TriplePoint Venture Growth (TPVG) AI Stock Analysis

• Market Cap: $235.09M
• Dividend Yield: 19.38%
• Average Volume (3M): 382.28K
• Price to Earnings (P/E): 5.7
• Beta (1Y): 0.90
• Revenue Growth: 377.90%
• EPS Growth: N/A
• Country: US
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.28
• Shares Outstanding: 40,323,742
• 10 Day Avg. Volume: 476,625
• 30 Day Avg. Volume: 382,283
• PEG Ratio: -0.05
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 4.05
• P/FCF Ratio: 1.89
• Enterprise Value/Market Cap: 2.74
• Enterprise Value/Revenue: 8.16
• Enterprise Value/Gross Profit: 11.14
• Enterprise Value/Ebitda: 13.39
• 1Y Price Target: $6.69
• Price Target Upside: 14.75% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 59 Neutral
• Price Target: ―

TriplePoint Venture Growth's overall score reflects a mix of strong cash flow and reduced leverage, balanced by profitability challenges and bearish technical indicators. Positive growth prospects in emerging sectors and a high dividend yield provide potential upside, although caution is advised due to ongoing credit issues and investment income decrease.

Positive Factors

Strong Liquidity and Reduced Leverage

Improved liquidity and reduced leverage enhance financial flexibility, allowing TPVG to capitalize on growth opportunities and manage risks effectively.

Increased Investment Activity

The surge in investment activity, particularly in AI, indicates strong market demand and potential for future revenue growth, reinforcing TPVG's strategic positioning.

Portfolio Diversification and Sector Rotation

Diversification into high-growth sectors reduces risk and positions TPVG to benefit from structural industry trends, enhancing long-term stability and growth.

Negative Factors

Unrealized Losses and NAV Pressure

Unrealized losses can impact net asset value and investor confidence, posing a challenge to maintaining financial health and capital raising capabilities.

Non-Accrual and Watch List Companies

Non-accrual status and watch-listed companies highlight credit risk, potentially affecting income stability and necessitating tighter risk management.

Decrease in Total Investment Income

A decline in investment income signals challenges in maintaining revenue growth, impacting profitability and necessitating strategic adjustments.

TriplePoint Venture Growth Business Overview & Revenue Model

Company Description

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors. Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It targeted returns between 10% and 18%. It does not take board seat in the company.

How the Company Makes Money

TPVG generates revenue primarily through interest income from its debt investments and financing solutions provided to venture growth stage companies. The company earns money by charging interest on the loans and credit facilities it provides, as well as through origination and other fees associated with its financing activities. TPVG's earnings are also influenced by its ability to maintain strong relationships with venture capital firms, which often refer high-quality investment opportunities, and by managing the credit risk of its portfolio effectively.

TriplePoint Venture Growth Financial Statement Overview

Summary

TriplePoint Venture Growth shows mixed financial health. Positive cash flow and reduced leverage are strong indicators of improved operational efficiency and debt management. However, persistent net losses and fluctuating revenue growth highlight challenges in profitability. Continued focus on stabilizing revenue and managing costs is essential.

Income Statement

The revenue growth fluctuated significantly, with a sharp decline in 2024 after a spike in 2023. EBIT margin shows moderate profitability but net income has been negative for recent years, indicating potential challenges in managing operating costs.

Balance Sheet

The company shows a strong equity position with a low debt-to-equity ratio in 2024, indicating reduced leverage. However, the equity ratio is declining, suggesting increased liabilities relative to assets, which could be a potential risk if not managed.

Cash Flow

The operating cash flow has improved significantly, turning positive in 2024, which is a strong indicator of improved operational efficiency. Free cash flow is also positive, indicating good cash generation, although past fluctuations indicate a need for consistent cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	78.80M	71.19M	61.73M	119.42M	83.36M	42.00M
Gross Profit	57.71M	45.53M	137.49M	94.76M	58.58M	18.74M
EBITDA	48.05M	32.05M	0.00	0.00	0.00	-12.55M
Net Income	41.31M	32.05M	-39.82M	-46.83M	76.56M	35.31M
Balance Sheet
Total Assets	788.25M	763.04M	978.83M	1.01B	927.67M	683.51M
Cash, Cash Equivalents and Short-Term Investments	62.39M	45.90M	153.33M	1.00B	51.27M	38.22M
Total Debt	0.00	398.83M	607.90M	566.98M	467.50M	261.11M
Total Liabilities	439.57M	417.35M	632.52M	594.59M	467.50M	283.07M
Stockholders Equity	348.68M	345.69M	346.31M	419.94M	434.49M	400.44M
Cash Flow
Free Cash Flow	40.77M	152.92M	106.15M	-100.89M	-144.68M	60.58M
Operating Cash Flow	40.77M	152.92M	106.15M	-100.89M	-144.68M	60.58M
Investing Cash Flow	-109.26M	0.00	0.00	-421.00M	-417.37M	-206.14M
Financing Cash Flow	-28.90M	-245.78M	6.17M	101.00M	159.15M	-42.35M

TriplePoint Venture Growth Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.83
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TPVG, the sentiment is Negative. The current price of 5.83 is below the 20-day moving average (MA) of 6.29, below the 50-day MA of 6.37, and below the 200-day MA of 6.47, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 31.35 is Neutral, neither overbought nor oversold. The STOCH value of 2.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TPVG.

TriplePoint Venture Growth Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SWKH	75 Outperform	$178.57M	10.38	7.07%	―	6.60%	41.37%
LIEN	75 Outperform	$252.51M	10.71	―	12.29%	―	―
SAR	68 Neutral	―	9.86	―	13.66%	-1.64%	104.07%
WHF	67 Neutral	$165.26M	46.47	―	25.11%	-49.76%	-84.43%
TPVG	59 Neutral	$235.09M	5.66	11.78%	19.38%	377.90%	―
NEWT	58 Neutral	$311.91M	5.92	17.16%	6.41%	18.36%	17.28%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

TriplePoint Venture Growth Corporate Events

TriplePoint Venture Growth Reports Strong Q4 2024 Results

TriplePoint Venture Growth BDC Corp. announced its financial results for the fourth quarter and fiscal year 2024, highlighting a net investment income of $1.40 per share for the year and a 15.8% portfolio yield on debt investments for the fourth quarter. The company declared a first quarter 2025 distribution of $0.30 per share and reported significant activity in debt commitments and investments, indicating strong market conditions and a growing pipeline. The company’s strategic focus for 2025 includes leveraging the increasing demand for debt financing from well-positioned venture growth stage companies to enhance its scale, durability, portfolio diversification, and income-generating assets.