GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Crescent Capital BDC Inc (NAS:CCAP) » Definitions » Intrinsic Value: Projected FCF

Crescent Capital BDC (Crescent Capital BDC) Intrinsic Value: Projected FCF : $-3.15 (As of Apr. 27, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Crescent Capital BDC Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-27), Crescent Capital BDC's Intrinsic Value: Projected FCF is $-3.15. The stock price of Crescent Capital BDC is $17.35. Therefore, Crescent Capital BDC's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Crescent Capital BDC's Intrinsic Value: Projected FCF or its related term are showing as below:

CCAP's Price-to-Projected-FCF is not ranked *
in the Asset Management industry.
Industry Median: 0.92
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Crescent Capital BDC Intrinsic Value: Projected FCF Historical Data

The historical data trend for Crescent Capital BDC's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Crescent Capital BDC Intrinsic Value: Projected FCF Chart

Crescent Capital BDC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial - - - - -3.15

Crescent Capital BDC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - -4.84 -3.15

Competitive Comparison of Crescent Capital BDC's Intrinsic Value: Projected FCF

For the Asset Management subindustry, Crescent Capital BDC's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Crescent Capital BDC's Price-to-Projected-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Crescent Capital BDC's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Crescent Capital BDC's Price-to-Projected-FCF falls into.



Crescent Capital BDC Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Crescent Capital BDC's Free Cash Flow(6 year avg) = $-74.68.

Crescent Capital BDC's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-74.67904+742.594*0.8)/37.074
=-3.15

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Crescent Capital BDC  (NAS:CCAP) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Crescent Capital BDC's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=17.35/-3.1530322503404
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Crescent Capital BDC Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Crescent Capital BDC's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Crescent Capital BDC (Crescent Capital BDC) Business Description

Traded in Other Exchanges
Address
11100 Santa Monica Boulevard, Suite 2000, Los Angeles, CA, USA, 90025
Crescent Capital BDC Inc is a business development company structured as an externally managed, closed-end, non-diversified management investment company. The company's primary investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments. It will seek to achieve its investment objectives by investing in secured debt (including senior secured, unitranche, and second lien debt) and unsecured debt (including senior unsecured, mezzanine, and subordinated debt), as well as related equity securities of private U.S. middle-market companies.
Executives
Michael Scott Segal director C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Steven F. Strandberg director C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Strong George G. Jr. director C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Susan Y Lee director 11100 SANTA MONICA BLVD, SUITE 2000, LOS ANGELES CA 90025
George Hawley officer: Secretary C/O CRESCENT CAPITAL GROUP LP, 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Gerhard Lombard officer: Chief Financial Officer 600 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10020
Erik G Barrios officer: Senior Vice President C/O CRESCENT CAPITAL GROUP, 299 PARK AVENUE, NEW YORK NY 10171
Kirill Bouek officer: Controller 10 HUDSON YARDS, 41ST FLOOR, NEW YORK NY 10001
Joseph Hanlon officer: Chief Compliance Officer C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Jason Breaux officer: Chief Executive Officer C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Raymond Barrios officer: Senior Vice President 11100 SANTA MONICA BLVD, SUITE 2000, LOS ANGELES CA 90025
Watsa V Prem Et Al 10 percent owner 95 WELLINGTON STREET WEST, SUITE 800, TORONTO A6 M5J 2N7
Elizabeth Ko director 11100 SANTA MONICA BLVD, SUITE 2000, LOS ANGELES CA 90025
Allied World Assurance Co Holdings, Gmbh 10 percent owner PARK TOWER, 15TH FLOOR, GUBELSTRASSE 24, ZUG V8 6300
Kathleen S Briscoe director GRIFFIN CAPITAL PLAZA, 1520 EAST GRAND AVENUE, EL SEGUNDO CA 90245

Crescent Capital BDC (Crescent Capital BDC) Headlines

From GuruFocus

Prem Watsa's Top 5 Buys in the 1st Quarter

By James Li James Li 05-15-2020

Sun Life to Acquire Majority Stake in Crescent Capital Group LP

By Marketwired Marketwired 10-22-2020