Using the industry peer median P/E Multiples multiple (trailing + forward), BCP Investment Corporation (BCIC) has a fair value of $22.57 based on 3 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| BCP Investment CorporationBCIC | 88 | 7.7x | 2.5x |
| WhiteHorse Finance, Inc. | 169 | 12.2x | 7.7x |
| Silvercrest Asset Management Group Inc. | 107 | 23.5x | 16.6x |
| PhenixFIN Corporation | 81 | 19.8x | 4.0x |
| Industry Median | 19.8x | 7.7x | |
| (*) Profit after tax | 11 | 35 | |
| Equity Value | 227 | 274 | |
| (/) Outstanding shares | 11 | 11 | |
| Fair Price | $20 | $25 | |
Using the industry peer median EV/EBITDA multiple (trailing + forward), BCP Investment Corporation (BCIC) has a fair value of $7.30 based on 4 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| BCP Investment CorporationBCIC | 88 | 12.2x | 6.3x |
| Great Elm Capital Corp. 8.50% Notes DUE 2029 | 357 | 8.8x | 7.6x |
| WhiteHorse Finance, Inc. | 169 | 12.4x | 4.7x |
| Silvercrest Asset Management Group Inc. | 107 | 6.4x | 6.2x |
| PhenixFIN Corporation | 81 | 15.8x | 10.8x |
| Industry Median | 10.6x | 6.9x | |
| (*) EBITDA | 32 | 62 | |
| = Enterprise Value | 339 | 429 | |
| (-) Net Debt | 303 | 303 | |
| Equity Value | 36 | 126 | |
| (/) Outstanding shares | 11 | 11 | |
| Fair Price | $3 | $11 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), BCP Investment Corporation (BCIC) has a fair value of $12.52 based on 6 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| BCP Investment CorporationBCIC | 88 | 9.9x | 5.1x |
| Great Elm Capital Corp. 8.50% Notes DUE 2029 | 357 | 11.5x | 10.0x |
| WhiteHorse Finance, Inc. | 169 | 12.2x | 4.6x |
| Silvercrest Asset Management Group Inc. | 107 | 0.7x | 0.7x |
| PhenixFIN Corporation | 81 | 16.8x | 11.5x |
| Great Elm Capital Corp. | 60 | 5.6x | 6.9x |
| OFS Capital Corporation | 48 | 9.2x | 5.4x |
| Industry Median | 10.3x | 6.1x | |
| (*) Revenue | 40 | 77 | |
| = Enterprise Value | 411 | 473 | |
| (-) Net Debt | 303 | 303 | |
| Equity Value | 108 | 170 | |
| (/) Outstanding shares | 11 | 11 | |
| Fair Price | $10 | $15 | |
Using the PEG framework with historical EPS growth of 8.0% plus 25.0% dividend yield, the company has a fair value of $13.06 based on NTM EPS (FY2026) of $1.63. The current PEG ratio is 3.34.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG is unreliable for companies with declining earnings.
| EPS Growth RateHistorical | -23.6% |
| Dividend Yield | +25.0% |
| Adjusted Growth (clamped 8–25%)Clamped | 8.0% |
| Fair P/E | 8.0x |
| NTM EPS (FY2026) | $1.63 |
| Fair Value | $13.06 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $1.04 | — | — |
| FY2026E | $1.63 | +57.0% | 3 |
1Y Forward EPS CAGR: 57.0%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $26.0M | $3.05 | — |
| FY2022 | $-21.0M | $-2.18 | -171.5% |
| FY2023 | $11.4M | $1.20 | — |
| FY2024 | $-5.9M | $-0.64 | -153.3% |
| FY2025 | $11.5M | $1.04 | — |
4Y Historical EPS CAGR: -23.6%
Using the Two-Stage Dividend Discount Model with a Cost of Equity of 11.5% and projected dividend growth of 0.0%, the fair value is $21.82 per share. The DDM range is $17.53 – $31.64 based on sensitivity analysis across Cost of Equity and growth rate assumptions.
| Year | DPS | Payout Ratio | YoY Growth |
|---|---|---|---|
| 2025 | $1.95 | 188.3% | — |
| 2024 | — | — | — |
| 2023 | — | 0.0% | -100.0% |
| 2022 | $2.44 | — | +6.2% |
| 2021 | $2.30 | 75.5% | — |
| Year | Projected DPS | Growth | Discount Factor | Present Value |
|---|---|---|---|---|
| 2026 | $1.95 | 0.0% | 0.8970 | $1.75 |
| 2027 | $1.95 | 0.0% | 0.8047 | $1.57 |
| 2028 | $1.95 | 0.0% | 0.7218 | $1.41 |
| 2029 | $1.95 | 0.0% | 0.6475 | $1.26 |
| 2030 | $1.95 | 0.0% | 0.5809 | $1.13 |
| Terminal Value | $2.02 DPS | 3.5% | $14.70 |
Fair value under different Cost of Equity (rows) and DPS Growth Rate (columns) assumptions.
| Ke \ Growth | 0.0% | 0.0% | 0.0% | 1.0% | 2.0% |
|---|---|---|---|---|---|
| 9.5% | $29 | $29 | $29 | $30 | $32 |
| 10.5% | $25 | $25 | $25 | $26 | $27 |
| 11.5% | $22 | $22 | $22 | $23 | $24 |
| 12.5% | $19 | $19 | $19 | $20 | $21 |
| 13.5% | $18 | $18 | $18 | $18 | $19 |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.