| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | 3 | 3 |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 1.75 |
—
—
—
—
—
—
|
| 2025 | 2.06 |
—
—
—
—
—
—
—
|
| 2024 | 2.04 |
—
—
—
—
—
—
—
—
|
| 2023 | 1.81 |
—
—
—
—
—
—
|
| 2022 | 1.64 |
—
—
—
—
—
—
—
|
| 2021 | 1.64 |
—
—
—
—
—
|
| 2020 | 1.64 |
—
—
—
—
|
| 2019 | ‡‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 24.47 | 39.42 | 31.50 | 35.74 |
| Receivables | 14.25 | 12.17 | 17.35 | 8.93 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 38.72 | 51.59 | 48.85 | 44.67 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 15.20 | 15.57 | 15.53 | 12.53 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 39.34 | 39.05 | 40.01 | 34.47 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡‡‡ |
| Earnings | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 37.91 | 36.32 | — | — |
—
|
| ’25 | 42.13 | 42.99 | 41.35 | 40.81 |
167.29
|
| ’24 | 50.36 | 48.95 | 51.63 | 46.42 |
197.36
|
| ’23 | 39.28 | 46.74 | 48.15 | 49.96 |
184.13
|
| ’22 | 26.38 | 26.77 | 28.99 | 34.57 |
116.72
|
| ’21 | 20.57 | 23.80 | 25.48 | 24.14 |
93.99
|
| ’20 | 18.83 | 19.33 | 18.67 | 20.28 |
77.11
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (23.80) | 9.85 | — | — |
—
|
| ’25 | (15.13) | 36.44 | 30.77 | 22.65 |
74.72
|
| ’24 | 39.50 | (24.64) | 46.94 | (2.89) |
58.91
|
| ’23 | 16.01 | 20.34 | 21.35 | 34.60 |
92.30
|
| ’22 | 11.17 | (7.00) | (18.06) | 41.85 |
27.95
|
| ’21 | (1.40) | (0.71) | (41.76) | (113.78) |
(157.65)
|
| ’20 | (51.32) | 38.56 | (14.49) | (34.55) |
(61.80)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (23.80) | 9.85 | — | — |
—
|
| ’25 | (15.13) | 36.44 | 30.77 | 22.65 |
74.72
|
| ’24 | 39.50 | (24.64) | 46.94 | (2.89) |
58.91
|
| ’23 | 16.01 | 20.34 | 21.35 | 34.60 |
92.30
|
| ’22 | 11.17 | (7.00) | (18.06) | 41.85 |
27.95
|
| ’21 | (1.40) | (0.71) | (41.76) | (113.78) |
(157.65)
|
| ’20 | (51.32) | 38.56 | (14.49) | (34.55) |
(61.80)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.42) | (0.09) | — | — |
—
|
| ’25 | 0.11 | 0.41 | 0.19 | 0.23 |
0.93
|
| ’24 | 0.76 | 0.55 | 0.41 | 0.27 |
1.99
|
| ’23 | 0.24 | 0.61 | 0.61 | 0.83 |
2.33
|
| ’22 | 0.52 | (0.03) | (0.08) | 0.08 |
0.50
|
| ’21 | 0.76 | 1.16 | 0.59 | 0.43 |
2.94
|
| ’20 | (2.84) | 2.00 | 1.36 | 1.25 |
1.98
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | ‡‡‡‡ | ‡‡‡‡‡ | 12.55 | 12.87 | 15.91 | 13.03 | — | — | — |
Low Price
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.71 | 18.00 | 20.03 | 20.19 | — | — | — |
High Price
|
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 116.72 | 184.13 | 197.36 | 167.29 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 72.69% | 68.10% | 68.20% | 65.66% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 59.88 | 83.85 | 90.59 | 68.60 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 51.31% | 45.54% | 45.90% | 41.01% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.54 | 83.84 | 73.65 | 34.51 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.12) | (5.17) | (6.46) | (3.43) | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.78 | 5.13 | 5.33 | 4.52 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.50 | 2.33 | 1.99 | 0.93 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.90 | 2.57 | 1.59 | 2.02 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.90 | 2.57 | 1.59 | 2.02 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.83 | 20.67 | 19.98 | 19.06 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.89 | 35.93 | 37.06 | 37.04 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.10 | 7.52 | 9.66 | 14.95 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.51 | 3.36 | 3.61 | 3.11 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.67 | 0.83 | 0.96 | 0.74 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.98 | 7.81 | 7.85 | 8.15 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 37.48 | 15.59 | 26.29 | 18.24 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.95 | 92.30 | 58.91 | 74.72 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.95 | 92.30 | 58.91 | 74.72 | — | — | — |
FCF
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7.29) | (0.62) | 12.54 | 8.84 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 654.46 | 844.78 | 875.84 | 873.76 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 637.39 | 820.31 | 836.42 | 842.26 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 612.54 | 742.59 | 740.64 | 706.04 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.19% | 5.72% | 4.49% | 2.11% | — | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.68% | 3.35% | 3.59% | 2.77% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.46% | 12.37% | 9.93% | 4.77% | — | — | — |
ROE
|
Crescent Capital BDC, Inc. (CCAP) has demonstrated impressive revenue resilience amid macroeconomic headwinds, scaling from $13.8 million in 2016 to $197.4 million in 2024—a staggering 40% CAGR—fueled by post-2019 public listing, robust deal flow, and Federal Reserve rate hikes that supercharged net interest margins on floating-rate loans. However, profitability remains volatile, with net income swinging from an 81% plunge in 2022 due to credit stress to a swift recovery exceeding $73 million in 2024, underscoring BDCs’ sensitivity to interest rate cycles and economic shocks like inflation peaks and geopolitical tensions.
Balance sheet strength supports this growth, with equity up 479% and manageable 1.2x leverage, yielding a solid 9.9% ROE and positive free cash flow for dividend coverage. Yet, per-share dilution, stabilizing book value, and recent stock underperformance—trading at a 4% discount to NAV and 9.7x trailing PE—signal caution amid looming 2025-2026 rate cuts that could erode margins and soften revenue projections by 6-8% annually through 2027.
Analysts forecast EPS volatility with 11% consensus upside (up to 36% high-end), bolstered by CCAP’s focus on resilient middle-market sectors like software and healthcare, but tempered by credit cycle risks echoing 2008-2009 scars. This undervaluation amid stabilizing fundamentals presents a compelling case for yield-seeking investors—explore the full analysis for historical parallels, detailed forecasts, and strategic navigation tips.
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