BCP Investment Corp

BCIC

BCP Investment Corp. is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business.

About the company

Country: United StatesPrice: $5.13Market Cap: $63.6M

Investment snapshot

12%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

5 / 9

NEUTRAL / FAIL

Median fair value

$9.50

+85.3% vs price

Models with upside

6 / 17

Positive margin of safety

Strongest signal

BCIC undervalued: all 6 models price fair value above $5.13 (median $9.50)

Key risk

All 12 investors flag BCIC's debt & leverage

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Greenblatt Magic Formula	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	FAIL	FAIL	FAIL	Not ranked	PASS	FAIL	PASS	NEUTRAL	FAIL	FAIL	FAIL	NEUTRAL	FAIL	NEUTRAL	FAIL	NEUTRAL	NEUTRAL
Score
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Intrinsic Value (annual)		N/A	N/A	N/A	N/A		N/A				N/A		N/A	N/A	N/A	N/A	N/A
Margin of Safety	+74.0%	N/A	N/A	N/A	N/A	+35.9%	N/A	+38.1%	+52.1%	+76.6%	N/A	+0.8%	N/A	N/A	N/A	N/A	N/A
Financial Basis	Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-09-30 · TTM ended 2026-09-30 Latest source filing: 2026-11-12 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-11-12 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-12 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment · Balance sheet at 2026-09-30 Latest source filing: 2026-11-12 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-05 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-11-12 Score computed: 2026-11-14	Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-12 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-05 Score computed: 2026-11-14	TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-11-12 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-12 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-11-12 Score computed: 2026-11-14

Where It Passes

Valuation models100% pass✓ 6▾
BCIC undervalued: all 6 models price fair value above $5.13 (median $9.50)
Graham fair value$19.75
✓Graham+74.0% margin vs $5.13
Dreman fair value$8.00
✓Dreman+35.9% margin vs $5.13
Pabrai fair value$8.29
✓Pabrai+38.1% margin vs $5.13
Akre fair value$10.72
✓Akre+52.1% margin vs $5.13
Marks fair value$21.94
✓Marks+76.6% margin vs $5.13
Templeton fair value$5.17
✓Templeton+0.8% margin vs $5.13

Where It Falls Short

Debt & Leverage0% pass✗ 15▾
All 12 investors flag BCIC's debt & leverage
LT Debt vs Net Current Assets
✗GrahamLT Debt <= Net Current Assets
Debt/Equity & Interest CoverageD/E: 1.47, IC: N/A
✗BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / Equity1.70
✗Lynch< 0.33
Cash - Long-term Debt$-274.4M
✗LynchPositive preferred
LT Debt / Total Assets Change58.45% -> 58.61%
✗PiotroskiDecreased YoY
Current Assets / Current Liabilities
✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
Total Debt / Shareholders' Equity1.70
✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
Debt Levels1.70
✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDA
✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity1.70
✗Ackman<= 1.0
Negative debt-to-equity (higher means less debt)-1.7013; #3684/4210 (top 87.5%)
✗AsnessTop 30% of eligible cross-section
Growth0% pass✓ 1✗ 12▾
No clean pass — all 8 investors flag at least one growth criterion
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)P/E 4.9x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR-30.3%
✗Lynch15-30% (Fast Grower); > 0% to pass
Inventory Growth vs Revenue GrowthN/A (no inventory)
✓LynchInventory growth < Revenue growth
EPS Growth Direction
✗DremanPositive over recent years
EPS CAGR
✗Dreman> 5% annualized
Positive Net Income Frequency6/9 years positive
✗MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth
✗Ackman>= 5%
Positive EPS Growth Frequency2/5 years with positive EPS growth
✗AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR-30.3% CAGR over 5 years
✗Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trend
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR
✗SleepCAGR > 7%
3-5 Year Diluted EPS CAGR-30.3% over 5 years
✗Neff7%-20% annualized
Efficiency0% pass✗ 11▾
All 8 investors flag BCIC's efficiency
Current Ratio
✗Graham>= 2.0
ROIC (3-5 yr avg)
✗Buffett> 10%
ROIC - WACC
✗BuffettPositive (WACC = 10%)
EBIT / (NWC + Net Fixed Assets)
✗Greenblatt> 25%
Current Ratio Change YoY
✗PiotroskiIncreased YoY
Revenue / Total Assets Change YoY
✗PiotroskiImproved YoY
Current Assets / Current Liabilities
✗Dreman> 1.5
Return on Invested Capital
✗Munger> 15%
ROIC (high and growing)FY2023: ROIC=unavailable; FY2024: ROIC=unavailable; FY2025: ROIC=unavailable
✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROIC
✗AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)
✗SleepROIC > 12% in a majority of years
Profitability13% pass✓ 6✗ 29▾
14 of 16 flag BCIC's profitability — Graham, Buffett, Lynch +11 more
Positive EPS (10 years)6/11 years positive
✗GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Net Income Positive (10+ years)6/11 years positive
✗BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)1.6%
✗Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)
✗BuffettStable or rising over 10 years
Free Cash Flow Proxy
✗BuffettPositive and growing
Earnings Variance (10-yr CoV)
✗BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)P/E 4.9x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR-30.3%
✗Lynch15-30% (Fast Grower); > 0% to pass
ROE-25.2%
✗Lynch> 15%
EBIT / Enterprise Value
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=None, ROC=None
✗GreenblattBoth EY > 10% and ROC > 25%
Net Income / Total Assets2.19%
✓PiotroskiROA > 0
ROA Change YoY-1.31% -> 2.19% (delta: +3.50%)
✓PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=12.73%, ROA=2.19%
✓PiotroskiCFO/Assets > ROA
Gross Margin Change YoY
✗PiotroskiImproved YoY
Pre-Tax Income / Revenue
✗Dreman>= 8%
Net Income / Shareholders' Equity-25.2%
✗Dreman> 12%
Margin of SafetyP/E=4.9x, P/B=0.3x
✓PabraiP/B < 1.5 or P/E < 15
Return on Equity2.6% (3-yr avg)
✗AkreROE > 20% (3-year avg)
Discount to Intrinsic Value35.9% (IV=$8.00 vs Price=$5.13)
✓Marks>= 20% below intrinsic value
Positive Net Income Frequency6/9 years positive
✗MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue
✗Ackman>= 15%
Net Income / Shareholders Equity-25.2%
✗Ackman>= 15%
5-Year EPS CAGR-30.3% CAGR over 5 years
✗Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend
✗TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trend
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
Net income / market capitalization-64.62%; #5183/6340 (top 81.8%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Gross profit / total assets
✗AsnessTop 30% of eligible cross-section
Net income / positive book equity-25.25%; #3802/5226 (top 72.8%)
✗AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-0.0268; #1768/5884 (top 30.0%)
✗AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR-30.3% over 5 years
✗Neff7%-20% annualized
Positive Diluted-EPS Years5/7 years positive
✓Schloss>= 70% positive over 5-10 observed years (app rule)
Verdicts18% pass✓ 2✗ 9▾
Split decision: 9 FAIL · 5 NEUTRAL · 2 PASS
Overall verdict
✗GrahamFAIL (3/9)✗BuffettFAIL (0/9)✗LynchFAIL (1/7)•GreenblattNot ranked✓PiotroskiPASS (F-Score 4)✗DremanFAIL (4/11)✓MungerPASS (2/4)•PabraiNEUTRAL (2/3)✗AkreFAIL (0/6)✗MarksFAIL (2/5)✗AckmanFAIL (0/9)•TempletonNEUTRAL (5/8)✗SleepFAIL (1/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (2/6)•SchlossNEUTRAL (4/7)•OshaughnessyNEUTRAL (Not ranked)
Cash Flow40% pass✓ 5✗ 7▾
6 of 10 flag BCIC's cash flow — Buffett, Lynch, Marks +3 more
Free Cash Flow Proxy
✗BuffettPositive and growing
FCF Positive and Growing
✗LynchPositive and growing
Operating Cash Flow$66.7M
✓PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=12.73%, ROA=2.19%
✓PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)1.0x
✓Dreman< 8x
P/E or FCF YieldP/E=4.9x
✓PabraiP/E < 15 or FCF Yield > 10%
FCF Positive
✗MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap
✗Ackman>= 4%
Price / FCF per Share
✗Ackman<= 25
Positive Operating Cash Flow frequency5/6 years positive
✓SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures
✗Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization
✗OshaughnessyTop 10% of eligible cross-section
Valuation46% pass✓ 17✗ 11▾
7 of 13 flag BCIC's valuation — Lynch, Greenblatt, Ackman +4 more
Price / 3-yr avg EPS9.6x
✓Graham<= 15x
Price-to-Book Ratio0.3x
✓Graham<= 1.5x
P/E x P/B3.00
✓Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)P/E 4.9x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
EBIT / Enterprise Value
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=None, ROC=None
✗GreenblattBoth EY > 10% and ROC > 25%
Price / EPS4.9x
✓Dreman< 12x✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)1.0x
✓Dreman< 8x
Price / Book Value per Share0.3x
✓Dreman< 1.2x✓Templeton< 1.5x✓SchlossP/B <= 0.80x (app cutoff)
Valuation ReasonablenessP/E=4.9x
✓MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldP/E=4.9x
✓PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical AverageP/E=4.9x, P/B=0.3x
✓MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic Value35.9% (IV=$8.00 vs Price=$5.13)
✓Marks>= 20% below intrinsic value
Price / FCF per Share
✗Ackman<= 25
Price vs. Trailing Low100% of trailing low ($5.13)
✓Templeton<= 120% of trailing low (certified split-adjusted live window)
Net income / market capitalization-64.62%; #5183/6340 (top 81.8%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive book equity / market capitalization+2.5594; #535/6449 (top 8.3%)
✓AsnessTop 30% of eligible cross-section
Price / Diluted EPS4.9x
✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E0.68
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per Share0.31x
✓SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change
✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization
✗OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization
✗OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date-35.63%; #4654/6202 (top 75.0%)
✗OshaughnessyTop 10% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Size: Micro Cap($63.6M)

Revenue: N/A

Net Income: $11.5M+293.6% YoY

Financial Snapshot

Operating Margin--

Return on Equity5.5%

Debt / Equity1.47

Current Ratio--

EPS (Diluted)$1.04

Buybacks (1y)$9.3M

Buybacks (2y)$13.1M

Similar Companies

No peer companies found in this industry.

Shareholder Return

Fiscal 2025

Share retirement not available for this company.

Buybacks: $9.3M
Dividends: $21.6M

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

Metric	TTM · 2026-09-30 2025-10-01 – 2026-09-30 Sources · derived quarter values 10-K · 2026-03-05 10-Q · 2026-05-07 10-Q · 2026-08-06 10-Q · 2026-11-12 Derived from cumulative filings: net income, interest expense, operating cash flow, dividends paid, buybacks.	Q3 FY 2026 2026-07-01 – 2026-09-30 Sources · derived quarter values 10-Q · 2026-11-12 Derived from cumulative filings: operating cash flow, dividends paid, buybacks.	Q2 FY 2026 2026-04-01 – 2026-06-30 Sources · derived quarter values 10-Q · 2026-08-06 Derived from cumulative filings: operating cash flow, dividends paid, buybacks.	Q1 FY 2026 2026-01-01 – 2026-03-31 Sources 10-Q · 2026-05-07	FY 2025 Sources 10-K · 2026-03-05	FY 2024 Sources 10-K · 2025-03-13	FY 2023 Sources 10-K · 2024-03-13	FY 2022 Sources 10-K · 2023-03-09	FY 2021 Sources 10-K · 2023-03-09
Market Cap	$63.6Mcurrent	--	--	--	$148.2Mest.	$129.6Mest.	$126.4Mest.	$133.8Mest.	$135.0Mest.
Revenue	--	--	--	--	--	--	--	--	--
Operating Income	--	--	--	--	--	--	--	--	--
Net Income	-$41.1M↓349%	-$13.5M↓157%	-$9.9M↓119%	-$10.2M↓12306%	$11.5M↑294%	-$5.9M↓152%	$11.4M↑154%	-$21.0M↓181%	$26.0M
EPS (Diluted)	--	$-1.09↓159%	$-0.80↓63%	$-0.82↓8100%	$1.04↑263%	$-0.64↓153%	$1.20↑155%	$-2.18↓171%	$3.05
Gross Margin	—	—	—	—	—	—	—	—	—
Operating Margin	—	—	—	—	—	—	—	—	—
ROE	-25.2%↓454%	—	—	—	5.5%↑253%	-3.6%↓162%	5.8%↑164%	-9.0%↓197%	9.3%
Total Debt	$276.8M↓14%	$276.8M↓14%	$280.8M↑11%	$336.4M↑33%	$306.9M↑16%	$265.1M↓18%	$322.4M↓14%	$373.3M↑8%	$347.2M
Shareholders' Equity	$162.7M↓30%	$162.7M↓30%	$179.5M↑9%	$193.0M↑11%	$209.2M↑27%	$164.7M↓16%	$196.4M↓15%	$232.1M↓17%	$280.1M
Current Ratio	—	—	—	—	—	—	—	—	—
Debt / Equity	1.70↑22%	1.70↑22%	1.56↑2%	1.74↑19%	1.47↓9%	1.61↓2%	1.64↑2%	1.61↑30%	1.24
Operating Cash Flow	$63.8M↑4%	$6.2M↓82%	$10.7M↑100%	$21.6M↑3764%	$66.7M↑18%	$56.6M↓53%	$120.9M↑465%	-$33.1M↓154%	$61.1M
Free Cash Flow	--	--	--	--	--	--	--	--	--