Stock fact sheet · data as of
Crescent Capital BDC, Inc. (CCAP): fair value, margin of safety and Wheel Score
Ticker symbol CCAP · Financial Services · Asset Management · United States · Speculative Income
Is CCAP undervalued?
Crescent Capital BDC, Inc. (CCAP) closed at 9.64 on 5 Nov 2026. The GLS average fair value - the simple average of the 3 valuation models that produced a positive number - is 50.13, which puts the price 81% below it. 3 of the 3 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The average is built from just 3 models (DCF, 10 Cap, DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files CCAP under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan. It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for CCAP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 94.56 | +881% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 32.58 | +238% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 23.25 | +141% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -24.73 | -356% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 12.25 | +27% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Crescent Capital BDC, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability CCAP scores 5.4/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC 2.2%, ROE 4.9%, ROA 2.1% - with debt at 1.24 times equity and a free-cash-flow yield of 16.4%.
The dividend yield is high at 16.39% (payout ratio -2546%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 9/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 2.2% |
|---|---|---|---|
| GLS Moat | 5.4 / 10 | ROE | 4.9% |
| Debt / equity | 1.24 | ROA | 2.1% |
| Free-cash-flow yield | 16.4% | Payout ratio | -2546% |
| Institutions | 9 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 43: Weak
With a Wheel Score of 43 Crescent Capital BDC, Inc. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (204 open interest, 44 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 6, no serious red flags - Red Flags score 55 (under 60); and filter 8, big enough - market cap $355M (under $1.0B); Option trading (weak) is its weakest part.
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 204 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 174k shares a day on a market cap of $355M, with a beta of 0.61 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (204 open interest, 44 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Fails | Red Flags score 55 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $355M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 81% below fair value | |
| Premium | Strong | implied volatility 36% | |
| Moat | Fair | moat 5.4/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Weak | Red Flags score 55/100 | |
| Option trading | Weak | 44 contracts a day, 204 open interest | |
| Stability | Fair | beta 0.61, $355M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Crescent Capital BDC, Inc. reports earnings on 9 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk. The shares go ex-dividend on 30 Nov 2026 (0.0300 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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The 12 companies below are the closest to Crescent Capital BDC, Inc. by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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|---|---|---|---|---|---|
| AUUCX AB Select US Equity C | 23.19 | 20.72 | -12% | 10No options | $355M |
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| ACCNX American Century Core Plus Fd Investor Cl | 8.92 | 10.67 | +16% | 19No options | $352M |
| MIY BlackRock MuniYield Michigan Quality Fund, Inc. | 12.38 | 28.04 | +56% | 26No options | $359M |
| ECCV Eagle Point Credit Company Inc. | 24.20 | 14.09 | -72% | 12No options | $351M |
| ECCU Eagle Point Credit Company Inc. | 25.03 | 14.09 | -78% | 12No options | $350M |
| WPOIX Weitz Partners III Opportunity Fund | 12.88 | 140.82 | +91% | 26No options | $350M |
| ECC Eagle Point Credit Company Inc. | 2.63 | 14.09 | +81% | 30No options | $350M |
| ACUSX Advisors Capital Total Return – Equity | 15.66 | 41.62 | +62% | 25No options | $348M |
| FRA BlackRock Floating Rate Income Strategies Fund, Inc. | 10.22 | 24.51 | +58% | 29No options | $362M |
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Start free See the Sunday ScanQuestions about CCAP
Is CCAP undervalued right now?
By the GLS models, yes: at 9.64 the stock is 81% below the average fair value of 50.13 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CCAP and what does it mean?
CCAP scores 43 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 6, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CCAP?
50.13 per share as of 5 Nov 2026 - the simple average of the 3 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Crescent Capital BDC, Inc. report earnings next?
The next earnings report is due on 9 Nov 2026 (after the close), 4 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CCAP have listed options, and how liquid are they?
Yes. The nightly snapshot found 12 listed contracts with 204 open interest across all expiries and implied volatility of 36% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.