(FDUS) Fidus Investment - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3165001070

Debt, Equity, Mezzanine, Warrants, Preferred

Asset Management & Custody Banks
Market Cap in USD: 711m

IPO / Inception: 2011-06-21
Return 12m vs S&P 500: -13.8%

EPS (Earnings per Share)

EPS CAGR: -43.92%
EPS Trend: -25.7%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: -17.17%
Rev. Trend: 34.8%

Last SUE: -0.69
Qual. Beats: 0

Dividends

Dividend Yield	9.79%
Yield on Cost 5y	25.66%
Yield CAGR 5y	4.94%
Payout Consistency	93.4%
Payout Ratio	90.2%

Risk via 5d forecast
Volatility	20.3%
Value at Risk 5%th	32.7%
Relative Tail Risk	-1.92%

Reward TTM
Sharpe Ratio	0.08
Alpha	-10.16
CAGR/Max DD	0.55

Character TTM
Hurst Exponent	0.504
Beta	0.667
Beta Downside	0.809

Drawdowns 3y
Max DD	23.94%
Mean DD	4.52%
Median DD	3.15%

Description: FDUS Fidus Investment December 25, 2025

Fidus Investment Corp. (NASDAQ: FDUS) is a Business Development Company (BDC) that targets lower-middle-market companies in the United States, deploying capital across a wide range of financing structures-including equity, mezzanine, senior secured, unitranche, and preferred equity-while deliberately avoiding turnaround or distressed situations.

The firm concentrates on sectors such as aerospace & defense, business services, consumer products & retail, healthcare, industrial manufacturing, IT services, niche manufacturing, transportation & logistics, and value-added distribution. Typical equity investments range from $5 million to $30 million in companies with $10 million–$150 million of revenue and $5 million–$30 million of EBITDA, and debt investments usually sit between $5 million and $15 million, often accompanied by minority board observation rights.

Key points to watch: (1) FDUS’s net asset value (NAV) has risen ~12 % YoY in 2023, reflecting strong deal flow and disciplined credit underwriting; (2) BDCs like FDUS are highly sensitive to the Federal Reserve’s interest-rate policy, as higher rates increase borrowing costs for portfolio companies and can compress the spread between loan yields and financing costs; (3) Aerospace & defense spending in the U.S. is projected to grow at a 4-5 % annual rate through 2027, bolstering one of FDUS’s core sectors. For a deeper dive into FDUS’s valuation metrics and peer comparison, check out the ValueRay platform.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income (81.7m TTM) > 0 and > 6% of Revenue (6% = 7.36m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA -1.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 66.88% (prev 54.94%; Δ 11.94pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.05 (>3.0%) and CFO 59.5m <= Net Income 81.7m (YES >=105%, WARN >=100%)

Net Debt (122.6m) to EBITDA (86.2m) ratio: 1.42 <= 3.0 (WARN <= 3.5)

Current Ratio 111.0 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (35.7m) change vs 12m ago 7.01% (target <= -2.0% for YES)

Gross Margin 78.89% (prev 81.93%; Δ -3.04pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 10.06% (prev 10.48%; Δ -0.41pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.95 (EBITDA TTM 86.2m / Interest Expense TTM 25.9m) >= 6 (WARN >= 3)

Altman Z'' 1.11

(A) 0.06 = (Total Current Assets 82.8m - Total Current Liabilities 746.0k) / Total Assets 1.28b

(B) 0.07 = Retained Earnings (Balance) 94.0m / Total Assets 1.28b

(D) 0.17 = Book Value of Equity 94.0m / Total Liabilities 566.7m

Total Rating: 1.11 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 59.74

1. Piotroski 2.0pt

2. FCF Yield 7.13%

3. FCF Margin 48.47%

4. Debt/Equity 0.26

5. Debt/Ebitda 1.42

6. ROIC - WACC (= -3.36)%

7. RoE 11.94%

8. Rev. Trend 34.76%

9. EPS Trend -25.66%

What is the price of FDUS shares?

As of January 12, 2026, the stock is trading at USD 19.81 with a total of 175,647 shares traded.
Over the past week, the price has changed by +1.43%, over one month by +1.02%, over three months by +3.76% and over the past year by +4.28%.

Is FDUS a buy, sell or hold?

Fidus Investment has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy FDUS.

Strong Buy: 2
Buy: 1
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the FDUS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	22	11.1%
Analysts Target Price	22	11.1%
ValueRay Target Price	23.9	20.6%

FDUS Fundamental Data Overview January 05, 2026

P/E Trailing = 8.3462
P/E Forward = 10.2775
P/S = 4.706
P/B = 1.0006
P/EG = 3.59
Beta = 0.737
Revenue TTM = 122.7m USD
EBIT TTM = 50.4m USD
EBITDA TTM = 86.2m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 185.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 122.6m USD (from netDebt column, last quarter)
Enterprise Value = 834.1m USD (711.4m + Debt 185.0m - CCE 62.3m)
Interest Coverage Ratio = 1.95 (Ebit TTM 50.4m / Interest Expense TTM 25.9m)
EV/FCF = 14.02x (Enterprise Value 834.1m / FCF TTM 59.5m)
FCF Yield = 7.13% (FCF TTM 59.5m / Enterprise Value 834.1m)
FCF Margin = 48.47% (FCF TTM 59.5m / Revenue TTM 122.7m)
Net Margin = 66.56% (Net Income TTM 81.7m / Revenue TTM 122.7m)
Gross Margin = 78.89% ((Revenue TTM 122.7m - Cost of Revenue TTM 25.9m) / Revenue TTM)
Gross Margin QoQ = 76.69% (prev 80.15%)
Tobins Q-Ratio = 0.65 (Enterprise Value 834.1m / Total Assets 1.28b)
Interest Expense / Debt = 3.75% (Interest Expense 6.94m / Debt 185.0m)
Taxrate = 4.11% (820.0k / 20.0m)
NOPAT = 48.3m (EBIT 50.4m * (1 - 4.11%))
Current Ratio = 111.0 (out of range, set to none) (Total Current Assets 82.8m / Total Current Liabilities 746.0k)
Debt / Equity = 0.26 (Debt 185.0m / totalStockholderEquity, last quarter 711.0m)
Debt / EBITDA = 1.42 (Net Debt 122.6m / EBITDA 86.2m)
Debt / FCF = 2.06 (Net Debt 122.6m / FCF TTM 59.5m)
Total Stockholder Equity = 684.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.70% (Net Income 81.7m / Total Assets 1.28b)
RoE = 11.94% (Net Income TTM 81.7m / Total Stockholder Equity 684.2m)
RoCE = 3.95% (EBIT 50.4m / Capital Employed (Total Assets 1.28b - Current Liab 746.0k))
RoIC = 4.02% (NOPAT 48.3m / Invested Capital 1.20b)
WACC = 7.39% (E(711.4m)/V(896.4m) * Re(8.37%) + D(185.0m)/V(896.4m) * Rd(3.75%) * (1-Tc(0.04)))
Discount Rate = 8.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 16.40%
[DCF Debug] Terminal Value 79.76% ; FCFF base≈62.8m ; Y1≈59.9m ; Y5≈57.8m
Fair Price DCF = 28.60 (EV 1.16b - Net Debt 122.6m = Equity 1.04b / Shares 36.4m; r=7.39% [WACC]; 5y FCF grow -5.99% → 2.90% )
EPS Correlation: -25.66 | EPS CAGR: -43.92% | SUE: -4.0 | # QB: 0
Revenue Correlation: 34.76 | Revenue CAGR: -17.17% | SUE: -0.69 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.49 | Chg30d=-0.003 | Revisions Net=-2 | Analysts=5
EPS next Year (2026-12-31): EPS=1.92 | Chg30d=-0.018 | Revisions Net=-1 | Growth EPS=-7.2% | Growth Revenue=+4.5%

Additional Sources for FDUS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle