FDUS Stock Analysis: Fidus Investment | NASDAQ
Asset Management | NASDAQ, USA | Market Cap: 776m USD | 12M Return: 11% | US3165001070 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.72M
EPS Trend: -92.5%
Qual. Beats: 0
Rev. Trend: 81.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Fidus Investment Corporation (FDUS) is a Business Development Company (BDC) that provides debt and equity financing to lower middle market companies in the United States. It focuses on leveraged buyouts, refinancings, recapitalizations, growth capital, and strategic acquisitions, offering products such as senior secured loans, unitranche debt, mezzanine financing, subordinated debt, and minority equity investments. The firm typically avoids turnarounds and distressed situations.
The company targets companies generating annual revenues between $10 million and $150 million with EBITDA between $5 million and $30 million, deploying $5–30 million per transaction in equity and $5–15 million in debt. Sector preferences span aerospace and defense, business services, consumer products and services, healthcare, industrial, information technology, niche manufacturing, transportation and logistics, and value-added distribution. Fidus generally seeks minority equity stakes along with board observation rights.
As a BDC listed on NASDAQ, Fidus operates under the regulatory framework of the Investment Company Act of 1940, which requires it to distribute at least 90% of its taxable income as dividends to shareholders in order to qualify as a regulated investment company (RIC). BDCs like FDUS serve as a key source of capital for small and mid-sized private businesses that lack access to traditional bank financing or public capital markets.
- Net investment income rises on higher floating rate yields
- Credit quality deteriorates with rising non-accruals in portfolio
- New investment origination volume remains steady across lower middle market
| Net Income: 77.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.90 > 1.0 |
| NWC/Revenue: 120.4% < 20% (prev 48.15%; Δ 72.24% < -1%) |
| CFO/TA -0.13 > 3% & CFO -198.3m > Net Income 77.3m |
| Net Debt (105.1m) to EBITDA (106.0m): 0.99 < 3 |
| Current Ratio: 6.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (38.0m) vs 12m ago 7.96% < -2% |
| Gross Margin: 73.60% > 18% (prev 79.16%; Δ -5.56% > 0.5%) |
| Asset Turnover: 10.71% > 50% (prev 9.34%; Δ 1.37% > 0%) |
| Interest Coverage Ratio: 2.90 > 6 (EBIT TTM 103.1m / Interest Expense TTM 35.5m) |
| A: 0.12 (Total Current Assets 210.7m - Total Current Liabilities 32.8m) / Total Assets 1.50b |
| B: 0.06 (Retained Earnings 97.1m / Total Assets 1.50b) |
| C: 0.07 (EBIT TTM 103.1m / Avg Total Assets 1.38b) |
| D: 0.97 (Book Value of Equity 738.5m / Total Liabilities 762.6m) |
| Altman-Z'' = 2.51 = A |
As of November 12, 2026, the stock is trading at USD 19.57 with a total of 477,932 shares traded. Over the past week, the price has changed by -0.66%, over one month by +1.98%, over three months by +0.96% and over the past year by +11.01%.
Current recommended Stop Loss: 18.90 (which is 3.4% or 1.9 ATR below the current price).
Fidus Investment has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy FDUS.
- StrongBuy: 3
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21.5 | 9.9% |
P/E Trailing = 9.466
P/E Forward = 9.9108
P/S = 4.5504
P/B = 1.0464
P/EG = 3.5213
Revenue TTM = 147.7m USD
EBIT TTM = 103.1m USD
EBITDA TTM = 106.0m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 288.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 105.1m USD (calculated: Debt 288.1m - CCE 182.9m)
Enterprise Value = 880.7m USD (775.5m + Debt 288.1m - CCE 182.9m)
Interest Coverage Ratio = 2.90 (Ebit TTM 103.1m / Interest Expense TTM 35.5m)
EV/FCF = 9.74x (Enterprise Value 880.7m / FCF TTM 90.4m)
FCF Yield = 10.26% (FCF TTM 90.4m / Enterprise Value 880.7m)
FCF Margin = 61.19% (FCF TTM 90.4m / Revenue TTM 147.7m)
Net Margin = 52.34% (Net Income TTM 77.3m / Revenue TTM 147.7m)
Gross Margin = 73.60% ((Revenue TTM 147.7m - Cost of Revenue TTM 39.0m) / Revenue TTM)
Gross Margin QoQ = 76.25% (prev 67.40%)
Tobins Q-Ratio = 0.59 (Enterprise Value 880.7m / Total Assets 1.50b)
Interest Expense / Debt = 12.32% (Interest Expense 35.5m / Debt 288.1m)
Taxrate = 5.82% (4.77m / 82.1m)
NOPAT = 97.1m (EBIT 103.1m * (1 - 5.82%))
Current Ratio = 5.05 (Total Current Assets 210.7m / Total Current Liabilities 41.7m)
Debt / Equity = 0.39 (Debt 288.1m / totalStockholderEquity, last quarter 738.5m)
Debt / EBITDA = 0.99 (Net Debt 105.1m / EBITDA 106.0m)
Debt / FCF = 1.16 (Net Debt 105.1m / FCF TTM 90.4m)
Total Stockholder Equity = 733.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.60% (Net Income 77.3m / Total Assets 1.50b)
RoE = 10.54% (Net Income TTM 77.3m / Total Stockholder Equity 733.4m)
RoCE = 7.02% (EBIT 103.1m / Capital Employed (Total Assets 1.50b - Current Liab 32.8m))
RoIC = 6.51% (NOPAT 97.1m / Invested Capital 1.49b)
WACC = 8.59% (E(775.5m)/V(1.06b) * Re(7.47%) + D(288.1m)/V(1.06b) * Rd(12.32%) * (1-Tc(0.06)))
Discount Rate = 7.47% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.85 | Cagr: 9.76%
[DCF] Terminal Value 75.10% ; FCFF base≈89.1m ; Y1≈92.3m ; Y5≈104.0m
[DCF] Fair Price = 36.17 (EV 1.54b - Net Debt 105.1m = Equity 1.44b / Shares 39.8m; r=8.59% [WACC]; 5y FCF grow 3.81% → 2.50% )
EPS Correlation: -92.55 | EPS CAGR: -6.70% | SUE: 0.75 | # QB: 0
Revenue Correlation: 81.33 | Revenue CAGR: 10.27% | SUE: 0.68 | # QB: 0
EPS current Year (2026-12-31): EPS=2.13 | Chg30d=+0.09% | Revisions=+25% | GrowthEPS=+0.2% | GrowthRev=+16.0%
EPS next Year (2027-12-31): EPS=1.98 | Chg30d=+0.30% | Revisions=+25% | GrowthEPS=-7.2% | GrowthRev=+2.3%
[Analyst] Revisions Ratio: +40% (up=2, down=0)