(FDUS) Fidus Investment - Ratings and Ratios

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

Investments, Debt, Equity, Warrants, Loans

EPS (Earnings per Share)

EPS (Earnings per Share) of FDUS over the last years for every Quarter: "2020-09": 0.4, "2020-12": 0.44, "2021-03": 0.46, "2021-06": 0.42, "2021-09": 0.4, "2021-12": 0.49, "2022-03": 0.43, "2022-06": 0.43, "2022-09": 0.51, "2022-12": 0.51, "2023-03": 0.6, "2023-06": 0.62, "2023-09": 0.68, "2023-12": 0.65, "2024-03": 0.59, "2024-06": 0.57, "2024-09": 0.61, "2024-12": 0.54, "2025-03": 0.54, "2025-06": 0.57, "2025-09": 0.5,

Revenue

Revenue of FDUS over the last years for every Quarter: 2020-09: 26.699, 2020-12: 36.071, 2021-03: 19.991, 2021-06: 31.591, 2021-09: 34.511, 2021-12: 60.321, 2022-03: 17.401, 2022-06: 14.052, 2022-09: 17.202, 2022-12: 22.961, 2023-03: 22.168, 2023-06: 19.516, 2023-09: 31.711, 2023-12: 35.205, 2024-03: 28.214, 2024-06: 33.71, 2024-09: 24.528, 2024-12: 27.224, 2025-03: 30.23, 2025-06: 35.489, 2025-09: 30.815,
Risk via 10d forecast
Volatility 21.6%
Value at Risk 5%th 34.6%
Relative Tail Risk -2.44%
Reward TTM
Sharpe Ratio 0.13
Alpha -5.81
Character TTM
Hurst Exponent 0.621
Beta 0.663
Beta Downside 0.794
Drawdowns 3y
Max DD 23.94%
Mean DD 4.22%
Median DD 2.95%

Description: FDUS Fidus Investment October 22, 2025

Fidus Investment Corp. (NASDAQ: FDUS) operates as a Business Development Company (BDC) that targets lower-middle-market U.S. companies, deploying capital primarily through minority equity stakes coupled with board observation rights. Its investment scope spans leveraged buyouts, refinancings, recapitalizations, mezzanine financing, and various debt instruments (senior secured, unitranche, subordinated, and second-lien loans), but it explicitly avoids turnaround or distressed situations.

The firm concentrates on eight core sectors-Aerospace & Defense, Business Services, Consumer Products & Services (including retail, food, and beverage), Healthcare Products & Services, Industrial Products & Services, Information Technology Services, Niche Manufacturing, and Transportation & Logistics/Value-Added Distribution. Typical transactions range from $5 million to $15 million in companies with $10 million–$150 million of annual revenue and $3 million–$20 million of EBITDA, though flexibility exists for out-of-range deals.

As of the most recent filing (Q2 2024), FDUS reported approximately $540 million in total assets and a net asset value (NAV) per share of $12.30, supporting a dividend yield near 9 %-a key attraction for income-focused investors. The BDC’s leverage ratio sits around 1.2×, reflecting a moderate risk profile that remains sensitive to the prevailing interest-rate environment; rising rates could compress financing spreads and pressure net interest income. Additionally, defense spending growth (projected FY 2025 FY2025 defense budget increase of ~3 %) and the ongoing digital transformation in IT services are macro-drivers that underpin the firm’s sector bets.

For a deeper quantitative comparison of FDUS’s valuation metrics and peer performance, you may find ValueRay’s analytics platform a useful next step.

FDUS Stock Overview

Market Cap in USD 719m
Sub-Industry Asset Management & Custody Banks
IPO / Inception 2011-06-21
Return 12m vs S&P 500 -7.10%
Analyst Rating 4.25 of 5

FDUS Dividends

Metric Value
Dividend Yield 13.48%
Yield on Cost 5y 34.16%
Yield CAGR 5y 16.14%
Payout Consistency 94.6%
Payout Ratio 98.6%

FDUS Growth Ratios

Metric Value
CAGR 3y 11.98%
CAGR/Max DD Calmar Ratio 0.50
CAGR/Mean DD Pain Ratio 2.84
Current Volume 212.8k
Average Volume 177.9k

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (79.9m TTM) > 0 and > 6% of Revenue (6% = 7.43m TTM)
FCFTA -0.01 (>2.0%) and ΔFCFTA 2.30pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 66.31% (prev 54.94%; Δ 11.38pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.01 (>3.0%) and CFO -6.87m <= Net Income 79.9m (YES >=105%, WARN >=100%)
Net Debt (122.6m) to EBITDA (98.0m) ratio: 1.25 <= 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 84.67% (prev 81.93%; Δ 2.74pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 10.15% (prev 10.48%; Δ -0.33pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 1.89 (EBITDA TTM 98.0m / Interest Expense TTM 26.6m) >= 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
(C) 0.04 = EBIT TTM 50.4m / Avg Total Assets 1.22b
(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) 48.29

1. Piotroski 3.0pt
2. FCF Yield -0.82%
3. FCF Margin -5.55%
4. Debt/Equity 0.26
5. Debt/Ebitda 1.25
6. ROIC - WACC (= -3.46)%
7. RoE 11.68%
8. Rev. Trend 57.46%
9. EPS Trend -40.79%

What is the price of FDUS shares?

As of November 23, 2025, the stock is trading at USD 19.43 with a total of 212,778 shares traded.
Over the past week, the price has changed by -1.62%, over one month by -5.22%, over three months by -5.89% and over the past year by +4.38%.

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 13.2%
Analysts Target Price 22 13.2%
ValueRay Target Price 23.4 20.2%

FDUS Fundamental Data Overview November 17, 2025

Market Cap USD = 719.4m (719.4m USD * 1.0 USD.USD)
P/E Trailing = 8.4402
P/E Forward = 10.3842
P/S = 4.759
P/B = 1.0108
P/EG = 3.59
Beta = 0.734
Revenue TTM = 123.8m USD
EBIT TTM = 50.4m USD
EBITDA TTM = 98.0m 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 = 842.1m USD (719.4m + Debt 185.0m - CCE 62.3m)
Interest Coverage Ratio = 1.89 (Ebit TTM 50.4m / Interest Expense TTM 26.6m)
FCF Yield = -0.82% (FCF TTM -6.87m / Enterprise Value 842.1m)
FCF Margin = -5.55% (FCF TTM -6.87m / Revenue TTM 123.8m)
Net Margin = 64.56% (Net Income TTM 79.9m / Revenue TTM 123.8m)
Gross Margin = 84.67% ((Revenue TTM 123.8m - Cost of Revenue TTM 19.0m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 80.15%)
Tobins Q-Ratio = 0.66 (Enterprise Value 842.1m / Total Assets 1.28b)
Interest Expense / Debt = 4.14% (Interest Expense 7.65m / Debt 185.0m)
Taxrate = 2.25% (399.0k / 17.8m)
NOPAT = 49.3m (EBIT 50.4m * (1 - 2.25%))
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 = 1.25 (Net Debt 122.6m / EBITDA 98.0m)
Debt / FCF = -17.86 (negative FCF - burning cash) (Net Debt 122.6m / FCF TTM -6.87m)
Total Stockholder Equity = 684.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.25% (Net Income 79.9m / Total Assets 1.28b)
RoE = 11.68% (Net Income TTM 79.9m / Total Stockholder Equity 684.2m)
RoCE = 3.95% (EBIT 50.4m / Capital Employed (Total Assets 1.28b - Current Liab 746.0k))
RoIC = 4.10% (NOPAT 49.3m / Invested Capital 1.20b)
WACC = 7.56% (E(719.4m)/V(904.4m) * Re(8.46%) + D(185.0m)/V(904.4m) * Rd(4.14%) * (1-Tc(0.02)))
Discount Rate = 8.46% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 16.40%
Fair Price DCF = unknown (Cash Flow -6.87m)
EPS Correlation: -40.79 | EPS CAGR: -0.72% | SUE: 0.0 | # QB: 0
Revenue Correlation: 57.46 | Revenue CAGR: 11.29% | SUE: -0.60 | # QB: 0

Additional Sources for FDUS Stock

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