(GBDC) Golub Capital BDC - Ratings and Ratios
Senior Debt, Mezzanine Loans, Subordinated Debt, Minority Equity
GBDC EPS (Earnings per Share)
GBDC Revenue
Description: GBDC Golub Capital BDC
Golub Capital BDC, Inc. (GBDC) is a business development company that invests in debt and minority equity investments in middle-market companies, primarily sponsored by private equity investors. Its investment portfolio is diversified across various industries, including consumer services, healthcare, technology, and leisure.
As a business development company, GBDCs primary objective is to generate income and capital appreciation through its investments. To achieve this, it focuses on investing in senior secured, unitranche, and junior debt, as well as equity investments in middle-market companies. The companys investment strategy is centered around providing financing to companies with strong growth potential, often in conjunction with private equity sponsors.
Some key performance indicators (KPIs) to evaluate GBDCs performance include its net investment income (NII), net asset value (NAV) per share, and dividend yield. GBDCs NII has historically been a key driver of its dividend payments, and its NAV per share provides insight into the companys underlying asset value. Additionally, GBDCs dividend yield is an important metric, as it is a key consideration for income-focused investors. As of the latest available data, GBDCs dividend yield is around 9-10%, which is relatively attractive compared to other income-generating investment options.
To further assess GBDCs investment potential, its essential to examine its portfolio composition, credit quality, and interest rate risk. The companys portfolio is diversified across various industries and investment types, which helps mitigate credit risk. However, as an externally managed investment company, GBDC is subject to interest rate risk, which can impact its NII and dividend payments. Investors should closely monitor GBDCs interest rate hedging strategies and overall portfolio risk profile to ensure alignment with their investment objectives.
GBDC Stock Overview
| Market Cap in USD | 3,926m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2010-04-15 |
GBDC Stock Ratings
| Growth Rating | 67.8% |
| Fundamental | 69.4% |
| Dividend Rating | 87.6% |
| Return 12m vs S&P 500 | -6.0% |
| Analyst Rating | 4.0 of 5 |
GBDC Dividends
| Dividend Yield 12m | 10.95% |
| Yield on Cost 5y | 19.78% |
| Annual Growth 5y | 9.24% |
| Payout Consistency | 95.4% |
| Payout Ratio | 103.6% |
GBDC Growth Ratios
| Growth Correlation 3m | 26.5% |
| Growth Correlation 12m | 60.2% |
| Growth Correlation 5y | 85.9% |
| CAGR 5y | 12.94% |
| CAGR/Max DD 5y | 0.67 |
| Sharpe Ratio 12m | 0.65 |
| Alpha | -0.66 |
| Beta | 0.559 |
| Volatility | 13.36% |
| Current Volume | 1087.3k |
| Average Volume 20d | 1050.1k |
| Stop Loss | 14.4 (-3.5%) |
| Signal | 2.37 |
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (375.6m TTM) > 0 and > 6% of Revenue (6% = 43.6m TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA -3.45pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 25.53% (prev 30.13%; Δ -4.60pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.06 (>3.0%) and CFO -579.7m <= Net Income 375.6m (YES >=105%, WARN >=100%) |
| Net Debt (-170.9m) to EBITDA (653.9m) ratio: -0.26 <= 3.0 (WARN <= 3.5) |
| Current Ratio 4.32 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (266.8m) change vs 12m ago 33.44% (target <= -2.0% for YES) |
| Gross Margin 65.28% (prev 62.84%; Δ 2.44pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 8.21% (prev 5.68%; Δ 2.53pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.34 (EBITDA TTM 653.9m / Interest Expense TTM 279.4m) >= 6 (WARN >= 3) |
Altman Z'' 0.51
| (A) 0.02 = (Total Current Assets 241.7m - Total Current Liabilities 56.0m) / Total Assets 9.24b |
| (B) -0.02 = Retained Earnings (Balance) -207.9m / Total Assets 9.24b |
| (C) 0.07 = EBIT TTM 653.9m / Avg Total Assets 8.86b |
| (D) -0.04 = Book Value of Equity -207.6m / Total Liabilities 5.24b |
| Total Rating: 0.51 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 69.35
| 1. Piotroski 4.0pt = -1.0 |
| 2. FCF Yield 4.07% = 2.04 |
| 3. FCF Margin 47.30% = 7.50 |
| 4. Debt/Equity 1.17 = 1.85 |
| 5. Debt/Ebitda 7.17 = -2.50 |
| 6. ROIC - WACC 2.86% = 3.57 |
| 7. RoE 9.35% = 0.78 |
| 8. Rev. Trend 27.32% = 1.37 |
| 9. Rev. CAGR 24.53% = 2.50 |
| 10. EPS Trend 29.96% = 0.75 |
| 11. EPS CAGR 104.3% = 2.50 |
What is the price of GBDC shares?
Over the past week, the price has changed by +0.95%, over one month by -0.86%, over three months by +0.21% and over the past year by +9.95%.
Is Golub Capital BDC a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of GBDC is around 16.91 USD . This means that GBDC is currently undervalued and has a potential upside of +13.34% (Margin of Safety).
Is GBDC a buy, sell or hold?
- Strong Buy: 2
- Buy: 1
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the GBDC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 15.3 | 2.2% |
| Analysts Target Price | 15.3 | 2.2% |
| ValueRay Target Price | 18.2 | 21.8% |
Last update: 2025-08-18 02:03
GBDC Fundamental Data Overview
CCE Cash And Equivalents = 170.9m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 10.3803
P/E Forward = 9.9602
P/S = 4.4753
P/B = 0.9827
P/EG = 1.51
Beta = 0.534
Revenue TTM = 727.1m USD
EBIT TTM = 653.9m USD
EBITDA TTM = 653.9m USD
Long Term Debt = 4.64b USD (from nonCurrentLiabilitiesTotal, last fiscal year)
Short Term Debt = 56.0m USD (from totalCurrentLiabilities, last fiscal year)
Debt = 4.69b USD (Calculated: Short Term 56.0m + Long Term 4.64b)
Net Debt = -170.9m USD (from netDebt column, last quarter)
Enterprise Value = 8.45b USD (3.93b + Debt 4.69b - CCE 170.9m)
Interest Coverage Ratio = 2.34 (Ebit TTM 653.9m / Interest Expense TTM 279.4m)
FCF Yield = 4.07% (FCF TTM 343.9m / Enterprise Value 8.45b)
FCF Margin = 47.30% (FCF TTM 343.9m / Revenue TTM 727.1m)
Net Margin = 51.65% (Net Income TTM 375.6m / Revenue TTM 727.1m)
Gross Margin = 65.28% ((Revenue TTM 727.1m - Cost of Revenue TTM 252.4m) / Revenue TTM)
Tobins Q-Ratio = -40.69 (set to none) (Enterprise Value 8.45b / Book Value Of Equity -207.6m)
Interest Expense / Debt = 1.51% (Interest Expense 70.7m / Debt 4.69b)
Taxrate = 0.21% (from yearly Income Tax Expense: 575.0k / 274.4m)
NOPAT = 652.6m (EBIT 653.9m * (1 - 0.21%))
Current Ratio = 4.32 (Total Current Assets 241.7m / Total Current Liabilities 56.0m)
Debt / Equity = 1.17 (Debt 4.69b / last Quarter total Stockholder Equity 4.00b)
Debt / EBITDA = 7.17 (Net Debt -170.9m / EBITDA 653.9m)
Debt / FCF = 13.64 (Debt 4.69b / FCF TTM 343.9m)
Total Stockholder Equity = 4.02b (last 4 quarters mean)
RoA = 4.07% (Net Income 375.6m, Total Assets 9.24b )
RoE = 9.35% (Net Income TTM 375.6m / Total Stockholder Equity 4.02b)
RoCE = 7.56% (Ebit 653.9m / (Equity 4.02b + L.T.Debt 4.64b))
RoIC = 7.35% (NOPAT 652.6m / Invested Capital 8.87b)
WACC = 4.50% (E(3.93b)/V(8.62b) * Re(8.07%)) + (D(4.69b)/V(8.62b) * Rd(1.51%) * (1-Tc(0.00)))
Shares Correlation 5-Years: 70.0 | Cagr: 11.92%
Discount Rate = 8.07% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 70.37% ; FCFE base≈449.6m ; Y1≈295.2m ; Y5≈135.0m
Fair Price DCF = 9.92 (DCF Value 2.64b / Shares Outstanding 266.4m; 5y FCF grow -40.0% → 3.0% )
Revenue Correlation: 27.32 | Revenue CAGR: 24.53%
Rev Growth-of-Growth: 44.99
EPS Correlation: 29.96 | EPS CAGR: 104.3%
EPS Growth-of-Growth: -46.32
Additional Sources for GBDC Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle