Overview Dividends

(BBDC) Barings BDC - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US06759L1035

Senior Loans, Unitranche, Mezzanine, Equity Co-Investments

EPS (Earnings per Share)

EPS Growth (3y CAGR): -2.18%
EPS Trend (3y Corr): -15.4%

Last SUE: 1.33σ
Qual. Beats: 1

Revenue

Revenue Growth (3y CAGR): -26.93%
Revenue Trend (3y Corr): -77.5%

Last SUE: -0.47σ
Qual. Beats: 0

Risk via 10d forecast
Volatility	18.7%
Value at Risk 5%th	29.7%
Relative Tail Risk	-3.53%

Reward TTM
Sharpe Ratio	-0.36
Alpha	-15.09

Character TTM
Hurst Exponent	0.526
Beta	0.589
Beta Downside	0.571

Drawdowns 3y
Max DD	26.45%
Mean DD	6.33%
Median DD	4.44%

Description: BBDC Barings BDC November 17, 2025

Barings BDC, Inc. (NYSE:BBDC) is an externally managed business development company that focuses on senior secured and mezzanine-type credit, as well as equity co-investments, in U.S. middle-market firms. Its target universe consists of privately held companies with EBITDA of $10 M–$75 M and revenues up to $200 M, often backed by private-equity sponsors, across sectors such as manufacturing, business services, technology, logistics, and consumer products.

Key market data (as of Q3 2024) shows BBDC trading at a ~10 % discount to its net asset value, while delivering an annualized dividend yield of roughly 9 %, reflecting its high-yield, credit-focused strategy. The firm’s performance is tightly linked to the health of the U.S. private-credit market, which has expanded by about 15 % YoY driven by sustained demand for non-bank financing in a low-interest-rate environment; however, a rise in Fed rates could compress spreads and increase default risk in the lower-middle-market segment.

For a deeper dive into BBDC’s valuation metrics and peer comparison, the ValueRay platform offers a data-rich view that can help you assess the risk-return profile.

BBDC Stock Overview

Market Cap in USD	940m
Sub-Industry	Asset Management & Custody Banks
IPO / Inception	2007-02-15
Return 12m vs S&P 500	-15.6%
Analyst Rating	4.40 of 5

BBDC Dividends

Metric	Value
Dividend Yield	10.48%
Yield on Cost 5y	16.73%
Yield CAGR 5y	12.47%
Payout Consistency	93.3%
Payout Ratio	59.3%

BBDC Growth Ratios

Metric	Value
CAGR 3y	9.57%
CAGR/Max DD Calmar Ratio	0.36
CAGR/Mean DD Pain Ratio	1.51
Current Volume	795.7k
Average Volume	476.1k

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (101.5m TTM) > 0 and > 6% of Revenue (6% = 10.7m TTM)

FCFTA -0.06 (>2.0%) and ΔFCFTA -15.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 6.93% (prev 43.67%; Δ -36.74pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.06 (>3.0%) and CFO -178.8m <= Net Income 101.5m (YES >=105%, WARN >=100%)

Net Debt (1.55b) to EBITDA (97.0m) ratio: 15.97 <= 3.0 (WARN <= 3.5)

Current Ratio 1.42 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (105.2m) change vs 12m ago -0.53% (target <= -2.0% for YES)

Gross Margin 64.28% (prev 67.93%; Δ -3.65pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 6.55% (prev 9.08%; Δ -2.53pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.95 (EBITDA TTM 97.0m / Interest Expense TTM 85.0m) >= 6 (WARN >= 3)

Altman Z'' -0.98

(A) 0.00 = (Total Current Assets 41.5m - Total Current Liabilities 29.2m) / Total Assets 2.82b

(B) -0.24 = Retained Earnings (Balance) -677.9m / Total Assets 2.82b

(D) -0.41 = Book Value of Equity -677.8m / Total Liabilities 1.66b

Total Rating: -0.98 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 36.00

1. Piotroski 3.0pt

2. FCF Yield -7.71%

3. FCF Margin data missing

4. Debt/Equity 1.24

5. Debt/Ebitda 15.97

6. ROIC - WACC (= -1.25)%

7. RoE 8.60%

8. Rev. Trend -77.45%

9. EPS Trend -15.36%

What is the price of BBDC shares?

As of November 23, 2025, the stock is trading at USD 8.87 with a total of 795,705 shares traded.
Over the past week, the price has changed by -0.78%, over one month by +1.72%, over three months by -5.09% and over the past year by -5.14%.

Is BBDC a buy, sell or hold?

Barings BDC has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy BBDC.

Strong Buy: 3
Buy: 1
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the BBDC price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	10	12.2%
Analysts Target Price	10	12.2%
ValueRay Target Price	10	12.4%

BBDC Fundamental Data Overview November 15, 2025

Market Cap USD = 940.1m (940.1m USD * 1.0 USD.USD)
P/E Trailing = 9.3125
P/E Forward = 8.5251
P/S = 3.3538
P/B = 0.8066
Beta = 0.676
Revenue TTM = 177.7m USD
EBIT TTM = 81.0m USD
EBITDA TTM = 97.0m USD
Long Term Debt = unknown (none)
Short Term Debt = 542.5m USD (from shortTermDebt, two quarters ago)
Debt = 1.45b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 1.55b USD (from netDebt column, last quarter)
Enterprise Value = 2.32b USD (940.1m + Debt 1.45b - CCE 70.3m)
Interest Coverage Ratio = 0.95 (Ebit TTM 81.0m / Interest Expense TTM 85.0m)
FCF Yield = -7.71% (FCF TTM -178.8m / Enterprise Value 2.32b)
FCF Margin = -100.6% (FCF TTM -178.8m / Revenue TTM 177.7m)
Net Margin = 57.14% (Net Income TTM 101.5m / Revenue TTM 177.7m)
Gross Margin = 64.28% ((Revenue TTM 177.7m - Cost of Revenue TTM 63.5m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 51.62%)
Tobins Q-Ratio = 0.82 (Enterprise Value 2.32b / Total Assets 2.82b)
Interest Expense / Debt = 1.48% (Interest Expense 21.5m / Debt 1.45b)
Taxrate = 5.38% (1.34m / 24.9m)
NOPAT = 76.7m (EBIT 81.0m * (1 - 5.38%))
Current Ratio = 1.42 (Total Current Assets 41.5m / Total Current Liabilities 29.2m)
Debt / Equity = 1.24 (Debt 1.45b / totalStockholderEquity, last quarter 1.17b)
Debt / EBITDA = 15.97 (Net Debt 1.55b / EBITDA 97.0m)
Debt / FCF = -8.66 (negative FCF - burning cash) (Net Debt 1.55b / FCF TTM -178.8m)
Total Stockholder Equity = 1.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.60% (Net Income 101.5m / Total Assets 2.82b)
RoE = 8.60% (Net Income TTM 101.5m / Total Stockholder Equity 1.18b)
RoCE = 2.90% (EBIT 81.0m / Capital Employed (Total Assets 2.82b - Current Liab 29.2m))
RoIC = 2.82% (NOPAT 76.7m / Invested Capital 2.72b)
WACC = 4.07% (E(940.1m)/V(2.39b) * Re(8.19%) + D(1.45b)/V(2.39b) * Rd(1.48%) * (1-Tc(0.05)))
Discount Rate = 8.19% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.57%
Fair Price DCF = unknown (Cash Flow -178.8m)
EPS Correlation: -15.36 | EPS CAGR: -2.18% | SUE: 1.33 | # QB: 1
Revenue Correlation: -77.45 | Revenue CAGR: -26.93% | SUE: -0.47 | # QB: 0

Additional Sources for BBDC Stock

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