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 (Earnings per Share) of BBDC over the last years for every Quarter: "2020-09": 0.17, "2020-12": 0.19, "2021-03": 0.22, "2021-06": 0.22, "2021-09": 0.23, "2021-12": 0.23, "2022-03": 0.23, "2022-06": 0.29, "2022-09": 0.26, "2022-12": 0.34, "2023-03": 0.25, "2023-06": 0.31, "2023-09": 0.31, "2023-12": 0.31, "2024-03": 0.28, "2024-06": 0.39, "2024-09": 0.29, "2024-12": 0.28, "2025-03": 0.25, "2025-06": 0.28, "2025-09": 0.32,
EPS CAGR: -2.18%
EPS Trend: -15.4%
Last SUE: 1.33σ
Qual. Beats: 1

Revenue

Revenue of BBDC over the last years for every Quarter: 2020-09: 16.329142, 2020-12: 32.458116, 2021-03: 30.593, 2021-06: 39.504, 2021-09: 24.82, 2021-12: 23.422018, 2022-03: 43.757, 2022-06: 55.592, 2022-09: 56.306, 2022-12: 63.473, 2023-03: 67.204, 2023-06: 75.302, 2023-09: 70.846, 2023-12: 75.849, 2024-03: 69.807, 2024-06: 42.872, 2024-09: 48.043, 2024-12: 50.178, 2025-03: 54.867, 2025-06: 45.837, 2025-09: 26.784,
Revenue CAGR: -26.93%
Revenue Trend: -77.5%
Last SUE: -0.47σ
Qual. Beats: 0
Risk via 10d forecast
Volatility 18.3%
Value at Risk 5%th 29.1%
Relative Tail Risk -3.48%
Reward TTM
Sharpe Ratio -0.37
Alpha -14.68
Character TTM
Hurst Exponent 0.546
Beta 0.589
Beta Downside 0.571
Drawdowns 3y
Max DD 26.45%
Mean DD 6.37%
Median DD 4.46%

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 933m
Sub-Industry Asset Management & Custody Banks
IPO / Inception 2007-02-15
Return 12m vs S&P 500 -17.7%
Analyst Rating 4.40 of 5

BBDC Dividends

Metric Value
Dividend Yield 10.37%
Yield on Cost 5y 16.52%
Yield CAGR 5y 12.47%
Payout Consistency 93.3%
Payout Ratio 59.3%

BBDC Growth Ratios

Metric Value
CAGR 3y 9.50%
CAGR/Max DD Calmar Ratio 0.36
CAGR/Mean DD Pain Ratio 1.49
Current Volume 852.5k
Average Volume 503.6k

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (101.5m TTM) > 0 and > 6% of Revenue (6% = 10.7m TTM)
FCFTA 0.00 (>2.0%) and ΔFCFTA -7.82pp (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 0.00 (>3.0%) and CFO 534.0k <= 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
(C) 0.03 = EBIT TTM 81.0m / Avg Total Assets 2.71b
(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) 39.96

1. Piotroski 3.0pt
2. FCF Yield 0.02%
3. FCF Margin 0.30%
4. Debt/Equity 1.24
5. Debt/Ebitda 15.97
6. ROIC - WACC (= -1.24)%
7. RoE 8.60%
8. Rev. Trend -77.45%
9. EPS Trend -15.36%

What is the price of BBDC shares?

As of November 26, 2025, the stock is trading at USD 8.97 with a total of 852,544 shares traded.
Over the past week, the price has changed by +3.10%, over one month by -0.77%, over three months by -4.91% and over the past year by -5.86%.

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 9.9 9.8%
Analysts Target Price 9.9 9.8%
ValueRay Target Price 10.1 12.3%

BBDC Fundamental Data Overview November 25, 2025

Market Cap USD = 932.8m (932.8m USD * 1.0 USD.USD)
P/E Trailing = 9.2396
P/E Forward = 8.4459
P/S = 3.3092
P/B = 0.7994
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 = 2.31b USD (932.8m + Debt 1.45b - CCE 70.3m)
Interest Coverage Ratio = 0.95 (Ebit TTM 81.0m / Interest Expense TTM 85.0m)
FCF Yield = 0.02% (FCF TTM 534.0k / Enterprise Value 2.31b)
FCF Margin = 0.30% (FCF TTM 534.0k / 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 2.31b / 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 = 2901 (out of range, set to none) (Net Debt 1.55b / FCF TTM 534.0k)
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 = 4.06% (E(932.8m)/V(2.38b) * Re(8.18%) + D(1.45b)/V(2.38b) * Rd(1.48%) * (1-Tc(0.05)))
Discount Rate = 8.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.57%
[DCF Debug] Terminal Value 69.86% ; FCFE base≈82.0m ; Y1≈53.8m ; Y5≈24.6m
Fair Price DCF = 4.50 (DCF Value 473.0m / Shares Outstanding 105.2m; 5y FCF grow -40.0% → 3.0% )
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

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