BBDC Stock Analysis: Barings BDC | NYSE
Asset Management | NYSE, USA | Market Cap: 905m USD | 12M Return: 12.4% | US06759L1035 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.57M
EPS Trend: -66.6%
Qual. Beats: 0
Rev. Trend: -59.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Barings BDC, Inc. (NYSE: BBDC) is an externally managed business development company (BDC) that primarily invests in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, and equity co-investments in private U.S. middle-market companies. The firm focuses on lower middle market, mature, and later stage businesses, typically those backed by private equity sponsors, with EBITDA between $10 million and $75 million. Its investment activities span mezzanine financing, leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations.
The company invests across a diverse range of industries, including manufacturing and distribution, business services and technology, transportation and logistics, and consumer products and services. As a BDC, Barings BDC is required to distribute the majority of its taxable income to shareholders, and it benefits from access to permanent capital through public equity markets while providing financing solutions that traditional banks may not offer to smaller, sponsor-backed borrowers.
- Floating-rate loan income rises with Fed rate hikes
- Middle market credit losses pressure net asset value
- External management fees compress net investment income margin
| Net Income: 87.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 14.87 > 1.0 |
| NWC/Revenue: -79.07% < 20% (prev 39.37%; Δ -118.4% < -1%) |
| CFO/TA 0.12 > 3% & CFO 304.7m > Net Income 87.1m |
| Net Debt (1.34b) to EBITDA (168.6m): 7.97 < 3 |
| Current Ratio: 0.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (104.7m) vs 12m ago -0.50% < -2% |
| Gross Margin: 76.17% > 18% (prev 56.75%; Δ 19.42% > 0.5%) |
| Asset Turnover: 9.55% > 50% (prev 7.12%; Δ 2.42% > 0%) |
| Interest Coverage Ratio: 1.84 > 6 (EBIT TTM 150.4m / Interest Expense TTM 81.6m) |
| A: -0.08 (Total Current Assets 114.5m - Total Current Liabilities 317.5m) / Total Assets 2.58b |
| B: -0.28 (Retained Earnings -718.4m / Total Assets 2.58b) |
| C: 0.06 (EBIT TTM 150.4m / Avg Total Assets 2.69b) |
| D: 0.80 (Book Value of Equity 1.15b / Total Liabilities 1.44b) |
| Altman-Z'' = -0.21 = B |
As of October 06, 2026, the stock is trading at USD 8.55 with a total of 538,753 shares traded. Over the past week, the price has changed by -1.04%, over one month by -3.50%, over three months by +3.12% and over the past year by +12.43%.
Current recommended Stop Loss: 8.20 (which is 4.1% or 2.1 ATR below the current price).
Barings BDC has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy BBDC.
- StrongBuy: 3
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 10 | 16.5% |
P/E Trailing = 10.5366
P/E Forward = 7.874
P/S = 3.3992
P/B = 0.7913
P/EG = 3.1449
Revenue TTM = 256.7m USD
EBIT TTM = 150.4m USD
EBITDA TTM = 168.6m USD
Long Term Debt = 1.12b USD (estimated: total debt 1.39b - short term 277.2m)
Short Term Debt = 277.2m USD (from shortTermDebt, last quarter)
Debt = 1.39b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.34b USD (calculated: Debt 1.39b - CCE 51.4m)
Enterprise Value = 2.25b USD (904.7m + Debt 1.39b - CCE 51.4m)
Interest Coverage Ratio = 1.84 (Ebit TTM 150.4m / Interest Expense TTM 81.6m)
EV/FCF = 7.38x (Enterprise Value 2.25b / FCF TTM 304.7m)
FCF Yield = 13.56% (FCF TTM 304.7m / Enterprise Value 2.25b)
FCF Margin = 118.7% (FCF TTM 304.7m / Revenue TTM 256.7m)
Net Margin = 33.94% (Net Income TTM 87.1m / Revenue TTM 256.7m)
Gross Margin = 76.17% ((Revenue TTM 256.7m - Cost of Revenue TTM 61.2m) / Revenue TTM)
Gross Margin QoQ = 84.61% (prev 75.07%)
Tobins Q-Ratio = 0.87 (Enterprise Value 2.25b / Total Assets 2.58b)
Interest Expense / Debt = 5.85% (Interest Expense 81.6m / Debt 1.39b)
Taxrate = 4.99% (4.58m / 91.7m)
NOPAT = 142.9m (EBIT 150.4m * (1 - 4.99%))
Current Ratio = 0.36 (Total Current Assets 114.5m / Total Current Liabilities 317.5m)
Debt / Equity = 1.22 (Debt 1.39b / totalStockholderEquity, last quarter 1.15b)
Debt / EBITDA = 7.97 (Net Debt 1.34b / EBITDA 168.6m)
Debt / FCF = 4.41 (Net Debt 1.34b / FCF TTM 304.7m)
Total Stockholder Equity = 1.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.24% (Net Income 87.1m / Total Assets 2.58b)
RoE = 7.53% (Net Income TTM 87.1m / Total Stockholder Equity 1.16b)
RoCE = 6.61% (EBIT 150.4m / Capital Employed (Equity 1.16b + L.T.Debt 1.12b))
RoIC = 5.64% (NOPAT 142.9m / Invested Capital 2.53b)
WACC = 6.43% (E(904.7m)/V(2.30b) * Re(7.78%) + D(1.39b)/V(2.30b) * Rd(5.85%) * (1-Tc(0.05)))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.44 | Cagr: -0.56%
[DCF] Terminal Value 75.44% ; FCFF base≈304.7m ; Y1≈306.0m ; Y5≈324.1m
[DCF] Fair Price = 35.32 (EV 5.04b - Net Debt 1.34b = Equity 3.70b / Shares 104.7m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -66.58 | EPS CAGR: -4.16% | SUE: 0.73 | # QB: 0
Revenue Correlation: -59.65 | Revenue CAGR: -8.88% | SUE: 0.73 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.26 | Chg30d=+6.08% | Revisions=+62% | Analysts=6
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=+5.77% | Revisions=+67% | GrowthEPS=-7.1% | GrowthRev=-9.1%
EPS next Year (2027-12-31): EPS=1.01 | Chg30d=+4.48% | Revisions=+44% | GrowthEPS=-2.9% | GrowthRev=+2.1%
[Analyst] Revisions Ratio: +75% (up=16, down=1)