(BBDC) Barings BDC - Overview
Stock: Senior Loans, Unitranche Debt, Subordinated Debt, Equity Co-Investments
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.33% |
| Yield on Cost 5y | 11.92% |
| Yield CAGR 5y | -4.93% |
| Payout Consistency | 91.7% |
| Payout Ratio | 59.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 17.6% |
| Relative Tail Risk | -3.05% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.15 |
| Alpha | -13.04 |
| Character TTM | |
|---|---|
| Beta | 0.589 |
| Beta Downside | 0.586 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.45% |
| CAGR/Max DD | 0.44 |
Description: BBDC Barings BDC January 20, 2026
Barings BDC, Inc. (NYSE:BBDC) is a publicly-listed, externally-managed Business Development Company that invests primarily in senior secured debt and related instruments (unitranche, second-lien, subordinated debt) and selective equity co-investments in U.S. middle-market firms. Its target universe includes 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, transportation, logistics, and consumer products.
Key operating metrics (as of the most recent 10-K) show a portfolio net asset value (NAV) of roughly $1.3 billion, a weighted-average loan maturity of 4.2 years, and a leverage ratio of about 1.2× (total debt / EBITDA). The fund currently yields ~9.5% annualized dividend, reflecting its high-yield, credit-focused mandate. Primary economic drivers are U.S. interest-rate trends (which affect loan pricing and refinancing risk) and the pace of private-equity-sponsored deal flow that fuels middle-market financing demand.
If you want a data-rich, side-by-side comparison of BBDC’s valuation and risk profile, ValueRay’s analytics platform offers a quick way to drill deeper.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income: 101.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -7.82 > 1.0 |
| NWC/Revenue: 105.1% < 20% (prev 43.67%; Δ 61.39% < -1%) |
| CFO/TA 0.00 > 3% & CFO 534.0k > Net Income 101.5m |
| Net Debt (1.55b) to EBITDA (97.0m): 15.97 < 3 |
| Current Ratio: 10.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (105.2m) vs 12m ago -0.53% < -2% |
| Gross Margin: 64.28% > 18% (prev 0.68%; Δ 6360 % > 0.5%) |
| Asset Turnover: 6.55% > 50% (prev 9.08%; Δ -2.53% > 0%) |
| Interest Coverage Ratio: 0.95 > 6 (EBITDA TTM 97.0m / Interest Expense TTM 85.0m) |
Altman Z'' -0.58
| A: 0.07 (Total Current Assets 206.2m - Total Current Liabilities 19.5m) / Total Assets 2.82b |
| B: -0.24 (Retained Earnings -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) |
| Altman-Z'' Score: -0.58 = B |
What is the price of BBDC shares?
Over the past week, the price has changed by -1.19%, over one month by +1.22%, over three months by +3.98% and over the past year by -1.34%.
Is BBDC a buy, sell or hold?
- StrongBuy: 3
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the BBDC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 9.7 | 6.4% |
| Analysts Target Price | 9.7 | 6.4% |
| ValueRay Target Price | 10.4 | 13.9% |
BBDC Fundamental Data Overview January 26, 2026
P/E Forward = 8.4746
P/S = 3.4137
P/B = 0.8247
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 = 1.62b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.55b USD (from netDebt column, last quarter)
Enterprise Value = 2.51b USD (962.2m + Debt 1.62b - CCE 70.3m)
Interest Coverage Ratio = 0.95 (Ebit TTM 81.0m / Interest Expense TTM 85.0m)
EV/FCF = 1000.0x (Enterprise Value 2.51b / FCF TTM 534.0k)
FCF Yield = 0.02% (FCF TTM 534.0k / Enterprise Value 2.51b)
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 = 0.89 (Enterprise Value 2.51b / Total Assets 2.82b)
Interest Expense / Debt = 1.33% (Interest Expense 21.5m / Debt 1.62b)
Taxrate = 5.38% (1.34m / 24.9m)
NOPAT = 76.7m (EBIT 81.0m * (1 - 5.38%))
Current Ratio = 10.56 (Total Current Assets 206.2m / Total Current Liabilities 19.5m)
Debt / Equity = 1.39 (Debt 1.62b / 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 = 3.74% (Net Income 101.5m / Total Assets 2.82b)
RoE = 8.60% (Net Income TTM 101.5m / Total Stockholder Equity 1.18b)
RoCE = 2.89% (EBIT 81.0m / Capital Employed (Total Assets 2.82b - Current Liab 19.5m))
RoIC = 2.82% (NOPAT 76.7m / Invested Capital 2.72b)
WACC = 3.80% (E(962.2m)/V(2.58b) * Re(8.09%) + D(1.62b)/V(2.58b) * Rd(1.33%) * (1-Tc(0.05)))
Discount Rate = 8.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.57%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈82.0m ; Y1≈53.8m ; Y5≈24.6m
Fair Price DCF = N/A (negative equity: EV 782.7m - Net Debt 1.55b = -766.5m; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -28.56 | EPS CAGR: -44.46% | SUE: -4.0 | # QB: 0
Revenue Correlation: -4.62 | Revenue CAGR: 3.64% | SUE: -0.47 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.25 | Chg30d=-0.001 | Revisions Net=+2 | Analysts=5
EPS next Year (2026-12-31): EPS=0.98 | Chg30d=-0.006 | Revisions Net=-1 | Growth EPS=-12.7% | Growth Revenue=-7.7%