KBDC Stock Analysis: Kayne Anderson BDC | NYSE
Asset Management | NYSE, USA | Market Cap: 881m USD | 12M Return: -0% | US48662X1054 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.35M
Qual. Beats: 0
Rev. Trend: 93.6%
Qual. Beats: -2
Warnings
Tailwinds
No distinct edge detected
Seasonality 2.2 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.
Kayne Anderson BDC, Inc. (KBDC) is a Business Development Company (BDC) structured as an externally managed, closed-end, non-diversified investment company that operates under the regulatory framework of the Investment Company Act of 1940. The company focuses on providing financing to privately held middle-market companies, primarily through first lien senior secured, unitranche, and split-lien term loans, which it targets to comprise 80% to 90% of its portfolio. The remaining 10% to 20% of its portfolio is allocated to higher-yielding investments such as second lien loans, subordinated debt, high-yield bonds, CLO liabilities, and select equity securities.
BDCs are a regulated investment vehicle category created by Congress in 1980 to supply debt and equity capital to small and mid-sized private U.S. companies that often have limited access to traditional bank financing. As BDCs, these entities are generally required to invest at least 70% of their assets in qualifying private or thinly traded U.S. companies, and they typically distribute the majority of their taxable income to shareholders in order to maintain their pass-through tax status.
- Net interest income benefits from elevated SOFR and floating-rate loan exposure
- Middle-market credit quality holds, non-accruals remain near historic lows
- Portfolio growth driven by new originations and capital deployment pace
| Net Income: 74.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 4.37 > 1.0 |
| NWC/Revenue: 19.6k% < 20% (prev 12.47%; Δ 19.6k% < -1%) |
| CFO/TA 0.00 > 3% & CFO 85.2m > Net Income 74.5m |
| Net Debt (-13.3b) to EBITDA (1.64b): -8.11 < 3 |
| Current Ratio: 1.03k > 1.5 & < 3 |
| Outstanding Shares: last quarter (66.3m) vs 12m ago -6.42% < -2% |
| Gross Margin: 77.30% > 18% (prev 64.24%; Δ 13.07% > 0.5%) |
| Asset Turnover: 0.02% > 50% (prev 7.98%; Δ -7.96% > 0%) |
| Interest Coverage Ratio: 1.72 > 6 (EBIT TTM 134.8m / Interest Expense TTM 78.3m) |
| A: 0.02 (Total Current Assets 38.7b - Total Current Liabilities 37.7m) / Total Assets 2342b |
| B: -0.00 (Retained Earnings -23.3m / Total Assets 2342b) |
| C: 0.00 (EBIT TTM 134.8m / Avg Total Assets 1172b) |
| D: 0.83 (Book Value of Equity 1060b / Total Liabilities 1282b) |
| Altman-Z'' = 0.98 = BB |
As of August 23, 2026, the stock is trading at USD 13.36 with a total of 394,255 shares traded. Over the past week, the price has changed by -1.04%, over one month by -1.76%, over three months by -6.12% and over the past year by -0.04%.
Current recommended Stop Loss: 12.90 (which is 3.4% or 1.5 ATR below the current price).
Kayne Anderson BDC has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy KBDC.
- StrongBuy: 2
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 14.8 | 10.8% |
P/E Trailing = 12.2385
P/E Forward = 8.1699
P/S = 10.6846
P/B = 0.8301
Revenue TTM = 197.2m USD
EBIT TTM = 134.8m USD
EBITDA TTM = 1.64b USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 1.22b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -13.3b USD (calculated: Debt 1.22b - CCE 14.5b)
Enterprise Value = 880.9m USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 1.72 (Ebit TTM 134.8m / Interest Expense TTM 78.3m)
EV/FCF = -0.03x (Enterprise Value 880.9m / FCF TTM -29.6b)
FCF Yield = -3.36k% (FCF TTM -29.6b / Enterprise Value 880.9m)
FCF Margin = -15.0k% (FCF TTM -29.6b / Revenue TTM 197.2m)
Net Margin = 37.80% (Net Income TTM 74.5m / Revenue TTM 197.2m)
Gross Margin = 77.30% ((Revenue TTM 197.2m - Cost of Revenue TTM 44.8m) / Revenue TTM)
Gross Margin QoQ = 82.85% (prev 81.49%)
Tobins Q-Ratio = 0.00 (Enterprise Value 880.9m / Total Assets 2342b)
Interest Expense / Debt = 6.41% (Interest Expense 78.3m / Debt 1.22b)
Taxrate = 1.04% (787k / 75.3m)
NOPAT = 133.4m (EBIT 134.8m * (1 - 1.04%))
Current Ratio = 1.03k (out of range, set to none) (Total Current Assets 38.7b / Total Current Liabilities 37.7m)
Debt / Equity = 0.00 (Debt 1.22b / totalStockholderEquity, last quarter 1060b)
Debt / EBITDA = -8.11 (Net Debt -13.3b / EBITDA 1.64b)
Debt / FCF = 0.45 (negative FCF - burning cash) (Net Debt -13.3b / FCF TTM -29.6b)
Total Stockholder Equity = 266b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.01% (Net Income 74.5m / Total Assets 2342b)
RoE = 0.03% (Net Income TTM 74.5m / Total Stockholder Equity 266b)
RoCE = 0.01% (EBIT 134.8m / Capital Employed (Total Assets 2342b - Current Liab 37.7m))
RoIC = 0.01% (NOPAT 133.4m / Invested Capital 2342b)
WACC = 6.56% (E(880.9m)/V(2.10b) * Re(6.87%) + D(1.22b)/V(2.10b) * Rd(6.41%) * (1-Tc(0.01)))
Discount Rate = 6.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -17.35 | Cagr: 0.90%
[DCF] Fair Price = unknown (Cash Flow -29.6b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.48 | # QB: 0
Revenue Correlation: 93.64 | Revenue CAGR: 17.85% | SUE: -2.30 | # QB: -2
EPS current Quarter (2026-09-30): EPS=0.40 | Chg30d=-0.05% | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=1.63 | Chg30d=+0.02% | Revisions=+25% | GrowthEPS=-2.5% | GrowthRev=-3.3%
EPS next Year (2027-12-31): EPS=1.58 | Chg30d=-0.85% | Revisions=+25% | GrowthEPS=-3.1% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +17% (up=2, down=1)