13.42 USD
+0.09 (+0.68%)
13.49 USD
+0.07 (+0.52%)
We assign a fundamental rating of 4 out of 10 to GBDC. GBDC was compared to 238 industry peers in the Capital Markets industry. GBDC has a medium profitability rating, but doesn't score so well on its financial health evaluation. GBDC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
GBDC had positive earnings in the past year.
In the past year GBDC has reported a negative cash flow from operations.
In the past 5 years GBDC has always been profitable.
In multiple years GBDC reported negative operating cash flow during the last 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.20%, GBDC is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
GBDC has a Return On Equity of 9.46%. This is comparable to the rest of the industry: GBDC outperforms 56.72% of its industry peers.
GBDC's Return On Invested Capital of 3.53% is in line compared to the rest of the industry. GBDC outperforms 49.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 9.46% | ||
| ROIC | 3.53% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
GBDC's Profit Margin of 43.25% is amongst the best of the industry. GBDC outperforms 86.97% of its industry peers.
In the last couple of years the Profit Margin of GBDC has grown nicely.
Looking at the Operating Margin, with a value of 45.57%, GBDC belongs to the top of the industry, outperforming 82.77% of the companies in the same industry.
GBDC's Operating Margin has been stable in the last couple of years.
The Gross Margin of GBDC (48.12%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of GBDC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.57% | ||
| PM (TTM) | 43.25% | ||
| GM | 48.12% |
OM growth 3Y-3.11%
OM growth 5Y-0.41%
PM growth 3Y3.02%
PM growth 5Y18.69%
GM growth 3Y-3.37%
GM growth 5Y-0.96%
2. Health
2.1 Basic Checks
There is no outstanding debt for GBDC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
GBDC has an Altman-Z score of 0.66. This is a bad value and indicates that GBDC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.66, GBDC perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
A Debt/Equity ratio of 1.23 is on the high side and indicates that GBDC has dependencies on debt financing.
GBDC's Debt to Equity ratio of 1.23 is on the low side compared to the rest of the industry. GBDC is outperformed by 63.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.66 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.97 indicates that GBDC may have some problems paying its short term obligations.
With a Current ratio value of 0.97, GBDC perfoms like the industry average, outperforming 40.76% of the companies in the same industry.
GBDC has a Quick Ratio of 0.97. This is a bad value and indicates that GBDC is not financially healthy enough and could expect problems in meeting its short term obligations.
GBDC has a Quick ratio of 0.97. This is comparable to the rest of the industry: GBDC outperforms 44.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
GBDC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.71%.
Measured over the past 5 years, GBDC shows a small growth in Earnings Per Share. The EPS has been growing by 3.20% on average per year.
Looking at the last year, GBDC shows a very strong growth in Revenue. The Revenue has grown by 20.16%.
GBDC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.84% yearly.
EPS 1Y (TTM)0.71%
EPS 3Y16.42%
EPS 5Y3.2%
EPS Q2Q%0%
Revenue 1Y (TTM)20.16%
Revenue growth 3Y30.95%
Revenue growth 5Y23.84%
Sales Q2Q%-2.93%
3.2 Future
The Earnings Per Share is expected to decrease by -3.27% on average over the next years.
Based on estimates for the next years, GBDC will show a decrease in Revenue. The Revenue will decrease by -5.33% on average per year.
EPS Next Y4.23%
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
EPS Next 5YN/A
Revenue Next Year-8.39%
Revenue Next 2Y-6.21%
Revenue Next 3Y-5.33%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.45 indicates a reasonable valuation of GBDC.
74.79% of the companies in the same industry are more expensive than GBDC, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.59. GBDC is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 9.07, the valuation of GBDC can be described as very reasonable.
Based on the Price/Forward Earnings ratio, GBDC is valued a bit cheaper than the industry average as 78.15% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of GBDC to the average of the S&P500 Index (24.03), we can say GBDC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.45 | ||
| Fwd PE | 9.07 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A cheap valuation may be justified as GBDC's earnings are expected to decrease with -3.27% in the coming years.
PEG (NY)2.24
PEG (5Y)2.95
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
5. Dividend
5.1 Amount
GBDC has a Yearly Dividend Yield of 11.57%, which is a nice return.
Compared to an average industry Dividend Yield of 6.43, GBDC pays a bit more dividend than its industry peers.
GBDC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.57% |
5.2 History
On average, the dividend of GBDC grows each year by 15.32%, which is quite nice.
GBDC has been paying a dividend for at least 10 years, so it has a reliable track record.
GBDC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)15.32%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
97.76% of the earnings are spent on dividend by GBDC. This is not a sustainable payout ratio.
GBDC's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP97.76%
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
13.42
+0.09 (+0.68%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners44.47%
Inst Owner Change5.56%
Ins Owners6.4%
Ins Owner Change0%
Market Cap3.54B
Revenue(TTM)870.78M
Net Income(TTM)376.65M
Analysts81.82
Price Target15.3 (14.01%)
Short Float %2.61%
Short Ratio3.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.57% |
Yearly Dividend1.56
Dividend Growth(5Y)15.32%
DP97.76%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.18%
Min EPS beat(2)-13.33%
Max EPS beat(2)-9.04%
EPS beat(4)0
Avg EPS beat(4)-13.83%
Min EPS beat(4)-28.26%
Max EPS beat(4)-4.68%
EPS beat(8)1
Avg EPS beat(8)-21.1%
EPS beat(12)3
Avg EPS beat(12)-17.9%
EPS beat(16)5
Avg EPS beat(16)-20.23%
Revenue beat(2)0
Avg Revenue beat(2)-2.46%
Min Revenue beat(2)-3.81%
Max Revenue beat(2)-1.11%
Revenue beat(4)0
Avg Revenue beat(4)-4.41%
Min Revenue beat(4)-6.55%
Max Revenue beat(4)-1.11%
Revenue beat(8)1
Avg Revenue beat(8)-4.68%
Revenue beat(12)4
Avg Revenue beat(12)-3.47%
Revenue beat(16)6
Avg Revenue beat(16)-2.92%
PT rev (1m)-1.64%
PT rev (3m)-1.64%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)-0.68%
EPS NY rev (1m)-2.1%
EPS NY rev (3m)-0.9%
Revenue NQ rev (1m)-2.26%
Revenue NQ rev (3m)-4.53%
Revenue NY rev (1m)-4.66%
Revenue NY rev (3m)-4.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.45 | ||
| Fwd PE | 9.07 | ||
| P/S | 4.06 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.89 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.42
EY10.58%
EPS(NY)1.48
Fwd EY11.03%
FCF(TTM)-0.43
FCFYN/A
OCF(TTM)-0.43
OCFYN/A
SpS3.31
BVpS15.12
TBVpS15.12
PEG (NY)2.24
PEG (5Y)2.95
Graham Number21.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 9.46% | ||
| ROCE | 4.46% | ||
| ROIC | 3.53% | ||
| ROICexc | 3.53% | ||
| ROICexgc | 3.54% | ||
| OM | 45.57% | ||
| PM (TTM) | 43.25% | ||
| GM | 48.12% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-3.11%
OM growth 5Y-0.41%
PM growth 3Y3.02%
PM growth 5Y18.69%
GM growth 3Y-3.37%
GM growth 5Y-0.96%
F-Score4
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.42 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 0.66 |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.71%
EPS 3Y16.42%
EPS 5Y3.2%
EPS Q2Q%0%
EPS Next Y4.23%
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
EPS Next 5YN/A
Revenue 1Y (TTM)20.16%
Revenue growth 3Y30.95%
Revenue growth 5Y23.84%
Sales Q2Q%-2.93%
Revenue Next Year-8.39%
Revenue Next 2Y-6.21%
Revenue Next 3Y-5.33%
Revenue Next 5YN/A
EBIT growth 1Y3.43%
EBIT growth 3Y26.87%
EBIT growth 5Y23.32%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-133.03%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-133.03%
OCF growth 3YN/A
OCF growth 5YN/A
GOLUB CAPITAL BDC INC / GBDC FAQ
Can you provide the ChartMill fundamental rating for GOLUB CAPITAL BDC INC?
ChartMill assigns a fundamental rating of 4 / 10 to GBDC.
Can you provide the valuation status for GOLUB CAPITAL BDC INC?
ChartMill assigns a valuation rating of 4 / 10 to GOLUB CAPITAL BDC INC (GBDC). This can be considered as Fairly Valued.
What is the profitability of GBDC stock?
GOLUB CAPITAL BDC INC (GBDC) has a profitability rating of 5 / 10.
Can you provide the expected EPS growth for GBDC stock?
The Earnings per Share (EPS) of GOLUB CAPITAL BDC INC (GBDC) is expected to grow by 4.23% in the next year.
Can you provide the dividend sustainability for GBDC stock?
The dividend rating of GOLUB CAPITAL BDC INC (GBDC) is 6 / 10 and the dividend payout ratio is 97.76%.