GOLUB CAPITAL BDC INC (GBDC) Fundamental Analysis & Valuation
NASDAQ:GBDC • US38173M1027
Current stock price
12.71 USD
+0.13 (+1.03%)
At close:
12.69 USD
-0.02 (-0.16%)
Pre-Market:
This GBDC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. GBDC Profitability Analysis
1.1 Basic Checks
- GBDC had positive earnings in the past year.
- In the past year GBDC had a positive cash flow from operations.
- GBDC had positive earnings in each of the past 5 years.
- In multiple years GBDC reported negative operating cash flow during the last 5 years.
1.2 Ratios
- GBDC's Return On Assets of 3.72% is fine compared to the rest of the industry. GBDC outperforms 61.67% of its industry peers.
- GBDC has a Return On Equity (8.46%) which is in line with its industry peers.
- GBDC has a Return On Invested Capital (3.56%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 8.46% | ||
| ROIC | 3.56% |
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
- Looking at the Profit Margin, with a value of 38.57%, GBDC belongs to the top of the industry, outperforming 84.58% of the companies in the same industry.
- In the last couple of years the Profit Margin of GBDC has grown nicely.
- GBDC's Operating Margin of 46.26% is amongst the best of the industry. GBDC outperforms 84.58% of its industry peers.
- In the last couple of years the Operating Margin of GBDC has remained more or less at the same level.
- With a Gross Margin value of 48.85%, GBDC perfoms like the industry average, outperforming 56.25% of the companies in the same 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 | 46.26% | ||
| PM (TTM) | 38.57% | ||
| GM | 48.85% |
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. GBDC Health Analysis
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
- Based on the Altman-Z score of 0.64, we must say that GBDC is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.64, GBDC is in line with its industry, outperforming 45.00% of the companies in the same industry.
- The Debt to FCF ratio of GBDC is 10.31, which is on the high side as it means it would take GBDC, 10.31 years of fcf income to pay off all of its debts.
- GBDC has a Debt to FCF ratio (10.31) which is in line with its industry peers.
- GBDC has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
- GBDC has a worse Debt to Equity ratio (1.25) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 10.31 | ||
| Altman-Z | 0.64 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- GBDC has a Current Ratio of 1.63. This is a normal value and indicates that GBDC is financially healthy and should not expect problems in meeting its short term obligations.
- GBDC's Current ratio of 1.63 is fine compared to the rest of the industry. GBDC outperforms 70.00% of its industry peers.
- GBDC has a Quick Ratio of 1.63. This is a normal value and indicates that GBDC is financially healthy and should not expect problems in meeting its short term obligations.
- GBDC's Quick ratio of 1.63 is fine compared to the rest of the industry. GBDC outperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 |
3. GBDC Growth Analysis
3.1 Past
- The earnings per share for GBDC have decreased by -9.42% in the last year.
- 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 quite strong growth in Revenue. The Revenue has grown by 9.80% in the last year.
- GBDC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.84% yearly.
EPS 1Y (TTM)-9.42%
EPS 3Y16.42%
EPS 5Y3.2%
EPS Q2Q%-40.48%
Revenue 1Y (TTM)9.8%
Revenue growth 3Y30.95%
Revenue growth 5Y23.84%
Sales Q2Q%-5.89%
3.2 Future
- GBDC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.76% yearly.
- Based on estimates for the next years, GBDC will show a decrease in Revenue. The Revenue will decrease by -4.53% on average per year.
EPS Next Y-5.42%
EPS Next 2Y-3.24%
EPS Next 3Y-1.76%
EPS Next 5YN/A
Revenue Next Year-8.61%
Revenue Next 2Y-6.88%
Revenue Next 3Y-4.53%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. GBDC Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 10.17, which indicates a very decent valuation of GBDC.
- GBDC's Price/Earnings ratio is a bit cheaper when compared to the industry. GBDC is cheaper than 65.42% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.86, GBDC is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 9.56, the valuation of GBDC can be described as reasonable.
- Based on the Price/Forward Earnings ratio, GBDC is valued a bit cheaper than 69.58% of the companies in the same industry.
- GBDC is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.39, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.17 | ||
| Fwd PE | 9.56 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, GBDC is valued cheaply inside the industry as 80.83% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.07 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- GBDC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.18
EPS Next 2Y-3.24%
EPS Next 3Y-1.76%
5. GBDC Dividend Analysis
5.1 Amount
- GBDC has a Yearly Dividend Yield of 10.49%, which is a nice return.
- GBDC's Dividend Yield is a higher than the industry average which is at 6.65.
- GBDC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.49% |
5.2 History
- On average, the dividend of GBDC grows each year by 15.32%, which is quite nice.
- GBDC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)15.32%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 104.18% of the earnings are spent on dividend by GBDC. This is not a sustainable payout ratio.
- The Dividend Rate of GBDC has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP104.18%
EPS Next 2Y-3.24%
EPS Next 3Y-1.76%
GBDC Fundamentals: All Metrics, Ratios and Statistics
12.71
+0.13 (+1.03%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-04 2026-02-04/amc
Earnings (Next)05-04 2026-05-04
Inst Owners47.27%
Inst Owner Change0.07%
Ins Owners1.38%
Ins Owner Change0%
Market Cap3.35B
Revenue(TTM)857.08M
Net Income(TTM)330.58M
Analysts83.33
Price Target14.69 (15.58%)
Short Float %5.58%
Short Ratio5.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.49% |
Yearly Dividend1.56
Dividend Growth(5Y)15.32%
DP104.18%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13 2026-03-13 (0.33)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-22.03%
Min EPS beat(2)-35.02%
Max EPS beat(2)-9.04%
EPS beat(4)0
Avg EPS beat(4)-21.41%
Min EPS beat(4)-35.02%
Max EPS beat(4)-9.04%
EPS beat(8)1
Avg EPS beat(8)-24.41%
EPS beat(12)3
Avg EPS beat(12)-15.91%
EPS beat(16)4
Avg EPS beat(16)-23.73%
Revenue beat(2)0
Avg Revenue beat(2)-2.38%
Min Revenue beat(2)-3.81%
Max Revenue beat(2)-0.96%
Revenue beat(4)0
Avg Revenue beat(4)-3.11%
Min Revenue beat(4)-6.55%
Max Revenue beat(4)-0.96%
Revenue beat(8)0
Avg Revenue beat(8)-4.88%
Revenue beat(12)3
Avg Revenue beat(12)-3.67%
Revenue beat(16)6
Avg Revenue beat(16)-2.79%
PT rev (1m)0%
PT rev (3m)-4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.14%
EPS NY rev (1m)-3.19%
EPS NY rev (3m)-9.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.17 | ||
| Fwd PE | 9.56 | ||
| P/S | 3.9 | ||
| P/FCF | 7.07 | ||
| P/OCF | 7.07 | ||
| P/B | 0.86 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.25
EY9.83%
EPS(NY)1.33
Fwd EY10.46%
FCF(TTM)1.8
FCFY14.14%
OCF(TTM)1.8
OCFY14.14%
SpS3.26
BVpS14.85
TBVpS14.85
PEG (NY)N/A
PEG (5Y)3.18
Graham Number20.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 8.46% | ||
| ROCE | 4.51% | ||
| ROIC | 3.56% | ||
| ROICexc | 3.6% | ||
| ROICexgc | 3.61% | ||
| OM | 46.26% | ||
| PM (TTM) | 38.57% | ||
| GM | 48.85% | ||
| FCFM | 55.2% |
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-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 10.31 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.5 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 143.13% | ||
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 | ||
| Altman-Z | 0.64 |
F-Score5
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)-9.42%
EPS 3Y16.42%
EPS 5Y3.2%
EPS Q2Q%-40.48%
EPS Next Y-5.42%
EPS Next 2Y-3.24%
EPS Next 3Y-1.76%
EPS Next 5YN/A
Revenue 1Y (TTM)9.8%
Revenue growth 3Y30.95%
Revenue growth 5Y23.84%
Sales Q2Q%-5.89%
Revenue Next Year-8.61%
Revenue Next 2Y-6.88%
Revenue Next 3Y-4.53%
Revenue Next 5YN/A
EBIT growth 1Y0.19%
EBIT growth 3Y26.87%
EBIT growth 5Y23.32%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y54.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y54.56%
OCF growth 3YN/A
OCF growth 5YN/A
GOLUB CAPITAL BDC INC / GBDC Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for GOLUB CAPITAL BDC INC?
ChartMill assigns a fundamental rating of 4 / 10 to GBDC.
What is the valuation status of GOLUB CAPITAL BDC INC (GBDC) stock?
ChartMill assigns a valuation rating of 6 / 10 to GOLUB CAPITAL BDC INC (GBDC). This can be considered as Fairly Valued.
How profitable is GOLUB CAPITAL BDC INC (GBDC) stock?
GOLUB CAPITAL BDC INC (GBDC) has a profitability rating of 6 / 10.
What is the earnings growth outlook for GOLUB CAPITAL BDC INC?
The Earnings per Share (EPS) of GOLUB CAPITAL BDC INC (GBDC) is expected to decline by -5.42% in the next year.
How sustainable is the dividend of GOLUB CAPITAL BDC INC (GBDC) stock?
The dividend rating of GOLUB CAPITAL BDC INC (GBDC) is 5 / 10 and the dividend payout ratio is 104.18%.