GOLUB CAPITAL BDC INC (GBDC) Stock Fundamental Analysis
NASDAQ:GBDC • US38173M1027
12.63 USD
-0.08 (-0.63%)
At close: Feb 13, 2026
12.63 USD
0 (0%)
After Hours: 2/13/2026, 8:12:55 PM
Taking everything into account, GBDC scores 4 out of 10 in our fundamental rating. 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 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- GBDC had positive earnings in the past year.
- GBDC had a positive operating cash flow in the past year.
- GBDC had positive earnings in each of the past 5 years.
- The reported operating cash flow has been mixed in the past 5 years: GBDC reported negative operating cash flow in multiple years.
1.2 Ratios
- The Return On Assets of GBDC (3.72%) is comparable to the rest of the industry.
- GBDC has a Return On Equity (8.46%) which is in line with its industry peers.
- Looking at the Return On Invested Capital, with a value of 3.56%, GBDC is in line with its industry, outperforming 50.00% of the companies in the same 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 84.45% of the companies in the same industry.
- In the last couple of years the Profit Margin of GBDC has grown nicely.
- The Operating Margin of GBDC (46.26%) is better than 83.19% of its industry peers.
- GBDC's Operating Margin has been stable in the last couple of years.
- Looking at the Gross Margin, with a value of 48.85%, GBDC is in line with its industry, outperforming 55.88% of the companies in the same industry.
- GBDC's Gross Margin has been stable in the last couple of years.
| 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. 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 0.64. This is a bad value and indicates that GBDC is not financially healthy and even has some risk of bankruptcy.
- GBDC's Altman-Z score of 0.64 is in line compared to the rest of the industry. GBDC outperforms 44.96% of its industry peers.
- GBDC has a debt to FCF ratio of 10.31. This is a negative value and a sign of low solvency as GBDC would need 10.31 years to pay back of all of its debts.
- The Debt to FCF ratio of GBDC (10.31) is better than 62.60% of 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's Debt to Equity ratio of 1.25 is on the low side compared to the rest of the industry. GBDC is outperformed by 62.18% 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
- A Current Ratio of 1.63 indicates that GBDC should not have too much problems paying its short term obligations.
- GBDC's Current ratio of 1.63 is fine compared to the rest of the industry. GBDC outperforms 71.85% 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 has a Quick ratio of 1.63. This is in the better half of the industry: GBDC outperforms 71.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 |
3. Growth
3.1 Past
- The earnings per share for GBDC have decreased by -9.42% in the last year.
- The Earnings Per Share has been growing slightly by 3.20% on average over the past years.
- The Revenue has grown by 9.80% in the past year. This is quite good.
- Measured over the past years, GBDC shows a very strong growth in Revenue. The Revenue has been growing by 23.84% on average per year.
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
- 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 Y3.62%
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
EPS Next 5YN/A
Revenue Next Year-8.61%
Revenue Next 2Y-7.2%
Revenue Next 3Y-5.33%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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
- With a Price/Earnings ratio of 10.10, the valuation of GBDC can be described as very reasonable.
- Compared to the rest of the industry, the Price/Earnings ratio of GBDC indicates a somewhat cheap valuation: GBDC is cheaper than 67.23% of the companies listed in the same industry.
- GBDC is valuated cheaply when we compare the Price/Earnings ratio to 27.97, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 9.50 indicates a reasonable valuation of GBDC.
- Based on the Price/Forward Earnings ratio, GBDC is valued a bit cheaper than 75.21% of the companies in the same industry.
- GBDC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.1 | ||
| Fwd PE | 9.5 |
4.2 Price Multiples
- GBDC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GBDC is cheaper than 84.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.03 | ||
| 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.
- GBDC's earnings are expected to decrease with -3.27% in the coming years. This may justify a cheaper valuation.
PEG (NY)2.79
PEG (5Y)3.16
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
5. Dividend
5.1 Amount
- GBDC has a Yearly Dividend Yield of 10.35%, which is a nice return.
- Compared to an average industry Dividend Yield of 6.15, 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 1.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.35% |
5.2 History
- The dividend of GBDC is nicely growing with an annual growth rate of 15.32%!
- 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
- GBDC pays out 104.18% of its income as dividend. 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.
DP104.18%
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
12.63
-0.08 (-0.63%)
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 Owners44.72%
Inst Owner Change1.63%
Ins Owners1.38%
Ins Owner Change0%
Market Cap3.32B
Revenue(TTM)857.08M
Net Income(TTM)330.58M
Analysts83.33
Price Target15.3 (21.14%)
Short Float %2.29%
Short Ratio3.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.35% |
Yearly Dividend1.56
Dividend Growth(5Y)15.32%
DP104.18%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
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)-1.64%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)-1.06%
EPS NY rev (1m)-0.59%
EPS NY rev (3m)-2.81%
Revenue NQ rev (1m)0.42%
Revenue NQ rev (3m)-4.13%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-4.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.1 | ||
| Fwd PE | 9.5 | ||
| P/S | 3.88 | ||
| P/FCF | 7.03 | ||
| P/OCF | 7.03 | ||
| P/B | 0.85 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.25
EY9.9%
EPS(NY)1.33
Fwd EY10.53%
FCF(TTM)1.8
FCFY14.23%
OCF(TTM)1.8
OCFY14.23%
SpS3.26
BVpS14.85
TBVpS14.85
PEG (NY)2.79
PEG (5Y)3.16
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 Y3.62%
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
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-7.2%
Revenue Next 3Y-5.33%
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 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 5 / 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.
What are the PE and PB ratios of GOLUB CAPITAL BDC INC (GBDC) stock?
The Price/Earnings (PE) ratio for GOLUB CAPITAL BDC INC (GBDC) is 10.1 and the Price/Book (PB) ratio is 0.85.
Is the dividend of GOLUB CAPITAL BDC INC sustainable?
The dividend rating of GOLUB CAPITAL BDC INC (GBDC) is 6 / 10 and the dividend payout ratio is 104.18%.