13.39 USD
-0.16 (-1.18%)
At close: Jan 30, 2026
13.37 USD
-0.02 (-0.15%)
Pre-Market: 2/2/2026, 4:00:46 AM
We assign a fundamental rating of 4 out of 10 to GBDC. GBDC was compared to 238 industry peers in the Capital Markets industry. While GBDC is still in line with the averages on profitability rating, there are concerns on its financial health. GBDC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year GBDC was profitable.
- GBDC had a negative operating cash flow in the past year.
- Each year in the past 5 years GBDC has been profitable.
- In multiple years GBDC reported negative operating cash flow during the last 5 years.
1.2 Ratios
- The Return On Assets of GBDC (4.20%) is better than 61.76% of its industry peers.
- GBDC has a Return On Equity of 9.46%. This is comparable to the rest of the industry: GBDC outperforms 57.98% of its industry peers.
- GBDC has a Return On Invested Capital of 3.53%. This is comparable 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
- Looking at the Profit Margin, with a value of 43.25%, GBDC belongs to the top of the industry, outperforming 87.82% of the companies in the same industry.
- In the last couple of years the Profit Margin of GBDC has grown nicely.
- GBDC has a better Operating Margin (45.57%) than 82.77% of its industry peers.
- GBDC's Operating Margin has been stable in the last couple of years.
- GBDC has a Gross Margin (48.12%) which is in line with its industry peers.
- 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
- Based on the Altman-Z score of 0.66, we must say that GBDC is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of GBDC (0.66) is comparable to the rest of the industry.
- GBDC has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of GBDC (1.23) is worse than 62.60% 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
- GBDC has a Current 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 Current ratio (0.97) which is comparable to the rest of the industry.
- A Quick Ratio of 0.97 indicates that GBDC may have some problems paying its short term obligations.
- GBDC's Quick ratio of 0.97 is in line compared to the rest of the industry. GBDC outperforms 41.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 0.71% over the past year.
- The Earnings Per Share has been growing slightly by 3.20% on average over the past years.
- GBDC shows a strong growth in Revenue. In the last year, 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
- GBDC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.27% yearly.
- 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
- 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
- Based on the Price/Earnings ratio of 9.43, the valuation of GBDC can be described as reasonable.
- Based on the Price/Earnings ratio, GBDC is valued a bit cheaper than 72.27% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.32. GBDC is valued rather cheaply when compared to this.
- Based on the Price/Forward Earnings ratio of 9.10, the valuation of GBDC can be described as reasonable.
- Based on the Price/Forward Earnings ratio, GBDC is valued a bit cheaper than 79.41% of the companies in the same industry.
- GBDC is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | 9.1 |
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 GBDC does not grow enough to justify the current Price/Earnings ratio.
- A cheap valuation may be justified as GBDC's earnings are expected to decrease with -3.27% in the coming years.
PEG (NY)2.61
PEG (5Y)2.95
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 11.51%, GBDC is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 6.02, 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 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.51% |
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.
- 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 97.76% of its income as dividend. 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.
DP97.76%
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
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 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.
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 9.43 and the Price/Book (PB) ratio is 0.89.
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 97.76%.