GOLUB CAPITAL BDC INC (GBDC) Stock Fundamental Analysis
NASDAQ:GBDC • US38173M1027
12.6999 USD
-0.01 (-0.08%)
Last: Feb 13, 2026, 01:17 PM
GBDC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. There are concerns on the financial health of GBDC while its profitability can be described as average. GBDC has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
- 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
- GBDC has a Return On Assets (3.72%) which is comparable to the rest of the industry.
- GBDC's Return On Equity of 8.46% is in line compared to the rest of the industry. GBDC outperforms 52.52% of 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
- GBDC's Profit Margin of 38.57% is amongst the best of the industry. GBDC outperforms 84.45% of its industry peers.
- GBDC's Profit Margin has improved in the last couple of years.
- GBDC has a Operating Margin of 46.26%. This is amongst the best in the industry. GBDC outperforms 83.19% of its industry peers.
- In the last couple of years the Operating Margin of GBDC has remained more or less at the same level.
- GBDC has a Gross Margin (48.85%) 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 | 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
- 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.
- 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.
- 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.
- Looking at the Debt to FCF ratio, with a value of 10.31, GBDC is in the better half of the industry, outperforming 62.60% of the companies in the same industry.
- A Debt/Equity ratio of 1.25 is on the high side and indicates that GBDC has dependencies on debt financing.
- GBDC has a worse Debt to Equity ratio (1.25) than 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.
- The Current ratio of GBDC (1.63) is better than 71.85% of its industry peers.
- A Quick Ratio of 1.63 indicates that GBDC should not have too much problems paying its short term obligations.
- With a decent Quick ratio value of 1.63, GBDC is doing good in the industry, outperforming 71.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 |
3. Growth
3.1 Past
- GBDC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.42%.
- The Earnings Per Share has been growing slightly by 3.20% on average over the past years.
- GBDC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.80%.
- 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
- Based on estimates for the next years, GBDC will show a decrease in Earnings Per Share. The EPS will decrease by -3.27% on average per year.
- The Revenue is expected to decrease by -5.33% on average over the next years.
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.
- 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. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 10.16 indicates a reasonable valuation of GBDC.
- GBDC's Price/Earnings ratio is a bit cheaper when compared to the industry. GBDC is cheaper than 67.23% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.67, GBDC is valued rather cheaply.
- GBDC is valuated reasonably with a Price/Forward Earnings ratio of 9.55.
- GBDC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GBDC is cheaper than 75.21% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 27.69, GBDC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.16 | ||
| Fwd PE | 9.55 |
4.2 Price Multiples
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of GBDC indicates a rather cheap valuation: GBDC is cheaper than 84.03% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.07 | ||
| 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)2.81
PEG (5Y)3.17
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 10.35%, GBDC is a good candidate for dividend investing.
- GBDC's Dividend Yield is a higher than the industry average which is at 6.12.
- Compared to an average S&P500 Dividend Yield of 1.80, GBDC pays a better dividend.
| 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 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
- 104.18% 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.
DP104.18%
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
NASDAQ:GBDC (2/13/2026, 1:17:07 PM)
12.6999
-0.01 (-0.08%)
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 Cap3.34B
Revenue(TTM)857.08M
Net Income(TTM)330.58M
Analysts83.33
Price Target15.3 (20.47%)
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 | 10.16 | ||
| Fwd PE | 9.55 | ||
| 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
EY9.84%
EPS(NY)1.33
Fwd EY10.47%
FCF(TTM)1.8
FCFY14.15%
OCF(TTM)1.8
OCFY14.15%
SpS3.26
BVpS14.85
TBVpS14.85
PEG (NY)2.81
PEG (5Y)3.17
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 10.16 and the Price/Book (PB) ratio is 0.86.
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%.