GOLUB CAPITAL BDC INC (GBDC) Fundamental Analysis & Valuation

NASDAQ:GBDC • US38173M1027

Current stock price

13.42 USD
+0.02 (+0.15%)
At close:
13.44 USD
+0.02 (+0.15%)
After Hours:

This GBDC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. GBDC Profitability Analysis

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.
GBDC Yearly Net Income VS EBIT VS OCF VS FCFGBDC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M

1.2 Ratios

  • With a decent Return On Assets value of 3.72%, GBDC is doing good in the industry, outperforming 61.09% of the companies in the same industry.
  • With a Return On Equity value of 8.46%, GBDC perfoms like the industry average, outperforming 51.46% of the companies in the same industry.
  • GBDC has a Return On Invested Capital (3.56%) which is comparable to the rest of the industry.
Industry RankSector 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
GBDC Yearly ROA, ROE, ROICGBDC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

1.3 Margins

  • GBDC's Profit Margin of 38.57% is amongst the best of the industry. GBDC outperforms 84.10% of its industry peers.
  • In the last couple of years the Profit Margin of GBDC has grown nicely.
  • The Operating Margin of GBDC (46.26%) is better than 84.52% of its industry peers.
  • GBDC's Operating Margin has been stable in the last couple of years.
  • GBDC's Gross Margin of 48.85% is in line compared to the rest of the industry. GBDC outperforms 55.65% of its industry peers.
  • GBDC's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
GBDC Yearly Profit, Operating, Gross MarginsGBDC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80 100

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3

2. GBDC Health Analysis

2.1 Basic Checks

  • GBDC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
GBDC Yearly Shares OutstandingGBDC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
GBDC Yearly Total Debt VS Total AssetsGBDC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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.
  • GBDC has a Altman-Z score of 0.66. This is comparable to the rest of the industry: GBDC outperforms 46.86% 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 line with its industry, outperforming 59.83% 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's Debt to Equity ratio of 1.25 is on the low side compared to the rest of the industry. GBDC is outperformed by 62.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF 10.31
Altman-Z 0.66
ROIC/WACCN/A
WACCN/A
GBDC Yearly LT Debt VS Equity VS FCFGBDC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 1.63 indicates that GBDC should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.63, GBDC is in the better half of the industry, outperforming 69.87% of the companies in the same industry.
  • A Quick Ratio of 1.63 indicates that GBDC should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.63, GBDC is in the better half of the industry, outperforming 69.87% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.63
Quick Ratio 1.63
GBDC Yearly Current Assets VS Current LiabilitesGBDC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. GBDC Growth Analysis

3.1 Past

  • GBDC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.42%.
  • GBDC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.20% yearly.
  • The Revenue has grown by 9.80% in the past year. This is quite good.
  • The Revenue has been growing by 23.84% on average over the past years. This is a very strong growth!
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 -1.76% on average over the next years.
  • The Revenue is expected to decrease by -4.53% on average over the next years.
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GBDC Yearly Revenue VS EstimatesGBDC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M
GBDC Yearly EPS VS EstimatesGBDC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

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5

4. GBDC Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.74 indicates a reasonable valuation of GBDC.
  • Compared to the rest of the industry, the Price/Earnings ratio of GBDC indicates a somewhat cheap valuation: GBDC is cheaper than 63.18% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.91. GBDC is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 10.09 indicates a reasonable valuation of GBDC.
  • Based on the Price/Forward Earnings ratio, GBDC is valued a bit cheaper than 69.04% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of GBDC to the average of the S&P500 Index (21.99), we can say GBDC is valued rather cheaply.
Industry RankSector Rank
PE 10.74
Fwd PE 10.09
GBDC Price Earnings VS Forward Price EarningsGBDC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, GBDC is valued a bit cheaper than the industry average as 78.66% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.47
EV/EBITDA N/A
GBDC Per share dataGBDC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The decent profitability rating of GBDC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.35
EPS Next 2Y-3.24%
EPS Next 3Y-1.76%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. GBDC Dividend Analysis

5.1 Amount

  • GBDC has a Yearly Dividend Yield of 10.08%, which is a nice return.
  • GBDC's Dividend Yield is a higher than the industry average which is at 6.53.
  • GBDC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 10.08%

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.
Dividend Growth(5Y)15.32%
Div Incr Years0
Div Non Decr Years0
GBDC Yearly Dividends per shareGBDC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

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 Yearly Income VS Free CF VS DividendGBDC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M
GBDC Dividend Payout.GBDC Dividend Payout, showing the Payout Ratio.GBDC Dividend Payout.PayoutRetained Earnings

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GBDC Fundamentals: All Metrics, Ratios and Statistics

GOLUB CAPITAL BDC INC

NASDAQ:GBDC (4/28/2026, 8:00:01 PM)

After market: 13.44 +0.02 (+0.15%)

13.42

+0.02 (+0.15%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Industry Strength27.95
Industry Growth53.42
Earnings (Last)02-04
Earnings (Next)05-04
Inst Owners47.27%
Inst Owner Change0.34%
Ins Owners1.38%
Ins Owner Change0%
Market Cap3.53B
Revenue(TTM)857.08M
Net Income(TTM)330.58M
Analysts83.33
Price Target14.69 (9.46%)
Short Float %5.97%
Short Ratio5.68
Dividend
Industry RankSector Rank
Dividend Yield 10.08%
Yearly Dividend1.56
Dividend Growth(5Y)15.32%
DP104.18%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13
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)-0.3%
EPS NY rev (1m)-3.19%
EPS NY rev (3m)-8.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.28%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 10.74
Fwd PE 10.09
P/S 4.12
P/FCF 7.47
P/OCF 7.47
P/B 0.9
P/tB 0.9
EV/EBITDA N/A
EPS(TTM)1.25
EY9.31%
EPS(NY)1.33
Fwd EY9.91%
FCF(TTM)1.8
FCFY13.39%
OCF(TTM)1.8
OCFY13.39%
SpS3.26
BVpS14.85
TBVpS14.85
PEG (NY)N/A
PEG (5Y)3.35
Graham Number20.4371 (52.29%)
Profitability
Industry RankSector 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 RankSector 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 0.66
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 5 / 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%.