13.46 USD
-0.02 (-0.15%)
13.5388 USD
+0.08 (+0.59%)
GBDC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 237 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
GBDC had positive earnings in the past year.
GBDC had a negative 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
With a decent Return On Assets value of 4.20%, GBDC is doing good in the industry, outperforming 64.29% of the companies in the same industry.
The Return On Equity of GBDC (9.46%) is comparable to the rest of the industry.
GBDC has a Return On Invested Capital (3.53%) which is in line with 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 86.97% 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 45.57% is amongst the best of the industry. GBDC outperforms 82.77% 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 (48.12%) 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.
GBDC has a Altman-Z score (0.66) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.23 is on the high side and indicates that GBDC has dependencies on debt financing.
The Debt to Equity ratio of GBDC (1.23) is worse than 63.03% 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.
The Current ratio of GBDC (0.97) is comparable to the rest of the industry.
GBDC has a Quick 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 Quick ratio of 0.97. This is comparable to the rest of the industry: GBDC outperforms 44.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
GBDC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.71%.
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 20.16% in the past year. This is a very strong growth!
The Revenue has been growing by 23.84% on average over the past years. This is a very strong growth!
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.
GBDC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.33% yearly.
EPS Next Y4.23%
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
EPS Next 5YN/A
Revenue Next Year-8.39%
Revenue Next 2Y-6.21%
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 9.48, the valuation of GBDC can be described as very reasonable.
73.95% of the companies in the same industry are more expensive than GBDC, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of GBDC to the average of the S&P500 Index (26.38), we can say GBDC is valued rather cheaply.
A Price/Forward Earnings ratio of 9.09 indicates a reasonable valuation of GBDC.
Based on the Price/Forward Earnings ratio, GBDC is valued a bit cheaper than 78.15% of the companies in the same industry.
GBDC is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.48 | ||
| Fwd PE | 9.09 |
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 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)2.24
PEG (5Y)2.96
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.57%, GBDC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.36, GBDC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, GBDC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.57% |
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 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-2.99%
EPS Next 3Y-3.27%
13.46
-0.02 (-0.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners44.47%
Inst Owner Change5.58%
Ins Owners6.4%
Ins Owner Change0%
Market Cap3.55B
Revenue(TTM)870.78M
Net Income(TTM)376.65M
Analysts81.82
Price Target15.3 (13.67%)
Short Float %2.61%
Short Ratio3.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.57% |
Yearly Dividend1.56
Dividend Growth(5Y)15.32%
DP97.76%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.18%
Min EPS beat(2)-13.33%
Max EPS beat(2)-9.04%
EPS beat(4)0
Avg EPS beat(4)-13.83%
Min EPS beat(4)-28.26%
Max EPS beat(4)-4.68%
EPS beat(8)1
Avg EPS beat(8)-21.1%
EPS beat(12)3
Avg EPS beat(12)-17.9%
EPS beat(16)5
Avg EPS beat(16)-20.23%
Revenue beat(2)0
Avg Revenue beat(2)-2.46%
Min Revenue beat(2)-3.81%
Max Revenue beat(2)-1.11%
Revenue beat(4)0
Avg Revenue beat(4)-4.41%
Min Revenue beat(4)-6.55%
Max Revenue beat(4)-1.11%
Revenue beat(8)1
Avg Revenue beat(8)-4.68%
Revenue beat(12)4
Avg Revenue beat(12)-3.47%
Revenue beat(16)6
Avg Revenue beat(16)-2.92%
PT rev (1m)-1.64%
PT rev (3m)-1.64%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)-0.68%
EPS NY rev (1m)-2.1%
EPS NY rev (3m)-0.9%
Revenue NQ rev (1m)-2.26%
Revenue NQ rev (3m)-4.53%
Revenue NY rev (1m)-4.66%
Revenue NY rev (3m)-4.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.48 | ||
| Fwd PE | 9.09 | ||
| P/S | 4.07 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.89 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.42
EY10.55%
EPS(NY)1.48
Fwd EY11%
FCF(TTM)-0.43
FCFYN/A
OCF(TTM)-0.43
OCFYN/A
SpS3.31
BVpS15.12
TBVpS15.12
PEG (NY)2.24
PEG (5Y)2.96
Graham Number21.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 9.46% | ||
| ROCE | 4.46% | ||
| ROIC | 3.53% | ||
| ROICexc | 3.53% | ||
| ROICexgc | 3.54% | ||
| OM | 45.57% | ||
| PM (TTM) | 43.25% | ||
| GM | 48.12% | ||
| FCFM | N/A |
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-Score4
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.42 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 0.66 |
F-Score4
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)0.71%
EPS 3Y16.42%
EPS 5Y3.2%
EPS Q2Q%0%
EPS Next Y4.23%
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
EPS Next 5YN/A
Revenue 1Y (TTM)20.16%
Revenue growth 3Y30.95%
Revenue growth 5Y23.84%
Sales Q2Q%-2.93%
Revenue Next Year-8.39%
Revenue Next 2Y-6.21%
Revenue Next 3Y-5.33%
Revenue Next 5YN/A
EBIT growth 1Y3.43%
EBIT growth 3Y26.87%
EBIT growth 5Y23.32%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-133.03%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-133.03%
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.
Can you provide the valuation status for GOLUB CAPITAL BDC INC?
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.
Can you provide the expected EPS growth for GBDC stock?
The Earnings per Share (EPS) of GOLUB CAPITAL BDC INC (GBDC) is expected to grow by 4.23% in the next year.
Can you provide the dividend sustainability for GBDC stock?
The dividend rating of GOLUB CAPITAL BDC INC (GBDC) is 6 / 10 and the dividend payout ratio is 97.76%.