GOLUB CAPITAL BDC INC (GBDC) Stock Fundamental Analysis
USA - NASDAQ:GBDC - US38173M1027 - Common Stock
14.07 USD
-0.05 (-0.35%)
14.0302 USD
-0.04 (-0.28%)
Taking everything into account, GBDC scores 4 out of 10 in our fundamental rating. GBDC was compared to 237 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 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.
Each year in the past 5 years GBDC has been profitable.
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
GBDC's Return On Assets of 4.17% is fine compared to the rest of the industry. GBDC outperforms 62.03% of its industry peers.
Looking at the Return On Equity, with a value of 9.35%, GBDC is in line with its industry, outperforming 52.74% of the companies in the same industry.
GBDC has a Return On Invested Capital (3.69%) which is in line with its industry peers.
GBDC had an Average Return On Invested Capital over the past 3 years of 3.44%. This is below the industry average of 7.63%.
The 3 year average ROIC (3.44%) for GBDC is below the current ROIC(3.69%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 9.35% | ||
| ROIC | 3.69% |
ROA(3y)3.45%
ROA(5y)3.64%
ROE(3y)7.67%
ROE(5y)7.69%
ROIC(3y)3.44%
ROIC(5y)3.07%
1.3 Margins
GBDC has a Profit Margin of 42.81%. This is amongst the best in the industry. GBDC outperforms 85.23% of its industry peers.
In the last couple of years the Profit Margin of GBDC has declined.
GBDC has a better Operating Margin (47.38%) than 82.28% 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 (48.88%) which is comparable to the rest of the industry.
GBDC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 47.38% | ||
| PM (TTM) | 42.81% | ||
| GM | 48.88% |
OM growth 3Y-0.23%
OM growth 5Y1.16%
PM growth 3Y-30.14%
PM growth 5YN/A
GM growth 3Y-3.61%
GM growth 5Y-0.75%
2. Health
2.1 Basic Checks
GBDC has more shares outstanding than it did 1 year ago.
GBDC has more shares outstanding than it did 5 years ago.
GBDC has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.69, we must say that GBDC is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of GBDC (0.69) is comparable to the rest of the industry.
GBDC has a Debt/Equity ratio of 1.22. This is a high value indicating a heavy dependency on external financing.
GBDC's Debt to Equity ratio of 1.22 is on the low side compared to the rest of the industry. GBDC is outperformed by 62.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.69 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.81 indicates that GBDC should not have too much problems paying its short term obligations.
GBDC has a Current ratio of 1.81. This is in the better half of the industry: GBDC outperforms 68.78% of its industry peers.
A Quick Ratio of 1.81 indicates that GBDC should not have too much problems paying its short term obligations.
GBDC has a better Quick ratio (1.81) than 69.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.81 |
3. Growth
3.1 Past
The earnings per share for GBDC have decreased strongly by -13.94% in the last year.
Measured over the past 5 years, GBDC shows a small growth in Earnings Per Share. The EPS has been growing by 1.92% on average per year.
Looking at the last year, GBDC shows a very strong growth in Revenue. The Revenue has grown by 31.98%.
Measured over the past years, GBDC shows a very strong growth in Revenue. The Revenue has been growing by 33.28% on average per year.
EPS 1Y (TTM)-13.94%
EPS 3Y-11.29%
EPS 5Y1.92%
EPS Q2Q%580%
Revenue 1Y (TTM)31.98%
Revenue growth 3Y33.13%
Revenue growth 5Y33.28%
Sales Q2Q%27.48%
3.2 Future
GBDC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.18% yearly.
The Revenue is expected to grow by 2.62% on average over the next years.
EPS Next Y4.03%
EPS Next 2Y3.62%
EPS Next 3Y-0.18%
EPS Next 5YN/A
Revenue Next Year19.58%
Revenue Next 2Y7.2%
Revenue Next 3Y2.62%
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.
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 9.91 indicates a reasonable valuation of GBDC.
70.89% of the companies in the same industry are more expensive than GBDC, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.03. GBDC is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 9.29, the valuation of GBDC can be described as reasonable.
GBDC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GBDC is cheaper than 73.84% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, GBDC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.91 | ||
| Fwd PE | 9.29 |
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.
PEG (NY)2.46
PEG (5Y)5.17
EPS Next 2Y3.62%
EPS Next 3Y-0.18%
5. Dividend
5.1 Amount
GBDC has a Yearly Dividend Yield of 11.23%, which is a nice return.
Compared to an average industry Dividend Yield of 8.50, 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.23% |
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
111.83% 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.
DP111.83%
EPS Next 2Y3.62%
EPS Next 3Y-0.18%
14.07
-0.05 (-0.35%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners41.47%
Inst Owner Change0.77%
Ins Owners6.33%
Ins Owner Change0%
Market Cap3.75B
Revenue(TTM)877.34M
Net Income(TTM)375.56M
Analysts81.82
Price Target15.56 (10.59%)
Short Float %3.21%
Short Ratio4.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.23% |
Yearly Dividend1.56
Dividend Growth(5Y)15.32%
DP111.83%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-20.8%
Min EPS beat(2)-28.26%
Max EPS beat(2)-13.33%
EPS beat(4)0
Avg EPS beat(4)-16.7%
Min EPS beat(4)-28.26%
Max EPS beat(4)-4.68%
EPS beat(8)2
Avg EPS beat(8)-16.69%
EPS beat(12)3
Avg EPS beat(12)-24.13%
EPS beat(16)6
Avg EPS beat(16)-17.22%
Revenue beat(2)0
Avg Revenue beat(2)-3.83%
Min Revenue beat(2)-6.55%
Max Revenue beat(2)-1.11%
Revenue beat(4)0
Avg Revenue beat(4)-4.99%
Min Revenue beat(4)-6.55%
Max Revenue beat(4)-1.11%
Revenue beat(8)2
Avg Revenue beat(8)-3.93%
Revenue beat(12)5
Avg Revenue beat(12)-2.72%
Revenue beat(16)6
Avg Revenue beat(16)-2.78%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.91 | ||
| Fwd PE | 9.29 | ||
| P/S | 4.27 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.42
EY10.09%
EPS(NY)1.51
Fwd EY10.76%
FCF(TTM)-2.18
FCFYN/A
OCF(TTM)-2.18
OCFYN/A
SpS3.29
BVpS15.08
TBVpS15.08
PEG (NY)2.46
PEG (5Y)5.17
Graham Number21.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 9.35% | ||
| ROCE | 4.66% | ||
| ROIC | 3.69% | ||
| ROICexc | 3.73% | ||
| ROICexgc | 3.74% | ||
| OM | 47.38% | ||
| PM (TTM) | 42.81% | ||
| GM | 48.88% | ||
| FCFM | N/A |
ROA(3y)3.45%
ROA(5y)3.64%
ROE(3y)7.67%
ROE(5y)7.69%
ROIC(3y)3.44%
ROIC(5y)3.07%
ROICexc(3y)3.5%
ROICexc(5y)3.12%
ROICexgc(3y)3.51%
ROICexgc(5y)3.13%
ROCE(3y)4.36%
ROCE(5y)3.88%
ROICexgc growth 3Y11.12%
ROICexgc growth 5Y17.99%
ROICexc growth 3Y10.97%
ROICexc growth 5Y17.86%
OM growth 3Y-0.23%
OM growth 5Y1.16%
PM growth 3Y-30.14%
PM growth 5YN/A
GM growth 3Y-3.61%
GM growth 5Y-0.75%
F-Score3
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.54 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.81 | ||
| Altman-Z | 0.69 |
F-Score3
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)-13.94%
EPS 3Y-11.29%
EPS 5Y1.92%
EPS Q2Q%580%
EPS Next Y4.03%
EPS Next 2Y3.62%
EPS Next 3Y-0.18%
EPS Next 5YN/A
Revenue 1Y (TTM)31.98%
Revenue growth 3Y33.13%
Revenue growth 5Y33.28%
Sales Q2Q%27.48%
Revenue Next Year19.58%
Revenue Next 2Y7.2%
Revenue Next 3Y2.62%
Revenue Next 5YN/A
EBIT growth 1Y19.22%
EBIT growth 3Y32.83%
EBIT growth 5Y34.83%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-299.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-299.84%
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 4.03% 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 111.83%.