GOLUB CAPITAL BDC INC (GBDC) Stock Fundamental Analysis
NASDAQ:GBDC • US38173M1027
12.63 USD
-0.08 (-0.63%)
At close: Feb 13, 2026
12.63 USD
0 (0%)
After Hours: 2/13/2026, 8:12:55 PM
Taking everything into account, GBDC scores 4 out of 10 in our fundamental rating. 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- In the past year GBDC was profitable.
- GBDC had a positive operating cash flow in the past year.
- In the past 5 years GBDC has always 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
- With a Return On Assets value of 3.72%, GBDC perfoms like the industry average, outperforming 58.40% of the companies in the same industry.
- GBDC has a Return On Equity of 8.46%. This is comparable to the rest of the industry: GBDC outperforms 52.10% of its industry peers.
- The Return On Invested Capital of GBDC (3.56%) 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
- The Profit Margin of GBDC (38.57%) is better than 84.03% of its industry peers.
- In the last couple of years the Profit Margin of GBDC has grown nicely.
- 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.
- Looking at the Gross Margin, with a value of 48.85%, GBDC is in line with its industry, outperforming 55.46% of the companies in the same industry.
- 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.
- With a Altman-Z score value of 0.64, GBDC perfoms like the industry average, outperforming 44.12% of the companies in the same industry.
- 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.
- Looking at the Debt to Equity ratio, with a value of 1.25, GBDC is doing worse than 62.60% of the companies in the same industry.
| 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.
- With a decent Current ratio value of 1.63, GBDC is doing good in the industry, outperforming 70.59% of the companies in the same industry.
- GBDC has a Quick Ratio of 1.63. This is a normal value and indicates that GBDC is financially healthy and should not expect problems in meeting 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 70.59% 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%.
- GBDC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.20% yearly.
- GBDC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.80%.
- 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 -3.27% on average over the next years.
- 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
- 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
- With a Price/Earnings ratio of 10.10, the valuation of GBDC can be described as very reasonable.
- Based on the Price/Earnings ratio, GBDC is valued a bit cheaper than the industry average as 67.65% of the companies are valued more expensively.
- GBDC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.68.
- Based on the Price/Forward Earnings ratio of 9.50, the valuation of GBDC can be described as reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of GBDC indicates a somewhat cheap valuation: GBDC is cheaper than 75.21% of the companies listed in the same industry.
- GBDC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.1 | ||
| Fwd PE | 9.5 |
4.2 Price Multiples
- 84.03% of the companies in the same industry are more expensive than GBDC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.03 | ||
| 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)2.79
PEG (5Y)3.16
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
5. Dividend
5.1 Amount
- GBDC has a Yearly Dividend Yield of 10.39%, which is a nice return.
- GBDC's Dividend Yield is a higher than the industry average which is at 6.25.
- Compared to an average S&P500 Dividend Yield of 1.84, GBDC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.39% |
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 104.18% of its income as dividend. 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%
12.63
-0.08 (-0.63%)
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 Cap3.32B
Revenue(TTM)857.08M
Net Income(TTM)330.58M
Analysts83.33
Price Target15.3 (21.14%)
Short Float %2.29%
Short Ratio3.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.39% |
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)-0.5%
EPS NQ rev (3m)-2.87%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.68%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)-4.94%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-4.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.1 | ||
| Fwd PE | 9.5 | ||
| P/S | 3.88 | ||
| P/FCF | 7.03 | ||
| P/OCF | 7.03 | ||
| P/B | 0.85 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.25
EY9.9%
EPS(NY)1.33
Fwd EY10.53%
FCF(TTM)1.8
FCFY14.23%
OCF(TTM)1.8
OCFY14.23%
SpS3.26
BVpS14.85
TBVpS14.85
PEG (NY)2.79
PEG (5Y)3.16
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 10.1 and the Price/Book (PB) ratio is 0.85.
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%.