GOLUB CAPITAL BDC INC (GBDC) Stock Fundamental Analysis

NASDAQ:GBDC • US38173M1027

12.195 USD
+0.21 (+1.71%)
Last: Mar 2, 2026, 12:10 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall GBDC gets a fundamental rating of 4 out of 10. We evaluated GBDC against 238 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 valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

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.
  • GBDC had positive earnings in each of the past 5 years.
  • 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

  • GBDC's Return On Assets of 3.72% is in line compared to the rest of the industry. GBDC outperforms 58.82% of its industry peers.
  • GBDC has a Return On Equity (8.46%) which is in line with its industry peers.
  • 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 has a better Profit Margin (38.57%) than 84.45% of its industry peers.
  • GBDC's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 46.26%, GBDC belongs to the best of the industry, outperforming 83.19% of the companies in the same industry.
  • In the last couple of years the Operating Margin of GBDC has remained more or less at the same level.
  • The Gross Margin of GBDC (48.85%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of GBDC has remained more or less at the same level.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

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 0.62. This is a bad value and indicates that GBDC is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of GBDC (0.62) is comparable to the rest of the industry.
  • GBDC has a debt to FCF ratio of 10.31. This is a negative value and a sign of low solvency as GBDC would need 10.31 years to pay back of all of its debts.
  • The Debt to FCF ratio of GBDC (10.31) is better than 61.34% of its industry peers.
  • A Debt/Equity ratio of 1.25 is on the high side and indicates that GBDC has dependencies on debt financing.
  • The Debt to Equity ratio of GBDC (1.25) is worse than 62.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF 10.31
Altman-Z 0.62
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.
  • GBDC has a Current ratio of 1.63. This is in the better half of the industry: GBDC outperforms 69.75% of its industry peers.
  • A Quick Ratio of 1.63 indicates that GBDC should not have too much problems paying its short term obligations.
  • The Quick ratio of GBDC (1.63) is better than 69.75% of its industry peers.
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. 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%.
  • Measured over the past 5 years, GBDC shows a small growth in Earnings Per Share. The EPS has been growing by 3.20% on average per year.
  • Looking at the last year, GBDC shows a quite strong growth in Revenue. The Revenue has grown by 9.80% in the last year.
  • GBDC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.84% yearly.
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.
  • GBDC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.53% yearly.
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-6.59%
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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.76 indicates a reasonable valuation of GBDC.
  • 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.
  • When comparing the Price/Earnings ratio of GBDC to the average of the S&P500 Index (27.07), we can say GBDC is valued rather cheaply.
  • GBDC is valuated reasonably with a Price/Forward Earnings ratio of 9.17.
  • Based on the Price/Forward Earnings ratio, GBDC is valued a bit cheaper than 75.21% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.05. GBDC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.76
Fwd PE 9.17
GBDC Price Earnings VS Forward Price EarningsGBDC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 83.61% of the companies in the same industry are more expensive than GBDC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.78
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • GBDC's earnings are expected to decrease with -3.27% in the coming years. This may justify a cheaper valuation.
PEG (NY)2.7
PEG (5Y)3.05
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%

More info and screens

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 10.77%, GBDC is a good candidate for dividend investing.
  • GBDC's Dividend Yield is a higher than the industry average which is at 6.42.
  • GBDC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 10.77%

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
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.
  • 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%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

GOLUB CAPITAL BDC INC

NASDAQ:GBDC (3/2/2026, 12:10:44 PM)

12.195

+0.21 (+1.71%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-04
Earnings (Next)05-04
Inst Owners44.72%
Inst Owner Change8.55%
Ins Owners1.38%
Ins Owner Change0%
Market Cap3.21B
Revenue(TTM)857.08M
Net Income(TTM)330.58M
Analysts83.33
Price Target14.69 (20.46%)
Short Float %2.39%
Short Ratio2.84
Dividend
Industry RankSector Rank
Dividend Yield 10.77%
Yearly Dividend1.56
Dividend Growth(5Y)15.32%
DP104.18%
Div Incr Years3
Div Non Decr Years3
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)-4%
PT rev (3m)-5.57%
EPS NQ rev (1m)-0.85%
EPS NQ rev (3m)-1.68%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.68%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)-3.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.9%
Valuation
Industry RankSector Rank
PE 9.76
Fwd PE 9.17
P/S 3.75
P/FCF 6.78
P/OCF 6.78
P/B 0.82
P/tB 0.82
EV/EBITDA N/A
EPS(TTM)1.25
EY10.25%
EPS(NY)1.33
Fwd EY10.9%
FCF(TTM)1.8
FCFY14.74%
OCF(TTM)1.8
OCFY14.74%
SpS3.26
BVpS14.85
TBVpS14.85
PEG (NY)2.7
PEG (5Y)3.05
Graham Number20.44
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 0.62
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-6.59%
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 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 9.76 and the Price/Book (PB) ratio is 0.82.


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%.