13.56 USD
-0.12 (-0.88%)
13.55 USD
-0.01 (-0.07%)
GBDC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year GBDC was profitable.
- In the past year GBDC has reported a negative cash flow from operations.
- 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.
1.2 Ratios
- With a decent Return On Assets value of 4.20%, GBDC is doing good in the industry, outperforming 61.60% of the companies in the same industry.
- GBDC has a Return On Equity of 9.46%. This is comparable to the rest of the industry: GBDC outperforms 57.81% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 3.53%, GBDC is in line with its industry, outperforming 49.37% of the companies in the same industry.
| 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
- GBDC has a Profit Margin of 43.25%. This is amongst the best in the industry. GBDC outperforms 87.76% of its industry peers.
- GBDC's Profit Margin has improved in the last couple of years.
- GBDC has a Operating Margin of 45.57%. This is amongst the best in the industry. GBDC outperforms 82.70% 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's Gross Margin of 48.12% is in line compared to the rest of the industry. GBDC outperforms 55.27% of 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
- GBDC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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's Altman-Z score of 0.66 is in line compared to the rest of the industry. GBDC outperforms 46.84% of its industry peers.
- GBDC has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.23, GBDC is doing worse than 62.45% of the companies in the same industry.
| 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.
- GBDC has a Current ratio (0.97) which is in line with its industry peers.
- A Quick Ratio of 0.97 indicates that GBDC may have some problems paying its short term obligations.
- GBDC has a Quick ratio of 0.97. This is comparable to the rest of the industry: GBDC outperforms 41.35% 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%.
- The Earnings Per Share has been growing slightly by 3.20% on average over the past years.
- Looking at the last year, GBDC shows a very strong growth in Revenue. The Revenue has grown by 20.16%.
- GBDC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.84% yearly.
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
- The Earnings Per Share is expected to decrease by -3.27% on average over the next years.
- Based on estimates for the next years, GBDC will show a decrease in Revenue. The Revenue will decrease by -5.33% on average per year.
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
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- GBDC is valuated reasonably with a Price/Earnings ratio of 9.55.
- Compared to the rest of the industry, the Price/Earnings ratio of GBDC indicates a somewhat cheap valuation: GBDC is cheaper than 71.73% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.25, GBDC is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 9.22, the valuation of GBDC can be described as reasonable.
- Based on the Price/Forward Earnings ratio, GBDC is valued a bit cheaper than 78.06% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of GBDC to the average of the S&P500 Index (25.98), we can say GBDC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.55 | ||
| Fwd PE | 9.22 |
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 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)2.64
PEG (5Y)2.98
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 11.40%, GBDC is a good candidate for dividend investing.
- GBDC's Dividend Yield is a higher than the industry average which is at 5.87.
- Compared to an average S&P500 Dividend Yield of 1.82, GBDC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.4% |
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
- 97.76% 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.
DP97.76%
EPS Next 2Y-3.24%
EPS Next 3Y-3.27%
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 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.
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 9.55 and the Price/Book (PB) ratio is 0.9.
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 97.76%.