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
Overall GBDC gets a fundamental rating of 4 out of 10. We evaluated GBDC against 238 industry peers in the Capital Markets industry. There are concerns on the financial health of GBDC while its profitability can be described as average. GBDC has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- GBDC had positive earnings in the past year.
- In the past year GBDC had a positive cash flow from operations.
- 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 has a Return On Assets (3.72%) which is comparable to the rest of the industry.
- The Return On Equity of GBDC (8.46%) is comparable to the rest of the industry.
- GBDC's Return On Invested Capital of 3.56% is in line compared to the rest of the industry. GBDC outperforms 49.58% of its industry peers.
| 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
- GBDC's Profit Margin of 38.57% is amongst the best of the industry. GBDC outperforms 84.87% of its industry peers.
- In the last couple of years the Profit Margin of GBDC has grown nicely.
- GBDC's Operating Margin of 46.26% is amongst the best of the industry. GBDC outperforms 83.19% of its industry peers.
- GBDC's Operating Margin has been stable in the last couple of years.
- GBDC's Gross Margin of 48.85% is in line compared to the rest of the industry. GBDC outperforms 55.46% 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 | 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
- 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
- GBDC has an Altman-Z score of 0.64. This is a bad value and indicates that GBDC is not financially healthy and even 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.
- GBDC has a Debt to FCF ratio of 10.31. This is in the better half of the industry: GBDC outperforms 62.18% 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.
- GBDC's Debt to Equity ratio of 1.25 is on the low side compared to the rest of the industry. GBDC is outperformed by 62.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 10.31 | ||
| Altman-Z | 0.64 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- GBDC has a Current 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.
- GBDC has a better Current ratio (1.63) than 70.59% of its industry peers.
- 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.
- GBDC has a better Quick ratio (1.63) than 70.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 |
3. Growth
3.1 Past
- The earnings per share for GBDC have decreased by -9.42% 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 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.
- 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
- 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 -5.33% 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-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
- A Price/Earnings ratio of 10.10 indicates a reasonable valuation of GBDC.
- GBDC's Price/Earnings ratio is a bit cheaper when compared to the industry. GBDC is cheaper than 67.65% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.19. GBDC is valued rather cheaply when compared to this.
- The Price/Forward Earnings ratio is 9.50, which indicates a very decent valuation of GBDC.
- 75.21% of the companies in the same industry are more expensive than GBDC, based on the Price/Forward Earnings ratio.
- GBDC is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.1 | ||
| Fwd PE | 9.5 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, GBDC is valued cheaper than 84.03% of the companies in the same industry.
| 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.
- GBDC's earnings are expected to decrease with -3.27% in the coming years. This may justify a cheaper valuation.
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 6.24.
- Compared to an average S&P500 Dividend Yield of 1.82, 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 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
- 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%
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 Change7.18%
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%.