13.545 USD
+0.01 (+0.04%)
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 correct valuation and a medium 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.
- In the past 5 years GBDC has always been profitable.
- In multiple years GBDC reported negative operating cash flow during the last 5 years.
1.2 Ratios
- GBDC has a Return On Assets of 4.20%. This is in the better half of the industry: GBDC outperforms 61.60% of its industry peers.
- The Return On Equity of GBDC (9.46%) is comparable to the rest of the industry.
- GBDC has a Return On Invested Capital (3.53%) which is in line with its industry peers.
| 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
- The Profit Margin of GBDC (43.25%) is better than 87.76% of its industry peers.
- In the last couple of years the Profit Margin of GBDC has grown nicely.
- Looking at the Operating Margin, with a value of 45.57%, GBDC belongs to the top of the industry, outperforming 82.70% 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.
- GBDC has a Gross Margin (48.12%) which 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 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
- 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
- GBDC has an Altman-Z score of 0.66. This is a bad value and indicates that GBDC is not financially healthy and even 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 47.26% of its industry peers.
- A Debt/Equity ratio of 1.23 is on the high side and indicates that GBDC has dependencies on debt financing.
- The Debt to Equity ratio of GBDC (1.23) is worse than 62.45% of its industry peers.
| 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.
- GBDC has a Quick 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.
- Looking at the Quick ratio, with a value of 0.97, GBDC is in line with its industry, outperforming 41.35% of the companies in the same industry.
| 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.
- 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
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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 9.54, the valuation of GBDC can be described as very reasonable.
- Based on the Price/Earnings ratio, GBDC is valued a bit cheaper than 72.15% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.60, GBDC is valued rather cheaply.
- A Price/Forward Earnings ratio of 9.21 indicates a reasonable valuation of GBDC.
- GBDC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GBDC is cheaper than 78.06% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.83, GBDC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.54 | ||
| Fwd PE | 9.21 |
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.
- GBDC's earnings are expected to decrease with -3.27% in the coming years. This may justify a cheaper valuation.
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.
- GBDC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| 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 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
- 97.76% 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.
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 9.54 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%.