13.57 USD
+0.03 (+0.22%)
13.64 USD
+0.07 (+0.52%)
We assign a fundamental rating of 4 out of 10 to GBDC. GBDC was compared to 235 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 decent growth rate and is not valued too expensively.
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 65.53% of its industry peers.
Looking at the Return On Equity, with a value of 9.46%, GBDC is in line with its industry, outperforming 57.87% of the companies in the same industry.
The Return On Invested Capital of GBDC (3.53%) is comparable to the rest of the 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
Looking at the Profit Margin, with a value of 43.25%, GBDC belongs to the top of the industry, outperforming 88.09% of the companies in the same industry.
GBDC's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 45.57%, GBDC belongs to the best of the industry, outperforming 82.55% of the companies in the same industry.
GBDC's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 48.12%, GBDC is in line with its industry, outperforming 55.74% 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 | 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
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 46.81% 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.
GBDC's Debt to Equity ratio of 1.23 is on the low side compared to the rest of the industry. GBDC is outperformed by 62.13% 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
A Current Ratio of 0.97 indicates that GBDC may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.97, GBDC is in line with its industry, outperforming 40.85% of the companies in the same industry.
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.
GBDC has a Quick ratio (0.97) which is in line with 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%.
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.
The Revenue has grown by 20.16% in the past year. This is a very strong growth!
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
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.
The Revenue is expected to decrease by -5.33% on average over the next years.
EPS Next Y4.23%
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
EPS Next 5YN/A
Revenue Next Year-8.39%
Revenue Next 2Y-7.12%
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
The Price/Earnings ratio is 9.56, which indicates a very decent valuation of GBDC.
GBDC's Price/Earnings ratio is a bit cheaper when compared to the industry. GBDC is cheaper than 74.47% of the companies in the same industry.
GBDC is valuated cheaply when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.17, the valuation of GBDC can be described as reasonable.
Based on the Price/Forward Earnings ratio, GBDC is valued a bit cheaper than the industry average as 77.45% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, GBDC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.56 | ||
| Fwd PE | 9.17 |
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)2.26
PEG (5Y)2.99
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
5. Dividend
5.1 Amount
GBDC has a Yearly Dividend Yield of 11.62%, which is a nice return.
GBDC's Dividend Yield is a higher than the industry average which is at 6.65.
GBDC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.62% |
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-2.99%
EPS Next 3Y-3.27%
13.57
+0.03 (+0.22%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners44.47%
Inst Owner Change5.56%
Ins Owners6.4%
Ins Owner Change0%
Market Cap3.58B
Revenue(TTM)870.78M
Net Income(TTM)376.65M
Analysts81.82
Price Target15.3 (12.75%)
Short Float %2.48%
Short Ratio3.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.62% |
Yearly Dividend1.56
Dividend Growth(5Y)15.32%
DP97.76%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.18%
Min EPS beat(2)-13.33%
Max EPS beat(2)-9.04%
EPS beat(4)0
Avg EPS beat(4)-13.83%
Min EPS beat(4)-28.26%
Max EPS beat(4)-4.68%
EPS beat(8)1
Avg EPS beat(8)-21.1%
EPS beat(12)3
Avg EPS beat(12)-17.9%
EPS beat(16)5
Avg EPS beat(16)-20.23%
Revenue beat(2)0
Avg Revenue beat(2)-2.46%
Min Revenue beat(2)-3.81%
Max Revenue beat(2)-1.11%
Revenue beat(4)0
Avg Revenue beat(4)-4.41%
Min Revenue beat(4)-6.55%
Max Revenue beat(4)-1.11%
Revenue beat(8)1
Avg Revenue beat(8)-4.68%
Revenue beat(12)4
Avg Revenue beat(12)-3.47%
Revenue beat(16)6
Avg Revenue beat(16)-2.92%
PT rev (1m)-1.64%
PT rev (3m)-1.64%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)-0.68%
EPS NY rev (1m)-2.1%
EPS NY rev (3m)-2.24%
Revenue NQ rev (1m)-2.26%
Revenue NQ rev (3m)-4.53%
Revenue NY rev (1m)-4.66%
Revenue NY rev (3m)-4.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.56 | ||
| Fwd PE | 9.17 | ||
| P/S | 4.11 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.42
EY10.46%
EPS(NY)1.48
Fwd EY10.91%
FCF(TTM)-0.43
FCFYN/A
OCF(TTM)-0.43
OCFYN/A
SpS3.31
BVpS15.12
TBVpS15.12
PEG (NY)2.26
PEG (5Y)2.99
Graham Number21.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 9.46% | ||
| ROCE | 4.46% | ||
| ROIC | 3.53% | ||
| ROICexc | 3.53% | ||
| ROICexgc | 3.54% | ||
| OM | 45.57% | ||
| PM (TTM) | 43.25% | ||
| GM | 48.12% | ||
| FCFM | N/A |
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-Score4
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.42 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 0.66 |
F-Score4
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)0.71%
EPS 3Y16.42%
EPS 5Y3.2%
EPS Q2Q%0%
EPS Next Y4.23%
EPS Next 2Y-2.99%
EPS Next 3Y-3.27%
EPS Next 5YN/A
Revenue 1Y (TTM)20.16%
Revenue growth 3Y30.95%
Revenue growth 5Y23.84%
Sales Q2Q%-2.93%
Revenue Next Year-8.39%
Revenue Next 2Y-7.12%
Revenue Next 3Y-5.33%
Revenue Next 5YN/A
EBIT growth 1Y3.43%
EBIT growth 3Y26.87%
EBIT growth 5Y23.32%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-133.03%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-133.03%
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 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 9.56 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%.