GOLUB CAPITAL BDC INC (GBDC) Stock Fundamental Analysis
USA - NASDAQ:GBDC - US38173M1027 - Common Stock
13.85 USD
-0.02 (-0.14%)
13.85 USD
0 (0%)
GBDC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 237 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 is not valued too expensively and it also shows a decent 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.
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
With a decent Return On Assets value of 4.17%, GBDC is doing good in the industry, outperforming 64.14% of the companies in the same industry.
GBDC's Return On Equity of 9.35% is in line compared to the rest of the industry. GBDC outperforms 54.43% of its industry peers.
The Return On Invested Capital of GBDC (3.69%) is comparable to the rest of the industry.
GBDC had an Average Return On Invested Capital over the past 3 years of 3.44%. This is below the industry average of 7.11%.
The last Return On Invested Capital (3.69%) for GBDC is above the 3 year average (3.44%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 9.35% | ||
| ROIC | 3.69% |
ROA(3y)3.45%
ROA(5y)3.64%
ROE(3y)7.67%
ROE(5y)7.69%
ROIC(3y)3.44%
ROIC(5y)3.07%
1.3 Margins
With an excellent Profit Margin value of 42.81%, GBDC belongs to the best of the industry, outperforming 87.34% of the companies in the same industry.
In the last couple of years the Profit Margin of GBDC has declined.
The Operating Margin of GBDC (47.38%) is better than 84.39% of its industry peers.
GBDC's Operating Margin has been stable in the last couple of years.
The Gross Margin of GBDC (48.88%) 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 | 47.38% | ||
| PM (TTM) | 42.81% | ||
| GM | 48.88% |
OM growth 3Y-0.23%
OM growth 5Y1.16%
PM growth 3Y-30.14%
PM growth 5YN/A
GM growth 3Y-3.61%
GM growth 5Y-0.75%
2. Health
2.1 Basic Checks
The number of shares outstanding for GBDC has been increased compared to 1 year ago.
The number of shares outstanding for GBDC has been increased compared to 5 years ago.
The debt/assets ratio for GBDC has been reduced compared to a year ago.
2.2 Solvency
GBDC has an Altman-Z score of 0.68. This is a bad value and indicates that GBDC is not financially healthy and even has some risk of bankruptcy.
GBDC has a Altman-Z score (0.68) which is in line with its industry peers.
GBDC has a Debt/Equity ratio of 1.22. This is a high value indicating a heavy dependency on external financing.
GBDC has a worse Debt to Equity ratio (1.22) than 61.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.68 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GBDC has a Current Ratio of 1.81. This is a normal value and indicates that GBDC is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of GBDC (1.81) is better than 69.20% of its industry peers.
GBDC has a Quick Ratio of 1.81. This is a normal value and indicates that GBDC is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of GBDC (1.81) is better than 69.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.81 |
3. Growth
3.1 Past
GBDC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.94%.
Measured over the past 5 years, GBDC shows a small growth in Earnings Per Share. The EPS has been growing by 1.92% on average per year.
GBDC shows a strong growth in Revenue. In the last year, the Revenue has grown by 31.98%.
Measured over the past years, GBDC shows a very strong growth in Revenue. The Revenue has been growing by 33.28% on average per year.
EPS 1Y (TTM)-13.94%
EPS 3Y-11.29%
EPS 5Y1.92%
EPS Q2Q%580%
Revenue 1Y (TTM)31.98%
Revenue growth 3Y33.13%
Revenue growth 5Y33.28%
Sales Q2Q%27.48%
3.2 Future
Based on estimates for the next years, GBDC will show a decrease in Earnings Per Share. The EPS will decrease by -0.42% on average per year.
GBDC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.62% yearly.
EPS Next Y3.81%
EPS Next 2Y3.55%
EPS Next 3Y-0.42%
EPS Next 5YN/A
Revenue Next Year19.58%
Revenue Next 2Y7.2%
Revenue Next 3Y2.62%
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 9.75.
Based on the Price/Earnings ratio, GBDC is valued a bit cheaper than the industry average as 72.57% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of GBDC to the average of the S&P500 Index (25.89), we can say GBDC is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.16, the valuation of GBDC can be described as very reasonable.
GBDC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GBDC is cheaper than 75.53% of the companies in the same industry.
GBDC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.75 | ||
| Fwd PE | 9.16 |
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.
PEG (NY)2.56
PEG (5Y)5.09
EPS Next 2Y3.55%
EPS Next 3Y-0.42%
5. Dividend
5.1 Amount
GBDC has a Yearly Dividend Yield of 11.25%, which is a nice return.
GBDC's Dividend Yield is a higher than the industry average which is at 8.53.
GBDC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.25% |
5.2 History
The dividend of GBDC is nicely growing with an annual growth rate of 15.32%!
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
111.83% 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.
DP111.83%
EPS Next 2Y3.55%
EPS Next 3Y-0.42%
13.85
-0.02 (-0.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners41.47%
Inst Owner Change5.4%
Ins Owners6.33%
Ins Owner Change0%
Market Cap3.69B
Revenue(TTM)877.34M
Net Income(TTM)375.56M
Analysts81.82
Price Target15.56 (12.35%)
Short Float %3.21%
Short Ratio4.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.25% |
Yearly Dividend1.56
Dividend Growth(5Y)15.32%
DP111.83%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-20.8%
Min EPS beat(2)-28.26%
Max EPS beat(2)-13.33%
EPS beat(4)0
Avg EPS beat(4)-16.7%
Min EPS beat(4)-28.26%
Max EPS beat(4)-4.68%
EPS beat(8)2
Avg EPS beat(8)-16.69%
EPS beat(12)3
Avg EPS beat(12)-24.13%
EPS beat(16)6
Avg EPS beat(16)-17.22%
Revenue beat(2)0
Avg Revenue beat(2)-3.83%
Min Revenue beat(2)-6.55%
Max Revenue beat(2)-1.11%
Revenue beat(4)0
Avg Revenue beat(4)-4.99%
Min Revenue beat(4)-6.55%
Max Revenue beat(4)-1.11%
Revenue beat(8)2
Avg Revenue beat(8)-3.93%
Revenue beat(12)5
Avg Revenue beat(12)-2.72%
Revenue beat(16)6
Avg Revenue beat(16)-2.78%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.03%
EPS NY rev (1m)-0.21%
EPS NY rev (3m)-3.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.75 | ||
| Fwd PE | 9.16 | ||
| P/S | 4.21 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.92 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.42
EY10.25%
EPS(NY)1.51
Fwd EY10.92%
FCF(TTM)-2.18
FCFYN/A
OCF(TTM)-2.18
OCFYN/A
SpS3.29
BVpS15.08
TBVpS15.08
PEG (NY)2.56
PEG (5Y)5.09
Graham Number21.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 9.35% | ||
| ROCE | 4.66% | ||
| ROIC | 3.69% | ||
| ROICexc | 3.73% | ||
| ROICexgc | 3.74% | ||
| OM | 47.38% | ||
| PM (TTM) | 42.81% | ||
| GM | 48.88% | ||
| FCFM | N/A |
ROA(3y)3.45%
ROA(5y)3.64%
ROE(3y)7.67%
ROE(5y)7.69%
ROIC(3y)3.44%
ROIC(5y)3.07%
ROICexc(3y)3.5%
ROICexc(5y)3.12%
ROICexgc(3y)3.51%
ROICexgc(5y)3.13%
ROCE(3y)4.36%
ROCE(5y)3.88%
ROICexgc growth 3Y11.12%
ROICexgc growth 5Y17.99%
ROICexc growth 3Y10.97%
ROICexc growth 5Y17.86%
OM growth 3Y-0.23%
OM growth 5Y1.16%
PM growth 3Y-30.14%
PM growth 5YN/A
GM growth 3Y-3.61%
GM growth 5Y-0.75%
F-Score3
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.54 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.81 | ||
| Altman-Z | 0.68 |
F-Score3
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)-13.94%
EPS 3Y-11.29%
EPS 5Y1.92%
EPS Q2Q%580%
EPS Next Y3.81%
EPS Next 2Y3.55%
EPS Next 3Y-0.42%
EPS Next 5YN/A
Revenue 1Y (TTM)31.98%
Revenue growth 3Y33.13%
Revenue growth 5Y33.28%
Sales Q2Q%27.48%
Revenue Next Year19.58%
Revenue Next 2Y7.2%
Revenue Next 3Y2.62%
Revenue Next 5YN/A
EBIT growth 1Y19.22%
EBIT growth 3Y32.83%
EBIT growth 5Y34.83%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-299.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-299.84%
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.
Can you provide the valuation status for GOLUB CAPITAL BDC INC?
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.
Can you provide the expected EPS growth for GBDC stock?
The Earnings per Share (EPS) of GOLUB CAPITAL BDC INC (GBDC) is expected to grow by 3.81% in the next year.
Can you provide the dividend sustainability for GBDC stock?
The dividend rating of GOLUB CAPITAL BDC INC (GBDC) is 6 / 10 and the dividend payout ratio is 111.83%.