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Golub Capital BDC, Inc.NasdaqGS:GBDC Rapport sur les actions

Capitalisation boursière US$3.2b
Prix de l'action
US$12.35
US$15
17.7% sous-évalué décote intrinsèque
1Y-15.5%
7D-7.1%
1D
Valeur du portefeuille
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Golub Capital BDC, Inc.

NasdaqGS:GBDC Rapport sur les actions

Capitalisation boursière : US$3.2b

Golub Capital BDC (GBDC) Aperçu de l'action

Golub Capital BDC, Inc. (GBDC) est une société de développement commercial et opère en tant que société d'investissement à capital fixe non diversifié et à gestion externe. Plus de détails

GBDC analyse fondamentale
Score flocon de neige
Évaluation1/6
Croissance future3/6
Performances passées1/6
Santé financière1/6
Dividendes4/6

GBDC Community Fair Values

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Golub Capital BDC, Inc. Concurrents

 
 
 
 
 
 
 
 
 
 
 
 

Historique des prix et performances

Résumé des hausses, des baisses et des variations du cours de l'action pour la période du 1er janvier au 31 décembre 2009 Golub Capital BDC
Historique des cours de bourse
Prix actuel de l'actionUS$12.35
Plus haut sur 52 semainesUS$15.63
Plus bas sur 52 semainesUS$11.77
Bêta0.42
Variation sur 1 mois-4.19%
Variation sur 3 mois-2.14%
Variation sur 1 an-15.47%
Variation sur 3 ans-6.16%
Variation sur 5 ans-20.83%
Évolution depuis l'introduction en bourse-16.04%

Nouvelles et mises à jour récentes

Seeking Alpha • May 06

Golub BDC: I'm Holding Despite Rising Non-Accruals

Summary Golub Capital BDC's portfolio has some weaknesses and sector risks, but I trust management's strong track record, especially in software lending. Non-accruals and underperforming assets have risen, with 2.2% of investments materially below expectations and spreads continuing to compress. Dividend coverage is tight. NII barely covers payouts, and another dividend cut may be possible if trends persist. GBDC trades at a 0.92x P/BV discount, but I expect more attractive entry points ahead and will hold, not add, at current levels. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • May 06

Golub BDC: I'm Holding Despite Rising Non-Accruals

Summary Golub Capital BDC's portfolio has some weaknesses and sector risks, but I trust management's strong track record, especially in software lending. Non-accruals and underperforming assets have risen, with 2.2% of investments materially below expectations and spreads continuing to compress. Dividend coverage is tight. NII barely covers payouts, and another dividend cut may be possible if trends persist. GBDC trades at a 0.92x P/BV discount, but I expect more attractive entry points ahead and will hold, not add, at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Apr 25

Trying To Catch The BDC Bottom With A Pair Trade (Part 3) - Golub Capital Vs. FSCO

Summary BDCs have fallen significantly, making them attractive for long positions, but hedging with FS Credit Opportunities Corp. is recommended due to market volatility. Golub Capital BDC has a higher leverage and expense ratio, while FSCO offers a better-adjusted NII yield and lower leverage. FSCO's strong liquidity and predictable price movements make it an ideal hedge for investing in beaten-down BDCs. The strategy involves buying undervalued BDCs and using FSCO to protect against further declines, leveraging its stable performance. Read the full article on Seeking Alpha
Seeking Alpha • Mar 31

Golub Capital BDC: Disappointing Performance, Not As Bad As It Seems (Rating Downgrade)

Summary Due to economic uncertainty and a disappointing quarter, I am downgrading Golub Capital BDC from a buy to a hold. Despite misses in the top and bottom lines, GBDC's credit rating upgrade and higher originations are positive signs for future performance. Management expects improved net investment income from higher originations and restructured borrowers, but economic volatility remains a risk. GBDC's valuation remains attractive for income-oriented investors, but a potential dividend cut and economic risks warrant a cautious hold. Read the full article on Seeking Alpha
Seeking Alpha • Mar 12

Golub Capital BDC's NAV, Valuation And Dividend Vs. 11 Peers - Part 1 (Includes Recommendations As Of 3/11/2025)

Summary Part 1 of this article compares GBDC’s recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 11 BDC peers. Part 1 also performs a comparative analysis between each company’s investment portfolio as of 9/30/2024 and 12/31/2024. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation). Other metrics analyzed include each company’s cumulative realized gain/loss per share, NII per share, price to annualized NII ratio, and percentage of income attributable to capitalized PIK interest income. Currently, the 12-covered BDC peers have a range of valuations (six overvalued, five appropriately valued, one undervalued). I believe GBDC is currently very slightly undervalued. Read the full article on Seeking Alpha
Seeking Alpha • Feb 19

Golub Capital: A Solid Result From This Consistent BDC

Summary Golub Capital BDC delivered a solid quarter with a 2.8% total NAV return. It trades at a 10% dividend yield and a 3% premium to NAV. The company’s portfolio is well-diversified with 386 positions, primarily in floating-rate first-lien loans; it is focused on the software and healthcare sectors. Despite a 17% drop in adjusted net investment income, the decline was less than 5% after adjusting for non-repeatable items; no supplemental dividend was declared. GBDC remains an outperformer with a strong portfolio quality, low-cost fee structure, and significant diversification. Read the full article on Seeking Alpha
Seeking Alpha • Jan 13

10%+ Yields For Retirement: Forget BXSL, Buy GBDC Instead

Summary BXSL and GBDC are popular high-yield stocks for retirees. I compare them side-by-side. I share why I think GBDC is the clear winner. Read the full article on Seeking Alpha
Seeking Alpha • Jan 06

Golub Capital BDC: Dividends Worth Scooping Despite Further Interest Rate Changes

Summary Golub Capital BDC's conservative portfolio, focusing on first-lien debt, faces challenges from decreasing interest rates but maintains solid dividend coverage. GBDC's diversified borrower base and unique industry focus, with a low non-accrual rate, supports its defensive investment position. As GBDC's regular dividend coverage can withstand a few more cuts, the current regular DPS yield of 10.2% can be considered an attractive risk-to-reward opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Dec 18

Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 2 (Includes Updated Dividend Projections)

Summary Part 2 of this article compares GBDC’s recent dividend per share rates, yield percentages, and several other highly detailed (and useful) dividend sustainability metrics to 14 other BDC peers. This includes a comparative analysis of GBDC’s cumulative undistributed taxable income ratio, percentage of floating-rate debt investments, recent weighted average annualized yield, and weighted average interest rate on outstanding borrowings. GBDC’s “base” dividend sustainability remains strong. When comparing/analyzing all metrics (including additional metrics not mentioned), GBDC is currently deemed to be undervalued (BUY). Most BDCs will continue to have sustainable (and some special periodic) dividends over the foreseeable future (though special dividends are likely to decrease overtime). Credit risk will continue to be monitored/modeled. Simply put, contrary to recent speculation, GBDC’s base dividend remains safe. In addition, GBDC is currently only one of a couple of sector peers with a decent valuation. Read the full article on Seeking Alpha
Seeking Alpha • Dec 04

Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 1 (Includes Recommendations As Of 11/29/2024)

Summary Part 1 of this article compares GBDC’s recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 14 BDC peers. It also performs a comparative analysis between each company’s investment portfolio as of 6/30/2024 and 9/30/2024. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation). Other metrics analyzed include each company’s cumulative realized gain/loss per share, NII per share, price-to-annualized NII ratio, and percentage of income attributable to capitalized PIK interest income. Currently, the 15 covered BDC peers have a range of valuations (6 overvalued, 8 appropriately valued, 1 undervalued). I believe GBDC is currently appropriately valued. Read the full article on Seeking Alpha
Seeking Alpha • Nov 27

Golub Capital: 10% Yield, Special Dividends, No NAV Premium

Summary Golub Capital BDC covered its dividend payout with adjusted net investment income and paid a supplemental dividend, reflecting strong portfolio performance and income distribution. The BDC's portfolio value surged 5% QoQ due to new loan originations and a merger, making it a solid choice for passive income investors. Golub Capital BDC focuses on First Lien investments, ensuring high credit quality and a stable 10% dividend yield without a premium to NAV. Despite a slight increase in non-accruals, the portfolio's growth and consistent supplemental dividends underscore the BDC's robust performance and dividend safety. Read the full article on Seeking Alpha
Seeking Alpha • Nov 14

Golub Capital: High-Yield Play With Caveats

Summary Golub Capital BDC, Inc. shares have dropped 13% since April 2024 due to rising borrowing costs and economic uncertainty. Despite concerns, Golub offers a 10%+ dividend yield, low non-accrual rates, and trades around its net asset value. The merger with Golub Capital BDC3 bolstered assets and liquidity, but recent financial results showed mixed performance due to write-downs and higher borrowing costs. There was also some insider buying in the shares late this summer.  An analysis of Golub Capital BDC follow in the paragraphs below. Read the full article on Seeking Alpha
Seeking Alpha • Oct 31

Golub Capital: A Good Blend Of Yield, Quality, And Income In An Expensive Sector

Summary Golub Capital BDC currently sports a 10% yield that is well-covered by their income. Golub Capital BDC remains a high-quality investment despite the slight increase in non-accruals during Q3 earnings. In this article, I discuss their latest earnings, and why the BDC remains a smart, attractive income play in the current market. Read the full article on Seeking Alpha
Seeking Alpha • Oct 13

Golub Capital: Healthy And Well-Covered 11% Dividend

Summary Golub Capital BDC trades at a slight discount to NAV despite strong dividend coverage and below-average leverage. Q3 2024 earnings report shows GBDC's non-accruals remain low, with leverage decreasing to 1.05x debt-to-equity. Adjusted NII per share significantly exceeds quarterly distribution, ensuring a robust 123% coverage. Given this and the favorable P/NAV level, GBDC remains a solid BDC dividend income pick, even though the upcoming financial quarter is unlikely to bring positive surprises. Read the full article on Seeking Alpha
Seeking Alpha • Sep 16

Golub Capital BDC: A Solid Quarter But Worse Under The Hood

Summary Golub Capital BDC delivered a strong quarterly result with a 4.8% total NAV return, trading at an 11.3% dividend yield and a 3% discount to book. The company's diversified loan portfolio focuses on floating-rate first-lien loans, with top sectors in software and healthcare. Despite a 6% drop in adjusted net investment income, GBDC's shareholder-friendly fee structure and consistent NAV growth make it an attractive investment. GBDC's valuation remains below average and its strong performance, portfolio quality, and fee structure justify maintaining a position in our Income Portfolios. Read the full article on Seeking Alpha
Seeking Alpha • Sep 10

Golub Capital BDC: A Strong 12% BDC Yield Trading Below NAV

Summary Golub Capital BDC's merger with Golub Capital 3 BDC significantly increased its portfolio value and net investment income, enhancing its investment appeal. The BDC's net investment income comfortably covers its dividend, offering a moderately safe 12% yield for income investors. Despite a slight increase in non-accrual percentage, the long-term trend shows a considerable improvement in asset quality over the past year. Shares are trading at a 4% discount to net asset value, presenting a bargain opportunity due to the recent sell-off in the BDC industry. Read the full article on Seeking Alpha
Seeking Alpha • Aug 19

Golub Capital: 11% Yield And Cheap (Upgrade)

Summary Golub Capital BDC out-earned its base dividend with net investment income in 3Q24, post-merger with Golub Capital BDC 3. The stock offers an attractive 11% yield, solid credit quality, and is selling at a compelling net asset value multiple. Portfolio quality remains strong post-merger, with a 5% discount to NAV making it a buy for passive income investors. Read the full article on Seeking Alpha
Seeking Alpha • Aug 03

Golub Capital: Price Drop Brings This Into Buy Zone (Rating Upgrade)

Summary Golub Capital operates as a business development company that generates earnings through debt investments to middle market companies. Golub Capital's price fell by nearly 5% over the last week. This price retraction has increased the valuation appeal. GBDC offers a strong portfolio of debt investments, high dividend yield of 10.6%, and potential for growth despite lower interest rates. GBDC sits on about $300M worth of cash that can be wisely deployed into new investments. This would ultimately drive growth and offset any possible impacts to NII per share. Read the full article on Seeking Alpha
Seeking Alpha • Jul 21

Golub Capital: Buy The Dip On This 10% Yield

Summary Diversification is key for income investors, and BDCs offer a professionally managed portfolio of loans across different sectors. Golub Capital presents a buy-the-dip opportunity with strong operating fundamentals, high dividend coverage, and potential for market-beating returns with special dividends. GBDC is well-positioned with a conservatively managed portfolio and a more favorable fee structure toward shareholders. Read the full article on Seeking Alpha
Seeking Alpha • Jun 13

Golub Capital: A 10% Yielding BDC That Remains An Attractive Income Play

Summary Golub Capital's recent pullback in share price gives investors a chance to pick up a quality BDC at a slight premium above NAV. As seen by the BDC's credit quality and dividend coverage, GBDC still remains attractively valued in comparison to some of its peers. This credit quality, robust liquidity, and strong dividend coverage also make Golub Capital BDC an attractive income play. GBDC delivered a strong earnings report in May, with non-accruals declining to less than 1% and NAV growth on a sequential and annualized basis. Read the full article on Seeking Alpha
Seeking Alpha • May 24

Golub Capital: 11% Yield And Merger Catalyst

Summary Golub Capital BDC is selling at a reasonable 8% premium to net asset value, considering its strong dividend coverage and growth in net investment income. The company announced a merger with another BDC, which will improve its scale and fee structure. Golub Capital BDC has robust dividend coverage and has consistently paid special dividends, making it an attractive option for passive income investors. Read the full article on Seeking Alpha
Seeking Alpha • May 07

Golub Capital: Outperformance In Q2 Made This BDC Too Expensive (Downgrade)

Summary Golub Capital has delivered superior growth, outperforming the S&P 500 in total return as well as many BDC peers. GBDC's Q2 earnings showed consistent growth, with NII increasing by 21%. The NAV has also consistently grown over the past year. GBDC's dividend yield is currently 9.2%, but the recent price run has made the stock less attractive as it now trades at a higher premium to NAV than average. Management cut their base management fee down to 1%, contributing to NII growth. Non-accruals slightly decreased over the last quarter, reinforcing GBDC's portfolio strength. Read the full article on Seeking Alpha
Seeking Alpha • Apr 04

Golub Capital: Add To Your Cashflow With This 9.4% Yield

Summary It doesn't hurt to have supplemental income from dividend-paying stocks, especially during inflationary times such as these. Golub Capital is an appealing stock for income investors due to its strong investment track record, diversified portfolio, and conservative investment strategy. GBDC should continue to benefit from a high interest rate environment and strong balance sheet, all while paying a well-covered dividend. Read the full article on Seeking Alpha
Seeking Alpha • Feb 24

Golub Capital: A BDC To Consider Whether Or Not Rates Remain Higher

Summary GBDC recently merged with GBDC 3, which is expected to increase their liquidity and scale. The latest CPI report has raised questions about potential interest rate cuts, making Golub Capital a potential consideration for income-focused portfolios. Management also lowered their income incentive & management fee post-merger. This is expected to increase Nll by $0.13 on an annualized basis. This increase will likely be passed onto shareholders in the form of dividends. Even if rates do decline, this will provide a buffer for an expected decline in net investment income. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

Golub Capital: Q1 Earnings Show Additional Supplemental Distributions Likely

Summary Golub Capital BDC reported strong earnings with increased net investment income, indicating potential for more supplemental dividends. The company's portfolio is primarily comprised of first lien loans, with a focus on floating rate loans, which positions it well in the current interest rate environment. Golub Capital has a solid dividend yield of over 10% and a history of consistent dividend growth, making it an attractive choice for income-seeking investors. Read the full article on Seeking Alpha
Seeking Alpha • Oct 11

Golub Capital BDC originates $176.7M commitments in fiscal Q4; fair value declines

Golub Capital BDC (NASDAQ:GBDC) said Tuesday it originated $176.7M in new middle market investment commitments during its fiscal Q4 ended Sept. 30, 2022. That's down from the $449.6M of commitments in the previous quarter. About 91% of the new middle market investment commitments in Q4 were one-stop loans, 7% were senior secured loans, and 2% were equity and other securities. Of the new commitments $139.4M funded at close. Total investments at fair value are estimated to have declined by ~3.0%, or $167.2M, during the quarter, after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses). In August, GBDC had reported that its investment portfolio, at fair value was $5.61B. SA contributor ADS Analytics keeps a Hold rating on Golub Capital BDC (GBDC), saying it's well positioned for the macro and market environment
Seeking Alpha • Aug 31

Golub Capital BDC goes ex-dividend tomorrow

Golub Capital BDC (NASDAQ:GBDC) had declared $0.30/share quarterly dividend, in line with previous. Payable Sept. 29; for shareholders of record Sept. 2; ex-div Sept. 1. See GBDC Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Aug 21

Golub Capital: I Am Buying This 8.6% Yielding BDC Hand Over Fist

Golub Capital trades at a 7% discount to net asset value. GBDC out-earned its dividend with NII in 3Q-22, and the pay-out ratio improved due to robust NII performance. Portfolio health remained solid in the second quarter. The United States' economy is in a slump, and persistently high inflation makes it difficult for income investors to protect their purchasing power. Golub Capital BDC Inc. (GBDC) can, in my opinion, assist investors in mitigating economic risks due to the BDC's first lien-focused investment strategy. Golub Capital covered its dividend with net investment income in 3Q-22, while net asset value fell slightly QoQ. The stock trades at a 7% discount to NAV, providing investors with a small margin of safety. Portfolio Actions Golub Capital invests with a safety-first mindset, focusing almost entirely on the highest forms of available debt: First Liens. First Liens accounted for 84% of the business development company's investments at the end of the quarter, a 4% increase from the previous quarter. At the end of 2Q-22, the total weighting towards First Liens (both one stop and traditional senior) was 94%. The total allocation to investments other than First Liens increased by 2 percentage points YoY and remained stable at 6% QoQ. Aside from First Liens, Golub Capital primarily invests in equity and junior debt. Portfolio Highlights (Golub Capital BDC) Golub Capital's portfolio value increased by $187.4 million QoQ to $5.6 billion, with new investment commitments totaling $449.6 million. In the second quarter, approximately 95% of new investments were made in the First Lien category, which is already Golub Capital's core investment product. Equity investments accounted for approximately 5% of new investments in 2Q-22. Investment Activity (Golub Capital BDC) Yields May Come Under Pressure Golub Capital's portfolio yields remained stable in 2Q-22, but rates are rising, and the BDC's rising interest rate costs may limit its ability to generate attractive yields in the future. Golub Capital's investment income yield was 7.5% in 2Q-22, up 0.2 percentage points QoQ. Positioned For Higher Interest Rates (Golub Capital BDC) Credit Quality BDCs primarily invest in high-quality debt instruments, so borrowers must be able to repay whatever money they borrow. Golub Capital has no major issues in this regard. The business development firm's non-accruals did not rise in the last quarter, indicating that credit quality remained stable. Non-accruals at Golub Capital remained stable in 3Q-22, at 1.1% at fair value or 1.5% at cost. Non-Accruals (Golub Capital BDC) Q2’22 Dividend Pay-Out Metrics Golub Capital's stronger business results in 3Q-22 were driven by a recovering economy, which allowed for robust net investment income growth compared to the 2021 period. Golub Capital's net investment income in 3Q-22 was $53.9 million, a 28% increase over the previous year's NII of $42.1 million. I use Golub Capital's adjusted net investment income, which includes the capital gain incentive fee paid to the external manager, to calculate dividend pay-out ratios. The BDC's adjusted NII in 3Q-22 was $0.34 per share, up from $0.30 in 3Q-21. As a result, Golub Capital's dividend payout was easily covered by adjusted NII (pay-out ratio of 88%). Golub Capital distributed 98% of its adjusted net investment income over the last twelve months. NII, Dividend And Pay-Out Ratio (Author Created Table Using BDC Information) Net Asset Value Dropped Only Marginally Golub Capital's net asset value fell $0.21 per share in the third quarter due to unrealized depreciation on the BDC's investments of $0.24 per share. The drop in net asset value was relatively minor (1.4% QoQ), and the BDC's credit quality remained strong. NAV Per Share (Golub Capital BDC) Golub Capital's stock is currently yielding 8.6% and trading at a 7% discount to net asset value. Given that the BDC is invested in a very conservative debt portfolio, the NAV discount provides a reasonable margin of safety. GBDC Price to Book Value data by YCharts Why Golub Capital Could See A Lower Valuation I'm not concerned about Golub Capital's First Lien performance right now. Golub Capital's safety-first investment strategy, combined with strong NII growth and low non-accruals, indicates that the business development firm is running a healthy investment portfolio.
Seeking Alpha • Jul 12

Golub Capital BDC originates $449.6M in fiscal Q3; fair value estimated to rise

Golub Capital BDC (NASDAQ:GBDC) originated $449.6M in new middle-market investment commitments during its fiscal Q3, up from $306.3M in the previous quarter and down from $614.7M in its Q3 2021. About 93% of the new investment commitments were one-stop loans, 2% were senior secured loans, and 5% were equity and other securities. Of the new middle-market investment commitments, $350.0M funded at close. Total investments at fair value are estimated to have increased by ~3.5%, or $187.5M, during the three months ended June 30, 2022 after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses). In its fiscal Q2, Golub Capital BDC (GBDC) posted better-than-expected non-GAAP EPS and worse-than-expected total investment income.
Seeking Alpha • Jun 23

Golub Capital: This Is A Doubling Down Opportunity

Golub Capital covers its dividend with net investment income. Investment commitments grew robustly in 1Q-22. Credit performance deteriorated only slightly. GBDC stock is now available at large discount to book value.
Seeking Alpha • May 26

Golub Capital: Initiating A Position In This 8.5%-Yielding BDC

We discuss Q1 results from GBDC and highlight key income dynamics of the portfolio. GBDC outperformed the broader sector in Q1, delivering a 2.6% return and a rise in the NAV. Its Adjusted NII was a penny below its Q4 level but on par with Q3. Dividend coverage on this basis is 100%. GBDC is well-positioned to grow its income given its string of positive net new investments and its high income beta to rising short-term rates. Its defensive stance is also a plus in the current market environment and is one reason we initiated a position in our Core Income Portfolio.
Seeking Alpha • Apr 14

Golub Capital: Collect A Covered 7.8% Yield From This BDC

Golub Capital has assembled a large, diversified and high-quality loan portfolio. Credit quality and investment yields are stable. The stock sells for just book value.
Seeking Alpha • Feb 21

Golub Capital: 7.6% Yield, Get Paid To Own This Stalwart BDC

Golub Capital has a strong track record of shareholder returns and maintains a safe portfolio strategy. It maintains a sound balance sheet and pays a high yield that's covered by adjusted NII. It's positioned to benefit from higher interest rates, and the stock currently trades below its historical valuations.
Seeking Alpha • Dec 09

Golub Capital BDC: Q3 Update - Income Tailwinds Drive Dividend Increase

GBDC delivered a solid Q3 with a rise in NII and the NAV, driving an increase in the Q4 dividend. We discuss Q3 earnings and highlight some of the key themes. GBDC net new originations were very strong and leverage moved significantly higher - management also increased the upper bound of their target range. Valuation has come off recently and is in a fair-value range. Recent underperformance remains a risk for further derating.
Seeking Alpha • Oct 17

Conservative Portfolio Safely Paying Investors 7.3%: Golub Capital

This article discusses GBDC currently yielding 7.3% and will likely outperform due to recent portfolio growth, investor-friendly fee structure, low operating expenses, a high-quality portfolio, and improved balance sheet. Recent SEC filings indicate 10% portfolio growth during calendar Q3 which will have a meaningful impact on dividend coverage as shown in this article. GBDC is considered lower risk for many reasons including its higher credit quality portfolio of mostly lower yield first-lien and one-stop loans with strong covenant and security protections. Management continues to purchase shares including an additional $40 million over the last 12 months.
Seeking Alpha • Oct 04

Golub Capital BDC: A BDC With A Margin Of Safety

GBDC is a lower-octane option in the BDC sector owing to its low leverage, lower-yield holdings, and significantly below-average equity allocation. GBDC has delivered respectable 5-year total NAV returns of around 8.4% CAGR (vs. 9.0% average) in the sector and trades at a below-average valuation of 103%. GBDC has a shareholder-friendly fee structure with a relatively low base management fee and a relatively high-income hurdle rate of 8%. Lower cost of debt, growing net acquisitions, a reduction in non-accruals, and an expectation of higher leverage are all income tailwinds.
Seeking Alpha • Sep 21

Golub Capital: This Stalwart Pays You A 7.6% Yield

Golub Capital is a well-managed BDC that has provided strong shareholder returns since inception. Its portfolio has recovered rather well, and management is seeing record deal origination volume. It maintains a sound balance sheet and appears to be attractively priced, especially after the recent share price weakness.

Rendement pour les actionnaires

GBDCUS Capital MarketsUS Marché
7D-7.1%1.1%1.4%
1Y-15.5%12.0%25.7%

Rendement vs Industrie: GBDC a sous-performé le secteur US Capital Markets qui a rapporté 12 % au cours de l'année écoulée.

Rendement vs marché: GBDC a sous-performé le marché US qui a rapporté 25.7 % au cours de l'année écoulée.

Volatilité des prix

Is GBDC's price volatile compared to industry and market?
GBDC volatility
GBDC Average Weekly Movement3.5%
Capital Markets Industry Average Movement3.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Cours de l'action stable: GBDC n'a pas connu de volatilité de prix significative au cours des 3 derniers mois par rapport au marché US.

Volatilité au fil du temps: La volatilité hebdomadaire de GBDC ( 3% ) est restée stable au cours de l'année écoulée.

À propos de l'entreprise

FondéeSalariésPDGSite web
2007n/aDavid Golubwww.golubcapitalbdc.com

Golub Capital BDC, Inc. (GBDC) est une société de développement commercial et opère en tant que société d'investissement à capital fixe non diversifiée et gérée de manière externe. Elle investit dans des dettes et des participations minoritaires dans des entreprises du marché intermédiaire qui sont, dans la plupart des cas, parrainées par des investisseurs privés. Elle investit généralement dans les services diversifiés aux consommateurs, l'automobile, les technologies de la santé, l'assurance, les équipements et fournitures de santé, les hôtels, restaurants et loisirs, les prestataires et services de santé, les services informatiques et la vente au détail spécialisée.

Golub Capital BDC, Inc. Résumé des fondamentaux

Comment les bénéfices et les revenus de Golub Capital BDC se comparent-ils à sa capitalisation boursière ?
GBDC statistiques fondamentales
Capitalisation boursièreUS$3.22b
Bénéfices(TTM)US$204.80m
Recettes(TTM)US$831.33m
15.7x
Ratio P/E
3.9x
Ratio P/S

Le site GBDC est-il surévalué ?

Voir Juste valeur et analyse de l'évaluation

Bénéfices et recettes

Principales statistiques de rentabilité tirées du dernier rapport sur les bénéfices (TTM)
GBDC compte de résultat (TTM)
RecettesUS$831.33m
Coût des recettesUS$0
Marge bruteUS$831.33m
Autres dépensesUS$626.53m
Les revenusUS$204.80m

Derniers bénéfices déclarés

Mar 31, 2026

Prochaine date de publication des résultats

s/o

Résultat par action (EPS)0.79
Marge brute100.00%
Marge bénéficiaire nette24.64%
Ratio dettes/capitaux propres125.5%

Quelles ont été les performances à long terme de GBDC?

Voir les performances historiques et les comparaisons

Dividendes

10.7%
Rendement actuel des dividendes
194%
Ratio de distribution

Le site GBDC verse-t-il des dividendes fiables ?

Voir GBDC l'historique des dividendes et les indices de référence
Quand faut-il acheter GBDC pour recevoir un dividende à venir ?
Golub Capital BDC dates des dividendes
Date ex-dividendeJun 15 2026
Date de paiement du dividendeJun 29 2026
Jours jusqu'au dividende Ex6 days
Jours jusqu'à la date de paiement du dividende8 days

Le site GBDC verse-t-il des dividendes fiables ?

Voir GBDC l'historique des dividendes et les indices de référence

Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2026/06/21 07:13
Cours de l'action en fin de journée2026/06/18 00:00
Les revenus2026/03/31
Revenus annuels2025/09/30

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d'analyse utilisé pour générer ce rapport sont disponibles sur notre page Github, nous proposons également des guides pour apprendre à utiliser nos rapports et des tutoriels sur YouTube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Golub Capital BDC, Inc. est couverte par 12 analystes. 6 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
Derek HewettBofA Global Research
Mitchel PennBrean Capital Historical (Janney Montgomery)
David ChiaveriniCantor Fitzgerald & Co.