Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans. It does not invest in turnarounds or distressed situations.
Fidus Investment Fundamentals Summary
How do Fidus Investment's earnings and revenue compare to its market cap?
Is Fidus Investment undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
9.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FDUS ($19.42) is trading below our estimate of fair value ($21.53)
Significantly Below Fair Value: FDUS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FDUS is good value based on its Price-To-Earnings Ratio (4.1x) compared to the US Capital Markets industry average (29.6x).
PE vs Market: FDUS is good value based on its Price-To-Earnings Ratio (4.1x) compared to the US market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: FDUS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FDUS is overvalued based on its Price-To-Book Ratio (1x) compared to the US Capital Markets industry average (-18.8x).
Future Growth
How is Fidus Investment forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-29.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDUS's earnings are forecast to decline over the next 3 years (-29.1% per year).
Earnings vs Market: FDUS's earnings are forecast to decline over the next 3 years (-29.1% per year).
High Growth Earnings: FDUS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FDUS's revenue (8.8% per year) is forecast to grow faster than the US market (7.7% per year).
High Growth Revenue: FDUS's revenue (8.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FDUS's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Fidus Investment performed over the past 5 years?
Past Performance Score
4/6
Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
18.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDUS has a large one-off gain of $91.9M impacting its March 31 2022 financial results.
Growing Profit Margin: FDUS's current net profit margins are higher than last year (78.9%).
Past Earnings Growth Analysis
Earnings Trend: FDUS's earnings have grown by 18.5% per year over the past 5 years.
Accelerating Growth: FDUS's earnings growth over the past year (66.7%) exceeds its 5-year average (18.5% per year).
Earnings vs Industry: FDUS earnings growth over the past year (66.7%) underperformed the Capital Markets industry 96.7%.
Return on Equity
High ROE: FDUS's Return on Equity (23.9%) is considered high.
Financial Health
How is Fidus Investment's financial position?
Financial Health Score
1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: FDUS's short term assets ($97.0M) exceed its short term liabilities ($35.5M).
Long Term Liabilities: FDUS's short term assets ($97.0M) do not cover its long term liabilities ($387.1M).
Debt to Equity History and Analysis
Debt Level: FDUS's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: FDUS's debt to equity ratio has increased from 55% to 79.6% over the past 5 years.
Debt Coverage: FDUS's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: FDUS's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
Dividend
What is Fidus Investment current dividend yield, its reliability and sustainability?
Dividend Score
4/6
Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
9.68%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FDUS's dividend (9.68%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: FDUS's dividend (9.68%) is in the top 25% of dividend payers in the US market (4.06%)
Stability and Growth of Payments
Stable Dividend: FDUS's dividend payments have been volatile in the past 10 years.
Growing Dividend: FDUS's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.5%), FDUS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (136.1%), FDUS's dividend payments are not well covered by cash flows.
Management
How experienced are the management team and are they aligned to shareholders interests?
7.9yrs
Average management tenure
CEO
Ed Ross (55 yo)
10.92yrs
Tenure
Mr. Edward H. Ross, also known as Ed, serves as the Chairman and Chief Executive Officer of Fidus Investment Corp. since June 2011. Mr. Ross serves as Partner, Chief Executive Officer and Manager at Fidus...
Leadership Team
Experienced Management: FDUS's management team is seasoned and experienced (7.9 years average tenure).
Board Members
Experienced Board: FDUS's board of directors are seasoned and experienced ( 10.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Fidus Investment Corporation's employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/05/25 00:00
End of Day Share Price
2022/05/25 00:00
Earnings
2022/03/31
Annual Earnings
2021/12/31
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.