NasdaqGS:FDUS

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Executive Summary

Fidus Investment Corporation is a business development company. More Details

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Fidus Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FDUS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FDUS's weekly volatility has decreased from 13% to 3% over the past year.


Market Performance


7 Day Return

1.6%

FDUS

1.5%

US Capital Markets

-0.4%

US Market


1 Year Return

12.4%

FDUS

45.4%

US Capital Markets

36.2%

US Market

Return vs Industry: FDUS underperformed the US Capital Markets industry which returned 45.4% over the past year.

Return vs Market: FDUS underperformed the US Market which returned 36.2% over the past year.


Shareholder returns

FDUSIndustryMarket
7 Day1.6%1.5%-0.4%
30 Day13.2%3.3%-2.3%
90 Day14.0%14.5%5.0%
1 Year26.3%12.4%49.0%45.4%39.1%36.2%
3 Year60.8%18.7%35.9%25.9%48.4%39.0%
5 Year73.6%4.7%145.9%115.5%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Fidus Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fidus Investment undervalued compared to its fair value and its price relative to the market?

11.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FDUS ($15.26) is trading above our estimate of fair value ($13.96)

Significantly Below Fair Value: FDUS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FDUS is good value based on its PE Ratio (11.9x) compared to the US Capital Markets industry average (23.4x).

PE vs Market: FDUS is good value based on its PE Ratio (11.9x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: FDUS is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: FDUS is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (19.8x).

Future Growth

How is Fidus Investment forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FDUS's forecast earnings growth (7.5% per year) is above the savings rate (2%).

Earnings vs Market: FDUS's earnings (7.5% per year) are forecast to grow slower than the US market (19.2% per year).

High Growth Earnings: FDUS's earnings are forecast to grow, but not significantly.

Revenue vs Market: FDUS's revenue is expected to decline over the next 3 years (-1.1% per year).

High Growth Revenue: FDUS's revenue is forecast to decline over the next 3 years (-1.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FDUS's Return on Equity is forecast to be low in 3 years time (8.3%).

Past Performance

How has Fidus Investment performed over the past 5 years?

-4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FDUS has a large one-off loss of $8.4M impacting its December 31 2020 financial results.

Growing Profit Margin: FDUS's current net profit margins (36.7%) are lower than last year (62.3%).


Past Earnings Growth Analysis

Earnings Trend: FDUS's earnings have declined by 4% per year over the past 5 years.

Accelerating Growth: FDUS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FDUS had negative earnings growth (-35%) over the past year, making it difficult to compare to the Capital Markets industry average (10.4%).


Return on Equity

High ROE: FDUS's Return on Equity (7.6%) is considered low.

Financial Health

How is Fidus Investment's financial position?


Financial Position Analysis

Short Term Liabilities: FDUS's short term assets ($132.9M) exceed its short term liabilities ($21.7M).

Long Term Liabilities: FDUS's short term assets ($132.9M) do not cover its long term liabilities ($443.3M).


Debt to Equity History and Analysis

Debt Level: FDUS's debt to equity ratio (107.9%) is considered high.

Reducing Debt: FDUS's debt to equity ratio has increased from 90.6% to 107.9% over the past 5 years.

Debt Coverage: FDUS's debt is not well covered by operating cash flow (8%).

Interest Coverage: FDUS's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet

Dividend

What is Fidus Investment current dividend yield, its reliability and sustainability?

8.13%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: FDUS's dividend (8.13%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: FDUS's dividend (8.13%) is in the top 25% of dividend payers in the US market (3.64%)


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (104.1%), FDUS's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FDUS's dividends in 3 years are forecast to be covered by earnings (87.8% payout ratio).

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

Ed Ross (54 yo)

9.75yrs

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

NamePositionTenureCompensationOwnership
Edward Ross
Chairman & CEO9.75yrsno data0.73%
$ 2.7m
Thomas Lauer
President & Director9.75yrsno data0.33%
$ 1.2m
Shelby Sherard
CFO, Chief Compliance Officer & Secretary6.75yrsno data0.13%
$ 483.1k
Jody Burfening
Investor Relations Contactno datano datano data

6.8yrs

Average Tenure

52yo

Average Age

Experienced Management: FDUS's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward Ross
Chairman & CEO9.75yrsno data0.73%
$ 2.7m
Thomas Lauer
President & Director9.75yrsno data0.33%
$ 1.2m
Charles Hyman
Independent Director9.75yrsUS$100.00k0.10%
$ 384.5k
Raymond Anstiss
Independent Director9.5yrsUS$105.00k0.11%
$ 395.2k
Edward Tune
Independent Director2yrsUS$95.00k0.025%
$ 91.6k

9.8yrs

Average Tenure

53yo

Average Age

Experienced Board: FDUS's board of directors are considered experienced (9.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fidus Investment Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fidus Investment Corporation
  • Ticker: FDUS
  • Exchange: NasdaqGS
  • Founded: 2011
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$372.915m
  • Shares outstanding: 24.44m
  • Website: https://www.fdus.com

Location

  • Fidus Investment Corporation
  • 1603 Orrington Avenue
  • Suite 1005
  • Evanston
  • Illinois
  • 60201
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FDUSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 2011
8QPDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2011

Biography

Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, g...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 23:59
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.