Fidus Investment
Market Cap
US$372.9m
Last Updated
2021/03/06 23:59 UTC
Data Sources
Company Financials +
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
| FDUS | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 1.5% | -0.4% |
| 30 Day | 13.2% | 3.3% | -2.3% |
| 90 Day | 14.0% | 14.5% | 5.0% |
| 1 Year | 26.3%12.4% | 49.0%45.4% | 39.1%36.2% |
| 3 Year | 60.8%18.7% | 35.9%25.9% | 48.4%39.0% |
| 5 Year | 73.6%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
4 years ago | Simply Wall St
What To Expect From Fidus Investment Corporation's (FDUS) Earnings In The Year Ahead?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 9.75yrs | no data | 0.73% $ 2.7m | |
| President & Director | 9.75yrs | no data | 0.33% $ 1.2m | |
| CFO, Chief Compliance Officer & Secretary | 6.75yrs | no data | 0.13% $ 483.1k | |
| Investor Relations Contact | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 9.75yrs | no data | 0.73% $ 2.7m | |
| President & Director | 9.75yrs | no data | 0.33% $ 1.2m | |
| Independent Director | 9.75yrs | US$100.00k | 0.10% $ 384.5k | |
| Independent Director | 9.5yrs | US$105.00k | 0.11% $ 395.2k | |
| Independent Director | 2yrs | US$95.00k | 0.025% $ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FDUS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 2011 |
| 8QP | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 23:59 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.