Golub Capital BDC
Market Cap
US$2.2b
Last Updated
2020/10/20 23:39 UTC
Data Sources
Company Financials +
Executive Summary
Golub Capital BDC, Inc. is a business development company and operates as an externally managed closed-end non-diversified management investment company. More Details
Rewards
Snowflake Analysis
Similar Companies
Share Price & News
How has Golub Capital BDC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GBDC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.0%
GBDC
0.01%
US Capital Markets
-1.3%
US Market
1 Year Return
-25.7%
GBDC
9.9%
US Capital Markets
18.5%
US Market
Return vs Industry: GBDC underperformed the US Capital Markets industry which returned 9.9% over the past year.
Return vs Market: GBDC underperformed the US Market which returned 18.5% over the past year.
Shareholder returns
| GBDC | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | 0.01% | -1.3% |
| 30 Day | -1.9% | 5.9% | 5.3% |
| 90 Day | 9.7% | 2.8% | 7.5% |
| 1 Year | -18.6%-25.7% | 12.7%9.9% | 21.3%18.5% |
| 3 Year | -12.7%-31.4% | 22.6%13.1% | 42.4%32.9% |
| 5 Year | 20.1%-19.1% | 70.9%49.4% | 84.2%63.5% |
Price Volatility Vs. Market
How volatile is Golub Capital BDC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
What Do Investors Need To Know About Golub Capital BDC Inc's (GBDC) Future?Valuation
Is Golub Capital BDC undervalued compared to its fair value and its price relative to the market?
0.94x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: GBDC ($13.18) is trading above our estimate of fair value ($11.59)
Significantly Below Fair Value: GBDC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GBDC is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: GBDC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GBDC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GBDC is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (4.8x).
Future Growth
How is Golub Capital BDC forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
113.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GBDC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: GBDC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GBDC's is expected to become profitable in the next 3 years.
Revenue vs Market: GBDC's revenue (6% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: GBDC's revenue (6% 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 GBDC's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Golub Capital BDC performed over the past 5 years?
-36.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GBDC is currently unprofitable.
Growing Profit Margin: GBDC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GBDC is unprofitable, and losses have increased over the past 5 years at a rate of 36.9% per year.
Accelerating Growth: Unable to compare GBDC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GBDC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (11.9%).
Return on Equity
High ROE: GBDC has a negative Return on Equity (-4.84%), as it is currently unprofitable.
Financial Health
How is Golub Capital BDC's financial position?
Financial Position Analysis
Short Term Liabilities: GBDC's short term assets ($141.1M) exceed its short term liabilities ($37.7M).
Long Term Liabilities: GBDC's short term assets ($141.1M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: GBDC's debt to equity ratio (85.3%) is considered high.
Reducing Debt: GBDC's debt to equity ratio has reduced from 102% to 85.3% over the past 5 years.
Debt Coverage: GBDC's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: GBDC is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Golub Capital BDC current dividend yield, its reliability and sustainability?
9.79%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GBDC's dividend (9.79%) is higher than the bottom 25% of dividend payers in the US market (1.64%).
High Dividend: GBDC's dividend (9.79%) is in the top 25% of dividend payers in the US market (4.68%)
Stability and Growth of Payments
Stable Dividend: GBDC's dividend payments have been volatile in the past 10 years.
Growing Dividend: GBDC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: GBDC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: GBDC's dividends in 3 years are not forecast to be well covered by earnings (103.3% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
9.8yrs
Average management tenure
CEO
David Golub (58 yo)
10.92yrs
Tenure
Mr. David B Golub serves as President in GC OPAL Advisors LLC. He also serves as the President and Member of Board of Directors at Golub Capital LLC and has been the Vice Chairman from January 2004. Mr. Go ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.92yrs | no data | 1.18% $ 26.1m | |
| CFO & Treasurer | 9.83yrs | no data | 0.0093% $ 205.0k | |
| Co-General Counsel | 9.17yrs | no data | 0.029% $ 641.5k | |
| Senior Managing Director of Golub Capital | no data | no data | no data | |
| Senior Managing Director of Golub Capital | no data | no data | no data | |
| Head of Broadly Syndicated Loans | no data | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| Managing Director | no data | no data | no data | |
| Principal | no data | no data | no data | |
| Principal | no data | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| Senior Vice President | no data | no data | no data |
9.8yrs
Average Tenure
52yo
Average Age
Experienced Management: GBDC's management team is seasoned and experienced (9.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.92yrs | no data | 1.18% $ 26.1m | |
| Chairman of the Board | 10.92yrs | no data | no data | |
| Director | 10.75yrs | US$72.20k | 0.032% $ 710.3k | |
| Director | 10.5yrs | US$73.40k | 0.029% $ 632.5k | |
| Director | 10.75yrs | US$80.90k | 0.16% $ 3.5m | |
| Director | 9.42yrs | US$73.40k | 0.037% $ 820.9k |
10.8yrs
Average Tenure
60yo
Average Age
Experienced Board: GBDC's board of directors are seasoned and experienced ( 10.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GBDC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26.2%.
Top Shareholders
Company Information
Golub Capital BDC, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Golub Capital BDC, Inc.
- Ticker: GBDC
- Exchange: NasdaqGS
- Founded: 2009
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$2.204b
- Shares outstanding: 167.26m
- Website: https://www.golubcapitalbdc.com
Location
- Golub Capital BDC, Inc.
- Chicago
- Illinois
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GBDC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 2010 |
| OGL | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 2010 |
| 0IZ6 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Apr 2010 |
Biography
Golub Capital BDC, Inc. is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/20 23:39 |
| End of Day Share Price | 2020/10/20 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/09/30 |
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.