NasdaqGS:GBDC

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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

GBDCIndustryMarket
7 Day-3.0%0.01%-1.3%
30 Day-1.9%5.9%5.3%
90 Day9.7%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 Year20.1%-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

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

NamePositionTenureCompensationOwnership
David Golub
CEO & Director10.92yrsno data1.18%
$ 26.1m
Ross Teune
CFO & Treasurer9.83yrsno data0.0093%
$ 205.0k
Joshua Levinson
Co-General Counsel9.17yrsno data0.029%
$ 641.5k
Andrew Steuerman
Senior Managing Director of Golub Capitalno datano datano data
Gregory Cashman
Senior Managing Director of Golub Capitalno datano datano data
Christina Jamieson
Head of Broadly Syndicated Loansno datano datano data
Brian Carroll
Senior Vice Presidentno datano datano data
Stefano Robertson
Managing Directorno datano datano data
Craig Petrusha
Principalno datano datano data
Matthew Fulk
Principalno datano datano data
Jonathan Pearl
Senior Vice Presidentno datano datano data
Mark Lindberg
Senior Vice Presidentno datano datano 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

NamePositionTenureCompensationOwnership
David Golub
CEO & Director10.92yrsno data1.18%
$ 26.1m
Lawrence Golub
Chairman of the Board10.92yrsno datano data
Kenneth Bernstein
Director10.75yrsUS$72.20k0.032%
$ 710.3k
John Baily
Director10.5yrsUS$73.40k0.029%
$ 632.5k
William Webster
Director10.75yrsUS$80.90k0.16%
$ 3.5m
Anita Rosenberg
Director9.42yrsUS$73.40k0.037%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GBDCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 2010
OGLDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2010
0IZ6LSE (London Stock Exchange)YesCommon StockGBUSDApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 23:39
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.