Golub Capital BDC, Inc.

NasdaqGS:GBDC Stock Report

Market Cap: US$4.1b

Golub Capital BDC Past Earnings Performance

Past criteria checks 1/6

Golub Capital BDC has been growing earnings at an average annual rate of 29.3%, while the Capital Markets industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 25.4% per year. Golub Capital BDC's return on equity is 6.8%, and it has net margins of 37.8%.

Key information

29.3%

Earnings growth rate

30.2%

EPS growth rate

Capital Markets Industry Growth10.3%
Revenue growth rate25.4%
Return on equity6.8%
Net Margin37.8%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 2 (Includes Updated Dividend Projections)

Dec 18

Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 1 (Includes Recommendations As Of 11/29/2024)

Dec 04

Golub Capital: 10% Yield, Special Dividends, No NAV Premium

Nov 27

Golub Capital: High-Yield Play With Caveats

Nov 14

Golub Capital: A Good Blend Of Yield, Quality, And Income In An Expensive Sector

Oct 31

Golub Capital: Healthy And Well-Covered 11% Dividend

Oct 13

Golub Capital BDC: A Solid Quarter But Worse Under The Hood

Sep 16

Golub Capital BDC: A Strong 12% BDC Yield Trading Below NAV

Sep 10

Golub Capital: 11% Yield And Cheap (Upgrade)

Aug 19

Golub Capital: Price Drop Brings This Into Buy Zone (Rating Upgrade)

Aug 03

Golub Capital: Buy The Dip On This 10% Yield

Jul 21

Golub Capital: A 10% Yielding BDC That Remains An Attractive Income Play

Jun 13

Golub Capital: 11% Yield And Merger Catalyst

May 24

Golub Capital: Outperformance In Q2 Made This BDC Too Expensive (Downgrade)

May 07

Golub Capital: Add To Your Cashflow With This 9.4% Yield

Apr 04

Golub Capital: A BDC To Consider Whether Or Not Rates Remain Higher

Feb 24

Golub Capital: Q1 Earnings Show Additional Supplemental Distributions Likely

Feb 06

Golub Capital BDC originates $176.7M commitments in fiscal Q4; fair value declines

Oct 11

Golub Capital BDC goes ex-dividend tomorrow

Aug 31

Golub Capital: I Am Buying This 8.6% Yielding BDC Hand Over Fist

Aug 21

Golub Capital BDC originates $449.6M in fiscal Q3; fair value estimated to rise

Jul 12

Golub Capital: This Is A Doubling Down Opportunity

Jun 23

Golub Capital: Initiating A Position In This 8.5%-Yielding BDC

May 26

Golub Capital: Collect A Covered 7.8% Yield From This BDC

Apr 14

Golub Capital: 7.6% Yield, Get Paid To Own This Stalwart BDC

Feb 21

Golub Capital BDC: Q3 Update - Income Tailwinds Drive Dividend Increase

Dec 09

Conservative Portfolio Safely Paying Investors 7.3%: Golub Capital

Oct 17

Golub Capital BDC: A BDC With A Margin Of Safety

Oct 04

Golub Capital: This Stalwart Pays You A 7.6% Yield

Sep 21

Golub Capital records record deal activity in Q4

Jan 11

Golub Capital BDC: Short-Term Pain, Long-Term Gain

Dec 06

Golub Capital BDC NII beats by $0.01, misses on total investment income

Nov 30

Revenue & Expenses Breakdown

How Golub Capital BDC makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:GBDC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 247252741290
30 Jun 246652801300
31 Mar 246483441530
31 Dec 236313091600
30 Sep 236032591600
30 Jun 235581651570
31 Mar 234991081340
31 Dec 224381161170
30 Sep 223881531020
30 Jun 22349217810
31 Mar 22329284810
31 Dec 21320309780
30 Sep 21307340740
30 Jun 21298363770
31 Mar 21295423790
31 Dec 20294102810
30 Sep 2029955850
30 Jun 20276-114760
31 Mar 20245-237670
31 Dec 1921110560
30 Sep 19172-19430
30 Jun 1916471440
31 Mar 1916074430
31 Dec 1815579430
30 Sep 1815282430
30 Jun 1814789400
31 Mar 1814487390
31 Dec 1714085380
30 Sep 1713882370
30 Jun 1713776380
31 Mar 1713474380
31 Dec 1613168360
30 Sep 1612869350
30 Jun 1612773360
31 Mar 1612573360
31 Dec 1512376380
30 Sep 1512071360
30 Jun 1511772350
31 Mar 1511569330
31 Dec 1411166320
30 Sep 1411065330
30 Jun 1410257300
31 Mar 149654300
31 Dec 139152290

Quality Earnings: GBDC has a large one-off loss of $113.0M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: GBDC's current net profit margins (37.8%) are lower than last year (42.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GBDC has become profitable over the past 5 years, growing earnings by 29.3% per year.

Accelerating Growth: GBDC's earnings growth over the past year (5.9%) is below its 5-year average (29.3% per year).

Earnings vs Industry: GBDC earnings growth over the past year (5.9%) did not outperform the Capital Markets industry 12.8%.

Return on Equity

High ROE: GBDC's Return on Equity (6.8%) is considered low.

Return on Assets

Return on Capital Employed

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 23:55
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Golub Capital BDC, Inc. is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Derek HewettBofA Global Research
Christopher TestaB. Riley Wealth
David ChiaveriniCantor Fitzgerald & Co.