NasdaqGS:GLAD

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Executive Summary

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. More Details

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Snowflake Analysis


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Share Price & News

How has Gladstone Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

Volatility Over Time: GLAD's weekly volatility has decreased from 10% to 3% over the past year.


Market Performance


7 Day Return

1.8%

GLAD

1.0%

US Capital Markets

-0.7%

US Market


1 Year Return

9.2%

GLAD

38.8%

US Capital Markets

36.6%

US Market

Return vs Industry: GLAD underperformed the US Capital Markets industry which returned 38.8% over the past year.

Return vs Market: GLAD underperformed the US Market which returned 36.6% over the past year.


Shareholder returns

GLADIndustryMarket
7 Day1.8%1.0%-0.7%
30 Day9.2%10.8%4.3%
90 Day17.5%17.0%8.1%
1 Year21.6%9.2%42.2%38.8%39.6%36.6%
3 Year48.8%11.8%40.1%29.7%53.5%43.7%
5 Year127.9%41.5%152.2%121.0%123.7%98.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Gladstone Capital undervalued compared to its fair value and its price relative to the market?

32.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GLAD ($9.93) is trading above our estimate of fair value ($2.76)

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


Price To Earnings Ratio

PE vs Industry: GLAD is poor value based on its PE Ratio (32.1x) compared to the US Capital Markets industry average (22.8x).

PE vs Market: GLAD is poor value based on its PE Ratio (32.1x) compared to the US market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: GLAD is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: GLAD is good value based on its PB Ratio (1.3x) compared to the US Capital Markets industry average (15x).

Future Growth

How is Gladstone Capital forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

20.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLAD's forecast earnings growth (20.9% per year) is above the savings rate (2%).

Earnings vs Market: GLAD's earnings (20.9% per year) are forecast to grow faster than the US market (19.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GLAD's revenue (7.4% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: GLAD's revenue (7.4% 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 GLAD's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Gladstone Capital performed over the past 5 years?

-3.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLAD has a large one-off loss of $14.1M impacting its December 31 2020 financial results.

Growing Profit Margin: GLAD's current net profit margins (20%) are lower than last year (47.5%).


Past Earnings Growth Analysis

Earnings Trend: GLAD has become profitable over the past 5 years, growing earnings by -3.1% per year.

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

Earnings vs Industry: GLAD had negative earnings growth (-59.2%) over the past year, making it difficult to compare to the Capital Markets industry average (10.4%).


Return on Equity

High ROE: GLAD's Return on Equity (3.9%) is considered low.

Financial Health

How is Gladstone Capital's financial position?


Financial Position Analysis

Short Term Liabilities: GLAD's short term assets ($6.1M) exceed its short term liabilities ($4.1M).

Long Term Liabilities: GLAD's short term assets ($6.1M) do not cover its long term liabilities ($208.2M).


Debt to Equity History and Analysis

Debt Level: GLAD's debt to equity ratio (84.2%) is considered high.

Reducing Debt: GLAD's debt to equity ratio has increased from 60.4% to 84.2% over the past 5 years.

Debt Coverage: GLAD's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GLAD's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet

Dividend

What is Gladstone Capital current dividend yield, its reliability and sustainability?

7.85%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: GLAD's dividend (7.85%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: GLAD's dividend (7.85%) is in the top 25% of dividend payers in the US market (3.72%)


Stability and Growth of Payments

Stable Dividend: GLAD's dividend payments have been volatile in the past 10 years.

Growing Dividend: GLAD's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (256.8%), GLAD's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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

11.4yrs

Average management tenure


CEO

David Gladstone (78 yo)

19.83yrs

Tenure

Mr. David John Gladstone has been the Chief Executive Officer, President, Chief Investment Officer and Director of Gladstone Acquisition Corporation since January 2021 and serves as its Chairman. He is a F...


Leadership Team

NamePositionTenureCompensationOwnership
David Gladstone
Chairman & CEO19.83yrsno data3.11%
$ 10.0m
Terry Brubaker
Vice Chairman16.92yrsno datano data
Robert Marcotte
Executive MD & President7.17yrsno data1.57%
$ 5.1m
Nicole Schaltenbrand
CFO & Treasurer5yrsno data0.0099%
$ 32.0k
Karin McLaughlin
Investor Relation Specialistno datano datano data
John Dellafiora
Chief Compliance Officer13.5yrsno datano data
Michael LiCalsi
General Counsel & Secretary11.42yrsno data0.026%
$ 82.8k
David Dullum
Executive VP9.17yrsUS$28.00kno data
John Freal
Managing Director of Private Financeno datano datano data
John Sateri
Managing Director of Private Financeno datano datano data
Christopher Lee
Managing Director of Private Equityno datano datano data
Michael McQuigg
Executive VP & Senior MDno datano datano data

11.4yrs

Average Tenure

67yo

Average Age

Experienced Management: GLAD's management team is seasoned and experienced (11.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Gladstone
Chairman & CEO19.83yrsno data3.11%
$ 10.0m
Terry Brubaker
Vice Chairman16.92yrsno datano data
Walter Wilkinson
Independent Director6.42yrsUS$41.00k0.056%
$ 179.5k
Michela English
Independent Director18.75yrsUS$38.00k0.0049%
$ 15.8k
Anthony Parker
Independent Director19.58yrsUS$49.50kno data
Paul Adelgren
Lead Independent Directorno dataUS$38.00k0.035%
$ 113.8k
John Outland
Independent Director17.25yrsUS$53.00k0.010%
$ 32.7k
Caren Merrick
Independent Director6.33yrsUS$45.00k0.0087%
$ 28.2k

17.3yrs

Average Tenure

75yo

Average Age

Experienced Board: GLAD's board of directors are seasoned and experienced ( 17.3 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 been diluted in the past year, with total shares outstanding growing by 4.2%.


Top Shareholders

Company Information

Gladstone Capital Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gladstone Capital Corporation
  • Ticker: GLAD
  • Exchange: NasdaqGS
  • Founded: 2001
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$322.265m
  • Shares outstanding: 32.45m
  • Website: https://www.gladstonecapital.com

Location

  • Gladstone Capital Corporation
  • 1521 Westbranch Drive
  • Suite 100
  • McLean
  • Virginia
  • 22102
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLADNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2001
1G7DB (Deutsche Boerse AG)YesCommon StockDEEURAug 2001

Biography

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/02 23:57
End of Day Share Price2021/03/02 00:00
Earnings2020/12/31
Annual Earnings2020/09/30


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.