Barings BDC
Market Cap
US$633.6m
Last Updated
2021/02/27 00:13 UTC
Data Sources
Company Financials +
Executive Summary
Barings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. More Details
Rewards
Risk Analysis
Dividend of 7.84% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
High growth potential unattractive dividend payer.
Similar Companies
Share Price & News
How has Barings BDC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BBDC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: BBDC's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
4.2%
BBDC
-2.6%
US Capital Markets
-4.6%
US Market
1 Year Return
2.8%
BBDC
38.0%
US Capital Markets
38.5%
US Market
Return vs Industry: BBDC underperformed the US Capital Markets industry which returned 38% over the past year.
Return vs Market: BBDC underperformed the US Market which returned 38.5% over the past year.
Shareholder returns
| BBDC | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.2% | -2.6% | -4.6% |
| 30 Day | 8.0% | 8.5% | 0.6% |
| 90 Day | 10.9% | 14.9% | 1.9% |
| 1 Year | 10.8%2.8% | 41.3%38.0% | 41.5%38.5% |
| 3 Year | 15.7%-16.3% | 39.5%29.1% | 56.7%46.7% |
| 5 Year | -14.1%-49.7% | 140.6%110.9% | 123.5%98.6% |
Long-Term Price Volatility Vs. Market
How volatile is Barings BDC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Is Barings BDC, Inc. (NYSE:BBDC) A Strong Dividend Stock?4 months ago | Simply Wall St
Is Barings BDC, Inc. (NYSE:BBDC) A Good Dividend Stock?4 months ago | Simply Wall St
Have Insiders Been Buying Barings BDC, Inc. (NYSE:BBDC) Shares?Valuation
Is Barings BDC undervalued compared to its fair value and its price relative to the market?
0.88x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BBDC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BBDC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BBDC is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: BBDC 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 BBDC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BBDC is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (12.8x).
Next Steps
Future Growth
How is Barings BDC forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
119.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BBDC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: BBDC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BBDC's is expected to become profitable in the next 3 years.
Revenue vs Market: BBDC's revenue (22.6% per year) is forecast to grow faster than the US market (10.4% per year).
High Growth Revenue: BBDC's revenue (22.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BBDC's Return on Equity is forecast to be low in 3 years time (7.8%).
Next Steps
Past Performance
How has Barings BDC performed over the past 5 years?
-45.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BBDC is currently unprofitable.
Growing Profit Margin: BBDC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BBDC is unprofitable, and losses have increased over the past 5 years at a rate of 45.7% per year.
Accelerating Growth: Unable to compare BBDC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BBDC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.1%).
Return on Equity
High ROE: BBDC has a negative Return on Equity (-0.76%), as it is currently unprofitable.
Next Steps
Financial Health
How is Barings BDC's financial position?
Financial Position Analysis
Short Term Liabilities: BBDC's short term assets ($101.9M) exceed its short term liabilities ($5.8M).
Long Term Liabilities: BBDC's short term assets ($101.9M) do not cover its long term liabilities ($690.8M).
Debt to Equity History and Analysis
Debt Level: BBDC's debt to equity ratio (131.3%) is considered high.
Reducing Debt: BBDC's debt to equity ratio has increased from 97.6% to 131.3% over the past 5 years.
Debt Coverage: BBDC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BBDC is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Barings BDC current dividend yield, its reliability and sustainability?
7.84%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BBDC's dividend (7.84%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: BBDC's dividend (7.84%) is in the top 25% of dividend payers in the US market (3.76%)
Stability and Growth of Payments
Stable Dividend: BBDC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BBDC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: BBDC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: BBDC's dividends in 3 years are not forecast to be well covered by earnings (93.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Eric Lloyd (51 yo)
2.5yrs
Tenure
Mr. Eric J. Lloyd serves as Head of Global Private Assets at Barings Multifamily Capital LLC. He has been Chief Executive Officer and Director of Barings BDC, Inc. since August 2, 2018 and also served as i...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.5yrs | no data | 0.044% $ 280.6k | |
| President | 2.5yrs | no data | no data | |
| Chief Financial Officer | 2.5yrs | no data | 0.034% $ 214.1k | |
| Principal Accounting Officer & Controller | 1.08yrs | no data | 0.018% $ 116.7k | |
| Secretary & Chief Legal Officer | no data | no data | no data | |
| Chief Compliance Officer | no data | no data | no data | |
| Chief Communications Officer & Media Relations | no data | no data | no data | |
| Treasurer | no data | no data | 0.011% $ 67.9k | |
| Associate Director | no data | no data | no data |
2.5yrs
Average Tenure
51yo
Average Age
Experienced Management: BBDC's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.5yrs | no data | 0.044% $ 280.6k | |
| Independent Director | 0.17yr | no data | 0.55% $ 3.5m | |
| Independent Director | 2.5yrs | US$120.00k | 0.0061% $ 38.8k | |
| Independent Director | 4.33yrs | US$122.20k | 0.023% $ 144.1k | |
| Independent Director | 2.5yrs | US$120.00k | 0.0092% $ 58.2k | |
| Lead Independent Director | no data | US$120.00k | 0.0084% $ 53.3k | |
| Chairman of the Board | 2.5yrs | no data | 0.020% $ 128.9k | |
| Director | 0.25yr | no data | 0.023% $ 145.5k |
2.5yrs
Average Tenure
56yo
Average Age
Experienced Board: BBDC's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BBDC 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 32.5%.
Top Shareholders
Company Information
Barings BDC, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Barings BDC, Inc.
- Ticker: BBDC
- Exchange: NYSE
- Founded: 2006
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$633.566m
- Shares outstanding: 65.32m
- Website: https://www.baringsbdc.com
Number of Employees
Location
- Barings BDC, Inc.
- 300 South Tryon Street
- Suite 2500
- Charlotte
- North Carolina
- 28202
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BBDC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 2007 |
| A2JRMB | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 2007 |
Biography
Barings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Barings...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 00:13 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.