Golub Capital BDC (GBDC) Hisse Özeti
Golub Capital BDC, Inc. (GBDC), bir Özel Borç iş geliştirme şirketidir ve dışarıdan yönetilen, kapalı uçlu, çeşitlendirilmemiş bir yatırım şirketi olarak faaliyet göstermektedir. Daha fazla detay
| Kar Tanesi Skoru | |
|---|---|
| Değerleme | 2/6 |
| Gelecekteki Büyüme | 3/6 |
| Geçmiş Performans | 1/6 |
| Finansal Sağlık | 2/6 |
| Temettüler | 4/6 |
GBDC Community Fair Values
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Analyst Price Targets
Golub Capital BDC, Inc. Rakipler
Fiyat Geçmişi ve Performans
| Tarihsel hisse senedi fiyatları | |
|---|---|
| Güncel Hisse Fiyatı | US$13.17 |
| 52 Haftanın En Yüksek Seviyesi | US$14.93 |
| 52 Haftanın En Düşük Seviyesi | US$11.77 |
| Beta | 0.42 |
| 1 Aylık Değişim | 3.29% |
| 3 Aylık Değişim | 0.076% |
| 1 Yıllık Değişim | -11.31% |
| 3 Yıllık Değişim | -10.83% |
| 5 Yıllık Değişim | -17.58% |
| Halka arzdan bu yana değişim | -10.47% |
Son Haberler & Güncellemeler
Seeking Alpha • Aug 04
Golub Capital: The Yield Is A Trap
Summary I am downgrading Golub Capital BDC from hold to sell due to weakening fundamentals and thin dividend coverage. GBDC trades at a 0.92x P/NAV, a premium to the sector median of 0.69x, but fundamentals do not justify this valuation. Dividend coverage is precarious at 103% NII, with cash coverage under pressure from PIK income and upcoming debt refinancing at higher rates. Rising non-accruals, software sector concentration, and limited balance sheet flexibility heighten downside risk and the likelihood of another dividend cut. Read the full article on Seeking Alpha
Anlatı Güncellemesi • Jun 26
GBDC: Buybacks And Higher Discount Rate Will Shape Balanced Return Outlook
Analysts have trimmed their fair value estimate for Golub Capital BDC from $15.00 to $13.75, citing updated assumptions around discount rates, revenue trends and future P/E expectations, alongside a mix of cautious and bullish recent research views. Analyst Commentary Recent research on Golub Capital BDC reflects a mix of optimism and caution, with price targets and ratings framed around how reliably the company can execute on its business model and how current valuation lines up with those expectations.Recent updates
Seeking Alpha • Aug 04
Golub Capital: The Yield Is A Trap
Summary I am downgrading Golub Capital BDC from hold to sell due to weakening fundamentals and thin dividend coverage. GBDC trades at a 0.92x P/NAV, a premium to the sector median of 0.69x, but fundamentals do not justify this valuation. Dividend coverage is precarious at 103% NII, with cash coverage under pressure from PIK income and upcoming debt refinancing at higher rates. Rising non-accruals, software sector concentration, and limited balance sheet flexibility heighten downside risk and the likelihood of another dividend cut. Read the full article on Seeking AlphaAnlatı Güncellemesi • Jun 26
GBDC: Buybacks And Higher Discount Rate Will Shape Balanced Return Outlook
Analysts have trimmed their fair value estimate for Golub Capital BDC from $15.00 to $13.75, citing updated assumptions around discount rates, revenue trends and future P/E expectations, alongside a mix of cautious and bullish recent research views. Analyst Commentary Recent research on Golub Capital BDC reflects a mix of optimism and caution, with price targets and ratings framed around how reliably the company can execute on its business model and how current valuation lines up with those expectations.Seeking Alpha • Apr 25
Trying To Catch The BDC Bottom With A Pair Trade (Part 3) - Golub Capital Vs. FSCO
Summary BDCs have fallen significantly, making them attractive for long positions, but hedging with FS Credit Opportunities Corp. is recommended due to market volatility. Golub Capital BDC has a higher leverage and expense ratio, while FSCO offers a better-adjusted NII yield and lower leverage. FSCO's strong liquidity and predictable price movements make it an ideal hedge for investing in beaten-down BDCs. The strategy involves buying undervalued BDCs and using FSCO to protect against further declines, leveraging its stable performance. Read the full article on Seeking AlphaSeeking Alpha • Mar 31
Golub Capital BDC: Disappointing Performance, Not As Bad As It Seems (Rating Downgrade)
Summary Due to economic uncertainty and a disappointing quarter, I am downgrading Golub Capital BDC from a buy to a hold. Despite misses in the top and bottom lines, GBDC's credit rating upgrade and higher originations are positive signs for future performance. Management expects improved net investment income from higher originations and restructured borrowers, but economic volatility remains a risk. GBDC's valuation remains attractive for income-oriented investors, but a potential dividend cut and economic risks warrant a cautious hold. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
Golub Capital BDC's NAV, Valuation And Dividend Vs. 11 Peers - Part 1 (Includes Recommendations As Of 3/11/2025)
Summary Part 1 of this article compares GBDC’s recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 11 BDC peers. Part 1 also performs a comparative analysis between each company’s investment portfolio as of 9/30/2024 and 12/31/2024. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation). Other metrics analyzed include each company’s cumulative realized gain/loss per share, NII per share, price to annualized NII ratio, and percentage of income attributable to capitalized PIK interest income. Currently, the 12-covered BDC peers have a range of valuations (six overvalued, five appropriately valued, one undervalued). I believe GBDC is currently very slightly undervalued. Read the full article on Seeking AlphaSeeking Alpha • Feb 19
Golub Capital: A Solid Result From This Consistent BDC
Summary Golub Capital BDC delivered a solid quarter with a 2.8% total NAV return. It trades at a 10% dividend yield and a 3% premium to NAV. The company’s portfolio is well-diversified with 386 positions, primarily in floating-rate first-lien loans; it is focused on the software and healthcare sectors. Despite a 17% drop in adjusted net investment income, the decline was less than 5% after adjusting for non-repeatable items; no supplemental dividend was declared. GBDC remains an outperformer with a strong portfolio quality, low-cost fee structure, and significant diversification. Read the full article on Seeking AlphaSeeking Alpha • Jan 13
10%+ Yields For Retirement: Forget BXSL, Buy GBDC Instead
Summary BXSL and GBDC are popular high-yield stocks for retirees. I compare them side-by-side. I share why I think GBDC is the clear winner. Read the full article on Seeking AlphaSeeking Alpha • Jan 06
Golub Capital BDC: Dividends Worth Scooping Despite Further Interest Rate Changes
Summary Golub Capital BDC's conservative portfolio, focusing on first-lien debt, faces challenges from decreasing interest rates but maintains solid dividend coverage. GBDC's diversified borrower base and unique industry focus, with a low non-accrual rate, supports its defensive investment position. As GBDC's regular dividend coverage can withstand a few more cuts, the current regular DPS yield of 10.2% can be considered an attractive risk-to-reward opportunity. Read the full article on Seeking AlphaSeeking Alpha • Dec 18
Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 2 (Includes Updated Dividend Projections)
Summary Part 2 of this article compares GBDC’s recent dividend per share rates, yield percentages, and several other highly detailed (and useful) dividend sustainability metrics to 14 other BDC peers. This includes a comparative analysis of GBDC’s cumulative undistributed taxable income ratio, percentage of floating-rate debt investments, recent weighted average annualized yield, and weighted average interest rate on outstanding borrowings. GBDC’s “base” dividend sustainability remains strong. When comparing/analyzing all metrics (including additional metrics not mentioned), GBDC is currently deemed to be undervalued (BUY). Most BDCs will continue to have sustainable (and some special periodic) dividends over the foreseeable future (though special dividends are likely to decrease overtime). Credit risk will continue to be monitored/modeled. Simply put, contrary to recent speculation, GBDC’s base dividend remains safe. In addition, GBDC is currently only one of a couple of sector peers with a decent valuation. Read the full article on Seeking AlphaSeeking Alpha • Dec 04
Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 1 (Includes Recommendations As Of 11/29/2024)
Summary Part 1 of this article compares GBDC’s recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 14 BDC peers. It also performs a comparative analysis between each company’s investment portfolio as of 6/30/2024 and 9/30/2024. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation). Other metrics analyzed include each company’s cumulative realized gain/loss per share, NII per share, price-to-annualized NII ratio, and percentage of income attributable to capitalized PIK interest income. Currently, the 15 covered BDC peers have a range of valuations (6 overvalued, 8 appropriately valued, 1 undervalued). I believe GBDC is currently appropriately valued. Read the full article on Seeking AlphaSeeking Alpha • Nov 27
Golub Capital: 10% Yield, Special Dividends, No NAV Premium
Summary Golub Capital BDC covered its dividend payout with adjusted net investment income and paid a supplemental dividend, reflecting strong portfolio performance and income distribution. The BDC's portfolio value surged 5% QoQ due to new loan originations and a merger, making it a solid choice for passive income investors. Golub Capital BDC focuses on First Lien investments, ensuring high credit quality and a stable 10% dividend yield without a premium to NAV. Despite a slight increase in non-accruals, the portfolio's growth and consistent supplemental dividends underscore the BDC's robust performance and dividend safety. Read the full article on Seeking AlphaSeeking Alpha • Nov 14
Golub Capital: High-Yield Play With Caveats
Summary Golub Capital BDC, Inc. shares have dropped 13% since April 2024 due to rising borrowing costs and economic uncertainty. Despite concerns, Golub offers a 10%+ dividend yield, low non-accrual rates, and trades around its net asset value. The merger with Golub Capital BDC3 bolstered assets and liquidity, but recent financial results showed mixed performance due to write-downs and higher borrowing costs. There was also some insider buying in the shares late this summer. An analysis of Golub Capital BDC follow in the paragraphs below. Read the full article on Seeking AlphaSeeking Alpha • Oct 31
Golub Capital: A Good Blend Of Yield, Quality, And Income In An Expensive Sector
Summary Golub Capital BDC currently sports a 10% yield that is well-covered by their income. Golub Capital BDC remains a high-quality investment despite the slight increase in non-accruals during Q3 earnings. In this article, I discuss their latest earnings, and why the BDC remains a smart, attractive income play in the current market. Read the full article on Seeking AlphaSeeking Alpha • Oct 13
Golub Capital: Healthy And Well-Covered 11% Dividend
Summary Golub Capital BDC trades at a slight discount to NAV despite strong dividend coverage and below-average leverage. Q3 2024 earnings report shows GBDC's non-accruals remain low, with leverage decreasing to 1.05x debt-to-equity. Adjusted NII per share significantly exceeds quarterly distribution, ensuring a robust 123% coverage. Given this and the favorable P/NAV level, GBDC remains a solid BDC dividend income pick, even though the upcoming financial quarter is unlikely to bring positive surprises. Read the full article on Seeking AlphaSeeking Alpha • Sep 16
Golub Capital BDC: A Solid Quarter But Worse Under The Hood
Summary Golub Capital BDC delivered a strong quarterly result with a 4.8% total NAV return, trading at an 11.3% dividend yield and a 3% discount to book. The company's diversified loan portfolio focuses on floating-rate first-lien loans, with top sectors in software and healthcare. Despite a 6% drop in adjusted net investment income, GBDC's shareholder-friendly fee structure and consistent NAV growth make it an attractive investment. GBDC's valuation remains below average and its strong performance, portfolio quality, and fee structure justify maintaining a position in our Income Portfolios. Read the full article on Seeking AlphaSeeking Alpha • Sep 10
Golub Capital BDC: A Strong 12% BDC Yield Trading Below NAV
Summary Golub Capital BDC's merger with Golub Capital 3 BDC significantly increased its portfolio value and net investment income, enhancing its investment appeal. The BDC's net investment income comfortably covers its dividend, offering a moderately safe 12% yield for income investors. Despite a slight increase in non-accrual percentage, the long-term trend shows a considerable improvement in asset quality over the past year. Shares are trading at a 4% discount to net asset value, presenting a bargain opportunity due to the recent sell-off in the BDC industry. Read the full article on Seeking AlphaSeeking Alpha • Aug 19
Golub Capital: 11% Yield And Cheap (Upgrade)
Summary Golub Capital BDC out-earned its base dividend with net investment income in 3Q24, post-merger with Golub Capital BDC 3. The stock offers an attractive 11% yield, solid credit quality, and is selling at a compelling net asset value multiple. Portfolio quality remains strong post-merger, with a 5% discount to NAV making it a buy for passive income investors. Read the full article on Seeking AlphaSeeking Alpha • Aug 03
Golub Capital: Price Drop Brings This Into Buy Zone (Rating Upgrade)
Summary Golub Capital operates as a business development company that generates earnings through debt investments to middle market companies. Golub Capital's price fell by nearly 5% over the last week. This price retraction has increased the valuation appeal. GBDC offers a strong portfolio of debt investments, high dividend yield of 10.6%, and potential for growth despite lower interest rates. GBDC sits on about $300M worth of cash that can be wisely deployed into new investments. This would ultimately drive growth and offset any possible impacts to NII per share. Read the full article on Seeking AlphaSeeking Alpha • Jul 21
Golub Capital: Buy The Dip On This 10% Yield
Summary Diversification is key for income investors, and BDCs offer a professionally managed portfolio of loans across different sectors. Golub Capital presents a buy-the-dip opportunity with strong operating fundamentals, high dividend coverage, and potential for market-beating returns with special dividends. GBDC is well-positioned with a conservatively managed portfolio and a more favorable fee structure toward shareholders. Read the full article on Seeking AlphaSeeking Alpha • Jun 13
Golub Capital: A 10% Yielding BDC That Remains An Attractive Income Play
Summary Golub Capital's recent pullback in share price gives investors a chance to pick up a quality BDC at a slight premium above NAV. As seen by the BDC's credit quality and dividend coverage, GBDC still remains attractively valued in comparison to some of its peers. This credit quality, robust liquidity, and strong dividend coverage also make Golub Capital BDC an attractive income play. GBDC delivered a strong earnings report in May, with non-accruals declining to less than 1% and NAV growth on a sequential and annualized basis. Read the full article on Seeking AlphaSeeking Alpha • May 24
Golub Capital: 11% Yield And Merger Catalyst
Summary Golub Capital BDC is selling at a reasonable 8% premium to net asset value, considering its strong dividend coverage and growth in net investment income. The company announced a merger with another BDC, which will improve its scale and fee structure. Golub Capital BDC has robust dividend coverage and has consistently paid special dividends, making it an attractive option for passive income investors. Read the full article on Seeking AlphaSeeking Alpha • May 07
Golub Capital: Outperformance In Q2 Made This BDC Too Expensive (Downgrade)
Summary Golub Capital has delivered superior growth, outperforming the S&P 500 in total return as well as many BDC peers. GBDC's Q2 earnings showed consistent growth, with NII increasing by 21%. The NAV has also consistently grown over the past year. GBDC's dividend yield is currently 9.2%, but the recent price run has made the stock less attractive as it now trades at a higher premium to NAV than average. Management cut their base management fee down to 1%, contributing to NII growth. Non-accruals slightly decreased over the last quarter, reinforcing GBDC's portfolio strength. Read the full article on Seeking AlphaSeeking Alpha • Apr 04
Golub Capital: Add To Your Cashflow With This 9.4% Yield
Summary It doesn't hurt to have supplemental income from dividend-paying stocks, especially during inflationary times such as these. Golub Capital is an appealing stock for income investors due to its strong investment track record, diversified portfolio, and conservative investment strategy. GBDC should continue to benefit from a high interest rate environment and strong balance sheet, all while paying a well-covered dividend. Read the full article on Seeking AlphaSeeking Alpha • Feb 24
Golub Capital: A BDC To Consider Whether Or Not Rates Remain Higher
Summary GBDC recently merged with GBDC 3, which is expected to increase their liquidity and scale. The latest CPI report has raised questions about potential interest rate cuts, making Golub Capital a potential consideration for income-focused portfolios. Management also lowered their income incentive & management fee post-merger. This is expected to increase Nll by $0.13 on an annualized basis. This increase will likely be passed onto shareholders in the form of dividends. Even if rates do decline, this will provide a buffer for an expected decline in net investment income. Read the full article on Seeking AlphaSeeking Alpha • Feb 06
Golub Capital: Q1 Earnings Show Additional Supplemental Distributions Likely
Summary Golub Capital BDC reported strong earnings with increased net investment income, indicating potential for more supplemental dividends. The company's portfolio is primarily comprised of first lien loans, with a focus on floating rate loans, which positions it well in the current interest rate environment. Golub Capital has a solid dividend yield of over 10% and a history of consistent dividend growth, making it an attractive choice for income-seeking investors. Read the full article on Seeking AlphaSeeking Alpha • Oct 11
Golub Capital BDC originates $176.7M commitments in fiscal Q4; fair value declines
Golub Capital BDC (NASDAQ:GBDC) said Tuesday it originated $176.7M in new middle market investment commitments during its fiscal Q4 ended Sept. 30, 2022. That's down from the $449.6M of commitments in the previous quarter. About 91% of the new middle market investment commitments in Q4 were one-stop loans, 7% were senior secured loans, and 2% were equity and other securities. Of the new commitments $139.4M funded at close. Total investments at fair value are estimated to have declined by ~3.0%, or $167.2M, during the quarter, after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses). In August, GBDC had reported that its investment portfolio, at fair value was $5.61B. SA contributor ADS Analytics keeps a Hold rating on Golub Capital BDC (GBDC), saying it's well positioned for the macro and market environmentSeeking Alpha • Aug 31
Golub Capital BDC goes ex-dividend tomorrow
Golub Capital BDC (NASDAQ:GBDC) had declared $0.30/share quarterly dividend, in line with previous. Payable Sept. 29; for shareholders of record Sept. 2; ex-div Sept. 1. See GBDC Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Aug 21
Golub Capital: I Am Buying This 8.6% Yielding BDC Hand Over Fist
Golub Capital trades at a 7% discount to net asset value. GBDC out-earned its dividend with NII in 3Q-22, and the pay-out ratio improved due to robust NII performance. Portfolio health remained solid in the second quarter. The United States' economy is in a slump, and persistently high inflation makes it difficult for income investors to protect their purchasing power. Golub Capital BDC Inc. (GBDC) can, in my opinion, assist investors in mitigating economic risks due to the BDC's first lien-focused investment strategy. Golub Capital covered its dividend with net investment income in 3Q-22, while net asset value fell slightly QoQ. The stock trades at a 7% discount to NAV, providing investors with a small margin of safety. Portfolio Actions Golub Capital invests with a safety-first mindset, focusing almost entirely on the highest forms of available debt: First Liens. First Liens accounted for 84% of the business development company's investments at the end of the quarter, a 4% increase from the previous quarter. At the end of 2Q-22, the total weighting towards First Liens (both one stop and traditional senior) was 94%. The total allocation to investments other than First Liens increased by 2 percentage points YoY and remained stable at 6% QoQ. Aside from First Liens, Golub Capital primarily invests in equity and junior debt. Portfolio Highlights (Golub Capital BDC) Golub Capital's portfolio value increased by $187.4 million QoQ to $5.6 billion, with new investment commitments totaling $449.6 million. In the second quarter, approximately 95% of new investments were made in the First Lien category, which is already Golub Capital's core investment product. Equity investments accounted for approximately 5% of new investments in 2Q-22. Investment Activity (Golub Capital BDC) Yields May Come Under Pressure Golub Capital's portfolio yields remained stable in 2Q-22, but rates are rising, and the BDC's rising interest rate costs may limit its ability to generate attractive yields in the future. Golub Capital's investment income yield was 7.5% in 2Q-22, up 0.2 percentage points QoQ. Positioned For Higher Interest Rates (Golub Capital BDC) Credit Quality BDCs primarily invest in high-quality debt instruments, so borrowers must be able to repay whatever money they borrow. Golub Capital has no major issues in this regard. The business development firm's non-accruals did not rise in the last quarter, indicating that credit quality remained stable. Non-accruals at Golub Capital remained stable in 3Q-22, at 1.1% at fair value or 1.5% at cost. Non-Accruals (Golub Capital BDC) Q2’22 Dividend Pay-Out Metrics Golub Capital's stronger business results in 3Q-22 were driven by a recovering economy, which allowed for robust net investment income growth compared to the 2021 period. Golub Capital's net investment income in 3Q-22 was $53.9 million, a 28% increase over the previous year's NII of $42.1 million. I use Golub Capital's adjusted net investment income, which includes the capital gain incentive fee paid to the external manager, to calculate dividend pay-out ratios. The BDC's adjusted NII in 3Q-22 was $0.34 per share, up from $0.30 in 3Q-21. As a result, Golub Capital's dividend payout was easily covered by adjusted NII (pay-out ratio of 88%). Golub Capital distributed 98% of its adjusted net investment income over the last twelve months. NII, Dividend And Pay-Out Ratio (Author Created Table Using BDC Information) Net Asset Value Dropped Only Marginally Golub Capital's net asset value fell $0.21 per share in the third quarter due to unrealized depreciation on the BDC's investments of $0.24 per share. The drop in net asset value was relatively minor (1.4% QoQ), and the BDC's credit quality remained strong. NAV Per Share (Golub Capital BDC) Golub Capital's stock is currently yielding 8.6% and trading at a 7% discount to net asset value. Given that the BDC is invested in a very conservative debt portfolio, the NAV discount provides a reasonable margin of safety. GBDC Price to Book Value data by YCharts Why Golub Capital Could See A Lower Valuation I'm not concerned about Golub Capital's First Lien performance right now. Golub Capital's safety-first investment strategy, combined with strong NII growth and low non-accruals, indicates that the business development firm is running a healthy investment portfolio.Seeking Alpha • Jul 12
Golub Capital BDC originates $449.6M in fiscal Q3; fair value estimated to rise
Golub Capital BDC (NASDAQ:GBDC) originated $449.6M in new middle-market investment commitments during its fiscal Q3, up from $306.3M in the previous quarter and down from $614.7M in its Q3 2021. About 93% of the new investment commitments were one-stop loans, 2% were senior secured loans, and 5% were equity and other securities. Of the new middle-market investment commitments, $350.0M funded at close. Total investments at fair value are estimated to have increased by ~3.5%, or $187.5M, during the three months ended June 30, 2022 after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses). In its fiscal Q2, Golub Capital BDC (GBDC) posted better-than-expected non-GAAP EPS and worse-than-expected total investment income.Seeking Alpha • Jun 23
Golub Capital: This Is A Doubling Down Opportunity
Golub Capital covers its dividend with net investment income. Investment commitments grew robustly in 1Q-22. Credit performance deteriorated only slightly. GBDC stock is now available at large discount to book value.Seeking Alpha • May 26
Golub Capital: Initiating A Position In This 8.5%-Yielding BDC
We discuss Q1 results from GBDC and highlight key income dynamics of the portfolio. GBDC outperformed the broader sector in Q1, delivering a 2.6% return and a rise in the NAV. Its Adjusted NII was a penny below its Q4 level but on par with Q3. Dividend coverage on this basis is 100%. GBDC is well-positioned to grow its income given its string of positive net new investments and its high income beta to rising short-term rates. Its defensive stance is also a plus in the current market environment and is one reason we initiated a position in our Core Income Portfolio.Seeking Alpha • Apr 14
Golub Capital: Collect A Covered 7.8% Yield From This BDC
Golub Capital has assembled a large, diversified and high-quality loan portfolio. Credit quality and investment yields are stable. The stock sells for just book value.Seeking Alpha • Feb 21
Golub Capital: 7.6% Yield, Get Paid To Own This Stalwart BDC
Golub Capital has a strong track record of shareholder returns and maintains a safe portfolio strategy. It maintains a sound balance sheet and pays a high yield that's covered by adjusted NII. It's positioned to benefit from higher interest rates, and the stock currently trades below its historical valuations.Seeking Alpha • Dec 09
Golub Capital BDC: Q3 Update - Income Tailwinds Drive Dividend Increase
GBDC delivered a solid Q3 with a rise in NII and the NAV, driving an increase in the Q4 dividend. We discuss Q3 earnings and highlight some of the key themes. GBDC net new originations were very strong and leverage moved significantly higher - management also increased the upper bound of their target range. Valuation has come off recently and is in a fair-value range. Recent underperformance remains a risk for further derating.Seeking Alpha • Oct 17
Conservative Portfolio Safely Paying Investors 7.3%: Golub Capital
This article discusses GBDC currently yielding 7.3% and will likely outperform due to recent portfolio growth, investor-friendly fee structure, low operating expenses, a high-quality portfolio, and improved balance sheet. Recent SEC filings indicate 10% portfolio growth during calendar Q3 which will have a meaningful impact on dividend coverage as shown in this article. GBDC is considered lower risk for many reasons including its higher credit quality portfolio of mostly lower yield first-lien and one-stop loans with strong covenant and security protections. Management continues to purchase shares including an additional $40 million over the last 12 months.Seeking Alpha • Oct 04
Golub Capital BDC: A BDC With A Margin Of Safety
GBDC is a lower-octane option in the BDC sector owing to its low leverage, lower-yield holdings, and significantly below-average equity allocation. GBDC has delivered respectable 5-year total NAV returns of around 8.4% CAGR (vs. 9.0% average) in the sector and trades at a below-average valuation of 103%. GBDC has a shareholder-friendly fee structure with a relatively low base management fee and a relatively high-income hurdle rate of 8%. Lower cost of debt, growing net acquisitions, a reduction in non-accruals, and an expectation of higher leverage are all income tailwinds.Seeking Alpha • Sep 21
Golub Capital: This Stalwart Pays You A 7.6% Yield
Golub Capital is a well-managed BDC that has provided strong shareholder returns since inception. Its portfolio has recovered rather well, and management is seeing record deal origination volume. It maintains a sound balance sheet and appears to be attractively priced, especially after the recent share price weakness.Hissedar Getirileri
| GBDC | US Capital Markets | US Pazar | |
|---|---|---|---|
| 7D | 2.7% | 1.1% | 3.5% |
| 1Y | -11.3% | 2.3% | 20.5% |
Getiri vs. Endüstri: GBDC geçen yıl % 2.3 oranında getiri sağlayan US Capital Markets sektörünün gerisinde kaldı.
Getiri vs Piyasa: GBDC geçen yıl % 20.5 oranında getiri sağlayan US Piyasasının altında performans gösterdi.
Fiyat Oynaklığı
| GBDC volatility | |
|---|---|
| GBDC Average Weekly Movement | 2.9% |
| Capital Markets Industry Average Movement | 3.6% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.1% |
İstikrarlı Hisse Senedi Fiyatı: GBDC son 3 ayda US piyasasına kıyasla önemli bir fiyat oynaklığı yaşamadı.
Zaman İçindeki Volatilite: GBDC 'nin haftalık oynaklığı ( 3% ) son bir yıldır istikrarlı seyretti.
Şirket Hakkında
| Kuruldu | Çalışanlar | CEO | Web sitesi |
|---|---|---|---|
| 2007 | n/a | David Golub | www.golubcapitalbdc.com |
Golub Capital BDC, Inc. (GBDC), bir Özel Borç ve iş geliştirme şirketidir ve dışarıdan yönetilen, kapalı uçlu, çeşitlendirilmemiş bir yönetim yatırım şirketi olarak faaliyet göstermektedir. Şirket, çoğunlukla özel sermaye yatırımcıları tarafından desteklenen orta ölçekli şirketlere borç ve azınlık hisse yatırımları yapmaktadır. Genellikle çeşitlendirilmiş tüketici hizmetleri, otomotiv, sağlık teknolojisi, sigorta, sağlık ekipmanları ve malzemeleri, oteller, restoranlar ve eğlence, sağlık hizmeti sağlayıcıları ve hizmetleri, BT hizmetleri ve özel perakende sektörlerine yatırım yapmaktadır.
Golub Capital BDC, Inc. Temel Bilgiler Özeti
| GBDC temel i̇stati̇sti̇kler | |
|---|---|
| Piyasa değeri | US$3.39b |
| Kazançlar(TTM) | US$171.75m |
| Gelir(TTM) | US$800.71m |
19.9x
F/K Oranı4.3x
P/S OranıGBDC aşırı değerli mi?
Gerçeğe Uygun Değer ve değerleme analizine bakınızKazanç ve Gelir
| GBDC gelir tablosu (TTM) | |
|---|---|
| Gelir | US$800.71m |
| Gelir Maliyeti | US$0 |
| Brüt Kâr | US$800.71m |
| Diğer Giderler | US$628.96m |
| Kazançlar | US$171.75m |
Son Raporlanan Kazançlar
Jun 30, 2026
Sonraki Kazanç Tarihi
n/a
| Hisse başına kazanç (EPS) | 0.66 |
| Brüt Marj | 100.00% |
| Net Kâr Marjı | 21.45% |
| Borç/Özkaynak Oranı | 122.5% |
GBDC uzun vadede nasıl bir performans gösterdi?
Geçmiş performansı ve karşılaştırmayı görünTemettüler
10.0%
Mevcut Temettü Verimi221%
Ödeme OranıGBDC güvenilir bir temettü ödüyor mu?
GBDC temettü geçmişine ve kıyaslamalara bakın| Golub Capital BDC temettü tari̇hleri̇ | |
|---|---|
| Eski Temettü Tarihi | Sep 14 2026 |
| Temettü Ödeme Tarihi | Sep 29 2026 |
| Eski temettüye kadar geçen günler | 37 days |
| Temettü ödeme tarihine kadar geçen günler | 52 days |
GBDC güvenilir bir temettü ödüyor mu?
GBDC temettü geçmişine ve kıyaslamalara bakınŞirket Analizi ve Finansal Veri Durumu
| Veri | Son Güncelleme (UTC saati) |
|---|---|
| Şirket Analizi | 2026/08/07 22:29 |
| Gün Sonu Hisse Fiyatı | 2026/08/07 00:00 |
| Kazançlar | 2026/06/30 |
| Yıllık Kazançlar | 2025/09/30 |
Veri Kaynakları
Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.
| Paket | Veri | Zaman Çerçevesi | Örnek ABD Kaynağı * |
|---|---|---|---|
| Şirket Finansalları | 10 yıl |
| |
| Analist Konsensüs Tahminleri | +3 yıl |
|
|
| Piyasa Fiyatları | 30 yıl |
| |
| Sahiplik | 10 yıl |
| |
| Yönetim | 10 yıl |
| |
| Önemli Gelişmeler | 10 yıl |
|
* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.
Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.
Analiz Modeli ve Kar Tanesi
Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına Github sayfamızdan ulaşabilirsiniz; ayrıca raporlarımızı nasıl kullanacağınıza dair kılavuzlarımız ve YouTube’da eğitim videolarımız da bulunmaktadır.
Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.
Endüstri ve Sektör Metrikleri
Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.
Analist Kaynakları
Golub Capital BDC, Inc. 12 Bu analistlerden 6, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.
| Analist | Kurum |
|---|---|
| Derek Hewett | BofA Global Research |
| Mitchel Penn | Brean Capital Historical (Janney Montgomery) |
| David Chiaverini | Cantor Fitzgerald & Co. |