GBDC

Golub Capital BDC, Inc.

Fundamental data last updated:October 24, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Financial Services

industry

Asset Management

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Golub Capital BDC, Inc. (GBDC) 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 in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.

 


VALUATION

P/E

16.78

Market Cap ($M USD)

$3.41B

Forward P/E

10.27

PEG

0.16

PRICE TO SALES

4.48

PRICE TO BOOK

0.92

EV / EBITDA

18.54

5-Year Average P/E

Free Cash Flow Yield

9.19%

DCF Value

$147.35

Graham Number

$15.82

Price to FCF

10.88

EV to FCF

25.48

Earnings Yield

5.96%

FCF Yield

9.19%

DIVIDEND

Yield

11.46%

Annual Payout

$1.50

Payout Ratio

159.81%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.78

Next Year EPS Growth Estimate

$1.28

Next Year Revenue Growth Estimate

$742.49M

Return on Equity (ROE)

5.24%

FREE CASH FLOW

Operating Margin

57.12%

Debt-to-Equity

1.23

Piotroski F-Score

7

Altman Z-Score

0.54

Return on Invested Capital (ROIC)

5.74%

Current Ratio

0.21

Quick Ratio

0.21

Net Debt to EBITDA

10.62

Interest Coverage

1.64

Gross Profit margin

75.36%

FCF PER SHARE

$1.19

REVENUE PER SHARE

$2.90

Gainseekers Quantitative Analysis

Summary

Golub Capital BDC, Inc. appears to be a compelling deep value opportunity. With a DCF value significantly higher than recent pricing, the market seems to be undervaluing its potential. The Forward P/E of 10.49 suggests future earnings growth, while the low Earnings Yield of 5.93% indicates a cautious stance on profitability. However, the Altman Z-score of 0.54 raises red flags about financial distress, suggesting investors should tread carefully despite the attractive valuation metrics.

AI Exposure / Tech Reliance

As an asset management firm, Golub Capital BDC is well-positioned to leverage AI for enhanced data analytics and investment decision-making. The financial services sector is increasingly integrating technology to improve efficiency and client service. However, the company's traditional focus may require strategic shifts to fully capitalize on these advancements.

The Bull Case

For value or GARP investors, Golub Capital BDC offers enticing prospects. The robust ROIC of 5.74% and a Piotroski F-Score of 7 highlight efficient capital allocation and financial health. With a Free Cash Flow Yield of 9.14%, the company demonstrates strong cash generation capabilities. Its impressive operating margin of 57.12% underscores pricing power, making it an attractive buy for those seeking stability and growth.

The Bear Case

Despite its strengths, Golub Capital BDC faces significant structural risks. The Price/Book ratio of 0.92 suggests undervaluation, but the high EV to EBITDA of 18.58 raises concerns about overvaluation relative to earnings. The company's low Current Ratio of 0.21 indicates potential liquidity issues, and the Net Debt to EBITDA ratio of 10.62 highlights a heavy debt burden. These factors could hinder its ability to navigate economic downturns.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$14.25

Institutional Ownership %

1-Year Beta

0.43

Insider Buying % (6 Mo)

Distance to 52-Week High

19.40%

Distance to 52-Week Low

10.08%

EARNINGS SURPRISE %

-5.56%

50-DAY SMA

$13.01

200-DAY SMA

$13.50

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.