XNAS
FDUS
Market cap291mUSD
May 19, Last price
20.28USD
1D
0.50%
1Q
-13.07%
Jan 2017
28.93%
IPO
40.93%
Name
Fidus Investment Corp
Profile
Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans. It does not invest in turnarounds or distressed situations. The fund prefers to invest in aerospace and defense, business services, consumer products and services including retail, food, and beverage, healthcare products and services, industrial products and services, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors. It seeks to invest in companies based in United States. The fund typically invests between $5 million and $15 million per transaction in companies with annual revenues between $10 million and $150 million and an annual EBITDA between $3 million and $20 million, but it can occasionally invest in larger or smaller companies. It seeks to acquire minority equity stakes and board observation rights in conjunction with its investments.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 146,154 -5.21% | 154,181 191.18% | 52,951 -58.39% | |||||||
Cost of revenue | 44,680 | 43,578 | 29,413 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 101,474 | 110,603 | 23,538 | |||||||
NOPBT Margin | 69.43% | 71.74% | 44.45% | |||||||
Operating Taxes | 2,440 | 2,692 | 11,821 | |||||||
Tax Rate | 2.40% | 2.43% | 50.22% | |||||||
NOPAT | 99,034 | 107,911 | 11,717 | |||||||
Net income | 78,292 1.50% | 77,133 115.32% | 35,822 -69.15% | |||||||
Dividends | (78,369) | (78,327) | (49,052) | |||||||
Dividend yield | 11.44% | 15.09% | 10.53% | |||||||
Proceeds from repurchase of equity | 66,269 | 110,325 | 5,809 | |||||||
BB yield | -9.68% | -21.25% | -1.25% | |||||||
Debt | ||||||||||
Debt current | 410,104 | |||||||||
Long-term debt | 168,899,000 | 466,513 | 410,104 | |||||||
Deferred revenue | 455,617 | |||||||||
Other long-term liabilities | 337,697,000 | (466,513) | (404,567) | |||||||
Net debt | 110,649,494 | (610,524) | (102,471) | |||||||
Cash flow | ||||||||||
Cash from operating activities | (55,306) | 48,409 | (105,537) | |||||||
CAPEX | ||||||||||
Cash from investing activities | (139,866,000) | |||||||||
Cash from financing activities | (6,666) | 86,238 | (1,530) | |||||||
FCF | (13,171,816) | 450,128 | (335,493) | |||||||
Balance | ||||||||||
Cash | 57,159,000 | 119,131 | 62,350 | |||||||
Long term investments | 1,090,506 | 957,906 | 860,329 | |||||||
Excess cash | 58,242,198 | 1,069,328 | 920,031 | |||||||
Stockholders' equity | 85,176 | 432,425 | ||||||||
Invested Capital | (685,888) | 970,811 | 1,353,782 | |||||||
ROIC | 69.52% | 9.28% | 1.27% | |||||||
ROCE | 10.47% | 1.77% | ||||||||
EV | ||||||||||
Common stock shares outstanding | 32,585 | 26,365 | 24,468 | |||||||
Price | 21.02 6.75% | 19.69 3.47% | 19.03 5.84% | |||||||
Market cap | 684,942 31.94% | 519,132 11.49% | 465,629 5.97% | |||||||
EV | 111,334,436 | (91,392) | 710,912 | |||||||
EBITDA | 101,474 | 110,603 | 65,725,538 | |||||||
EV/EBITDA | 1,097.17 | 0.01 | ||||||||
Interest | 22,288 | 20,603 | 18,665 | |||||||
Interest/NOPBT | 21.96% | 18.63% | 79.30% |