XNASGBDC
Market cap2.30bUSD
Jan 15, Last price
15.25USD
1D
0.00%
1Q
-1.23%
Jan 2017
-17.07%
IPO
3.74%
Name
Golub Capital BDC Inc
Profile
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
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑09 | 2023‑09 | 2022‑09 | 2021‑09 | 2020‑09 | 2019‑09 | 2018‑09 | 2017‑09 | 2016‑09 | 2015‑09 | |
Income | ||||||||||
Revenues | 714,790 18.52% | 603,090 249.38% | 172,617 -50.61% | |||||||
Cost of revenue | 16,297 | 164,993 | 109,421 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 698,493 | 438,097 | 63,196 | |||||||
NOPBT Margin | 97.72% | 72.64% | 36.61% | |||||||
Operating Taxes | 575 | (101) | 1,229 | |||||||
Tax Rate | 0.08% | 1.94% | ||||||||
NOPAT | 697,918 | 438,198 | 61,967 | |||||||
Net income | 273,785 5.86% | 258,631 68.56% | 153,440 -54.91% | |||||||
Dividends | (338,192) | (191,465) | (155,208) | |||||||
Dividend yield | 11.12% | 7.66% | 7.34% | |||||||
Proceeds from repurchase of equity | (4,809) | (63,788) | (36,424) | |||||||
BB yield | 0.16% | 2.55% | 1.72% | |||||||
Debt | ||||||||||
Debt current | 3,076,392 | |||||||||
Long-term debt | 3,076,392 | |||||||||
Deferred revenue | 3,136,724 | |||||||||
Other long-term liabilities | (3,049,715) | |||||||||
Net debt | (8,617,395) | (5,601,379) | 582,291 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 343,914 | 195,370 | (416,463) | |||||||
CAPEX | ||||||||||
Cash from investing activities | 1,260,787 | |||||||||
Cash from financing activities | (124,237) | (235,546) | 353,131 | |||||||
FCF | 841,294 | 3,365,331 | (720,202) | |||||||
Balance | ||||||||||
Cash | 350,272 | 69,825 | 124,137 | |||||||
Long term investments | 8,267,123 | 5,531,554 | 5,446,356 | |||||||
Excess cash | 8,581,656 | 5,571,224 | 5,561,862 | |||||||
Stockholders' equity | (152,729) | (99,034) | 2,763,665 | |||||||
Invested Capital | 8,769,088 | 5,832,506 | 9,103,998 | |||||||
ROIC | 9.56% | 5.87% | 0.85% | |||||||
ROCE | 8.11% | 7.64% | 0.72% | |||||||
EV | ||||||||||
Common stock shares outstanding | 201,261 | 170,325 | 170,675 | |||||||
Price | 15.11 3.00% | 14.67 18.40% | 12.39 -21.63% | |||||||
Market cap | 3,041,053 21.71% | 2,498,665 18.16% | 2,114,658 -20.38% | |||||||
EV | (5,576,342) | (3,102,714) | 5,592,788 | |||||||
EBITDA | 698,493 | 438,097 | 61,486 | |||||||
EV/EBITDA | 90.96 | |||||||||
Interest | 203,159 | 143,230 | 82,041 | |||||||
Interest/NOPBT | 29.09% | 32.69% | 129.82% |