Golub Capital BDC, Inc. (GBDC)
NEUTRALFundamental
63
Price
$13.10
Market Cap
$3.44B
Part 1 · What the company is worth
Overview
Golub Capital BDC, Inc. (GBDC) is a Private Debt, 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.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$798M
Fiscal year ended 9/30/2025
Net Income
$377M
Fiscal year ended 9/30/2025
Free Cash Flow
-
Total Equity
$3.98B
Total Liabilities
$5.00B
Current Ratio
2.20
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$21.12
Current Price
$13.10
Margin of Safety
+38.0%
Fair Value Range
$13.73 - $28.51
Estimation Methods
Valuation Metrics
P/E Ratio
20.37
ROE
9.5%
P/B Ratio
0.93
P/FCF
-
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
3.5%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (10)
- EPS shows upward trend
- EPS CAGR 30.86%
- P/B Ratio 0.93
- Debt/Equity ratio
- Low reliance on intangibles
- Price below Graham Number
- Revenue Growth 5Y 23.8%
- Analyst Consensus 85% Buy
- PEG Ratio 0.65
- Earnings Quality (OCF/NI) 5.35
Failed (7)
- Price CAGR -3.06%
- Return on Tangible Assets
- DCF valuation (Unknown)
- ROE 4.5%
- Earnings Surprise avg -56.9%
- Share Dilution 31.8%
- Piotroski F-Score 2/9
Unavailable (11)
- ROIC NaN%
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Net Margin Trend (invalid data)
Piotroski F-Score
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. David B. Golub Ph.D. | CEO & Chairman | 63 |
| Mr. Christopher Compton Ericson CPA | CFO & Treasurer | 45 |
| Mr. Timothy J. Topicz | COO & Director of Golub Capital | 40 |
| Ms. Wu-Kwan Kit | Chief Compliance Officer & Secretary | 44 |
| Mr. Andrew H. Steuerman | Senior Managing Director of Golub Capital | 57 |
| Mr. Gregory W. Cashman | Senior Managing Director of Golub Capital | 60 |
| Mr. Brian J. Carroll | Senior Vice President | - |
| Mr. Stefano F. Robertson | Managing Director | - |
| Mr. Craig J. Petrusha | Principal | - |
| Mr. Matthew B. Fulk | Principal | - |
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for GBDC, sourced from Markets Gazette.