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GBDC Overview

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0.000
0.000(0.000%)
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Intellectia

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High
13.280
Open
13.090
VWAP
13.17
Vol
1.17M
Mkt Cap
3.43B
Low
13.055
Amount
15.46M
EV/EBITDA(TTM)
39.45
Total Shares
260.50M
EV
8.06B
EV/OCF(TTM)
15.32
P/S(TTM)
5.34
Golub Capital BDC, Inc. is an externally managed, non-diversified closed-end management investment company. The Company's investment objective is to generate current income and capital appreciation by investing primarily in one stop and other senior secured loans of United States middle-market companies. It also selectively invests in second lien and subordinated (a loan that ranks senior only to a borrower’s equity securities and ranks junior to all of such borrower’s other indebtedness in priority of payment) loans of, and warrants and minority equity securities in, United States middle-market companies. It also invests in various sectors, which include software, healthcare providers and services, specialty retail, automobiles, diversified consumer services, insurance, healthcare technology, information technology (IT) services, commercial services and supplies, and others. The Company’s investment activities are managed by its investment adviser, GC Advisors LLC.
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Events Timeline

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News

Yahoo Finance
2.0
05-31Yahoo Finance
Private Credit Defaults May Rise to 10% Amid AI Disruption
  • Default Rate Forecast: UBS anticipates private credit default rates will rise from the current 4.4% to between 9% and 10%, with AI-related disruptions potentially adding an additional 3% to 4% default risk, indicating increased pressure on borrowers.
  • Industry Vulnerability: Software companies are deemed particularly vulnerable as advancements in AI may slow revenue growth, weaken pricing power, compress margins, and lead to contract cancellations, with these pressures expected to intensify toward the end of 2026 and into 2027.
  • Market Impact Comparison: UBS forecasts private credit defaults of 9% to 10% by the end of 2026, compared to 3.5% to 4% for leveraged loans and 1.75% to 2% for high-yield bonds, highlighting significant variations in default rates across different credit markets.
  • Leverage Risk Warning: UBS notes that leverage in private credit and private equity markets totals at least $1.5 trillion, and while credit markets currently support the ongoing AI investment boom, rising defaults could impose greater constraints on funding conditions by 2027.
Newsfilter
4.5
05-21Newsfilter
Diverse Risk Premiums Assigned to U.S. Private Credit Firms
  • Risk Premium Disparity: A Reuters analysis reveals that U.S. private credit firms are facing diverse risk premiums, with smaller lenders priced at greater risk, indicating a growing selectivity in a market under borrower stress.
  • Spread Data: BCP Investment Corp recorded the highest weighted average option-adjusted spread (OAS) at 680 basis points, followed by Prospect Capital Corp at 449 bps, highlighting market concerns over varying credit quality among firms.
  • Market Selectivity: The widening of spreads this year reflects investors' increasing differentiation of BDCs exposed to AI disruptions in SaaS companies, signaling a heightened focus on credit quality and funding risks.
  • Rising Default Rates: Fitch Ratings reports that the default rate among U.S. private credit borrowers reached 6% over the past 12 months, the highest since August 2024, indicating a weakening backdrop for the private credit market.
seekingalpha
8.5
05-19seekingalpha
Golub Capital BDC Prices $500M Public Offering of Notes
  • Bond Offering Size: Golub Capital BDC announced a public offering of $500 million in 6.250% notes due in 2031, which will provide funding to repay part of its debt and support general corporate needs.
  • Debt Repayment Plan: The proceeds from the notes will primarily be used to repay a portion of the debt under its revolving credit facility with JPMorgan Chase Bank, with the offering expected to close on May 27, 2026, indicating the company's focus on optimizing its financial structure.
  • Early Redemption Terms: The company can redeem the notes before May 1, 2031, with a make-whole premium, and at par thereafter, providing flexibility in financial management to address future interest rate fluctuations.
  • Market Reaction: Following the bond offering announcement, Golub Capital BDC's stock traded lower at approximately $12.77 in after-hours trading, reflecting market concerns about the company's financial health, which may impact its future financing capabilities.
Newsfilter
8.5
05-15Newsfilter
Ares Management Discloses New Investment Stakes
  • Portfolio Expansion: Ares Management disclosed new investments in its quarterly 13-F filing, including a $53.3 million stake in medical device manufacturer Integer Holdings, indicating a strategic move into the healthcare sector.
  • First-Time Investments: The firm also made initial investments in business development companies like BlackRock TCP Capital and Carlyle Secured Lending, further diversifying its portfolio and strengthening its influence in the small and mid-sized lending market.
  • Increased Holdings: Ares boosted its stakes in 17 other holdings, including Golub Capital BDC and Blue Owl Technology Finance, demonstrating ongoing confidence in the BDC sector despite pressures on lending standards.
  • Asset Liquidation: The only sale recorded by Ares was the liquidation of its stake in New Mountain Finance, which sold a $477 million asset portfolio in February, reflecting Ares's strategy to adjust its investment portfolio in response to market changes.
seekingalpha
9.5
05-05seekingalpha
Golub Capital BDC Reports Q2 2026 Earnings with Small NAV Loss
  • Quarterly Financial Performance: Golub Capital BDC reported a small NAV loss of approximately 1% for Q2 2026, primarily due to mark-to-market fair value write-downs, although adjusted NII per share stood at $0.34, demonstrating the company's resilience in challenging conditions.
  • Portfolio Quality: Approximately 89% of GBDC's investment portfolio remains in the highest performing internal rating categories, with nonaccrual investments at just 1.4% of the total portfolio, indicating effective risk management and asset quality maintenance.
  • Market Dynamics Shift: CEO Golub noted a transition from borrower-friendly to lender-friendly market conditions, anticipating reversals of fair value write-downs in the coming quarters, which could enhance earnings potential, particularly with rising rates on new loans.
  • Dividends and Future Outlook: The Board declared a $0.33 per share distribution for Q3 2026, and despite pressures from the credit cycle, management remains optimistic about future earnings pathways, emphasizing the need for ongoing monitoring of dividend sustainability.
seekingalpha
8.0
05-05seekingalpha
Golub Capital BDC Declares Quarterly Dividend
  • Quarterly Dividend Announcement: Golub Capital BDC declares a quarterly dividend of $0.33 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
  • Yield Performance: The forward yield of 9.65% reflects the company's attractiveness in the current market environment, potentially drawing more investor interest in its stock.
  • Payment Schedule: The dividend is payable on June 29, with a record date of June 15 and an ex-dividend date also on June 15, ensuring shareholders receive their earnings promptly.
  • Investor Confidence: The stable dividend policy not only enhances investor confidence in Golub Capital BDC but may also promote stock price stability and growth, further solidifying its market position.
Wall Street analysts forecast GBDC stock price to rise
4 Analyst Rating
Wall Street analysts forecast GBDC stock price to rise
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
14.00
Averages
15.00
High
16.00
Current: 0.000
sliders
Low
14.00
Averages
15.00
High
16.00
Oppenheimer
Mitchel Penn
Outperform
maintain
$16 -> $14
AI Analysis
2026-05-06
Reason
Oppenheimer
Mitchel Penn
Price Target
$16 -> $14
AI Analysis
2026-05-06
maintain
Outperform
Reason
Oppenheimer analyst Mitchel Penn lowered the firm's price target on Golub Capital to $14 from $16 and keeps an Outperform rating on the shares. The firm notes that as expected ROE declines and NAV fell 69c/share since Q2 2025. Oppenheimer estimates that Golub earns a 9% ROE, and given an estimated cost of equity capital of 9%, it e calculates fair value of $14.35/share, or 1.0 time book value.
RBC Capital
Kenneth Lee
Outperform
initiated
$15
2026-04-17
Reason
RBC Capital
Kenneth Lee
Price Target
$15
2026-04-17
initiated
Outperform
Reason
RBC Capital analyst Kenneth Lee initiated coverage of Golub Capital with an Outperform rating and $15 price target. With investors focusing on credit, RBC favors Golub's long-term track record of more favorable loss experience versus peers and reputation as a strong credit underwriter, the analyst tells investors in a research note. Golub's portfolio is "relatively differentiated" from its business development company peers with a focus on the core middle-market segment, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for GBDC
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Valuation Metrics

The current forward P/E ratio for Golub Capital BDC Inc (GBDC.O) is 12.47, compared to its 5-year average forward P/E of 9.35. For a more detailed relative valuation and DCF analysis to assess Golub Capital BDC Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
9.35
Current PE
12.47
Overvalued PE
11.45
Undervalued PE
7.26

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.51
Current EV/EBITDA
17.63
Overvalued EV/EBITDA
3.24
Undervalued EV/EBITDA
-2.23

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
4.90
Current PS
4.63
Overvalued PS
6.22
Undervalued PS
3.57

Financials

AI Analysis
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Whales Holding GBDC

A
Allen Investment Management, LLC
Holding
GBDC
+12.13%
3M Return
G
Generali Asset Management SGR SpA
Holding
GBDC
+11.44%
3M Return
A
Ares Management LLC
Holding
GBDC
+6.45%
3M Return

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Frequently Asked Questions

What is Golub Capital BDC Inc (GBDC) stock price today?

The current price of GBDC is 13.16 USD — it has increased 0.53

What is Golub Capital BDC Inc (GBDC)'s business?

Golub Capital BDC, Inc. is an externally managed, non-diversified closed-end management investment company. The Company's investment objective is to generate current income and capital appreciation by investing primarily in one stop and other senior secured loans of United States middle-market companies. It also selectively invests in second lien and subordinated (a loan that ranks senior only to a borrower’s equity securities and ranks junior to all of such borrower’s other indebtedness in priority of payment) loans of, and warrants and minority equity securities in, United States middle-market companies. It also invests in various sectors, which include software, healthcare providers and services, specialty retail, automobiles, diversified consumer services, insurance, healthcare technology, information technology (IT) services, commercial services and supplies, and others. The Company’s investment activities are managed by its investment adviser, GC Advisors LLC.

What is the price predicton of GBDC Stock?

Wall Street analysts forecast GBDC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GBDC is15.00 USD with a low forecast of 14.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Golub Capital BDC Inc (GBDC)'s revenue for the last quarter?

Golub Capital BDC Inc revenue for the last quarter amounts to 55.79M USD, decreased -71.25

What is Golub Capital BDC Inc (GBDC)'s earnings per share (EPS) for the last quarter?

Golub Capital BDC Inc. EPS for the last quarter amounts to -0.18 USD, decreased -160.00

How many employees does Golub Capital BDC Inc (GBDC). have?

Golub Capital BDC Inc (GBDC) has 1000 emplpoyees as of June 01 2026.

What is Golub Capital BDC Inc (GBDC) market cap?

Today GBDC has the market capitalization of 3.43B USD.