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GBDC

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Golub Capital BDC, Inc. · Financial Services · United States · $3.4B · Avg Vol: $15M/d

63
StockRank
Q
60
V
50
M
42
P/E (TTM)
17.3x
ROE
5.3%
D/E
1.3x
Dividend %
11.3%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

Golub Capital is a leading middle-market BDC. While well-managed, it is a financial intermediary with no structural moat or exposure to our high-conviction macro themes, making it unsuitable for a concentrated equity book.

COMPANY DESCRIPTION

Golub Capital BDC, Inc. is a business development company (BDC) that invests in senior secured loans, junior debt, and to a lesser extent, equity of middle-market companies across a variety of industries. Its competitive moat stems from its affiliation with Golub Capital, a leading middle-market lender with a long track record, providing access to significant deal flow and strong credit underwriting capabilities. GBDC focuses on providing consistent income to shareholders through its diversified debt portfolio.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGR
Revenue165.3M277.1M272.6M407.8M35.1%
EPS0.901.521.361.4216.4%
Shares170.9M169.6M264.3M266.0M+55.7%
Debt3.1B3.1B4.6B4.9B16.8%
Equity2.5B2.5B4.0B4.0B16.1%
Op CF-416.5M195.4M343.9M-113.6M76.0%
Inv CF—————
Fin CF353.1M-235.5M-124.2M-131.6M—
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PRICE (1Y)-6.1%
12.3512.6012.8613.1113.36May 7May 29Jun 18
SMA 50SMA 200
Close
$12.35
RSI (14)
38.5
52W High
$14.04
From 52W High
0.9%

SCORE BREAKDOWN

Quality
60
ROIC (ROA)
4.7%*74.6
ROE
5.3%22.3
GP/Assets
9.3%70.9
Op. Margin
77.9%90.0
FCF/Assets
3.3%56.8
Piotroski
—90.6
Int. Cover
—N/A
D/E Ratio
1.25x27.1
Current Ratio
2.68x64.0
Value
50
P/E (TTM)
17.3x29.8
EV/EBITDA
—N/A
P/FCF
11.4x57.4
P/B
0.9x62.3
P/S
4.2x37.8
Div Yield
11.3%94.8
Momentum
42
52W High %
88%41.6
RS 6M
-15%29.3
SMA 50/200
1.01x43.1
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
+64%77.3
Q Growth
—N/A

FUNDAMENTALS

Market Cap
$3.4B
P/E (Forward)
10.5x
Gross Margin
100.0%

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of GBDC are excluded.

TickerCompanyMkt CapStockRankSignal
GBDCGolub Capital BDC, Inc.(you)$3.4B63HOLD
ADXAdams Diversified Equity Fund, Inc.$3.1B64HOLD
UTFCohen & Steers Infrastructure Fund, Inc$3.0B63HOLD
DNPDNP Select Income Fund Inc.$4.1B65BUY
EVTEaton Vance Tax-Advantaged Dividend Income Fund$2.0B64HOLD
CNSCohen & Steers, Inc.$3.5B74BUY
DBRGDigitalBridge Group, Inc.$3.1B52HOLD
WTWisdomTree, Inc.$2.8B74BUY
CSQCalamos Strategic Total Return Fund$3.3B79BUY
APAMArtisan Partners Asset Management Inc.$2.6B76BUY

Peer medians: ROE 10.8% · P/E 13.6x · Gross margin 0.0%

Golub Capital BDC, Inc. (GBDC) — Stock Score Summary

Golub Capital BDC, Inc. (GBDC) has a MoatMap StockRank of 63/100 based on Quality (60/100), Value (50/100), and Momentum (42/100) factor scores. The current signal is HOLD. Golub Capital is a leading middle-market BDC. While well-managed, it is a financial intermediary with no structural moat or exposure to our high-conviction macro themes, making it unsuitable for a concentrated equity book.

Golub Capital BDC, Inc. is a business development company (BDC) that invests in senior secured loans, junior debt, and to a lesser extent, equity of middle-market companies across a variety of industries. Its competitive moat stems from its affiliation with Golub Capital, a leading middle-market lender with a long track record, providing access to significant deal flow and strong credit underwriting capabilities. GBDC focuses on providing consistent income to shareholders through its diversified debt portfolio.

Key Financial Metrics

Price$12.35
Market Cap$3.4B
P/E (TTM)17.26
P/E (Forward)10.53
Price/Book0.93
Return on Equity5.3%
Debt/Equity125.46
Gross Margin100.0%
Operating Margin77.9%
Revenue Growth-12.0%
Dividend Yield11.3%
Free Cash Flow$298M

Golub Capital BDC, Inc. operates in the Asset Management industry, part of the Financial Services sector (United States).

Frequently Asked Questions

What is Golub Capital BDC, Inc.’s (GBDC) StockRank?
MoatMap’s StockRank for Golub Capital BDC, Inc. (GBDC) is 63/100, with a Hold signal. It is a composite of Quality (60), Value (50), and Momentum (42) factor ranks across MoatMap’s 20,000+ stock universe.
Does Golub Capital BDC, Inc. have an economic moat?
Golub Capital BDC, Inc. (GBDC) has a Quality factor score of 60/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Golub Capital BDC, Inc. a buy, hold, or sell?
MoatMap’s current signal for Golub Capital BDC, Inc. (GBDC) is Hold, based on a StockRank of 63/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Golub Capital BDC, Inc. in?
Golub Capital BDC, Inc. (GBDC) operates in the Financial Services sector, specifically the Asset Management industry (United States).
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