Golub Capital BDC, Inc. 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. The company seeks to invest in the United States. It primarily invests in senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants. The company was founded in 1994 and is based in New York City, New York.
GBDC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for GOLUB CAPITAL BDC Inc. To summarize, we found that GOLUB CAPITAL BDC Inc ranked in the 80th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 482.83% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of GOLUB CAPITAL BDC Inc, consider:
The compound growth rate in the free cash flow of GOLUB CAPITAL BDC Inc over the past 4.33 years is 0.54%; that's better than 89.21% of cash flow producing equities in the Financial Services sector, where it is classified.
51% of the company's capital comes from equity, which is greater than only 23.72% of stocks in our cash flow based forecasting set.
GOLUB CAPITAL BDC Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as GBDC, try RNR, CBOE, FOCS, RGA, and ECPG.
Golub Capital BDC (GBDC) prices an underwritten public offering of $400M in aggregate principal amount of 3.375% notes due 2024. The notes will mature on April 15, 2024.Net proceeds of this offering primarily to initially repay outstanding indebtedness.Press Release...
Golub Capital BDC, Inc. (NASDAQ: GBDC) ("we," "us," "our," "GBDC" or the "Company") announced preliminary estimates of certain financial results for its third fiscal quarter ended June 30, 2020. The Company has elected to provide these results in light of ongoing financial market volatility and the evolving economic impact from COVID-19.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Golub Capital BDC, Inc. (NASDAQ: GBDC) (the "Company") announced that certain affiliates of Golub Capital LLC, an affiliate of GC Advisors LLC, the Company's investment adviser, and a trust that acquires shares of Company common stock for the purpose of awarding incentive compensation to employees of Golub Capital LLC acquired over 5.6 million shares of the Company's common stock between April 1, 2020 and June 15, 2020. The Company previously disclosed that these entities held an aggregate of more than 12.0 million shares of the Company's common stock as of March 31, 2020.