Golub Capital BDC, Inc. (GBDC)
UndervaluedFundamental
68
Price
$12.52
Market Cap
$3.28B
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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
The largest US business development company, competing directly with Golub for the same senior secured and unitranche loans to private-equity-backed US middle-market borrowers.
A direct lender to sponsor-backed upper-middle-market companies, bidding on the same first lien and unitranche deals Golub originates.
Invests in floating-rate first lien senior secured loans to large US middle-market companies, the same borrowers and deal structures Golub targets.
Originates first and second lien senior secured loans to private-equity-sponsored US middle-market companies, competing for the same sponsor relationships.
A directly originated senior secured lender to US middle-market companies, competing on the same proprietary deal flow.
One of the largest US BDCs, lending senior secured and subordinated debt to the same private middle-market borrowers Golub finances.
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
No income data available
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$20.99
Current Price
$12.52
Margin of Safety
+40.4%
Fair Value Range
$13.64 - $28.34
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
19.43
ROE
9.5%
P/B Ratio
0.89
P/FCF
-
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
3.4%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (10)
- EPS shows upward trend
- EPS CAGR 30.86%
- P/B Ratio 0.89
- Debt/Equity ratio
- Low reliance on intangibles
- Price below Graham Number
- Revenue Growth 5Y 23.8%
- Analyst Consensus 85% Buy
- PEG Ratio 0.62
- Earnings Quality (OCF/NI) 5.35
Failed (7)
- Price CAGR -3.63%
- 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
Institutional Holdings
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.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2025-11-18
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-03
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-11
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for GBDC, sourced from Markets Gazette.