Fidus Investment Corporation

Fidus Investment Corporation

FDUSยทNASDAQ

$18.40

-2.4%
Financial ServicesAsset Management

Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans. It does not invest in turnarounds or distressed situations. The fund prefers to invest in aerospace and defense, business services, consumer products and services including retail, food, and beverage, healthcare products and services, industrial products and services, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors. It seeks to invest in companies based in United States. The fund typically invests between $5 million and $15 million per transaction in companies with annual revenues between $10 million and $150 million and an annual EBITDA between $3 million and $20 million, but it can occasionally invest in larger or smaller companies. It seeks to acquire minority equity stakes and board observation rights in conjunction with its investments.

At a Glance

Live Snapshot
Market Cap$698.36M
EPS2.3200
P/E Ratio7.93
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 7.9).

Valuation inputs: P/E 7.9, earnings yield +12.6%, momentum -2.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +11.1%, ROIC +8.7%).

Profitability stack: net margin +51.7%, ROE +11.1%, ROIC +8.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +48.0%, momentum -2.4%, net margin +51.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

fdus

Fidus Investment Corporation Market vs Earnings Trajectory

FDUS ยท NASDAQ

Loading price and EPS data...

Fidus Investment Corporation

Fidus Investment Corporation Fair Value Envelope

FDUS ยท NASDAQ

Our analysis suggests that FDUS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $18.4, this represents a potential HIDDEN relative to our calculated worth for Fidus Investment Corporation.

Intrinsic Value
Current Price: $18.4
3Y+59.0%
5Y+81.0%
10Y+2.0%
3Y+122.0%
5Y+178.0%
10Y+164.0%
3Y+130.0%
5Y+164.0%
10Y+98.0%
3Y+39.0%
5Y-363.0%
10Y+337.0%
3Y+39.0%
5Y-363.0%
10Y+337.0%
3Y+52.0%
5Y+63.0%
10Y+143.0%
Fidus Investment Corporation

Fidus Investment Corporation Profit Bridge

FDUS ยท NASDAQ
Revenue159.25M
Cost of Goods Sold (43.62M)
Gross Profit115.62M
Operating Expenses (-5.57M)
Operating Income121.19M
Interest Expense (28.84M)
Other Income/Expense-32.51M
Pretax Income88.68M
Income Tax (6.28M)
Net Income82.40M
Net Income
82.40M

Profitability Analysis

Gross Margin

72.6%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

76.1%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

51.7%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

7.1%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

72.61%
Gross Profit Margin
-10%
3Y-6.0%
5Y+4.0%
10Y-27.0%
76.11%
Operating Profit Margin
5%
3Y+14.0%
5Y+34.0%
10Y+22.0%
51.75%
Net Profit Margin
-25%
3Y+3.0%
5Y-5.0%
10Y-25.0%
11.11%
Return on Equity
-7%
3Y+49.0%
5Y+46.0%
10Y-5.0%
5.78%
Return on Assets
-14%
3Y+51.0%
5Y+62.0%
10Y-18.0%
8.74%
Return on Invested Capital
26%
3Y+127.0%
5Y+144.0%
10Y+35.0%
FDUS

Fidus Investment Corporation Cash Conversion Engine

FDUS ยท NASDAQ
Net Income73.85M
Depreciation & Amortization-10.11M
Stock-Based Compensation0.00
Change in Working Capital1.02M
Others-1.61M
Capital Expenditures0.00
Free Cash Flow-147.00M

Cash Flow Quality Analysis

FCF Conversion Rate

-199.1%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

FCF Growth Trend

-335.7%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$1.02M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

fdus

Fidus Investment Corporation Funding & Solvency Profile

FDUS ยท NASDAQ
Cash & Cash Equivalents49.68M
Net Receivables23.39M
Inventory0.00
Other Current Assets0.00
Total Current Assets73 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets0
Total Assets
1.44B

Financial Health Analysis

Current Ratio

36.57x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.95x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

71 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

5% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

fdus

Fidus Investment Corporation Street Expectations Map

FDUS ยท NASDAQ

No Target Data

No analyst price targets available for fdus.

fdus

Fidus Investment Corporation Insider Positioning

FDUS ยท NASDAQ

During the last 12 months, there has been no insider trading activity reported for FDUS.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.46%
Dividend Yield
-83%
3Y-87.0%
5Y-81.0%
10Y-83.0%
ย 

fdus Dividend History

FDUS
10Y CAGR +5%
Latest $0.62
Annual $2.21
5 year growth trend
Last Period: +19%