Golub Capital BDC, Inc.

Golub Capital BDC, Inc.

GBDCยทNASDAQ

$12.90

+0.72%
Financial ServicesAsset Management

Golub Capital BDC, Inc. (GBDC) 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. 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.

At a Glance

Live Snapshot
Market Cap$3.36B
EPS1.4200
P/E Ratio9.08
Earnings Date08/03/2026
Golub Capital BDC, Inc.

Golub Capital BDC, Inc. Fair Value Envelope

GBDC ยท NASDAQ

Our analysis suggests that GBDC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $12.9, this represents a potential HIDDEN relative to our calculated worth for Golub Capital BDC, Inc..

Intrinsic Value
Current Price: $12.9

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$97.9M
+ Cash & Equivalents$23.6M
Firm Value-$74.3M
- Debt$4.9B
Equity Value-$5.0B
/ Shares Outstanding266,376,426B
DCF Value-$19
OVERVALUED BY 245%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$56.8M
-$28.4M
-$14.2M
-$7.1M
-$3.5M
-$1.8M
-$887.4K
-$443.7K
-$221.9K
-$110.9K
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
-$56.8M
-$28.4M
-$14.2M
-$7.1M
-$3.5M
-$1.8M
-$887.4K
-$443.7K
-$221.9K
-$110.9K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$52.6M
-$24.3M
-$11.3M
-$5.2M
-$2.4M
-$1.1M
-$517.8K
-$239.7K
-$111.0K
-$51.4K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.