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Financial Services - Asset Management - NASDAQ - US
$ 26.53
-1.38 %
$ 592 M
Market Cap
6.73
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one GLAD stock under the worst case scenario is HIDDEN Compared to the current market price of 26.5 USD, Gladstone Capital Corporation is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one GLAD stock under the base case scenario is HIDDEN Compared to the current market price of 26.5 USD, Gladstone Capital Corporation is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one GLAD stock under the best case scenario is HIDDEN Compared to the current market price of 26.5 USD, Gladstone Capital Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart GLAD

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$30.0$30.0$29.0$29.0$28.0$28.0$27.0$27.0$26.0$26.0$25.0$25.0$24.0$24.0$23.0$23.0$22.0$22.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
96.6 M REVENUE
11.79%
94.7 M OPERATING INCOME
45.89%
94.5 M NET INCOME
121.49%
3.24 M OPERATING CASH FLOW
129.83%
0 INVESTING CASH FLOW
0.00%
-2.34 M FINANCING CASH FLOW
-23.02%
20.4 M REVENUE
-0.58%
8.99 M OPERATING INCOME
-66.89%
4 K NET INCOME
104.44%
0 OPERATING CASH FLOW
0.00%
0 INVESTING CASH FLOW
0.00%
0 FINANCING CASH FLOW
100.00%
Balance Sheet Gladstone Capital Corporation
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Current Assets 10.9 M
Cash & Short-Term Investments 2.3 M
Receivables 5.92 M
Other Current Assets 2.67 M
Non-Current Assets 796 M
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 796 M
98.65 %Total Assets$807.2m
Current Liabilities 8.6 M
Accounts Payable 4.15 M
Short-Term Debt 0
Other Current Liabilities 4.46 M
Non-Current Liabilities 79.7 M
Long-Term Debt 0
Other Non-Current Liabilities 79.7 M
4.69 %5.05 %90.26 %Total Liabilities$88.3m
EFFICIENCY
Earnings Waterfall Gladstone Capital Corporation
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Revenue 96.6 M
Cost Of Revenue 21.7 M
Gross Profit 74.9 M
Operating Expenses 1.97 M
Operating Income 94.7 M
Other Expenses 215 K
Net Income 94.5 M
100m100m90m90m80m80m70m70m60m60m50m50m40m40m30m30m20m20m10m10m0097m(22m)75m(2m)95m(215k)95mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
77.53% GROSS MARGIN
77.53%
98.03% OPERATING MARGIN
98.03%
98.03% NET MARGIN
98.03%
19.79% ROE
19.79%
11.66% ROA
11.66%
11.86% ROIC
11.86%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Gladstone Capital Corporation
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80m80m60m60m40m40m20m20m00(20m)(20m)(40m)(40m)(60m)(60m)(80m)(80m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 94.5 M
Depreciation & Amortization 0
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital 179 K
Others -91.6 M
Free Cash Flow 3.24 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Gladstone Capital Corporation
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Wall Street analysts predict an average 1-year price target for GLAD of $23 , with forecasts ranging from a low of $23 to a high of $23 .
GLAD Lowest Price Target Wall Street Target
23 USD -13.31%
GLAD Average Price Target Wall Street Target
23 USD -13.31%
GLAD Highest Price Target Wall Street Target
23 USD -13.31%
Price
Max Price Target
Min Price Target
Average Price Target
30302929282827272626252524242323222221212020Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
0.04% DIVIDEND YIELD
0.165 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.9000.9000.8000.8000.7000.7000.6000.6000.5000.5000.4000.4000.3000.3000.2000.2000.1000.1000.0000.0000.140.140.140.140.140.140.140.140.140.140.140.140.140.140.140.140.140.140.130.130.130.130.130.130.150.150.150.1660.1660.1660.1650.1650.1650.140.140.140.140.140.140.140.140.140.140.140.140.140.140.140.130.130.130.130.130.130.1360.1360.1360.160.160.160.1650.1650.1650.1650.1650.1650.140.140.140.140.140.140.140.140.140.140.140.140.140.140.140.130.130.130.130.130.130.1360.1360.1360.1660.1660.040.1660.1650.1650.1650.140.560.140.560.140.560.140.560.140.560.140.560.140.560.140.560.140.560.140.560.140.560.140.560.140.560.140.560.140.560.130.530.130.530.130.530.130.520.130.520.130.520.140.540.140.540.140.540.1660.640.1660.640.1660.520.1650.660.1650.660.40.900.1650.660.330.332015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Gladstone Capital Corporation
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Sold
0-3 MONTHS
5.33 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
424 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Warning To All BDC Investors I am increasingly cautious on BDCs due to rising non-accruals, weaker earnings, and looser underwriting amid intense competition for private credit deals. Elevated interest rates are suppressing BDC valuations and making it harder for borrowers to service debt, leading to fewer quality investment opportunities. Dividend coverage is weakening across many BDCs, with higher non-accruals and PIK income threatening the sustainability of distributions investors rely on. seekingalpha.com - 1 month ago
Gladstone Capital: Premium Has Come Down But Still Not A Buy GLAD's valuation has decreased but remains relatively high, with a 17.38% premium to NAV, making it still expensive despite recent price declines. The current dividend yield is 7.9%, but the low coverage rate of 101% raises concerns about its sustainability in a high-interest rate environment. Non-accruals have slightly increased to 7.5% of cost, indicating some portfolio stress, and GLAD underperforms peers with lower non-accrual rates. seekingalpha.com - 1 month ago
Gladstone Capital (GLAD) Q2 2025 Earnings Call Transcript Gladstone Capital. (NASDAQ:GLAD ) Q2 2025 Earnings Conference Call May 7, 2025 8:30 AM ET Company Participants David Gladstone - CEO Eric Helmut - General Counsel and Secretary Bob Marcotte - President Nicole Schaltenbrand - CFO and Treasurer Conference Call Participants Mickey Schleien - Ladenburg Thalmann Erik Zwick - Lucid Capital Markets Operator Greetings. seekingalpha.com - 1 month ago
Gladstone Capital: What To Look For Ahead Of Earnings Gladstone Capital's improving internal risk ratings and low PIK income are positives, but rising non-accruals and barely covered dividends pose significant risks. The BDC's portfolio quality has improved, but the weakened US economic outlook and potential global trade war impacts remain concerns. Despite the dividend being covered by net investment income, the low coverage ratio and 18% premium to NAV make GLAD a hold, not a buy. seekingalpha.com - 1 month ago
Gladstone Capital (GLAD) Q2 Earnings Match Estimates Gladstone Capital (GLAD) came out with quarterly earnings of $0.50 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.25 per share a year ago. zacks.com - 1 month ago
Gladstone Capital Corporation Reports Financial Results for its Second Quarter Ended March 31, 2025 MCLEAN, VA / ACCESS Newswire / May 6, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its second quarter ended March 31, 2025. Please read the Company's Quarterly Report on Form 10-Q filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov and the Investors section of the Company's website at www.GladstoneCapital.com. accessnewswire.com - 1 month ago
Gladstone Capital Corporation Earnings Call and Webcast Information MCLEAN, VA / ACCESS Newswire / May 5, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) announces the following event: What: Gladstone Capital Corporation's Second Fiscal Quarter ended March 31, 2025 Earnings Call & Webcast When: Wednesday, May 7, 2025 @ 8:30 a.m. Eastern Time Website: https://event.choruscall.com/mediaframe/webcast.html?webcastid=YjoExfAz How: By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact: Gladstone Capital Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through May 14, 2025. accessnewswire.com - 1 month ago
Major Market Disconnect: 5%+ Yields Trading For Pennies On The Dollar One opportunity yields 5.7% and trades at a 31% discount to NAV. The other yields 5% and trades at a 42% discount to NAV. Both are proven inflation hedges and have strong insider-aligned management in sectors the market has deeply mispriced. seekingalpha.com - 2 months ago
Gladstone Capital (GLAD) Soars 7.1%: Is Further Upside Left in the Stock? Gladstone Capital (GLAD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. zacks.com - 2 months ago
Gladstone Capital Announces Monthly Cash Distributions for April, May and June 2025 and Conference Call Date MCLEAN, VA / ACCESS Newswire / April 8, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for April, May and June 2025 and also announced its plan to report earnings for its second fiscal quarter ended March 31, 2025. Cash Distributions: Common Stock: $0.165 per share of common stock for each of April, May and June 2025, payable per the table below. accessnewswire.com - 2 months ago
How To Navigate BDC Investing In Lower Interest Rate Environment Lower interest rates negatively impact BDCs' net investment income due to the floating rate nature of their loans tied to the Fed Funds rate. A typical BDC portfolio, with a debt to equity ratio of 1.0x, cannot fully offset lower rates through floating leverage. However, there are some ways to manage this situation. seekingalpha.com - 3 months ago
Gladstone Capital: A Reliable Income Powerhouse Gladstone Capital is recommended as a 'Buy' for long-term income investors, with a 7.2% dividend yield. GLAD has shown strong price performance, with a 150% 5Y price return and 290% total return, outperforming the BIZD. The company's low leverage (0.68x) mitigates the impact of both the small portfolio size and the 7.4% decline in TII. seekingalpha.com - 3 months ago
8. Profile Summary

Gladstone Capital Corporation GLAD

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COUNTRY US
INDUSTRY Asset Management
MARKET CAP $ 592 M
Dividend Yield 0.04%
Description Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. It operates as a business development company. The fund also makes private equity investments in acquisitions, buyouts and recapitalizations, and refinancing existing debts. It targets small and medium-sized companies in United States. It is industry agnostic and seeks to invest in companies engaged in the business services, light and specialty manufacturing, niche industrial products and services, specialty consumer products and services, energy services, transportation and logistics, healthcare and education services, specialty chemicals, media and communications and aerospace and defense. The fund seeks to invest between $7 million and $30 million in companies that have between $20 million and $150 million in sales and EBITDA between $3 million and $25 million. It prefers to acquire minority stakes. It seeks to exit its investments through strategic acquisitions by other industry participants or financial buyers, initial public offerings of common stock, or other capital market transactions.
Contact 1521 Westbranch Drive, McLean, VA, 22102 https://www.gladstonecapital.com
IPO Date Aug. 2, 2002
Employees 73
Officers Mr. David John Gladstone Chairman & Chief Executive Officer Mr. Andrew Ahlberg Managing Director Mr. John Sateri Managing Director of Private Finance Mr. Robert L. Marcotte President Mr. Michael McQuigg Executive Vice President & Senior MD Mr. Christopher J. Lee Managing Director of Private Equity Mr. Michael Bernard LiCalsi Esq., J.D. General Counsel & Secretary Ms. Paula Novara Head of Resource Management & Director Ms. Nicole Schaltenbrand CPA Chief Financial Officer & Treasurer Mr. John Anthony Dellafiora Jr., CPA Chief Compliance Officer