Financial Services -
Asset Management - NYSE - US
$ 15.89
0.254 %
$ 1.13 B
Market Cap
8.92
P/E
1. INTRINSIC VALUE
Balance Sheet
Kayne Anderson BDC, Inc.
| Current Assets | 37.9 M |
| Cash & Short-Term Investments | 22.4 M |
| Receivables | 15.5 M |
| Other Current Assets | 0 |
| Non-Current Assets | 2.04 B |
| Long-Term Investments | 0 |
| PP&E | 0 |
| Other Non-Current Assets | 2.04 B |
| Current Liabilities | 28.4 M |
| Accounts Payable | 28.4 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 868 M |
| Long-Term Debt | 848 M |
| Other Non-Current Liabilities | 19.8 M |
EFFICIENCY
Earnings Waterfall
Kayne Anderson BDC, Inc.
| Revenue | 122 M |
| Cost Of Revenue | 57.8 M |
| Gross Profit | 122 M |
| Operating Expenses | -10.4 M |
| Operating Income | 133 M |
| Other Expenses | 717 K |
| Net Income | 132 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Kayne Anderson BDC, Inc.
| Net Income | 132 M |
| Depreciation & Amortization | 0 |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -12.6 M |
| Others | -687 M |
| Free Cash Flow | -545 M |
Wall Street Analysts Price Targets
Kayne Anderson BDC, Inc.
KBDC has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
201.40%
DIVIDEND YIELD
0.4 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Kayne Anderson BDC, Inc.
Sold
0-3 MONTHS
6.15 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
681 K USD 1
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 week ago
My Top 2 Buy And Hold Forever BDC Picks
BDCs are high-risk assets. It means that buy and hold forever strategy might be suboptimal. Yet, there are exceptions.
seekingalpha.com
- 2 weeks ago
2 BDCs That Qualify For The Retirement Income League
Business development companies, or BDCs, are inherently risk-on assets that operate in a volatile segment (private credit). In most cases they do not go well together with retirement income portfolios. Yet, there are some rare exceptions.
seekingalpha.com
- 3 weeks ago
Kayne Anderson BDC: Q1 Earnings Weaken Appeal (Rating Downgrade)
Kayne Anderson remains attractively valued in a premium BDC sector, but recent earnings and weaker distribution coverage warrant caution. Net investment income has declined, and dividend coverage is now tight, raising the risk of a potential cut if conditions don't improve. Portfolio fundamentals are strong with diversified, first-lien, floating-rate debt, but rising non-accruals and high rates present headwinds.
seekingalpha.com
- 3 weeks ago
Kayne Anderson BDC: Why It Remains My Top Pick In The Sector
KBDC is my largest BDC holding, driven by its conservative balance sheet, high portfolio quality, and attractive valuation. Since IPO, KBDC has delivered stable dividends and outperformed the BDC index, even during challenging market conditions. Recent Q1 2025 results highlight some areas for investor concern, but the core investment thesis remains intact.
seekingalpha.com
- 3 weeks ago
2 Stress-Free High Yields For Retirement And Significant Upside Potential
It is rare to find investments with high yields, strong capital appreciation potential, and relatively low risk. However, there are exceptions to this. We discuss two of these opportunities with yields of 8-10%.
seekingalpha.com
- 3 weeks ago
Kayne Anderson BDC, Inc. (KBDC) Q1 2025 Earnings Call Transcript
Kayne Anderson BDC, Inc. (NYSE:KBDC ) Q1 2025 Earnings Conference Call May 13, 2025 10:00 AM ET Company Participants Terry Hart - Chief Financial Officer Ken Leonard - Co-Chief Executive Officer Doug Goodwillie - Co-Chief Executive Officer Lee Feingold - Private Credit Managing Director Conference Call Participants Doug Harter - UBS Operator Ladies and gentlemen, hello and welcome to Kayne Anderson BDC, Inc. First Quarter 2025 Earnings Call. A question-and-answer session will follow the formal presentation.
seekingalpha.com
- 1 month ago
Kayne Anderson BDC, Inc. Announces March 31, 2025 Financial Results and Declares Second Quarter 2025 Dividend of $0.40 Per Share
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC or the Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the first quarter ended March 31, 2025. “We are pleased to report one of our strongest first quarters of investment activity since KBDC's inception,” said Doug Goodwillie, Co-Chief Executive Officer. “Our strategy of building a diversified portfolio of stable, well-.
businesswire.com
- 1 month ago
High Yield And Stress-Free Investing, 2 Picks To Get Both
10%+ yields and stress-free investing tend to be mutually exclusive. Yet, when the base rates are this high and the uncertainty levels in the system are elevated, it becomes more possible to capture both aspects. While there will be more value traps than sustainable income-producers, by doing a proper fundamental analysis we can avoid some of these unpleasant risks.
seekingalpha.com
- 1 month ago
My BDC Portfolio: 2 Months In And A Clear Alpha Performance
My BDC Portfolio: 2 Months In And A Clear Alpha Performance
seekingalpha.com
- 1 month ago
Investing In BDCs For Durable Income Amidst The Looming Recession
Rising non-accrual base is the BDC Achilles heel. The current economic conditions drive up the probability of that risk. Hence, the BDC income and NAV durability have become extremely important topics.
seekingalpha.com
- 1 month ago
Kayne Anderson BDC: Solid Income Prospects, Just Needs More Time
The newly listed BDC Kayne Anderson has an effective initial portfolio management, but its brief operational history requires investors to maintain a "HOLD" position. The company has shown stability through early market difficulties while performing better than multiple top-rated BDCs at a slight discount to its net asset value. KBDC has strong financial health through its low debt-to-equity ratio and high institutional ownership, while providing a 10% dividend yield with well-covered dividend payments.
seekingalpha.com
- 1 month ago
8. Profile
Summary
Kayne Anderson BDC, Inc. KBDC
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 1.13 B
Dividend Yield
201.40%
Description
Kayne Anderson BDC, Inc invests in middle market companies located in the United States with an EBITDA of USD 10 - 150 million. The fund focuses on a broad range of sectors and industries. It provides financing in the form of senior secured loans and split-lien loans to buyout transactions.
Contact
811 Main Street, Houston,
http://www.kaynebdc.com
IPO
Date
None
Employees
None
Officers
Mr. Michael Joseph O'Neil
Secretary & Chief Compliance Officer
Mr. Frank P. Karl
Senior Vice President
Mr. Douglas L. Goodwillie
Co-Chief Executive Officer & Co-Chief Investment Officer
Mr. Terry A. Hart
Chief Financial Officer & Treasurer
Mr. John B. Riley
Controller & Vice President
Mr. Kenneth B. Leonard
Co-Chief Executive Officer & Co-Chief Investment Officer