GBDC Intrinsic Value Calculator – Janney Montgomery Scott LLC Boosts Holdings in Golub Capital BDC
May 5, 2023
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Janney Montgomery Scott LLC has recently increased its ownership in Golub ($NASDAQ:GBDC) Capital BDC Inc. (NASDAQ: GBDC), a publicly traded Business Development Corporation (BDC) that primarily provides financing options to the middle market. Golub Capital BDC invests in senior, second lien and subordinated debt, as well as minority equity investments. Golub Capital BDC’s activities are focused on supporting U.S. companies with up to $1 billion in enterprise value. It seeks to consistently deliver yields that are attractive relative to alternative investments through a combination of current income and capital appreciation.
Janney Montgomery Scott LLC’s increased investment in Golub Capital BDC is a strong indication of faith in the company and its business model. With its focus on lower middle-market companies and its ability to provide one-stop debt and equity financing solutions, Golub Capital BDC is well-positioned to take advantage of opportunities in the current market environment.
Stock Price
The Company’s investment objective is to generate current income and capital appreciation by investing primarily in debt and equity of middle-market companies. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GBDC. More…
| Total Revenues | Net Income | Net Margin |
| 137.3 | 115.94 | 84.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GBDC. More…
| Operations | Investing | Financing |
| -181.81 | 13.42 | 46.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GBDC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.67k | 3.15k | 14.71 |
Key Ratios Snapshot
Some of the financial key ratios for GBDC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 100.4% | – | – |
| FCF Margin | ROE | ROA |
| -132.4% | 2.9% | 1.3% |
Analysis – GBDC Intrinsic Value Calculator
GoodWhale is here to provide you with an in-depth analysis of GOLUB CAPITAL BDC’s fundamentals. We have used our proprietary Valuation Line to calculate the intrinsic value of GOLUB CAPITAL BDC’s share to be around $10.7. Interestingly, the current market price of the stock is $13.1, which is 22.2% overvalued from its intrinsic value. Therefore, as an investor if you are looking to invest in GOLUB CAPITAL BDC, be aware that the stock might be overvalued at this point. More…
Peers
The Company’s investment activities are focused on leveraged buyouts, middle market lending, and mezzanine investments. Golub Capital BDC Inc is managed by Golub Capital LLC, an affiliate of Golub Capital Partners, LLC. OFS Capital Corp is a US-based closed-end investment company. The Company’s investment objective is to provide current income and capital gains. OFS Capital Corp invests primarily in middle-market companies in the form of mezzanine loans, first-lien, and second-lien loans, and equity securities. PhenixFIN Corp is a private equity firm specializing in growth capital, middle market, and mezzanine investments. PhenixFIN Corp was founded in 2006 and is based in Boston, Massachusetts. Princeton Capital Corp is a US-based investment company. The Company’s investment objective is to provide current income and capital gains. Princeton Capital Corp invests primarily in middle-market companies in the form of mezzanine loans, first-lien, and second-lien loans, and equity securities.
– OFS Capital Corp ($NASDAQ:OFS)
OFS Capital Corp is a publicly traded business development company that provides financing solutions to middle market companies. The company has a market cap of 114.02M as of 2022. OFS Capital Corp’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The company invests primarily in senior secured and mezzanine loans of middle market companies.
– PhenixFIN Corp ($NASDAQ:PFX)
PhenixFIN Corp is a publicly traded company with a market capitalization of $79.3 million as of 2022. The company is engaged in the business of providing financial services and products to consumers and businesses. The company offers a wide range of services, including credit cards, loans, and investment products. PhenixFIN Corp is headquartered in San Francisco, California.
– Princeton Capital Corp ($OTCPK:PIAC)
Princeton Capital Corporation is a publicly traded company with a market capitalization of $33.13 million as of 2022. The company is engaged in the business of lending and investing in real estate and other businesses. Princeton Capital Corporation is headquartered in New York, New York.
Summary
Janney Montgomery Scott LLC recently increased its stake in Golub Capital BDC Inc., a business development company specializing in providing financing solutions to mid-market companies. Analysts have suggested the move is a sign of confidence in Golub’s ability to generate returns in the current market conditions. Furthermore, Golub has maintained high credit quality standards while taking advantage of the historically low interest rate environment. This is due in large part to its ability to continuously source attractive new investments and its commitment to risk management.
