GBDC Stock Intrinsic Value – Golub Capital BDC Reaches Highest-Ever Adjusted Net Investment Income in Fiscal Year 2023 Fourth Quarter Financial Results
November 21, 2023
☀️Trending News
Golub ($NASDAQ:GBDC) Capital BDC, Inc. recently reached a milestone in its latest financial results for the fourth quarter of fiscal year 2023. Golub Capital BDC is a publicly traded business development company that focuses on providing financing solutions to middle-market companies across a wide range of industries. The company offers a variety of debt and equity products to help small and medium enterprises grow and succeed across the United States. These products include senior secured loans, second lien loans, subordinated debt, and mezzanine debt, as well as equity investments in selected companies. Golub Capital BDC is committed to providing long-term capital solutions to these businesses to help them reach their goals.
The company’s increased adjusted net investment income shows its success in delivering on its commitment to providing businesses with the capital they need to succeed. Going forward, Golub Capital BDC will continue to strive to provide innovative financing solutions to support the growth of middle-market companies across the United States.
Stock Price
On Monday, GOLUB CAPITAL BDC stock opened at $14.9 and closed at $15.0, a 0.7% increase from the prior closing price of $14.9. Investors responded positively to the news, pushing the stock to a 0.7% increase. This is a promising sign that the company will continue to experience positive growth in the future. 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 |
| 188.92 | 165.15 | 87.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GBDC. More…
| Operations | Investing | Financing |
| 290.18 | 13.42 | -240.26 |
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 |
| 5.74k | 3.22k | 14.83 |
Key Ratios Snapshot
Some of the financial key ratios for GBDC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 58.6% | – | – |
| FCF Margin | ROE | ROA |
| 153.6% | 4.2% | 1.8% |
Analysis – GBDC Stock Intrinsic Value
At GoodWhale, we recently conducted an analysis of GOLUB CAPITAL BDC’s wellbeing. After an in-depth evaluation, we determined that the intrinsic value of GOLUB CAPITAL BDC shares is around $15.7. This figure was calculated using our proprietary Valuation Line process. Currently, GOLUB CAPITAL BDC stock is trading at $15.0, which is a fair price but slightly undervalued by 4.5%. This creates an opportunity for investors who are looking to buy the stock at a discount. Nonetheless, investors should still research and evaluate the investment before committing to a purchase. More…
Peers
The Company’s investment activities are focused on leveraged buyouts, middle market lending, and mezzanine investments. Golub Capital BDC Inc is managed by Golub Capital LLC, an affiliate of Golub Capital Partners, LLC. OFS Capital Corp is a US-based closed-end investment company. The Company’s investment objective is to provide current income and capital gains. OFS Capital Corp invests primarily in middle-market companies in the form of mezzanine loans, first-lien, and second-lien loans, and equity securities. PhenixFIN Corp is a private equity firm specializing in growth capital, middle market, and mezzanine investments. PhenixFIN Corp was founded in 2006 and is based in Boston, Massachusetts. Princeton Capital Corp is a US-based investment company. The Company’s investment objective is to provide current income and capital gains. Princeton Capital Corp invests primarily in middle-market companies in the form of mezzanine loans, first-lien, and second-lien loans, and equity securities.
– OFS Capital Corp ($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
Golub Capital BDC, Inc. has reported its highest-ever adjusted net investment income for the fourth quarter of its fiscal year 2023. This is a positive sign for investors, as it shows that the company is continuing to perform well despite the current economic conditions. Golub Capital BDC has continued to take a disciplined approach to investing, with a focus on providing long-term capital to middle-market companies. This strategy has been successful, as evidenced by the fourth quarter results.
Furthermore, Golub Capital BDC has managed to maintain a strong balance sheet and a conservative leverage profile in order to finance investments and provide liquidity. Overall, Golub Capital BDC has demonstrated its ability to generate sustainable returns for investors and is well positioned to continue its success in the future.
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