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Upturn AI SWOT - About
GBDC 
Golub Capital BDC Inc (GBDC)
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Upturn Advisory Summary
10/28/2025: GBDC (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $15.25
1 Year Target Price $15.25
| 2 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 35.17% | Avg. Invested days 106 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.78B USD | Price to earnings Ratio 9.99 | 1Y Target Price 15.25 |
Price to earnings Ratio 9.99 | 1Y Target Price 15.25 | ||
Volume (30-day avg) 5 | Beta 0.49 | 52 Weeks Range 12.03 - 15.22 | Updated Date 10/28/2025 |
52 Weeks Range 12.03 - 15.22 | Updated Date 10/28/2025 | ||
Dividends yield (FY) 10.90% | Basic EPS (TTM) 1.42 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 42.81% | Operating Margin (TTM) 78.76% |
Management Effectiveness
Return on Assets (TTM) 4.96% | Return on Equity (TTM) 9.33% |
Valuation
Trailing PE 9.99 | Forward PE 9.29 | Enterprise Value 8807273472 | Price to Sales(TTM) 4.31 |
Enterprise Value 8807273472 | Price to Sales(TTM) 4.31 | ||
Enterprise Value to Revenue 22.09 | Enterprise Value to EBITDA 18.93 | Shares Outstanding 266376416 | Shares Floating - |
Shares Outstanding 266376416 | Shares Floating - | ||
Percent Insiders 6.35 | Percent Institutions 42.23 |
Upturn AI SWOT
Golub Capital BDC Inc
Company Overview
History and Background
Golub Capital BDC Inc. was founded in 2009. It is a business development company (BDC) that provides financing solutions to middle-market companies. It has grown through strategic investments and acquisitions, focusing on senior secured debt.
Core Business Areas
- Direct Lending: Provides first lien senior secured, unitranche, second lien and mezzanine loans to middle-market companies.
- Senior Loan Program (SLP): Invests in senior secured loans, typically first-lien, held by other companies.
- Other Investments: May include preferred equity, common equity, and warrants.
Leadership and Structure
David B. Golub is the Chairman and CEO. The company is structured as a publicly traded BDC, managed by Golub Capital LLC, a registered investment advisor.
Top Products and Market Share
Key Offerings
- First Lien Senior Secured Loans: Primary investment focus. Market share data is difficult to pinpoint precisely for this specific slice. Golub Capital BDC focuses on providing a large quantity of first lien loans. Competitors include Ares Capital, Owl Rock Capital and Blackstone Private Credit Fund.
- Unitranche Loans: A hybrid loan combining characteristics of senior and subordinated debt. Market share data not easily available. Competitors include Ares Capital, Owl Rock Capital and Blackstone Private Credit Fund.
- Second Lien and Mezzanine Debt: Provides subordinated debt to middle-market companies. Market share data not easily available. Competitors include Ares Capital, Owl Rock Capital and Blackstone Private Credit Fund.
Market Dynamics
Industry Overview
The BDC industry provides capital to middle-market companies. It is subject to economic cycles and interest rate fluctuations.
Positioning
Golub Capital BDC is a leading BDC known for its focus on senior secured debt and risk management. The company differentiates itself through its strong underwriting process and long-standing relationships with private equity sponsors.
Total Addressable Market (TAM)
The total addressable market for middle-market lending is estimated to be hundreds of billions of dollars. GBDC aims to capture a significant portion of this by focusing on higher credit quality loans.
Upturn SWOT Analysis
Strengths
- Strong underwriting standards
- Experienced management team
- Focus on senior secured debt
- Established relationships with private equity sponsors
- Diversified portfolio
Weaknesses
- Reliance on external management by Golub Capital LLC
- Exposure to credit risk in middle-market lending
- Sensitivity to interest rate changes
- High operating expenses related to maintaining the business development company
Opportunities
- Growing demand for middle-market financing
- Expansion into new lending areas
- Strategic acquisitions
- Favorable regulatory changes for BDCs
Threats
- Economic downturns
- Increased competition from other lenders
- Rising interest rates
- Regulatory changes that limit BDC activities
Competitors and Market Share
Key Competitors
- ARCC
- ORCC
- BXSL
Competitive Landscape
GBDC benefits from strong underwriting practices and a well-established brand, but faces stiff competition from other large BDCs.
Major Acquisitions
GCL Investment Management
- Year: 2018
- Acquisition Price (USD millions): 325
- Strategic Rationale: Expand asset management capabilities and diversify revenue streams.
Growth Trajectory and Initiatives
Historical Growth: The company has grown its asset base through strategic lending and portfolio diversification. Recent growth has been driven by increased demand for private credit.
Future Projections: Future growth is expected to be driven by continued demand for middle-market financing and the company's ability to maintain its underwriting standards. Analyst estimates depend on market conditions and interest rate changes.
Recent Initiatives: Recent initiatives include focusing on higher-quality loans and expanding its relationships with private equity sponsors.
Summary
Golub Capital BDC is a well-managed BDC focused on senior secured lending to middle-market companies. Its strengths lie in its experienced management team and disciplined underwriting. However, it faces risks related to economic cycles and interest rate changes, but has a positive outlook.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- SEC Reports
- Analyst Reports
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Golub Capital BDC Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2010-04-15 | CEO & Director Mr. David B. Golub Ph.D. | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://www.golubcapitalbdc.com |
Full time employees - | Website https://www.golubcapitalbdc.com | ||
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.
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