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Upturn AI Summary - About
Investcorp Credit Management BDC Inc(ICMB)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ICMB
10/09/2026: ICMB (1-star) is currently NOT-A-BUY. Pass it for now.
Investcorp Credit Management BDC Inc is a publicly traded business development company focused on providing debt financing to middle-market firms. The company benefits from the institutional backing of its parent, Investcorp, which supports deal sourcing and credit underwriting. Its primary investment story centers on generating income for shareholders through interest payments from its loan portfolio. However, investors must consider risks such as interest rate volatility, potential credit defaults in its niche market, and limited share liquidity. It is best suited for income-focused investors comfortable with the risks associated with private credit, and stakeholders should monitor portfolio credit quality and dividend coverage ratios closely.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company is primarily structured for income generation rather than aggressive capital appreciation. |
| Momentum investor | Weak fit | ICMB typically exhibits low trading volume and lacks the price momentum profile sought by this investor type. |
| Value investor | Mixed fit | Investors might find value based on the discount to net asset value, though credit quality and portfolio performance require close monitoring. |
| Dividend investor | Strong fit while signal remains positive | The BDC structure is designed to pass through the majority of earnings as dividends, making it a focus for income-oriented portfolios. |
| Low-risk investor | Weak fit | Exposure to middle-market credit carries inherent risks of default and price volatility that are unsuitable for low-risk mandates. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The market price of BDC shares can fluctuate significantly based on interest rate expectations and credit concerns. |
| Valuation risk | Medium / high | The fair value of the portfolio is determined periodically and may not reflect immediate liquidation values. |
| Competition risk (Private Credit) | High | Intense competition from larger institutional players can compress spreads and affect origination quality. |
| Business quality | Medium | The company depends on the expertise of its external manager and the economic health of its underlying borrowers. |
| Dividend income | Medium | Dividends are subject to the company's ability to maintain net investment income above its operating costs. |
| Execution risk | Medium | Successful performance requires precise underwriting and effective management of the loan portfolio. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -39.47% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 10.10M USD | Price to earnings Ratio - | 1Y Target Price 6.5 |
Price to earnings Ratio - | 1Y Target Price 6.5 | ||
Volume (30-day avg) 37.7K shares | Beta 0.69 | 52 Weeks Range 0.65 - 3.12 | Updated Date 10/10/2026 |
52 Weeks Range 0.65 - 3.12 | Updated Date 10/10/2026 | ||
Dividends yield (FY) 35.56% | Basic EPS (TTM) -1.42 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Interest Income | Interest earned on first-lien, unitranche, and second-lien loans provided to middle-market companies. | The company earns the majority of its money from interest paid by the private companies it lends to. |
| Fee Income | Origination fees, structuring fees, and management fees related to investment activities. | Fees charged to borrowers for arranging and managing the loans provide an additional revenue stream. |
Valuation
Trailing PE - | Forward PE 7.66 | Enterprise Value 107.37M | Price to Sales(TTM) 0.67 |
Enterprise Value 107.37M | Price to Sales(TTM) 0.67 | ||
Enterprise Value to Revenue 16.09 | Enterprise Value to EBITDA 127.72 | Shares Outstanding 14.43M | Shares Floating - |
Shares Outstanding 14.43M | Shares Floating - | ||
Percent Insiders 26.2 | Percent Institutions 25.47 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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