Company Valuation: Golub Capital BDC, Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,674 2,117 2,488 3,998 3,647 3,147 - -
Change - -20.82% 17.5% 60.7% -8.79% -13.7% - -
Enterprise Value (EV) 2,674 2,117 2,488 3,998 3,647 3,147 3,147 3,147
Change - -20.82% 17.5% 60.7% -8.79% -13.7% 0% 0%
P/E 7.79x 13.8x 9.65x 11.2x 9.71x 19.6x 9.47x 9.98x
PBR 1.04x 0.83x - - - 0.85x 0.85x -
PEG - -0.2x 0.1x -1x 2.18x -0.3x 0x -1.97x
Capitalization / Revenue 8.71x 5.46x 4.13x 5.52x 4.19x 4.07x 4.21x 4.25x
EV / Revenue 0x 0x 0x 0x 0x 4.07x 4.21x 4.25x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x - 0x 8.99x 9.48x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.16 1.2 1.4 1.89 1.65 1.38 1.32 1.22
Rate of return 7.34% 9.69% 9.54% 12.5% 12.1% 11.4% 10.9% 10.1%
EPS 2 2.03 0.9 1.52 1.35 1.41 0.618 1.28 1.215
Distribution rate 57.1% 133% 92.1% 140% 117% 223% 103% 100%
Net sales 1 307.1 387.8 603.1 724.7 870.8 773.2 747.1 740.9
EBITDA - - - - - - - -
EBIT 1 233.4 285.6 443.4 - 397.3 350.1 331.8 -
Net income 1 340.3 153.4 258.6 273.8 376.6 156.6 314.6 316
Net Debt - - - - - - - -
Reference price 2 15.81 12.39 14.67 15.11 13.69 12.12 12.12 12.12
Nbr of stocks (in thousands) 169,152 170,896 169,595 264,609 266,376 259,652 - -
Announcement Date 29/11/21 21/11/22 20/11/23 19/11/24 18/11/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.61x - - 11.39% 3.15B
21.24x5.79x12.51x2.05% 173B
13.18x3.26x - 2.68% 142B
15.57x7.18x - 1.59% 97.75B
19.64x7.06x12.58x4.31% 94.34B
14.41x9.79x16.77x0.86% 81.99B
22.23x11.69x19.1x4.26% 75.23B
18.22x10.47x8.06x1.98% 66.63B
12.48x4.8x - 2.09% 45.79B
Average 17.40x 7.51x 13.81x 3.47% 86.67B
Weighted average by Cap. 17.46x 6.99x 13.64x 2.5%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Golub Capital BDC, Inc.

Historical PBR trend

Valuation ratios - PBR - Golub Capital BDC, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Golub Capital BDC, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Golub Capital BDC, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Golub Capital BDC, Inc.
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