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 3,347 - -
Change - -20.82% 17.5% 60.7% -8.79% -8.22% - -
Enterprise Value (EV) 2,674 2,117 2,488 3,998 3,647 3,347 3,347 3,347
Change - -20.82% 17.5% 60.7% -8.79% -8.22% 0% 0%
P/E 7.79x 13.8x 9.65x 11.2x 9.71x 20.9x 10.1x 10.6x
PBR 1.04x 0.83x - - - 0.9x 0.91x -
PEG - -0.2x 0.1x -1x 2.18x -0.4x 0x -2.09x
Capitalization / Revenue 8.71x 5.46x 4.13x 5.52x 4.19x 4.33x 4.48x 4.52x
EV / Revenue 0x 0x 0x 0x 0x 4.33x 4.48x 4.52x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x - 0x 9.56x 10.1x -
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% 10.7% 10.2% 9.46%
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 1 340.3 153.4 258.6 273.8 376.6 161 314.6 316
Net Debt - - - - - - - -
Reference price 2 15.81 12.39 14.67 15.11 13.69 12.89 12.89 12.89
Nbr of stocks (in thousands) 169,152 170,896 169,595 264,609 266,376 259,652 - -
Announcement Date 11/29/21 A 11/21/22 A 11/20/23 A 11/19/24 A 11/18/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.58x - - 10.85% 3.3B
21.79x5.94x12.84x2% 177B
13.82x3.34x - 2.6% 146B
15.76x7.23x - 1.57% 98.99B
19.88x7.08x12.63x4.29% 94.78B
19.34x10.06x17.17x0.83% 84.73B
22.82x11.93x19.63x4.15% 77.24B
12.63x4.82x - 2.06% 46.19B
10.75x1.55x4.81x1.36% 42.61B
Average 17.49x 6.49x 13.42x 3.3% 85.68B
Weighted average by Cap. 17.94x 6.50x 13.95x 2.43%

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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