Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Golub Capital BDC, Inc. (GBDC)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$60.65 - $281.59$135.98
Multi-Stage$33.75 - $36.82$35.26
Blended Fair Value$85.62
Current Price$13.69
Upside525.39%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS21.97%19.89%1.381.270.720.580.520.510.280.270.290.22
YoY Growth--8.88%76.63%23.36%11.56%1.98%81.17%5.97%-7.45%29.02%-0.87%
Dividend Yield--10.11%8.39%4.77%4.43%3.39%3.63%1.53%1.62%1.59%1.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)376.65
(-) Cash Dividends Paid (M)368.21
(=) Cash Retained (M)8.44
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)75.3347.0828.25
Cash Retained (M)8.448.448.44
(-) Cash Required (M)-75.33-47.08-28.25
(=) Excess Retained (M)-66.89-38.64-19.81
(/) Shares Outstanding (M)266.00266.00266.00
(=) Excess Retained per Share-0.25-0.15-0.07
LTM Dividend per Share1.381.381.38
(+) Excess Retained per Share-0.25-0.15-0.07
(=) Adjusted Dividend1.131.241.31
WACC / Discount Rate7.47%7.47%7.47%
Growth Rate5.50%6.50%7.50%
Fair Value$60.65$135.98$281.59
Upside / Downside343.03%893.25%1,956.94%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)376.65401.13427.20454.97484.54516.04531.52
Payout Ratio97.76%96.21%94.66%93.10%91.55%90.00%92.50%
Projected Dividends (M)368.21385.92404.37423.59443.61464.43491.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.47%7.47%7.47%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)355.72359.09362.46
Year 2 PV (M)343.56350.11356.71
Year 3 PV (M)331.74341.26350.96
Year 4 PV (M)320.23332.54345.21
Year 5 PV (M)309.03323.95339.45
PV of Terminal Value (M)7,317.907,671.358,038.34
Equity Value (M)8,978.179,378.309,793.13
Shares Outstanding (M)266.00266.00266.00
Fair Value$33.75$35.26$36.82
Upside / Downside146.54%157.53%168.92%

High-Yield Dividend Screener

« Prev Page 83 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
300019.SZChengdu Guibao Science & Technology Co.,Ltd.1.52%$0.3140.29%
4009.SRMiddle East Healthcare Company1.52%$0.5012.40%
5482.TAichi Steel Corporation1.52%$44.2730.27%
600711.SSChengtun Mining Group Co., Ltd.1.52%$0.2335.49%
9435.THikari Tsushin, Inc.1.52%$664.2429.23%
CEGR3.SACompanhia Distribuidora de Gás do Rio de Janeiro - CEG1.52%$1.4751.97%
INVE-A.STInvestor AB (publ)1.52%$4.9521.54%
JDAN.COJeudan A/S1.52%$3.0017.56%
MYG.AXMayfield Group Holdings Limited1.52%$0.0538.65%
001213.SZChina Railway Special Cargo Logistics Co., Ltd.1.51%$0.0647.84%
002358.SZHenan Senyuan Electric Co., Ltd.1.51%$0.0874.78%
0QNO.LLonza Group AG1.51%$8.1143.57%
2332.TQuest Co., Ltd.1.51%$24.2217.41%
2517.HKGuoquan Food (Shanghai) Co Ltd1.51%$0.0528.47%
300092.SZSichuan Kexin Mechanical and Electrical Equipment Co.,Ltd1.51%$0.2480.12%
300596.SZRianlon Corporation1.51%$0.6428.93%
4030.SRThe National Shipping Company of Saudi Arabia1.51%$0.4421.11%
4578.TOtsuka Holdings Co., Ltd.1.51%$134.3915.80%
600109.SSSinolink Securities Co., Ltd.1.51%$0.1420.84%
601211.SSGuotai Junan Securities Co., Ltd.1.51%$0.3120.62%
603700.SSNingbo Water Meter (Group) Co., Ltd.1.51%$0.2044.19%
NWO.DENew Work SE1.51%$1.0047.05%
000968.SZShanxi Blue Flame Holding Company Limited1.50%$0.1023.97%
002262.SZJiangsu Nhwa Pharmaceutical Co., Ltd.1.50%$0.3629.87%
0QDX.ILAB Sagax (publ)1.50%$2.9642.30%
300986.SZJiangxi GETO New Materials Corporation Limited1.50%$0.1749.99%
600389.SSNantong Jiangshan Agrochemical & Chemicals Co.,Ltd.1.50%$0.3834.07%
605166.SSJuheshun Advanced Material Co., Ltd.1.50%$0.1625.21%
605555.SSNingbo Dechang Electrical Machinery Made Co., Ltd.1.50%$0.2849.12%
6113.HKBitStrat Holdings Limited1.50%$0.0346.13%
688188.SSShanghai BOCHU Electronic Technology Corporation Limited.1.50%$2.0455.83%
7472.TTOBA, Inc.1.50%$61.0518.55%
ABSO.STAbsolent Air Care Group AB (publ)1.50%$3.2542.64%
RIPLEY.SNRipley Corp S.A.1.50%$6.2516.33%
001311.SZChuzhou Duoli Automotive Technology Co., Ltd.1.49%$0.4853.94%
002698.SZHarbin Boshi Automation Co., Ltd.1.49%$0.2551.93%
077500.KSUniquest Corporation1.49%$99.9929.08%
0QQZ.LSt. Galler Kantonalbank AG1.49%$8.5111.89%
0YU.DEYum China Holdings Inc1.49%$0.7532.86%
300307.SZNingbo Cixing Co.,Ltd.1.49%$0.1187.46%
300841.SZChengdu Kanghua Biological Products Co., Ltd.1.49%$1.0877.05%
600827.SSShanghai Bailian (Group) Co., Ltd.1.49%$0.1398.59%
601113.SSYiwu Huading Nylon Co.,Ltd.1.49%$0.0721.89%
601990.SSNanjing Securities Co., Ltd.1.49%$0.1235.60%
6361.TEbara Corporation1.49%$54.9334.55%
6370.TKurita Water Industries Ltd.1.49%$94.5546.04%
6969.HKSmoore International Holdings Limited1.49%$0.1840.81%
8842.TTokyo Rakutenchi Co.,Ltd.1.49%$99.7279.28%
B3SA3.SAB3 S.A. - Brasil, Bolsa, Balcão1.49%$0.2021.40%
STMMI.MISTMicroelectronics N.V.1.49%$0.3559.85%