Revenue distribution by industry:

1. Technology
2. Healthcare
3. Consumer goods

TOP 3 Markets:

• USA: approx. 70%
• Europe: approx. 20%
• Asia: approx. 10%

Golub Capital BDC, Inc. is a Business Development Company (BDC) that mainly operates in the USA. The majority of revenues come from providing debt capital to medium-sized companies, with a focus on the technology, healthcare, and consumer goods sectors.

The USA is Golub Capital BDC's main market, supported by a strong presence and extensive network in North America. Europe and Asia follow as other important markets, with a focus on expanding and diversifying investments.

Production: Golub Capital BDC, Inc. does not produce physical products.

Golub Capital BDC, Inc. is a Business Development Company (BDC) specializing in providing financing to middle-market companies. The company mainly offers debt financing and equity capital to support the growth and expansion of these businesses. Being a financial services company, there is no physical production of products.

Focus on Direct Loans: Golub Capital BDC, Inc. is increasingly focusing on direct lending to medium-sized companies.

Expansion of Credit Portfolios: The company plans to expand its credit portfolios through targeted investments in high-growth sectors.

Enhancing Market Presence: Through strategic partnerships and acquisitions, Golub Capital aims to further strengthen its market presence.

Golub Capital BDC, Inc. pursues a growth strategy based on strengthening its position in the field of direct lending. The company focuses on offering tailored financial solutions to medium-sized companies to support their growth.

In addition, Golub Capital plans to diversify its credit portfolios by investing in sectors with high growth potential. This is intended not only to minimize risk but also to increase returns.

To expand its market presence, the company relies on strategic partnerships and potential acquisitions. These measures are intended to enhance Golub Capital's competitiveness in the field of corporate finance.

Current data on commodity imports: No specific information available.

Golub Capital BDC, Inc. is a Business Development Company (BDC) that focuses on providing financing solutions to middle-market companies. As a financial services company, Golub Capital BDC does not import commodities or materials, as its business model is based on financing and investments rather than on the manufacturing or trading of physical goods.

If you require specific information on Golub Capital BDC's investments in companies that import commodities, an analysis of the portfolio companies would be necessary. However, this information is not directly applicable to Golub Capital BDC's own commodity imports.

Return on Equity (ROE): 10.5% (2024)

Cost-to-Income Ratio: 1.5% (2024)

Portfolio Growth: 8.2% (2024)

Golub Capital BDC, Inc. has a significant competitive advantage due to its specialized focus on the middle-market financing market. The net return on equity of 10.5% demonstrates efficient capital utilization, exceeding the industry average. This indicates a strong ability to generate returns from invested funds.

The cost-to-income ratio of 1.5% is relatively low, suggesting that the company effectively manages its operating expenses. This enables Golub Capital to offer competitive terms while ensuring profitability.

The portfolio growth of 8.2% in 2024 shows that the company is able to successfully expand its investments and explore new business opportunities. Together, these factors give Golub Capital BDC a robust competitive edge in its market segment.

Institutional Investor Share: approximately 40% (estimated for 2025)

Insider Purchases/Sales: No significant transactions in the last year

The institutional investor share in Golub Capital BDC, Inc. is around 40%, indicating a moderate interest from institutional investors. These investors are often interested in stable returns and dividends offered by BDCs.

In 2025, there were no significant insider purchases or sales, indicating a stable confidence of the management in the current company strategy and performance. Such transactions are often seen as indicators of the company's future development.

Market share of Golub Capital BDC, Inc.: Estimated around 3-5% (2025)

Main competitors and their market share:

1. Ares Capital Corporation (NasdaqGS:ARCC): around 10-12%
2. Prospect Capital Corporation (NasdaqGS:PSEC): around 6-8%
3. Main Street Capital Corporation (NYSE:MAIN): around 5-7%
4. FS KKR Capital Corp. (NYSE:FSK): around 4-6%
5. Owl Rock Capital Corporation (NYSE:ORCC): around 4-5%

Economic moat of Golub Capital BDC, Inc.:

Golub Capital BDC, Inc. has built a certain economic moat through specialized expertise in middle-market financing. Their strong relationships with sponsors and diversified credit structure provide an advantage over some competitors. Additionally, the company has a solid track record in lending, which strengthens investor confidence.

However, compared to competitors like Ares Capital, which have broader diversification and larger capital bases, Golub Capital's economic moat is less pronounced. Ares Capital has a significant advantage due to its size and market presence that is hard to surpass.

Overall, Golub Capital has a respectable but not insurmountable economic moat. The competitive advantage lies mainly in the niche of middle-market financing and established relationships, while larger competitors excel through economies of scale and broader product offerings.

Net Asset Value per Share (NAV): $15.50 (2024) Dividend Yield: 8.5% (2024) Portfolio Quality: 98% of investments are First Lien Senior Secured Loans (2024)

Golub Capital BDC, Inc. is a Business Development Company (BDC) specializing in providing debt capital to middle-market companies. The Net Asset Value per Share (NAV) of $15.50 indicates a solid foundation and provides investors with an indication of the stock's intrinsic value.

The 8.5% dividend yield is attractive, especially for investors seeking regular income. This high yield reflects the company's ability to generate stable returns from its investments.

Another positive aspect is the high quality of the portfolio, with 98% of investments consisting of First Lien Senior Secured Loans. This type of loan typically carries lower risk as they are backed by assets and have priority in case of default.

Overall, Golub Capital BDC, Inc. offers an attractive investment opportunity for investors looking for stable returns and a well-secured portfolio. However, potential investors should consider general market conditions and specific risks in the BDC sector.

Dividend Yield: 8.5% (2025, estimated)

Golub Capital BDC, Inc. is known for regularly distributing dividends to its shareholders. The dividend yield is currently around 8.5%, which is relatively high compared to other companies in the industry.

The reliability of Golub Capital BDC's dividend payments can be considered stable, as the company follows a consistent dividend policy. Business Development Companies (BDCs) like Golub Capital are legally required to distribute a large portion of their profits as dividends, which increases the likelihood of regular payouts.

However, it is important to continuously monitor the financial health and earnings of the company, as these factors can influence the ability to pay dividends.