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Golub Capital BDC (Golub Capital BDC) Cyclically Adjusted Price-to-FCF : (As of May. 16, 2024)


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What is Golub Capital BDC Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Golub Capital BDC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Golub Capital BDC's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Golub Capital BDC Cyclically Adjusted Price-to-FCF Chart

Golub Capital BDC Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Golub Capital BDC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Golub Capital BDC's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Golub Capital BDC's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Golub Capital BDC's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Golub Capital BDC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Golub Capital BDC's Cyclically Adjusted Price-to-FCF falls into.



Golub Capital BDC Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Golub Capital BDC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Golub Capital BDC's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.875/129.4194*129.4194
=0.875

Current CPI (Mar. 2024) = 129.4194.

Golub Capital BDC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.043 100.560 -1.342
201409 -0.021 100.428 -0.027
201412 -0.822 99.070 -1.074
201503 -0.191 99.621 -0.248
201506 -2.259 100.684 -2.904
201509 1.246 100.392 1.606
201512 0.425 99.792 0.551
201603 -1.376 100.470 -1.772
201606 0.236 101.688 0.300
201609 -0.307 101.861 -0.390
201612 -0.239 101.863 -0.304
201703 -0.309 102.862 -0.389
201706 -0.637 103.349 -0.798
201709 2.119 104.136 2.633
201712 -0.185 104.011 -0.230
201803 -0.280 105.290 -0.344
201806 -0.153 106.317 -0.186
201809 0.525 106.507 0.638
201812 -1.829 105.998 -2.233
201903 -0.267 107.251 -0.322
201906 0.843 108.070 1.010
201909 -0.509 108.329 -0.608
201912 -0.816 108.420 -0.974
202003 0.671 108.902 0.797
202006 0.683 108.767 0.813
202009 0.610 109.815 0.719
202012 -0.986 109.897 -1.161
202103 1.217 111.754 1.409
202106 0.249 114.631 0.281
202109 -2.286 115.734 -2.556
202112 -1.069 117.630 -1.176
202203 -1.213 121.301 -1.294
202206 -1.091 125.017 -1.129
202209 0.930 125.227 0.961
202212 0.310 125.222 0.320
202303 0.174 127.348 0.177
202306 0.286 128.729 0.288
202309 0.378 129.860 0.377
202312 0.965 129.419 0.965
202403 0.875 129.419 0.875

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Golub Capital BDC  (NAS:GBDC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Golub Capital BDC Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Golub Capital BDC's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Golub Capital BDC (Golub Capital BDC) Business Description

Traded in Other Exchanges
Address
200 Park Avenue, 25th Floor, New York, NY, USA, 10166
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in United States middle-market companies. It also invests in the second lien and subordinated loans, warrants, and minority equity securities in United States middle-market companies. The company generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated.
Executives
Anita R Rosenberg director C/O GOLUB CAPITAL BDC, INC., 150 SOUTH WACKER STREET, SUITE 800, CHICAGO IL 60606
Lawrence E Golub director, officer: Chairman 555 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
David Golub director, officer: Chief Executive Officer 1125 PARK AVE. 7A, NEW YORK NY 10128
John Thomas Baily director 919 THIRD AVENUE, 10TH FLOOR, NEW YORK NY 10022
Ericson Christopher Compton officer: Chief Fin. Officer & Treasurer C/O GOLUB CAPITAL, 200 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10166
Holder Lofton Phillip Jr director 48 WEST 89TH STREET, NEW YORK NY 10024
Joshua M Levinson officer: Chief Compliance Officer 150 SOUTH WACKER DRIVE, 8TH FLOOR, CHICAGO IL 60606
Webster William M Iv director 120 N LASALLE ST, SUITE 3300, CHICAGO IL 60602
Ross Teune officer: Chief Financial Officer 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Ohio Strs 10 percent owner 275 E BROAD ST, COLUMBUS OH 43215
Kenneth F Bernstein director C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVENUE, SUITE 300, RYE NY 10580
Thomas E Lynch director 382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Sean K Coleman officer: CFO and Treasurer C/O FRANKLIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Gems Fund, L.p. 10 percent owner C/O GC ADVISORS LLC, 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Golub Capital Co Iv, Llc 10 percent owner 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606