Barings BDC Inc
Research Barings BDC Inc (BBDC) on Bullrun: valuation model: 8.7% undervalued, market cap USD 892.10M, P/E 10.3, dividend yield 12.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBBDC
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal8.7% undervalued
- Market capUSD 892.10M
- P/E10.3
- Dividend yield12.1%
- Financial periodQ2 2026
- RevenueUSD 21.76M
- Net incomeUSD 18.33M
- Free cash flowUSD 15.78M
Valuation Snapshot
Bullrun's latest valuation model marks Barings BDC Inc as 8.7% undervalued; latest market cap is USD 892.10M; P/E is 10.3; dividend yield is 12.1%.
Peer valuation comparison
Latest P/E is 10.26x versus a Financial Services sector median of 13.39x (23.4% below).
Latest dividend yield is 12.14% versus a Financial Services sector median of 3.66% (232.1% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 113.62M | USD 101.92M | USD 160.54M | n/a | 1.12 | USD 66.78M | USD 1.20B | USD 1.16B |
| FY2024 | USD 123.59M | USD 110.29M | USD 122.16M | n/a | 1.24 | USD 91.34M | USD 1.01B | USD 1.19B |
| FY2023 | USD 139.67M | USD 128.00M | USD 76.94M | n/a | 1.2 | USD 70.53M | USD 720.58M | USD 1.20B |
| FY2022 | USD 16.00M | USD 4.68M | USD 86.27M | n/a | 1.12 | USD 139.42M | USD 718.98M | USD 1.19B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 892.10M | 10.3 | 12.2% | 1.04 |
| 2025 | 2025-12-31 | USD 961.21M | 9.5 | 13.0% | 1.19 |
| 2024 | 2024-12-31 | USD 1.01B | 9.2 | 10.9% | 1.04 |
| 2023 | 2023-12-29 | USD 913.91M | 9.5 | 11.9% | 1.02 |
| 2022 | 2022-12-30 | USD 886.98M | 27.2 | 11.7% | 0.95 |
| 2021 | 2021-12-31 | USD 719.78M | 9.3 | 7.4% | 0.82 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.04 USD, yield 12.1%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.19 USD |
| FY2024 | 1.04 USD |
| FY2023 | 1.02 USD |
| FY2022 | 0.95 USD |
About Barings BDC Inc
Barings BDC, Inc. is a publicly traded Real Estate, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.
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Frequently asked questions
Is Barings BDC Inc overvalued or undervalued?
Bullrun's valuation model currently marks Barings BDC Inc as 8.7% undervalued.
What is Barings BDC Inc's market cap?
Barings BDC Inc's market capitalization is USD 892.10M.
What is Barings BDC Inc's P/E ratio?
Barings BDC Inc's price-to-earnings (P/E) ratio is 10.3.
Does Barings BDC Inc pay a dividend?
Barings BDC Inc has a dividend yield of 12.1%.
What does Barings BDC Inc do?
Barings BDC, Inc. is a publicly traded Real Estate, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.