Barings Bdc Inc - Understand $bbdc stock

$BBDC Market Cap: $1.044 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$179.1M

TTM

Gross Margin

92.78%

TTM

Net Earnings

$115.4M

TTM

Current Assets

$127.0M

Q3 2024

Current Liabilities

$31.74M

Q3 2024

Current Ratio

400.2%

Q3 2024

Total Assets

$2.605B

Q3 2024

Total Liabilities

$1.411B

Q3 2024

Book Value

$1.194B

Q3 2024

Cash

$65.99M

Q3 2024

P/E

9.049

Nov 14, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$129.8M	$116.3M	$135.3M	$71.00M	$75.60M	$80.20M	$123.0M	$113.7M	$121.3M	$104.5M	$101.0M	$90.40M	$63.40M	$36.00M	$27.80M	$21.40M	$12.70M	$6.700M	$6.000M	$2.000M
YoY Change	11.65%	-14.09%	90.61%	-6.08%	-5.74%	-34.8%	8.18%	-6.27%	16.08%	3.47%	11.73%	42.59%	76.11%	29.5%	29.91%	68.5%	89.55%	11.67%	200.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$129.8M	$116.3M	$135.3M	$71.00M	$75.60M	$80.20M	$123.0M	$113.7M	$121.3M	$104.5M	$101.0M	$90.40M	$63.40M	$36.00M	$27.80M	$21.40M	$12.70M	$6.700M	$6.000M	$2.000M
Cost Of Revenue	$149.4M	$92.95M	$67.27M	$34.10M	$38.20M	$26.60M	$29.30M	$26.70M	$26.80M	$21.20M	$20.20M	$16.40M	$10.90M	$7.800M	$6.900M	$4.200M	$2.100M	$1.800M	$1.500M	$300.0K
Gross Profit	$139.8M	$126.2M	$68.06M	$36.90M	$37.40M	$53.60M	$93.70M	$87.00M	$94.50M	$83.30M	$80.80M	$74.00M	$52.50M	$28.20M	$20.90M	$17.10M	$10.70M	$4.900M	$4.400M	$1.600M
Gross Profit Margin	107.69%	108.53%	50.29%	51.97%	49.47%	66.83%	76.18%	76.52%	77.91%	79.71%	80.0%	81.86%	82.81%	78.33%	75.18%	79.91%	84.25%	73.13%	73.33%	80.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$9.984M	$9.917M	$9.095M	$5.800M	$6.900M	$53.70M	$21.50M	$28.10M	$22.90M	$21.30M	$19.30M	$16.30M	$12.00M	$7.700M	$6.400M	$6.300M	$4.100M	$1.700M	$1.600M	$1.600M
YoY Change	0.68%	9.04%	56.81%	-15.94%	-87.15%	149.77%	-23.49%	22.71%	7.51%	10.36%	18.4%	35.83%	55.84%	20.31%	1.59%	53.66%	141.18%	6.25%	0.0%	33.33%
% of Gross Profit	7.14%	7.86%	13.36%	15.72%	18.45%	100.19%	22.95%	32.3%	24.23%	25.57%	23.89%	22.03%	22.86%	27.3%	30.62%	36.84%	38.32%	34.69%	36.36%	100.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization				$0.00	$0.00	$0.00	$100.0K	$100.0K	$100.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$100.0K	$0.00
YoY Change						-100.0%	0.0%	0.0%										-100.0%
% of Gross Profit				0.0%	0.0%	0.0%	0.11%	0.11%	0.11%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.27%	0.0%
Operating Expenses	$9.984M	$9.917M	$9.095M	$5.900M	$6.900M	$53.70M	$21.50M	$28.10M	$22.90M	$21.30M	$19.30M	$16.30M	$11.90M	$7.600M	$6.800M	$6.500M	$4.200M	$1.800M	$1.800M	$1.700M
YoY Change	0.68%	9.04%	54.16%	-14.49%	-87.15%	149.77%	-23.49%	22.71%	7.51%	10.36%	18.4%	36.97%	56.58%	11.76%	4.62%	54.76%	133.33%	0.0%	5.88%	41.67%
Operating Profit	$129.8M	$116.3M	$58.97M	$31.00M	$30.50M	-$100.0K	$72.20M	$58.90M	$71.60M	$62.00M	$61.50M	$57.70M	$40.60M	$20.60M	$14.10M	$10.60M	$6.500M	$3.100M	$2.600M	-$100.0K
YoY Change	11.65%	97.17%	90.22%	1.64%	-30600.0%	-100.14%	22.58%	-17.74%	15.48%	0.81%	6.59%	42.12%	97.09%	46.1%	33.02%	63.08%	109.68%	19.23%	-2700.0%	-91.67%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$84.71M	$56.87M	$18.73M	-$19.70M	$28.30M	-$104.6M	-$100.0M	-$24.20M	-$22.00M	-$30.50M	$20.60M	$3.800M	$17.30M	$5.500M	-$9.900M	-$2.900M	$2.400M	$5.600M	$500.0K	-$1.200M
YoY Change	48.97%	203.67%	-195.06%	-169.61%	-127.06%	4.6%	313.22%	10.0%	-27.87%	-248.06%	442.11%	-78.03%	214.55%	-155.56%	241.38%	-220.83%	-57.14%	1020.0%	-141.67%
% of Operating Profit	65.26%	48.91%	31.76%	-63.55%	92.79%		-138.5%	-41.09%	-30.73%	-49.19%	33.5%	6.59%	42.61%	26.7%	-70.21%	-27.36%	36.92%	180.65%	19.23%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$129.7M	$6.087M	$77.69M	$8.200M	$58.50M	-$115.2M	-$27.80M	$34.70M	$48.20M	$31.50M	$81.80M	$60.60M	$57.70M	$25.60M	$4.200M	$7.800M	$8.900M	$8.700M	$3.200M	-$1.300M
YoY Change	2030.52%	-92.17%	847.49%	-85.98%	-150.78%	314.39%	-180.12%	-28.01%	53.02%	-61.49%	34.98%	5.03%	125.39%	509.52%	-46.15%	-12.36%	2.3%	171.88%	-346.15%	8.33%
Income Tax	$1.686M	$1.406M	$8.340K	$100.0K	$300.0K	-$900.0K	$900.0K	$400.0K	$400.0K	$3.100M	$500.0K	$600.0K	$900.0K	$200.0K	$100.0K	$100.0K	$100.0K	$0.00	$0.00	$0.00
% Of Pretax Income	1.3%	23.1%	0.01%	1.22%	0.51%			1.15%	0.83%	9.84%	0.61%	0.99%	1.56%	0.78%	2.38%	1.28%	1.12%	0.0%	0.0%
Net Earnings	$128.0M	$4.681M	$77.69M	$8.200M	$58.20M	-$114.3M	-$28.70M	$34.30M	$47.90M	$28.40M	$81.20M	$60.10M	$56.80M	$25.40M	$4.000M	$7.600M	$8.800M	$8.700M	$3.200M	-$1.300M
YoY Change	2634.44%	-93.97%	847.38%	-85.91%	-150.92%	298.26%	-183.67%	-28.39%	68.66%	-65.02%	35.11%	5.81%	123.62%	535.0%	-47.37%	-13.64%	1.15%	171.88%	-346.15%	8.33%
Net Earnings / Revenue	98.6%	4.03%	57.4%	11.55%	76.98%	-142.52%	-23.33%	30.17%	39.49%	27.18%	80.4%	66.48%	89.59%	70.56%	14.39%	35.51%	69.29%	129.85%	53.33%	-65.0%
Basic Earnings Per Share	$1.19	$1.12	$0.90	$0.64
Diluted Earnings Per Share	$1.19	$1.12	$1.189M	$168.7K	$1.159M	-$2.291M	-$617.2K	$942.3K	$1.443M	$953.0K	$2.942M	$2.251M	$2.898M	$1.984M	$465.1K	$1.101M	$1.313M	$1.299M	$592.6K	-$240.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$57.19M	$96.16M	$49.99M	$59.20M	$22.00M	$12.40M	$191.8M	$107.1M	$52.60M	$78.80M	$133.3M	$72.30M	$66.90M	$54.80M	$55.20M	$27.20M	$21.80M	$2.600M	$6.100M	$2.900M
YoY Change	-40.53%	92.37%	-15.56%	169.09%	77.42%	-93.53%	79.08%	103.61%	-33.25%	-40.89%	84.37%	8.07%	22.08%	-0.72%	102.94%	24.77%	738.46%	-57.38%	110.34%
Cash & Equivalents	$13.34M					$12.40M	$191.8M	$107.1M	$52.60M	$78.80M	$133.3M	$72.30M	$66.90M	$54.80M	$55.20M	$27.20M	$21.80M	$2.600M	$6.100M	$2.900M
Short-Term Investments
Other Short-Term Assets	$3.564M	$1.079M	$4.297M	$2.000M	$1.100M	$4.100M	$1.900M	$1.700M	$900.0K	$400.0K	$800.0K	$400.0K	$600.0K	$100.0K	$300.0K	$100.0K	$0.00	$0.00
YoY Change	230.31%	-74.89%	114.87%	81.82%	-73.17%	115.79%	11.76%	88.89%	125.0%	-50.0%	100.0%	-33.33%	500.0%	-66.67%	200.0%
Inventory
Prepaid Expenses
Receivables	$52.90M	$62.71M	$253.4M	$69.00M	$50.50M	$28.90M	$7.800M	$10.20M	$4.900M	$7.400M	$5.300M	$2.700M	$1.900M	$900.0K	$700.0K	$700.0K	$300.0K	$100.0K	$100.0K	$100.0K
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$113.6M	$159.9M	$307.7M	$130.2M	$73.60M	$45.40M	$201.5M	$119.0M	$58.40M	$86.60M	$139.4M	$75.40M	$69.40M	$55.80M	$56.20M	$28.00M	$22.10M	$2.700M	$6.200M	$3.000M
YoY Change	-28.95%	-48.01%	136.3%	76.9%	62.11%	-77.47%	69.33%	103.77%	-32.56%	-37.88%	84.88%	8.65%	24.37%	-0.71%	100.71%	26.7%	718.52%	-56.45%	106.67%
Property, Plant & Equipment							$100.0K	$100.0K	$100.0K	$100.0K	$100.0K	$100.0K	$100.0K	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change							0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.489B	$2.449B	$1.801B	$1.496B	$1.174B	$1.122B	$1.016B	$1.038B	$977.3M	$887.2M	$664.4M	$706.8M	$507.1M	$326.0M	$201.3M	$182.1M	$113.0M	$55.00M	$37.10M	$19.70M
YoY Change	1.62%	36.01%	20.38%	27.45%	4.61%	10.39%	-2.08%	6.2%	10.16%	33.53%	-6.0%	39.38%	55.55%	61.95%	10.54%	61.15%	105.45%	48.25%	88.32%
Other Assets	$3.948M	$3.224M	$2.985M	$7.600M	$5.400M	$300.0K	$5.200M	$2.700M	$3.500M	$1.200M	$11.10M	$12.30M	$6.700M	$6.200M	$3.500M	$3.500M	$1.000M	$2.000M	$1.100M	$800.0K
YoY Change	22.46%	8.01%	-60.73%	40.74%	1700.0%	-94.23%	92.59%	-22.86%	191.67%	-89.19%	-9.76%	83.58%	8.06%	77.14%	0.0%	250.0%	-50.0%	81.82%	37.5%
Total Long-Term Assets	$2.564B	$2.550B	$1.853B	$1.547B	$1.179B	$1.122B	$1.022B	$1.041B	$980.9M	$888.6M	$675.5M	$719.1M	$513.8M	$332.2M	$204.9M	$185.7M	$114.1M	$56.20M	$37.50M	$19.90M
YoY Change	0.54%	37.6%	19.81%	31.2%	5.06%	9.85%	-1.84%	6.1%	10.39%	31.55%	-6.06%	39.96%	54.67%	62.13%	10.34%	62.75%	103.02%	49.87%	88.44%
Total Assets	$2.677B	$2.710B	$2.161B	$1.677B	$1.253B	$1.168B	$1.223B	$1.160B	$1.039B	$975.2M	$814.9M	$794.5M	$583.2M	$388.0M	$261.1M	$213.7M	$136.2M	$58.90M	$43.70M	$22.90M
YoY Change
Accounts Payable	$19.57M	$9.629M	$10.24M	$4.100M	$5.200M	$5.300M	$9.900M	$6.800M	$7.500M	$7.100M	$7.500M	$6.400M	$4.100M	$2.300M	$2.200M	$1.600M	$1.100M	$800.0K	$0.00	$0.00
YoY Change	103.24%	-5.96%	149.75%	-21.15%	-1.89%	-46.46%	45.59%	-9.33%	5.63%	-5.33%	17.19%	56.1%	78.26%	4.55%	37.5%	45.45%	37.5%
Accrued Expenses	$8.450M	$7.635M	$5.704M	$2.200M	$2.500M	$700.0K	$4.000M	$4.000M	$3.700M	$3.400M	$3.000M	$3.100M	$3.500M	$2.400M	$2.300M	$1.900M	$700.0K	$600.0K	$600.0K	$200.0K
YoY Change	10.67%	33.84%	159.29%	-12.0%	257.14%	-82.5%	0.0%	8.11%	8.82%	13.33%	-3.23%	-11.43%	45.83%	4.35%	21.05%	171.43%	16.67%	0.0%	200.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$29.13M	$52.83M	$42.73M	$7.800M	$12.60M	$34.50M	$14.70M	$11.30M	$11.90M	$13.00M	$11.60M	$12.70M	$9.000M	$4.900M	$9.400M	$6.300M	$3.900M	$2.000M	$600.0K	$200.0K
YoY Change	-44.86%	23.64%	447.82%	-38.1%	-63.48%	134.69%	30.09%	-5.04%	-8.46%	12.07%	-8.66%	41.11%	83.67%	-47.87%	49.21%	61.54%	95.0%	233.33%	200.0%
Long-Term Debt	$1.440B	$1.448B	$1.373B	$944.0M	$669.2M	$570.0M	$565.8M	$535.2M	$514.0M	$428.0M	$354.0M	$363.1M	$239.2M	$202.5M	$121.9M	$115.1M	$37.00M	$31.80M	$31.80M	$17.70M
YoY Change	-0.53%	5.49%	45.42%	41.06%	17.4%	0.74%	5.72%	4.12%	20.09%	20.9%	-2.51%	51.8%	18.12%	66.12%	5.91%	211.08%	16.35%	0.0%	79.66%
Other Long-Term Liabilities	$11.27M	$16.68M	$1.160M	$1.300M
YoY Change	-32.45%	1337.93%	-10.79%
Total Long-Term Liabilities	$1.452B	$1.465B	$1.374B	$945.3M	$669.2M	$570.0M	$565.8M	$535.2M	$514.0M	$428.0M	$354.0M	$363.1M	$239.2M	$202.5M	$121.9M	$115.1M	$37.00M	$31.80M	$31.80M	$17.70M
YoY Change	-0.89%	6.62%	45.34%	41.26%	17.4%	0.74%	5.72%	4.12%	20.09%	20.9%	-2.51%	51.8%	18.12%	66.12%	5.91%	211.08%	16.35%	0.0%	79.66%
Total Liabilities	$1.481B	$1.518B	$1.419B	$959.2M	$681.8M	$604.6M	$581.8M	$548.5M	$530.9M	$444.3M	$369.1M	$377.2M	$248.9M	$207.6M	$132.0M	$122.2M	$42.70M	$33.80M	$32.40M	$17.90M
YoY Change	-2.42%	6.95%	47.93%	40.69%	12.77%	3.92%	6.07%	3.32%	19.49%	20.37%	-2.15%	51.55%	19.89%	57.27%	8.02%	186.18%	26.33%	4.32%	81.01%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	107.0M shares	102.9M shares	65.32M shares	48.58M shares
Diluted Shares Outstanding	107.0M shares	102.9M shares	65.32M shares	48.58M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.044 Billion

About Barings BDC Inc

Barings BDC, Inc., a traded fund, seeks investment opportunities in middle-market companies located in the United States with an EBITDA ranging from $5 - $75 million and revenues between $20 and $300 million. The company is headquartered in Charlotte, North Carolina and currently employs 0 full-time employees. The company went IPO on 2007-02-15. The Company’s investment objective is to generate current income by investing directly in privately held middle-market companies to help these companies fund acquisitions, growth or refinancing. The firm invest in predominately senior secured private debt investments in middle-market businesses that operate across a range of industries. The company invests primarily in loans that have terms of between five and seven years, and bear interest at rates ranging from London Interbank Offered Rate (LIBOR) (or an applicable successor rate) plus 450 basis points to LIBOR plus 650 basis points per annum. Its investment capabilities include first lien debt, unitranche, second lien debt and equity co-investments. The company invests in various industries, including manufacturing and distribution, business services and technology, and transportation and logistics. Its investment activities are managed by its investment adviser, Barings LLC.

Industry: UNKNOWN Peers: MidCap Financial Investment Corp Bain Capital Specialty Finance Inc Blackstone Inc AVANTAX, INC. Virtus Investment Partners Inc Oaktree Specialty Lending Corp New Mountain Finance Corp P10 Inc SLR Investment Corp Sixth Street Specialty Lending Inc