Barings BDC, Inc. (BBDC)
Financials · NYQ
Price as at 30 Sept 2026, 16:22 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Barings BDC, Inc. trades at $8.72, which is 26% below the $11.02 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 58 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 10.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
BBDC dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.780 | 3 |
| 2025 | $1.19 | 4 |
| 2024 | $1.04 | 4 |
| 2023 | $1.02 | 4 |
| 2022 | $0.950 | 4 |
| 2021 | $0.820 | 4 |
| 2020 | $0.650 | 4 |
| 2019 | $0.540 | 4 |
| 2018 | $2.21 | 4 |
| 2017 | $1.65 | 4 |
| 2016 | $1.89 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
BBDC earnings and analyst estimates
Recommendation mix, 6 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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. It specializes in mezzanine, leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies. It invests in manufacturing and distribution; business services and technology; transportation and logistics; consumer product and services. It invests in United States. It invests in companies with EBITDA of $10 million to $75 million, typically in private equity sponsor backed. The firm prefers to invest in companies having maximum revenue of $200 million and having EBITDA value between $10 million and $75 million.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
BBDC passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
5 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$9.63M · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$1.05M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$880.3K · 0.0% of book
- Joel Greenblatt, Gotham Asset Management, LLC$340.8K · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$321.0K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
BBDC peers
The largest companies in the same industry (Asset Management), then in the same sector.
- KKR KKR & Co. Inc.
- APO Apollo Global Management, Inc.
- ARES Ares Management Corporation
- CG The Carlyle Group Inc.
- BEN Franklin Templeton Inc.
- BAMGF Brookfield Corporation
- OWL Blue Owl Capital Inc.
- PS Pershing Square Inc.
Every financials company we cover is on the Financials hub.
Common questions
Is Barings BDC, Inc. (BBDC) undervalued?
Against our fair value estimate of $11.02, BBDC at $8.72 is 26% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own BBDC?
5 of the institutions we track reported a position in BBDC in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is BBDC's P/E ratio?
BBDC trades at 10.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Barings BDC, Inc. (BBDC) pay a dividend?
Yes. Barings BDC, Inc. yields 12.24% at the current share price. It has paid $1.04 per share over the trailing twelve months. It has paid a dividend in each of the last 19 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its BBDC data?
Fundamentals for BBDC come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 16:22 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for BBDC, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.