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Barings BDC Valuation Multiples

Discover revenue and EBITDA valuation multiples for Barings BDC and similar public comparables like Bain Capital Specialty, B2 Impact, Kayne Anderson BDC, Alpha Investment and more.

Barings BDC Overview

About Barings BDC

Barings BDC Inc operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. 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. It employs fundamental credit analysis and targets investments in businesses with low levels of cyclicality and operating risk relative to other businesses in this market segment. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility.


Founded

2006

HQ

United States

Employees

0

Financials (LTM)

Revenue: $267M
Net Income: $100M

EV

$2B

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Barings BDC Financials

Barings BDC reported last 12-month revenue of $267M.

In the same LTM period, Barings BDC generated $100M in net income.

Revenue (LTM)


Barings BDC P&L

In the most recent fiscal year, Barings BDC reported revenue of $279M and net income of $102M.

Barings BDC is profitable as of last fiscal year, with net margin of 37%.

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LTMLast FY202320242025202620272028
Revenue$267M$279M$140M$124M$114M
Net Profit$100M$102M$128M$110M$102M
Net Margin37%37%92%89%90%
Net Debtβ€”$1Bβ€”β€”β€”

Financial data powered by Morningstar, Inc.

Barings BDC Stock Performance

Barings BDC has current market cap of $891M, and enterprise value of $2B.

Market Cap Evolution


Barings BDC's stock price is $8.51.

Barings BDC share price decreased by 6.9% in the last 30 days, and by 8.6% in the last year.

Barings BDC has an EPS (earnings per share) of $0.97.

See more trading valuation data for Barings BDC
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$891M0.0%-6.9%0.8%-8.6%$0.97

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Barings BDC Valuation Multiples

Barings BDC trades at 8.6x EV/Revenue multiple.

See NTM and 2027E valuation multiples for Barings BDC

EV / Revenue (LTM)


Barings BDC Financial Valuation Multiples

As of May 23, 2026, Barings BDC has market cap of $891M and EV of $2B.

Barings BDC has a P/E ratio of 8.9x.

LTMLast FY202320242025202620272028
EV/Revenue8.6x8.3x16.5x18.7x20.3x
P/E8.9x8.7x7.0x8.1x8.7x
EV/FCFβ€”14.4x30.0x18.9x14.4x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Barings BDC Valuation Multiples

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Barings BDC Margins & Growth Rates

Barings BDC decreased revenue by 11% and net profit by 5% in the last fiscal year.

In the most recent fiscal year, Barings BDC reported net margin of 37%.

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Barings BDC Margins

Last FY202420252026202720282029
EBIT Marginβ€”β€”β€”42%
Net Margin37%89%90%39%
FCF Margin57%99%141%β€”

Barings BDC Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(11%)(12%)(8%)119%
Net Profit Growth(5%)(14%)(8%)(5%)
FCF Growthβ€”59%31%β€”

Data powered by FactSet, Inc. and Morningstar, Inc.

Barings BDC Operational KPIs

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LTMLast FY202320242025202620272028
G&A Expenses to Revenueβ€”3%7%8%7%
Opex to Revenue50%49%7%8%7%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Barings BDC Competitors

Barings BDC competitors include Bain Capital Specialty, B2 Impact, Kayne Anderson BDC, Alpha Investment, PennantPark Floating Rate, Goldman Sachs BDC, Velocity Financial, Heartland Group, Grenke and ECN Capital.

Most Barings BDC public comparables operate across Specialty Finance.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Bain Capital Specialty8.5x8.7xβ€”β€”
B2 Impact4.1x4.1x10.5x10.1x
Kayne Anderson BDC8.9x9.3xβ€”β€”
Alpha Investmentβ€”β€”β€”β€”
PennantPark Floating Rate9.5x9.2xβ€”β€”
Goldman Sachs BDC7.9x8.4xβ€”β€”
Velocity Financial21.5x25.9xβ€”β€”
Heartland Group5.3x4.9x28.0x28.0x

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Barings BDC Investment Activity

Barings BDC has invested in 9 companies to date.

Latest investment by Barings BDC was on June 22nd 2022. Barings BDC invested in Global Premier Fertility in their $11M Series C round (EV/Revenue multiple of ).

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Latest Investments by Barings BDC

Global Premier Fertility
ClearEstate
ClearEstate
Vinventions
Description
Global Premier Fertility is a network of fertility clinics offering practice management, revenue cycle optimization, and physician partnership models across the United States. The organization supports IVF labs, egg freezing programs, and genetic screening services while allowing clinicians to retain control over patient care protocols in facilities from California to Florida.
ClearEstate is a technology platform that supports executors in managing estate settlements through automated administrative processes. The company handles tasks such as document processing, asset inventory, and beneficiary communications to minimize reliance on licensed professionals. ClearEstate provides educational resources and transparency tools for executors and heirs during probate proceedings. Montreal-based, the platform processes probate filings and coordinates with legal and financial entities across Canada.
ClearEstate is a technology platform that supports executors in managing estate settlements through automated administrative processes. The company handles tasks such as document processing, asset inventory, and beneficiary communications to minimize reliance on licensed professionals. ClearEstate provides educational resources and transparency tools for executors and heirs during probate proceedings. Montreal-based, the platform processes probate filings and coordinates with legal and financial entities across Canada.
Vinventions is a supplier of closure technologies for wine bottles, including Nomacorc synthetic corks. Headquartered in France with a U.S. presence, it offers products emphasizing performance, sustainability, and efficiency. The portfolio serves global winemakers seeking reliable sealing solutions.
HQ CountryUnited StatesCanadaCanadaUnited States
HQ City
Los Angeles, CA
Montreal
Montreal
Raleigh, NC
Deal Date22 Jun 20223 Feb 202216 Jun 202115 Jan 2015
RoundSeries CSeries ASeedUndisclosed stage
Raised$11M$13M$2M$22M
InvestorsBarings BDCBarings BDC; Diagram Ventures; NAventures; OMERS Ventures; Torstar CorporationBarings BDC; Diagram Ventures; NAventuresBarings BDC
Valuation$49Mundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Barings BDC

When was Barings BDC founded?Barings BDC was founded in 2006.
Where is Barings BDC headquartered?Barings BDC is headquartered in United States.
How many employees does Barings BDC have?As of today, Barings BDC has over 0 employees.
Who is the CEO of Barings BDC?Barings BDC's CEO is Thomas Q. McDonnell.
Is Barings BDC publicly listed?Yes, Barings BDC is a public company listed on NYSE.
What is the stock symbol of Barings BDC?Barings BDC trades under BBDC ticker.
When did Barings BDC go public?Barings BDC went public in 2007.
Who are competitors of Barings BDC?Barings BDC main competitors include Bain Capital Specialty, B2 Impact, Kayne Anderson BDC, Alpha Investment, PennantPark Floating Rate, Goldman Sachs BDC, Velocity Financial, Heartland Group, Grenke, ECN Capital.
What is the current market cap of Barings BDC?Barings BDC's current market cap is $891M.
What is the current revenue of Barings BDC?Barings BDC's last 12 months revenue is $267M.
What is the current revenue growth of Barings BDC?Barings BDC revenue growth (NTM/LTM) is (7%).
What is the current EV/Revenue multiple of Barings BDC?Current revenue multiple of Barings BDC is 8.6x.
Is Barings BDC profitable?Yes, Barings BDC is net-income-positive (as of the last 12 months).
What is the current net income of Barings BDC?Barings BDC's last 12 months net income is $100M.
How many companies Barings BDC has acquired to date?Barings BDC hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Barings BDC has invested to date?As of May 2026, Barings BDC has invested in 9 companies.
What was the last Barings BDC investment?On 22nd June 2022 Barings BDC invested in Global Premier Fertility, participating in a $11M Series C round at $49M valuation.
In what companies Barings BDC invested in?Barings BDC invested in Vinventions, PlayHaven, Justrite Manufacturing, Specialized Desanders, ClearEstate, Cafe Enterprises, AGM Automotive, Global Premier Fertility, and Tate’s Bake Shop.

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