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Barings BDC

DB:A2JRMB
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A2JRMB
DB
$367M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Barings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Barings BDC is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Barings BDC has significant price volatility in the past 3 months.
A2JRMB Share Price and Events
7 Day Returns
6.6%
DB:A2JRMB
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-27.1%
DB:A2JRMB
-8.8%
DE Capital Markets
-17.5%
DE Market
A2JRMB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Barings BDC (A2JRMB) 6.6% -28.3% -29.5% -27.1% -63.4% -69.6%
DE Capital Markets 12.3% -26.5% -16.8% -8.8% -29% -56.3%
DE Market 7.2% -22.3% -26.1% -17.5% -25.7% -29.1%
1 Year Return vs Industry and Market
  • A2JRMB underperformed the Capital Markets industry which returned -8.8% over the past year.
  • A2JRMB underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
A2JRMB
Industry
5yr Volatility vs Market
Related Companies

A2JRMB Value

 Is Barings BDC undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Barings BDC. This is due to cash flow or dividend data being unavailable. The share price is €6.45.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Barings BDC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Barings BDC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A2JRMB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.16
NYSE:BBDC Share Price ** NYSE (2020-03-27) in USD $7.49
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Barings BDC.

DB:A2JRMB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BBDC Share Price ÷ EPS (both in USD)

= 7.49 ÷ 1.16

6.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Barings BDC is good value based on earnings compared to the DE Capital Markets industry average.
  • Barings BDC is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Barings BDC's expected growth come at a high price?
Raw Data
DB:A2JRMB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-23.1%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.49x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:A2JRMB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.46x ÷ -23.1%

-0.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Barings BDC earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Barings BDC's assets?
Raw Data
DB:A2JRMB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.66
NYSE:BBDC Share Price * NYSE (2020-03-27) in USD $7.49
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.61x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.42x
DB:A2JRMB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BBDC Share Price ÷ Book Value per Share (both in USD)

= 7.49 ÷ 11.66

0.64x

* Primary Listing of Barings BDC.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Barings BDC is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Barings BDC's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Barings BDC has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

A2JRMB Future Performance

 How is Barings BDC expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-23.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Barings BDC expected to grow at an attractive rate?
  • Barings BDC's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Barings BDC's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Barings BDC's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:A2JRMB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:A2JRMB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -23.1%
DB:A2JRMB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 6.9%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:A2JRMB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A2JRMB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 87 23 37 6
2020-12-31 80 17 32 7
2020-03-28
DB:A2JRMB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 76 -32 58
2019-09-30 74 -475 5
2019-06-30 67 -417 -102
2019-03-31 72 -302 -96
2018-12-31 80 -198 -114
2018-09-30 95 371 -48
2018-06-30 113 319 -4
2018-03-31 119 160 -21
2017-12-31 123 8 -29
2017-09-30 122 -181 -45
2017-06-30 120 -212 20
2017-03-31 117 -157 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Barings BDC's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Barings BDC's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:A2JRMB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Barings BDC Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A2JRMB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.78 0.88 0.70 6.00
2020-12-31 0.68 0.78 0.63 7.00
2020-03-28
DB:A2JRMB Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.16
2019-09-30 0.10
2019-06-30 -1.98
2019-03-31 -1.88
2018-12-31 -2.29
2018-09-30 -0.98
2018-06-30 -0.08
2018-03-31 -0.45
2017-12-31 -0.62
2017-09-30 -1.01
2017-06-30 0.48
2017-03-31 0.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Barings BDC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Barings BDC's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Barings BDC has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

A2JRMB Past Performance

  How has Barings BDC performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Barings BDC's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Barings BDC's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Barings BDC has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Barings BDC has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
Barings BDC's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Barings BDC Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A2JRMB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 75.65 58.19 19.00
2019-09-30 73.85 4.92 18.10
2019-06-30 66.62 -101.66 24.67
2019-03-31 72.49 -95.59 27.57
2018-12-31 80.22 -114.28 28.80
2018-09-30 95.33 -47.92 30.94
2018-06-30 113.15 -4.03 25.12
2018-03-31 118.89 -21.37 21.81
2017-12-31 123.00 -28.65 21.51
2017-09-30 122.48 -45.07 21.45
2017-06-30 120.01 20.31 20.93
2017-03-31 117.21 29.02 21.50
2016-12-31 113.68 34.26 21.08
2016-09-30 114.33 36.45 21.41
2016-06-30 117.76 46.44 22.35
2016-03-31 117.16 51.93 21.37
2015-12-31 121.29 47.86 22.90
2015-09-30 120.11 38.88 23.65
2015-06-30 114.14 12.20 22.05
2015-03-31 111.25 24.21 22.84
2014-12-31 104.51 28.36 21.32
2014-09-30 95.85 45.66 17.96
2014-06-30 98.28 77.64 19.33
2014-03-31 100.60 75.29 20.20
2013-12-31 101.03 81.21 19.26
2013-09-30 104.00 79.03 20.17
2013-06-30 101.02 72.09 19.03
2013-03-31 95.72 65.87 16.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Barings BDC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Barings BDC used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Barings BDC's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Barings BDC's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Barings BDC has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

A2JRMB Health

 How is Barings BDC's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Barings BDC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Barings BDC's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Barings BDC's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Barings BDC's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Barings BDC Company Filings, last reported 2 months ago.

DB:A2JRMB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 570.87 669.15 21.99
2019-09-30 572.44 630.80 12.84
2019-06-30 583.08 631.94 12.93
2019-03-31 584.16 620.00 3.06
2018-12-31 562.97 570.00 12.43
2018-09-30 610.98 210.00 116.68
2018-06-30 658.31 420.55 216.49
2018-03-31 641.51 535.14 207.91
2017-12-31 641.28 565.80 191.85
2017-09-30 630.39 550.44 81.00
2017-06-30 707.94 534.24 65.00
2017-03-31 729.21 499.62 90.60
2016-12-31 611.16 535.16 107.09
2016-09-30 619.36 499.19 168.34
2016-06-30 498.25 559.45 124.93
2016-03-31 504.35 503.47 64.16
2015-12-31 508.37 514.05 52.62
2015-09-30 515.73 503.09 53.03
2015-06-30 514.82 470.78 117.55
2015-03-31 519.62 469.68 111.76
2014-12-31 530.83 427.96 78.76
2014-09-30 547.45 384.99 84.01
2014-06-30 445.77 374.13 79.59
2014-03-31 438.63 353.69 90.84
2013-12-31 445.79 354.01 133.30
2013-09-30 441.27 354.38 160.02
2013-06-30 431.09 342.69 117.13
2013-03-31 422.31 342.65 37.04
  • Barings BDC's level of debt (117.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (80.7% vs 117.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Barings BDC's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Barings BDC has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

A2JRMB Dividends

 What is Barings BDC's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.54%
Current annual income from Barings BDC dividends. Estimated to be 8.97% next year.
If you bought €2,000 of Barings BDC shares you are expected to receive €171 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Barings BDC's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Barings BDC's dividend is above the markets top 25% of dividend payers in Germany (4.96%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:A2JRMB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:A2JRMB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.70 6.00
2020-12-31 0.64 7.00
2020-03-28
DB:A2JRMB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.640 8.276
2019-10-30 0.600 5.795
2019-10-29 0.600 5.908
2019-07-30 0.560 5.602
2019-05-09 0.480 4.818
2019-02-27 0.480 4.848
2018-10-11 0.400 4.095
2018-08-29 0.120 1.173
2018-08-01 0.000 0.000
2018-05-02 1.200 10.386
2018-02-28 1.200 10.361
2017-11-01 1.800 17.933
2017-08-02 1.800 13.207
2017-02-22 1.800 9.876
2016-11-23 1.800 9.472
2016-08-24 1.800 9.402
2016-08-03 1.800 9.101
2016-02-24 2.160 11.191
2015-11-25 2.360 12.745
2015-08-26 2.360 12.941
2015-05-27 2.360 10.648
2015-02-25 2.210 9.396
2014-11-26 2.160 10.290
2014-08-27 2.160 8.681
2014-02-12 2.160 8.075
2013-11-27 2.160 7.767
2013-08-28 2.160 7.374
2013-05-29 2.160 7.552
2013-02-27 2.160 7.649
2012-08-29 2.080 8.032
2012-05-30 2.000 8.862
2012-02-28 1.880 9.548
2011-11-02 1.880 10.114
2011-08-31 1.760 10.980
2011-05-31 1.760 9.691
2011-02-23 1.680 9.189
2010-12-01 1.680 8.702
2010-08-25 1.640 9.940
2010-06-01 1.640 11.282
2010-03-11 1.640 11.316
2009-12-01 1.640 13.161
2009-09-23 1.640 13.304
2009-06-18 1.600 14.549

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Barings BDC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Barings BDC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Barings BDC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Barings BDC has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

A2JRMB Management

 What is the CEO of Barings BDC's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eric Lloyd
AGE 50
TENURE AS CEO 1.6 years
CEO Bio

Mr. Eric J. Lloyd has been Chief Executive Officer and Director of Barings BDC, Inc. since August 2, 2018 and also served as its President. Mr. Lloyd serves as the Head of Global Private Finance at Barings LLC. Mr. Lloyd has worked in the industry since 1990 and his experience has encompassed investment banking, leveraged finance, and risk management. He is responsible for managing all aspects of the Barings LLC’s global private finance enterprise and participating on all of his group’s Investment Committees. Prior to joining the firm in 2013, he served as Head of Market and Institutional Risk for Wells Fargo, and was a member of the Board of Directors of Wells Fargo Securities. Mr. Lloyd served as the Chief Market & Institutional Risk Officer of Wells Fargo & Company since April 2012. Mr. Lloyd was responsible for risk management activities of the business, including market risk. Mr. Lloyd served as Head of Wachovia Securities' loan syndications group. Prior to the acquisition of Wachovia, he worked in Wachovia's Global Markets Investment Banking (GMIB) division. Prior to overseeing all capital deployment and allocation, Mr. Lloyd served as Head of Wachovia's Leveraged Finance group during its period of strong growth. He was responsible for the origination, structure, due diligence, execution and distribution and trading of Wachovia's core leveraged credit products. He served as a Member of the Board of Directors of Wells Fargo Securities LLC. Mr. Lloyd holds a B.S. in Finance from the University of Virginia, McIntire School of Commerce.

CEO Compensation
  • Insufficient data for Eric to compare compensation growth.
  • Insufficient data for Eric to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Barings BDC management team in years:

1.6
Average Tenure
50
Average Age
  • The average tenure for the Barings BDC management team is less than 2 years, this suggests a new team.
Management Team

Eric Lloyd

TITLE
CEO & Director
AGE
50
TENURE
1.6 yrs

Ian Fowler

TITLE
President
AGE
55
TENURE
1.6 yrs

Jonathan Bock

TITLE
Chief Financial Officer
TENURE
1.6 yrs

Elizabeth Murray

TITLE
Principal Accounting Officer & Controller
AGE
41
TENURE
0.2 yrs

Janice Bishop

TITLE
Secretary & Chief Legal Officer
AGE
54

Michael Cowart

TITLE
Chief Compliance Officer
AGE
36

Chris Cary

TITLE
Treasurer
Board of Directors Tenure

Average tenure and age of the Barings BDC board of directors in years:

1.6
Average Tenure
55
Average Age
  • The average tenure for the Barings BDC board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michael Freno

TITLE
Chairman of the Board
AGE
43
TENURE
1.6 yrs

Eric Lloyd

TITLE
CEO & Director
AGE
50
TENURE
1.6 yrs

Thomas Okel

TITLE
Lead Independent Director
COMPENSATION
$120K
AGE
56

Jill Olmstead

TITLE
Independent Director
COMPENSATION
$120K
AGE
55
TENURE
1.6 yrs

John Switzer

TITLE
Independent Director
COMPENSATION
$120K
AGE
62
TENURE
1.6 yrs

Mark Mulhern

TITLE
Independent Director
COMPENSATION
$122K
AGE
59
TENURE
3.4 yrs

Tom Finke

TITLE
Interested Director
AGE
55
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Barings BDC individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Mar 20 Buy Michael Freno Individual 13. Mar 20 13. Mar 20 2,750 €7.34 €20,191
17. Mar 20 Buy Eric Lloyd Individual 12. Mar 20 12. Mar 20 13,480 €7.43 €100,147
13. Mar 20 Buy Christopher Cary Individual 12. Mar 20 12. Mar 20 1,000 €7.23 €7,225
13. Mar 20 Buy Jonathan Bock Individual 12. Mar 20 12. Mar 20 5,875 €7.52 €44,172
21. Nov 19 Buy Thomas Finke Individual 20. Nov 19 20. Nov 19 8,000 €9.31 €74,465
28. Aug 19 Buy John Switzer Individual 28. Aug 19 28. Aug 19 3,000 €8.91 €26,741
02. Apr 19 Buy Jonathan Landsberg Individual 29. Mar 19 29. Mar 19 3,040 €8.87 €26,883
X
Management checks
We assess Barings BDC's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Barings BDC has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

A2JRMB News

Simply Wall St News

A2JRMB Company Info

Description

Barings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Barings BDC seeks to invest primarily in senior secured loans to private U.S. middle-market companies that operate across a wide range of industries. Barings BDC's investment activities are managed by its investment adviser, Barings LLC, a leading global asset manager based in Charlotte, NC with over $335 billion of AUM firm-wide. For more information, visit www.baringsbdc.com.

Details
Name: Barings BDC, Inc.
A2JRMB
Exchange: DB
Founded: 2006
$330,673,981
48,950,803
Website: http://www.baringsbdc.com
Address: Barings BDC, Inc.
300 South Tryon Street,
Suite 2500,
Charlotte,
North Carolina, 28202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BBDC Common Stock New York Stock Exchange US USD 15. Feb 2007
DB A2JRMB Common Stock Deutsche Boerse AG DE EUR 15. Feb 2007
Number of employees
Current staff
Staff numbers
0
Barings BDC employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 22:30
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.