Investcorp Credit Management BDC (ICMB) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 19.05%
• Average Volume (3M): 43.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: 29.71%
• EPS Growth: -1786.79%
• Country: US
• Employees: 2
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.03
• Shares Outstanding: 14,419,762
• 10 Day Avg. Volume: 28,162
• 30 Day Avg. Volume: 43,783
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $2.50 ▼(-9.42% Downside)

The score is held back primarily by negative TTM operating/free cash flow and a slightly declining top line, despite positive net income and only moderate recent leverage. Technicals show weak momentum (RSI < 50 and slightly negative MACD). A very high dividend yield provides support, while the negative P/E and limited impact from the governance event temper the outlook.

Positive Factors

Strong Financial Recovery

The transition from a net loss to profitability and strong margins indicate a solid financial recovery, enhancing long-term business stability.

Zero Debt Balance Sheet

A zero debt balance sheet provides financial flexibility and reduces risk, supporting sustainable growth and resilience against economic downturns.

Improvement in Credit Quality

Improved credit quality reduces the risk of defaults, enhancing the reliability of income streams and supporting long-term financial health.

Negative Factors

Volatility in Revenues

Revenue volatility and inconsistent EBITDA can lead to unpredictable cash flows, challenging long-term planning and investment strategies.

Decreased Net Investment Income

A decrease in net investment income suggests reduced profitability from core operations, potentially impacting future earnings and dividend sustainability.

Increased Leverage

Increased leverage can heighten financial risk, limiting flexibility and increasing vulnerability to interest rate changes or economic downturns.

Investcorp Credit Management BDC Business Overview & Revenue Model

Company Description

Investcorp Credit Management BDC, Inc. is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments, in most cases taking such upside participation interests as part of a broader investment relationship. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions. The fund primarily invests in cable and satellites; consumer services; healthcare equipment and services; industrials; information technology; telecommunication services; and utilities sectors. The fund seeks to invest between $5 million to $25 million in companies that have annual revenues of at least $50 million with EBITDA at least $15 million.

How the Company Makes Money

Investcorp Credit Management BDC makes money primarily through interest income and capital gains. The company extends loans to middle-market businesses, earning interest on these financial products. Additionally, ICMB may invest in equity, which can lead to capital gains if the value of these investments appreciates. The company also benefits from management fees associated with overseeing and managing its investment portfolio. Partnerships with other financial institutions and strategic investors can further enhance its revenue-generating capabilities.

Investcorp Credit Management BDC Financial Statement Overview

Summary

Investcorp Credit Management BDC exhibits a promising financial recovery, particularly in the recent TTM period. Key strengths include a shift from a net loss to a profit, robust gross profit and EBIT margins, and a zero debt balance sheet, which indicates financial stability. However, volatility in revenues and cash flow activities presents potential risks.

Income Statement

The company has shown a significant improvement in net income from a loss to a profit in the TTM, indicating strong recovery. The gross profit margin and EBIT margins are robust, with a noticeable increase in revenue from the previous year. However, the volatility in annual revenues and inconsistent EBITDA results over the years indicate potential instability in income generation.

Balance Sheet

The company's balance sheet is strong, with zero total debt in the TTM, leading to a healthy debt-to-equity ratio. The equity ratio is moderate, indicating a balanced approach to leveraging assets. Despite fluctuations in stockholders' equity over the years, the overall financial stability is maintained.

Cash Flow

Operating cash flow has been positive, with a substantial free cash flow in the TTM. The free cash flow to net income ratio is strong, indicating efficient cash flow management. However, variations in investing and financing cash flows suggest potential volatility in financing strategies and investment activities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	17.35M	23.25M	23.25M	26.68M	24.43M	26.69M
Gross Profit	13.46M	23.25M	23.25M	26.68M	24.43M	26.69M
EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	1.85M	12.08M	12.08M	3.23M	2.59M	-2.31M
Balance Sheet
Total Assets	210.64M	206.85M	206.85M	231.81M	246.39M	267.68M
Cash, Cash Equivalents and Short-Term Investments	11.63M	771.48K	771.48K	1.09M	2.55M	5.85M
Total Debt	127.56M	122.04M	122.04M	135.48M	146.82M	165.43M
Total Liabilities	137.93M	129.25M	129.25M	144.11M	152.88M	171.33M
Stockholders Equity	72.70M	77.60M	77.60M	87.70M	93.51M	96.36M
Cash Flow
Free Cash Flow	-6.63M	-13.52M	7.28M	20.71M	21.21M	20.21M
Operating Cash Flow	-6.63M	-13.52M	7.28M	20.71M	21.21M	20.21M
Investing Cash Flow	-5.58M	0.00	29.78M	10.66M	9.13M	19.09M
Financing Cash Flow	17.85M	27.52M	-41.10M	-20.71M	-24.66M	-27.90M

Investcorp Credit Management BDC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ICMB, the sentiment is Positive. The current price of 2.76 is above the 20-day moving average (MA) of 2.76, above the 50-day MA of 2.75, and above the 200-day MA of 2.62, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 64.34 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ICMB.

Investcorp Credit Management BDC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEWT	71 Outperform	$421.47M	6.57	17.74%	6.55%	6.38%	25.69%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PNNT	57 Neutral	$403.53M	12.33	6.83%	16.61%	-3.09%	200.66%
MRCC	55 Neutral	$143.86M	-34.69	-2.25%	14.03%	-34.92%	-132.22%
PSBD	55 Neutral	$387.82M	28.36	2.72%	14.10%	-2.38%	-75.49%
OFS	54 Neutral	$67.93M	21.03	2.25%	25.87%	-14.76%	―
ICMB	50 Neutral	―	-28.70	2.88%	19.05%	29.71%	-1786.79%

Investcorp Credit Management BDC Corporate Events

Investcorp Credit Management BDC Reelects Director at Annual Meeting

On December 18, 2025, Investcorp Credit Management BDC, Inc. held its Annual Meeting of Stockholders, at which one proposal was submitted to shareholders for a vote. Out of 14,419,762 eligible common shares as of the October 15, 2025 record date, 8,091,818 shares were represented in person or by proxy, and stockholders elected Michael C. Mauer to the board of directors for a three-year term expiring in 2028, with 7,322,124 votes cast in favor and 769,694 votes withheld, reinforcing continuity in the company’s board leadership and corporate governance.