Kayne Anderson BDC, Inc. (KBDC) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 13.28%
• Average Volume (3M): 370.64K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 0.31
• Revenue Growth: 22.72%
• EPS Growth: -28.92%
• Country: US
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.43
• Shares Outstanding: 68,395,750
• 10 Day Avg. Volume: 318,986
• 30 Day Avg. Volume: 370,637
• PEG Ratio: 0.11
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 4.94
• P/FCF Ratio: -1.94
• Enterprise Value/Market Cap: 10.00T>
• Enterprise Value/Revenue: 0.03
• Enterprise Value/Gross Profit: 15.63
• Enterprise Value/Ebitda: 1.84
• 1Y Price Target: $15.70
• Price Target Upside: 6.08% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 1.62
• Revenue Forecast (FY): $211.91M

• Rating: 71 Outperform
• Price Target: $16.00 ▲(8.11% Upside)

Kayne Anderson BDC, Inc. benefits from strong valuation metrics and positive earnings call highlights, including robust investment income growth and strategic repositioning. However, financial performance concerns, particularly negative cash flows, and technical analysis indicating potential resistance, moderate the overall score.

Positive Factors

Strong Portfolio Growth

The significant increase in new investments indicates robust deal flow and expansion in the core middle market, supporting long-term revenue growth.

Management Quality

Leadership changes with experienced executives can enhance strategic direction and execution, supporting sustainable growth and shareholder returns.

High Dividend Coverage

Strong dividend coverage reflects the company's ability to generate sufficient income to support shareholder returns, indicating financial health.

Negative Factors

Negative Cash Flows

Negative cash flows pose liquidity risks and challenge the company's ability to sustain operations and invest in growth without external financing.

Revenue Volatility

Revenue volatility can impact predictability and stability of earnings, potentially affecting long-term planning and investment strategies.

Net Asset Value Decline

A decline in NAV suggests potential challenges in asset valuation and portfolio performance, which may affect investor confidence and market perception.

Kayne Anderson BDC, Inc. Business Overview & Revenue Model

Company Description

Kayne Anderson BDC, Inc invests in middle market companies located in the United States with an EBITDA of USD 10 - 150 million. The fund focuses on a broad range of sectors and industries. It provides financing in the form of senior secured loans and split-lien loans to buyout transactions.

How the Company Makes Money

KBDC generates revenue primarily through interest income from its debt investments and dividend income from its equity investments in portfolio companies. The company typically invests in secured and unsecured debt, including senior loans, subordinated debt, and preferred equity. Additionally, KBDC may earn fees from advisory services or transactional activities related to its investments. Key revenue streams include interest payments from borrowers, capital gains from the sale of investments, and management fees from overseeing the capital allocation. The company’s partnerships with private equity firms and financial institutions also enhance its investment opportunities and access to potential revenue-generating deals.

Kayne Anderson BDC, Inc. Financial Statement Overview

Summary

Kayne Anderson BDC, Inc. shows strong equity and low leverage with improving net margins. However, revenue volatility and negative cash flows in 2024 pose liquidity risks. The company needs to address operational cash flow challenges to sustain financial health.

Income Statement

Kayne Anderson BDC, Inc. has shown volatile revenue trends over the years, with a decline from 2023 to 2024. The gross profit margin remains high as total revenue equals gross profit, signifying efficient cost management. However, the net profit margin improved significantly in 2024, indicating better profitability despite negative EBIT, highlighting potential restructuring or non-operational income impacts.

Balance Sheet

The company maintains a strong equity position with zero debt in 2024, resulting in a healthy debt-to-equity ratio. The return on equity is positive, showcasing effective equity utilization, although it decreased compared to the previous year. The equity ratio remains strong, indicating financial stability and low leverage risk.

Cash Flow

There is a concerning decline in operating and free cash flows in 2024, turning negative despite positive financing activities. The operating cash flow to net income ratio is negative, suggesting challenges in converting income to cash. The free cash flow to net income ratio is also negative, indicating potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	61.54B	213.68M	150.32M	74.91M	19.09M
Gross Profit	130.05M	196.46M	129.45M	50.40M	16.93M
EBITDA	1.11B	132.66M	129.39M	66.06M	26.74M
Net Income	88.52M	131.94M	77.08M	45.77M	22.29M
Balance Sheet
Total Assets	2.34T	2.08B	1.42B	1.19B	586.46M
Cash, Cash Equivalents and Short-Term Investments	16.36B	22.38M	46.87M	18.37M	5.71M
Total Debt	0.00	848.13M	689.32M	571.59M	266.33M
Total Liabilities	1.20T	896.32M	740.61M	602.35M	274.50M
Stockholders Equity	1.14T	1.19B	683.06M	592.04M	311.97M
Cash Flow
Free Cash Flow	-305.85B	-544.50M	79.85M	46.11M	9.47M
Operating Cash Flow	-305.85B	-544.50M	79.85M	46.11M	9.47M
Investing Cash Flow	-232.36B	-649.53M	-189.91M	-587.88M	-568.61M
Financing Cash Flow	172.56B	532.81M	135.60M	548.26M	561.16M

Kayne Anderson BDC, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KBDC, the sentiment is Positive. The current price of 14.8 is above the 20-day moving average (MA) of 14.35, above the 50-day MA of 14.03, and below the 200-day MA of 14.83, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 65.34 is Neutral, neither overbought nor oversold. The STOCH value of 72.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KBDC.

Kayne Anderson BDC, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARCC	78 Outperform	$14.46B	10.15	10.06%	9.33%	10.34%	-24.16%
KBDC	71 Outperform	―	9.79	9.22%	13.28%	22.72%	-28.92%
GBDC	71 Outperform	$3.69B	9.79	9.33%	11.91%	32.19%	-13.72%
GSBD	71 Outperform	$1.11B	8.50	8.75%	16.85%	-16.58%	65.24%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
NMFC	65 Neutral	$972.76M	14.45	5.43%	13.40%	36.15%	-38.59%
TCPC	58 Neutral	$491.23M	―	-1.15%	22.98%	-91.81%	78.46%

Kayne Anderson BDC, Inc. Corporate Events

Kayne Anderson BDC Appoints New President and VP

On November 10, 2025, Kayne Anderson BDC, Inc. announced the appointment of Frank P. Karl as President and Andy Wedderburn-Maxwell as Senior Vice President, highlighting their extensive experience in investment banking and asset management. Additionally, the company declared a fourth-quarter 2025 dividend of $0.40 per share, payable on January 16, 2026, and reported strong financial results for the quarter ended September 30, 2025, with net investment income of $30 million and a net funded private credit and equity investment increase of $200.1 million. Despite market volatility, the company remains defensively positioned with a high-quality earnings mix and a strong portfolio performance.

The most recent analyst rating on (KBDC) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Kayne Anderson BDC, Inc. stock, see the KBDC Stock Forecast page.

Kayne Anderson BDC to Announce Q3 Results Soon

On October 10, 2025, Kayne Anderson BDC, Inc. announced that it will release its third-quarter financial results on November 10, 2025, after market close, followed by an earnings conference call on November 11, 2025. This announcement is significant for stakeholders as it provides an opportunity to assess the company’s financial performance and strategic direction.

The most recent analyst rating on (KBDC) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Kayne Anderson BDC, Inc. stock, see the KBDC Stock Forecast page.

Kayne Anderson BDC Closes $200M Private Placement

On September 9, 2025, Kayne Anderson BDC, Inc. announced the successful closing of a $200 million private placement offering of senior unsecured notes, comprising Series C, D, and E Notes. The proceeds, expected to be funded on October 15, 2025, will be used to refinance existing debt and for general corporate purposes. The company also entered into interest rate swaps for Series D and E Notes to align interest rates with its predominantly floating rate loan portfolio, designating these swaps as hedging instruments in a qualifying hedge accounting relationship.

The most recent analyst rating on (KBDC) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Kayne Anderson BDC, Inc. stock, see the KBDC Stock Forecast page.

Kayne Anderson BDC’s Resilient Earnings Call Highlights

Kayne Anderson BDC, Inc. recently held its earnings call, reflecting a stable financial performance amidst challenging market conditions. The company highlighted significant investments and strong portfolio performance, though it faced minor setbacks such as a decrease in NAV and some unrealized losses.

Kayne Anderson BDC Announces $200M Private Placement

On August 22, 2025, Kayne Anderson BDC, Inc. announced a conditional agreement with institutional investors for a private placement of $200 million in senior unsecured notes, expected to close around September 9, 2025. The proceeds will be used to refinance existing debt and for general corporate purposes. The company has entered into interest rate swaps to align the interest rates of its liabilities with its predominantly floating rate loan investment portfolio, designating each swap as a hedging instrument in a qualifying hedge accounting relationship.

The most recent analyst rating on (KBDC) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Kayne Anderson BDC, Inc. stock, see the KBDC Stock Forecast page.