Equity Analysis /
United States of America

US : Financial Services - Others - Business Development Companies | Business Development Company Weekly

    Matthew Tjaden
    Matthew Tjaden

    Research Associate

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    CGS-CIMB
    19 January 2021
    Published byCGS-CIMB

    BDC Valuations: The BDC group average P / NAV currently sits at 0.90x, as compared to 0.89x the previous week and 0.92x over the past five years. A P/NAV at this level has historically led to an average one-year absolute forward total return of 9.1%, with 79.3% of such instances showing positive re