Business Development Corp Of America
Franklin BSP Lending Corporation is acquired by Franklin BSP Capital Corporation. Franklin BSP Lending Corporation specializing in investing in middle market companies, leverage buyouts, acquisitions, recapitalizations, growth opportunities, venture debt, CLO equity, delayed draw term loans, rescue financing, distressed or turnaround situations, and bridge loans and financing. It invests in the d… Read more
Business Development Corp Of America (BDVC) - Net Assets
Latest net assets as of September 2023: $1.69 Billion USD
Based on the latest financial reports, Business Development Corp Of America (BDVC) has net assets worth $1.69 Billion USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.96 Billion) and total liabilities ($1.27 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.69 Billion |
| % of Total Assets | 57.21% |
| Annual Growth Rate | 62.09% |
| 5-Year Change | 11.57% |
| 10-Year Change | 165.24% |
| Growth Volatility | 461.26 |
Business Development Corp Of America - Net Assets Trend (2011–2022)
This chart illustrates how Business Development Corp Of America's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Business Development Corp Of America (2011–2022)
The table below shows the annual net assets of Business Development Corp Of America from 2011 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $1.67 Billion | +10.33% |
| 2021-12-31 | $1.51 Billion | +7.84% |
| 2020-12-31 | $1.40 Billion | -4.30% |
| 2019-12-31 | $1.46 Billion | -2.01% |
| 2018-12-31 | $1.49 Billion | -0.12% |
| 2017-12-31 | $1.49 Billion | -2.30% |
| 2016-12-31 | $1.53 Billion | -5.01% |
| 2015-12-31 | $1.61 Billion | +4.89% |
| 2014-12-31 | $1.54 Billion | +144.53% |
| 2013-12-31 | $627.90 Million | +346.32% |
| 2012-12-31 | $140.69 Million | +1614.21% |
| 2011-12-31 | $8.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Business Development Corp Of America's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 45900700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $229.00K | 0.01% |
| Other Comprehensive Income | $-459.04 Million | -27.56% |
| Other Components | $2.58 Billion | 155.11% |
| Total Equity | $1.67 Billion | 100.00% |
Business Development Corp Of America Competitors by Market Cap
The table below lists competitors of Business Development Corp Of America ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silver Spruce Resources Inc
PINK:SSEBF
|
$92.67K |
|
7610
TW:7610
|
$92.71K |
|
JP SM.CAP.FD DL-10
F:JSM
|
$92.73K |
|
Cambridge Acquisition Corp. Unit
NASDAQ:CAQUU
|
$92.75K |
|
Brpr Corporate Offices Fundo De Investimento Imobiliario
SA:BROF11
|
$92.56K |
|
Gabelli Healthcare & WellnessRx Trust
NYSE:GRX
|
$92.50K |
|
Cranstown Capital Corp
V:CRAN-P
|
$92.49K |
|
Abacus Global Management, Inc.
NASDAQ:ABX
|
$92.43K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Business Development Corp Of America's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,509,492,000 to 1,665,457,000, a change of 155,965,000 (10.3%).
- Net income of 81,982,000 contributed positively to equity growth.
- Dividend payments of 96,848,000 reduced retained earnings.
- Share repurchases of 23,571,000 reduced equity.
- New share issuances of 198,441,000 increased equity.
- Other comprehensive income decreased equity by 54,961,000.
- Other factors increased equity by 50,922,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $81.98 Million | +4.92% |
| Dividends Paid | $96.85 Million | -5.82% |
| Share Repurchases | $23.57 Million | -1.42% |
| Share Issuances | $198.44 Million | +11.92% |
| Other Comprehensive Income | $-54.96 Million | -3.3% |
| Other Changes | $50.92 Million | +3.06% |
| Total Change | $- | 10.33% |
Book Value vs Market Value Analysis
This analysis compares Business Development Corp Of America's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 223.82x to 1.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $0.05 | $10.22 | x |
| 2012-12-31 | $0.78 | $10.22 | x |
| 2013-12-31 | $3.49 | $10.22 | x |
| 2014-12-31 | $12.56 | $10.22 | x |
| 2015-12-31 | $9.33 | $10.22 | x |
| 2016-12-31 | $8.47 | $10.22 | x |
| 2017-12-31 | $8.33 | $10.22 | x |
| 2018-12-31 | $8.23 | $10.22 | x |
| 2019-12-31 | $7.70 | $10.22 | x |
| 2020-12-31 | $7.09 | $10.22 | x |
| 2021-12-31 | $7.54 | $10.22 | x |
| 2022-12-31 | $7.85 | $10.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Business Development Corp Of America utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 82.62%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.79x
- Recent ROE (4.92%) is above the historical average (4.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 1.67% | 268.63% | 0.00x | 1.98x | $-683.70K |
| 2012 | 6.75% | 110.12% | 0.05x | 1.33x | $-4.57 Million |
| 2013 | 6.81% | 98.44% | 0.05x | 1.34x | $-20.05 Million |
| 2014 | 5.19% | 89.49% | 0.04x | 1.43x | $-73.84 Million |
| 2015 | 0.50% | 40.95% | 0.01x | 1.56x | $-152.58 Million |
| 2016 | 6.18% | 86.28% | 0.04x | 1.71x | $-58.29 Million |
| 2017 | 5.26% | 83.80% | 0.04x | 1.78x | $-70.78 Million |
| 2018 | 1.90% | 61.49% | 0.02x | 1.65x | $-120.66 Million |
| 2019 | 6.32% | 84.42% | 0.04x | 1.81x | $-53.80 Million |
| 2020 | -2.56% | 0.00% | -0.01x | 1.96x | $-175.78 Million |
| 2021 | 13.66% | 93.46% | 0.08x | 1.92x | $55.23 Million |
| 2022 | 4.92% | 82.62% | 0.03x | 1.79x | $-84.56 Million |
Industry Comparison
This section compares Business Development Corp Of America's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Business Development Corp Of America (BDVC) | $1.69 Billion | 1.67% | 0.75x | $92.61K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |