Kayne Anderson BDC stock
KBDCNYSEKayne Anderson BDC, Inc., Financial ServicesISIN US48662X1054
67Score 67 out of 100, Neutral
We are checking this figure against the original source: debt.
Price and trend
63 / 100
Price history
−12% in one yearThe chart shows daily closes over 2 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 6.2% below it.
Since July 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 52).
The price is 18% below its 52-week high. Largest decline in 2 years: 31% (February 2025 to October 2026).
Chart figures for advanced users
- SMA 50$12.83
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$13.72
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)52
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$12.28
- The lowest closing price of the last twelve months.
- Resistance$15.71
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Kayne Anderson BDC, Inc. belongs to the Asset Management industry (United States) and, with a market value of $846.9M, is number 94 of 131 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $159.46M (up 28.8% year on year) and earnings of $93.71M (down 29%).
- MEQIRI Score 67 out of 100 (Neutral): rank 542 of 976 in Financial Services, median 68.
Show more
- The P/E is 11.5 (Asset Management median 14, own median of recent years 9.4).
- Our model puts fair value at $15.07, with the price 14% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 59.6% a year since 2021, Asset Management median 10.5%.Growth 100
- Earnings per share growingUp 40.6% a year since 2021.Growth 100
Weaknesses
- Dividend not coveredPayouts over the last 12 months were 141% of earnings.Capital allocation 50
- Dividend at riskDividend yield 12.3%. At yields this high (12 to 15%), the dividend was cut by at least a fifth within a year in 44 of 100 cases from 2011 to 2025, against 7 of 100 at 2 to 4%.Capital allocation 50
Its standout strengths are growth and stability, while momentum and profitability hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among smaller stocks.
From 2016 to 2025, 14 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high growth grade (crashed more often in the backtest)
What lowers it
- calm price action
Valuation
Valuation signal
Modestly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $12.56 and expensive above $18.84 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $14.41 (excess return model) and $15.73 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $13.87, at 7.8% it would be $16.87.
Valuation metrics
Half from the excess return model, half from earnings times the industry P/E (14).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 36% on the twelve months before. Revenue has grown strongly since 2021, at around 60% per year.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 108%, net 59%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 1 Mar 2027in 109 days
- Last reported
- 5 Nov 2026EPS reported $0.46 (expected $0.39)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $1.63+0.1%
- Revenue
- $228.14M0.0%
- Earnings per share
- $1.59+0.9%
- Revenue
- $233.77M0.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −2.6%No guidance: no significant change in leverage is expected in the third quarter, with some delayed realizations expected to follow.
“The increase in leverage during the second quarter was largely a result of expected realizations being delayed rather than a deliberate move higher.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 11 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
One insider bought on the open market in the last 6 months, $10M in total.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Kayne Anderson BDC
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
976 rated companies in Financial Services
- This company
- 67
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Asset Management
The next larger and next smaller companies by market value
- Goldman Sachs BDCGSBD $943.92M44
- Barings BDCBBDC $918.28M66
- GCM GrosvenorGCMG $867.99M71
- Virtus Investment PartnersVRTS $860.62M65
- MidCap Financial InvestmentMFIC $847.61M43
- Prospect CapitalPSEC $835.48M31
- Mutares SE & Co. KGaAMUX.DE $823.8M55
- Burford CapitalBUR $801.52M38
ETFs that hold Kayne Anderson BDC
Held by 2 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Listed Private Equity UCITS ETFIQQL | 0.29% | 0.75% | €683.78M |
| Invesco Global Buyback Achievers UCITS ETFBBCK | 0.01% | 0.39% | €188.08M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 24 Oct 2026)
- Valuation signal Fairly valued since 10 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.