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Investcorp Credit Management BDC, Inc. Registered (ICMB)
NASDAQ:ICMB
RESEARCH TOOLSreports
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Investcorp Credit Management BDC
(NASDAQ:ICMB)
Rating:69Neutral
Price Target:―
Investcorp Credit Management BDC (ICMB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
N/A
Dividend Yield16.96%
Average Volume (3M)51.91K
Price to Earnings (P/E)21.5
Beta (1Y)0.37
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2
SectorFinancial
Sector Strength83
IndustryAsset Management
Share Statistics
EPS (TTM)0.04
Shares Outstanding14,414,033
10 Day Avg. Volume49,930
30 Day Avg. Volume51,912
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)0.55
Price to Sales (P/S)0.00
P/FCF Ratio4.63
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.39
Enterprise Value/Gross Profit12.24
Enterprise Value/Ebitda-6.12
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Investcorp Credit Management BDC Business Overview & Revenue Model
Company DescriptionInvestcorp Credit Management BDC (ICMB) is a business development company that primarily focuses on providing debt and equity capital to middle-market companies. Operating within the financial services sector, ICMB specializes in structuring and managing investment portfolios aimed at generating income and capital appreciation for its investors.
How the Company Makes MoneyInvestcorp 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.65
Positive
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.75
Positive
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.70
Positive
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 15.86M | 860.68K | 7.47M | 71.11K | 3.18M | 34.46M | Gross Profit |
| 8.65M | 860.68K | 2.00M | -5.28M | -2.90M | -40.23M | EBIT |
| 1.73M | 16.11M | 3.53M | -4.29M | -2.04M | -24.51M | EBITDA |
| -2.48M | 0.00 | -205.94K | -6.85M | 11.32M | 26.83M | Net Income Common Stockholders |
| 4.69M | -4.09M | 3.23M | 2.59M | -2.31M | -24.66M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 14.66M | 158.77K | 1.09M | 2.55M | 5.85M | 14.88M | Total Assets |
| 224.31M | 192.24M | 231.81M | 246.39M | 267.68M | 296.79M | Total Debt |
| 133.88M | 106.22M | 135.48M | 146.82M | 165.43M | 182.33M | Net Debt |
| 119.21M | 106.06M | 134.39M | 144.27M | 159.58M | 167.46M | Total Liabilities |
| 145.47M | 117.23M | 144.11M | 152.88M | 171.33M | 188.67M | Stockholders Equity |
| 78.84M | 75.01M | 87.70M | 93.51M | 96.36M | 108.12M |
| Cash Flow | Free Cash Flow | ||||
| 9.35M | 37.06M | 20.71M | 21.21M | 20.21M | -10.55M | Operating Cash Flow |
| 9.35M | 37.06M | 20.71M | 21.21M | 20.21M | -10.55M | Investing Cash Flow |
| -395.00 | 29.78M | 10.66M | 9.13M | 19.09M | 3.79M | Financing Cash Flow |
| -9.25M | -41.10M | -20.71M | -24.66M | -27.90M | 4.55M |
Investcorp Credit Management BDC Technical Analysis
Positive
2.83
Price Trends
2.78
Positive
2.84
Negative
2.80
Positive
Market Momentum
0.04
Negative
52.82
Neutral
38.55
Neutral
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 2.83 is above the 20-day moving average (MA) of 2.77, above the 50-day MA of 2.78, and above the 200-day MA of 2.80, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 52.82 is Neutral, neither overbought nor oversold. The STOCH value of 38.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ICMB.
Investcorp Credit Management BDC Risk Analysis
Investcorp Credit Management BDC disclosed 80 risk factors in its most recent earnings report. Investcorp Credit Management BDC reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Investcorp Credit Management BDC Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $232.08M | 11.76 | 8.67% | 11.60% | ― | ― | |
69 Neutral | 21.54 | -0.25% | 16.96% | ― | ― | ||
64 Neutral | $379.07M | 9.33 | 10.83% | 11.99% | 17.67% | 128.48% | |
64 Neutral | $12.64B | 9.78 | 7.67% | 17015.08% | 12.23% | -6.02% | |
59 Neutral | $269.96M | 7.25 | 10.68% | 19.37% | 22.53% | ― | |
45 Neutral | $150.26M | ― | -9.96% | ― | 90.08% | -893.47% | |
41 Neutral | $39.02M | ― | -11.19% | ― | -13.79% | 62.04% |
* Financial Sector Average
Performance Comparison
ICMB
Investcorp Credit Management BDC
2.83
0.06
2.17%
SSSS
SuRo Capital
6.38
2.21
53.00%
SCM
Stellus Capital
13.34
0.95
7.67%
TPVG
TriplePoint Venture Growth
6.71
-1.27
-15.91%
BCG
Binah Capital Group
2.35
-4.28
-64.56%
LIEN
Chicago Atlantic BDC
10.17
-0.08
-0.78%
Investcorp Credit Management BDC Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q3-2025)
| % Change Since: 5.60%|
Next Earnings Date:Sep 16, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a balanced view of positive aspects, such as increased NAV and reduced nonaccrual investments, against challenges like reduced net investment income per share and market uncertainties impacting investment activity. The proactive steps in managing portfolio risk and successful realizations were notable, though offset by some negative realizations and concerns over expense allocations.Q3-2025 Updates
Positive Updates
Increase in Net Asset Value
Net asset value per share increased by $0.03 to $5.42 compared to $5.39 as of December 31, 2024.
Reduction in Nonaccrual Investments
The number of nonaccrual investments reduced from 5 to 2, representing 1.7% of the total portfolio at fair value, down from 3.6% in the previous quarter.
New Investments and Realizations
Invested in 1 new portfolio company and 2 existing ones with total fundings of $5.1 million at a weighted average yield of 10.2%. Realized 3 investments with proceeds of $7.3 million and IRR of 9.6%.
Increase in Portfolio Fair Value
The fair value of the portfolio increased to $192.4 million from $191.6 million in the previous quarter.
Dividend Distribution
A distribution of $0.12 per share was declared for the quarter ended June 30, 2025, payable on June 14, 2025.
Negative Updates
Decline in Net Investment Income per Share
Net investment income before taxes was $0.7 million or $0.05 per share, down from $0.06 per share in the prior quarter.
Impact of Market Uncertainty on Investment Activity
Reduced investment activity due to heightened uncertainty, reduced M&A, and financing activity.
Negative Realized IRR on American Teleconferencing
The realized IRR on the revolver position in American Teleconferencing (PGi) was negative 36.2%.
High Expense Allocation from Adviser
Shareholders bear about $0.10 a year due to adviser expenses, impacting cash flow positivity.
Company Guidance
During the earnings call for the quarter ended March 31, 2025, Investcorp Credit Management BDC provided guidance on various financial metrics and strategic initiatives. The company reported a net investment income before taxes of $0.7 million or $0.05 per share, a slight decrease from the previous quarter's $0.06 per share. The net asset value (NAV) per share increased by $0.03 to $5.42, primarily due to unrealized gains, despite a decline in net investment income due to reduced investment activity and ongoing repayments. The company significantly reduced its nonaccrual investments to 1.7% of the total portfolio's fair value, down from 3.6% in the previous quarter. The weighted average yield on new debt investments was approximately 10.2%, and the overall portfolio yield increased to 10.8% from 10.4% in the prior quarter. As of March 31, 2025, the fair value of the portfolio stood at $192.4 million, with net assets increasing to $78.1 million. The company also announced a quarterly distribution of $0.12 per share, maintaining a focus on NAV stability and selective capital deployment amid broader market uncertainties.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.