Carlyle Secured Lending, Inc.

CGBD

Carlyle Secured Lending, Inc., a Maryland corporation, is a specialty finance company that is a closed-end, externally managed, non-diversified management investment company. We have elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the Investment Company Act or the 1940 Act ).

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$760M

EPS$0.50

P/E22.08

P/FCF–

EV/EBITDA–

FCF Yield–

Div. Yield15.16%

Net Debt/FCF–

Carlyle Secured Lending, Inc. intrinsic value

52-Week Range

$9.99$13.13

Profitability & Returns

TTM as of 2026-06 · YoY vs prior year · ROIC = NOPAT / invested capital

Revenue

N/A

Net Income (TTM)

$37M

▼ -21.4% YoY

Op. Margin

–

ROIC

–

Cash Flow & Balance Sheet

FCF = operating cash flow + capex · Net debt = total debt − cash · Balance sheet from latest filing

FCF

N/A

Op. Cash Flow (TTM)

$167M

▼ -296.2% YoY

Net Debt

$1.24B

Cash & Equiv.

$49M

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Quality Scorecard

Is this a high-quality business?

Dividends

Payout safety and growth

Intrinsic Value

What is it worth?

Financials

Full income, cash flow, balance sheet

Held by ETFs

CGBD is in 5 US ETFs. The largest of them, with CGBD's weight in each:

Carlyle Secured Lending (CGBD) in three numbers

Fair value (earnings): $24.63; Price $11.04 is 55% below it.; Intrinsic Value
Dividend (TTM): $1.60; 15.16% yield, not raised in the latest year.; Dividends
P/E: 22.08; From the last twelve months of earnings.; Financials

Questions about Carlyle Secured Lending

Is Carlyle Secured Lending (CGBD) overvalued?

At $11.04, Carlyle Secured Lending's price is 55% below the $24.63 a share fair value that Intrinsiqq's calculator gets from its earnings. It trades at 22.08 times earnings. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.

What is Carlyle Secured Lending's fair value?

Intrinsiqq's calculator puts Carlyle Secured Lending's fair value at $24.63 a share. It grows earnings per share 20% a year for 5 years, applies an exit P/E of 18.3, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $18.47. Every input can be changed on the Intrinsic Value tab.

Does Carlyle Secured Lending (CGBD) pay a dividend, and how much?

Yes. Carlyle Secured Lending (CGBD) pays a dividend: $1.60 per share over the last twelve months, a dividend yield of 15.16% at the latest close. Its dividend per share has shrunk at 2.5% a year over the last 5 years. The payout takes about 311.2% of earnings. The Dividends tab has the full payment history and the safety score.

Source: 10-Q filed 5 Aug 2026 (period ending 30 Jun 2026), SEC. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

Spot a number that looks wrong? Check it in CGBD's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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