Saturday 17 October 2026
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Investcorp Credit Management BDC, Inc.
ICMB Financial Asset Management
Investcorp Credit Management BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.4 million, down 27.1% from fiscal 2024. In the quarter to June 2026, revenue fell 31.1%, EPS fell 75.4%, free cash flow grew 238.1% and total debt fell 18.7%, each against the same quarter a year earlier.
0.68
0.01
−1.45%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 6.29 | 7.35 | 5.54 | 5.78 | 1.37 | 4.51 | 3.24 | 3.02 | 2.91 | 2.46 |
Analyst estimates 2026–2028 Powerpack |
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| High | 10.43 | 10.72 | 9.83 | 8.12 | 7.65 | 6.58 | 5.72 | 4.50 | 3.96 | 3.47 | |||||
| People | |||||||||||||||
| People | Employees | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 6 | 6 | 6 | ||||
| Revenue/emp, $m | 11.86 | 10.34 | 13.60 | 17.20 | 17.23 | 13.34 | 12.22 | 4.45 | 3.98 | 2.90 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 36 | 31 | 41 | 34 | 34 | 27 | 24 | 27 | 24 | 17 | ||||
| Gross margin, % | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||
| EBT | (9) | 24 | 16 | (15) | (25) | (2) | 3 | 3 | (4) | (9) | |||||
| EBT margin, % | (26.26) | 76.03 | 38.31 | (42.28) | (71.55) | (8.67) | 10.59 | 12.12 | (17.14) | (50.86) | |||||
| Net income | (9) | 24 | 16 | (15) | (25) | (2) | 3 | 3 | (4) | (9) | |||||
| Depreciation | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 2.60 | 2.27 | 2.98 | 2.52 | 2.51 | 1.92 | 1.71 | 1.85 | 1.66 | 1.21 | ||||
| Earnings | (0.68) | 1.72 | 1.14 | (1.07) | (1.79) | (0.17) | 0.18 | 0.22 | (0.28) | (0.61) | |||||
| Cash flow | 3.02 | 3.31 | (2.06) | (1.02) | (0.77) | 1.45 | 1.48 | 1.44 | 2.57 | 0.81 | |||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Free cash flow | 3.02 | 3.31 | (2.06) | (1.02) | (0.77) | 1.45 | 1.48 | 1.44 | 2.57 | 0.81 | |||||
| Book value | 11.90 | 12.42 | 12.53 | 10.50 | 7.87 | 6.93 | 6.54 | 6.09 | 5.21 | 4.25 | |||||
| Shares, m | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 5.77 | 7.84 | 0.00 | 0.00 | 0.00 | 24.15 | 16.45 | 0.00 | 0.00 | ||||
| P/S | 3.39 | 4.38 | 3.00 | 2.99 | 1.39 | 2.81 | 2.48 | 1.95 | 2.04 | 2.24 | |||||
| P/B | 0.74 | 0.80 | 0.71 | 0.72 | 0.44 | 0.78 | 0.65 | 0.59 | 0.65 | 0.66 | |||||
| EV/Sales | 6.05 | 6.58 | 3.19 | 7.04 | 6.09 | 8.60 | 8.21 | 6.69 | 6.28 | 8.46 | |||||
| EV/FCF | 3.76 | 2.57 | (2.01) | (13.69) | (19.76) | 5.84 | 5.88 | 5.97 | 4.05 | 12.62 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 41 | 45 | (28) | (14) | (11) | 20 | 21 | 21 | 37 | 12 | ||||
| Capex | — | — | — | — | — | — | — | — | — | — | |||||
| Free cash flow | 41 | 45 | (28) | (14) | (11) | 20 | 21 | 21 | 37 | 12 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 22 | 17 | 0 | 3 | 20 | 16 | 7 | 3 | (4) | 12 | ||||
| Total debt | 131 | 101 | 118 | 166 | 182 | 166 | 147 | 136 | 106 | 123 | |||||
| Net debt | 95 | 68 | 110 | 139 | 162 | 153 | 138 | 127 | 101 | 108 | |||||
| Shareholders’ equity | 163 | 170 | 172 | 143 | 108 | 96 | 94 | 88 | 75 | 61 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (2.75) | 7.66 | 5.12 | (4.46) | (7.78) | (0.82) | 1.01 | 1.35 | (1.93) | (4.64) | ||||
| ROIC | 4.82 | 4.12 | 4.22 | 2.99 | 3.28 | 2.28 | 2.41 | 2.75 | 2.34 | 0.70 | |||||
| ROE | (5.20) | 14.17 | 9.15 | (9.24) | (19.63) | (2.26) | 2.72 | 3.57 | (5.03) | (12.98) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Investcorp Credit Management BDC, Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BENF Beneficient | $20.7M | — (loss-making) | 6.3× | +196.37% (above 0%: growing) | n/m | +62.45% (above 0%: growing) | 100.00% | 34.47% | Compare |
| BCG Binah Capital Group, Inc. | $17.6M | 5.1× | 28.1× | +12.09% (above 0%: growing) | n/m | +1,679.03% (above 0%: growing) | 100.00% | 0.91% | Compare |
| EQS Equus Total Return, Inc. | $13.3M | — (loss-making) | 32.9× | −10.92% (below 0%: shrinking) | n/m | +113.19% (above 0%: growing) | 100.00% | (266.98%) | Compare |
| JP Jupai Holdings Limited | $12.1M | — (loss-making) | 0.2× | −59.78% (below 0%: shrinking) | n/m | −172.56% (below 0%: shrinking) | 33.94% | (132.18%) | Compare |
| ICMB Investcorp Credit Management BDC, Inc. | $9.9M | — (loss-making) | 20.5× | −31.05% (below 0%: shrinking) | n/m | +238.07% (above 0%: growing) | 100.00% | 59.40% | |
| BNKK Bonk, Inc. | $9.6M | — (loss-making) | — | +2,491.09% (above 0%: growing) | n/m | −158.27% (below 0%: shrinking) | 33.61% | (174.80%) | Compare |
| SFES Safeguard Scientifics, Inc. | $7.5M | 0.4× | — | — | n/m | +42.68% (above 0%: growing) | 0.00% | 0.00% | Compare |
| TWAV TaoWeave, Inc. | $5.7M | — (loss-making) | 12.4× | −11.82% (below 0%: shrinking) | n/m | +107.53% (above 0%: growing) | 52.49% | (161.11%) | Compare |
| ALP Alpha Compute Corp | $5.6M | — (loss-making) | — | — | n/m | +66.68% (above 0%: growing) | 0.00% | 0.00% | Compare |
| Median of peers | $10.8M | — | 12.4× | +0.58% | — | +64.57% | 43.22% | (66.09%) |
Investcorp Credit Management BDC, Inc. (ICMB) key facts
- Concern: Investcorp Credit Management BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.4 million, down 27.1% from fiscal 2024.
- Investcorp Credit Management BDC, Inc. (ICMB) is an Asset Management company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, ICMB traded at $0.68, a market capitalization of $9.9 million.
- Return on equity was −13.0% and debt-to-equity 2.20.