Investcorp Credit Management BDC, Inc. (ICMB) AI Stock Analysis

Investcorp Credit Management BDC, Inc. operates as a business development company focused on middle-market investments. It provides loans, mezzanine financing, growth capital, acquisitions, market and product expansions, organic growth initiatives, refinancings, and recapitalizations. The firm also selectively deploys mezzanine loans and structured equity, often using warrants and other equity instruments. Geographic exposure centers on the United States and Europe, spanning sectors such as cable and satellites, consumer services, healthcare equipment and services, industrials, information technology, telecommunication services, and utilities. ICMB typically targets companies generating annual revenues above $50 million and EBITDA of at least $15 million.

Top-line performance has exhibited sharp shifts, moving from $24.4M in FY2022 to $7.5M in FY2023, then rising to $23.2M in FY2024 before dropping 85.7% to $3.3M in FY2026. In FY2026, the company posted an operating margin of -252.4% and a net loss of -$8.8M, or -$0.62 per share. Over the trailing twelve months, revenue was $15.2M with a profit margin of -131.3% and an operating margin of 65.3%. In the quarter ended June 30, 2026, quarterly revenue fell 31.1% year-over-year, while quarterly earnings contracted 8.6%.

As of June 30, 2026, the balance sheet held $10.9M in cash and short-term investments, with total assets of $161.4M and shareholders' equity of $49.7M. In FY2026, operating cash flow and free cash flow both stood at $11.7M, recovering from -$13.5M in FY2024. Capital returns in FY2026 included $9.1M in dividends paid and $39,178 in share buybacks, while the five-year share count increased by 0.3%.

ICMB closed at $0.68 on October 16, 2026, giving it a market capitalization of $9.8M and an enterprise value of $107.1M. The stock trades at a forward P/E of 7.7x, below the 10.8x median of its US-listed Financial Services peers, and a price-to-book ratio of 0.3x. Its EV/EBITDA multiple of 127.7x sits above the peer median of 11.7x. Over the past year, ICMB declined 75.6%, compared to a 16.8% gain for the S&P 500 (SPY), and has fallen 75.9% over five years.

ICMB pays a quarterly dividend with an annual forward payout of $0.28 per share, translating to a dividend yield of 41.10% and a payout ratio of 88.9%. The company has maintained payments for 12 consecutive years, though the annualized 5-year dividend growth rate is -8.0%. The last ex-dividend date was December 1, 2025.

Wall Street coverage includes 1 analyst with a mean price target of $6.50, representing an 854.2% premium over the last close of $0.68. For the fiscal year ending June 30, 2026, estimates projected an EPS of $0.00 on revenue of $20.6M. For the next fiscal year, expectations include EPS of $0.20 on revenue of $18.3M, reflecting revenue growth of 4.8%. Over the last four quarters, the company recorded 0 EPS beats.

This page is an AI-written research summary of Investcorp Credit Management BDC, Inc. (ICMB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ICMB income statement, ICMB balance sheet, ICMB key metrics, ICMB analyst forecast, ICMB chart. See the ICMB stock overview for the latest quote and news.