GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GS - US38141G1040 - Common Stock
949.55 USD
+10.57 (+1.13%)
950 USD
+0.45 (+0.05%)
Overall GS gets a fundamental rating of 4 out of 10. We evaluated GS against 235 industry peers in the Capital Markets industry. GS may be in some trouble as it scores bad on both profitability and health. GS has a correct valuation and a medium growth rate. Finally GS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year GS was profitable.
In the past year GS had a positive cash flow from operations.
In the past 5 years GS has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: GS reported negative operating cash flow in multiple years.
1.2 Ratios
With a Return On Assets value of 0.88%, GS is not doing good in the industry: 66.38% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 12.77%, GS is in the better half of the industry, outperforming 71.49% of the companies in the same industry.
GS has a Return On Invested Capital of 1.13%. This is in the lower half of the industry: GS underperforms 65.53% of its industry peers.
GS had an Average Return On Invested Capital over the past 3 years of 0.90%. This is significantly below the industry average of 7.17%.
The 3 year average ROIC (0.90%) for GS is below the current ROIC(1.13%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 12.77% | ||
| ROIC | 1.13% |
ROA(3y)0.68%
ROA(5y)0.85%
ROE(3y)9.01%
ROE(5y)11.11%
ROIC(3y)0.9%
ROIC(5y)1.18%
1.3 Margins
GS has a Profit Margin (12.45%) which is in line with its industry peers.
GS's Profit Margin has declined in the last couple of years.
GS's Operating Margin of 16.70% is in line compared to the rest of the industry. GS outperforms 40.43% of its industry peers.
GS's Operating Margin has declined in the last couple of years.
GS has a Gross Margin of 40.13%. This is comparable to the rest of the industry: GS outperforms 42.13% of its industry peers.
GS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.7% | ||
| PM (TTM) | 12.45% | ||
| GM | 40.13% |
OM growth 3Y-29.54%
OM growth 5Y-5.46%
PM growth 3Y-31.06%
PM growth 5Y-5.81%
GM growth 3Y-24.01%
GM growth 5Y-9.99%
2. Health
2.1 Basic Checks
Compared to 1 year ago, GS has less shares outstanding
The number of shares outstanding for GS has been reduced compared to 5 years ago.
The debt/assets ratio for GS is higher compared to a year ago.
2.2 Solvency
GS has a debt to FCF ratio of 72.29. This is a negative value and a sign of low solvency as GS would need 72.29 years to pay back of all of its debts.
GS's Debt to FCF ratio of 72.29 is in line compared to the rest of the industry. GS outperforms 49.36% of its industry peers.
GS has a Debt/Equity ratio of 8.60. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GS (8.60) is worse than 86.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.6 | ||
| Debt/FCF | 72.29 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.31 indicates that GS may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.31, GS is doing worse than 80.43% of the companies in the same industry.
A Quick Ratio of 0.31 indicates that GS may have some problems paying its short term obligations.
GS's Quick ratio of 0.31 is on the low side compared to the rest of the industry. GS is outperformed by 80.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.31 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
GS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 44.45%, which is quite impressive.
GS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.07% yearly.
Looking at the last year, GS shows a small growth in Revenue. The Revenue has grown by 3.36% in the last year.
Measured over the past years, GS shows a quite strong growth in Revenue. The Revenue has been growing by 18.23% on average per year.
EPS 1Y (TTM)44.45%
EPS 3Y-11.93%
EPS 5Y14.07%
EPS Q2Q%45.83%
Revenue 1Y (TTM)3.36%
Revenue growth 3Y24.97%
Revenue growth 5Y18.23%
Sales Q2Q%19.57%
3.2 Future
The Earnings Per Share is expected to grow by 13.33% on average over the next years. This is quite good.
GS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.85% yearly.
EPS Next Y23.5%
EPS Next 2Y18.42%
EPS Next 3Y16.2%
EPS Next 5Y13.33%
Revenue Next Year13.42%
Revenue Next 2Y9.32%
Revenue Next 3Y7.63%
Revenue Next 5Y4.85%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 19.29, which indicates a rather expensive current valuation of GS.
GS's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.25, GS is valued a bit cheaper.
GS is valuated correctly with a Price/Forward Earnings ratio of 16.70.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GS is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.98. GS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.29 | ||
| Fwd PE | 16.7 |
4.2 Price Multiples
73.62% of the companies in the same industry are more expensive than GS, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GS indicates a somewhat cheap valuation: GS is cheaper than 63.40% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.06 | ||
| EV/EBITDA | 19.77 |
4.3 Compensation for Growth
GS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GS's earnings are expected to grow with 16.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)1.37
EPS Next 2Y18.42%
EPS Next 3Y16.2%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.74%, GS is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.19, GS pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.92, GS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.74% |
5.2 History
On average, the dividend of GS grows each year by 19.24%, which is quite nice.
GS has paid a dividend for at least 10 years, which is a reliable track record.
GS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)19.24%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
31.36% of the earnings are spent on dividend by GS. This is a low number and sustainable payout ratio.
GS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y18.42%
EPS Next 3Y16.2%
949.55
+10.57 (+1.13%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners74.56%
Inst Owner Change0.27%
Ins Owners0.52%
Ins Owner Change-0.76%
Market Cap284.80B
Revenue(TTM)127.21B
Net Income(TTM)15.84B
Analysts73.13
Price Target825.6 (-13.05%)
Short Float %2.38%
Short Ratio3.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.74% |
Yearly Dividend14.19
Dividend Growth(5Y)19.24%
DP31.36%
Div Incr Years13
Div Non Decr Years14
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.66%
Min EPS beat(2)8.14%
Max EPS beat(2)11.18%
EPS beat(4)4
Avg EPS beat(4)17.85%
Min EPS beat(4)8.14%
Max EPS beat(4)41.07%
EPS beat(8)8
Avg EPS beat(8)21.62%
EPS beat(12)9
Avg EPS beat(12)12.01%
EPS beat(16)12
Avg EPS beat(16)10.57%
Revenue beat(2)2
Avg Revenue beat(2)4.86%
Min Revenue beat(2)4.58%
Max Revenue beat(2)5.15%
Revenue beat(4)3
Avg Revenue beat(4)4.29%
Min Revenue beat(4)-1.25%
Max Revenue beat(4)8.67%
Revenue beat(8)6
Avg Revenue beat(8)3.68%
Revenue beat(12)9
Avg Revenue beat(12)17.49%
Revenue beat(16)13
Avg Revenue beat(16)20.62%
PT rev (1m)2.2%
PT rev (3m)10.31%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)2.79%
EPS NY rev (1m)0.08%
EPS NY rev (3m)4.64%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)4.99%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)3.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.29 | ||
| Fwd PE | 16.7 | ||
| P/S | 2.24 | ||
| P/FCF | 18.06 | ||
| P/OCF | 15.92 | ||
| P/B | 2.3 | ||
| P/tB | 2.3 | ||
| EV/EBITDA | 19.77 |
EPS(TTM)49.23
EY5.18%
EPS(NY)56.87
Fwd EY5.99%
FCF(TTM)52.58
FCFY5.54%
OCF(TTM)59.64
OCFY6.28%
SpS424.14
BVpS413.43
TBVpS413.43
PEG (NY)0.82
PEG (5Y)1.37
Graham Number676.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 12.77% | ||
| ROCE | 3.09% | ||
| ROIC | 1.13% | ||
| ROICexc | 1.27% | ||
| ROICexgc | 1.31% | ||
| OM | 16.7% | ||
| PM (TTM) | 12.45% | ||
| GM | 40.13% | ||
| FCFM | 12.4% |
ROA(3y)0.68%
ROA(5y)0.85%
ROE(3y)9.01%
ROE(5y)11.11%
ROIC(3y)0.9%
ROIC(5y)1.18%
ROICexc(3y)1.1%
ROICexc(5y)1.47%
ROICexgc(3y)1.11%
ROICexgc(5y)1.48%
ROCE(3y)2.51%
ROCE(5y)3.11%
ROICexgc growth 3Y-19.38%
ROICexgc growth 5Y-1.43%
ROICexc growth 3Y-19.4%
ROICexc growth 5Y-1.39%
OM growth 3Y-29.54%
OM growth 5Y-5.46%
PM growth 3Y-31.06%
PM growth 5Y-5.81%
GM growth 3Y-24.01%
GM growth 5Y-9.99%
F-Score7
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.6 | ||
| Debt/FCF | 72.29 | ||
| Debt/EBITDA | 45.6 | ||
| Cap/Depr | 98.42% | ||
| Cap/Sales | 1.67% | ||
| Interest Coverage | 0.31 | ||
| Cash Conversion | 76.45% | ||
| Profit Quality | 99.56% | ||
| Current Ratio | 0.31 | ||
| Quick Ratio | 0.31 | ||
| Altman-Z | N/A |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)95.93%
Cap/Depr(5y)170.22%
Cap/Sales(3y)3.08%
Cap/Sales(5y)5.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)44.45%
EPS 3Y-11.93%
EPS 5Y14.07%
EPS Q2Q%45.83%
EPS Next Y23.5%
EPS Next 2Y18.42%
EPS Next 3Y16.2%
EPS Next 5Y13.33%
Revenue 1Y (TTM)3.36%
Revenue growth 3Y24.97%
Revenue growth 5Y18.23%
Sales Q2Q%19.57%
Revenue Next Year13.42%
Revenue Next 2Y9.32%
Revenue Next 3Y7.63%
Revenue Next 5Y4.85%
EBIT growth 1Y32.76%
EBIT growth 3Y-11.94%
EBIT growth 5Y11.78%
EBIT Next Year1.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y179.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y202.86%
OCF growth 3YN/A
OCF growth 5YN/A
GOLDMAN SACHS GROUP INC / GS FAQ
Can you provide the ChartMill fundamental rating for GOLDMAN SACHS GROUP INC?
ChartMill assigns a fundamental rating of 4 / 10 to GS.
Can you provide the valuation status for GOLDMAN SACHS GROUP INC?
ChartMill assigns a valuation rating of 5 / 10 to GOLDMAN SACHS GROUP INC (GS). This can be considered as Fairly Valued.
How profitable is GOLDMAN SACHS GROUP INC (GS) stock?
GOLDMAN SACHS GROUP INC (GS) has a profitability rating of 3 / 10.
What is the valuation of GOLDMAN SACHS GROUP INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for GOLDMAN SACHS GROUP INC (GS) is 19.29 and the Price/Book (PB) ratio is 2.3.
Is the dividend of GOLDMAN SACHS GROUP INC sustainable?
The dividend rating of GOLDMAN SACHS GROUP INC (GS) is 8 / 10 and the dividend payout ratio is 31.36%.