GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA - NYSE:GS - US38141G1040 - Common Stock
790.83 USD
+5.31 (+0.68%)
790 USD
-0.83 (-0.1%)
We assign a fundamental rating of 3 out of 10 to GS. GS was compared to 237 industry peers in the Capital Markets industry. Both the profitability and financial health of GS have multiple concerns. GS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
GS had positive earnings in the past year.
In the past year GS has reported a negative 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
The Return On Assets of GS (0.83%) is worse than 68.35% of its industry peers.
With a decent Return On Equity value of 11.89%, GS is doing good in the industry, outperforming 64.98% of the companies in the same industry.
With a Return On Invested Capital value of 1.09%, GS is not doing good in the industry: 68.35% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for GS is significantly below the industry average of 7.63%.
The 3 year average ROIC (0.90%) for GS is below the current ROIC(1.09%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 11.89% | ||
| ROIC | 1.09% |
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
Looking at the Profit Margin, with a value of 11.66%, GS is in line with its industry, outperforming 43.88% of the companies in the same industry.
In the last couple of years the Profit Margin of GS has declined.
GS has a Operating Margin of 15.66%. This is in the lower half of the industry: GS underperforms 63.29% of its industry peers.
GS's Operating Margin has declined in the last couple of years.
GS has a Gross Margin (38.58%) which is comparable to the rest of the industry.
GS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.66% | ||
| PM (TTM) | 11.66% | ||
| GM | 38.58% |
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
GS has less shares outstanding than it did 1 year ago.
GS has less shares outstanding than it did 5 years ago.
GS has a worse debt/assets ratio than last year.
2.2 Solvency
GS has an Altman-Z score of -0.21. This is a bad value and indicates that GS is not financially healthy and even has some risk of bankruptcy.
GS's Altman-Z score of -0.21 is on the low side compared to the rest of the industry. GS is outperformed by 78.48% of its industry peers.
A Debt/Equity ratio of 8.42 is on the high side and indicates that GS has dependencies on debt financing.
With a Debt to Equity ratio value of 8.42, GS is not doing good in the industry: 89.03% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.42 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.21 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.30 indicates that GS may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.30, GS is doing worse than 81.86% of the companies in the same industry.
GS has a Quick Ratio of 0.30. This is a bad value and indicates that GS is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.30, GS is not doing good in the industry: 81.86% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
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.
The Earnings Per Share has been growing by 14.07% on average over the past years. This is quite good.
GS shows a small growth in Revenue. In the last year, the Revenue has grown by 3.36%.
The Revenue has been growing by 18.23% on average over the past years. This is quite good.
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 5.68% on average over the next years.
Based on estimates for the next years, GS will show a small growth in Revenue. The Revenue will grow by 3.96% on average per year.
EPS Next Y23.31%
EPS Next 2Y18.41%
EPS Next 3Y16.31%
EPS Next 5Y5.68%
Revenue Next Year13.17%
Revenue Next 2Y9.15%
Revenue Next 3Y7.64%
Revenue Next 5Y3.96%
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 decreasing.
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
With a Price/Earnings ratio of 16.06, GS is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of GS is on the same level as its industry peers.
GS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.03.
With a Price/Forward Earnings ratio of 13.91, GS is valued correctly.
GS's Price/Forward Earnings ratio is in line with the industry average.
GS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.06 | ||
| Fwd PE | 13.91 |
4.2 Price Multiples
GS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GS is cheaper than 70.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.51 |
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.
A more expensive valuation may be justified as GS's earnings are expected to grow with 16.31% in the coming years.
PEG (NY)0.69
PEG (5Y)1.14
EPS Next 2Y18.41%
EPS Next 3Y16.31%
5. Dividend
5.1 Amount
GS has a Yearly Dividend Yield of 2.02%. Purely for dividend investing, there may be better candidates out there.
GS's Dividend Yield is comparable with the industry average which is at 8.50.
Compared to an average S&P500 Dividend Yield of 2.38, GS has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
5.2 History
The dividend of GS is nicely growing with an annual growth rate of 19.24%!
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
GS pays out 31.57% of its income as dividend. This is a sustainable payout ratio.
The dividend of GS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.57%
EPS Next 2Y18.41%
EPS Next 3Y16.31%
790.83
+5.31 (+0.68%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners74.17%
Inst Owner Change-12.41%
Ins Owners0.51%
Ins Owner Change-0.81%
Market Cap239.40B
Revenue(TTM)127.21B
Net Income(TTM)14.76B
Analysts73.55
Price Target806.94 (2.04%)
Short Float %2.02%
Short Ratio3.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
Yearly Dividend14.19
Dividend Growth(5Y)19.24%
DP31.57%
Div Incr Years13
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.09%
Min EPS beat(2)11%
Max EPS beat(2)11.18%
EPS beat(4)4
Avg EPS beat(4)20.42%
Min EPS beat(4)11%
Max EPS beat(4)41.07%
EPS beat(8)7
Avg EPS beat(8)20.6%
EPS beat(12)9
Avg EPS beat(12)11.68%
EPS beat(16)12
Avg EPS beat(16)12.72%
Revenue beat(2)1
Avg Revenue beat(2)1.95%
Min Revenue beat(2)-1.25%
Max Revenue beat(2)5.15%
Revenue beat(4)3
Avg Revenue beat(4)4.26%
Min Revenue beat(4)-1.25%
Max Revenue beat(4)8.67%
Revenue beat(8)6
Avg Revenue beat(8)3.43%
Revenue beat(12)9
Avg Revenue beat(12)21.88%
Revenue beat(16)13
Avg Revenue beat(16)21.96%
PT rev (1m)9.62%
PT rev (3m)16.34%
EPS NQ rev (1m)3.44%
EPS NQ rev (3m)4.38%
EPS NY rev (1m)4.48%
EPS NY rev (3m)8.33%
Revenue NQ rev (1m)2.61%
Revenue NQ rev (3m)2.83%
Revenue NY rev (1m)3.09%
Revenue NY rev (3m)6.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.06 | ||
| Fwd PE | 13.91 | ||
| P/S | 1.89 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.93 | ||
| P/tB | 2.04 | ||
| EV/EBITDA | 20.51 |
EPS(TTM)49.23
EY6.23%
EPS(NY)56.86
Fwd EY7.19%
FCF(TTM)-82.18
FCFYN/A
OCF(TTM)-75.49
OCFYN/A
SpS418.15
BVpS409.94
TBVpS387.34
PEG (NY)0.69
PEG (5Y)1.14
Graham Number673.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 11.89% | ||
| ROCE | 2.98% | ||
| ROIC | 1.09% | ||
| ROICexc | 1.23% | ||
| ROICexgc | 1.23% | ||
| OM | 15.66% | ||
| PM (TTM) | 11.66% | ||
| GM | 38.58% | ||
| FCFM | N/A |
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-Score4
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.42 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 47.34 | ||
| Cap/Depr | 90.37% | ||
| Cap/Sales | 1.6% | ||
| Interest Coverage | 0.28 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | -0.21 |
F-Score4
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 Y23.31%
EPS Next 2Y18.41%
EPS Next 3Y16.31%
EPS Next 5Y5.68%
Revenue 1Y (TTM)3.36%
Revenue growth 3Y24.97%
Revenue growth 5Y18.23%
Sales Q2Q%19.57%
Revenue Next Year13.17%
Revenue Next 2Y9.15%
Revenue Next 3Y7.64%
Revenue Next 5Y3.96%
EBIT growth 1Y33.9%
EBIT growth 3Y-11.94%
EBIT growth 5Y11.78%
EBIT Next Year1.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-217.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-194.61%
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 3 / 10 to GS.
What is the valuation status for GS stock?
ChartMill assigns a valuation rating of 4 / 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.
Can you provide the PE and PB ratios for GS stock?
The Price/Earnings (PE) ratio for GOLDMAN SACHS GROUP INC (GS) is 16.06 and the Price/Book (PB) ratio is 1.93.
Can you provide the financial health for GS stock?
The financial health rating of GOLDMAN SACHS GROUP INC (GS) is 1 / 10.