GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GS - US38141G1040 - Common Stock
802.32 USD
+11.61 (+1.47%)
802.32 USD
0 (0%)
Overall GS gets a fundamental rating of 3 out of 10. We evaluated GS against 237 industry peers in the Capital Markets industry. GS has a bad profitability rating. Also its financial health evaluation is rather negative. GS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
GS had positive earnings in the past year.
In the past year GS had a positive cash flow from operations.
Each year in the past 5 years GS has been profitable.
In multiple years GS reported negative operating cash flow during the last 5 years.
1.2 Ratios
GS's Return On Assets of 0.88% is on the low side compared to the rest of the industry. GS is outperformed by 67.09% of its industry peers.
With a decent Return On Equity value of 12.77%, GS is doing good in the industry, outperforming 70.46% 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 65.82% 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 6.96%.
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
With a Profit Margin value of 12.45%, GS perfoms like the industry average, outperforming 44.30% of the companies in the same industry.
GS's Profit Margin has declined in the last couple of years.
GS has a worse Operating Margin (16.70%) than 60.34% of its industry peers.
In the last couple of years the Operating Margin of GS has declined.
GS's Gross Margin of 40.13% is in line compared to the rest of the industry. GS outperforms 45.15% of its industry peers.
In the last couple of years the Gross Margin of GS has declined.
| 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
The number of shares outstanding for GS has been reduced compared to 1 year ago.
Compared to 5 years ago, GS has less shares outstanding
Compared to 1 year ago, GS has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of GS is 72.29, which is on the high side as it means it would take GS, 72.29 years of fcf income to pay off all of its debts.
GS has a Debt to FCF ratio (72.29) which is in line with its industry peers.
A Debt/Equity ratio of 8.60 is on the high side and indicates that GS has dependencies on debt financing.
With a Debt to Equity ratio value of 8.60, GS is not doing good in the industry: 88.61% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.6 | ||
| Debt/FCF | 72.29 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GS has a Current Ratio of 0.31. This is a bad value and indicates that GS is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GS (0.31) is worse than 81.01% of its industry peers.
GS has a Quick Ratio of 0.31. 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 0.31, GS is not doing good in the industry: 81.01% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.31 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 44.45% over the past year.
The Earnings Per Share has been growing by 14.07% on average over the past years. This is quite good.
The Revenue has been growing slightly by 3.36% in the past 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
GS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.33% yearly.
The Revenue is expected to grow by 4.85% on average over the next years.
EPS Next Y23.32%
EPS Next 2Y18.42%
EPS Next 3Y16.28%
EPS Next 5Y13.33%
Revenue Next Year13.23%
Revenue Next 2Y9.21%
Revenue Next 3Y7.66%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.30, the valuation of GS can be described as correct.
GS's Price/Earnings ratio is in line with the industry average.
GS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.65.
The Price/Forward Earnings ratio is 14.11, which indicates a correct valuation of GS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GS is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.45, GS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.3 | ||
| Fwd PE | 14.11 |
4.2 Price Multiples
GS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GS is cheaper than 73.84% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GS is valued a bit cheaper than 63.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.26 | ||
| EV/EBITDA | 17.87 |
4.3 Compensation for Growth
The 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 16.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.7
PEG (5Y)1.16
EPS Next 2Y18.42%
EPS Next 3Y16.28%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.07%, GS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 8.60, GS has a dividend in line with its industry peers.
GS's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.07% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)19.24%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
GS pays out 31.36% of its income as dividend. This is a 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 3Y16.28%
802.32
+11.61 (+1.47%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners74.17%
Inst Owner Change-11.94%
Ins Owners0.51%
Ins Owner Change-0.74%
Market Cap240.64B
Revenue(TTM)127.21B
Net Income(TTM)15.84B
Analysts73.13
Price Target807.86 (0.69%)
Short Float %2.18%
Short Ratio3.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.07% |
Yearly Dividend14.19
Dividend Growth(5Y)19.24%
DP31.36%
Div Incr Years13
Div Non Decr Years14
Ex-Date
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)7.93%
PT rev (3m)10.15%
EPS NQ rev (1m)-0.58%
EPS NQ rev (3m)3.73%
EPS NY rev (1m)0.01%
EPS NY rev (3m)8.34%
Revenue NQ rev (1m)0.31%
Revenue NQ rev (3m)4.98%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)3.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.3 | ||
| Fwd PE | 14.11 | ||
| P/S | 1.89 | ||
| P/FCF | 15.26 | ||
| P/OCF | 13.45 | ||
| P/B | 1.94 | ||
| P/tB | 1.94 | ||
| EV/EBITDA | 17.87 |
EPS(TTM)49.23
EY6.14%
EPS(NY)56.86
Fwd EY7.09%
FCF(TTM)52.58
FCFY6.55%
OCF(TTM)59.64
OCFY7.43%
SpS424.14
BVpS413.43
TBVpS413.43
PEG (NY)0.7
PEG (5Y)1.16
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 Y23.32%
EPS Next 2Y18.42%
EPS Next 3Y16.28%
EPS Next 5Y13.33%
Revenue 1Y (TTM)3.36%
Revenue growth 3Y24.97%
Revenue growth 5Y18.23%
Sales Q2Q%19.57%
Revenue Next Year13.23%
Revenue Next 2Y9.21%
Revenue Next 3Y7.66%
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 3 / 10 to GS.
What is the valuation status for GS stock?
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.
Can you provide the PE and PB ratios for GS stock?
The Price/Earnings (PE) ratio for GOLDMAN SACHS GROUP INC (GS) is 16.3 and the Price/Book (PB) ratio is 1.94.
Can you provide the financial health for GS stock?
The financial health rating of GOLDMAN SACHS GROUP INC (GS) is 1 / 10.