GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GS - US38141G1040 - Common Stock
938.98 USD
+4.15 (+0.44%)
939.878 USD
+0.9 (+0.1%)
We assign a fundamental rating of 4 out of 10 to GS. GS was compared to 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 decent growth rate and is not valued too expensively. GS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
GS had positive earnings in the past year.
GS had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 0.88%, GS is doing worse than 66.38% of the companies in the same industry.
GS's Return On Equity of 12.77% is fine compared to the rest of the industry. GS outperforms 71.49% of its industry peers.
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 last Return On Invested Capital (1.13%) for GS is above the 3 year average (0.90%), which is a sign of increasing profitability.
| 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 of 12.45%. This is comparable to the rest of the industry: GS outperforms 44.68% of its industry peers.
GS's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 16.70%, GS perfoms like the industry average, outperforming 40.43% of the companies in the same industry.
GS's Operating Margin has declined in the last couple of years.
GS's Gross Margin of 40.13% is in line compared to the rest of the industry. GS outperforms 42.13% 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
GS has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, GS has less shares outstanding
GS has a worse debt/assets ratio than last year.
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.
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.
With a Current ratio value of 0.31, GS is not doing good in the industry: 80.85% of the companies in the same industry are doing better.
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.
The Quick ratio of GS (0.31) is worse than 80.85% of its industry peers.
| 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.
GS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.07% yearly.
GS shows a small growth in Revenue. In the last year, the Revenue has grown by 3.36%.
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.
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
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
A Price/Earnings ratio of 19.07 indicates a rather expensive valuation of GS.
Compared to the rest of the industry, the Price/Earnings ratio of GS is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.19, GS is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 16.51, the valuation of GS can be described as correct.
GS's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.92, GS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.07 | ||
| Fwd PE | 16.51 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GS is valued a bit cheaper than the industry average as 73.19% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, GS is valued a bit cheaper than 62.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.86 | ||
| EV/EBITDA | 19.77 |
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.
A more expensive valuation may be justified as GS's earnings are expected to grow with 16.20% in the coming years.
PEG (NY)0.81
PEG (5Y)1.36
EPS Next 2Y18.42%
EPS Next 3Y16.2%
5. Dividend
5.1 Amount
GS has a Yearly Dividend Yield of 6.74%, which is a nice return.
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 been paying a dividend for at least 10 years, so it has 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 31.36% 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.
DP31.36%
EPS Next 2Y18.42%
EPS Next 3Y16.2%
938.98
+4.15 (+0.44%)
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 Cap281.63B
Revenue(TTM)127.21B
Net Income(TTM)15.84B
Analysts73.13
Price Target825.6 (-12.07%)
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 | 19.07 | ||
| Fwd PE | 16.51 | ||
| P/S | 2.21 | ||
| P/FCF | 17.86 | ||
| P/OCF | 15.74 | ||
| P/B | 2.27 | ||
| P/tB | 2.27 | ||
| EV/EBITDA | 19.77 |
EPS(TTM)49.23
EY5.24%
EPS(NY)56.87
Fwd EY6.06%
FCF(TTM)52.58
FCFY5.6%
OCF(TTM)59.64
OCFY6.35%
SpS424.14
BVpS413.43
TBVpS413.43
PEG (NY)0.81
PEG (5Y)1.36
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 19.07 and the Price/Book (PB) ratio is 2.27.
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%.