GOLDMAN SACHS GROUP INC (GS)
US38141G1040 - Common Stock
GS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 220 industry peers in the Capital Markets industry. Both the profitability and financial health of GS have multiple concerns. GS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
GS had positive earnings in the past year.
GS had a negative operating cash flow in the past year.
In the past 5 years GS has always been profitable.
In multiple years GS reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a Return On Assets value of 0.66%, GS is not doing good in the industry: 72.81% of the companies in the same industry are doing better.
GS has a Return On Equity (9.46%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 0.95%, GS is doing worse than 77.42% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GS is significantly below the industry average of 6.99%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 9.46% | ||
| ROIC | 0.95% |
ROA(3y)0.89%
ROA(5y)0.85%
ROE(3y)11.73%
ROE(5y)10.65%
ROIC(3y)1.19%
ROIC(5y)1.21%
1.3 Margins
GS has a Profit Margin of 9.32%. This is in the lower half of the industry: GS underperforms 63.59% of its industry peers.
In the last couple of years the Profit Margin of GS has declined.
Looking at the Operating Margin, with a value of 13.00%, GS is doing worse than 68.66% of the companies in the same industry.
In the last couple of years the Operating Margin of GS has declined.
GS has a Gross Margin of 36.28%. This is in the lower half of the industry: GS underperforms 70.51% of its industry peers.
In the last couple of years the Gross Margin of GS has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13% | ||
| PM (TTM) | 9.32% | ||
| GM | 36.28% |
OM growth 3Y-27.82%
OM growth 5Y-15.03%
PM growth 3Y-22.75%
PM growth 5Y-17.02%
GM growth 3Y-21.32%
GM growth 5Y-10.2%
2. Health
2.1 Basic Checks
Compared to 1 year ago, GS has less shares outstanding
GS has less shares outstanding than it did 5 years ago.
The debt/assets ratio for GS is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.29, we must say that GS is in the distress zone and has some risk of bankruptcy.
GS has a worse Altman-Z score (-0.29) than 85.71% of its industry peers.
A Debt/Equity ratio of 8.51 is on the high side and indicates that GS has dependencies on debt financing.
GS's Debt to Equity ratio of 8.51 is on the low side compared to the rest of the industry. GS is outperformed by 89.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.51 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.29 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GS has a Current Ratio of 0.27. This is a bad value and indicates that GS is not financially healthy enough and could expect problems in meeting its short term obligations.
GS's Current ratio of 0.27 is on the low side compared to the rest of the industry. GS is outperformed by 81.11% of its industry peers.
A Quick Ratio of 0.27 indicates that GS may have some problems paying its short term obligations.
GS has a worse Quick ratio (0.27) than 81.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 56.76% over the past year.
Measured over the past years, GS shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.09% on average per year.
Looking at the last year, GS shows a very strong growth in Revenue. The Revenue has grown by 22.00%.
Measured over the past years, GS shows a quite strong growth in Revenue. The Revenue has been growing by 15.31% on average per year.
EPS 1Y (TTM)56.76%
EPS 3Y-8.43%
EPS 5Y-1.09%
EPS Q2Q%53.56%
Revenue 1Y (TTM)22%
Revenue growth 3Y24.38%
Revenue growth 5Y15.31%
Sales Q2Q%7.46%
3.2 Future
GS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.86% yearly.
Based on estimates for the next years, GS will show a small growth in Revenue. The Revenue will grow by 5.35% on average per year.
EPS Next Y58.29%
EPS Next 2Y35.54%
EPS Next 3Y27.44%
EPS Next 5Y21.86%
Revenue Next Year13.02%
Revenue Next 2Y9.42%
Revenue Next 3Y7.54%
Revenue Next 5Y5.35%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 16.75, GS is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as GS.
Compared to an average S&P500 Price/Earnings ratio of 27.29, GS is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 13.00, 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 23.78, GS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.75 | ||
| Fwd PE | 13 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GS indicates a somewhat cheap valuation: GS is cheaper than 68.66% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.73 |
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 27.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y35.54%
EPS Next 3Y27.44%
5. Dividend
5.1 Amount
GS has a Yearly Dividend Yield of 2.17%.
Compared to an average industry Dividend Yield of 9.57, GS is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.36, GS has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
5.2 History
The dividend of GS is nicely growing with an annual growth rate of 21.17%!
GS has been paying a dividend for at least 10 years, so it has 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)21.17%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
GS pays out 38.44% of its income as dividend. This is a sustainable payout ratio.
GS's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP38.44%
EPS Next 2Y35.54%
EPS Next 3Y27.44%
GOLDMAN SACHS GROUP INC
NYSE:GS (12/23/2024, 6:03:01 PM)
After market: 570.78 0 (0%)570.78
+4.68 (+0.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners74.65%
Inst Owner Change-0.61%
Ins Owners0.53%
Ins Owner Change-0.7%
Market Cap179.17B
Analysts79.35
Price Target579.37 (1.5%)
Short Float %1.62%
Short Ratio2.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
Dividend Growth(5Y)21.17%
DP38.44%
Div Incr Years13
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.36%
Min EPS beat(2)0.29%
Max EPS beat(2)18.43%
EPS beat(4)4
Avg EPS beat(4)25.39%
Min EPS beat(4)0.29%
Max EPS beat(4)51.48%
EPS beat(8)5
Avg EPS beat(8)9.1%
EPS beat(12)8
Avg EPS beat(12)8.15%
EPS beat(16)12
Avg EPS beat(16)19.76%
Revenue beat(2)1
Avg Revenue beat(2)1.85%
Min Revenue beat(2)-0.77%
Max Revenue beat(2)4.48%
Revenue beat(4)3
Avg Revenue beat(4)3.07%
Min Revenue beat(4)-0.77%
Max Revenue beat(4)6.82%
Revenue beat(8)6
Avg Revenue beat(8)24.09%
Revenue beat(12)10
Avg Revenue beat(12)26.06%
Revenue beat(16)14
Avg Revenue beat(16)28.1%
PT rev (1m)4.73%
PT rev (3m)9.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.13%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.57%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.22%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.75 | ||
| Fwd PE | 13 | ||
| P/S | 1.46 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.48 | ||
| P/tB | 1.57 | ||
| EV/EBITDA | 19.73 |
EPS(TTM)34.08
EY5.97%
EPS(NY)43.91
Fwd EY7.69%
FCF(TTM)-287.94
FCFYN/A
OCF(TTM)-281.4
OCFYN/A
SpS392.07
BVpS386.1
TBVpS364.33
PEG (NY)0.29
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 9.46% | ||
| ROCE | 2.69% | ||
| ROIC | 0.95% | ||
| ROICexc | 1.07% | ||
| ROICexgc | 1.08% | ||
| OM | 13% | ||
| PM (TTM) | 9.32% | ||
| GM | 36.28% | ||
| FCFM | N/A |
ROA(3y)0.89%
ROA(5y)0.85%
ROE(3y)11.73%
ROE(5y)10.65%
ROIC(3y)1.19%
ROIC(5y)1.21%
ROICexc(3y)1.51%
ROICexc(5y)1.51%
ROICexgc(3y)1.52%
ROICexgc(5y)1.52%
ROCE(3y)3.04%
ROCE(5y)2.96%
ROICexcg growth 3Y-19.93%
ROICexcg growth 5Y-15.13%
ROICexc growth 3Y-19.93%
ROICexc growth 5Y-13.6%
OM growth 3Y-27.82%
OM growth 5Y-15.03%
PM growth 3Y-22.75%
PM growth 5Y-17.02%
GM growth 3Y-21.32%
GM growth 5Y-10.2%
F-Score4
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.51 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 55.2 | ||
| Cap/Depr | 76.7% | ||
| Cap/Sales | 1.67% | ||
| Interest Coverage | 0.23 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | -0.29 |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)143.99%
Cap/Depr(5y)251.83%
Cap/Sales(3y)4.92%
Cap/Sales(5y)8.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)56.76%
EPS 3Y-8.43%
EPS 5Y-1.09%
EPS Q2Q%53.56%
EPS Next Y58.29%
EPS Next 2Y35.54%
EPS Next 3Y27.44%
EPS Next 5Y21.86%
Revenue 1Y (TTM)22%
Revenue growth 3Y24.38%
Revenue growth 5Y15.31%
Sales Q2Q%7.46%
Revenue Next Year13.02%
Revenue Next 2Y9.42%
Revenue Next 3Y7.54%
Revenue Next 5Y5.35%
EBIT growth 1Y55.52%
EBIT growth 3Y-10.23%
EBIT growth 5Y-2.02%
EBIT Next Year35.48%
EBIT Next 3Y19.02%
EBIT Next 5YN/A
FCF growth 1Y-232.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-222.44%
OCF growth 3YN/A
OCF growth 5YN/A