GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GS - US38141G1040 - Common Stock
816.01 USD
+13.69 (+1.71%)
818.99 USD
+2.98 (+0.37%)
Overall GS gets a fundamental rating of 3 out of 10. We evaluated GS against 237 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.
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.
In multiple years GS reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of GS (0.88%) is worse than 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 worse Return On Invested Capital (1.13%) than 65.82% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GS 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
GS has a Profit Margin of 12.45%. This is comparable to the rest of the industry: GS outperforms 44.30% of its industry peers.
In the last couple of years the Profit Margin of GS has declined.
GS has a worse Operating Margin (16.70%) than 60.34% of its industry peers.
GS's Operating Margin has declined in the last couple of years.
GS has a Gross Margin (40.13%) which is comparable to the rest of the industry.
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.
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 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 has a Debt to FCF ratio of 72.29. This is comparable to the rest of the industry: GS outperforms 44.73% of its industry peers.
A Debt/Equity ratio of 8.60 is on the high side and indicates that GS has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 8.60, GS is doing worse than 88.61% of the companies in the same industry.
| 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.
Looking at the Current ratio, with a value of 0.31, GS is doing worse than 81.01% 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 has a Quick ratio of 0.31. This is amonst the worse of the industry: GS underperforms 81.01% 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.
Measured over the past years, GS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.07% on average per year.
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
Based on estimates for the next years, GS will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.33% on average per year.
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
The EPS growth rate is stable: in the next years the growth will be about the same 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
A Price/Earnings ratio of 16.58 indicates a correct valuation of GS.
GS's Price/Earnings is on the same level as the industry average.
GS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.15.
Based on the Price/Forward Earnings ratio of 14.35, the valuation of GS can be described as correct.
GS's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of GS to the average of the S&P500 Index (36.12), we can say GS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.58 | ||
| Fwd PE | 14.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GS is valued a bit cheaper than 73.84% of the companies in the same industry.
62.87% of the companies in the same industry are more expensive than GS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.52 | ||
| EV/EBITDA | 18.2 |
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 16.28% in the coming years.
PEG (NY)0.71
PEG (5Y)1.18
EPS Next 2Y18.42%
EPS Next 3Y16.28%
5. Dividend
5.1 Amount
GS has a Yearly Dividend Yield of 2.07%.
GS's Dividend Yield is comparable with the industry average which is at 8.60.
Compared to an average S&P500 Dividend Yield of 2.41, GS has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.07% |
5.2 History
The dividend of GS is nicely growing with an annual growth rate of 19.24%!
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.
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%
816.01
+13.69 (+1.71%)
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 Cap244.75B
Revenue(TTM)127.21B
Net Income(TTM)15.84B
Analysts73.13
Price Target807.86 (-1%)
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 | 16.58 | ||
| Fwd PE | 14.35 | ||
| P/S | 1.92 | ||
| P/FCF | 15.52 | ||
| P/OCF | 13.68 | ||
| P/B | 1.97 | ||
| P/tB | 1.97 | ||
| EV/EBITDA | 18.2 |
EPS(TTM)49.23
EY6.03%
EPS(NY)56.86
Fwd EY6.97%
FCF(TTM)52.58
FCFY6.44%
OCF(TTM)59.64
OCFY7.31%
SpS424.14
BVpS413.43
TBVpS413.43
PEG (NY)0.71
PEG (5Y)1.18
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 16.58 and the Price/Book (PB) ratio is 1.97.
Can you provide the financial health for GS stock?
The financial health rating of GOLDMAN SACHS GROUP INC (GS) is 1 / 10.