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%)
GS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 235 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. GS also has an excellent dividend rating.
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.
GS had positive earnings in each of the past 5 years.
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
With a Return On Assets value of 0.88%, GS is not doing good in the industry: 66.38% of the companies in the same industry are doing better.
GS has a Return On Equity of 12.77%. This is in the better half 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.
The Average Return On Invested Capital over the past 3 years for GS 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.
GS has a Operating Margin (16.70%) which is in line with its industry peers.
GS's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 40.13%, GS is in line with its industry, outperforming 42.13% of the companies in the same 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.
The number of shares outstanding for GS has been reduced compared to 5 years ago.
Compared to 1 year ago, GS has a worse debt to assets ratio.
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 (72.29) which is comparable to the rest of the industry.
A Debt/Equity ratio of 8.60 is on the high side and indicates that GS has dependencies on debt financing.
GS's Debt to Equity ratio of 8.60 is on the low side compared to the rest of the industry. GS is outperformed by 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
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 80.85% of the companies in the same industry.
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
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.
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
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.
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.
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
GS is valuated rather expensively with a Price/Earnings ratio of 19.07.
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 27.19.
GS is valuated correctly with a Price/Forward Earnings ratio of 16.51.
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 23.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.07 | ||
| Fwd PE | 16.51 |
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 73.19% of the companies listed in the same industry.
GS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. GS is 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.
GS's earnings are expected to grow with 16.20% in the coming years. This may justify a more expensive valuation.
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.
GS's Dividend Yield is a higher than the industry average which is at 6.19.
GS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| 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 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
31.36% of the earnings are spent on dividend by GS. This is a low number and 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 3Y16.2%
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%.