GOLDMAN SACHS BDC INC (GSBD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GSBD - US38147U1079 - Common Stock
9.2 USD
+0.24 (+2.68%)
9.2292 USD
+0.03 (+0.32%)
Taking everything into account, GSBD scores 5 out of 10 in our fundamental rating. GSBD was compared to 235 industry peers in the Capital Markets industry. There are concerns on the financial health of GSBD while its profitability can be described as average. GSBD is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
GSBD had positive earnings in the past year.
In the past year GSBD had a positive cash flow from operations.
Each year in the past 5 years GSBD has been profitable.
GSBD had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
GSBD's Return On Assets of 3.93% is fine compared to the rest of the industry. GSBD outperforms 63.83% of its industry peers.
GSBD has a Return On Equity (9.15%) which is in line with its industry peers.
GSBD's Return On Invested Capital of 4.69% is fine compared to the rest of the industry. GSBD outperforms 62.98% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GSBD is in line with the industry average of 7.14%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.93% | ||
| ROE | 9.15% | ||
| ROIC | 4.69% |
ROA(3y)2.95%
ROA(5y)3.91%
ROE(3y)6.63%
ROE(5y)8.54%
ROIC(3y)5.51%
ROIC(5y)4.92%
1.3 Margins
GSBD has a better Profit Margin (34.72%) than 80.85% of its industry peers.
In the last couple of years the Profit Margin of GSBD has declined.
GSBD has a Operating Margin of 51.12%. This is amongst the best in the industry. GSBD outperforms 89.36% of its industry peers.
In the last couple of years the Operating Margin of GSBD has remained more or less at the same level.
GSBD's Gross Margin of 53.81% is fine compared to the rest of the industry. GSBD outperforms 62.55% of its industry peers.
GSBD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 51.12% | ||
| PM (TTM) | 34.72% | ||
| GM | 53.81% |
OM growth 3Y-5.28%
OM growth 5Y1.45%
PM growth 3Y-36.09%
PM growth 5Y-10%
GM growth 3Y-4.71%
GM growth 5Y1.34%
2. Health
2.1 Basic Checks
The number of shares outstanding for GSBD has been increased compared to 1 year ago.
GSBD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for GSBD is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.45, we must say that GSBD is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.45, GSBD is doing worse than 62.13% of the companies in the same industry.
GSBD has a debt to FCF ratio of 5.00. This is a neutral value as GSBD would need 5.00 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.00, GSBD is in the better half of the industry, outperforming 70.64% of the companies in the same industry.
GSBD has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GSBD (1.27) is worse than 63.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 5 | ||
| Altman-Z | 0.45 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GSBD has a Current Ratio of 1.34. This is a normal value and indicates that GSBD is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.34, GSBD is doing good in the industry, outperforming 61.28% of the companies in the same industry.
GSBD has a Quick Ratio of 1.34. This is a normal value and indicates that GSBD is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.34, GSBD is in the better half of the industry, outperforming 65.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The earnings per share for GSBD have decreased strongly by -25.66% in the last year.
The Earnings Per Share has been growing slightly by 2.14% on average over the past years.
The Revenue for GSBD has decreased by -14.05% in the past year. This is quite bad
Measured over the past years, GSBD shows a very strong growth in Revenue. The Revenue has been growing by 24.15% on average per year.
EPS 1Y (TTM)-25.66%
EPS 3Y4.48%
EPS 5Y2.14%
EPS Q2Q%-31.03%
Revenue 1Y (TTM)-14.05%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-17.04%
3.2 Future
The Earnings Per Share is expected to decrease by -17.40% on average over the next years. This is quite bad
GSBD is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -10.41% yearly.
EPS Next Y-31.44%
EPS Next 2Y-22.43%
EPS Next 3Y-17.4%
EPS Next 5YN/A
Revenue Next Year-15.62%
Revenue Next 2Y-13.51%
Revenue Next 3Y-10.41%
Revenue Next 5YN/A
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 decreasing.
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
Based on the Price/Earnings ratio of 5.48, the valuation of GSBD can be described as very cheap.
92.34% of the companies in the same industry are more expensive than GSBD, based on the Price/Earnings ratio.
GSBD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.00.
Based on the Price/Forward Earnings ratio of 6.98, the valuation of GSBD can be described as very cheap.
89.36% of the companies in the same industry are more expensive than GSBD, based on the Price/Forward Earnings ratio.
GSBD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.48 | ||
| Fwd PE | 6.98 |
4.2 Price Multiples
90.64% of the companies in the same industry are more expensive than GSBD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.85 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of GSBD may justify a higher PE ratio.
A cheap valuation may be justified as GSBD's earnings are expected to decrease with -17.40% in the coming years.
PEG (NY)N/A
PEG (5Y)2.56
EPS Next 2Y-22.43%
EPS Next 3Y-17.4%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.79%, GSBD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.39, GSBD pays a better dividend. On top of this GSBD pays more dividend than 85.11% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, GSBD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.79% |
5.2 History
The dividend of GSBD has a limited annual growth rate of 0.10%.
GSBD has been paying a dividend for at least 10 years, so it has a reliable track record.
GSBD has decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.1%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
169.14% of the earnings are spent on dividend by GSBD. This is not a sustainable payout ratio.
The Dividend Rate of GSBD has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP169.14%
EPS Next 2Y-22.43%
EPS Next 3Y-17.4%
9.2
+0.24 (+2.68%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners33.64%
Inst Owner Change0%
Ins Owners0.15%
Ins Owner Change0.17%
Market Cap1.05B
Revenue(TTM)383.31M
Net Income(TTM)133.09M
Analysts46.67
Price Target10.26 (11.52%)
Short Float %1.5%
Short Ratio1.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.79% |
Yearly Dividend1.74
Dividend Growth(5Y)0.1%
DP169.14%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.51%
Min EPS beat(2)-5.68%
Max EPS beat(2)6.71%
EPS beat(4)1
Avg EPS beat(4)-2.02%
Min EPS beat(4)-5.68%
Max EPS beat(4)6.71%
EPS beat(8)3
Avg EPS beat(8)-0.17%
EPS beat(12)6
Avg EPS beat(12)1.63%
EPS beat(16)8
Avg EPS beat(16)2.43%
Revenue beat(2)0
Avg Revenue beat(2)-6.53%
Min Revenue beat(2)-11.03%
Max Revenue beat(2)-2.03%
Revenue beat(4)0
Avg Revenue beat(4)-5.55%
Min Revenue beat(4)-11.03%
Max Revenue beat(4)-2.03%
Revenue beat(8)1
Avg Revenue beat(8)-4.43%
Revenue beat(12)3
Avg Revenue beat(12)-3.98%
Revenue beat(16)4
Avg Revenue beat(16)-4.52%
PT rev (1m)-1.83%
PT rev (3m)-7.82%
EPS NQ rev (1m)0.57%
EPS NQ rev (3m)-2.22%
EPS NY rev (1m)1.52%
EPS NY rev (3m)-3.32%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)-3.75%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.48 | ||
| Fwd PE | 6.98 | ||
| P/S | 2.74 | ||
| P/FCF | 2.85 | ||
| P/OCF | 2.85 | ||
| P/B | 0.72 | ||
| P/tB | 0.72 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.68
EY18.26%
EPS(NY)1.32
Fwd EY14.32%
FCF(TTM)3.23
FCFY35.12%
OCF(TTM)3.23
OCFY35.12%
SpS3.36
BVpS12.75
TBVpS12.75
PEG (NY)N/A
PEG (5Y)2.56
Graham Number21.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.93% | ||
| ROE | 9.15% | ||
| ROCE | 5.94% | ||
| ROIC | 4.69% | ||
| ROICexc | 4.86% | ||
| ROICexgc | 4.86% | ||
| OM | 51.12% | ||
| PM (TTM) | 34.72% | ||
| GM | 53.81% | ||
| FCFM | 96.18% |
ROA(3y)2.95%
ROA(5y)3.91%
ROE(3y)6.63%
ROE(5y)8.54%
ROIC(3y)5.51%
ROIC(5y)4.92%
ROICexc(3y)5.59%
ROICexc(5y)4.99%
ROICexgc(3y)5.6%
ROICexgc(5y)4.99%
ROCE(3y)6.97%
ROCE(5y)6.23%
ROICexgc growth 3Y2.08%
ROICexgc growth 5Y5.75%
ROICexc growth 3Y2.1%
ROICexc growth 5Y5.76%
OM growth 3Y-5.28%
OM growth 5Y1.45%
PM growth 3Y-36.09%
PM growth 5Y-10%
GM growth 3Y-4.71%
GM growth 5Y1.34%
F-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 5 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.98 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 277.01% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | 0.45 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)69.08%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-25.66%
EPS 3Y4.48%
EPS 5Y2.14%
EPS Q2Q%-31.03%
EPS Next Y-31.44%
EPS Next 2Y-22.43%
EPS Next 3Y-17.4%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.05%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-17.04%
Revenue Next Year-15.62%
Revenue Next 2Y-13.51%
Revenue Next 3Y-10.41%
Revenue Next 5YN/A
EBIT growth 1Y-24%
EBIT growth 3Y2.08%
EBIT growth 5Y25.94%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y3.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.85%
OCF growth 3YN/A
OCF growth 5YN/A
GOLDMAN SACHS BDC INC / GSBD FAQ
What is the fundamental rating for GSBD stock?
ChartMill assigns a fundamental rating of 5 / 10 to GSBD.
What is the valuation status of GOLDMAN SACHS BDC INC (GSBD) stock?
ChartMill assigns a valuation rating of 7 / 10 to GOLDMAN SACHS BDC INC (GSBD). This can be considered as Undervalued.
How profitable is GOLDMAN SACHS BDC INC (GSBD) stock?
GOLDMAN SACHS BDC INC (GSBD) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for GSBD stock?
The Price/Earnings (PE) ratio for GOLDMAN SACHS BDC INC (GSBD) is 5.48 and the Price/Book (PB) ratio is 0.72.
How financially healthy is GOLDMAN SACHS BDC INC?
The financial health rating of GOLDMAN SACHS BDC INC (GSBD) is 3 / 10.