GOLDMAN SACHS BDC INC (GSBD) Stock Fundamental Analysis
USA - NYSE:GSBD - US38147U1079 - Common Stock
9.46 USD
-0.05 (-0.53%)
9.4786 USD
+0.02 (+0.2%)
We assign a fundamental rating of 5 out of 10 to GSBD. GSBD was compared to 237 industry peers in the Capital Markets industry. GSBD has a medium profitability rating, but doesn't score so well on its financial health evaluation. GSBD is cheap, but on the other hand it scores bad on growth.
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.
Of the past 5 years GSBD 4 years had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.27%, GSBD is doing good in the industry, outperforming 65.40% of the companies in the same industry.
GSBD has a Return On Equity of 9.61%. This is comparable to the rest of the industry: GSBD outperforms 56.96% of its industry peers.
The Return On Invested Capital of GSBD (5.22%) is better than 66.67% of its industry peers.
GSBD had an Average Return On Invested Capital over the past 3 years of 5.51%. This is in line with the industry average of 7.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.27% | ||
| ROE | 9.61% | ||
| ROIC | 5.22% |
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
Looking at the Profit Margin, with a value of 36.18%, GSBD belongs to the top of the industry, outperforming 80.59% of the companies in the same industry.
GSBD's Profit Margin has declined in the last couple of years.
GSBD's Operating Margin of 54.41% is amongst the best of the industry. GSBD outperforms 92.41% 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 has a better Gross Margin (57.09%) than 67.93% of its industry peers.
GSBD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.41% | ||
| PM (TTM) | 36.18% | ||
| GM | 57.09% |
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
GSBD has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, GSBD has more shares outstanding
GSBD has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.50, 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 0.50, GSBD is doing worse than 62.45% of the companies in the same industry.
GSBD has a debt to FCF ratio of 4.23. This is a neutral value as GSBD would need 4.23 years to pay back of all of its debts.
GSBD's Debt to FCF ratio of 4.23 is fine compared to the rest of the industry. GSBD outperforms 74.26% of its industry peers.
GSBD has a Debt/Equity ratio of 1.19. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.19, GSBD perfoms like the industry average, outperforming 40.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.23 | ||
| Altman-Z | 0.5 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.12 indicates that GSBD should not have too much problems paying its short term obligations.
GSBD has a Current ratio (1.12) which is comparable to the rest of the industry.
GSBD has a Quick Ratio of 1.12. 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 1.12, GSBD is in line with its industry, outperforming 53.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.12 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
GSBD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.66%.
Measured over the past 5 years, GSBD shows a small growth in Earnings Per Share. The EPS has been growing by 2.14% on average per year.
Looking at the last year, GSBD shows a decrease in Revenue. The Revenue has decreased by -4.52% in the last year.
The Revenue has been growing by 24.15% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-25.66%
EPS 3Y4.48%
EPS 5Y2.14%
EPS Q2Q%-31.03%
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-17.04%
3.2 Future
The Earnings Per Share is expected to decrease by -16.50% on average over the next years. This is quite bad
The Revenue is expected to decrease by -10.39% on average over the next years. This is quite bad
EPS Next Y-29.09%
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
EPS Next 5YN/A
Revenue Next Year-15.65%
Revenue Next 2Y-11.29%
Revenue Next 3Y-10.39%
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 5.63, the valuation of GSBD can be described as very cheap.
GSBD's Price/Earnings ratio is rather cheap when compared to the industry. GSBD is cheaper than 90.72% of the companies in the same industry.
GSBD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.07.
Based on the Price/Forward Earnings ratio of 7.03, the valuation of GSBD can be described as very cheap.
86.92% of the companies in the same industry are more expensive than GSBD, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 34.08. GSBD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.63 | ||
| Fwd PE | 7.03 |
4.2 Price Multiples
GSBD's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GSBD is cheaper than 90.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.54 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of GSBD may justify a higher PE ratio.
GSBD's earnings are expected to decrease with -16.50% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.63
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.05%, GSBD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.50, GSBD pays a bit more dividend than its industry peers.
GSBD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.05% |
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
148.78% 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.
DP148.78%
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
9.46
-0.05 (-0.53%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners33.43%
Inst Owner Change-22.29%
Ins Owners0.14%
Ins Owner Change33.33%
Market Cap1.08B
Revenue(TTM)434.37M
Net Income(TTM)145.47M
Analysts46.67
Price Target11.14 (17.76%)
Short Float %2.44%
Short Ratio2.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.05% |
Yearly Dividend1.74
Dividend Growth(5Y)0.1%
DP148.78%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.68%
Min EPS beat(2)-5.68%
Max EPS beat(2)-3.68%
EPS beat(4)1
Avg EPS beat(4)-2.85%
Min EPS beat(4)-5.68%
Max EPS beat(4)3.39%
EPS beat(8)3
Avg EPS beat(8)0.29%
EPS beat(12)6
Avg EPS beat(12)2.69%
EPS beat(16)7
Avg EPS beat(16)1.92%
Revenue beat(2)0
Avg Revenue beat(2)-8.93%
Min Revenue beat(2)-11.03%
Max Revenue beat(2)-6.82%
Revenue beat(4)0
Avg Revenue beat(4)-6.57%
Min Revenue beat(4)-11.03%
Max Revenue beat(4)-2.33%
Revenue beat(8)2
Avg Revenue beat(8)-3.48%
Revenue beat(12)4
Avg Revenue beat(12)-2.94%
Revenue beat(16)5
Avg Revenue beat(16)-3.79%
PT rev (1m)0%
PT rev (3m)-1.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.55%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.63 | ||
| Fwd PE | 7.03 | ||
| P/S | 2.68 | ||
| P/FCF | 2.54 | ||
| P/OCF | 2.54 | ||
| P/B | 0.71 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.68
EY17.76%
EPS(NY)1.35
Fwd EY14.23%
FCF(TTM)3.73
FCFY39.42%
OCF(TTM)3.73
OCFY39.42%
SpS3.52
BVpS13.26
TBVpS13.26
PEG (NY)N/A
PEG (5Y)2.63
Graham Number22.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.27% | ||
| ROE | 9.61% | ||
| ROCE | 6.6% | ||
| ROIC | 5.22% | ||
| ROICexc | 5.39% | ||
| ROICexgc | 5.39% | ||
| OM | 54.41% | ||
| PM (TTM) | 36.18% | ||
| GM | 57.09% | ||
| FCFM | 105.82% |
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-Score7
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.23 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.09 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 292.51% | ||
| Current Ratio | 1.12 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 0.5 |
F-Score7
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-29.09%
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-17.04%
Revenue Next Year-15.65%
Revenue Next 2Y-11.29%
Revenue Next 3Y-10.39%
Revenue Next 5YN/A
EBIT growth 1Y-16.65%
EBIT growth 3Y2.08%
EBIT growth 5Y25.94%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y201.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y201.57%
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.
Can you provide the valuation status for GOLDMAN SACHS BDC INC?
ChartMill assigns a valuation rating of 7 / 10 to GOLDMAN SACHS BDC INC (GSBD). This can be considered as Undervalued.
Can you provide the profitability details for GOLDMAN SACHS BDC INC?
GOLDMAN SACHS BDC INC (GSBD) has a profitability rating of 6 / 10.
What are the PE and PB ratios of GOLDMAN SACHS BDC INC (GSBD) stock?
The Price/Earnings (PE) ratio for GOLDMAN SACHS BDC INC (GSBD) is 5.63 and the Price/Book (PB) ratio is 0.71.
How sustainable is the dividend of GOLDMAN SACHS BDC INC (GSBD) stock?
The dividend rating of GOLDMAN SACHS BDC INC (GSBD) is 5 / 10 and the dividend payout ratio is 148.78%.