GOLDMAN SACHS BDC INC (GSBD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GSBD - US38147U1079 - Common Stock
9.34 USD
-0.05 (-0.53%)
9.34 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to GSBD. GSBD was compared to 237 industry peers in the Capital Markets industry. While GSBD is still in line with the averages on profitability rating, there are concerns on its financial health. GSBD is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year GSBD was profitable.
- GSBD had a positive operating cash flow in the past year.
- GSBD had positive earnings in each of the past 5 years.
- GSBD had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- GSBD has a Return On Assets (3.93%) which is comparable to the rest of the industry.
- GSBD has a Return On Equity of 9.15%. This is comparable to the rest of the industry: GSBD outperforms 54.01% of its industry peers.
- GSBD has a Return On Invested Capital of 4.69%. This is in the better half of the industry: GSBD outperforms 62.87% 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 7.27%.
| 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 80.17% of its industry peers.
- In the last couple of years the Profit Margin of GSBD has declined.
- Looking at the Operating Margin, with a value of 51.12%, GSBD belongs to the top of the industry, outperforming 89.45% of the companies in the same industry.
- GSBD's Operating Margin has been stable in the last couple of years.
- With a decent Gross Margin value of 53.81%, GSBD is doing good in the industry, outperforming 62.45% of the companies in the same industry.
- In the last couple of years the Gross Margin of GSBD has remained more or less at the same level.
| 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.
- Compared to 5 years ago, GSBD has more shares outstanding
- Compared to 1 year ago, GSBD has a worse debt to assets ratio.
2.2 Solvency
- GSBD has an Altman-Z score of 0.46. This is a bad value and indicates that GSBD is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.46, GSBD is doing worse than 62.45% 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 70.89% 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.
- GSBD has a worse Debt to Equity ratio (1.27) than 63.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 5 | ||
| Altman-Z | 0.46 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 1.34 indicates that GSBD should not have too much problems paying its short term obligations.
- The Current ratio of GSBD (1.34) is better than 64.14% of its industry peers.
- A Quick Ratio of 1.34 indicates that GSBD should not have too much problems paying its short term obligations.
- GSBD has a Quick ratio of 1.34. This is in the better half of the industry: GSBD outperforms 64.56% of its industry peers.
| 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.
- 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 very negative growth in Revenue. The Revenue has decreased by -14.05% 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)-14.05%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-17.04%
3.2 Future
- Based on estimates for the next years, GSBD will show a very negative growth in Earnings Per Share. The EPS will decrease by -17.40% on average per year.
- 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 5.56, the valuation of GSBD can be described as very cheap.
- Based on the Price/Earnings ratio, GSBD is valued cheaply inside the industry as 89.45% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 28.82, GSBD is valued rather cheaply.
- A Price/Forward Earnings ratio of 7.09 indicates a rather cheap valuation of GSBD.
- 88.61% of the companies in the same industry are more expensive than GSBD, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of GSBD to the average of the S&P500 Index (25.95), we can say GSBD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.56 | ||
| Fwd PE | 7.09 |
4.2 Price Multiples
- 90.30% 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 | 2.89 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- GSBD has a very decent profitability rating, which may justify a higher PE ratio.
- GSBD's earnings are expected to decrease with -17.40% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.6
EPS Next 2Y-22.43%
EPS Next 3Y-17.4%
5. Dividend
5.1 Amount
- GSBD has a Yearly Dividend Yield of 13.62%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.87, GSBD pays a better dividend. On top of this GSBD pays more dividend than 87.34% of the companies listed in the same industry.
- GSBD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.62% |
5.2 History
- The dividend of GSBD has a limited annual growth rate of 0.10%.
- GSBD has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of GSBD decreased in the last 3 years.
Dividend Growth(5Y)0.1%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
- GSBD pays out 169.14% of its income as dividend. This is not a sustainable payout ratio.
- GSBD's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP169.14%
EPS Next 2Y-22.43%
EPS Next 3Y-17.4%
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 5.56 and the Price/Book (PB) ratio is 0.73.
How financially healthy is GOLDMAN SACHS BDC INC?
The financial health rating of GOLDMAN SACHS BDC INC (GSBD) is 3 / 10.