GOLDMAN SACHS BDC INC (GSBD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GSBD - US38147U1079 - Common Stock
9.41 USD
+0.01 (+0.11%)
9.44 USD
+0.03 (+0.32%)
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 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.
- 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
- With a Return On Assets value of 3.93%, GSBD perfoms like the industry average, outperforming 59.92% of the companies in the same industry.
- With a Return On Equity value of 9.15%, GSBD perfoms like the industry average, outperforming 54.01% of the companies in the same industry.
- The Return On Invested Capital of GSBD (4.69%) is better than 62.87% 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 7.27%.
| 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's Profit Margin of 34.72% is amongst the best of the industry. GSBD outperforms 80.17% of its industry peers.
- GSBD's Profit Margin has declined in the last couple of years.
- The Operating Margin of GSBD (51.12%) is better than 89.45% of its industry peers.
- In the last couple of years the Operating Margin of GSBD has remained more or less at the same level.
- The Gross Margin of GSBD (53.81%) is better than 62.45% 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.
- 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 0.46, 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 0.46, GSBD is doing worse than 62.45% of the companies in the same industry.
- The Debt to FCF ratio of GSBD is 5.00, which is a neutral value as it means it would take GSBD, 5.00 years of fcf income to pay off 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.
- A Debt/Equity ratio of 1.27 is on the high side and indicates that GSBD has dependencies on debt financing.
- With a Debt to Equity ratio value of 1.27, GSBD is not doing good in the industry: 63.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 5 | ||
| Altman-Z | 0.46 |
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 64.14% 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 64.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 |
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%.
- GSBD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.14% yearly.
- GSBD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.05%.
- 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.
- The Revenue is expected to decrease by -10.41% on average over the next years. This is quite bad
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 5.60, the valuation of GSBD can be described as very cheap.
- 89.45% of the companies in the same industry are more expensive than GSBD, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of GSBD to the average of the S&P500 Index (27.21), we can say GSBD is valued rather cheaply.
- GSBD is valuated cheaply with a Price/Forward Earnings ratio of 7.14.
- Based on the Price/Forward Earnings ratio, GSBD is valued cheaper than 88.61% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of GSBD to the average of the S&P500 Index (25.98), we can say GSBD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.6 | ||
| Fwd PE | 7.14 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, GSBD is valued cheaper than 90.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.91 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- GSBD has a very decent profitability rating, which 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)2.62
EPS Next 2Y-22.43%
EPS Next 3Y-17.4%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 13.62%, GSBD is a good candidate for dividend investing.
- 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.
- Compared to an average S&P500 Dividend Yield of 1.81, GSBD pays a better dividend.
| 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.
- 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
- 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 5.6 and the Price/Book (PB) ratio is 0.74.
How financially healthy is GOLDMAN SACHS BDC INC?
The financial health rating of GOLDMAN SACHS BDC INC (GSBD) is 3 / 10.