GOLDMAN SACHS BDC INC (GSBD)
US38147U1079 - Common Stock
Overall GSBD gets a fundamental rating of 4 out of 10. We evaluated GSBD against 219 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 has a valuation in line with the averages, 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.
The reported operating cash flow has been mixed in the past 5 years: GSBD reported negative operating cash flow in multiple years.
1.2 Ratios
GSBD has a Return On Assets of 2.14%. This is comparable to the rest of the industry: GSBD outperforms 49.07% of its industry peers.
GSBD's Return On Equity of 4.78% is on the low side compared to the rest of the industry. GSBD is outperformed by 64.95% of its industry peers.
GSBD has a better Return On Invested Capital (5.87%) than 69.63% of its industry peers.
GSBD had an Average Return On Invested Capital over the past 3 years of 5.41%. This is in line with the industry average of 6.63%.
The 3 year average ROIC (5.41%) for GSBD is below the current ROIC(5.87%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.14% | ||
| ROE | 4.78% | ||
| ROIC | 5.87% |
ROA(3y)4.17%
ROA(5y)4.05%
ROE(3y)9.27%
ROE(5y)8.81%
ROIC(3y)5.41%
ROIC(5y)4.65%
1.3 Margins
GSBD has a Profit Margin of 17.01%. This is comparable to the rest of the industry: GSBD outperforms 53.74% of its industry peers.
In the last couple of years the Profit Margin of GSBD has grown nicely.
With an excellent Operating Margin value of 57.81%, GSBD belongs to the best of the industry, outperforming 92.06% of the companies in the same industry.
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 (60.17%) than 61.68% of its industry peers.
GSBD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 57.81% | ||
| PM (TTM) | 17.01% | ||
| GM | 60.17% |
OM growth 3Y-5.07%
OM growth 5Y-0.75%
PM growth 3Y-24.93%
PM growth 5Y3.3%
GM growth 3Y-5.2%
GM growth 5Y-0.84%
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.
GSBD has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.66, we must say that GSBD is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.66, GSBD is not doing good in the industry: 61.22% of the companies in the same industry are doing better.
GSBD has a debt to FCF ratio of 26.07. This is a negative value and a sign of low solvency as GSBD would need 26.07 years to pay back of all of its debts.
The Debt to FCF ratio of GSBD (26.07) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.19 is on the high side and indicates that GSBD has dependencies on debt financing.
GSBD has a Debt to Equity ratio of 1.19. This is comparable to the rest of the industry: GSBD outperforms 41.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 26.07 | ||
| Altman-Z | 0.66 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GSBD has a Current Ratio of 0.68. This is a bad value and indicates that GSBD is not financially healthy enough and could expect problems in meeting its short term obligations.
GSBD has a worse Current ratio (0.68) than 66.36% of its industry peers.
GSBD has a Quick Ratio of 0.68. This is a bad value and indicates that GSBD is not financially healthy enough and could expect problems in meeting its short term obligations.
GSBD has a Quick ratio of 0.68. This is in the lower half of the industry: GSBD underperforms 65.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The earnings per share for GSBD have decreased by -2.16% 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 1.41% on average per year.
Looking at the last year, GSBD shows a decrease in Revenue. The Revenue has decreased by -0.03% in the last year.
GSBD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.40% yearly.
EPS 1Y (TTM)-2.16%
EPS 3Y6.65%
EPS 5Y1.41%
EPS Q2Q%-9.38%
Revenue 1Y (TTM)-0.03%
Revenue growth 3Y38.03%
Revenue growth 5Y25.4%
Sales Q2Q%-8.03%
3.2 Future
GSBD is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.72% yearly.
The Revenue is expected to decrease by -6.19% on average over the next years.
EPS Next Y0.74%
EPS Next 2Y-9.88%
EPS Next 3Y-14.72%
EPS Next 5YN/A
Revenue Next Year-3.14%
Revenue Next 2Y-5.52%
Revenue Next 3Y-6.19%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
GSBD is valuated cheaply with a Price/Earnings ratio of 5.40.
Based on the Price/Earnings ratio, GSBD is valued cheaply inside the industry as 92.06% of the companies are valued more expensively.
GSBD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
Based on the Price/Forward Earnings ratio of 6.77, the valuation of GSBD can be described as very cheap.
Based on the Price/Forward Earnings ratio, GSBD is valued cheaply inside the industry as 92.06% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of GSBD to the average of the S&P500 Index (23.69), we can say GSBD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.4 | ||
| Fwd PE | 6.77 |
4.2 Price Multiples
GSBD's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.86 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GSBD does not grow enough to justify the current Price/Earnings ratio.
GSBD has a very decent profitability rating, which may justify a higher PE ratio.
GSBD's earnings are expected to decrease with -14.72% in the coming years. This may justify a cheaper valuation.
PEG (NY)7.34
PEG (5Y)3.83
EPS Next 2Y-9.88%
EPS Next 3Y-14.72%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 14.77%, GSBD is a good candidate for dividend investing.
GSBD's Dividend Yield is rather good when compared to the industry average which is at 9.65. GSBD pays more dividend than 88.32% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, GSBD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.77% |
5.2 History
The dividend of GSBD has a limited annual growth rate of 0.50%.
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)0.5%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
GSBD pays out 258.45% 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.
DP258.45%
EPS Next 2Y-9.88%
EPS Next 3Y-14.72%
GOLDMAN SACHS BDC INC
NYSE:GSBD (1/3/2025, 8:04:00 PM)
After market: 12.25 +0.04 (+0.33%)12.21
+0.02 (+0.16%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners31.1%
Inst Owner Change-3.51%
Ins Owners0.12%
Ins Owner Change-0.02%
Market Cap1.43B
Analysts46.67
Price Target12.92 (5.81%)
Short Float %1.09%
Short Ratio1.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.77% |
Dividend Growth(5Y)0.5%
DP258.45%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.11%
Min EPS beat(2)3.39%
Max EPS beat(2)8.83%
EPS beat(4)2
Avg EPS beat(4)1.68%
Min EPS beat(4)-4.43%
Max EPS beat(4)8.83%
EPS beat(8)5
Avg EPS beat(8)3.46%
EPS beat(12)7
Avg EPS beat(12)3.92%
EPS beat(16)8
Avg EPS beat(16)2.57%
Revenue beat(2)0
Avg Revenue beat(2)-5.89%
Min Revenue beat(2)-6.09%
Max Revenue beat(2)-5.69%
Revenue beat(4)1
Avg Revenue beat(4)-3.31%
Min Revenue beat(4)-6.09%
Max Revenue beat(4)2.84%
Revenue beat(8)3
Avg Revenue beat(8)-3.2%
Revenue beat(12)4
Avg Revenue beat(12)-4.17%
Revenue beat(16)8
Avg Revenue beat(16)-0.12%
PT rev (1m)-1.3%
PT rev (3m)-3.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.24%
EPS NY rev (1m)0%
EPS NY rev (3m)1.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.4 | ||
| Fwd PE | 6.77 | ||
| P/S | 3.21 | ||
| P/FCF | 19.86 | ||
| P/OCF | 19.86 | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.26
EY18.51%
EPS(NY)1.8
Fwd EY14.77%
FCF(TTM)0.61
FCFY5.04%
OCF(TTM)0.61
OCFY5.04%
SpS3.8
BVpS13.52
TBVpS13.52
PEG (NY)7.34
PEG (5Y)3.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.14% | ||
| ROE | 4.78% | ||
| ROCE | 7.43% | ||
| ROIC | 5.87% | ||
| ROICexc | 5.96% | ||
| ROICexgc | 5.97% | ||
| OM | 57.81% | ||
| PM (TTM) | 17.01% | ||
| GM | 60.17% | ||
| FCFM | 16.17% |
ROA(3y)4.17%
ROA(5y)4.05%
ROE(3y)9.27%
ROE(5y)8.81%
ROIC(3y)5.41%
ROIC(5y)4.65%
ROICexc(3y)5.48%
ROICexc(5y)4.7%
ROICexgc(3y)5.48%
ROICexgc(5y)4.71%
ROCE(3y)6.85%
ROCE(5y)5.89%
ROICexcg growth 3Y28.85%
ROICexcg growth 5Y3.82%
ROICexc growth 3Y28.84%
ROICexc growth 5Y3.8%
OM growth 3Y-5.07%
OM growth 5Y-0.75%
PM growth 3Y-24.93%
PM growth 5Y3.3%
GM growth 3Y-5.2%
GM growth 5Y-0.84%
F-Score4
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 26.07 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.55 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 95.06% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 0.66 |
F-Score4
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)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.16%
EPS 3Y6.65%
EPS 5Y1.41%
EPS Q2Q%-9.38%
EPS Next Y0.74%
EPS Next 2Y-9.88%
EPS Next 3Y-14.72%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.03%
Revenue growth 3Y38.03%
Revenue growth 5Y25.4%
Sales Q2Q%-8.03%
Revenue Next Year-3.14%
Revenue Next 2Y-5.52%
Revenue Next 3Y-6.19%
Revenue Next 5YN/A
EBIT growth 1Y1.9%
EBIT growth 3Y31.03%
EBIT growth 5Y24.46%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y116.51%
FCF growth 3Y21.95%
FCF growth 5YN/A
OCF growth 1Y116.51%
OCF growth 3Y21.95%
OCF growth 5YN/A