GOLDMAN SACHS BDC INC (GSBD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GSBD - US38147U1079 - Common Stock
9.92 USD
+0.14 (+1.43%)
9.94 USD
+0.02 (+0.2%)
GSBD gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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 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.
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
The Return On Assets of GSBD (3.93%) is better than 62.45% of its industry peers.
GSBD has a Return On Equity (9.15%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 4.69%, GSBD is in the better half of the industry, outperforming 63.71% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GSBD is in line with the industry average of 6.96%.
| 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
With a decent Profit Margin value of 34.72%, GSBD is doing good in the industry, outperforming 78.90% of the companies in the same industry.
In the last couple of years the Profit Margin of GSBD has declined.
GSBD has a better Operating Margin (51.12%) than 89.03% of its industry peers.
In the last couple of years the Operating Margin of GSBD has remained more or less at the same level.
With a decent Gross Margin value of 53.81%, GSBD is doing good in the industry, outperforming 65.40% 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
GSBD has more shares outstanding than it did 1 year ago.
The number of shares outstanding for GSBD has been increased compared to 5 years ago.
Compared to 1 year ago, GSBD has a worse debt to assets ratio.
2.2 Solvency
GSBD has an Altman-Z score of 0.48. 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 0.48, GSBD is doing worse than 64.13% 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.
GSBD's Debt to FCF ratio of 5.00 is fine compared to the rest of the industry. GSBD outperforms 70.89% of its industry peers.
GSBD has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external 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 | 0.48 |
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.
GSBD has a better Current ratio (1.34) than 63.71% of its industry peers.
A Quick Ratio of 1.34 indicates that GSBD should not have too much problems paying 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 64.14% 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.
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.
GSBD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.05%.
GSBD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.15% yearly.
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 -16.50% on average over the next years. This is quite bad
Based on estimates for the next years, GSBD will show a very negative growth in Revenue. The Revenue will decrease by -10.39% on average per year.
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
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
Based on the Price/Earnings ratio of 5.90, the valuation of GSBD can be described as very cheap.
90.30% 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 (26.15), we can say GSBD is valued rather cheaply.
A Price/Forward Earnings ratio of 7.37 indicates a rather cheap valuation of GSBD.
Based on the Price/Forward Earnings ratio, GSBD is valued cheaper than 87.34% of the companies in the same industry.
GSBD is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.9 | ||
| Fwd PE | 7.37 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GSBD indicates a rather cheap valuation: GSBD is cheaper than 87.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.07 | ||
| 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 -16.50% in the coming years.
PEG (NY)N/A
PEG (5Y)2.76
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.53%, GSBD is a good candidate for dividend investing.
GSBD's Dividend Yield is rather good when compared to the industry average which is at 8.60. GSBD pays more dividend than 81.86% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, GSBD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.53% |
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.
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-21.59%
EPS Next 3Y-16.5%
9.92
+0.14 (+1.43%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners33.43%
Inst Owner Change-22.18%
Ins Owners0.14%
Ins Owner Change0.17%
Market Cap1.13B
Revenue(TTM)383.31M
Net Income(TTM)133.09M
Analysts46.67
Price Target10.46 (5.44%)
Short Float %2.44%
Short Ratio2.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.53% |
Yearly Dividend1.74
Dividend Growth(5Y)0.1%
DP169.14%
Div Incr Years0
Div Non Decr Years2
Ex-Date
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)-6.11%
PT rev (3m)-6.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.04%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.14%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)-0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.9 | ||
| Fwd PE | 7.37 | ||
| P/S | 2.95 | ||
| P/FCF | 3.07 | ||
| P/OCF | 3.07 | ||
| P/B | 0.78 | ||
| P/tB | 0.78 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.68
EY16.94%
EPS(NY)1.35
Fwd EY13.57%
FCF(TTM)3.23
FCFY32.57%
OCF(TTM)3.23
OCFY32.57%
SpS3.36
BVpS12.75
TBVpS12.75
PEG (NY)N/A
PEG (5Y)2.76
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 | 0.48 |
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-29.09%
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.05%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-17.04%
Revenue Next Year-15.65%
Revenue Next 2Y-11.29%
Revenue Next 3Y-10.39%
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.
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 5.9 and the Price/Book (PB) ratio is 0.78.
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 169.14%.