GOLDMAN SACHS BDC INC (GSBD) Stock Fundamental Analysis
NYSE:GSBD - New York Stock Exchange, Inc. - US38147U1079 - Common Stock - Currency: USD
Taking everything into account, GSBD scores 4 out of 10 in our fundamental rating. GSBD was compared to 233 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
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 of 1.48%. This is comparable to the rest of the industry: GSBD outperforms 42.92% of its industry peers.
The Return On Equity of GSBD (3.36%) is worse than 66.95% of its industry peers.
GSBD's Return On Invested Capital of 5.58% is fine compared to the rest of the industry. GSBD outperforms 67.38% of its industry peers.
GSBD had an Average Return On Invested Capital over the past 3 years of 5.51%. This is below the industry average of 7.84%.
The 3 year average ROIC (5.51%) for GSBD is below the current ROIC(5.58%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.48% | ||
| ROE | 3.36% | ||
| ROIC | 5.58% |
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 Profit Margin of 12.38%. This is comparable to the rest of the industry: GSBD outperforms 45.92% of its industry peers.
GSBD's Profit Margin has declined in the last couple of years.
GSBD's Operating Margin of 57.49% is amongst the best of the industry. GSBD outperforms 90.99% 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 (60.08%) than 66.95% of its industry peers.
GSBD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 57.49% | ||
| PM (TTM) | 12.38% | ||
| GM | 60.08% |
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
Compared to 1 year ago, GSBD has more shares outstanding
Compared to 5 years ago, GSBD has more shares outstanding
The debt/assets ratio for GSBD is higher compared to a year ago.
2.2 Solvency
GSBD has an Altman-Z score of 0.61. 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 0.61, GSBD is doing worse than 63.52% of the companies in the same industry.
GSBD has a debt to FCF ratio of 14.47. This is a negative value and a sign of low solvency as GSBD would need 14.47 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 14.47, GSBD is in line with its industry, outperforming 50.21% of the companies in the same industry.
GSBD has a Debt/Equity ratio of 1.21. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GSBD (1.21) is worse than 60.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 14.47 | ||
| Altman-Z | 0.61 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GSBD has a Current Ratio of 0.98. 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 Current ratio (0.98) which is comparable to the rest of the industry.
GSBD has a Quick Ratio of 0.98. 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 (0.98) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
GSBD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.21%.
GSBD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.14% yearly.
Looking at the last year, GSBD shows a decrease in Revenue. The Revenue has decreased by -8.57% in the last year.
GSBD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.15% yearly.
EPS 1Y (TTM)-11.21%
EPS 3Y4.48%
EPS 5Y2.14%
EPS Q2Q%-23.64%
Revenue 1Y (TTM)-8.57%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-13.09%
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 -14.33% on average per year.
The Revenue is expected to decrease by -6.84% on average over the next years.
EPS Next Y-26.06%
EPS Next 2Y-19.11%
EPS Next 3Y-14.33%
EPS Next 5YN/A
Revenue Next Year-12.93%
Revenue Next 2Y-8.26%
Revenue Next 3Y-6.84%
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
With a Price/Earnings ratio of 5.73, the valuation of GSBD can be described as very cheap.
Based on the Price/Earnings ratio, GSBD is valued cheaper than 93.13% of the companies in the same industry.
When comparing the Price/Earnings ratio of GSBD to the average of the S&P500 Index (27.30), we can say GSBD is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.23, the valuation of GSBD can be described as reasonable.
GSBD's Price/Forward Earnings ratio is rather cheap when compared to the industry. GSBD is cheaper than 87.12% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of GSBD to the average of the S&P500 Index (21.76), we can say GSBD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.73 | ||
| Fwd PE | 8.23 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, GSBD is valued a bit cheaper than 75.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.71 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
GSBD's earnings are expected to decrease with -14.33% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.68
EPS Next 2Y-19.11%
EPS Next 3Y-14.33%
5. Dividend
5.1 Amount
GSBD has a Yearly Dividend Yield of 11.09%, which is a nice return.
Compared to an average industry Dividend Yield of 8.10, GSBD pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, GSBD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.09% |
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 390.48% 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.
DP390.48%
EPS Next 2Y-19.11%
EPS Next 3Y-14.33%
11.8
+0.08 (+0.68%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners31.18%
Inst Owner Change-0.1%
Ins Owners0.11%
Ins Owner Change0%
Market Cap1.38B
Analysts46.67
Price Target11.31 (-4.15%)
Short Float %1.91%
Short Ratio3.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.09% |
Yearly Dividend1.74
Dividend Growth(5Y)0.1%
DP390.48%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.55%
Min EPS beat(2)-5.41%
Max EPS beat(2)-3.68%
EPS beat(4)2
Avg EPS beat(4)0.78%
Min EPS beat(4)-5.41%
Max EPS beat(4)8.83%
EPS beat(8)4
Avg EPS beat(8)1.47%
EPS beat(12)6
Avg EPS beat(12)2.95%
EPS beat(16)7
Avg EPS beat(16)1.95%
Revenue beat(2)0
Avg Revenue beat(2)-4.58%
Min Revenue beat(2)-6.82%
Max Revenue beat(2)-2.33%
Revenue beat(4)0
Avg Revenue beat(4)-5.23%
Min Revenue beat(4)-6.82%
Max Revenue beat(4)-2.33%
Revenue beat(8)2
Avg Revenue beat(8)-2.68%
Revenue beat(12)4
Avg Revenue beat(12)-2.91%
Revenue beat(16)6
Avg Revenue beat(16)-2.92%
PT rev (1m)-5%
PT rev (3m)-10.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.39%
EPS NY rev (1m)-0.78%
EPS NY rev (3m)-3.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.73 | ||
| Fwd PE | 8.23 | ||
| P/S | 3.3 | ||
| P/FCF | 10.71 | ||
| P/OCF | 10.71 | ||
| P/B | 0.89 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.06
EY17.46%
EPS(NY)1.43
Fwd EY12.14%
FCF(TTM)1.1
FCFY9.34%
OCF(TTM)1.1
OCFY9.34%
SpS3.58
BVpS13.2
TBVpS13.2
PEG (NY)N/A
PEG (5Y)2.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.48% | ||
| ROE | 3.36% | ||
| ROCE | 7.06% | ||
| ROIC | 5.58% | ||
| ROICexc | 5.71% | ||
| ROICexgc | 5.72% | ||
| OM | 57.49% | ||
| PM (TTM) | 12.38% | ||
| GM | 60.08% | ||
| FCFM | 30.8% |
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%
ROICexcg growth 3Y2.08%
ROICexcg 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-Score5
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 14.47 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.33 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 248.79% | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 0.61 |
F-Score5
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)-11.21%
EPS 3Y4.48%
EPS 5Y2.14%
EPS Q2Q%-23.64%
EPS Next Y-26.06%
EPS Next 2Y-19.11%
EPS Next 3Y-14.33%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.57%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-13.09%
Revenue Next Year-12.93%
Revenue Next 2Y-8.26%
Revenue Next 3Y-6.84%
Revenue Next 5YN/A
EBIT growth 1Y-7.21%
EBIT growth 3Y2.08%
EBIT growth 5Y25.94%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y533.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y533.77%
OCF growth 3YN/A
OCF growth 5YN/A