GOLDMAN SACHS GROUP INC (GOS.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:GOS - US38141G1040 - Common Stock
777.8 EUR
-2.4 (-0.31%)
Overall GOS gets a fundamental rating of 4 out of 10. We evaluated GOS against 118 industry peers in the Capital Markets industry. GOS has a medium profitability rating, but doesn't score so well on its financial health evaluation. GOS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- GOS had positive earnings in the past year.
- In the past year GOS had a positive cash flow from operations.
- Each year in the past 5 years GOS has been profitable.
- In multiple years GOS reported negative operating cash flow during the last 5 years.
1.2 Ratios
- The Return On Assets of GOS (0.88%) is comparable to the rest of the industry.
- With a decent Return On Equity value of 12.73%, GOS is doing good in the industry, outperforming 67.80% of the companies in the same industry.
- GOS has a Return On Invested Capital (1.15%) which is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for GOS is significantly below the industry average of 8.65%.
- The last Return On Invested Capital (1.15%) for GOS is above the 3 year average (0.96%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 12.73% | ||
| ROIC | 1.15% |
ROA(3y)0.73%
ROA(5y)0.88%
ROE(3y)10.3%
ROE(5y)11.86%
ROIC(3y)0.96%
ROIC(5y)1.13%
1.3 Margins
- Looking at the Profit Margin, with a value of 12.45%, GOS is in line with its industry, outperforming 50.85% of the companies in the same industry.
- In the last couple of years the Profit Margin of GOS has declined.
- GOS has a Operating Margin (16.70%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of GOS has declined.
- GOS has a Gross Margin (40.13%) which is in line with its industry peers.
- GOS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.7% | ||
| PM (TTM) | 12.45% | ||
| GM | 40.13% |
OM growth 3Y-3.81%
OM growth 5Y-8.77%
PM growth 3Y-5.96%
PM growth 5Y-3.81%
GM growth 3Y-13.08%
GM growth 5Y-12.14%
2. Health
2.1 Basic Checks
- The number of shares outstanding for GOS has been reduced compared to 1 year ago.
- Compared to 5 years ago, GOS has less shares outstanding
- Compared to 1 year ago, GOS has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of -0.19, we must say that GOS is in the distress zone and has some risk of bankruptcy.
- GOS has a Altman-Z score (-0.19) which is in line with its industry peers.
- The Debt to FCF ratio of GOS is 72.28, which is on the high side as it means it would take GOS, 72.28 years of fcf income to pay off all of its debts.
- GOS's Debt to FCF ratio of 72.28 is fine compared to the rest of the industry. GOS outperforms 60.17% of its industry peers.
- A Debt/Equity ratio of 8.47 is on the high side and indicates that GOS has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 8.47, GOS is doing worse than 66.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.47 | ||
| Debt/FCF | 72.28 | ||
| Altman-Z | -0.19 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- GOS has a Current Ratio of 0.31. This is a bad value and indicates that GOS is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.31, GOS is in line with its industry, outperforming 44.07% of the companies in the same industry.
- GOS has a Quick Ratio of 0.31. This is a bad value and indicates that GOS is not financially healthy enough and could expect problems in meeting its short term obligations.
- GOS's Quick ratio of 0.31 is in line compared to the rest of the industry. GOS outperforms 44.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.31 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 26.49% over the past year.
- The Earnings Per Share has been growing by 10.50% on average over the past years. This is quite good.
- Looking at the last year, GOS shows a decrease in Revenue. The Revenue has decreased by -1.38% in the last year.
- GOS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.29% yearly.
EPS 1Y (TTM)26.49%
EPS 3Y19.49%
EPS 5Y10.5%
EPS Q2Q%17.24%
Revenue 1Y (TTM)-1.38%
Revenue growth 3Y22.11%
Revenue growth 5Y17.29%
Sales Q2Q%-2.99%
3.2 Future
- Based on estimates for the next years, GOS will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.65% on average per year.
- Based on estimates for the next years, GOS will show a small growth in Revenue. The Revenue will grow by 2.56% on average per year.
EPS Next Y14.5%
EPS Next 2Y13.25%
EPS Next 3Y12.07%
EPS Next 5Y9.65%
Revenue Next Year9.28%
Revenue Next 2Y7.01%
Revenue Next 3Y4.97%
Revenue Next 5Y2.56%
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 stable.
- 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
- With a Price/Earnings ratio of 18.09, GOS is valued on the expensive side.
- GOS's Price/Earnings ratio is a bit cheaper when compared to the industry. GOS is cheaper than 66.10% of the companies in the same industry.
- GOS is valuated rather cheaply when we compare the Price/Earnings ratio to 28.87, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 15.80 indicates a correct valuation of GOS.
- 72.88% of the companies in the same industry are more expensive than GOS, based on the Price/Forward Earnings ratio.
- GOS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.09 | ||
| Fwd PE | 15.8 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, GOS is valued a bit cheaper than 69.49% of the companies in the same industry.
- 78.81% of the companies in the same industry are more expensive than GOS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.65 | ||
| EV/EBITDA | 20.52 |
4.3 Compensation for Growth
- GOS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- GOS's earnings are expected to grow with 12.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.25
PEG (5Y)1.72
EPS Next 2Y13.25%
EPS Next 3Y12.07%
5. Dividend
5.1 Amount
- GOS has a Yearly Dividend Yield of 1.89%. Purely for dividend investing, there may be better candidates out there.
- GOS's Dividend Yield is comparable with the industry average which is at 3.08.
- Compared to an average S&P500 Dividend Yield of 1.82, GOS has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
5.2 History
- On average, the dividend of GOS grows each year by 19.24%, which is quite nice.
Dividend Growth(5Y)19.24%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
- GOS pays out 31.36% of its income as dividend. This is a sustainable payout ratio.
- The dividend of GOS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y13.25%
EPS Next 3Y12.07%
GOLDMAN SACHS GROUP INC / GOS.DE FAQ
What is the fundamental rating for GOS stock?
ChartMill assigns a fundamental rating of 4 / 10 to GOS.DE.
What is the valuation status for GOS stock?
ChartMill assigns a valuation rating of 5 / 10 to GOLDMAN SACHS GROUP INC (GOS.DE). This can be considered as Fairly Valued.
What is the profitability of GOS stock?
GOLDMAN SACHS GROUP INC (GOS.DE) has a profitability rating of 4 / 10.
Can you provide the financial health for GOS stock?
The financial health rating of GOLDMAN SACHS GROUP INC (GOS.DE) is 3 / 10.
How sustainable is the dividend of GOLDMAN SACHS GROUP INC (GOS.DE) stock?
The dividend rating of GOLDMAN SACHS GROUP INC (GOS.DE) is 4 / 10 and the dividend payout ratio is 31.36%.