GOLDMAN SACHS GROUP INC (GS)
US38141G1040 - Common Stock
Taking everything into account, GS scores 3 out of 10 in our fundamental rating. GS was compared to 207 industry peers in the Capital Markets industry. GS has a bad profitability rating. Also its financial health evaluation is rather negative. GS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
GS had positive earnings in the past year.
GS had a negative operating cash flow in the past year.
Each year in the past 5 years GS has been profitable.
GS had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
GS's Return On Assets of 0.46% is on the low side compared to the rest of the industry. GS is outperformed by 74.02% of its industry peers.
GS has a Return On Equity of 6.16%. This is in the lower half of the industry: GS underperforms 60.29% of its industry peers.
The Return On Invested Capital of GS (0.67%) is worse than 81.86% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GS is significantly below the industry average of 9.53%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.46% | ||
| ROE | 6.16% | ||
| ROIC | 0.67% |
ROA(3y)0.99%
ROA(5y)0.96%
ROE(3y)12.57%
ROE(5y)11.48%
ROIC(3y)1.42%
ROIC(5y)1.37%
1.3 Margins
GS's Profit Margin of 7.16% is on the low side compared to the rest of the industry. GS is outperformed by 65.20% of its industry peers.
GS's Profit Margin has improved in the last couple of years.
The Operating Margin of GS (10.20%) is worse than 76.96% of its industry peers.
In the last couple of years the Operating Margin of GS has declined.
GS's Gross Margin of 39.50% is on the low side compared to the rest of the industry. GS is outperformed by 69.12% of its industry peers.
GS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.2% | ||
| PM (TTM) | 7.16% | ||
| GM | 39.5% |
OM growth 3Y0.61%
OM growth 5Y-5.17%
PM growth 3Y2.89%
PM growth 5Y13.08%
GM growth 3Y-0.66%
GM growth 5Y-2.64%
2. Health
2.1 Basic Checks
The number of shares outstanding for GS has been increased compared to 1 year ago.
The number of shares outstanding for GS has been reduced compared to 5 years ago.
The debt/assets ratio for GS has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.24, we must say that GS is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.24, GS is not doing good in the industry: 88.24% of the companies in the same industry are doing better.
GS has a Debt/Equity ratio of 7.98. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GS (7.98) is worse than 87.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.98 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.24 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GS has a Current Ratio of 0.37. This is a bad value and indicates that GS is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GS (0.37) is worse than 80.88% of its industry peers.
GS has a Quick Ratio of 0.37. This is a bad value and indicates that GS is not financially healthy enough and could expect problems in meeting its short term obligations.
GS has a Quick ratio of 0.37. This is amonst the worse of the industry: GS underperforms 80.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.37 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
The earnings per share for GS have decreased strongly by -42.10% in the last year.
The Earnings Per Share has been growing by 8.71% on average over the past years. This is quite good.
The Revenue has grown by 63.68% in the past year. This is a very strong growth!
Measured over the past years, GS shows a quite strong growth in Revenue. The Revenue has been growing by 9.58% on average per year.
EPS 1Y (TTM)-42.1%
EPS 3Y12.7%
EPS 5Y8.71%
EPS growth Q2Q-33.7%
Revenue 1Y (TTM)63.68%
Revenue growth 3Y7.76%
Revenue growth 5Y9.58%
Revenue growth Q2Q54.35%
3.2 Future
GS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.23% yearly.
The Revenue is expected to grow by 0.88% on average over the next years.
EPS Next Y-17.93%
EPS Next 2Y9.1%
EPS Next 3Y10.32%
EPS Next 5Y4.23%
Revenue Next Year-4.32%
Revenue Next 2Y2.84%
Revenue Next 3Y3.04%
Revenue Next 5Y0.88%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 15.84, GS is valued correctly.
GS's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 24.81, GS is valued a bit cheaper.
GS is valuated reasonably with a Price/Forward Earnings ratio of 9.63.
Based on the Price/Forward Earnings ratio, GS is valued a bit cheaper than the industry average as 64.22% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 19.91. GS is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.84 | ||
| Fwd PE | 9.63 |
4.2 Price Multiples
GS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GS is cheaper than 76.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.45 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.82
EPS Next 2Y9.1%
EPS Next 3Y10.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.22%, GS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 8.08, GS has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.59, GS pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
5.2 History
The dividend of GS is nicely growing with an annual growth rate of 19.03%!
GS has been paying a dividend for at least 10 years, so it has a reliable track record.
GS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)19.03%
Div Incr Years12
Div Non Decr Years13
5.3 Sustainability
57.26% of the earnings are spent on dividend by GS. This is a bit on the high side, but may be sustainable.
GS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP57.26%
EPS Next 2Y9.1%
EPS Next 3Y10.32%
GOLDMAN SACHS GROUP INC
NYSE:GS (12/6/2023, 11:38:08 AM)
344.39
+2.64 (+0.77%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap112.31B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.84 | ||
| Fwd PE | 9.63 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.46% | ||
| ROE | 6.16% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.2% | ||
| PM (TTM) | 7.16% | ||
| GM | 39.5% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.98 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.37 | ||
| Quick Ratio | 0.37 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-42.1%
EPS 3Y12.7%
EPS 5Y
EPS growth Q2Q
EPS Next Y-17.93%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)63.68%
Revenue growth 3Y7.76%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y