GOLDMAN SACHS GROUP INC (GS)
US38141G1040 - Common Stock
Overall GS gets a fundamental rating of 3 out of 10. We evaluated GS against 210 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
In the past year GS was profitable.
In the past year GS has reported a negative cash flow from operations.
In the past 5 years GS has always been profitable.
In multiple years GS reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a Return On Assets value of 0.48%, GS is not doing good in the industry: 73.56% of the companies in the same industry are doing better.
GS has a worse Return On Equity (6.76%) than 62.98% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.71%, GS is doing worse than 79.33% of the companies in the same industry.
GS had an Average Return On Invested Capital over the past 3 years of 1.19%. This is significantly below the industry average of 8.34%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.48% | ||
| ROE | 6.76% | ||
| ROIC | 0.71% |
ROA(3y)0.89%
ROA(5y)0.85%
ROE(3y)11.73%
ROE(5y)10.65%
ROIC(3y)1.19%
ROIC(5y)1.21%
1.3 Margins
Looking at the Profit Margin, with a value of 7.29%, GS is doing worse than 68.27% of the companies in the same industry.
In the last couple of years the Profit Margin of GS has declined.
Looking at the Operating Margin, with a value of 10.65%, GS is doing worse than 75.96% of the companies in the same industry.
GS's Operating Margin has declined in the last couple of years.
GS has a worse Gross Margin (37.41%) than 70.19% of its industry peers.
GS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.65% | ||
| PM (TTM) | 7.29% | ||
| GM | 37.41% |
OM growth 3Y-27.82%
OM growth 5Y-15.03%
PM growth 3Y-22.75%
PM growth 5Y-17.02%
GM growth 3Y-21.32%
GM growth 5Y-10.2%
2. Health
2.1 Basic Checks
GS has less shares outstanding than it did 1 year ago.
The number of shares outstanding for GS has been reduced compared to 5 years ago.
GS has a worse debt/assets ratio than last year.
2.2 Solvency
GS has an Altman-Z score of -0.23. This is a bad value and indicates that GS is not financially healthy and even has some risk of bankruptcy.
GS has a worse Altman-Z score (-0.23) than 87.02% of its industry peers.
A Debt/Equity ratio of 8.47 is on the high side and indicates that GS has dependencies on debt financing.
GS has a Debt to Equity ratio of 8.47. This is amonst the worse of the industry: GS underperforms 88.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.23 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.36 indicates that GS may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.36, GS is doing worse than 77.40% of the companies in the same industry.
A Quick Ratio of 0.36 indicates that GS may have some problems paying its short term obligations.
GS's Quick ratio of 0.36 is on the low side compared to the rest of the industry. GS is outperformed by 77.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
GS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.49%.
GS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.09% yearly.
GS shows a strong growth in Revenue. In the last year, the Revenue has grown by 57.79%.
GS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.31% yearly.
EPS 1Y (TTM)-20.49%
EPS 3Y-8.43%
EPS 5Y-1.09%
EPS growth Q2Q65.06%
Revenue 1Y (TTM)57.79%
Revenue growth 3Y24.38%
Revenue growth 5Y15.31%
Revenue growth Q2Q35.99%
3.2 Future
Based on estimates for the next years, GS will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.54% on average per year.
The Revenue is expected to grow by 2.15% on average over the next years.
EPS Next Y45.54%
EPS Next 2Y29.68%
EPS Next 3Y22.96%
EPS Next 5Y11.54%
Revenue Next Year9.69%
Revenue Next 2Y7.07%
Revenue Next 3Y6%
Revenue Next 5Y2.15%
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 accelerating.
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
GS is valuated rather expensively with a Price/Earnings ratio of 17.70.
Based on the Price/Earnings ratio, GS is valued a bit more expensive than the industry average as 62.02% of the companies are valued more cheaply.
GS is valuated rather cheaply when we compare the Price/Earnings ratio to 25.25, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 12.16, which indicates a correct valuation of GS.
GS's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of GS to the average of the S&P500 Index (21.67), we can say GS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.7 | ||
| Fwd PE | 12.16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GS is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.66 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GS's earnings are expected to grow with 22.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y29.68%
EPS Next 3Y22.96%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.64%, GS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.77, GS is paying slightly less dividend.
GS's Dividend Yield is comparable with the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.64% |
5.2 History
On average, the dividend of GS grows each year by 21.17%, which is quite nice.
GS has paid a dividend for at least 10 years, which is a reliable track record.
GS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)21.17%
Div Incr Years12
Div Non Decr Years13
5.3 Sustainability
GS pays out 52.98% of its income as dividend. 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.
DP52.98%
EPS Next 2Y29.68%
EPS Next 3Y22.96%
GOLDMAN SACHS GROUP INC
NYSE:GS (4/24/2024, 7:06:26 PM)
After market: 422.99 -0.05 (-0.01%)423.04
-0.96 (-0.23%)
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 Cap137.72B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.64% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.7 | ||
| Fwd PE | 12.16 | ||
| 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)0.39
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.48% | ||
| ROE | 6.76% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.65% | ||
| PM (TTM) | 7.29% | ||
| GM | 37.41% | ||
| 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 Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.47 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| 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)-20.49%
EPS 3Y-8.43%
EPS 5Y
EPS growth Q2Q
EPS Next Y45.54%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)57.79%
Revenue growth 3Y24.38%
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