GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
NYSE:GS - US38141G1040 - Common Stock
749.67 USD
+0.72 (+0.1%)
749.67 USD
0 (0%)
GS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 238 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.
GS had positive earnings in each of the past 5 years.
In multiple years GS reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of GS (0.83%) is worse than 67.23% of its industry peers.
The Return On Equity of GS (11.90%) is better than 64.71% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.07%, GS is doing worse than 69.75% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GS is significantly below the industry average of 7.60%.
The last Return On Invested Capital (1.07%) for GS is above the 3 year average (0.90%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 11.9% | ||
| ROIC | 1.07% |
ROA(3y)0.68%
ROA(5y)0.85%
ROE(3y)9.01%
ROE(5y)11.11%
ROIC(3y)0.9%
ROIC(5y)1.18%
1.3 Margins
The Profit Margin of GS (11.66%) is comparable to the rest of the industry.
GS's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 15.66%, GS is doing worse than 64.29% of the companies in the same industry.
In the last couple of years the Operating Margin of GS has declined.
GS's Gross Margin of 38.58% is on the low side compared to the rest of the industry. GS is outperformed by 66.39% of its industry peers.
GS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.66% | ||
| PM (TTM) | 11.66% | ||
| GM | 38.58% |
OM growth 3Y-29.54%
OM growth 5Y-5.46%
PM growth 3Y-31.06%
PM growth 5Y-5.81%
GM growth 3Y-24.01%
GM growth 5Y-9.99%
2. Health
2.1 Basic Checks
Compared to 1 year ago, GS has less shares outstanding
Compared to 5 years ago, GS has less shares outstanding
GS has a worse debt/assets ratio than last year.
2.2 Solvency
A Debt/Equity ratio of 8.52 is on the high side and indicates that GS has dependencies on debt financing.
With a Debt to Equity ratio value of 8.52, GS is not doing good in the industry: 88.24% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.52 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GS has a Current Ratio of 0.30. 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's Current ratio of 0.30 is on the low side compared to the rest of the industry. GS is outperformed by 83.19% of its industry peers.
GS has a Quick Ratio of 0.30. 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's Quick ratio of 0.30 is on the low side compared to the rest of the industry. GS is outperformed by 83.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 45.68% over the past year.
The Earnings Per Share has been growing by 14.07% on average over the past years. This is quite good.
Looking at the last year, GS shows a small growth in Revenue. The Revenue has grown by 5.42% in the last year.
Measured over the past years, GS shows a quite strong growth in Revenue. The Revenue has been growing by 18.23% on average per year.
EPS 1Y (TTM)45.68%
EPS 3Y-11.93%
EPS 5Y14.07%
EPS Q2Q%26.57%
Revenue 1Y (TTM)5.42%
Revenue growth 3Y24.97%
Revenue growth 5Y18.23%
Sales Q2Q%14.55%
3.2 Future
Based on estimates for the next years, GS will show a small growth in Earnings Per Share. The EPS will grow by 5.68% on average per year.
Based on estimates for the next years, GS will show a small growth in Revenue. The Revenue will grow by 3.96% on average per year.
EPS Next Y17.82%
EPS Next 2Y15.27%
EPS Next 3Y13.78%
EPS Next 5Y5.68%
Revenue Next Year9.5%
Revenue Next 2Y7.18%
Revenue Next 3Y5.92%
Revenue Next 5Y3.96%
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
The Price/Earnings ratio is 16.52, which indicates a correct valuation of GS.
The rest of the industry has a similar Price/Earnings ratio as GS.
The average S&P500 Price/Earnings ratio is at 27.14. GS is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 13.91, which indicates a correct valuation of GS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GS is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.80. GS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.52 | ||
| Fwd PE | 13.91 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GS indicates a somewhat cheap valuation: GS is cheaper than 75.63% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.16 |
4.3 Compensation for Growth
GS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as GS's earnings are expected to grow with 13.78% in the coming years.
PEG (NY)0.93
PEG (5Y)1.17
EPS Next 2Y15.27%
EPS Next 3Y13.78%
5. Dividend
5.1 Amount
GS has a Yearly Dividend Yield of 2.23%. Purely for dividend investing, there may be better candidates out there.
GS's Dividend Yield is comparable with the industry average which is at 8.00.
GS's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
5.2 History
On average, the dividend of GS grows each year by 19.24%, which is quite nice.
GS has paid a dividend for at least 10 years, which is a reliable track record.
GS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)19.24%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
GS pays out 31.57% of its income as dividend. This is a sustainable payout ratio.
GS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.57%
EPS Next 2Y15.27%
EPS Next 3Y13.78%
749.67
+0.72 (+0.1%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners74.29%
Inst Owner Change6.77%
Ins Owners0.52%
Ins Owner Change0.66%
Market Cap226.94B
Analysts73.55
Price Target736.12 (-1.81%)
Short Float %1.99%
Short Ratio2.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
Yearly Dividend14.19
Dividend Growth(5Y)19.24%
DP31.57%
Div Incr Years13
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.09%
Min EPS beat(2)11%
Max EPS beat(2)11.18%
EPS beat(4)4
Avg EPS beat(4)20.42%
Min EPS beat(4)11%
Max EPS beat(4)41.07%
EPS beat(8)7
Avg EPS beat(8)20.6%
EPS beat(12)9
Avg EPS beat(12)11.68%
EPS beat(16)12
Avg EPS beat(16)12.72%
Revenue beat(2)1
Avg Revenue beat(2)1.95%
Min Revenue beat(2)-1.25%
Max Revenue beat(2)5.15%
Revenue beat(4)3
Avg Revenue beat(4)4.26%
Min Revenue beat(4)-1.25%
Max Revenue beat(4)8.67%
Revenue beat(8)6
Avg Revenue beat(8)3.43%
Revenue beat(12)9
Avg Revenue beat(12)21.88%
Revenue beat(16)13
Avg Revenue beat(16)21.96%
PT rev (1m)6.13%
PT rev (3m)21.73%
EPS NQ rev (1m)-0.39%
EPS NQ rev (3m)-6.47%
EPS NY rev (1m)3.51%
EPS NY rev (3m)3.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.29%
Revenue NY rev (1m)2.64%
Revenue NY rev (3m)2.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.52 | ||
| Fwd PE | 13.91 | ||
| P/S | 1.79 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.83 | ||
| P/tB | 1.83 | ||
| EV/EBITDA | 19.16 |
EPS(TTM)45.38
EY6.05%
EPS(NY)53.88
Fwd EY7.19%
FCF(TTM)-82.18
FCFYN/A
OCF(TTM)-75.49
OCFYN/A
SpS418.15
BVpS409.62
TBVpS409.62
PEG (NY)0.93
PEG (5Y)1.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 11.9% | ||
| ROCE | 2.92% | ||
| ROIC | 1.07% | ||
| ROICexc | 1.19% | ||
| ROICexgc | 1.23% | ||
| OM | 15.66% | ||
| PM (TTM) | 11.66% | ||
| GM | 38.58% | ||
| FCFM | N/A |
ROA(3y)0.68%
ROA(5y)0.85%
ROE(3y)9.01%
ROE(5y)11.11%
ROIC(3y)0.9%
ROIC(5y)1.18%
ROICexc(3y)1.1%
ROICexc(5y)1.47%
ROICexgc(3y)1.11%
ROICexgc(5y)1.48%
ROCE(3y)2.51%
ROCE(5y)3.11%
ROICexcg growth 3Y-19.38%
ROICexcg growth 5Y-1.43%
ROICexc growth 3Y-19.4%
ROICexc growth 5Y-1.39%
OM growth 3Y-29.54%
OM growth 5Y-5.46%
PM growth 3Y-31.06%
PM growth 5Y-5.81%
GM growth 3Y-24.01%
GM growth 5Y-9.99%
F-Score4
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.52 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 47.9 | ||
| Cap/Depr | 90.37% | ||
| Cap/Sales | 1.6% | ||
| Interest Coverage | 0.28 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | N/A |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)95.93%
Cap/Depr(5y)170.22%
Cap/Sales(3y)3.08%
Cap/Sales(5y)5.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)45.68%
EPS 3Y-11.93%
EPS 5Y14.07%
EPS Q2Q%26.57%
EPS Next Y17.82%
EPS Next 2Y15.27%
EPS Next 3Y13.78%
EPS Next 5Y5.68%
Revenue 1Y (TTM)5.42%
Revenue growth 3Y24.97%
Revenue growth 5Y18.23%
Sales Q2Q%14.55%
Revenue Next Year9.5%
Revenue Next 2Y7.18%
Revenue Next 3Y5.92%
Revenue Next 5Y3.96%
EBIT growth 1Y33.9%
EBIT growth 3Y-11.94%
EBIT growth 5Y11.78%
EBIT Next Year1.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-217.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-194.61%
OCF growth 3YN/A
OCF growth 5YN/A