GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA - NYSE:GS - US38141G1040 - Common Stock
776.51 USD
-13.14 (-1.66%)
778.75 USD
+2.24 (+0.29%)
Taking everything into account, GS scores 3 out of 10 in our fundamental rating. GS was compared to 238 industry peers in the Capital Markets industry. GS may be in some trouble as it scores bad on both profitability and health. GS is not valued too expensively and it also shows a decent growth rate. GS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year GS was profitable.
GS had a negative operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 0.83%, GS is doing worse than 69.33% of the companies in the same industry.
GS has a Return On Equity of 11.90%. This is in the better half of the industry: GS outperforms 63.87% of its industry peers.
GS's Return On Invested Capital of 1.07% is on the low side compared to the rest of the industry. GS is outperformed by 69.75% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GS is significantly below the industry average of 7.64%.
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
GS has a Profit Margin of 11.66%. This is comparable to the rest of the industry: GS outperforms 42.86% of its industry peers.
GS's Profit Margin has declined in the last couple of years.
GS has a Operating Margin of 15.66%. This is in the lower half of the industry: GS underperforms 63.87% of its industry peers.
In the last couple of years the Operating Margin of GS has declined.
Looking at the Gross Margin, with a value of 38.58%, GS is doing worse than 61.76% of the companies in the same industry.
In the last couple of years the Gross Margin of GS has declined.
| 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
The number of shares outstanding for GS has been reduced compared to 1 year ago.
GS has less shares outstanding than it did 5 years ago.
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.
GS's Debt to Equity ratio of 8.52 is on the low side compared to the rest of the industry. GS is outperformed by 89.08% of its industry peers.
| 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.
The Current ratio of GS (0.30) is worse than 81.09% of its industry peers.
A Quick Ratio of 0.30 indicates that GS may have some problems paying its short term obligations.
GS has a Quick ratio of 0.30. This is amonst the worse of the industry: GS underperforms 81.09% 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.
Measured over the past years, GS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.07% on average per year.
Looking at the last year, GS shows a small growth in Revenue. The Revenue has grown by 5.42% in the last year.
GS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.23% yearly.
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.
GS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.96% yearly.
EPS Next Y18.02%
EPS Next 2Y15.34%
EPS Next 3Y13.92%
EPS Next 5Y5.68%
Revenue Next Year9.78%
Revenue Next 2Y7.54%
Revenue Next 3Y6.19%
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.
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
The Price/Earnings ratio is 17.11, which indicates a rather expensive current valuation of GS.
Compared to the rest of the industry, the Price/Earnings ratio of GS is on the same level as its industry peers.
GS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.91.
The Price/Forward Earnings ratio is 14.39, which indicates a correct valuation of GS.
The rest of the industry has a similar Price/Forward Earnings ratio as GS.
When comparing the Price/Forward Earnings ratio of GS to the average of the S&P500 Index (23.30), we can say GS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.11 | ||
| Fwd PE | 14.39 |
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 73.53% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.54 |
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.
GS's earnings are expected to grow with 13.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.95
PEG (5Y)1.22
EPS Next 2Y15.34%
EPS Next 3Y13.92%
5. Dividend
5.1 Amount
GS has a Yearly Dividend Yield of 6.55%, which is a nice return.
Compared to an average industry Dividend Yield of 8.50, GS has a dividend in line with its industry peers.
GS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.55% |
5.2 History
On average, the dividend of GS grows each year by 19.24%, which is quite nice.
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)19.24%
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 2Y15.34%
EPS Next 3Y13.92%
776.51
-13.14 (-1.66%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners74.17%
Inst Owner Change-0.01%
Ins Owners0.51%
Ins Owner Change0.5%
Market Cap235.07B
Analysts73.55
Price Target748.47 (-3.61%)
Short Float %2.01%
Short Ratio3.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.55% |
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)1.68%
PT rev (3m)23.36%
EPS NQ rev (1m)1.3%
EPS NQ rev (3m)3.25%
EPS NY rev (1m)0.17%
EPS NY rev (3m)3.44%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)2.9%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)2.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.11 | ||
| Fwd PE | 14.39 | ||
| P/S | 1.86 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.9 | ||
| P/tB | 1.9 | ||
| EV/EBITDA | 19.54 |
EPS(TTM)45.38
EY5.84%
EPS(NY)53.95
Fwd EY6.95%
FCF(TTM)-82.18
FCFYN/A
OCF(TTM)-75.49
OCFYN/A
SpS418.15
BVpS409.62
TBVpS409.62
PEG (NY)0.95
PEG (5Y)1.22
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 Y18.02%
EPS Next 2Y15.34%
EPS Next 3Y13.92%
EPS Next 5Y5.68%
Revenue 1Y (TTM)5.42%
Revenue growth 3Y24.97%
Revenue growth 5Y18.23%
Sales Q2Q%14.55%
Revenue Next Year9.78%
Revenue Next 2Y7.54%
Revenue Next 3Y6.19%
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