GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA - NYSE:GS - US38141G1040 - Common Stock
793.09 USD
+2.26 (+0.29%)
791.661 USD
-1.43 (-0.18%)
Taking everything into account, GS scores 3 out of 10 in our fundamental rating. GS was compared to 237 industry peers in the Capital Markets industry. Both the profitability and financial health of GS have multiple concerns. GS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
GS had positive earnings in the past year.
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
The Return On Assets of GS (0.83%) is worse than 68.35% of its industry peers.
The Return On Equity of GS (11.89%) is better than 64.98% of its industry peers.
GS has a Return On Invested Capital of 1.09%. This is in the lower half of the industry: GS underperforms 68.35% 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 7.63%.
The 3 year average ROIC (0.90%) for GS is below the current ROIC(1.09%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 11.89% | ||
| ROIC | 1.09% |
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 43.88% of its industry peers.
In the last couple of years the Profit Margin of GS has declined.
GS's Operating Margin of 15.66% is on the low side compared to the rest of the industry. GS is outperformed by 63.29% of its industry peers.
In the last couple of years the Operating Margin of GS has declined.
GS's Gross Margin of 38.58% is in line compared to the rest of the industry. GS outperforms 40.51% 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
GS has less shares outstanding than it did 1 year ago.
GS has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, GS has a worse debt to assets ratio.
2.2 Solvency
GS has an Altman-Z score of -0.21. This is a bad value and indicates that GS is not financially healthy and even has some risk of bankruptcy.
GS has a Altman-Z score of -0.21. This is in the lower half of the industry: GS underperforms 78.48% of its industry peers.
A Debt/Equity ratio of 8.42 is on the high side and indicates that GS has dependencies on debt financing.
GS has a worse Debt to Equity ratio (8.42) than 89.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.42 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.21 |
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.
With a Current ratio value of 0.30, GS is not doing good in the industry: 81.86% of the companies in the same industry are doing better.
A Quick Ratio of 0.30 indicates that GS may have some problems paying its short term obligations.
With a Quick ratio value of 0.30, GS is not doing good in the industry: 81.86% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
GS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 44.45%, which is quite impressive.
GS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.07% yearly.
Looking at the last year, GS shows a small growth in Revenue. The Revenue has grown by 3.36% 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)44.45%
EPS 3Y-11.93%
EPS 5Y14.07%
EPS Q2Q%45.83%
Revenue 1Y (TTM)3.36%
Revenue growth 3Y24.97%
Revenue growth 5Y18.23%
Sales Q2Q%19.57%
3.2 Future
GS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.68% yearly.
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 Y23.31%
EPS Next 2Y18.41%
EPS Next 3Y16.31%
EPS Next 5Y5.68%
Revenue Next Year13.17%
Revenue Next 2Y9.15%
Revenue Next 3Y7.64%
Revenue Next 5Y3.96%
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 decreasing.
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
A Price/Earnings ratio of 16.11 indicates a correct valuation of GS.
The rest of the industry has a similar Price/Earnings ratio as GS.
When comparing the Price/Earnings ratio of GS to the average of the S&P500 Index (26.13), we can say GS is valued slightly cheaper.
GS is valuated correctly with a Price/Forward Earnings ratio of 13.95.
GS's Price/Forward Earnings is on the same level as the industry average.
GS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.11 | ||
| Fwd PE | 13.95 |
4.2 Price Multiples
GS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GS is cheaper than 70.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.58 |
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 16.31% in the coming years.
PEG (NY)0.69
PEG (5Y)1.15
EPS Next 2Y18.41%
EPS Next 3Y16.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.02%, GS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 8.57, GS has a dividend in line with its industry peers.
GS's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
5.2 History
The dividend of GS is nicely growing with an annual growth rate of 19.24%!
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.
The dividend of GS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.57%
EPS Next 2Y18.41%
EPS Next 3Y16.31%
793.09
+2.26 (+0.29%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners74.17%
Inst Owner Change-12.41%
Ins Owners0.51%
Ins Owner Change-0.81%
Market Cap240.08B
Revenue(TTM)127.21B
Net Income(TTM)14.76B
Analysts73.55
Price Target806.94 (1.75%)
Short Float %2.02%
Short Ratio3.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
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)9.62%
PT rev (3m)16.34%
EPS NQ rev (1m)3.44%
EPS NQ rev (3m)4.38%
EPS NY rev (1m)4.48%
EPS NY rev (3m)8.33%
Revenue NQ rev (1m)2.61%
Revenue NQ rev (3m)2.83%
Revenue NY rev (1m)3.09%
Revenue NY rev (3m)6.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.11 | ||
| Fwd PE | 13.95 | ||
| P/S | 1.9 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.93 | ||
| P/tB | 2.05 | ||
| EV/EBITDA | 20.58 |
EPS(TTM)49.23
EY6.21%
EPS(NY)56.86
Fwd EY7.17%
FCF(TTM)-82.18
FCFYN/A
OCF(TTM)-75.49
OCFYN/A
SpS418.15
BVpS409.94
TBVpS387.34
PEG (NY)0.69
PEG (5Y)1.15
Graham Number673.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 11.89% | ||
| ROCE | 2.98% | ||
| ROIC | 1.09% | ||
| ROICexc | 1.23% | ||
| 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%
ROICexgc growth 3Y-19.38%
ROICexgc 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 | 8.42 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 47.34 | ||
| 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 | -0.21 |
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)44.45%
EPS 3Y-11.93%
EPS 5Y14.07%
EPS Q2Q%45.83%
EPS Next Y23.31%
EPS Next 2Y18.41%
EPS Next 3Y16.31%
EPS Next 5Y5.68%
Revenue 1Y (TTM)3.36%
Revenue growth 3Y24.97%
Revenue growth 5Y18.23%
Sales Q2Q%19.57%
Revenue Next Year13.17%
Revenue Next 2Y9.15%
Revenue Next 3Y7.64%
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
GOLDMAN SACHS GROUP INC / GS FAQ
Can you provide the ChartMill fundamental rating for GOLDMAN SACHS GROUP INC?
ChartMill assigns a fundamental rating of 3 / 10 to GS.
What is the valuation status for GS stock?
ChartMill assigns a valuation rating of 4 / 10 to GOLDMAN SACHS GROUP INC (GS). This can be considered as Fairly Valued.
How profitable is GOLDMAN SACHS GROUP INC (GS) stock?
GOLDMAN SACHS GROUP INC (GS) has a profitability rating of 3 / 10.
Can you provide the PE and PB ratios for GS stock?
The Price/Earnings (PE) ratio for GOLDMAN SACHS GROUP INC (GS) is 16.11 and the Price/Book (PB) ratio is 1.93.
Can you provide the financial health for GS stock?
The financial health rating of GOLDMAN SACHS GROUP INC (GS) is 1 / 10.