GOLDMAN SACHS BDC INC (GSBD)
US38147U1079 - Common Stock
Overall GSBD gets a fundamental rating of 5 out of 10. We evaluated GSBD against 212 industry peers in the Capital Markets industry. GSBD has an excellent profitability rating, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on GSBD.
1. Profitability
1.1 Basic Checks
In the past year GSBD was profitable.
In the past year GSBD had a positive cash flow from operations.
Each year in the past 5 years GSBD has been profitable.
In multiple years GSBD reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of GSBD (5.56%) is better than 65.07% of its industry peers.
With a decent Return On Equity value of 12.23%, GSBD is doing good in the industry, outperforming 65.07% of the companies in the same industry.
GSBD has a Return On Invested Capital of 5.69%. This is in the better half of the industry: GSBD outperforms 63.64% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GSBD is significantly below the industry average of 10.67%.
The 3 year average ROIC (5.41%) for GSBD is below the current ROIC(5.69%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.56% | ||
| ROE | 12.23% | ||
| ROIC | 5.69% |
ROA(3y)4.17%
ROA(5y)4.05%
ROE(3y)9.27%
ROE(5y)8.81%
ROIC(3y)5.41%
ROIC(5y)4.65%
1.3 Margins
With an excellent Profit Margin value of 43.07%, GSBD belongs to the best of the industry, outperforming 80.86% of the companies in the same industry.
In the last couple of years the Profit Margin of GSBD has grown nicely.
GSBD has a Operating Margin of 54.33%. This is amongst the best in the industry. GSBD outperforms 90.91% of its industry peers.
In the last couple of years the Operating Margin of GSBD has remained more or less at the same level.
With a Gross Margin value of 56.52%, GSBD perfoms like the industry average, outperforming 59.33% of the companies in the same industry.
In the last couple of years the Gross Margin of GSBD has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.33% | ||
| PM (TTM) | 43.07% | ||
| GM | 56.52% |
OM growth 3Y-5.07%
OM growth 5Y-0.75%
PM growth 3Y-24.93%
PM growth 5Y3.3%
GM growth 3Y-5.2%
GM growth 5Y-0.84%
2. Health
2.1 Basic Checks
GSBD has more shares outstanding than it did 1 year ago.
GSBD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for GSBD has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.80, we must say that GSBD is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of GSBD (0.80) is comparable to the rest of the industry.
GSBD has a debt to FCF ratio of 6.08. This is a slightly negative value and a sign of low solvency as GSBD would need 6.08 years to pay back of all of its debts.
The Debt to FCF ratio of GSBD (6.08) is comparable to the rest of the industry.
GSBD has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.14, GSBD is in line with its industry, outperforming 40.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 6.08 | ||
| Altman-Z | 0.8 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.56 indicates that GSBD may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.56, GSBD is doing worse than 71.77% of the companies in the same industry.
A Quick Ratio of 0.56 indicates that GSBD may have some problems paying its short term obligations.
GSBD has a worse Quick ratio (0.56) than 71.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.56 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
GSBD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.71%.
The Earnings Per Share has been growing slightly by 1.41% on average over the past years.
GSBD shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.26%.
GSBD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.40% yearly.
EPS 1Y (TTM)5.71%
EPS 3Y6.65%
EPS 5Y1.41%
EPS growth Q2Q-14.06%
Revenue 1Y (TTM)27.26%
Revenue growth 3Y38.03%
Revenue growth 5Y25.4%
Revenue growth Q2Q8.33%
3.2 Future
GSBD is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -5.86% yearly.
The Revenue is expected to decrease by -21.75% on average over the next years. This is quite bad
EPS Next Y-2.02%
EPS Next 2Y-6.02%
EPS Next 3Y-5.86%
EPS Next 5YN/A
Revenue Next Year-1.34%
Revenue Next 2Y-4.55%
Revenue Next 3Y-21.75%
Revenue Next 5YN/A
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
The Price/Earnings ratio is 7.02, which indicates a rather cheap valuation of GSBD.
Based on the Price/Earnings ratio, GSBD is valued cheaply inside the industry as 83.25% of the companies are valued more expensively.
GSBD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.28.
With a Price/Forward Earnings ratio of 7.16, the valuation of GSBD can be described as very cheap.
85.17% of the companies in the same industry are more expensive than GSBD, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.88, GSBD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.02 | ||
| Fwd PE | 7.16 |
4.2 Price Multiples
GSBD's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GSBD is cheaper than 85.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.81 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
GSBD has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as GSBD's earnings are expected to decrease with -5.86% in the coming years.
PEG (NY)N/A
PEG (5Y)4.98
EPS Next 2Y-6.02%
EPS Next 3Y-5.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.67%, GSBD is a good candidate for dividend investing.
GSBD's Dividend Yield is rather good when compared to the industry average which is at 7.27. GSBD pays more dividend than 82.78% of the companies in the same industry.
GSBD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.67% |
5.2 History
The dividend of GSBD has a limited annual growth rate of 0.50%.
GSBD has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of GSBD decreased recently.
Dividend Growth(5Y)0.5%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
97.45% of the earnings are spent on dividend by GSBD. This is not a sustainable payout ratio.
GSBD's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP97.45%
EPS Next 2Y-6.02%
EPS Next 3Y-5.86%
GOLDMAN SACHS BDC INC
NYSE:GSBD (5/3/2024, 7:04:00 PM)
After market: 15.58 0 (0%)15.58
+0.15 (+0.97%)
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 Cap1.75B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.67% |
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)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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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 | 7.02 | ||
| Fwd PE | 7.16 | ||
| 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)N/A
PEG (5Y)4.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.56% | ||
| ROE | 12.23% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 54.33% | ||
| PM (TTM) | 43.07% | ||
| GM | 56.52% | ||
| 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 Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.56 | ||
| Quick Ratio | 0.56 | ||
| 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)5.71%
EPS 3Y6.65%
EPS 5Y
EPS growth Q2Q
EPS Next Y-2.02%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)27.26%
Revenue growth 3Y38.03%
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