GOLDMAN SACHS BDC INC (GSBD) Stock Fundamental Analysis
USA - NYSE:GSBD - US38147U1079 - Common Stock
9.76 USD
-0.06 (-0.61%)
9.744 USD
-0.02 (-0.16%)
We assign a fundamental rating of 5 out of 10 to GSBD. GSBD was compared to 238 industry peers in the Capital Markets industry. There are concerns on the financial health of GSBD while its profitability can be described as average. GSBD has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
GSBD had positive earnings in the past year.
GSBD had a positive operating cash flow in the past year.
GSBD had positive earnings in each of the past 5 years.
Of the past 5 years GSBD 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of GSBD (4.27%) is better than 60.92% of its industry peers.
Looking at the Return On Equity, with a value of 9.61%, GSBD is in line with its industry, outperforming 53.78% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.22%, GSBD is doing good in the industry, outperforming 64.71% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GSBD is below the industry average of 7.64%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.27% | ||
| ROE | 9.61% | ||
| ROIC | 5.22% |
ROA(3y)2.95%
ROA(5y)3.91%
ROE(3y)6.63%
ROE(5y)8.54%
ROIC(3y)5.51%
ROIC(5y)4.92%
1.3 Margins
GSBD has a Profit Margin of 36.18%. This is in the better half of the industry: GSBD outperforms 78.15% of its industry peers.
In the last couple of years the Profit Margin of GSBD has declined.
GSBD has a Operating Margin of 54.41%. This is amongst the best in the industry. GSBD outperforms 90.34% of its industry peers.
GSBD's Operating Margin has been stable in the last couple of years.
GSBD has a better Gross Margin (57.09%) than 68.49% of its industry peers.
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 | 54.41% | ||
| PM (TTM) | 36.18% | ||
| GM | 57.09% |
OM growth 3Y-5.28%
OM growth 5Y1.45%
PM growth 3Y-36.09%
PM growth 5Y-10%
GM growth 3Y-4.71%
GM growth 5Y1.34%
2. Health
2.1 Basic Checks
The number of shares outstanding for GSBD has been increased compared to 1 year ago.
The number of shares outstanding for GSBD has been increased compared to 5 years ago.
The debt/assets ratio for GSBD is higher compared to a year ago.
2.2 Solvency
GSBD has an Altman-Z score of 0.52. This is a bad value and indicates that GSBD is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.52, GSBD is doing worse than 63.03% of the companies in the same industry.
GSBD has a debt to FCF ratio of 4.23. This is a neutral value as GSBD would need 4.23 years to pay back of all of its debts.
GSBD has a Debt to FCF ratio of 4.23. This is in the better half of the industry: GSBD outperforms 75.21% of its industry peers.
GSBD has a Debt/Equity ratio of 1.19. This is a high value indicating a heavy dependency on external financing.
GSBD's Debt to Equity ratio of 1.19 is on the low side compared to the rest of the industry. GSBD is outperformed by 60.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.23 | ||
| Altman-Z | 0.52 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.12 indicates that GSBD should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.12, GSBD is in line with its industry, outperforming 48.32% of the companies in the same industry.
GSBD has a Quick Ratio of 1.12. This is a normal value and indicates that GSBD is financially healthy and should not expect problems in meeting its short term obligations.
GSBD has a Quick ratio of 1.12. This is comparable to the rest of the industry: GSBD outperforms 52.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.12 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
GSBD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.83%.
GSBD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.14% yearly.
The Revenue for GSBD has decreased by -11.74% in the past year. This is quite bad
GSBD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.15% yearly.
EPS 1Y (TTM)-19.83%
EPS 3Y4.48%
EPS 5Y2.14%
EPS Q2Q%-34.48%
Revenue 1Y (TTM)-11.74%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-21%
3.2 Future
GSBD is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -16.50% yearly.
The Revenue is expected to decrease by -10.39% on average over the next years. This is quite bad
EPS Next Y-29.09%
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
EPS Next 5YN/A
Revenue Next Year-15.65%
Revenue Next 2Y-11.29%
Revenue Next 3Y-10.39%
Revenue Next 5YN/A
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
GSBD is valuated cheaply with a Price/Earnings ratio of 5.25.
92.44% of the companies in the same industry are more expensive than GSBD, based on the Price/Earnings ratio.
GSBD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.91.
The Price/Forward Earnings ratio is 7.25, which indicates a rather cheap valuation of GSBD.
Based on the Price/Forward Earnings ratio, GSBD is valued cheaply inside the industry as 86.97% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.30. GSBD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.25 | ||
| Fwd PE | 7.25 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, GSBD is valued cheaper than 89.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.62 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
GSBD has a very decent profitability rating, which may justify a higher PE ratio.
GSBD's earnings are expected to decrease with -16.50% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.45
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 12.64%, GSBD is a good candidate for dividend investing.
GSBD's Dividend Yield is rather good when compared to the industry average which is at 8.50. GSBD pays more dividend than 80.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, GSBD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.64% |
5.2 History
The dividend of GSBD has a limited annual growth rate of 0.10%.
GSBD has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of GSBD decreased in the last 3 years.
Dividend Growth(5Y)0.1%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
148.78% 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.
DP148.78%
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
9.76
-0.06 (-0.61%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners33.43%
Inst Owner Change-0.01%
Ins Owners0.14%
Ins Owner Change0%
Market Cap1.11B
Analysts46.67
Price Target11.14 (14.14%)
Short Float %2.36%
Short Ratio4.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.64% |
Yearly Dividend1.74
Dividend Growth(5Y)0.1%
DP148.78%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.68%
Min EPS beat(2)-5.68%
Max EPS beat(2)-3.68%
EPS beat(4)1
Avg EPS beat(4)-2.85%
Min EPS beat(4)-5.68%
Max EPS beat(4)3.39%
EPS beat(8)3
Avg EPS beat(8)0.29%
EPS beat(12)6
Avg EPS beat(12)2.69%
EPS beat(16)7
Avg EPS beat(16)1.92%
Revenue beat(2)0
Avg Revenue beat(2)-8.93%
Min Revenue beat(2)-11.03%
Max Revenue beat(2)-6.82%
Revenue beat(4)0
Avg Revenue beat(4)-6.57%
Min Revenue beat(4)-11.03%
Max Revenue beat(4)-2.33%
Revenue beat(8)2
Avg Revenue beat(8)-3.48%
Revenue beat(12)4
Avg Revenue beat(12)-2.94%
Revenue beat(16)5
Avg Revenue beat(16)-3.79%
PT rev (1m)0%
PT rev (3m)-1.5%
EPS NQ rev (1m)-2%
EPS NQ rev (3m)-6.96%
EPS NY rev (1m)-1.14%
EPS NY rev (3m)-4.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.25 | ||
| Fwd PE | 7.25 | ||
| P/S | 2.77 | ||
| P/FCF | 2.62 | ||
| P/OCF | 2.62 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.86
EY19.06%
EPS(NY)1.35
Fwd EY13.8%
FCF(TTM)3.73
FCFY38.21%
OCF(TTM)3.73
OCFY38.21%
SpS3.52
BVpS13.26
TBVpS13.26
PEG (NY)N/A
PEG (5Y)2.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.27% | ||
| ROE | 9.61% | ||
| ROCE | 6.6% | ||
| ROIC | 5.22% | ||
| ROICexc | 5.39% | ||
| ROICexgc | 5.39% | ||
| OM | 54.41% | ||
| PM (TTM) | 36.18% | ||
| GM | 57.09% | ||
| FCFM | 105.82% |
ROA(3y)2.95%
ROA(5y)3.91%
ROE(3y)6.63%
ROE(5y)8.54%
ROIC(3y)5.51%
ROIC(5y)4.92%
ROICexc(3y)5.59%
ROICexc(5y)4.99%
ROICexgc(3y)5.6%
ROICexgc(5y)4.99%
ROCE(3y)6.97%
ROCE(5y)6.23%
ROICexcg growth 3Y2.08%
ROICexcg growth 5Y5.75%
ROICexc growth 3Y2.1%
ROICexc growth 5Y5.76%
OM growth 3Y-5.28%
OM growth 5Y1.45%
PM growth 3Y-36.09%
PM growth 5Y-10%
GM growth 3Y-4.71%
GM growth 5Y1.34%
F-Score7
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.23 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.09 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 292.51% | ||
| Current Ratio | 1.12 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 0.52 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)69.08%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.83%
EPS 3Y4.48%
EPS 5Y2.14%
EPS Q2Q%-34.48%
EPS Next Y-29.09%
EPS Next 2Y-21.59%
EPS Next 3Y-16.5%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.74%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-21%
Revenue Next Year-15.65%
Revenue Next 2Y-11.29%
Revenue Next 3Y-10.39%
Revenue Next 5YN/A
EBIT growth 1Y-16.65%
EBIT growth 3Y2.08%
EBIT growth 5Y25.94%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y201.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y201.57%
OCF growth 3YN/A
OCF growth 5YN/A