GOLDMAN SACHS BDC INC (GSBD) Stock Fundamental Analysis
NYSE:GSBD - New York Stock Exchange, Inc. - US38147U1079 - Common Stock - Currency: USD
Overall GSBD gets a fundamental rating of 4 out of 10. We evaluated GSBD against 236 industry peers in the Capital Markets industry. GSBD has a medium profitability rating, but doesn't score so well on its financial health evaluation. GSBD has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
In the past 5 years GSBD has always been profitable.
GSBD had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
GSBD has a Return On Assets (1.48%) which is comparable to the rest of the industry.
The Return On Equity of GSBD (3.36%) is worse than 66.95% of its industry peers.
GSBD's Return On Invested Capital of 5.58% is fine compared to the rest of the industry. GSBD outperforms 67.80% of its industry peers.
GSBD had an Average Return On Invested Capital over the past 3 years of 5.51%. This is below the industry average of 7.88%.
The last Return On Invested Capital (5.58%) for GSBD is above the 3 year average (5.51%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.48% | ||
| ROE | 3.36% | ||
| ROIC | 5.58% |
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 (12.38%) which is comparable to the rest of the industry.
GSBD's Profit Margin has declined in the last couple of years.
The Operating Margin of GSBD (57.49%) is better than 91.10% of its industry peers.
In the last couple of years the Operating Margin of GSBD has remained more or less at the same level.
GSBD's Gross Margin of 60.08% is fine compared to the rest of the industry. GSBD outperforms 67.80% of its industry peers.
GSBD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 57.49% | ||
| PM (TTM) | 12.38% | ||
| GM | 60.08% |
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
Compared to 1 year ago, GSBD has more shares outstanding
GSBD has more shares outstanding than it did 5 years ago.
GSBD has a worse debt/assets ratio than last year.
2.2 Solvency
GSBD has an Altman-Z score of 0.60. This is a bad value and indicates that GSBD is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.60, GSBD is not doing good in the industry: 62.29% of the companies in the same industry are doing better.
GSBD has a debt to FCF ratio of 14.47. This is a negative value and a sign of low solvency as GSBD would need 14.47 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 14.47, GSBD is in line with its industry, outperforming 50.42% of the companies in the same industry.
A Debt/Equity ratio of 1.21 is on the high side and indicates that GSBD has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.21, GSBD is doing worse than 60.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 14.47 | ||
| Altman-Z | 0.6 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GSBD has a Current Ratio of 0.98. This is a bad value and indicates that GSBD is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GSBD (0.98) is comparable to the rest of the industry.
A Quick Ratio of 0.98 indicates that GSBD may have some problems paying its short term obligations.
With a Quick ratio value of 0.98, GSBD perfoms like the industry average, outperforming 46.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
GSBD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.21%.
Measured over the past 5 years, GSBD shows a small growth in Earnings Per Share. The EPS has been growing by 2.14% on average per year.
Looking at the last year, GSBD shows a decrease in Revenue. The Revenue has decreased by -8.57% in the last year.
Measured over the past years, GSBD shows a very strong growth in Revenue. The Revenue has been growing by 24.15% on average per year.
EPS 1Y (TTM)-11.21%
EPS 3Y4.48%
EPS 5Y2.14%
EPS Q2Q%-23.64%
Revenue 1Y (TTM)-8.57%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-13.09%
3.2 Future
Based on estimates for the next years, GSBD will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.33% on average per year.
The Revenue is expected to decrease by -6.84% on average over the next years.
EPS Next Y-26.06%
EPS Next 2Y-19.11%
EPS Next 3Y-14.33%
EPS Next 5YN/A
Revenue Next Year-12.93%
Revenue Next 2Y-8.26%
Revenue Next 3Y-6.84%
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.
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
With a Price/Earnings ratio of 5.48, the valuation of GSBD can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of GSBD indicates a rather cheap valuation: GSBD is cheaper than 92.80% of the companies listed in the same industry.
GSBD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.61.
GSBD is valuated cheaply with a Price/Forward Earnings ratio of 7.87.
GSBD's Price/Forward Earnings ratio is rather cheap when compared to the industry. GSBD is cheaper than 87.29% of the companies in the same industry.
GSBD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.48 | ||
| Fwd PE | 7.87 |
4.2 Price Multiples
75.85% of the companies in the same industry are more expensive than GSBD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.24 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as GSBD's earnings are expected to decrease with -14.33% in the coming years.
PEG (NY)N/A
PEG (5Y)2.56
EPS Next 2Y-19.11%
EPS Next 3Y-14.33%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.79%, GSBD is a good candidate for dividend investing.
GSBD's Dividend Yield is a higher than the industry average which is at 8.23.
Compared to an average S&P500 Dividend Yield of 2.32, GSBD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.79% |
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.
GSBD has decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.1%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
390.48% of the earnings are spent on dividend by GSBD. This is not a sustainable payout ratio.
The Dividend Rate of GSBD has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP390.48%
EPS Next 2Y-19.11%
EPS Next 3Y-14.33%
NYSE:GSBD (7/31/2025, 10:59:06 AM)
11.2847
-0.08 (-0.66%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners31.18%
Inst Owner Change23.08%
Ins Owners0.11%
Ins Owner Change0%
Market Cap1.32B
Analysts46.67
Price Target11.31 (0.22%)
Short Float %1.86%
Short Ratio3.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.79% |
Yearly Dividend1.74
Dividend Growth(5Y)0.1%
DP390.48%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.55%
Min EPS beat(2)-5.41%
Max EPS beat(2)-3.68%
EPS beat(4)2
Avg EPS beat(4)0.78%
Min EPS beat(4)-5.41%
Max EPS beat(4)8.83%
EPS beat(8)4
Avg EPS beat(8)1.47%
EPS beat(12)6
Avg EPS beat(12)2.95%
EPS beat(16)7
Avg EPS beat(16)1.95%
Revenue beat(2)0
Avg Revenue beat(2)-4.58%
Min Revenue beat(2)-6.82%
Max Revenue beat(2)-2.33%
Revenue beat(4)0
Avg Revenue beat(4)-5.23%
Min Revenue beat(4)-6.82%
Max Revenue beat(4)-2.33%
Revenue beat(8)2
Avg Revenue beat(8)-2.68%
Revenue beat(12)4
Avg Revenue beat(12)-2.91%
Revenue beat(16)6
Avg Revenue beat(16)-2.92%
PT rev (1m)0%
PT rev (3m)-10.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.39%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.48 | ||
| Fwd PE | 7.87 | ||
| P/S | 3.15 | ||
| P/FCF | 10.24 | ||
| P/OCF | 10.24 | ||
| P/B | 0.86 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.06
EY18.25%
EPS(NY)1.43
Fwd EY12.7%
FCF(TTM)1.1
FCFY9.77%
OCF(TTM)1.1
OCFY9.77%
SpS3.58
BVpS13.2
TBVpS13.2
PEG (NY)N/A
PEG (5Y)2.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.48% | ||
| ROE | 3.36% | ||
| ROCE | 7.06% | ||
| ROIC | 5.58% | ||
| ROICexc | 5.71% | ||
| ROICexgc | 5.72% | ||
| OM | 57.49% | ||
| PM (TTM) | 12.38% | ||
| GM | 60.08% | ||
| FCFM | 30.8% |
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-Score5
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 14.47 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.33 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 248.79% | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 0.6 |
F-Score5
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)-11.21%
EPS 3Y4.48%
EPS 5Y2.14%
EPS Q2Q%-23.64%
EPS Next Y-26.06%
EPS Next 2Y-19.11%
EPS Next 3Y-14.33%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.57%
Revenue growth 3Y7.77%
Revenue growth 5Y24.15%
Sales Q2Q%-13.09%
Revenue Next Year-12.93%
Revenue Next 2Y-8.26%
Revenue Next 3Y-6.84%
Revenue Next 5YN/A
EBIT growth 1Y-7.21%
EBIT growth 3Y2.08%
EBIT growth 5Y25.94%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y533.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y533.77%
OCF growth 3YN/A
OCF growth 5YN/A