GSBD Stock Analysis: Goldman Sachs BDC | NYSE
Asset Management | NYSE, USA | Market Cap: 1.067m USD | 12M Return: -2.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.40M
EPS Trend: -88.6%
Qual. Beats: -1
Rev. Trend: 22.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Goldman Sachs BDC, Inc. (GSBD) is a Business Development Company (BDC) that primarily lends to and invests in U.S. middle-market private companies. Its investment activity focuses on generating capital appreciation through directly originated debt instruments-including senior secured loans, junior secured loans (first lien, first lien/last-out unitranche, and second lien), unsecured mezzanine debt, and, to a lesser extent, equity stakes. Typical investments range from $10 million to $75 million in companies generating $5 million to $75 million in annual EBITDA.
BDCs are regulated under the Investment Company Act of 1940 and are generally required to distribute most of their taxable income to shareholders as dividends, making them a common income-oriented vehicle. As part of the broader asset management and custody banking sector, GSBD sits within the private credit market, which has grown as alternative lenders fill financing gaps for mid-sized borrowers underserved by traditional banks.
- Middle market credit losses rise on borrower refinancing stress
- Net interest margin compresses as benchmark rates decline
- Private credit competition pressures new deal pricing and spreads
| Net Income: 74.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.27 > 1.0 |
| NWC/Revenue: 0.52% < 20% (prev 20.66%; Δ -20.14% < -1%) |
| CFO/TA 0.06 > 3% & CFO 199.4m > Net Income 74.1m |
| Net Debt (1.86b) to EBITDA (221.4m): 8.40 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (112.6m) vs 12m ago -4.03% < -2% |
| Gross Margin: 69.55% > 18% (prev 46.99%; Δ 22.56% > 0.5%) |
| Asset Turnover: 8.37% > 50% (prev 6.16%; Δ 2.21% > 0%) |
| Interest Coverage Ratio: 1.19 > 6 (EBIT TTM 135.2m / Interest Expense TTM 113.3m) |
| A: 0.00 (Total Current Assets 67.0m - Total Current Liabilities 65.5m) / Total Assets 3.34b |
| B: -0.15 (Retained Earnings -509.7m / Total Assets 3.34b) |
| C: 0.04 (EBIT TTM 135.2m / Avg Total Assets 3.42b) |
| D: 0.69 (Book Value of Equity 1.37b / Total Liabilities 1.97b) |
| Altman-Z'' = 0.50 = B |
As of July 04, 2026, the stock is trading at USD 9.58 with a total of 734,100 shares traded. Over the past week, the price has changed by +6.87%, over one month by +11.31%, over three months by +7.10% and over the past year by -2.69%.
Current recommended Stop Loss: 9.20 (which is 4% or 1.7 ATR below the current price).
Goldman Sachs BDC has received a consensus analysts rating of 2.50. Therefore, it is recommended to sell GSBD.
- StrongBuy: 0
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 8.9 | -7.3% |
P/E Trailing = 14.8125
P/E Forward = 10.7759
P/S = 3.0716
P/B = 0.779
P/EG = 2.15
Revenue TTM = 286.4m USD
EBIT TTM = 135.2m USD
EBITDA TTM = 221.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 1.90b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.86b USD (calculated: Debt 1.90b - CCE 41.9m)
Enterprise Value = 2.93b USD (1.07b + Debt 1.90b - CCE 41.9m)
Interest Coverage Ratio = 1.19 (Ebit TTM 135.2m / Interest Expense TTM 113.3m)
EV/FCF = 14.68x (Enterprise Value 2.93b / FCF TTM 199.4m)
FCF Yield = 6.81% (FCF TTM 199.4m / Enterprise Value 2.93b)
FCF Margin = 69.61% (FCF TTM 199.4m / Revenue TTM 286.4m)
Net Margin = 25.87% (Net Income TTM 74.1m / Revenue TTM 286.4m)
Gross Margin = 69.55% ((Revenue TTM 286.4m - Cost of Revenue TTM 87.2m) / Revenue TTM)
Gross Margin QoQ = 73.63% (prev 85.55%)
Tobins Q-Ratio = 0.88 (Enterprise Value 2.93b / Total Assets 3.34b)
Interest Expense / Debt = 5.96% (Interest Expense 113.3m / Debt 1.90b)
Taxrate = 4.77% (3.71m / 77.8m)
NOPAT = 128.8m (EBIT 135.2m * (1 - 4.77%))
Current Ratio = 1.02 (Total Current Assets 67.0m / Total Current Liabilities 65.5m)
Debt / Equity = 1.39 (Debt 1.90b / totalStockholderEquity, last quarter 1.37b)
Debt / EBITDA = 8.40 (Net Debt 1.86b / EBITDA 221.4m)
Debt / FCF = 9.33 (Net Debt 1.86b / FCF TTM 199.4m)
Total Stockholder Equity = 1.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.16% (Net Income 74.1m / Total Assets 3.34b)
RoE = 5.14% (Net Income TTM 74.1m / Total Stockholder Equity 1.44b)
RoCE = 4.13% (EBIT 135.2m / Capital Employed (Total Assets 3.34b - Current Liab 65.5m))
RoIC = 3.95% (NOPAT 128.8m / Invested Capital 3.26b)
WACC = 6.55% (E(1.07b)/V(2.97b) * Re(8.12%) + D(1.90b)/V(2.97b) * Rd(5.96%) * (1-Tc(0.05)))
Discount Rate = 8.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 28.89 | Cagr: 1.21%
[DCF] Terminal Value 77.97% ; FCFF base≈171.3m ; Y1≈196.4m ; Y5≈289.0m
[DCF] Fair Price = 22.12 (EV 4.35b - Net Debt 1.86b = Equity 2.49b / Shares 112.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -88.64 | EPS CAGR: -16.67% | SUE: -2.39 | # QB: -1
Revenue Correlation: 22.29 | Revenue CAGR: 5.16% | SUE: -0.07 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.31 | Chg30d=-4.29% | Revisions=-12% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.31 | Chg30d=-0.63% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=1.13 | Chg30d=-8.10% | Revisions=-62% | GrowthEPS=-27.8% | GrowthRev=-13.9%
EPS next Year (2027-12-31): EPS=1.09 | Chg30d=-7.91% | Revisions=-62% | GrowthEPS=-3.5% | GrowthRev=-3.8%
[Analyst] Revisions Ratio: -50% (up=4, down=15)