GSBD Stock Analysis: Goldman Sachs BDC | NYSE
Asset Management | NYSE, USA | Market Cap: 1.019m USD | 12M Return: 6.6% | US38147U1079 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.43M
EPS Trend: -88.4%
Qual. Beats: 0
Rev. Trend: 19.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.5 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 that focuses on providing debt and equity financing to middle-market private companies, primarily in the United States. The firm originates a range of investment structures, including senior secured, junior secured (such as first lien, unitranche, and second lien), and unsecured debt such as mezzanine financing, with selective equity investments. It targets companies with EBITDA between $5 million and $75 million, with typical investment sizes ranging from $10 million to $75 million.
As a BDC, the company operates under a regulated structure that allows it to pass through taxable income to shareholders, provided it distributes at least 90% of its earnings-a defining feature of the business development company model. Listed on the NYSE since its 2015 IPO and classified within the Asset Management & Custody Banks sub-industry, GSBD leverages the Goldman Sachs brand and platform to source and underwrite middle-market credit opportunities.
- Floating rate loan portfolio lifts net interest income
- Middle market credit deterioration raises non-accrual risk
- Dividend coverage pressured by declining net investment income
| Net Income: 58.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -9.77 > 1.0 |
| NWC/Revenue: 0.87% < 20% (prev 18.85%; Δ -17.98% < -1%) |
| CFO/TA 0.03 > 3% & CFO 89.0m > Net Income 58.5m |
| Net Debt (1.80b) to EBITDA (306.4m): 5.88 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (112.6m) vs 12m ago -3.96% < -2% |
| Gross Margin: 78.62% > 18% (prev 63.53%; Δ 15.09% > 0.5%) |
| Asset Turnover: 9.63% > 50% (prev 8.98%; Δ 0.65% > 0%) |
| Interest Coverage Ratio: 1.27 > 6 (EBIT TTM 148.8m / Interest Expense TTM 117.0m) |
| A: 0.00 (Total Current Assets 74.5m - Total Current Liabilities 71.7m) / Total Assets 3.29b |
| B: -0.16 (Retained Earnings -522.1m / Total Assets 3.29b) |
| C: 0.04 (EBIT TTM 148.8m / Avg Total Assets 3.35b) |
| D: 0.70 (Book Value of Equity 1.36b / Total Liabilities 1.93b) |
| Altman-Z'' = 0.53 = B |
As of October 10, 2026, the stock is trading at USD 8.77 with a total of 881,117 shares traded. Over the past week, the price has changed by -3.31%, over one month by -5.85%, over three months by +6.47% and over the past year by +6.58%.
Current recommended Stop Loss: 8.40 (which is 4.2% or 1.7 ATR below the current price).
Goldman Sachs BDC has received a consensus analysts rating of 2.40. Therefore, it is recommended to sell GSBD.
- StrongBuy: 0
- Buy: 0
- Hold: 3
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 8.9 | 1.9% |
P/E Trailing = 17.4038
P/E Forward = 10.7759
P/S = 2.9948
P/B = 0.8068
P/EG = 2.15
Revenue TTM = 322.6m USD
EBIT TTM = 148.8m USD
EBITDA TTM = 306.4m USD
Long Term Debt = 1.85b USD (estimated: total debt 1.85b - short term 2.36m)
Short Term Debt = 2.36m USD (from shortTermDebt, last quarter)
Debt = 1.85b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.80b USD (calculated: Debt 1.85b - CCE 50.7m)
Enterprise Value = 2.82b USD (1.02b + Debt 1.85b - CCE 50.7m)
Interest Coverage Ratio = 1.27 (Ebit TTM 148.8m / Interest Expense TTM 117.0m)
EV/FCF = 31.71x (Enterprise Value 2.82b / FCF TTM 89.0m)
FCF Yield = 3.15% (FCF TTM 89.0m / Enterprise Value 2.82b)
FCF Margin = 27.58% (FCF TTM 89.0m / Revenue TTM 322.6m)
Net Margin = 18.13% (Net Income TTM 58.5m / Revenue TTM 322.6m)
Gross Margin = 78.62% ((Revenue TTM 322.6m - Cost of Revenue TTM 69.0m) / Revenue TTM)
Gross Margin QoQ = 92.21% (prev 73.63%)
Tobins Q-Ratio = 0.86 (Enterprise Value 2.82b / Total Assets 3.29b)
Interest Expense / Debt = 6.31% (Interest Expense 117.0m / Debt 1.85b)
Taxrate = 5.85% (3.63m / 62.1m)
NOPAT = 140.1m (EBIT 148.8m * (1 - 5.85%))
Current Ratio = 1.04 (Total Current Assets 74.5m / Total Current Liabilities 71.7m)
Debt / Equity = 1.36 (Debt 1.85b / totalStockholderEquity, last quarter 1.36b)
Debt / EBITDA = 5.88 (Net Debt 1.80b / EBITDA 306.4m)
Debt / FCF = 20.26 (Net Debt 1.80b / FCF TTM 89.0m)
Total Stockholder Equity = 1.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.75% (Net Income 58.5m / Total Assets 3.29b)
RoE = 4.17% (Net Income TTM 58.5m / Total Stockholder Equity 1.40b)
RoCE = 4.58% (EBIT 148.8m / Capital Employed (Equity 1.40b + L.T.Debt 1.85b))
RoIC = 4.38% (NOPAT 140.1m / Invested Capital 3.20b)
WACC = 6.67% (E(1.02b)/V(2.87b) * Re(8.0%) + D(1.85b)/V(2.87b) * Rd(6.31%) * (1-Tc(0.06)))
Discount Rate = 8.0% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 1.66 | Cagr: 1.00%
[DCF] Terminal Value 73.10% ; FCFF base≈223.6m ; Y1≈196.1m ; Y5≈158.4m
[DCF] Fair Price = 6.58 (EV 2.54b - Net Debt 1.80b = Equity 740.8m / Shares 112.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -88.45 | EPS CAGR: -26.02% | SUE: 0.38 | # QB: 0
Revenue Correlation: 19.31 | Revenue CAGR: 4.35% | SUE: 0.31 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.35 | Chg30d=+12.82% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=1.29 | Chg30d=+14.80% | Revisions=+50% | GrowthEPS=-17.5% | GrowthRev=-11.2%
EPS next Year (2027-12-31): EPS=1.15 | Chg30d=+6.28% | Revisions=+40% | GrowthEPS=-11.2% | GrowthRev=-4.8%
[Analyst] Revisions Ratio: +73% (up=8, down=0)