(GSBD) Goldman Sachs BDC - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US38147U1079

Stock:

Total Rating 20
Risk 66
Buy Signal -1.40
Risk 5d forecast
Volatility 16.5%
Relative Tail Risk 1.66%
Reward TTM
Sharpe Ratio -0.97
Alpha -28.47
Character TTM
Beta 0.575
Beta Downside 0.951
Drawdowns 3y
Max DD 29.59%
CAGR/Max DD -0.15

EPS (Earnings per Share)

EPS (Earnings per Share) of GSBD over the last years for every Quarter: "2020-12": 0.48, "2021-03": 0.48, "2021-06": 0.48, "2021-09": 0.48, "2021-12": 0.48, "2022-03": 0.45, "2022-06": 0.45, "2022-09": 0.56, "2022-12": 0.64, "2023-03": 0.45, "2023-06": 0.58, "2023-09": 0.64, "2023-12": 0.55, "2024-03": 0.55, "2024-06": 0.58, "2024-09": 0.58, "2024-12": 0.48, "2025-03": 0.42, "2025-06": 0.34, "2025-09": 0.4, "2025-12": 0,

Revenue

Revenue of GSBD over the last years for every Quarter: 2020-12: 155.271, 2021-03: 65.362, 2021-06: 61.573, 2021-09: 53.18, 2021-12: 48.965, 2022-03: 51.538, 2022-06: 33.612, 2022-09: 17.242, 2022-12: 33.712, 2023-03: 56.644, 2023-06: 96.608, 2023-09: 83.657, 2023-12: 82.386, 2024-03: 73.551, 2024-06: -21.64, 2024-09: 70.693, 2024-12: 69.824, 2025-03: 96.94, 2025-06: 68.872, 2025-09: 55.81, 2025-12: null,

Description: GSBD Goldman Sachs BDC

Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income: 133.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.20 > 1.0
NWC/Revenue: 21.47% < 20% (prev 12.12%; Δ 9.36% < -1%)
CFO/TA 0.05 > 3% & CFO 158.5m > Net Income 133.1m
Net Debt (1.73b) to EBITDA (173.4m): 9.97 < 3
Current Ratio: 1.80 > 1.5 & < 3
Outstanding Shares: last quarter (114.4m) vs 12m ago -2.18% < -2%
Gross Margin: 62.08% > 18% (prev 0.44%; Δ 6164 % > 0.5%)
Asset Turnover: 8.41% > 50% (prev 5.78%; Δ 2.63% > 0%)
Interest Coverage Ratio: 0.55 > 6 (EBITDA TTM 173.4m / Interest Expense TTM 110.5m)

Altman Z'' -0.44

A: 0.02 (Total Current Assets 140.7m - Total Current Liabilities 78.1m) / Total Assets 3.39b
B: -0.13 (Retained Earnings -454.3m / Total Assets 3.39b)
C: 0.02 (EBIT TTM 61.3m / Avg Total Assets 3.47b)
D: -0.24 (Book Value of Equity -454.2m / Total Liabilities 1.93b)
Altman-Z'' Score: -0.44 = B

Beneish M

DSRI: 0.55 (Receivables 25.5m/32.8m, Revenue 291.4m/205.0m)
GMI: 0.71 (GM 62.08% / 44.34%)
AQI: none (AQ_t none / AQ_t-1 none)
SGI: 1.42 (Revenue 291.4m / 205.0m)
TATA: -0.01 (NI 133.1m - CFO 158.5m) / TA 3.39b)
Beneish M-Score: cannot calculate (missing components)

What is the price of GSBD shares?

As of February 25, 2026, the stock is trading at USD 9.15 with a total of 932,223 shares traded.
Over the past week, the price has changed by -0.97%, over one month by -3.17%, over three months by -1.73% and over the past year by -17.39%.

Is GSBD a buy, sell or hold?

Goldman Sachs BDC has received a consensus analysts rating of 2.50. Therefor, it is recommend to sell GSBD.
  • StrongBuy: 0
  • Buy: 0
  • Hold: 3
  • Sell: 0
  • StrongSell: 1

What are the forecasts/targets for the GSBD price?

Issuer Target Up/Down from current
Wallstreet Target Price 10.3 12.7%
Analysts Target Price 10.3 12.7%

GSBD Fundamental Data Overview February 24, 2026

P/E Trailing = 7.8957
P/E Forward = 10.7759
P/S = 2.7032
P/B = 0.7638
P/EG = 2.15
Revenue TTM = 291.4m USD
EBIT TTM = 61.3m USD
EBITDA TTM = 173.4m USD
Long Term Debt = unknown (none)
Short Term Debt = 359.8m USD (from shortTermDebt, last fiscal year)
Debt = 1.84b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.73b USD (from netDebt column, last quarter)
Enterprise Value = 2.76b USD (1.04b + Debt 1.84b - CCE 115.2m)
Interest Coverage Ratio = 0.55 (Ebit TTM 61.3m / Interest Expense TTM 110.5m)
EV/FCF = 17.45x (Enterprise Value 2.76b / FCF TTM 158.5m)
FCF Yield = 5.73% (FCF TTM 158.5m / Enterprise Value 2.76b)
FCF Margin = 54.37% (FCF TTM 158.5m / Revenue TTM 291.4m)
Net Margin = 45.67% (Net Income TTM 133.1m / Revenue TTM 291.4m)
Gross Margin = 62.08% ((Revenue TTM 291.4m - Cost of Revenue TTM 110.5m) / Revenue TTM)
Gross Margin QoQ = 49.69% (prev 61.64%)
Tobins Q-Ratio = 0.82 (Enterprise Value 2.76b / Total Assets 3.39b)
Interest Expense / Debt = 1.52% (Interest Expense 28.1m / Debt 1.84b)
Taxrate = 3.73% (956.0k / 25.7m)
NOPAT = 59.0m (EBIT 61.3m * (1 - 3.73%))
Current Ratio = 1.80 (Total Current Assets 140.7m / Total Current Liabilities 78.1m)
Debt / Equity = 1.27 (Debt 1.84b / totalStockholderEquity, last quarter 1.45b)
Debt / EBITDA = 9.97 (Net Debt 1.73b / EBITDA 173.4m)
Debt / FCF = 10.91 (Net Debt 1.73b / FCF TTM 158.5m)
Total Stockholder Equity = 1.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.84% (Net Income 133.1m / Total Assets 3.39b)
RoE = 8.74% (Net Income TTM 133.1m / Total Stockholder Equity 1.52b)
RoCE = 1.85% (EBIT 61.3m / Capital Employed (Total Assets 3.39b - Current Liab 78.1m))
RoIC = 1.74% (NOPAT 59.0m / Invested Capital 3.38b)
WACC = 3.83% (E(1.04b)/V(2.88b) * Re(8.03%) + D(1.84b)/V(2.88b) * Rd(1.52%) * (1-Tc(0.04)))
Discount Rate = 8.03% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.18%
[DCF Debug] Terminal Value 87.24% ; FCFF base≈164.3m ; Y1≈181.0m ; Y5≈232.4m
Fair Price DCF = 44.98 (EV 6.86b - Net Debt 1.73b = Equity 5.13b / Shares 114.1m; r=5.90% [WACC]; 5y FCF grow 11.65% → 2.90% )
EPS Correlation: -53.26 | EPS CAGR: -45.50% | SUE: -4.0 | # QB: 0
Revenue Correlation: -2.63 | Revenue CAGR: 3.55% | SUE: -0.36 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.33 | Chg30d=+0.002 | Revisions Net=+0 | Analysts=5
EPS next Year (2026-12-31): EPS=1.31 | Chg30d=+0.004 | Revisions Net=-1 | Growth EPS=-14.9% | Growth Revenue=-11.0%

Additional Sources for GSBD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle