(GSBD) Goldman Sachs BDC - Ratings and Ratios
Senior, Secured, Corporate, Debt
GSBD EPS (Earnings per Share)
GSBD Revenue
Description: GSBD Goldman Sachs BDC
Goldman Sachs BDC Inc (NYSE:GSBD) is a US-based company operating in the Asset Management & Custody Banks sub-industry, with a market capitalization of approximately $1.32 billion. As a Business Development Company (BDC), GSBD provides financing to middle-market companies, generating income through interest and fees.
The companys financial performance is influenced by key economic drivers such as interest rates, credit quality, and the overall state of the economy. As a BDC, GSBDs revenue is primarily driven by the yield on its investment portfolio, which is sensitive to changes in interest rates. The companys ability to manage credit risk and maintain a high-quality portfolio is crucial to its financial performance.
Key performance indicators (KPIs) to monitor for GSBD include net investment income (NII), net asset value (NAV) per share, and the ratio of non-accrual investments to total investments. A stable or increasing NII and NAV per share indicate a healthy financial performance, while a low ratio of non-accrual investments suggests effective credit risk management.
The companys valuation multiples, such as the price-to-earnings (P/E) ratio of 26.16, should be evaluated in the context of its peers and the broader BDC industry. The forward P/E ratio of 10.78 suggests that the market expects GSBDs earnings to grow in the future. Return on equity (RoE) of 3.30% is relatively low, indicating that the company may be facing challenges in generating returns for its shareholders.
To assess GSBDs investment potential, it is essential to analyze its portfolio composition, industry diversification, and the experience of its management team. A thorough examination of these factors, combined with ongoing monitoring of KPIs and economic drivers, can provide insights into the companys ability to deliver long-term value to its shareholders.
GSBD Stock Overview
| Market Cap in USD | 1,320m |
| Sector | Financial Services |
| Industry | Asset Management |
| GiC Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2015-03-18 |
GSBD Stock Ratings
| Growth Rating | 3.90 |
| Fundamental | 55.0% |
| Dividend Rating | 75.9 |
| Rel. Strength | -23.1 |
| Analysts | 2.50 of 5 |
| Fair Price Momentum | 12.32 USD |
| Fair Price DCF | 7.80 USD |
GSBD Dividends
| Dividend Yield 12m | 16.88% |
| Yield on Cost 5y | 21.70% |
| Annual Growth 5y | 0.00% |
| Payout Consistency | 96.1% |
| Payout Ratio | 78.5% |
GSBD Growth Ratios
| Growth Correlation 3m | 78.7% |
| Growth Correlation 12m | -61.5% |
| Growth Correlation 5y | 19.7% |
| CAGR 5y | 5.01% |
| CAGR/Max DD 5y | 0.17 |
| Sharpe Ratio 12m | 0.68 |
| Alpha | -17.98 |
| Beta | 0.576 |
| Volatility | 20.07% |
| Current Volume | 794.4k |
| Average Volume 20d | 610.6k |
| Stop Loss | 10.9 (-3%) |
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (52.0m TTM) > 0 and > 6% of Revenue (6% = 12.9m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA -1.19pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 20.66% (prev 26.24%; Δ -5.58pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 220.6m > Net Income 52.0m (YES >=105%, WARN >=100%) |
| Net Debt (1.79b) to EBITDA (20.5m) ratio: 87.30 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.72 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (117.3m) change vs 12m ago 6.56% (target <= -2.0% for YES) |
| Gross Margin 46.99% (prev 76.81%; Δ -29.82pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 6.12% (prev 9.88%; Δ -3.76pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.97 (EBITDA TTM 20.5m / Interest Expense TTM 114.4m) >= 6 (WARN >= 3) |
Altman Z'' -0.29
| (A) 0.01 = (Total Current Assets 106.3m - Total Current Liabilities 61.7m) / Total Assets 3.50b |
| (B) -0.11 = Retained Earnings (Balance) -398.4m / Total Assets 3.50b |
| (C) 0.03 = EBIT TTM 110.7m / Avg Total Assets 3.53b |
| (D) -0.20 = Book Value of Equity -398.3m / Total Liabilities 1.96b |
| Total Rating: -0.29 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 55.04
| 1. Piotroski 3.50pt = -1.50 |
| 2. FCF Yield 6.91% = 3.45 |
| 3. FCF Margin data missing |
| 4. Debt/Equity 1.26 = 1.75 |
| 5. Debt/Ebitda 95.48 = -2.50 |
| 6. ROIC - WACC -1.15% = -1.44 |
| 7. RoE 3.30% = 0.27 |
| 8. Revenue Trend data missing |
| 9. Rev. CAGR 77.16% = 2.50 |
| 10. EPS Trend data missing |
| 11. EPS CAGR 92.98% = 2.50 |
As of August 13, 2025, the stock is trading at USD 11.24 with a total of 794,417 shares traded.
Over the past week, the price has changed by +1.17%, over one month by -4.75%, over three months by +6.57% and over the past year by -4.08%.
Neither. Based on ValueRay´s Fundamental Analyses, Goldman Sachs BDC is currently (August 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 55.04 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of GSBD is around 12.32 USD . This means that GSBD is currently overvalued and has a potential downside of 9.61%.
Goldman Sachs BDC has received a consensus analysts rating of 2.50. Therefor, it is recommend to sell GSBD.
- Strong Buy: 0
- Buy: 0
- Hold: 3
- Sell: 0
- Strong Sell: 1
According to our own proprietary Forecast Model, GSBD Goldman Sachs BDC will be worth about 13.2 in August 2026. The stock is currently trading at 11.24. This means that the stock has a potential upside of +17.26%.
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 11.1 | -1.4% |
| Analysts Target Price | 11.1 | -1.4% |
| ValueRay Target Price | 13.2 | 17.3% |
GSBD Fundamental Data Overview
CCE Cash And Equivalents = 82.8m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 26.1628
P/E Forward = 10.7759
P/S = 3.2816
P/B = 0.8525
P/EG = 2.15
Beta = 0.798
Revenue TTM = 215.8m USD
EBIT TTM = 110.7m USD
EBITDA TTM = 20.5m USD
Long Term Debt = 1.89b USD (from nonCurrentLiabilitiesTotal, last quarter)
Short Term Debt = 61.7m USD (from totalCurrentLiabilities, last quarter)
Debt = 1.96b USD (Calculated: Short Term 61.7m + Long Term 1.89b)
Net Debt = 1.79b USD (from netDebt column, last quarter)
Enterprise Value = 3.19b USD (1.32b + Debt 1.96b - CCE 82.8m)
Interest Coverage Ratio = 0.97 (Ebit TTM 110.7m / Interest Expense TTM 114.4m)
FCF Yield = 6.91% (FCF TTM 220.6m / Enterprise Value 3.19b)
[93m FCF Margin = 102.2% (FCF TTM 220.6m / Revenue TTM 215.8m)
[39m Net Margin = 24.08% (Net Income TTM 52.0m / Revenue TTM 215.8m)
Gross Margin = 46.99% ((Revenue TTM 215.8m - Cost of Revenue TTM 114.4m) / Revenue TTM)
[93m Tobins Q-Ratio = -8.02 (set to none) (Enterprise Value 3.19b / Book Value Of Equity -398.3m)
[39m Interest Expense / Debt = 1.45% (Interest Expense 28.3m / Debt 1.96b)
Taxrate = 8.02% (from yearly Income Tax Expense: 5.48m / 68.3m)
NOPAT = 101.8m (EBIT 110.7m * (1 - 8.02%))
Current Ratio = 1.72 (Total Current Assets 106.3m / Total Current Liabilities 61.7m)
Debt / Equity = 1.26 (Debt 1.96b / last Quarter total Stockholder Equity 1.55b)
Debt / EBITDA = 95.48 (Net Debt 1.79b / EBITDA 20.5m)
Debt / FCF = 8.87 (Debt 1.96b / FCF TTM 220.6m)
Total Stockholder Equity = 1.58b (last 4 quarters mean)
RoA = 1.48% (Net Income 52.0m, Total Assets 3.50b )
RoE = 3.30% (Net Income TTM 52.0m / Total Stockholder Equity 1.58b)
RoCE = 3.19% (Ebit 110.7m / (Equity 1.58b + L.T.Debt 1.89b))
RoIC = 2.92% (NOPAT 101.8m / Invested Capital 3.48b)
WACC = 4.07% (E(1.32b)/V(3.28b) * Re(8.14%)) + (D(1.96b)/V(3.28b) * Rd(1.45%) * (1-Tc(0.08)))
Shares Correlation 5-Years: 100.0 | Cagr: 2.90%
Discount Rate = 8.14% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 65.77% ; FCFE base≈238.6m ; Y1≈134.5m ; Y5≈45.3m
Fair Price DCF = 7.80 (DCF Value 914.5m / Shares Outstanding 117.3m; 5y FCF grow -50.0% → 2.90% )
Revenue Correlation: N/A | Revenue CAGR: 77.16%
Revenue Growth Correlation: 21.66%
EPS Correlation: N/A | EPS CAGR: 92.98%
EPS Growth Correlation: -2.00%
Additional Sources for GSBD Stock
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Fund Manager Positions: Dataroma | Stockcircle