GSBD Stock Analysis: Goldman Sachs BDC | NYSE
Asset Management | NYSE, USA | Market Cap: 1.092m USD | 12M Return: 2.7% | US38147U1079 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.53M
EPS Trend: -88.4%
Qual. Beats: 0
Rev. Trend: 19.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.4 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: 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 August 15, 2026, the stock is trading at USD 9.85 with a total of 829,012 shares traded. Over the past week, the price has changed by +1.03%, over one month by +10.67%, over three months by +14.19% and over the past year by +2.73%.
Current recommended Stop Loss: 9.40 (which is 4.6% 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 | -9.2% |
P/E Trailing = 15.1563
P/E Forward = 10.7759
P/S = 3.104
P/B = 0.8011
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 = 2.89b USD (1.09b + Debt 1.85b - CCE 50.7m)
Interest Coverage Ratio = 1.27 (Ebit TTM 148.8m / Interest Expense TTM 117.0m)
EV/FCF = 32.53x (Enterprise Value 2.89b / FCF TTM 89.0m)
FCF Yield = 3.07% (FCF TTM 89.0m / Enterprise Value 2.89b)
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 = 0.88 (Enterprise Value 2.89b / 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 = 6.75% (E(1.09b)/V(2.94b) * Re(8.11%) + D(1.85b)/V(2.94b) * Rd(6.31%) * (1-Tc(0.06)))
Discount Rate = 8.11% (= 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=+12.98% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=1.30 | Chg30d=+15.25% | Revisions=-25% | GrowthEPS=-17.2% | GrowthRev=-11.2%
EPS next Year (2027-12-31): EPS=1.14 | Chg30d=+5.36% | Revisions=-25% | GrowthEPS=-12.3% | GrowthRev=-4.8%
[Analyst] Revisions Ratio: -50% (up=0, down=3)