(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 | 1,283m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2015-03-18 |
GSBD Stock Ratings
| Growth Rating | -4.43% |
| Fundamental | 62.9% |
| Dividend Rating | 74.5% |
| Return 12m vs S&P 500 | -18.6% |
| Analyst Rating | 2.50 of 5 |
GSBD Dividends
| Dividend Yield 12m | 21.25% |
| Yield on Cost 5y | 27.82% |
| Annual Growth 5y | 0.00% |
| Payout Consistency | 96.1% |
| Payout Ratio | 55.9% |
GSBD Growth Ratios
| Growth Correlation 3m | 43% |
| Growth Correlation 12m | -53.8% |
| Growth Correlation 5y | 16.5% |
| CAGR 5y | 5.64% |
| CAGR/Max DD 5y | 0.19 |
| Sharpe Ratio 12m | 0.74 |
| Alpha | -16.12 |
| Beta | 0.576 |
| Volatility | 16.30% |
| Current Volume | 448.1k |
| Average Volume 20d | 545.4k |
| Stop Loss | 11 (-3.8%) |
| Signal | 0.71 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (150.6m TTM) > 0 and > 6% of Revenue (6% = 14.8m TTM) |
| FCFTA 0.10 (>2.0%) and ΔFCFTA 1.62pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 13.36% (prev 2.24%; Δ 11.13pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 268.8m > Net Income 150.6m (YES >=105%, WARN >=100%) |
| Net Debt (-108.0m) to EBITDA (107.2m) ratio: -1.01 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.34 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (117.2m) change vs 12m ago 2.48% (target <= -2.0% for YES) |
| Gross Margin 58.64% (prev 63.27%; Δ -4.63pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.02% (prev 7.02%; Δ 0.00pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.78 (EBITDA TTM 107.2m / Interest Expense TTM 111.7m) >= 6 (WARN >= 3) |
Altman Z'' -0.19
| (A) 0.01 = (Total Current Assets 129.1m - Total Current Liabilities 96.1m) / Total Assets 3.41b |
| (B) -0.12 = Retained Earnings (Balance) -420.9m / Total Assets 3.41b |
| (C) 0.06 = EBIT TTM 199.0m / Avg Total Assets 3.52b |
| (D) -0.22 = Book Value of Equity -420.7m / Total Liabilities 1.90b |
| Total Rating: -0.19 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 62.87
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 10.41% = 5.0 |
| 3. FCF Margin data missing |
| 4. Debt/Equity 1.36 = 1.65 |
| 5. Debt/Ebitda 19.15 = -2.50 |
| 6. ROIC - WACC 1.49% = 1.86 |
| 7. RoE 9.69% = 0.81 |
| 8. Rev. Trend 23.82% = 1.19 |
| 9. Rev. CAGR 66.43% = 2.50 |
| 10. EPS Trend 14.59% = 0.36 |
| 11. EPS CAGR 104.8% = 2.50 |
What is the price of GSBD shares?
Over the past week, the price has changed by +0.35%, over one month by -0.78%, over three months by +5.60% and over the past year by -4.83%.
Is Goldman Sachs BDC a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of GSBD is around 12.99 USD . This means that GSBD is currently undervalued and has a potential upside of +13.55% (Margin of Safety).
Is GSBD a buy, sell or hold?
- Strong Buy: 0
- Buy: 0
- Hold: 3
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the GSBD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10.9 | -4.5% |
| Analysts Target Price | 11.1 | -3.1% |
| ValueRay Target Price | 13.9 | 21.4% |
Last update: 2025-08-21 02:49
GSBD Fundamental Data Overview
CCE Cash And Equivalents = 108.0m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 8.992
P/E Forward = 10.7759
P/S = 3.1896
P/B = 0.8475
P/EG = 2.15
Beta = 0.798
Revenue TTM = 247.2m USD
EBIT TTM = 199.0m USD
EBITDA TTM = 107.2m USD
Long Term Debt = 1.96b USD (from nonCurrentLiabilitiesTotal, last fiscal year)
Short Term Debt = 96.1m USD (from totalCurrentLiabilities, last quarter)
Debt = 2.05b USD (Calculated: Short Term 96.1m + Long Term 1.96b)
Net Debt = -108.0m USD (from netDebt column, last quarter)
Enterprise Value = 3.23b USD (1.28b + Debt 2.05b - CCE 108.0m)
Interest Coverage Ratio = 1.78 (Ebit TTM 199.0m / Interest Expense TTM 111.7m)
FCF Yield = 10.41% (FCF TTM 336.0m / Enterprise Value 3.23b)
FCF Margin = 135.9% (FCF TTM 336.0m / Revenue TTM 247.2m)
Net Margin = 60.93% (Net Income TTM 150.6m / Revenue TTM 247.2m)
Gross Margin = 58.64% ((Revenue TTM 247.2m - Cost of Revenue TTM 102.2m) / Revenue TTM)
Tobins Q-Ratio = -7.67 (set to none) (Enterprise Value 3.23b / Book Value Of Equity -420.7m)
Interest Expense / Debt = 1.29% (Interest Expense 26.4m / Debt 2.05b)
Taxrate = 8.02% (from yearly Income Tax Expense: 5.48m / 68.3m)
NOPAT = 183.1m (EBIT 199.0m * (1 - 8.02%))
Current Ratio = 1.34 (Total Current Assets 129.1m / Total Current Liabilities 96.1m)
Debt / Equity = 1.36 (Debt 2.05b / last Quarter total Stockholder Equity 1.51b)
Debt / EBITDA = 19.15 (Net Debt -108.0m / EBITDA 107.2m)
Debt / FCF = 6.11 (Debt 2.05b / FCF TTM 336.0m)
Total Stockholder Equity = 1.56b (last 4 quarters mean)
RoA = 4.42% (Net Income 150.6m, Total Assets 3.41b )
RoE = 9.69% (Net Income TTM 150.6m / Total Stockholder Equity 1.56b)
RoCE = 5.67% (Ebit 199.0m / (Equity 1.56b + L.T.Debt 1.96b))
RoIC = 5.34% (NOPAT 183.1m / Invested Capital 3.43b)
WACC = 3.86% (E(1.28b)/V(3.34b) * Re(8.14%)) + (D(2.05b)/V(3.34b) * Rd(1.29%) * (1-Tc(0.08)))
Shares Correlation 5-Years: 100.0 | Cagr: 3.61%
Discount Rate = 8.14% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 73.58% ; FCFE base≈321.1m ; Y1≈248.8m ; Y5≈158.5m
Fair Price DCF = 25.57 (DCF Value 2.92b / Shares Outstanding 114.1m; 5y FCF grow -26.80% → 3.0% )
Revenue Correlation: 23.82 | Revenue CAGR: 66.43%
Rev Growth-of-Growth: -41.38
EPS Correlation: 14.59 | EPS CAGR: 104.8%
EPS Growth-of-Growth: -51.59
Additional Sources for GSBD Stock
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