Goldman Sachs BDC (GSBD) Panoramica del titolo
Goldman Sachs BDC, Inc. è una società di sviluppo aziendale specializzata in investimenti nel mercato medio e mezzanino di società private. Maggiori dettagli
| Punteggio fiocco di neve | |
|---|---|
| Valutazione | 1/6 |
| Crescita futura | 3/6 |
| Prestazioni passate | 0/6 |
| Salute finanziaria | 0/6 |
| Dividendi | 2/6 |
GSBD Community Fair Values
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Analyst Price Targets
Concorrenti di Goldman Sachs BDC, Inc.
Storia dei prezzi e prestazioni
| Prezzi storici delle azioni | |
|---|---|
| Prezzo attuale dell'azione | US$9.85 |
| Massimo di 52 settimane | US$11.53 |
| Minimo di 52 settimane | US$8.36 |
| Beta | 0.63 |
| Variazione di 1 mese | 10.18% |
| Variazione a 3 mesi | 10.30% |
| Variazione di 1 anno | -11.50% |
| Variazione a 3 anni | -30.97% |
| Variazione a 5 anni | -47.77% |
| Variazione dall'IPO | -50.87% |
Notizie e aggiornamenti recenti
Seeking Alpha • Aug 12
Goldman Sachs BDC: Limited Catalysts For Earnings Growth
Summary Goldman Sachs BDC remains a hold as portfolio growth and NAV continue to decline amid sector headwinds. GSBD's 14.1% dividend yield is well-covered by net investment income, with a 116% coverage rate and $0.89 per share in spillover income. New investment activity remains muted, with negative net funded investments and limited catalysts for near-term NAV or earnings growth. GSBD trades at a 19.15% discount to NAV, reflecting both sector challenges and persistent growth limitations despite improving non-accruals. Read the full article on Seeking Alpha
Aggiornamento narrativa • Jun 26
GSBD: Lower Yields And Slower Deployment Will Shape Forward Risk Reward Balance
Analysts have trimmed their fair value estimate for Goldman Sachs BDC from $10.25 to $8.88, citing updated models that factor in lower interest yields, slower investment activity, modestly weaker credit trends across the group, and a reduced forward P/E multiple, while still viewing valuations as generally supportive for the broader BDC sector. What's in the News for Goldman Sachs BDC Goldman Sachs BDC reported that from January 1, 2026 to March 31, 2026, it repurchased 0 shares, totaling US$0 million, under its existing share buyback authorization.Recent updates
Seeking Alpha • Aug 12
Goldman Sachs BDC: Limited Catalysts For Earnings Growth
Summary Goldman Sachs BDC remains a hold as portfolio growth and NAV continue to decline amid sector headwinds. GSBD's 14.1% dividend yield is well-covered by net investment income, with a 116% coverage rate and $0.89 per share in spillover income. New investment activity remains muted, with negative net funded investments and limited catalysts for near-term NAV or earnings growth. GSBD trades at a 19.15% discount to NAV, reflecting both sector challenges and persistent growth limitations despite improving non-accruals. Read the full article on Seeking AlphaAggiornamento narrativa • Jun 26
GSBD: Lower Yields And Slower Deployment Will Shape Forward Risk Reward Balance
Analysts have trimmed their fair value estimate for Goldman Sachs BDC from $10.25 to $8.88, citing updated models that factor in lower interest yields, slower investment activity, modestly weaker credit trends across the group, and a reduced forward P/E multiple, while still viewing valuations as generally supportive for the broader BDC sector. What's in the News for Goldman Sachs BDC Goldman Sachs BDC reported that from January 1, 2026 to March 31, 2026, it repurchased 0 shares, totaling US$0 million, under its existing share buyback authorization.Seeking Alpha • Mar 20
Goldman Sachs BDC: Dividend Alignment, But Still A Buy
Summary Goldman Sachs BDC cut its base dividend by 29% due to high non-accruals and decreased net investment income, impacting income-dependent investors. Despite the dividend cut, GSBD remains attractive due to its discount to NAV and potential for performance improvement. GSBD's portfolio is highly collateralized with 97% First Lien investments, but higher non-accruals pose risks to net asset value and income. The private credit market offers long-term growth opportunities, and GSBD could re-rate upward if it lowers its non-accrual ratio. Read the full article on Seeking AlphaSeeking Alpha • Mar 02
Goldman Sachs BDC: Dividend Cut As Expected, Risk Of Underperformance Still There
Summary I have been bearish on GSBD since April 2024. The thesis has worked out nicely, and the dividend cut has come in as expected. Yet, after the cut, the fundamentals still remain in a bad shape. Even though GSBD is exposed to many struggles, the P/NAV stands at 0.95x, which, in my view, is way too low to account for all of the risks. In this article, I elaborate on the key reasons why I, in my view, GSBD should be still avoided. Read the full article on Seeking AlphaSeeking Alpha • Jan 23
Goldman Sachs BDC: Risky, Yet Likely Worth It
Summary Goldman Sachs BDC's portfolio has diversified sector exposure, with notable changes in exposure to software, health care, and professional services since our last coverage. Despite an earnings miss in Q3, we hold a positive outlook on Q4 revenue and believe a favourable asset-liability spread will lead to a solid EPS figure. The BDC's forward dividend yield of 14%+ could make it a lucrative opportunity if price stability emerges. In our view, the BDC's salient risks include expensive refinancing rates and its current downside price momentum. Read the full article on Seeking AlphaSeeking Alpha • Jan 07
Goldman Sachs BDC: Price Drop Creates An Attractive Buying Opportunity
Summary I maintain my buy rating on Goldman Sachs BDC due to its strong dividend coverage, diverse portfolio, and attractive valuation despite recent price declines. GSBD's portfolio is well-constructed, with a focus on first lien senior secured debt. Earnings currently support the 14.7% dividend yield, making it appealing for income investors. The higher interest rate environment has impacted GSBD's portfolio quality, but non-accrual rates have improved, and management continues to invest in new opportunities. Potential interest rate cuts in 2025 could provide relief, improving operating margins and growth. Although, there is a risk that a prolonged period of elevated rates could cause further decline. Read the full article on Seeking AlphaSeeking Alpha • Dec 21
Goldman Sachs BDC: This Is Not A BDC You Want To Have Now
Summary In December 2023, I issued my first relatively bearish article on GSBD. The argument was that GSBD lacked the financial firepower to grow. Since then, GSBD has underperformed the BDC market by ~20%. In this article, I assess the recent earnings results and share my views as to whether the investment case has improved or not. Read the full article on Seeking AlphaSeeking Alpha • Dec 05
Goldman Sachs BDC: Contrarian Buy Near 1-Year Lows (Rating Upgrade)
Summary Goldman Sachs BDC's non-accrual percentage has improved, and shares now trade at a discount to book value, presenting a contrarian buying opportunity. Despite increased non-performing loans, Goldman Sachs BDC's dividend remains well-supported by net investment income, with a coverage ratio of 1.29X in Q3'24. The investment firm's reliance on variable rate loans poses a risk, but the dividend appears secure unless non-accrual loans increase or net investment income drops significantly. Investors with high risk tolerance may find Goldman Sachs BDC attractive due to its potential to narrow the share price and net asset value gap. Read the full article on Seeking AlphaSeeking Alpha • Nov 20
Goldman Sachs BDC: Important Improvements But Headwinds Warrant Caution (Rating Downgrade)
Summary Despite attractive 13.9% yield, Goldman Sachs BDC faces credit quality concerns, declining NAV, and top/bottom line erosion, leading me to downgrade them from a buy to a hold. Payment-in-kind income also declined quarter-over-quarter but could see rises in the future due to impacts from declining interest rates. Improvements include higher originations, lower non-accruals, and increased portfolio company count, but persistent headwinds remain a concern for investors. Dividend coverage is solid at 131% with ample spillover income, but declining interest rates may pose future risks. Valuation at 0.95x price-to-NAV is attractive, but better high-yield alternatives exist in the market. Read the full article on Seeking AlphaSeeking Alpha • Oct 28
Goldman Sachs BDC: Rising Concerns, But I'm Confident Dividend Remains Secure
Summary Goldman Sachs BDC faces credit quality issues but maintains strong fundamentals, including a solid balance sheet and high dividend coverage, making it a buy. Despite a recent share price decline and rising non-accruals, the company's first-lien loan exposure and spillover income ensure dividend safety. GSBD's portfolio grew to 155 companies with increased first-lien exposure, enhancing confidence in future credit quality improvements. The current share price drop presents a buying opportunity for a high-yielding stock with robust fundamentals and ample dividend coverage. Read the full article on Seeking AlphaSeeking Alpha • Oct 14
Goldman Sachs BDC: Strong Dividend Coverage But Some Portfolio Concerns
Summary Goldman Sachs BDC has experienced a price drop due to rising non-accrual rates. However, it now trades at an attractive discount to NAV, presenting a buying opportunity. GSBD's portfolio is diversified, with 92.3% in senior secured debt, protecting against defaults. The high dividend yield of 13.3% is well-covered by earnings, ensuring stability for income-focused investors even in a changing interest rate environment. Future interest rate cuts could improve portfolio quality and NAV growth, making GSBD a compelling buy despite current challenges. Read the full article on Seeking AlphaSeeking Alpha • Aug 26
Goldman Sachs BDC: The Weak Quality Factor Has Kicked In
Summary Goldman Sachs BDC has significantly underperformed the BDC index, primarily because of the portfolio quality issues. While Q2 2024 could be considered a strong quarter in terms of the adjusted NII generation, the rising non-accruals have caused notable damage, leading to NAV reduction and increasing leverage. There are some underlying positives, mainly related to the uptick in transaction volumes that could help GSBD gradually improve its quality. However, after assessing the key credit metrics and given the presence of a premium over NAV, I have decided to still avoid this BDC. Read the full article on Seeking AlphaSeeking Alpha • Aug 16
Goldman Sachs BDC: Time To Buy The Crash, Lock In A 13% Yield
Summary Goldman Sachs BDC stock price dropped, now at an 8% discount to book value. Factors for decline include U.S. recession concerns and increase in non-accruals and investment losses. Despite credit quality deterioration, the dividend is well-covered, making it a potentially beneficial purchase at a discount. Read the full article on Seeking AlphaSeeking Alpha • Jul 26
Goldman Sachs BDC: Decreasing Non-Accruals And Increased Investment Activity (Upgrade)
Summary Goldman Sachs BDC maintains a high distribution rate of 11.9%. The dividend has never been cut, which makes this a reliable income investment. Portfolio consists of 149 companies, the majority on first lien senior secured basis, with improving credit quality. Non-accruals have decreased quarter over quarter. Current valuation of GSBD is attractive with potential for price recovery due to future interest rate cuts. Interest rate cuts may serve as a catalyst for portfolio growth, since acquiring debt would be more attractive for portfolio companies. Read the full article on Seeking AlphaSeeking Alpha • Jul 05
Goldman Sachs BDC: Improvements, But Key Risks Remain
Summary GSBD's Q1, 2024 performance embodied some improvements relative to the results delivered in the prior quarter. At its core, GSBD generates decent NII compared to the dividend distributions levels. While the NII continued to drop, the funding volumes have started to exhibit favorable momentum, which should stabilize the NII levels going forward. However, there are still some material concerns around the underlying portfolio quality. In this article, I elaborate on the key dynamics of Q1 and explain why my investment stance on GSBD continues to be some what conservative. Read the full article on Seeking AlphaSeeking Alpha • Jun 04
Goldman Sachs BDC: Lock In A High-Quality 12% Yield On The Drop
Summary Goldman Sachs BDC's share price appears to have stabilized after a sell-off in May, making it an attractive investment for dividend investors. The company's first lien strategy, variable rate exposure and high distribution coverage ratios make it a solid choice in the BDC sector. The lower price-to-NAV ratio and potential revaluation add to the attractiveness of an investment in Goldman Sachs BDC. Read the full article on Seeking AlphaSeeking Alpha • May 20
Goldman Sachs BDC: 12% Yield And Re-Rating Potential (Rating Upgrade)
Summary Goldman Sachs BDC has seen a surge in new investment commitments in Q1, leading to higher net investment income. The company comfortably covered its dividend payout and maintained a strong portfolio performance. The low non-accrual ratio, excess dividend coverage, and moderate valuation make Goldman Sachs BDC an attractive option for passive income investors. Read the full article on Seeking AlphaSeeking Alpha • Apr 18
Goldman Sachs BDC: The Margin Of Safety Is Still Too Low To Go Long
Summary In my article from last year on Goldman Sachs BDC, I outlined several reasons why GSBD was too speculative for investors to go long. The main reasons were subpar portfolio quality, high leverage, and a slight premium over NAV. Since then, the BDC has performed in line with the market because of the registered stability in the portfolio and even on the adjusted NII level (if we exclude one-offs). Yet, the underlying portfolio has worsened, and the higher for longer could actually introduce further headwinds due to tight portfolio company interest rate coverage ratios. Against the backdrop of this and several new data points, in this article, I provide an update on my thesis. Read the full article on Seeking AlphaSeeking Alpha • Mar 19
Goldman Sachs BDC: It Has Headwinds To Navigate
Summary Goldman Sachs BDC focuses on direct lending and targets U.S. middle-market first-lien loans. The fund's portfolio shows questionable fundamental metrics, but its sector diversification helps mitigate risks. The changing interest rate and credit spread environment may negatively impact the fund's performance in the coming quarters. As shown before, GSBD's dividend saves the day, phasing out various price-based risks. Hold rating assigned. Read the full article on Seeking AlphaSeeking Alpha • Mar 05
Goldman Sachs BDC: Credit Issues Remain, But The 12% Yield Is Sustainable
Summary Credit quality is a major concern for investors in business development companies. Goldman Sachs BDC's portfolio quality remained stable in the fourth quarter, providing some relief for shareholders. GSBD's net investment income fell, but the dividend remains well-covered for now. Read the full article on Seeking AlphaSeeking Alpha • Jan 18
Goldman Sachs BDC: An Attractive Income Buy With A 12% Yield
Summary Goldman Sachs BDC has large investments in variable rate loans and employs a first-lien strategy. The BDC's portfolio value has declined due to higher repayments and loan sales in the last year, but the dividend is well-supported. A reboot of the loan origination business may deliver organic NII growth going forward. The BDC offers a solid 12% yield and a dividend coverage ratio of 124% implies a reasonably well-supported dividend. Read the full article on Seeking AlphaSeeking Alpha • Dec 27
Goldman Sachs BDC: Signs Of Structural Underperformance Going Forward
Summary Goldman Sachs BDC is a relatively large BDC with a market cap at around $1.7 billion, which for BDC universe is a significant figure. GSBD has a high exposure to first-lien debt and a relatively diversified portfolio across various industries. Almost 100% exposure to variable rate investments comes in handy as well. However, the quality of portfolio companies has deteriorated, with an increase in lower-rated investments, excessive leverage, and poor debt coverage metrics. The dividend coverage is also a concern. Given the current signs of worsening quality and low margin of safety in the context of dividend coverage, I would not consider GSBD a sound investment. Read the full article on Seeking AlphaSeeking Alpha • Nov 13
Goldman Sachs BDC: Still A Buy
Summary Goldman Sachs BDC reported its second consecutive quarter of NAV growth, reinforcing my previous buy rating. Shift in portfolio holdings towards higher-risk categories raises caution, but no further migration into category 3 is positive. The continued rise in NII means that the dividend is well-covered and increases the likelihood of a special dividend being paid. Read the full article on Seeking AlphaSeeking Alpha • Sep 04
Goldman Sachs BDC: Earn A Solid 13% Yield Here (Upgrade)
Summary Goldman Sachs BDC offers a compelling value proposition for passive income investors with its defensive portfolio positioning, high dividend coverage ratio, and solid credit/portfolio performance. The BDC's portfolio growth has slowed due to softer demand for new loan origination in a high-interest environment, but its net investment income is sufficient to maintain its dividend. Despite a decline in new investment commitments, Goldman Sachs BDC's portfolio quality remains solid, with a non-accrual ratio of 0.8% in the second quarter. Read the full article on Seeking AlphaSeeking Alpha • Aug 08
Goldman Sachs BDC: Compelling Yield But Watch Higher-Risk Portfolio Holdings
Summary Goldman Sachs BDC offers a high yield of over 12% and strong net investment income coverage. The recent increase in NAV could be an early sign a possible trend reversal of previously declining NAV per share. Increases in its higher-risk portfolio holdings should be monitored closely, as it could indicate underwriting challenges and result in NAV declines. Read the full article on Seeking AlphaSeeking Alpha • Jun 21
Safer 12% Yield: Goldman Sachs BDC Or Monroe Capital
Summary GSBD and MRCC have among the highest dividend yields for the BDC sector, currently over 12%. We compare the credit quality of their portfolios to help explain why these companies typically have higher yields. One of these BDCs has a relatively safer portfolio, and we provide a list of positive and negative considerations. Also, please see the chart at the end of this article comparing the potential impact on NAV per share for each BDC, assuming that 100% of watch list investments (including non-accruals) defaulted with 0% recovery. Read the full article on Seeking AlphaSeeking Alpha • Jun 13
Goldman Sachs BDC: 13% Dividend Yield Does Not Compensate For Poor Underwriting
Summary Goldman Sachs BDC has low management fees, conservative assets, and a diversified portfolio, making it an attractive long-term income investment vehicle in those respects. However, GSBD's poor underwriting history and gradual erosion of earning power make it overvalued in the market. Investors should consider staying away from GSBD shares until they trade at a substantial discount to NAV, around 30-40%. Read the full article on Seeking AlphaSeeking Alpha • Feb 23
Goldman Sachs BDC NII of $0.66 beats by $0.15, total investment income of $106.5M beats by $4.49M
Goldman Sachs BDC press release (NYSE:GSBD): Q4 NII of $0.66 beats by $0.15. Total investment income of $106.5M (+27.1% Y/Y) beats by $4.49M. Net asset value per share for the quarter ended December 31, 2022 decreased 2.7% to $14.61 from $15.02 as of September 30, 2022. The Company’s ending net debt to equity ratio decreased to 1.32x as of December 31, 2022 from 1.34x as of September 30, 2022.Seeking Alpha • Jan 24
Goldman Sachs BDC: You Can Now Secure A 12.1% Dividend Yield Here
Summary Goldman Sachs BDC is trading at net asset value, but just last year traded at a premium of up to 28%. The portfolio has gotten less risky in the last year, not more. The dividend is covered by net investment income and dividend coverage could improve due to the BDC’s floating rate exposure.Seeking Alpha • Nov 03
Goldman Sachs BDC declares $0.45 dividend
Goldman Sachs BDC (NYSE:GSBD) declares $0.45/share quarterly dividend, in line with previous. Forward yield 11.74% Payable Jan. 27; for shareholders of record Dec. 30; ex-div Dec. 29. See GSBD Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Oct 12
Goldman Sachs BDC: Doubling-Down Opportunity For This 12% Yielder
Summary GSBD is now trading at a 8% discount to net asset value. First Lien focus and low non-accruals support GSBD. Strong dividend coverage implies that the selloff has gone too far. With the market fearful of a recession and its impact on the portfolios of business development companies, those BDCs that focus on First Liens and have strong credit quality stand to outperform the market. I've increased my stake in Goldman Sachs BDC Inc. (GSBD), whose dividend is not only covered by net investment income, but whose dividend yield has risen to an astonishing 12.3% in the last week. Furthermore, the stock is now trading at a discount to net asset value rather than a premium, making the value proposition even more compelling. Premium Valuation Turns Into Discount Valuation Goldman Sachs BDC is one of the more powerful companies in the BDC sector, which is why investors were willing to pay a premium to the company's net asset value for a long time. The market tends to reward business development companies with premium multiples only when they have diversified and safety-first portfolios, strong credit quality, and good dividend coverage. Goldman Sachs BDC checks all of these three boxes. To begin, the business development company prioritizes safety by allocating 88% of its investments to relatively secure First Liens and another 7% to Second Liens, the next debt instrument in line after First Liens. In 2Q-22, Goldman Sachs BDC invested $3.6 billion of its funds in 129 portfolio companies, with 91% of those investments going to the safest debt investments available, First and Second Liens. Goldman Sachs BDC also invests in higher risk unsecured debt and equity, but the percentages (around 1%) are so small as to be insignificant. Portfolio Overview (Goldman Sachs BDC) Second, Goldman Sachs has excellent credit quality, with only 0.4% of its portfolio investments non-accrual in the second quarter. I believe the BDC's third-quarter non-accruals will be roughly the same. Third, the business development company's dividend payment is covered by net investment income. As I previously stated, Goldman Sachs BDC paid out 85% of its net investment income in the previous twelve months, indicating that the dividend has a high degree of safety and that only a significant increase in non-accruals would put the current dividend pay-out at risk. Since 2Q-21, Goldman Sachs BDC has generated between $50 and $64 million in net investment income after taxes per quarter, more than enough to cover the dividend, which costs about $46 million per quarter. The majority of Goldman Sachs' investment income comes from interest income, which accounted for 99% of the BDC's total investment income over the last year. Net Investment Income (Goldman Sachs BDC) Because the market has become more fearful of a recession, Goldman Sachs is now trading at a discount to net asset value, which is unusual. GSBD has routinely traded at a premium to net asset value as a BDC with higher perceived (and real) portfolio quality. The current net asset value discount is 8%, allowing dividend investors to invest in the business development company at a price lower than the fair value of its assets. Data by YCharts Why Goldman Sachs BDC Could See A Lower Stock Price Recessions can (and almost certainly will) increase non-accruals in the BDC sector, making it more important than ever to choose business development companies with strong credit metrics, portfolio quality, and dividend coverage.Seeking Alpha • Aug 22
Goldman Sachs BDC: Generate 10.3% Passive Income With This BDC
Goldman Sachs BDC’s portfolio is healthy and growing. Non-accruals improved in the last quarter. Goldman Sachs BDC’s dividend yield and valuation are attractive. Every income investor's portfolio should include business development companies ("BDCs") that generate consistent and reliable passive income. Goldman Sachs BDC, Inc. (GSBD) is one of the best and safest business development companies in my opinion, with a current yield of 10.3% generated by a portfolio of high-quality loan assets in the First Lien category. In the second quarter, the BDC covered its dividend with net investment income, and I believe the stock deserves to trade at a premium to net asset value. Taking A Look At Goldman Sachs BDC’s Net Investment Activity In terms of new investments, the business development company had a strong second quarter. Despite the fact that GDP fell into negative territory, indicating a recession, after 1Q-22 GDP also fell, investment activity remained strong. Gross originations increased in the second quarter after a slower first quarter, thanks to $365.8 million in net new commitments from Goldman Sachs BDC. 98% of these commitments were made to First Liens, which continue to account for the vast majority of the trust's loans. After deducting $106.1 million in sales and repayments, Goldman Sachs BDC's portfolio grew $137.3 million in the second quarter, making it the second-best month in a year in terms of net funded investment activity. Investment Activity (Goldman Sachs BDC) High Quality, First Lien-Heavy Investment Portfolio Because of strong net investment activity in 2Q-22, the business development company increased its portfolio value by 3% QoQ, to $3.6 billion. The portfolio was made up of 91% highly rated First Liens. In the last year, Goldman Sachs BDC has allocated more funds to the safest debt instruments (First Liens), a strategic move to improve the quality of the BDC's investment portfolio. The shift in portfolio composition foreshadows a recession and, potentially, increased loan default risks. End Of Period Investments (Goldman Sachs BDC) Floating Rate Exposure Almost all of Goldman Sachs BDC's investments are in floating rate loan assets, providing the firm with NII upside. In June and July, the central bank raised interest rates by 75 basis points each, and further increases are expected. Higher interest rates will benefit Goldman Sachs BDC because its loans will generate more interest income. Floating Rate Exposure (Goldman Sachs BDC) Non-Accruals Indicate Strong Portfolio Quality The non-accrual ratio is an important ratio for business development firms. As borrowers face financial difficulties, some fail to make interest payments to Goldman Sachs BDC, posing a repayment risk. The non-accrual ratio calculates how much of the portfolio value of Goldman Sachs BDC is at risk at the end of each quarter. Non-accruals accounted for 0.4% of the BDC's portfolio fair value as of June 30, 2022. The non-accrual ratio was 2.2% in 1Q-22, but two companies were removed from the list because they made repayments during the quarter. Strong Coverage Makes Goldman Sachs A Sleep-Well-At-Night BDC Goldman Sachs BDC's dividend was out-earned by net investment income in 2Q-22, giving the dividend a moderate margin of safety. In the second quarter, the BDC earned $0.49 per share in net investment income and paid out $0.45 per share, implying a pay-out ratio of 92%. Goldman Sachs BDC's payout ratio was only 85% over the last year. Dividend And Pay-Out Ratio (Author Created Table Using BDC Information) Premium To Net Asset Value Goldman Sachs BDC is one of the few business development companies that trades at a 12% premium to its net asset value, owing to its strong portfolio health. Although the company has traded at higher net asset value multiples this year, I believe the 12% discount is reasonable and may even slightly undervalue the BDC. Goldman Sachs BDC's stock currently pays 10.3% in terms of yield. Main Street Capital Corp. (MAIN) and Hercules Capital Inc. (HTGC) are two other BDCs that trade at a premium to net asset value. GSBD Price to Book Value data by YCharts Why Goldman Sachs BDC Could See A Lower Stock Price In the most recent quarter, two companies repaid their debts to Goldman Sachs BDC, resulting in an improved non-accrual ratio of only 0.4%.Seeking Alpha • Jun 16
Goldman Sachs BDC Stands For A Better Dividend Class
Retail value investors can safely park their cash, collect a forward dividend yield of 10.48% that beats inflation, and rest easy weathering the financial storm with Goldman Sachs BDC. The shares have a BETA of 0.58, far below the market’s volatility and are backed by a huge investment firm owning more than six percent of the shares. The current share price is down for the year and future revenue might suffer from the economy's sluggishness but the share price is not likely to take a dive.Seeking Alpha • Feb 23
Goldman Sachs BDC: Future Growth With Sizable Risk
Goldman Sachs BDC is part of a large and well-known name on Wall Street, but investors still need to be cautious before investing in the company. The company surpassed estimates on many levels, beating expected earnings and profits, but the third quarter did shed some light on how the increased funds are being managed. Fundamentally, the current price could be considered a good value when considering price to earnings and cash flow in comparison to the sector averages.Seeking Alpha • Nov 28
Big Boy BDC Battle: Blue Owl, Goldman Sachs
BDCs, like REITs almost 20 years ago, want institutional investors and the scale that comes with them. Many of the largest asset managers have been focusing on the BDC sector, including BlackRock, Goldman Sachs, Franklin Templeton, Blackstone, Barings, Carlyle Group, KKR, Bain, TPG Capital, and Blue Owl. This article compares two of the larger BDCs. One managed by Goldman Sachs yielding 11.3% and the other by Blue Owl yielding 8.3%.Seeking Alpha • Sep 21
Buy Goldman Sachs BDC For Security And Dividend
Buying Goldman Sachs BDC shares is a relatively safe solid investment in the American economy across 144 companies and 37 industries. The firm enjoys the gravitas, steady hand, and oversight of the Goldman Sachs Group, its largest shareholder. The shares are not volatile and the dividend yield of about 9.6% is attractive. The shares may be somewhat over fair value but healthy revenue and earnings are forecast.Rendimenti per gli azionisti
| GSBD | US Capital Markets | US Mercato | |
|---|---|---|---|
| 7D | 1.0% | 2.5% | 0.6% |
| 1Y | -11.5% | 4.6% | 19.9% |
Ritorno vs Industria: GSBD ha avuto una performance inferiore rispetto al US Capital Markets che ha registrato un rendimento 4.6 % nell'ultimo anno.
Rendimento vs Mercato: GSBD ha avuto una performance inferiore al mercato US che ha registrato un rendimento 19.9 % nell'ultimo anno.
Volatilità dei prezzi
| GSBD volatility | |
|---|---|
| GSBD Average Weekly Movement | 4.3% |
| Capital Markets Industry Average Movement | 3.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.1% |
Prezzo delle azioni stabile: GSBD non ha avuto una volatilità dei prezzi significativa negli ultimi 3 mesi rispetto al mercato US.
Volatilità nel tempo: La volatilità settimanale ( 4% ) di GSBD è rimasta stabile nell'ultimo anno.
Informazioni sull'azienda
| Fondato | I dipendenti | AMMINISTRATORE DELEGATO | Sito web |
|---|---|---|---|
| 2012 | n/a | David Miller | www.goldmansachsbdc.com/content/gsam/us/en/bdc/homepage.html |
Goldman Sachs BDC, Inc. è una società di sviluppo aziendale specializzata in investimenti nel mercato medio e mezzanini in società private. Cerca di ottenere una rivalutazione del capitale attraverso l'emissione diretta di debiti garantiti, debiti garantiti senior, debiti garantiti junior, inclusi debiti first lien, first lien/last-out unitranche e second lien, debiti non garantiti, inclusi debiti mezzanini e, in misura minore, investimenti in azioni. Il fondo investe principalmente negli Stati Uniti.
Goldman Sachs BDC, Inc. Riepilogo dei fondamenti
| GSBD statistiche fondamentali | |
|---|---|
| Capitalizzazione di mercato | US$1.12b |
| Utili (TTM) | US$58.48m |
| Ricavi(TTM) | US$340.18m |
19.0x
Rapporto P/E3.3x
Rapporto P/SGSBD è sopravvalutato?
Vedi Fair Value e analisi di valutazioneUtili e ricavi
| GSBD Conto economico (TTM) | |
|---|---|
| Ricavi | US$340.18m |
| Costo del fatturato | US$0 |
| Profitto lordo | US$340.18m |
| Altre spese | US$281.70m |
| Utili | US$58.48m |
Ultimi utili riportati
Jun 30, 2026
Prossima data di guadagno
n/a
| Utile per azione (EPS) | 0.52 |
| Margine lordo | 100.00% |
| Margine di profitto netto | 17.19% |
| Rapporto debito/patrimonio netto | 136.5% |
Come si è comportato GSBD nel lungo periodo?
Vedi performance storica e confrontoDividendi
13.6%
Rendimento attuale del dividendo248%
Rapporto di remunerazioneGSBD paga dividendi affidabili?
Vedere la storia dei dividendi e i benchmark di GSBD| Goldman Sachs BDC date dei dividendi | |
|---|---|
| Data di stacco del dividendo | Aug 31 2026 |
| Data di pagamento dei dividendi | Sep 15 2026 |
| Giorni fino al dividendo Ex | 15 days |
| Giorni prima della data di pagamento dei dividendi | 30 days |
GSBD paga dividendi affidabili?
Vedere la storia dei dividendi e i benchmark di GSBDAnalisi aziendale e situazione dei dati finanziari
| Dati | Ultimo aggiornamento (ora UTC) |
|---|---|
| Analisi dell'azienda | 2026/08/14 12:30 |
| Prezzo dell'azione a fine giornata | 2026/08/14 00:00 |
| Utili | 2026/06/30 |
| Utili annuali | 2025/12/31 |
Fonti dei dati
I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.
| Pacchetto | Dati | Tempistica | Esempio Fonte USA * |
|---|---|---|---|
| Dati finanziari della società | 10 anni |
| |
| Stime di consenso degli analisti | +3 anni |
|
|
| Prezzi di mercato | 30 anni |
| |
| Proprietà | 10 anni |
| |
| Gestione | 10 anni |
| |
| Sviluppi principali | 10 anni |
|
* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.
Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.
Modello di analisi e Snowflake
I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina GitHub; abbiamo anche delle guide su come utilizzare i nostri report e dei tutorial su YouTube.
Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.
Metriche di settore e industriali
Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.
Fonti analitiche
Goldman Sachs BDC, Inc. è coperta da 8 analisti. 5 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.
| Analista | Istituzione |
|---|---|
| James George Chappell | Berenberg |
| Derek Hewett | BofA Global Research |
| David Chiaverini | Cantor Fitzgerald & Co. |