Goldman Sachs Group
Market Cap
US$79.7b
Last Updated
2020/02/23 00:39 UTC
Data Sources
Company Financials +
Executive Summary
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide.
Rewards
Risk Analysis
No risks detected for GS from our risk checks.
Snowflake Analysis
Undervalued established dividend payer.
Similar Companies
Share Price & News
How has Goldman Sachs Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.7%
GS
-1.5%
US Capital Markets
-1.1%
US Market
1 Year Return
17.7%
GS
15.5%
US Capital Markets
17.9%
US Market
Return vs Industry: GS exceeded the US Capital Markets industry which returned 15.5% over the past year.
Return vs Market: GS matched the US Market which returned 17.9% over the past year.
Shareholder returns
| GS | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | -1.5% | -1.1% |
| 30 Day | -4.7% | 0.6% | 1.4% |
| 90 Day | 3.5% | 3.6% | 6.9% |
| 1 Year | 20.1%17.7% | 17.8%15.5% | 20.3%17.9% |
| 3 Year | -2.3%-6.8% | 37.9%30.2% | 47.8%38.3% |
| 5 Year | 30.6%21.5% | 81.3%64.5% | 71.9%53.0% |
Price Volatility Vs. Market
How volatile is Goldman Sachs Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 hours ago | Simply Wall St
The Goldman Sachs Group, Inc. (NYSE:GS) Passed Our Checks, And It's About To Pay A US$1.25 Dividend2 weeks ago | Simply Wall St
Have Insiders Sold The Goldman Sachs Group, Inc. (NYSE:GS) Shares Recently?1 month ago | Simply Wall St
The Goldman Sachs Group, Inc. Annual Results: Here's What Analysts Are Forecasting For Next YearValuation
Is Goldman Sachs Group undervalued compared to its fair value and its price relative to the market?
37.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GS ($230.62) is trading below our estimate of fair value ($367.25)
Significantly Below Fair Value: GS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GS is good value based on its PE Ratio (10.9x) compared to the Capital Markets industry average (33.9x).
PE vs Market: GS is good value based on its PE Ratio (10.9x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: GS is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: GS is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (6.6x).
Next Steps
Future Growth
How is Goldman Sachs Group forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
3.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GS's forecast earnings growth (3.3% per year) is above the savings rate (1.7%).
Earnings vs Market: GS's earnings (3.3% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: GS's earnings are forecast to grow, but not significantly.
Revenue vs Market: GS's revenue (2.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: GS's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GS's Return on Equity is forecast to be low in 3 years time (11.3%).
Next Steps
Past Performance
How has Goldman Sachs Group performed over the past 5 years?
3.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GS has high quality earnings.
Growing Profit Margin: GS's current net profit margins (22.3%) are lower than last year (27.4%).
Past Earnings Growth Analysis
Earnings Trend: GS's earnings have grown by 3.3% per year over the past 5 years.
Accelerating Growth: GS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GS had negative earnings growth (-19.8%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).
Return on Equity
High ROE: GS's Return on Equity (9.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Goldman Sachs Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: GS has a low level of unsold assets or inventory.
Debt Coverage by Assets: GS's debt is covered by short term assets (assets are 2.2x debt).
Financial Institutions Analysis
Asset Level: GS's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if GS has a sufficient allowance for bad loans.
Low Risk Liabilities: GS reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GS has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GS has an appropriate level of bad loans.
Next Steps
Dividend
What is Goldman Sachs Group's current dividend yield, its reliability and sustainability?
2.17%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Goldman Sachs Group before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GS's dividend (2.17%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: GS's dividend (2.17%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: GS's dividends per share have been stable in the past 10 years.
Growing Dividend: GS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.5%), GS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GS's dividends in 3 years are forecast to be well covered by earnings (19.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
David Solomon (57yo)
1.3yrs
Tenure
US$20,662,835
Compensation
Mr. David Michael Solomon has been the Chief Executive Officer and Director of Goldman Sachs Group Inc. since October 1, 2018 and has been its Chairman since January 01, 2019. Mr. Solomon served as the Pre ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD20.66M) is above average for companies of similar size in the US market ($USD10.81M).
Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 1.3yrs | US$20.66m | 0.051% $40.4m | |
| President & COO | 1.3yrs | US$21.58m | 0.031% $24.9m | |
| Executive VP & CFO | 1.3yrs | US$29.52m | 0.033% $26.5m | |
| Senior Chairman | 1.1yrs | US$33.39m | 0.66% $522.7m | |
| Co-Head of the Consumer & Investment Management Division | 0yrs | US$16.94m | 0.046% $36.5m | |
| Chief Executive Officer of Goldman Sachs International | 0yrs | US$18.06m | 0.040% $32.0m | |
| Director | 0yrs | no data | no data | |
| MD, Head & Chairman of European Investment Banking | 0yrs | no data | no data | |
| Chair of Investment Banking | 2.8yrs | no data | no data | |
| Partner & Chief Technology Officer | 0.4yrs | no data | no data |
1.3yrs
Average Tenure
57.5yo
Average Age
Experienced Management: GS's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 1.3yrs | US$20.66m | 0.051% $40.4m | |
| Chairman & Co-CEO of Goldman Sachs (India) Securities Pvt Ltd | 8.9yrs | no data | no data | |
| Chairman & CEO of Asia Pacific Ex-Japan | 2.4yrs | no data | no data | |
| Independent Director | 8.3yrs | US$620.17k | no data | |
| Independent Director | 11.7yrs | US$575.22k | 0.0042% $3.4m | |
| Director | 7.1yrs | US$595.18k | 0.25% $199.3m | |
| Chairman of International Advisors | 0yrs | no data | no data | |
| Independent Lead Director | 5.6yrs | US$620.32k | 0.00056% $446.4k | |
| Independent Director | 5.9yrs | US$620.32k | 0.00056% $446.4k | |
| Independent Director | 5.2yrs | US$620.22k | 0.025% $20.3m |
5.9yrs
Average Tenure
62.5yo
Average Age
Experienced Board: GS's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The Goldman Sachs Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: The Goldman Sachs Group, Inc.
- Ticker: GS
- Exchange: NYSE
- Founded: 1869
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Market Cap: US$79.719b
- Shares outstanding: 345.67m
- Website: https://www.goldmansachs.com
Number of Employees
Location
- The Goldman Sachs Group, Inc.
- 200 West Street
- New York
- New York
- 10282
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GS | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 1999 |
| GS * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | May 1999 |
| GOS | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 1999 |
| GOS | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | May 1999 |
| GS | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | May 1999 |
| GS | BVC (Bolsa de Valores de Colombia) | Yes | Common Stock | CO | COP | May 1999 |
| GS-U | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | May 1999 |
| 0R3G | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | May 1999 |
| GS | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | May 1999 |
| GS.PRA | NYSE (New York Stock Exchange) | PFD A 1/1000 | US | USD | Apr 2005 | |
| GS.PRD | NYSE (New York Stock Exchange) | SHS D 1/1000 | US | USD | May 2006 | |
| GSGI34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR REPR 1/10 COM STK NPV | BR | BRL | Dec 2011 | |
| GS.PRJ | NYSE (New York Stock Exchange) | DEP 1/1000 PFD J | US | USD | Apr 2013 | |
| GS.PRK | NYSE (New York Stock Exchange) | DEP 1/1000 SER K | US | USD | Apr 2014 | |
| GS.PRN | NYSE (New York Stock Exchange) | DEP 1/1000 SER N | US | USD | Feb 2016 | |
| GOSI | DB (Deutsche Boerse AG) | 5%-FRN SUB PERP USD 'P' | DE | USD | Oct 2017 | |
| GS | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH 13 R 1 COM(USD) | AR | ARS | Apr 2019 |
Biography
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients. The Institutional Client Services segment is involved in client execution activities related to making markets in cash and derivative instruments for interest rate products, credit products, mortgages, currencies, commodities, and equities; and provision of securities services comprising financing, securities lending, and other brokerage services, as well as the marketing and clearing of client transactions on various stock, options, and futures exchanges. The Investing & Lending segment invests in and originates longer-term loans; and makes investments in debt securities and loans, public and private equity securities, and infrastructure and real estate entities, as well as provides unsecured and secured loans through its digital platforms. The Investment Management segment offers investment management services; and wealth advisory services consisting of portfolio management, financial planning and counseling, and brokerage and other transaction services. The company serves corporations, financial institutions, governments, and individuals. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 00:39 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.