NYSE:GSAH

Stock Analysis Report

Executive Summary

As of February 7, 2020, GS Acquisition Holdings Corp was acquired by Vertiv Holdings, LLC, in a reverse merger transaction.


Snowflake Analysis

Questionable track record with weak fundamentals.

Share Price & News

How has GS Acquisition Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GSAH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.0%

GSAH

0.4%

US Capital Markets

0.06%

US Market


1 Year Return

29.6%

GSAH

17.9%

US Capital Markets

19.3%

US Market

Return vs Industry: GSAH exceeded the US Capital Markets industry which returned 20.1% over the past year.

Return vs Market: GSAH exceeded the US Market which returned 20.9% over the past year.


Shareholder returns

GSAHIndustryMarket
7 Day4.0%0.4%0.06%
30 Day10.4%0.7%1.7%
90 Day25.6%6.9%9.0%
1 Year29.6%29.6%20.2%17.9%21.8%19.3%
3 Yearn/a40.2%32.4%49.5%39.9%
5 Yearn/a84.5%67.4%73.1%54.1%

Price Volatility Vs. Market

How volatile is GS Acquisition Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GS Acquisition Holdings undervalued compared to its fair value and its price relative to the market?

112.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GSAH ($12.88) is trading above our estimate of fair value ($1.59)

Significantly Below Fair Value: GSAH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GSAH is poor value based on its PE Ratio (112x) compared to the Capital Markets industry average (37.5x).

PE vs Market: GSAH is poor value based on its PE Ratio (112x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GSAH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GSAH is overvalued based on its PB Ratio (222.2x) compared to the US Capital Markets industry average (6.8x).


Next Steps

Future Growth

How is GS Acquisition Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GS Acquisition Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has GS Acquisition Holdings performed over the past 5 years?

163.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: GSAH has a high level of non-cash earnings.

Growing Profit Margin: Insufficient data to determine if GSAH's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if GSAH's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare GSAH's past year earnings growth to its 5-year average.

Earnings vs Industry: GSAH earnings growth over the past year (163.5%) exceeded the Capital Markets industry 9.1%.


Return on Equity

High ROE: GSAH's Return on Equity (198.3%) is considered outstanding.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is GS Acquisition Holdings'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: GSAH has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if GSAH's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: GSAH's level of assets compared to its equity is very high.

Allowance for Bad Loans: Insufficient data to determine if GSAH has a sufficient allowance for bad loans.

Low Risk Liabilities: GSAH reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if GSAH has an acceptable proportion of non-loan assets held.

Low Risk Deposits: GSAH has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if GSAH has an appropriate level of bad loans.


Next Steps

Dividend

What is GS Acquisition Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate GSAH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GSAH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GSAH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GSAH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GSAH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average board tenure


CEO

Dave Cote (66yo)

1.8yrs

Tenure

0

Mr. David M. Cote, also known as Dave, J.D., Mr. Cote serves as the Chief Executive Officer of Honeywell Specialty Wax & Additive Inc. Mr. Cote is Chief Executive Officer, President and Secretary and Chair ...


Board Members

NamePositionTenureCompensationOwnership
David Cote
CEO, President1.8yrsno datano data
Steven Reinemund
Independent Director1.7yrsno data0.16% $1.7m
James Albaugh
Independent Director1.7yrsno data0.064% $708.4k
Roger Fradin
Independent Director1.7yrsno data0.16% $1.7m
Edward Monser
Director0yrsno datano data
Jacob Kotzubei
Director0yrsno datano data
Raanan Agus
Director1.8yrsno datano data
Robin Washington
Director0yrsno datano data
Robert Johnson
Director0yrsno datano data
Matthew Louie
Director0yrsno datano data

1.7yrs

Average Tenure

66yo

Average Age

Experienced Board: GSAH's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.3%.


Top Shareholders

Company Information

GS Acquisition Holdings Corp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GS Acquisition Holdings Corp
  • Ticker: GSAH
  • Exchange: NYSE
  • Founded: 2016
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$1.111b
  • Shares outstanding: 86.25m
  • Website: https://www.gsacquisition.com

Location

  • GS Acquisition Holdings Corp
  • 200 West Street
  • New York
  • New York
  • 10282
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSAH.UNYSE (New York Stock Exchange)UnitsUSUSDJun 2018
GSAHNYSE (New York Stock Exchange)YesClass A Common SharesUSUSDJul 2018
GSAHXNYS (New York Stock Exchange, Inc. Floor)YesClass A Common SharesUSUSDJul 2018

Biography

GS Acquisition Holdings Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2016 and is based in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/10 06:00
End of Day Share Price2020/02/07 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.