Financials The Goldman Sachs Group, Inc.

Equities

GS

US38141G1040

Investment Banking & Brokerage Services

Market Closed - Nyse 21:00:02 26/04/2024 BST 5-day change 1st Jan Change
427.6 USD +1.79% Intraday chart for The Goldman Sachs Group, Inc. +5.83% +10.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 81,415 94,611 127,610 121,752 132,489 146,609 - -
Enterprise Value (EV) 1 355,415 378,611 397,610 342,752 532,489 479,739 497,552 509,401
P/E ratio 10.9 x 10.7 x 6.43 x 11.4 x 16.9 x 11.6 x 10.7 x 9.91 x
Yield 1.8% 1.9% 1.7% 2.62% 2.72% 2.64% 2.82% 2.94%
Capitalization / Revenue 2.23 x 2.12 x 2.15 x 2.57 x 2.85 x 2.87 x 2.78 x 2.69 x
EV / Revenue 9.73 x 8.5 x 6.7 x 7.24 x 11.4 x 9.38 x 9.44 x 9.36 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.05 x 1.12 x 1.35 x 1.13 x 1.23 x 1.29 x 1.21 x 1.15 x
Nbr of stocks (in thousands) 354,087 358,770 333,578 354,568 343,439 342,890 - -
Reference price 2 229.9 263.7 382.6 343.4 385.8 427.6 427.6 427.6
Announcement Date 15/01/20 19/01/21 18/01/22 17/01/23 16/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 36,546 44,560 59,339 47,365 46,524 51,143 52,727 54,402
EBITDA - - - - - - - -
EBIT 1 11,648 15,577 27,401 16,201 12,037 17,316 20,368 18,936
Operating Margin 31.87% 34.96% 46.18% 34.2% 25.87% 33.86% 38.63% 34.81%
Earnings before Tax (EBT) 1 10,583 12,479 27,044 13,486 10,739 16,425 17,374 18,237
Net income 1 7,897 8,915 21,151 10,764 7,907 12,265 13,029 13,651
Net margin 21.61% 20.01% 35.64% 22.73% 17% 23.98% 24.71% 25.09%
EPS 2 21.03 24.74 59.45 30.06 22.87 36.78 40.09 43.16
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 4.150 5.000 6.500 9.000 10.50 11.30 12.04 12.56
Announcement Date 15/01/20 19/01/21 18/01/22 17/01/23 16/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 13,608 12,639 12,933 11,864 11,975 10,593 12,224 10,895 11,817 11,318 14,213 12,570 12,663 12,108 14,321
EBITDA - - - - - - - - - - - - - - -
EBIT 1 7,017 5,369 5,217 4,211 4,271 2,502 3,822 2,351 2,763 2,831 5,555 4,627 4,803 4,257 5,588
Operating Margin 51.57% 42.48% 40.34% 35.49% 35.67% 23.62% 31.27% 21.58% 23.38% 25.01% 39.08% 36.81% 37.93% 35.16% 39.02%
Earnings before Tax (EBT) 1 6,842 5,025 4,656 3,544 3,756 1,530 3,993 1,736 2,756 2,254 5,237 4,024 4,060 3,680 4,980
Net income 1 5,284 3,809 3,831 2,786 2,962 1,185 3,087 1,071 1,882 1,867 3,931 2,961 2,981 2,719 3,773
Net margin 38.83% 30.14% 29.62% 23.48% 24.73% 11.19% 25.25% 9.83% 15.93% 16.5% 27.66% 23.56% 23.54% 22.46% 26.34%
EPS 2 14.93 10.81 10.76 7.730 8.250 3.320 8.790 3.080 5.470 5.480 11.58 8.809 8.839 8.102 11.37
Dividend per Share 2 2.000 2.000 2.000 2.000 2.500 2.500 2.500 2.750 - 2.750 2.750 2.738 2.920 2.920 2.970
Announcement Date 15/10/21 18/01/22 14/04/22 18/07/22 18/10/22 17/01/23 18/04/23 19/07/23 17/10/23 16/01/24 15/04/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 274,000 284,000 270,000 221,000 400,000 333,129 350,943 362,792
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10% 11.1% 23% 10.2% 7.5% 11.5% 11.9% 12.4%
ROA (Net income/ Total Assets) 0.82% 0.8% 1.61% 0.74% 0.51% 0.74% 0.75% 0.8%
Assets 1 962,462 1,114,375 1,313,001 1,453,024 1,541,927 1,647,447 1,734,229 1,696,792
Book Value Per Share 2 219.0 236.0 284.0 304.0 314.0 333.0 354.0 372.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 15/01/20 19/01/21 18/01/22 17/01/23 16/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
427.6 USD
Average target price
440.8 USD
Spread / Average Target
+3.10%
Consensus
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