📊 GSBD Key Takeaways
Is GSBD a Good Investment? Thesis Analysis
Goldman Sachs BDC demonstrates stable operating cash generation of $325.7M but faces headwinds from flat net income growth (0% YoY) and modest ROE of 8.4%. Elevated leverage at 1.32x Debt/Equity and limited cash reserves ($43.2M) create vulnerability, though EPS growth of 87.3% reflects disciplined capital allocation through share buybacks.
Fundamentals appear stable: net income is flat YoY while operating cash flow is robust, and leverage at 1.32x is reasonable for a lender-focused balance sheet. EPS growth outpacing net income suggests accretive capital actions rather than core earnings expansion. Watch credit performance and funding costs, as future rate shifts and refinancing needs could pressure returns given modest ROE.
Why Buy GSBD? Key Strengths
- Strong free cash flow generation of $325.7M providing earnings coverage for distributions
- Efficient capital deployment evidenced by 87.3% EPS growth despite flat net income
- Substantial $3.4B asset base indicating scale and portfolio diversification for a BDC
- Strong operating cash flow relative to net income
- Prudent leverage profile (1.32x D/E)
- Stable earnings base with large asset portfolio ($3.38B)
GSBD Investment Risks to Consider
- Zero net income growth (0% YoY) indicates earnings stagnation and portfolio quality concerns
- High leverage at 1.32x Debt/Equity amplifies credit cycle risk and restricts financial flexibility
- Minimal cash position ($43.2M) relative to $3.4B assets limits operational buffer and return opportunity
- Interest rate normalization could compress yields and earnings
- Potential credit losses/non-accruals impacting income and cash flow
- Refinancing risk on $1.87B long-term debt with limited cash buffer
Key Metrics to Watch
- Quarterly net income trends and portfolio company exit valuations
- Leverage ratio trajectory and debt refinancing rates in changing interest environment
- Operating cash flow sustainability and credit metrics of underlying portfolio companies
- Operating cash flow sustainability
- Debt/Equity ratio and leverage trends
GSBD Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
GSBD Profitability Ratios
GSBD vs Default Sector
How Goldman Sachs BDC, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is GSBD Overvalued or Undervalued?
Based on fundamental analysis, Goldman Sachs BDC, Inc. shows some fundamental concerns relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
GSBD Balance Sheet & Liquidity
GSBD 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: Goldman Sachs BDC, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $1.81 reflects profitable operations.
GSBD Growth Metrics (YoY)
GSBD Capital Allocation
GSBD SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for Goldman Sachs BDC, Inc. (CIK: 0001572694)
📋 Recent SEC Filings
❓ Frequently Asked Questions about GSBD
What is the AI rating for GSBD?
Goldman Sachs BDC, Inc. (GSBD) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 68% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are GSBD's key strengths?
Claude: Strong free cash flow generation of $325.7M providing earnings coverage for distributions. Efficient capital deployment evidenced by 87.3% EPS growth despite flat net income. ChatGPT: Strong operating cash flow relative to net income. Prudent leverage profile (1.32x D/E).
What are the risks of investing in GSBD?
Claude: Zero net income growth (0% YoY) indicates earnings stagnation and portfolio quality concerns. High leverage at 1.32x Debt/Equity amplifies credit cycle risk and restricts financial flexibility. ChatGPT: Interest rate normalization could compress yields and earnings. Potential credit losses/non-accruals impacting income and cash flow.
What is GSBD's revenue and growth?
Goldman Sachs BDC, Inc. reported revenue of N/A.
Does GSBD pay dividends?
Goldman Sachs BDC, Inc. does not currently pay dividends.
Where can I find GSBD SEC filings?
Official SEC filings for Goldman Sachs BDC, Inc. (CIK: 0001572694) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is GSBD's EPS?
Goldman Sachs BDC, Inc. has a diluted EPS of $1.03.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is GSBD a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Goldman Sachs BDC, Inc. has a HOLD rating with 68% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is GSBD stock overvalued or undervalued?
Valuation metrics for GSBD: ROE of 8.4% (sector avg: 15%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy GSBD stock in 2026?
Our dual AI analysis gives Goldman Sachs BDC, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is GSBD's free cash flow?
Goldman Sachs BDC, Inc.'s operating cash flow is $325.7M, with capital expenditures of N/A.
How does GSBD compare to other Default stocks?
Vs Default sector averages: Net margin N/A (avg: 12%), ROE 8.4% (avg: 15%), current ratio N/A (avg: 1.8).