Valuation The Goldman Sachs Group, Inc.

Equities

Market Closed - Nyse Other stock markets 04:00:02 2024-09-13 pm EDT			5-day change	1st Jan Change
478.99 ^USD	+1.04%		-0.13%	+24.16%

07:44am	Goldman Sachs, Citigroup cut China's 2024 growth forecast to 4.7%	RE
Sep. 13	Goldman Sachs still sees 25 basis point Fed cut next week	RE

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	81,415	94,611	127,610	121,752	132,489	159,564	-	-
Change	-	16.21%	34.88%	-4.59%	8.82%	20.44%	-	-
Enterprise Value (EV) ¹	355,415	378,611	397,610	342,752	532,489	490,331	503,845	515,264
Change	-	6.53%	5.02%	-13.8%	55.36%	-7.92%	2.76%	2.27%
P/E ratio	10.9x	10.7x	6.43x	11.4x	16.9x	13.2x	11.8x	10.7x
PBR	1.05x	1.12x	1.35x	1.13x	1.23x	1.44x	1.36x	1.29x
PEG	-	0.6x	0x	-0.2x	-0.7x	0.2x	1x	1.08x
Capitalization / Revenue	2.23x	2.12x	2.15x	2.57x	2.85x	3.12x	2.97x	2.89x
EV / Revenue	9.73x	8.5x	6.7x	7.24x	11.4x	9.59x	9.39x	9.33x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	30.5x	24.3x	14.5x	21.2x	44.2x	27.4x	26.9x	26x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	4.15	5	6.5	9	10.5	11.53	12.29	12.86
Rate of return	1.8%	1.9%	1.7%	2.62%	2.72%	2.41%	2.57%	2.68%
EPS ²	21.03	24.74	59.45	30.06	22.87	36.22	40.72	44.73
Distribution rate	19.7%	20.2%	10.9%	29.9%	45.9%	31.8%	30.2%	28.7%
Net sales ¹	36,546	44,560	59,339	47,365	46,524	51,121	53,666	55,205
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	11,648	15,577	27,401	16,201	12,037	17,913	18,719	19,806
Net income ¹	7,897	8,915	21,151	10,764	7,907	12,017	13,203	13,956
Net Debt ¹	274,000	284,000	270,000	221,000	400,000	330,766	344,281	355,700
Reference price ²	229.93	263.71	382.55	343.38	385.77	478.99	478.99	478.99
Nbr of stocks (in thousands)	354,087	358,770	333,578	354,568	343,439	333,126	-	-
Announcement Date	1/15/20	1/19/21	1/18/22	1/17/23	1/16/24	-	-	-

¹USD in Million²USD

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
THE GOLDMAN SACHS GROUP, INC.	13.22x	9.59x	-	+2.41%	160B
MORGAN STANLEY	14.01x	5.95x	-	+3.62%	159B
CHARLES SCHWAB	22.23x	8.03x	15.37x	+1.64%	114B
CITIGROUP INC.	10.12x	-	-	+3.76%	110B
CITIC SECURITIES COMPANY LIMITED	14.72x	4.42x	10.65x	+2.52%	36.51B
RAYMOND JAMES FINANCIAL, INC.	12.76x	1.28x	6.33x	+1.50%	24.28B
CSC FINANCIAL CO., LTD.	5.26x	-	-	+7.82%	18.58B
CHINA MERCHANTS SECURITIES CO., LTD.	14.37x	15.41x	-	+1.94%	16.64B
NOMURA HOLDINGS, INC.	8.98x	6.25x	-	+4.56%	16.06B
LPL FINANCIAL HOLDINGS INC.	14.43x	1.46x	8.35x	+0.58%	15.38B
Average	13.01x	6.55x	10.18x	+3.04%	66.96B
Weighted average by Cap.	14.23x	7.32x	12.74x	+2.91%