GSBD Earnings Prediction
The chart below shows how GSBD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GSBD sees a -1.29% change in stock price 10 days leading up to the earnings, and a -0.61% change 10 days following the report. On the earnings day itself, the stock moves by -0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
GSBD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
79.55M
-19.46%
-722.68%
Gross Margin
--
--
--
Operating Margin
83.74%
3.60%
50.40%
Net Margin
46.61%
-10.78%
-418.59%
EPS
0.32
-31.91%
-168.09%
No Data Available
GSBD Earnings Analysis
Goldman Sachs BDC, Inc. Corporation (GSBD.N) Earnings Conference Call
Positive
Dividend Consistency Achieved: 1. Strong Dividend Consistency: The Board declared a fourth quarter dividend of $0.45 per share, marking the 39th consecutive quarter of this dividend level, totaling $17.55 per share since the IPO.
Record Gross Originations: 2. Significant Gross Originations: Third quarter gross originations exceeded $376.6 million, more than doubling year-over-year and marking the second largest deployment quarter since GSBD's integration into Goldman Sachs' private credit platform.
Sales and Repayments Surge: 3. Increased Sales and Repayments: Sales and repayments activity rose by 45% from the prior quarter, totaling $329 million, indicating effective portfolio management and recycling of older investments.
Portfolio Quality Focus: 4. High Quality Portfolio Composition: As of September 30, 2024, 97.6% of total investments were in senior secured loans, with 91.6% in first lien loans, reflecting a strong focus on credit quality.
Interest Coverage Improvement: 5. Improved Interest Coverage Ratio: The weighted average interest coverage of portfolio companies increased to 1.7x in the third quarter, up from 1.5x in the previous quarter, indicating better financial health among the companies in the investment portfolio.
Negative
Net Asset Value Decline: 1. Decline in Net Asset Value: The net asset value per share decreased by approximately 1% to $13.54, primarily due to net realized and unrealized losses during the quarter.
Decline in Yield: 2. Decrease in Weighted Average Yield: The weighted average yield of the investment portfolio at amortized cost fell to 10.9%, down from 11% in the previous quarter, indicating a decline in income generation.
Debt to EBITDA Increase: 3. Increased Debt to EBITDA Ratio: The weighted average net debt to EBITDA ratio of portfolio companies increased to 6.3 times, up from 6.1 times in the prior quarter, suggesting a deterioration in credit quality.
Increased Investment Risk: 4. Higher Risk Ratings: The percentage of investments rated 3 and 4 increased by 1% period-over-period, indicating a negative credit migration despite a reduction in non-accruals.
PIK Income Decline: 5. Decrease in PIK Income: The percentage of Payment-in-Kind (PIK) as a part of total recurring investment income decreased to 9% from 11%, reflecting a reduction in income stability.
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GSBD Earning Call Sentiment
Goldman Sachs BDC (GSBD) Q3 2024 Earnings Call Transcript
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GSBD.N
0.08%Positive
The earnings call presents mixed signals. Financial performance shows marginal improvement in net investment income and total income, but a decrease in NAV and slight credit risk increase. Market strategy indicates muted M&A activity, with optimism for 2025. Debt levels are below target, but high debt poses risks. Shareholder returns remain stable with consistent dividends. The Q&A reveals some credit challenges, but management is optimistic about future M&A. Considering the market cap and these factors, the short-term stock price is expected to remain stable, leading to a neutral prediction.
