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Tuesday, January 16, 2018

Goldman Sachs Group Inc. Valuation – November 2015 Update $GS



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Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Most Undervalued Companies for the Defensive Investor – October 2015.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how Goldman Sachs Group Inc. (GS) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals. The Company has four business segments. The Investment Banking segment’s services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income, equity, currency and commodity products. Its investing and lending activities include the Company’s investing and relationship lending activities across various asset classes, primarily debt securities and loans, public and private equity securities, and real estate. Its investment management segment provides investment and wealth advisory services.


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Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Here is a free sample valuation pdf, and here is a post detailing what can be found within each individual company’s valuation.


Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Long-Term Debt $201,039,000,000
Total Assets $880,559,000,000
Intangible Assets $4,168,000,000
Total Liabilities $792,856,000,000
Shares Outstanding (Diluted Average) 458,600,000

Earnings Per Share History

Next Fiscal Year Estimate $14.87
Dec14 $17.07
Dec13 $15.46
Dec12 $14.13
Dec11 $4.51
Dec10 $13.18
Dec09 $22.13
Nov08 $4.47
Nov07 $24.73
Nov06 $19.69
Nov05 $11.21
Nov04 $8.92
Nov03 $5.87
Nov02 $4.03
Nov01 $4.26
Nov00 $6.00
Nov99 $5.57

Earnings Per Share – ModernGraham History

Next Fiscal Year Estimate $14.79
Dec14 $14.12
Dec13 $13.06
Dec12 $11.80
Dec11 $11.69
Dec10 $15.80
Dec09 $16.89
Nov08 $14.11
Nov07 $17.32
Nov06 $12.39
Nov05 $8.11
Nov04 $6.31
Nov03 $5.05
Nov02 $4.42
Nov01 $4.13
Nov00 $3.49
Nov99 $1.86

Recommended Reading:

Other ModernGraham posts about the company

5 Most Overvalued Dow Components – July 2015
5 Most Overvalued Dow Components – June 2015
5 Most Overvalued Dow Components – May 2015
5 Most Overvalued Dow Components – February 2015
5 Most Overvalued Dow Components – February 2015

Other ModernGraham posts about related companies

American Express Company Valuation – October 2015 Update $AXP
KKR & Co. LP Valuation – October 2015 Update $KKR
Invesco Limited Analysis – October 2015 Update $IVZ
CME Group Inc. Analysis – October 2015 Update $CME
T.Rowe Price Group Inc. Analysis – September 2015 Update $TROW
Moody’s Corporation Analysis – September 2015 Update $MCO
The Best Stocks of the Financial Services Industry – September 2015
Franklin Resources Inc. Analysis – September 2015 $BEN
Northern Trust Corporation Analysis – September 2015 Update $NTRS
Legg Mason Analysis – August 2015 Update $LM

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

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