Goldman Sachs BDC (GSB) AI Stock Analysis

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Goldman Sachs BDC

(BX Swiss:GSB)

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Action:N/A

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Positive Factors

Strong Cash GenerationStrong current cash generation provides GSBD with flexibility to fund operations, reduce borrowings, support distributions, and pursue investments without relying solely on external capital. The sharp year-over-year improvement is a meaningful source of resilience, although cash flow can vary across the credit cycle.

Negative Factors

Rising Non-AccrualsHigher non-accrual exposure directly reduces recurring investment income and signals greater credit stress within the portfolio. These private, illiquid situations can take time to resolve, creating uncertainty around recoveries, valuation marks, and the durability of earnings and distributions.

Goldman Sachs BDC (GSB) vs. iShares MSCI Switzerland ETF (EWL)

Market Cap: CHF 943.92M
Dividend Yield: 12.16%
Average Volume (3M): ―
Price to Earnings (P/E): 34.0
Beta (1Y): 1.10
Revenue Growth: 32.67%
EPS Growth: -78.34%
Country: Switzerland
Employees: 8
Sector: Financial
Sector Strength: 68
Industry: Asset Management

Goldman Sachs BDC Business Overview & Revenue Model

Company Description

Goldman Sachs BDC, Inc. functions as a business development company (BDC) with a specific focus on extending capital to privately held, middle-market enterprises, including mezzanine-level investments. Its core objective is to generate capital apprec...

Goldman Sachs BDC Earnings Call Summary

Earnings Call Date:Nov 05, 2026(Q3-2026)|% Change Since:-1.13%|Next Earnings Date:Feb 25, 2027

Earnings Call SentimentPositive

The call was cautiously positive. Management emphasized meaningful deleveraging, selective deployment at approximately 550 basis points over SOFR, share repurchases, strong liquidity, improved portfolio positioning, and continued revenue and EBITDA growth among remaining portfolio companies. These positives were tempered by lower net investment income, a decline in NAV, higher non-accrual levels, losses in older-vintage positions, muted M&A activity, and a competitive capital environment. Overall, the stated balance-sheet improvements and investment opportunities outweighed the credit and earnings challenges.

Positive Updates

Leverage Reduction

Net debt to equity declined to 1.21 times as of September 30, 2026, from 1.35 times at the end of the second quarter, due to elevated sales and repayment activity.

Negative Updates

Net Asset Value Decline

Net asset value declined to $11.70 per share from $12.06 at the end of the second quarter. The decline was primarily driven by $0.36 per share of net realized and unrealized losses and the $0.03 per share second-quarter supplemental distribution, partially offset by $0.03 of NAV accretion from share repurchases.

Company Guidance

Management said it is at a comfortable leverage level and will primarily be recycling repayments into new investments, while maintaining a conservative balance sheet and deploying capital when risk-adjusted returns are compelling. The board authorized a $0.32 per share dividend for December 31st, and management anticipates the incentive fee will be quite muted in the fourth quarter; $97 million or $0.87 per share of spillover income is expected to provide a bridge for any shortfall. Management said the direction of travel is that it will see more deals over time, although it is a little bit hard to predict in any given month, and expects to remain selective amid a supply-demand imbalance in terms of capital and assets.

Goldman Sachs BDC Risk Analysis

Goldman Sachs BDC disclosed 78 risk factors in its most recent earnings report. Goldman Sachs BDC reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Goldman Sachs BDC Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

CH:GSB against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BCSF	80Outperform	$728.47M	9.95	6.69%	16.50%	-8.19%	-33.62%
OCSL	72Outperform	$1.10B	25.70	2.98%	11.83%	-8.10%	-12.87%
BBDC	70Outperform	$918.28M	10.32	7.89%	8.89%	1.24%	-12.68%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CGBD	67Neutral	$776.68M	21.52	3.32%	13.16%	13.98%	-55.76%
MFIC	60Neutral	$853.38M	-12.11	-6.33%	12.74%	-3.53%	-179.05%

* Financial Sector Average

Performance Comparison

CH:GSB and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
CH:GSB	Goldman Sachs BDC Inc.	7.01	-0.18	-2.46%
MFIC	Midcap Financial Investment Corporation	10.29	-0.22	-2.10%
OCSL	Oaktree Specialty Lending Corp	12.43	0.30	2.51%
BBDC	Barings Bdc	8.77	0.83	10.47%
CGBD	Carlyle Secured Lending Inc	11.40	0.93	8.86%
BCSF	Bain Capital Specialty Finance	11.27	-0.69	-5.79%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Goldman Sachs BDC AI Stock Analysis