GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The Goldman Sachs Group Inc (NYSE:GS) » Definitions » Intrinsic Value: Projected FCF

The Goldmanchs Group (The Goldmanchs Group) Intrinsic Value: Projected FCF

: $153.27 (As of Today)
View and export this data going back to 1999. Start your Free Trial

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-19), The Goldmanchs Group's Intrinsic Value: Projected FCF is $153.27. The stock price of The Goldmanchs Group is $404.00. Therefore, The Goldmanchs Group's Price-to-Intrinsic-Value-Projected-FCF of today is 2.6.

The historical rank and industry rank for The Goldmanchs Group's Intrinsic Value: Projected FCF or its related term are showing as below:

GS' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.47   Med: 1.1   Max: 2.66
Current: 2.64

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of The Goldmanchs Group was 2.66. The lowest was 0.47. And the median was 1.10.

GS's Price-to-Projected-FCF is ranked worse than
77.86% of 515 companies
in the Capital Markets industry
Industry Median: 1.04 vs GS: 2.64

The Goldmanchs Group Intrinsic Value: Projected FCF Historical Data

The historical data trend for The Goldmanchs Group's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Goldmanchs Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 222.21 158.72 178.22 161.59 153.27

The Goldmanchs Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected FCF Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 205.92 447.66 349.40 153.27 -

Competitive Comparison

For the Capital Markets subindustry, The Goldmanchs Group's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Goldmanchs Group Price-to-Projected-FCF Distribution

For the Capital Markets industry and Financial Services sector, The Goldmanchs Group's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where The Goldmanchs Group's Price-to-Projected-FCF falls into.



The Goldmanchs Group Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get The Goldmanchs Group's Free Cash Flow(6 year avg) = $-1,463.84.

The Goldmanchs Group's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*-1463.84+118000*0.8)/339.500
=213.97

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Goldmanchs Group  (NYSE:GS) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

The Goldmanchs Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=404.00/213.97188093665
=1.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Goldmanchs Group Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of The Goldmanchs Group's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


The Goldmanchs Group (The Goldmanchs Group) Business Description

Address
200 West Street, New York, NY, USA, 10282
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
Executives
Brian J Lee officer: Principal Accounting Officer C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Ericka T Leslie officer: Chief Administrative Officer 200 WEST STREET, NEW YORK NY 10282
David M Solomon officer: President and Co-COO C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Thomas K. Montag director C/O MERRILL LYNCH & CO., INC., 4 WORLD FINANCIAL CENTER, NEW YORK NY 10038
Philip R. Berlinski officer: Global Treasurer 200 WEST STREET, NEW YORK NY 10282
Kathryn H. Ruemmler officer: EVP, Chief Legal Officer, GC 200 WEST STREET, NEW YORK NY 10282
John E. Waldron officer: President and COO C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Kevin R Johnson director 2401 UTAH AVE. S, SUITE 800, SEATTLE WA 98134
Laurence Stein officer: Chief Administrative Officer C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Mark A. Flaherty director C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Denis P. Coleman officer: Chief Financial Officer 200 WEST STREET, NEW YORK NY 10282
Stephen M Scherr officer: Executive Vice President - CFO C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
David A Viniar officer: Executive VP - CFO C/O GOLDMAN SACHS GROUP INC, 200 WEST STREET, NEW YORK NY 10282
Jessica R. Uhl director 200 WEST STREET, NEW YORK NY 10282
Kimberley D. Harris director 200 WEST STREET, NEW YORK NY 10282