View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsGolden Ocean Group 将来の成長Future 基準チェック /36Golden Ocean Groupの収益は年間0.8%で減少すると予測されていますが、年間利益は年間39.8%で増加すると予測されています。EPS は年間 増加すると予測されています。自己資本利益率は 3 年後に12.6% 26.4%なると予測されています。主要情報39.8%収益成長率26.36%EPS成長率Shipping 収益成長-6.4%収益成長率-0.8%将来の株主資本利益率12.60%アナリストカバレッジLow最終更新日28 Jul 2025今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Aug 22Golden Ocean Group Limited(OB:GOGL) dropped from S&P Global BMI IndexGolden Ocean Group Limited(OB:GOGL) dropped from S&P Global BMI Indexお知らせ • Aug 21Golden Ocean Group Limited(NasdaqGS:GOGL) dropped from NASDAQ Composite IndexGolden Ocean Group Limited has been dropped from the Nasdaq Composite Index.お知らせ • Aug 20+ 2 more updatesGolden Ocean Group Limited(OB:GOGL) dropped from Oslo OBX Total Return IndexGolden Ocean Group Limited has been dropped from the Oslo OBX Index .お知らせ • May 21Golden Ocean Group Limited Announces Cash Dividend for the First Quarter Ended March 31, 2025, Payable on or About June 17, 2025Golden Ocean Group Limited announced a cash dividend of $0.05 per share for the first quarter March 31, 2025, which is payable on or about June 17, 2025, to shareholders of record on June 5, 2025. Shareholders holding the company’s shares through Euronext VPS may receive this cash dividend later, on or about June 19, 2025.お知らせ • Apr 23Cmb.Tech NV (ENXTBR:CMBT) signed a term sheet to acquire remaining 50.65% stake in Golden Ocean Group Limited (NasdaqGS:GOGL) for approximately BMD 880 million.Cmb.Tech NV (ENXTBR:CMBT) signed a term sheet to acquire remaining 50.65% stake in Golden Ocean Group Limited (NasdaqGS:GOGL) for approximately BMD 880 million on April 22, 2025. The consideration consists of common equity of Cmb.Tech NV at a ratio of 0.95 per common equity of Golden Ocean Group Limited subject to customary adjustments, including to reflect share buybacks, share issuances and/or dividend distributions that may take place prior to completion of the Merger. Upon completion of the Merger, 95,952,934 new shares of CMB.TECH would be issued, whereby CMB.TECH shareholders would own approximately 70% of the total issued share capital of the combined company (or 67% excluding treasury shares) and Golden Ocean shareholders would own approximately 30% (or 33% excluding treasury shares), assuming the Exchange Ratio is not adjusted. Upon completion of the Merger, Golden Ocean would delist from NASDAQ and Euronext Oslo Børs. CMB.TECH would remain listed on the New York Stock Exchange and Euronext Brussels and will pursue a secondary listing on the Euronext Oslo Børs following and subject to completion of the Merger. As of April 3, 2025, CMB.TECH NV indirectly held a total of 98,400,304 shares of Golden Ocean, representing approximately 49.4% of Golden Ocean's outstanding voting shares. The transaction is subject to remains subject to customary conditions, including confirmatory due diligence, negotiation and execution of definitive transaction agreements, applicable board approvals, regulatory approvals, third-party consents, Golden Ocean shareholder approval, and effectiveness of a registration statement on Form F-4 to be filed by CMB.TECH with the U.S. Securities and Exchange Commission. The Board of Directors of Golden Ocean Group Limited formed a special committee and has unanimously approved the transaction. The parties aim to enter into definitive transaction agreements, including an agreement and plan of merger, during the second quarter of 2025 and to complete the Merger in the third quarter of 2025. DNB Markets acted as financial advisor to Golden Ocean Group Limited. DNB Markets acted as fairness opinion provider to Golden Ocean Group Limited.お知らせ • Apr 01Golden Ocean Group Limited Announces Board AppointmentsGolden Ocean Group Limited announced the appointment of Mr. Carl Erik Steen and Mr. James Ayers as Directors of the Company. Mr. Steen headed the shipping and international division in Christiania Bank and Kreditkassen ASA. Mr. Steen graduated in 1975 from ETH Zurich Switzerland with a MSc in Industrial and Management Engineering. Mr. Steen holds directorship positions in various Norwegian and international companies including Golar LNG Ltd, Himalaya Shipping Ltd. and Wilhelm Wilhelmsen Holding ASA, where he is the Chairman.James Ayers has held the position of Secretary of the Company since 2018. Mr. Ayers has been the CEO of Front Ocean Management Ltd. since 2021 and was previously the Head of Corporate Administration at Frontline Ltd., where he served from 2018. Over the past decade, Mr. Ayers has held various director, company officer and management positions across the maritime and offshore energy sectors. Since 2019, Mr. Ayers has served as Director of Oslo-listed companies Paratus Energy Services Ltd. and Northern Ocean Ltd. Before relocating to Bermuda in 2015, when he joined Appleby law firms corporate services division, Mr. Ayers held management and corporate secretary positions within the finance sector in the UK. Mr. Ayers holds a Masters degree in International Business and Commercial Law (LLM), a Bachelors degree in Law (LLB) and a professional qualification in Legal Practice (LPC).お知らせ • Mar 22Golden Ocean Group Limited Announces Changes to the Board CompositionGolden Ocean Group Limited announced the appointment by the Board of Directors of Mr. Patrick De Brabandere and Mr. Patrick Molis as Directors of the Company. Mr. Patrick De Brabandere holds a degree in Applied Economic Sciences from UCL Louvain-la Neuve. He started his career at the audit firm Arthur Andersen. In 1987, he joined Almabo, the former holding company of the Saverys family, as Project Controller. He became CFO of CMB NV in 1998 and was appointed director of CMB NV in 2002. In 2003, following the partial demerger of Exmar NV from CMB NV, he became director and CFO of Exmar NV, then COO. In 2020 he became CFO of Exmar NV again until June 2022. He currently is a director of CMB NV and he also sits on the Supervisory Board of CMB.TECH since 2023.Mr. Patrick Molis graduated from the Institut dEtudes Politiques de Paris and holds a Masters degree in law from Paris X Nanterre. He started his career as a Magistrate at the Cour des Comptes after joining the National School of Administration. Mr. Patrick Molis was General Manager of Union Normande Investissement (1989-1992), CFO of Worms &Cie Group (1994-1997), General Manager of Compagnie Nationale de Navigation (1995- 1998), Chairman of the Board of Compagnie du Ponant (2012-2015) and Chairman and CEO of Hli-Union (2013-2022). He is currently Chairman of Compagnie Nationale de Navigation (since 1998) and director of Sabena Technics. He has previously served as member of the board of directors of Euronav Luxembourg (1995-2001), Euronav (2004-2010), Compagnie Maritime Nantaise (1995-2017), Compagnie Mridionale de Navigation (2008- 2022) and of the Conseil dorientation du Domaine national de Chambord (2007-2017). Mr. Patrick Molis has been awarded the titles of Knight of the Legion of Honour and Officer of the Order of Merit. He currently sits on the Supervisory Board of CMB.TECH since 2023 as an independent member. The Company further announces that Mr. Ola Lorentzon, Mr. John Fredriksen, Mr. Ben Mills and Mr. Cato Stonex in conjunction with the above appointments have stepped down from their positions as Directors of the Company.お知らせ • Feb 27Golden Ocean Group Limited Announces Cash Dividend for the Fourth Quarter of 2024, Payable on or About 21 March 2025Golden Ocean Group Limited announced a cash dividend of $0.15 per share for the fourth quarter of 2024, which is payable on or about 21 March 2025 to shareholders of record on 11 March 2025. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 24 March, 2025. Ex-date is 10 March 2025. Date of approval: 26 February 2025.お知らせ • Feb 15Golden Ocean Group Limited Appoints Tonesan Amissah as DirectorGolden Ocean Group Limited announced the appointment of Ms. Tonesan Amissah as Director of the Company. Tonesan Amissah is a Barrister and Attorney-at-Law with over 30 years of experience in international corporate law. Ms. Amissah is currently a Client Director at Ocorian Services (Bermuda) Limited where she oversees all aspects of client service. Ms. Amissah is a former partner of Appleby (Bermuda) Limited, where she led the funds &investment services team and was a senior member of the firms corporate department, having joined Appleby in 1989. She also serves as a director of companies in the insurance space. Ms. Amissah holds a law degree from the London School of Economics and Political Science, she qualified as a Barrister at the Honourable Society of Lincolns Inn in London in 1988 and was later called to the Bermuda Bar in 1992. She is a member of the Institute of Directors and was appointed an accredited speaker for the Regulatory and Compliance Association in 2015. Ms. Amissah is a Bermuda citizen.お知らせ • Jan 03Golden Ocean Group Limited, Annual General Meeting, May 09, 2025Golden Ocean Group Limited, Annual General Meeting, May 09, 2025.お知らせ • Jan 02+ 4 more updatesGolden Ocean Group Limited to Report Q4, 2025 Results on Feb 27, 2026Golden Ocean Group Limited announced that they will report Q4, 2025 results on Feb 27, 2026お知らせ • Nov 27Golden Ocean Group Limited Announces Dividend for the third Quarter of 2024, Payable on or About December 18, 2024Golden Ocean Group Limited announced dividend for the third quarter 2024, Dividend amount: $0.30 per share. Ex-date: December 6, 2024, Record date: December 9, 2024, Payment date: On or about 18 December, 2024. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 20 December, 2024.Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €11.41, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 114% over the past three years.Declared Dividend • Sep 02Second quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 11th September 2024 Payment date: 20th September 2024 Dividend yield will be 8.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 3.6% to bring the payout ratio under control. EPS is expected to grow by 52% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: US$0.31 (vs US$0.17 in 2Q 2023)Second quarter 2024 results: EPS: US$0.31 (up from US$0.17 in 2Q 2023). Revenue: US$250.1m (up 17% from 2Q 2023). Net income: US$62.5m (up 79% from 2Q 2023). Profit margin: 25% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.57, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 116% over the past three years.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.36, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 89% over the past three years.New Risk • Jun 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks High level of debt (63% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (20% net profit margin). Significant insider selling over the past 3 months (€2.3m sold).Declared Dividend • May 27First quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 7th June 2024 Payment date: 17th June 2024 Dividend yield will be 5.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 23First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.044 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.33 (up from US$0.044 loss in 1Q 2023). Revenue: US$246.7m (up 26% from 1Q 2023). Net income: US$65.4m (up US$74.2m from 1Q 2023). Profit margin: 27% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.New Risk • Apr 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (13% net profit margin). Significant insider selling over the past 3 months (€2.3m sold).Recent Insider Transactions • Mar 27Insider recently sold €2.3m worth of stockOn the 21st of March, Peder Carl Simonsen sold around 201k shares on-market at roughly €11.62 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Upcoming Dividend • Mar 05Upcoming dividend of US$0.30 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 25 March 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (17%).Declared Dividend • Mar 04Fourth quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 12th March 2024 Payment date: 25th March 2024 Dividend yield will be 5.0%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. EPS is expected to grow by 123% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: US$0.56 (vs US$2.30 in FY 2022)Full year 2023 results: EPS: US$0.56 (down from US$2.30 in FY 2022). Revenue: US$885.8m (down 20% from FY 2022). Net income: US$112.3m (down 76% from FY 2022). Profit margin: 13% (down from 42% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €12.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 249% over the past three years.お知らせ • Feb 28Golden Ocean Group Limited Announces Dividend for the Fourth Quarter of 2023, Payable on or About 25 March, 2024Golden Ocean Group Limited announced a cash dividend of $0.30 per share for the fourth quarter of 2023, which is payable on or about 25 March, 2024 to shareholders of record on 13 March, 2024. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 27 March, 2024. Ex-date is 12 March, 2024.Board Change • Jan 23Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 19Golden Ocean Group Ltd. Announces the Appointment of Cato Stonex as DirectorGolden Ocean Group Ltd. announced the appointment of Mr. Cato Stonex as Director. Mr. Stonex has had a long career in fund management, initially with J Rothschild Investment Management. He was then a founder and partner of Taube Hodson Stonex (THS) for 20 years, which managed institutional portfolios of global equity mandates. THS was sold to GAM in 2016, after which he established Partners Investment Company, which focused on stock picking in small and mid-cap equities, largely in Europe. In 2021, Partners Investment Company became Stonex Capital Partners Ltd. and that same year Mr. Stonex also funded WMC Capital Ltd, an investment company focused on the recovery of the global shipping industry. Mr. Stonex has also been involved in a range of other business areas. He holds an undergraduate degree from the London School of Economics and Political Science, where he served for ten years as a Governor and is now an Emeritus Governor. He has chaired its Development Committee and is now an advisor to the Endowment Investment Committee. Mr. Stonex is closely involved with LSE Ideas, a leading academic think tank.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €8.29, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 254% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.72 per share.Reported Earnings • Nov 23Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.52 in 3Q 2022)Third quarter 2023 results: EPS: US$0.14 (down from US$0.52 in 3Q 2022). Revenue: US$222.5m (down 21% from 3Q 2022). Net income: US$28.7m (down 73% from 3Q 2022). Profit margin: 13% (down from 37% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to fall by 3.1% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 21Golden Ocean Group Limited Announces Cash Dividend for the Third Quarter of 2023, Payable on or About December 13, 2023Golden Ocean Group Limited announced a cash dividend of $0.10 per share for the third quarter of 2023, which is payable on or about December 13, 2023, to shareholders of record on December 6, 2023. Shareholders holding the Company's shares through Euronext VPS may receive this cash dividend later on or about December 15, 2023.お知らせ • Aug 31Golden Ocean Group Limited Announces Cash Dividend for the Second Quarter of 2023, Payable on or About September 19, 2023Golden Ocean Group Limited announced a cash dividend of $0.10 per share for the second quarter of 2023, which is payable on or about September 19, 2023, to shareholders of record on September 11, 2023. Shareholders holding the Company’s shares through Euronext VPS may receive this cash dividend later on or about September 21, 2023.Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: US$0.17 (vs US$0.82 in 2Q 2022)Second quarter 2023 results: EPS: US$0.17 (down from US$0.82 in 2Q 2022). Revenue: US$213.4m (down 33% from 2Q 2022). Net income: US$34.9m (down 79% from 2Q 2022). Profit margin: 16% (down from 52% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to fall by 1.7% p.a. on average during the next 3 years compared to a 6.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 02Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €8.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 25% in 2 years. Earnings is forecast to decline by 13% in the next 2 years.Buying Opportunity • Jun 19Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €9.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 26% in 2 years. Earnings is forecast to decline by 15% in the next 2 years.お知らせ • May 17+ 1 more updateGolden Ocean Group Limited Announces Impairment Charges for the First Quarter of 2023Golden Ocean Group Limited announced impairment charges for the first quarter of 2023. Impairment loss on vessels amounted to $11.8 million in the first quarter 2023 and related to the sale of two older vessels, Golden Feng and Golden Shui.Reported Earnings • May 17First quarter 2023 earnings released: US$0.04 loss per share (vs US$0.63 profit in 1Q 2022)First quarter 2023 results: US$0.04 loss per share (down from US$0.63 profit in 1Q 2022). Revenue: US$199.1m (down 25% from 1Q 2022). Net loss: US$8.82m (down 107% from profit in 1Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 20Full year 2022 earnings released: EPS: US$2.30 (vs US$2.74 in FY 2021)Full year 2022 results: EPS: US$2.30 (down from US$2.74 in FY 2021). Revenue: US$1.11b (down 7.3% from FY 2021). Net income: US$461.8m (down 12% from FY 2021). Profit margin: 42% (down from 44% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 9.4% p.a. on average during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 17Full year 2022 earnings released: EPS: US$2.30 (vs US$2.74 in FY 2021)Full year 2022 results: EPS: US$2.30 (down from US$2.74 in FY 2021). Revenue: US$1.11b (down 7.3% from FY 2021). Net income: US$461.8m (down 12% from FY 2021). Profit margin: 42% (down from 44% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 9.0% p.a. on average during the next 3 years compared to a 10% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 17Golden Ocean Group Limited Announces Dividend for the Fourth Quarter of 2022, Payable on or About 9 March, 2023Golden Ocean Group Limited announced dividend of $0.20 per share for the fourth quarter of 2022. Ex-date is 27 February, 2023. Record date is 28 February, 2023. Payment date is on or about 9 March, 2023.お知らせ • Jan 06+ 5 more updatesGolden Ocean Group Limited to Report First Half, 2023 Results on Aug 31, 2023Golden Ocean Group Limited announced that they will report first half, 2023 results on Aug 31, 2023Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: US$0.52 (vs US$0.97 in 3Q 2021)Third quarter 2022 results: EPS: US$0.52 (down from US$0.97 in 3Q 2021). Revenue: US$303.9m (down 22% from 3Q 2021). Net income: US$104.6m (down 47% from 3Q 2021). Profit margin: 34% (down from 50% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue is expected to fall by 7.4% p.a. on average during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bjorn Larsen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 16Golden Ocean Group Limited Announces Cash Dividend for the Third Quarter Ended September 30, 2022, Payable on or About December 5, 2022Golden Ocean Group Limited announced a cash dividend of $0.35 per share for the third quarter ended September 30, 2022, payable on or about December 5, 2022 to shareholders of record on November 28, 2022. Shareholders holding the company’s shares through Euronext VPS may receive this cash dividend later, on or about December 7, 2022.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to €9.49, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 181% over the past three years.Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to €8.56, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 130% over the past three years.お知らせ • Oct 05Golden Ocean Group Limited (NasdaqGS:GOGL) announces an Equity Buyback for 10,000,000 shares, for $100 million.Golden Ocean Group Limited (NasdaqGS:GOGL) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, for $100 million. The shares will be purchased at a price not greater than $10 per share. The plan will be valid for 12 months.Valuation Update With 7 Day Price Move • Sep 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €8.48, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 110% over the past three years.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €9.16, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 120% over the past three years.Upcoming Dividend • Aug 30Upcoming dividend of US$0.60 per shareEligible shareholders must have bought the stock before 06 September 2022. Payment date: 14 September 2022. Payout ratio and cash payout ratio are on the higher end at 83% and 86% respectively. Trailing yield: 35%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (11%).Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: US$0.82 (vs US$0.52 in 2Q 2021)Second quarter 2022 results: EPS: US$0.82 (up from US$0.52 in 2Q 2021). Revenue: US$326.2m (up 17% from 2Q 2021). Net income: US$163.7m (up 57% from 2Q 2021). Profit margin: 50% (up from 38% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to decline by 40% while the Shipping industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 25Golden Ocean Group Limited Announces Cash Dividend for the Second Quarter of 2022, Payable on or About September 14, 2022Golden Ocean Group Limited announced a cash dividend of $0.60 per share for the second quarter of 2022, payable on or about September 14, 2022 to shareholders of record on September 7, 2022. Shareholders holding the company’s shares through Euronext VPS may receive this cash dividend later, on or about September 16, 2022.お知らせ • Aug 18Golden Ocean Group Limited to Report Q2, 2022 Results on Aug 25, 2022Golden Ocean Group Limited announced that they will report Q2, 2022 results on Aug 25, 2022Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €10.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 149% over the past three years.Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €12.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 321% over the past three years.Upcoming Dividend • May 24Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 08 June 2022. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 23%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (8.1%).Reported Earnings • May 20First quarter 2022 earnings released: EPS: US$0.63 (vs US$0.14 in 1Q 2021)First quarter 2022 results: EPS: US$0.63 (up from US$0.14 in 1Q 2021). Revenue: US$264.8m (up 67% from 1Q 2021). Net income: US$125.3m (up 432% from 1Q 2021). Profit margin: 47% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 28% compared to a 5.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.お知らせ • May 19Golden Ocean Group Limited Announces Cash Dividend for the First Quarter of 2022, Payable on or About June 8, 2022Golden Ocean Group Limited announced a cash dividend of $0.50 per share for the first quarter of 2022, payable on or about June 8, 2022 to shareholders of record on June 1, 2022. Shareholders holding the Company’s shares through Euronext VPS may receive this cash dividend later, on or about June 10, 2022.お知らせ • May 04Golden Ocean Group Limited Announces Resignation of Tor Svelland as DirectorGolden Ocean Group Limited Ltd. announced that Mr. Tor Svelland has resigned as a Director of the Company. Mr. Svelland has served as a Director since August 2020.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Bjorn Larsen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to €12.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 239% over the past three years.お知らせ • Mar 23Golden Ocean Group Limited to Report Fiscal Year 2021 Results on Mar 23, 2022Golden Ocean Group Limited announced that they will report fiscal year 2021 results on Mar 23, 2022お知らせ • Mar 10Golden Ocean Group Ltd Announces the Appointment of Jens Martin Jensen as DirectorGolden Ocean Group Ltd. announced the appointment of Mr. Jens Martin Jensen as Director. Jens Martin Arveschoug Jensen joined Seatankers Management 1st March, 2022 – prior to that he was the CEO of Athenian Holdings.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €9.92, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 215% over the past three years.Upcoming Dividend • Feb 23Upcoming dividend of US$0.90 per shareEligible shareholders must have bought the stock before 02 March 2022. Payment date: 10 March 2022. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 28%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (5.6%).Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$2.74 (up from US$0.96 loss in FY 2020). Revenue: US$1.21b (up 98% from FY 2020). Net income: US$527.2m (up US$664.9m from FY 2020). Profit margin: 44% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 32% compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 16Golden Ocean Group Limited Announces Cash Dividend for the Fourth Quarter of 2021, Payable on or About March 10, 2022Golden Ocean Group Limited announced a cash dividend of $0.90 per share in respect of the fourth quarter of 2021, payable on or about March 10, 2022 to shareholders of record on March 3, 2022.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 17% share price gain to €10.12, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 176% over the past three years.Valuation Update With 7 Day Price Move • Dec 15Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €7.19, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 56% over the past three years.Upcoming Dividend • Dec 01Upcoming dividend of US$0.85 per shareEligible shareholders must have bought the stock before 08 December 2021. Payment date: 16 December 2021. Trailing yield: 36%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.8%).Reported Earnings • Nov 25Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: US$0.97 (up from US$0.27 in 3Q 2020). Revenue: US$393.3m (up 110% from 3Q 2020). Net income: US$195.3m (up 400% from 3Q 2020). Profit margin: 50% (up from 21% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Over the next year, revenue is expected to shrink by 16% compared to a 24% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improved over the past weekAfter last week's 15% share price gain to €8.28, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 66% over the past three years.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS US$0.52 (vs US$0.29 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$278.6m (up 143% from 2Q 2020). Net income: US$104.5m (up US$145.8m from 2Q 2020). Profit margin: 38% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improved over the past weekAfter last week's 18% share price gain to US$9.26, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Shipping industry in Europe. Total returns to shareholders of 39% over the past three years.Upcoming Dividend • May 26Inaugural dividend of US$0.25 per shareEligible shareholders must have bought the stock before 02 June 2021. Payment date: 10 June 2021. The company last paid an ordinary dividend in February 2020. The average dividend yield among industry peers is 2.0%.お知らせ • May 21+ 1 more updateGolden Ocean Group Limited Reports Impairment Loss for the First Quarter Ended March 31, 2021Golden Ocean Group Limited reported impairment loss for the first quarter ended March 31, 2021. For the quarter, the company reported Impairment loss on vessels of $4,187,000.Reported Earnings • May 21First quarter 2021 earnings released: EPS US$0.14 (vs US$1.12 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$158.7m (up 12% from 1Q 2020). Net income: US$23.6m (up US$184.4m from 1Q 2020). Profit margin: 15% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.お知らせ • Apr 28Golden Ocean Group Limited has completed a Follow-on Equity Offering in the amount of NOK 143.649981 million.Golden Ocean Group Limited has completed a Follow-on Equity Offering in the amount of NOK 143.649981 million. Security Name: Shares Security Type: Common Stock Securities Offered: 2,710,377 Price\Range: NOK 53 Transaction Features: Regulation S; Subsequent Direct ListingReported Earnings • Mar 20Full year 2020 earnings released: US$0.96 loss per share (vs US$0.26 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$610.9m (down 13% from FY 2019). Net loss: US$137.7m (down 470% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Mar 17Golden Ocean Group Limited Announces Board ChangesGolden Ocean Group Limited Ltd. announced that Marius Hermansen has resigned as a Director of the Company. Mr. Hermansen has served as a Director since September 2019. The Board also announced that Mr. Bjørn Tore Larsen will replace Mr. Hermansen. Mr. Larsen is currently the Chairman of the OSM Maritime Group, which he founded in 1989. Mr. Larsen is also the Chairman of ADS Maritime Holdings Plc a shipping investment company established in 2018 and listed on the Euronext Growth Oslo Stock Exchange. Mr. Larsen also chairs OSM Aviation, a service provider to the airline industry launched in 2013.Reported Earnings • Feb 20Full year 2020 earnings released: US$0.96 loss per share (vs US$0.26 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$610.9m (down 13% from FY 2019). Net loss: US$137.7m (down 470% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 18New 90-day high: €5.00The company is up 53% from its price of €3.26 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.65 per share.お知らせ • Feb 12+ 1 more updateGolden Ocean Group Limited, Annual General Meeting, Sep 17, 2021Golden Ocean Group Limited, Annual General Meeting, Sep 17, 2021.業績と収益の成長予測DB:KT31 - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2027837256492377112/31/2026793253383383412/31/20256458110920443/31/2025864114173246N/A12/31/2024968223264365N/A9/30/20241,012242305390N/A6/30/2024973214174337N/A3/31/2024936186-60306N/A12/31/2023886112-211266N/A9/30/2023881123-196295N/A6/30/2023942199-66346N/A3/31/20231,045328257456N/A12/31/20221,113462442503N/A9/30/20221,239597517597N/A6/30/20221,345688643699N/A3/31/20221,307629340677N/A12/31/20211,201527115560N/A9/30/20219943495413N/A6/30/2021792193-137270N/A3/31/20216284734152N/A12/31/2020611-138115141N/A9/30/2020683-122106153N/A6/30/2020716-12482141N/A3/31/2020719-11669129N/A12/31/201970537114158N/A9/30/201964220111135N/A6/30/201961218139153N/A3/31/201963860176183N/A12/31/201865985N/A187N/A9/30/201863388N/A182N/A6/30/201857153N/A145N/A3/31/201852832N/A118N/A12/31/2017464-2N/A94N/A9/30/2017399-23N/A56N/A6/30/2017342-50N/A24N/A3/31/2017297-77N/A3N/A12/31/2016258-128N/A-23N/A9/30/2016228-203N/A-47N/A6/30/2016223-217N/A-40N/A3/31/2016217-212N/A-30N/A12/31/2015190-221N/A-15N/A9/30/2015149-146N/A-6N/A6/30/2015103-112N/A-2N/A3/31/201574-72N/A4N/A12/31/20147616N/A25N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: KT31の予測収益成長率 (年間39.8% ) は 貯蓄率 ( 1.4% ) を上回っています。収益対市場: KT31の収益 ( 39.8% ) はGerman市場 ( 15.2% ) よりも速いペースで成長すると予測されています。高成長収益: KT31の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: KT31の収益は今後 3 年間で減少すると予想されています (年間-0.8% )。高い収益成長: KT31の収益は今後 3 年間で減少すると予測されています (年間-0.8% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: KT31の 自己資本利益率 は、3年後には低くなると予測されています ( 12.6 %)。成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/08/20 17:03終値2025/08/18 00:00収益2025/03/31年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Golden Ocean Group Limited 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関null nullABG Sundal CollierMarius FurulyCarnegie Investment Bank ABHans Rettedal ChristiansenDanske Bank7 その他のアナリストを表示
お知らせ • Aug 22Golden Ocean Group Limited(OB:GOGL) dropped from S&P Global BMI IndexGolden Ocean Group Limited(OB:GOGL) dropped from S&P Global BMI Index
お知らせ • Aug 21Golden Ocean Group Limited(NasdaqGS:GOGL) dropped from NASDAQ Composite IndexGolden Ocean Group Limited has been dropped from the Nasdaq Composite Index.
お知らせ • Aug 20+ 2 more updatesGolden Ocean Group Limited(OB:GOGL) dropped from Oslo OBX Total Return IndexGolden Ocean Group Limited has been dropped from the Oslo OBX Index .
お知らせ • May 21Golden Ocean Group Limited Announces Cash Dividend for the First Quarter Ended March 31, 2025, Payable on or About June 17, 2025Golden Ocean Group Limited announced a cash dividend of $0.05 per share for the first quarter March 31, 2025, which is payable on or about June 17, 2025, to shareholders of record on June 5, 2025. Shareholders holding the company’s shares through Euronext VPS may receive this cash dividend later, on or about June 19, 2025.
お知らせ • Apr 23Cmb.Tech NV (ENXTBR:CMBT) signed a term sheet to acquire remaining 50.65% stake in Golden Ocean Group Limited (NasdaqGS:GOGL) for approximately BMD 880 million.Cmb.Tech NV (ENXTBR:CMBT) signed a term sheet to acquire remaining 50.65% stake in Golden Ocean Group Limited (NasdaqGS:GOGL) for approximately BMD 880 million on April 22, 2025. The consideration consists of common equity of Cmb.Tech NV at a ratio of 0.95 per common equity of Golden Ocean Group Limited subject to customary adjustments, including to reflect share buybacks, share issuances and/or dividend distributions that may take place prior to completion of the Merger. Upon completion of the Merger, 95,952,934 new shares of CMB.TECH would be issued, whereby CMB.TECH shareholders would own approximately 70% of the total issued share capital of the combined company (or 67% excluding treasury shares) and Golden Ocean shareholders would own approximately 30% (or 33% excluding treasury shares), assuming the Exchange Ratio is not adjusted. Upon completion of the Merger, Golden Ocean would delist from NASDAQ and Euronext Oslo Børs. CMB.TECH would remain listed on the New York Stock Exchange and Euronext Brussels and will pursue a secondary listing on the Euronext Oslo Børs following and subject to completion of the Merger. As of April 3, 2025, CMB.TECH NV indirectly held a total of 98,400,304 shares of Golden Ocean, representing approximately 49.4% of Golden Ocean's outstanding voting shares. The transaction is subject to remains subject to customary conditions, including confirmatory due diligence, negotiation and execution of definitive transaction agreements, applicable board approvals, regulatory approvals, third-party consents, Golden Ocean shareholder approval, and effectiveness of a registration statement on Form F-4 to be filed by CMB.TECH with the U.S. Securities and Exchange Commission. The Board of Directors of Golden Ocean Group Limited formed a special committee and has unanimously approved the transaction. The parties aim to enter into definitive transaction agreements, including an agreement and plan of merger, during the second quarter of 2025 and to complete the Merger in the third quarter of 2025. DNB Markets acted as financial advisor to Golden Ocean Group Limited. DNB Markets acted as fairness opinion provider to Golden Ocean Group Limited.
お知らせ • Apr 01Golden Ocean Group Limited Announces Board AppointmentsGolden Ocean Group Limited announced the appointment of Mr. Carl Erik Steen and Mr. James Ayers as Directors of the Company. Mr. Steen headed the shipping and international division in Christiania Bank and Kreditkassen ASA. Mr. Steen graduated in 1975 from ETH Zurich Switzerland with a MSc in Industrial and Management Engineering. Mr. Steen holds directorship positions in various Norwegian and international companies including Golar LNG Ltd, Himalaya Shipping Ltd. and Wilhelm Wilhelmsen Holding ASA, where he is the Chairman.James Ayers has held the position of Secretary of the Company since 2018. Mr. Ayers has been the CEO of Front Ocean Management Ltd. since 2021 and was previously the Head of Corporate Administration at Frontline Ltd., where he served from 2018. Over the past decade, Mr. Ayers has held various director, company officer and management positions across the maritime and offshore energy sectors. Since 2019, Mr. Ayers has served as Director of Oslo-listed companies Paratus Energy Services Ltd. and Northern Ocean Ltd. Before relocating to Bermuda in 2015, when he joined Appleby law firms corporate services division, Mr. Ayers held management and corporate secretary positions within the finance sector in the UK. Mr. Ayers holds a Masters degree in International Business and Commercial Law (LLM), a Bachelors degree in Law (LLB) and a professional qualification in Legal Practice (LPC).
お知らせ • Mar 22Golden Ocean Group Limited Announces Changes to the Board CompositionGolden Ocean Group Limited announced the appointment by the Board of Directors of Mr. Patrick De Brabandere and Mr. Patrick Molis as Directors of the Company. Mr. Patrick De Brabandere holds a degree in Applied Economic Sciences from UCL Louvain-la Neuve. He started his career at the audit firm Arthur Andersen. In 1987, he joined Almabo, the former holding company of the Saverys family, as Project Controller. He became CFO of CMB NV in 1998 and was appointed director of CMB NV in 2002. In 2003, following the partial demerger of Exmar NV from CMB NV, he became director and CFO of Exmar NV, then COO. In 2020 he became CFO of Exmar NV again until June 2022. He currently is a director of CMB NV and he also sits on the Supervisory Board of CMB.TECH since 2023.Mr. Patrick Molis graduated from the Institut dEtudes Politiques de Paris and holds a Masters degree in law from Paris X Nanterre. He started his career as a Magistrate at the Cour des Comptes after joining the National School of Administration. Mr. Patrick Molis was General Manager of Union Normande Investissement (1989-1992), CFO of Worms &Cie Group (1994-1997), General Manager of Compagnie Nationale de Navigation (1995- 1998), Chairman of the Board of Compagnie du Ponant (2012-2015) and Chairman and CEO of Hli-Union (2013-2022). He is currently Chairman of Compagnie Nationale de Navigation (since 1998) and director of Sabena Technics. He has previously served as member of the board of directors of Euronav Luxembourg (1995-2001), Euronav (2004-2010), Compagnie Maritime Nantaise (1995-2017), Compagnie Mridionale de Navigation (2008- 2022) and of the Conseil dorientation du Domaine national de Chambord (2007-2017). Mr. Patrick Molis has been awarded the titles of Knight of the Legion of Honour and Officer of the Order of Merit. He currently sits on the Supervisory Board of CMB.TECH since 2023 as an independent member. The Company further announces that Mr. Ola Lorentzon, Mr. John Fredriksen, Mr. Ben Mills and Mr. Cato Stonex in conjunction with the above appointments have stepped down from their positions as Directors of the Company.
お知らせ • Feb 27Golden Ocean Group Limited Announces Cash Dividend for the Fourth Quarter of 2024, Payable on or About 21 March 2025Golden Ocean Group Limited announced a cash dividend of $0.15 per share for the fourth quarter of 2024, which is payable on or about 21 March 2025 to shareholders of record on 11 March 2025. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 24 March, 2025. Ex-date is 10 March 2025. Date of approval: 26 February 2025.
お知らせ • Feb 15Golden Ocean Group Limited Appoints Tonesan Amissah as DirectorGolden Ocean Group Limited announced the appointment of Ms. Tonesan Amissah as Director of the Company. Tonesan Amissah is a Barrister and Attorney-at-Law with over 30 years of experience in international corporate law. Ms. Amissah is currently a Client Director at Ocorian Services (Bermuda) Limited where she oversees all aspects of client service. Ms. Amissah is a former partner of Appleby (Bermuda) Limited, where she led the funds &investment services team and was a senior member of the firms corporate department, having joined Appleby in 1989. She also serves as a director of companies in the insurance space. Ms. Amissah holds a law degree from the London School of Economics and Political Science, she qualified as a Barrister at the Honourable Society of Lincolns Inn in London in 1988 and was later called to the Bermuda Bar in 1992. She is a member of the Institute of Directors and was appointed an accredited speaker for the Regulatory and Compliance Association in 2015. Ms. Amissah is a Bermuda citizen.
お知らせ • Jan 03Golden Ocean Group Limited, Annual General Meeting, May 09, 2025Golden Ocean Group Limited, Annual General Meeting, May 09, 2025.
お知らせ • Jan 02+ 4 more updatesGolden Ocean Group Limited to Report Q4, 2025 Results on Feb 27, 2026Golden Ocean Group Limited announced that they will report Q4, 2025 results on Feb 27, 2026
お知らせ • Nov 27Golden Ocean Group Limited Announces Dividend for the third Quarter of 2024, Payable on or About December 18, 2024Golden Ocean Group Limited announced dividend for the third quarter 2024, Dividend amount: $0.30 per share. Ex-date: December 6, 2024, Record date: December 9, 2024, Payment date: On or about 18 December, 2024. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 20 December, 2024.
Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €11.41, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 114% over the past three years.
Declared Dividend • Sep 02Second quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 11th September 2024 Payment date: 20th September 2024 Dividend yield will be 8.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 3.6% to bring the payout ratio under control. EPS is expected to grow by 52% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: US$0.31 (vs US$0.17 in 2Q 2023)Second quarter 2024 results: EPS: US$0.31 (up from US$0.17 in 2Q 2023). Revenue: US$250.1m (up 17% from 2Q 2023). Net income: US$62.5m (up 79% from 2Q 2023). Profit margin: 25% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.57, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 116% over the past three years.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.36, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 89% over the past three years.
New Risk • Jun 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks High level of debt (63% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (20% net profit margin). Significant insider selling over the past 3 months (€2.3m sold).
Declared Dividend • May 27First quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 7th June 2024 Payment date: 17th June 2024 Dividend yield will be 5.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 23First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.044 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.33 (up from US$0.044 loss in 1Q 2023). Revenue: US$246.7m (up 26% from 1Q 2023). Net income: US$65.4m (up US$74.2m from 1Q 2023). Profit margin: 27% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
New Risk • Apr 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (13% net profit margin). Significant insider selling over the past 3 months (€2.3m sold).
Recent Insider Transactions • Mar 27Insider recently sold €2.3m worth of stockOn the 21st of March, Peder Carl Simonsen sold around 201k shares on-market at roughly €11.62 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Upcoming Dividend • Mar 05Upcoming dividend of US$0.30 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 25 March 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (17%).
Declared Dividend • Mar 04Fourth quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 12th March 2024 Payment date: 25th March 2024 Dividend yield will be 5.0%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. EPS is expected to grow by 123% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: US$0.56 (vs US$2.30 in FY 2022)Full year 2023 results: EPS: US$0.56 (down from US$2.30 in FY 2022). Revenue: US$885.8m (down 20% from FY 2022). Net income: US$112.3m (down 76% from FY 2022). Profit margin: 13% (down from 42% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €12.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 249% over the past three years.
お知らせ • Feb 28Golden Ocean Group Limited Announces Dividend for the Fourth Quarter of 2023, Payable on or About 25 March, 2024Golden Ocean Group Limited announced a cash dividend of $0.30 per share for the fourth quarter of 2023, which is payable on or about 25 March, 2024 to shareholders of record on 13 March, 2024. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 27 March, 2024. Ex-date is 12 March, 2024.
Board Change • Jan 23Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 19Golden Ocean Group Ltd. Announces the Appointment of Cato Stonex as DirectorGolden Ocean Group Ltd. announced the appointment of Mr. Cato Stonex as Director. Mr. Stonex has had a long career in fund management, initially with J Rothschild Investment Management. He was then a founder and partner of Taube Hodson Stonex (THS) for 20 years, which managed institutional portfolios of global equity mandates. THS was sold to GAM in 2016, after which he established Partners Investment Company, which focused on stock picking in small and mid-cap equities, largely in Europe. In 2021, Partners Investment Company became Stonex Capital Partners Ltd. and that same year Mr. Stonex also funded WMC Capital Ltd, an investment company focused on the recovery of the global shipping industry. Mr. Stonex has also been involved in a range of other business areas. He holds an undergraduate degree from the London School of Economics and Political Science, where he served for ten years as a Governor and is now an Emeritus Governor. He has chaired its Development Committee and is now an advisor to the Endowment Investment Committee. Mr. Stonex is closely involved with LSE Ideas, a leading academic think tank.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €8.29, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 254% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.72 per share.
Reported Earnings • Nov 23Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.52 in 3Q 2022)Third quarter 2023 results: EPS: US$0.14 (down from US$0.52 in 3Q 2022). Revenue: US$222.5m (down 21% from 3Q 2022). Net income: US$28.7m (down 73% from 3Q 2022). Profit margin: 13% (down from 37% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to fall by 3.1% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 21Golden Ocean Group Limited Announces Cash Dividend for the Third Quarter of 2023, Payable on or About December 13, 2023Golden Ocean Group Limited announced a cash dividend of $0.10 per share for the third quarter of 2023, which is payable on or about December 13, 2023, to shareholders of record on December 6, 2023. Shareholders holding the Company's shares through Euronext VPS may receive this cash dividend later on or about December 15, 2023.
お知らせ • Aug 31Golden Ocean Group Limited Announces Cash Dividend for the Second Quarter of 2023, Payable on or About September 19, 2023Golden Ocean Group Limited announced a cash dividend of $0.10 per share for the second quarter of 2023, which is payable on or about September 19, 2023, to shareholders of record on September 11, 2023. Shareholders holding the Company’s shares through Euronext VPS may receive this cash dividend later on or about September 21, 2023.
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: US$0.17 (vs US$0.82 in 2Q 2022)Second quarter 2023 results: EPS: US$0.17 (down from US$0.82 in 2Q 2022). Revenue: US$213.4m (down 33% from 2Q 2022). Net income: US$34.9m (down 79% from 2Q 2022). Profit margin: 16% (down from 52% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to fall by 1.7% p.a. on average during the next 3 years compared to a 6.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 02Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €8.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 25% in 2 years. Earnings is forecast to decline by 13% in the next 2 years.
Buying Opportunity • Jun 19Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €9.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 26% in 2 years. Earnings is forecast to decline by 15% in the next 2 years.
お知らせ • May 17+ 1 more updateGolden Ocean Group Limited Announces Impairment Charges for the First Quarter of 2023Golden Ocean Group Limited announced impairment charges for the first quarter of 2023. Impairment loss on vessels amounted to $11.8 million in the first quarter 2023 and related to the sale of two older vessels, Golden Feng and Golden Shui.
Reported Earnings • May 17First quarter 2023 earnings released: US$0.04 loss per share (vs US$0.63 profit in 1Q 2022)First quarter 2023 results: US$0.04 loss per share (down from US$0.63 profit in 1Q 2022). Revenue: US$199.1m (down 25% from 1Q 2022). Net loss: US$8.82m (down 107% from profit in 1Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 20Full year 2022 earnings released: EPS: US$2.30 (vs US$2.74 in FY 2021)Full year 2022 results: EPS: US$2.30 (down from US$2.74 in FY 2021). Revenue: US$1.11b (down 7.3% from FY 2021). Net income: US$461.8m (down 12% from FY 2021). Profit margin: 42% (down from 44% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 9.4% p.a. on average during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 17Full year 2022 earnings released: EPS: US$2.30 (vs US$2.74 in FY 2021)Full year 2022 results: EPS: US$2.30 (down from US$2.74 in FY 2021). Revenue: US$1.11b (down 7.3% from FY 2021). Net income: US$461.8m (down 12% from FY 2021). Profit margin: 42% (down from 44% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 9.0% p.a. on average during the next 3 years compared to a 10% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 17Golden Ocean Group Limited Announces Dividend for the Fourth Quarter of 2022, Payable on or About 9 March, 2023Golden Ocean Group Limited announced dividend of $0.20 per share for the fourth quarter of 2022. Ex-date is 27 February, 2023. Record date is 28 February, 2023. Payment date is on or about 9 March, 2023.
お知らせ • Jan 06+ 5 more updatesGolden Ocean Group Limited to Report First Half, 2023 Results on Aug 31, 2023Golden Ocean Group Limited announced that they will report first half, 2023 results on Aug 31, 2023
Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: US$0.52 (vs US$0.97 in 3Q 2021)Third quarter 2022 results: EPS: US$0.52 (down from US$0.97 in 3Q 2021). Revenue: US$303.9m (down 22% from 3Q 2021). Net income: US$104.6m (down 47% from 3Q 2021). Profit margin: 34% (down from 50% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue is expected to fall by 7.4% p.a. on average during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bjorn Larsen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 16Golden Ocean Group Limited Announces Cash Dividend for the Third Quarter Ended September 30, 2022, Payable on or About December 5, 2022Golden Ocean Group Limited announced a cash dividend of $0.35 per share for the third quarter ended September 30, 2022, payable on or about December 5, 2022 to shareholders of record on November 28, 2022. Shareholders holding the company’s shares through Euronext VPS may receive this cash dividend later, on or about December 7, 2022.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to €9.49, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 181% over the past three years.
Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to €8.56, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 130% over the past three years.
お知らせ • Oct 05Golden Ocean Group Limited (NasdaqGS:GOGL) announces an Equity Buyback for 10,000,000 shares, for $100 million.Golden Ocean Group Limited (NasdaqGS:GOGL) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, for $100 million. The shares will be purchased at a price not greater than $10 per share. The plan will be valid for 12 months.
Valuation Update With 7 Day Price Move • Sep 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €8.48, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 110% over the past three years.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €9.16, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 120% over the past three years.
Upcoming Dividend • Aug 30Upcoming dividend of US$0.60 per shareEligible shareholders must have bought the stock before 06 September 2022. Payment date: 14 September 2022. Payout ratio and cash payout ratio are on the higher end at 83% and 86% respectively. Trailing yield: 35%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (11%).
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: US$0.82 (vs US$0.52 in 2Q 2021)Second quarter 2022 results: EPS: US$0.82 (up from US$0.52 in 2Q 2021). Revenue: US$326.2m (up 17% from 2Q 2021). Net income: US$163.7m (up 57% from 2Q 2021). Profit margin: 50% (up from 38% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to decline by 40% while the Shipping industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 25Golden Ocean Group Limited Announces Cash Dividend for the Second Quarter of 2022, Payable on or About September 14, 2022Golden Ocean Group Limited announced a cash dividend of $0.60 per share for the second quarter of 2022, payable on or about September 14, 2022 to shareholders of record on September 7, 2022. Shareholders holding the company’s shares through Euronext VPS may receive this cash dividend later, on or about September 16, 2022.
お知らせ • Aug 18Golden Ocean Group Limited to Report Q2, 2022 Results on Aug 25, 2022Golden Ocean Group Limited announced that they will report Q2, 2022 results on Aug 25, 2022
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €10.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 149% over the past three years.
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €12.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 321% over the past three years.
Upcoming Dividend • May 24Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 08 June 2022. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 23%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (8.1%).
Reported Earnings • May 20First quarter 2022 earnings released: EPS: US$0.63 (vs US$0.14 in 1Q 2021)First quarter 2022 results: EPS: US$0.63 (up from US$0.14 in 1Q 2021). Revenue: US$264.8m (up 67% from 1Q 2021). Net income: US$125.3m (up 432% from 1Q 2021). Profit margin: 47% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 28% compared to a 5.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
お知らせ • May 19Golden Ocean Group Limited Announces Cash Dividend for the First Quarter of 2022, Payable on or About June 8, 2022Golden Ocean Group Limited announced a cash dividend of $0.50 per share for the first quarter of 2022, payable on or about June 8, 2022 to shareholders of record on June 1, 2022. Shareholders holding the Company’s shares through Euronext VPS may receive this cash dividend later, on or about June 10, 2022.
お知らせ • May 04Golden Ocean Group Limited Announces Resignation of Tor Svelland as DirectorGolden Ocean Group Limited Ltd. announced that Mr. Tor Svelland has resigned as a Director of the Company. Mr. Svelland has served as a Director since August 2020.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Bjorn Larsen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to €12.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 239% over the past three years.
お知らせ • Mar 23Golden Ocean Group Limited to Report Fiscal Year 2021 Results on Mar 23, 2022Golden Ocean Group Limited announced that they will report fiscal year 2021 results on Mar 23, 2022
お知らせ • Mar 10Golden Ocean Group Ltd Announces the Appointment of Jens Martin Jensen as DirectorGolden Ocean Group Ltd. announced the appointment of Mr. Jens Martin Jensen as Director. Jens Martin Arveschoug Jensen joined Seatankers Management 1st March, 2022 – prior to that he was the CEO of Athenian Holdings.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €9.92, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 215% over the past three years.
Upcoming Dividend • Feb 23Upcoming dividend of US$0.90 per shareEligible shareholders must have bought the stock before 02 March 2022. Payment date: 10 March 2022. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 28%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (5.6%).
Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$2.74 (up from US$0.96 loss in FY 2020). Revenue: US$1.21b (up 98% from FY 2020). Net income: US$527.2m (up US$664.9m from FY 2020). Profit margin: 44% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 32% compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 16Golden Ocean Group Limited Announces Cash Dividend for the Fourth Quarter of 2021, Payable on or About March 10, 2022Golden Ocean Group Limited announced a cash dividend of $0.90 per share in respect of the fourth quarter of 2021, payable on or about March 10, 2022 to shareholders of record on March 3, 2022.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 17% share price gain to €10.12, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 176% over the past three years.
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €7.19, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 56% over the past three years.
Upcoming Dividend • Dec 01Upcoming dividend of US$0.85 per shareEligible shareholders must have bought the stock before 08 December 2021. Payment date: 16 December 2021. Trailing yield: 36%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.8%).
Reported Earnings • Nov 25Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: US$0.97 (up from US$0.27 in 3Q 2020). Revenue: US$393.3m (up 110% from 3Q 2020). Net income: US$195.3m (up 400% from 3Q 2020). Profit margin: 50% (up from 21% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Over the next year, revenue is expected to shrink by 16% compared to a 24% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improved over the past weekAfter last week's 15% share price gain to €8.28, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 66% over the past three years.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS US$0.52 (vs US$0.29 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$278.6m (up 143% from 2Q 2020). Net income: US$104.5m (up US$145.8m from 2Q 2020). Profit margin: 38% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improved over the past weekAfter last week's 18% share price gain to US$9.26, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Shipping industry in Europe. Total returns to shareholders of 39% over the past three years.
Upcoming Dividend • May 26Inaugural dividend of US$0.25 per shareEligible shareholders must have bought the stock before 02 June 2021. Payment date: 10 June 2021. The company last paid an ordinary dividend in February 2020. The average dividend yield among industry peers is 2.0%.
お知らせ • May 21+ 1 more updateGolden Ocean Group Limited Reports Impairment Loss for the First Quarter Ended March 31, 2021Golden Ocean Group Limited reported impairment loss for the first quarter ended March 31, 2021. For the quarter, the company reported Impairment loss on vessels of $4,187,000.
Reported Earnings • May 21First quarter 2021 earnings released: EPS US$0.14 (vs US$1.12 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$158.7m (up 12% from 1Q 2020). Net income: US$23.6m (up US$184.4m from 1Q 2020). Profit margin: 15% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 28Golden Ocean Group Limited has completed a Follow-on Equity Offering in the amount of NOK 143.649981 million.Golden Ocean Group Limited has completed a Follow-on Equity Offering in the amount of NOK 143.649981 million. Security Name: Shares Security Type: Common Stock Securities Offered: 2,710,377 Price\Range: NOK 53 Transaction Features: Regulation S; Subsequent Direct Listing
Reported Earnings • Mar 20Full year 2020 earnings released: US$0.96 loss per share (vs US$0.26 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$610.9m (down 13% from FY 2019). Net loss: US$137.7m (down 470% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 17Golden Ocean Group Limited Announces Board ChangesGolden Ocean Group Limited Ltd. announced that Marius Hermansen has resigned as a Director of the Company. Mr. Hermansen has served as a Director since September 2019. The Board also announced that Mr. Bjørn Tore Larsen will replace Mr. Hermansen. Mr. Larsen is currently the Chairman of the OSM Maritime Group, which he founded in 1989. Mr. Larsen is also the Chairman of ADS Maritime Holdings Plc a shipping investment company established in 2018 and listed on the Euronext Growth Oslo Stock Exchange. Mr. Larsen also chairs OSM Aviation, a service provider to the airline industry launched in 2013.
Reported Earnings • Feb 20Full year 2020 earnings released: US$0.96 loss per share (vs US$0.26 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$610.9m (down 13% from FY 2019). Net loss: US$137.7m (down 470% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 18New 90-day high: €5.00The company is up 53% from its price of €3.26 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.65 per share.
お知らせ • Feb 12+ 1 more updateGolden Ocean Group Limited, Annual General Meeting, Sep 17, 2021Golden Ocean Group Limited, Annual General Meeting, Sep 17, 2021.