View Financial HealthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsGolden Ocean Group 배당 및 자사주 매입배당 기준 점검 2/6Golden Ocean Group 은(는) 현재 수익률이 13.16% 인 배당금 지급 회사입니다.핵심 정보13.2%배당 수익률0.4%자사주 매입 수익률총 주주 수익률13.5%미래 배당 수익률7.9%배당 성장률18.4%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향141%최근 배당 및 자사주 매입 업데이트Declared Dividend • May 29First quarter dividend reduced to US$0.05Dividend of US$0.05 is 83% lower than last year. Ex-date: 5th June 2025 Payment date: 17th June 2025 Dividend yield will be 11%, which is higher than the industry average of 8.4%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio) nor is it covered by cash flows (121% 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 56% to bring the payout ratio under control. EPS is expected to grow by 107% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • 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.Declared Dividend • Feb 28Fourth quarter dividend reduced to US$0.15Dividend of US$0.15 is 50% lower than last year. Ex-date: 11th March 2025 Payment date: 21st March 2025 Dividend yield will be 11%, which is higher than the industry average of 8.4%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (79% 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 4.5% to bring the payout ratio under control. However, EPS is expected to decline by 13% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • 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.공시 • 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.Declared Dividend • Aug 30Second 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 8.1%, which is about the same as the industry average. 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.모든 업데이트 보기Recent updates공시 • 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 Index공시 • Aug 21Golden Ocean Group Limited(NasdaqGS:GOGL) dropped from NASDAQ Composite IndexGolden Ocean Group Limited has been dropped from the Nasdaq Composite Index.공시 • 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 .Seeking Alpha • Jul 16Golden Ocean: Strategic Merger, Strong Dividends, And Attractive ValuationSummary Golden Ocean’s merger with CMB.TECH blends a modern dry bulk fleet with cutting-edge green propulsion, creating a global maritime leader aligned with long-term decarbonization goals. It trades at attractive valuation levels, with a P/E FWD of 12.2x and P/B under 1x—well below industry averages—offering a compelling entry point. The company maintains strong profitability, with a 38% EBITDA margin and 9.5% dividend yield, supported by disciplined capital allocation and solid free cash flow. An implied 8–9% upside exists through the merger exchange ratio, creating a short-term arbitrage opportunity ahead of expected completion in Q3 2025. Read the full article on Seeking AlphaDeclared Dividend • May 29First quarter dividend reduced to US$0.05Dividend of US$0.05 is 83% lower than last year. Ex-date: 5th June 2025 Payment date: 17th June 2025 Dividend yield will be 11%, which is higher than the industry average of 8.4%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio) nor is it covered by cash flows (121% 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 56% to bring the payout ratio under control. EPS is expected to grow by 107% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • May 22First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.22 loss per share (down from US$0.33 profit in 1Q 2024). Revenue: US$141.9m (down 43% from 1Q 2024). Net loss: US$44.1m (down 168% from profit in 1Q 2024). Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in the US. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.공시 • 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.Price Target Changed • May 20Price target decreased by 23% to US$9.00Down from US$11.62, the current price target is an average from 2 analysts. New target price is 16% above last closing price of US$7.79. The company is forecast to post earnings per share of US$0.55 for next year compared to US$1.12 last year.Major Estimate Revision • Apr 24Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$652.5m to US$642.4m. EPS estimate also fell from US$0.644 per share to US$0.574 per share. Net income forecast to shrink 56% next year vs 41% decline forecast for Shipping industry in the US. Consensus price target down from US$11.62 to US$10.86. Share price rose 6.8% to US$7.65 over the past week.공시 • 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.분석 기사 • Apr 18What Is Golden Ocean Group Limited's (NASDAQ:GOGL) Share Price Doing?Golden Ocean Group Limited ( NASDAQ:GOGL ), is not the largest company out there, but it saw a decent share price...Seeking Alpha • Apr 16Golden Ocean: Strong Buy TodaySummary Golden Ocean's share price has dropped significantly, making it an attractive entry point, especially with potential takeover interest from Cmb.Tech. Golden Ocean is a well-managed, shareholder-friendly company with a healthy dividend yield a strong balance sheet, trading at a low P/E ratio. Cmb.Tech's recent and substantial investments in Golden Ocean suggest a likely buy-out, offering significant upside potential from the current share price. Despite risks associated with the volatile dry-bulk market, Golden Ocean's current valuation and takeover prospects make it a strong buy. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$6.48, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 3x in the Shipping industry in the US. Total loss to shareholders of 27% over the past three years.Board Change • Apr 02Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director James O'Shaughnessy is the most experienced director on the board, commencing their role in 2018. Independent Director Tonesan Amissah was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.공시 • 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).분석 기사 • Mar 27Golden Ocean Group's (NASDAQ:GOGL) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for Golden Ocean Group Limited's ( NASDAQ:GOGL ) stock hasn't moved...공시 • 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.분석 기사 • Mar 20We Think Golden Ocean Group (NASDAQ:GOGL) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$8.23, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 4x in the Shipping industry in the US. Negligible returns to shareholders over past three years.Major Estimate Revision • Mar 07Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$698.4m to US$659.2m. EPS estimate also fell from US$0.83 per share to US$0.63 per share. Net income forecast to shrink 47% next year vs 19% decline forecast for Shipping industry in the US. Consensus price target of US$11.62 unchanged from last update. Share price fell 9.6% to US$8.77 over the past week.Declared Dividend • Feb 28Fourth quarter dividend reduced to US$0.15Dividend of US$0.15 is 50% lower than last year. Ex-date: 11th March 2025 Payment date: 21st March 2025 Dividend yield will be 11%, which is higher than the industry average of 8.4%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (79% 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 4.5% to bring the payout ratio under control. However, EPS is expected to decline by 13% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • 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.Reported Earnings • Feb 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$1.12 (up from US$0.56 in FY 2023). Revenue: US$968.4m (up 9.3% from FY 2023). Net income: US$223.2m (up 99% from FY 2023). Profit margin: 23% (up from 13% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is expected to fall by 11% p.a. on average during the next 2 years compared to a 2.2% decline forecast for the Shipping industry in the US. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Price Target Changed • Feb 19Price target decreased by 12% to US$11.60Down from US$13.17, the current price target is an average from 4 analysts. New target price is 23% above last closing price of US$9.41. Stock is down 16% over the past year. The company is forecast to post earnings per share of US$1.13 for next year compared to US$0.56 last year.공시 • 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.분석 기사 • Jan 30Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Right But Growth Is LackingWith a price-to-earnings (or "P/E") ratio of 7.6x Golden Ocean Group Limited ( NASDAQ:GOGL ) may be sending very...Seeking Alpha • Jan 22Golden Ocean: A Top-Tier Dry Bulk Operator Focused On The Capesize MarketSummary Golden Ocean owns 91 dry bulk vessels with a combined capacity of 13.8 million deadweight tons, one of the industry's largest fleets and second only to Star Bulk. With an average age of 7.7 years, Golden Ocean has one of the youngest fleets in the industry, only behind Himalaya Shipping and its fleet of brand-new Newcastlemax carriers. Given Golden Ocean's size, general and administrative expenses represented only 6.1% of TCE revenues in the first nine months of 2024, which is among the lowest among industry peers. The Capesize order book is at one of the lowest levels in decades, while ton-mile demand continues to be supported by strong exports from Guinea and Brazil. Read the full article on Seeking Alpha공시 • Jan 03Golden Ocean Group Limited, Annual General Meeting, May 09, 2025Golden Ocean Group Limited, Annual General Meeting, May 09, 2025.분석 기사 • Jan 03Is There Now An Opportunity In Golden Ocean Group Limited (NASDAQ:GOGL)?While Golden Ocean Group Limited ( NASDAQ:GOGL ) might not have the largest market cap around , it saw significant...공시 • 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, 2026분석 기사 • Dec 16Is Golden Ocean Group (NASDAQ:GOGL) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Major Estimate Revision • Dec 04Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$791.3m to US$778.7m. EPS estimate also fell from US$1.34 per share to US$1.17 per share. Net income forecast to grow 0.4% next year vs 0.4% growth forecast for Shipping industry in the US. Consensus price target down from US$14.98 to US$13.79. Share price fell 2.8% to US$9.81 over the past week.Seeking Alpha • Nov 29Golden Ocean Group: The Drop In Stock Price May Offer An OpportunitySummary Golden Ocean Group delivered a pretty good Q3 financial results, despite a sluggish freight market for the Panamax vessels. Uncertainties around imminent U.S. tariffs on import will change some trading patterns, potentially adding tons/miles. However, return to usage of the Suez Canal will reduce the tons/miles. Despite uncertainties, latest reduction in GOGL share price may offer a buying opportunity. Golden Ocean's fundamentals, such as P/E and debt/equity look attractive. Read the full article on Seeking AlphaPrice Target Changed • Nov 29Price target decreased by 12% to US$13.79Down from US$15.73, the current price target is an average from 4 analysts. New target price is 37% above last closing price of US$10.09. Stock is up 4.1% over the past year. The company is forecast to post earnings per share of US$1.17 for next year compared to US$0.56 last year.Reported Earnings • Nov 27Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.28 (up from US$0.14 in 3Q 2023). Revenue: US$264.8m (up 20% from 3Q 2023). Net income: US$56.3m (up 96% from 3Q 2023). Profit margin: 21% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • 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.Price Target Changed • Nov 21Price target decreased by 7.7% to US$15.01Down from US$16.26, the current price target is an average from 4 analysts. New target price is 34% above last closing price of US$11.19. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$1.34 for next year compared to US$0.56 last year.분석 기사 • Nov 19There's Been No Shortage Of Growth Recently For Golden Ocean Group's (NASDAQ:GOGL) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...Seeking Alpha • Nov 02Golden Ocean Is Picking Up A TailwindSummary Shipping is an essential tool to serve the growing demand for dry bulk commodities: supply chains must be maintained, amid ongoing conflicts and longer routes. Increased distances and instability risks result in higher shipping costs. Shipping companies with bigger deadweight (dwt) capacity have a competitive edge in that segment. Golden Ocean is strategically well-positioned in the business of higher dwt vessels, where competition is low: a further penetration in this segment could boost its growth and dividends. The current price doesn’t reflect its strengths. My buy-target is in the $13.6-$15.8 range. I used a DDM model to represent potential of the company to distribute interesting dividends in the future. Read the full article on Seeking Alpha분석 기사 • Oct 17Golden Ocean Group Limited (NASDAQ:GOGL) Might Not Be As Mispriced As It LooksWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...Seeking Alpha • Oct 15Golden Ocean Group: Top Spec Fleet And Attractive Shareholder ReturnsSummary Golden Ocean net and operating results remained stable QoQ due to revenue and expense changes offsetting each other. GOGL's balance sheet is in shape. The company reported $99 million cash, $994 long-term debt, and 73% Total Debt to Equity. Market tailwinds, such as robust tonne-mile demand and constrained vessel supply, further support the investment thesis. GOGL's strong financials, attractive fleet, and appealing dividends make it a compelling investment. I change GOGL's rating to a Strong Buy. Read the full article on Seeking AlphaSeeking Alpha • Oct 04Golden Ocean Has Found A Way To Navigate The Cyclical Bulk Carrier BusinessSummary GOGL has improved returns since 2014 by focusing on efficiency, cost-effectiveness, and flexibility in fleet management and market positioning. Despite a volatile bottom line due to fluctuating charter rates and asset write-downs, GOGL has delivered record profitability in recent years. Its financial position is average. A Monte Carlo simulation shows that there is a 2.6 to 1 odds that the intrinsic value is greater than the market price. This is a good "margin of safety." Read the full article on Seeking Alpha분석 기사 • Sep 19When Should You Buy Golden Ocean Group Limited (NASDAQ:GOGL)?Golden Ocean Group Limited ( NASDAQ:GOGL ), might not be a large cap stock, but it received a lot of attention from a...새로운 내러티브 • Sep 10Expanding Fleet And Calculated Innovations Propel Growth In Dry Bulk Shipping Strategic fleet renewal and expansion, emphasizing larger, efficient vessels, positions Golden Ocean for revenue growth in favorable dry bulk segments.Declared Dividend • Aug 30Second 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 8.1%, which is about the same as the industry average. 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: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. 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 2% per year, which means it is well ahead of earnings.Major Estimate Revision • Aug 28Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$1.67 to US$1.40. Revenue forecast unchanged from US$815.7m at last update. Net income forecast to grow 54% next year vs 15% growth forecast for Shipping industry in the US. Consensus price target down from US$16.21 to US$15.23. Share price was steady at US$12.09 over the past week.Seeking Alpha • Jul 22Golden Ocean Group Has Potential For Long-Term GrowthSummary Golden Ocean Group investors benefit from the firm's young fleet of large ships traversing rough seas delivering essential cargo. The share price is up 33% YTD, but watch for dips. Dry bulk carriers face challenges common in maritime shipping. We characterize Golden Ocean as being in ship-owning perhaps more than cargo shipping. Analysts forecast a fair value of $12.90-$14 per share, with potential for earnings growth and a target price range of $14.80-$17. Read the full article on Seeking Alpha분석 기사 • Jul 12We Think Golden Ocean Group (NASDAQ:GOGL) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Jun 22Returns At Golden Ocean Group (NASDAQ:GOGL) Are On The Way UpFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Major Estimate Revision • May 31Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$1.51 to US$1.67. Revenue forecast steady at US$791.8m. Net income forecast to grow 59% next year vs 21% growth forecast for Shipping industry in the US. Consensus price target of US$15.69 unchanged from last update. Share price was steady at US$14.39 over the past week.Declared Dividend • May 24First quarter dividend increased to US$0.30Dividend of US$0.30 is 200% higher than last year. Ex-date: 7th June 2024 Payment date: 17th June 2024 Dividend yield will be 5.5%, which is lower than the industry average of 8.4%. 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: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. 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 13% per year, which means it is well ahead of earnings.분석 기사 • May 21Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With RevenuesGolden Ocean Group Limited's ( NASDAQ:GOGL ) price-to-sales (or "P/S") ratio of 3.5x may look like a poor investment...분석 기사 • May 08At US$14.86, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?Golden Ocean Group Limited ( NASDAQ:GOGL ), might not be a large cap stock, but it led the NASDAQGS gainers with a...Price Target Changed • Apr 29Price target increased by 9.1% to US$15.40Up from US$14.12, the current price target is an average from 5 analysts. New target price is 11% above last closing price of US$13.87. Stock is up 56% over the past year. The company is forecast to post earnings per share of US$1.77 for next year compared to US$0.56 last year.Seeking Alpha • Apr 27Golden Ocean Group Stock: What A Strength - More To ComeSummary GOGL is the only public pure-play capesize provider on the market - in theory, this shipping niche should suffer less than others from the imminent influx of new supply. For the 11th consecutive quarter, GOGL announced a cash dividend of $0.30 per share for Q4 2023 - that was 50% more than last year for the same period. The company has succeeded in significantly reducing its debt - the process of debt reduction has been in full swing recently and has not stopped at the deterioration in profitability. GOGL stands out in the bulk carrier sector, specializing in Capesize vessels, boasting robust financials, and is currently undervalued amidst upward EPS revisions. I therefore reiterate my Buy rating on the stock. Read the full article on Seeking Alpha분석 기사 • Apr 11Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Recent Insider Transactions • Mar 27Insider recently sold US$2.5m worth of stockOn the 21st of March, Peder Carl Simonsen sold around 201k shares on-market at roughly US$12.62 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.Seeking Alpha • Mar 22Golden Ocean Group: Excellent Fleet, Strong Financials And Attractive YieldsSummary Golden Ocean Group owns 52 Capesize (19 Newcastlemax and 33 regular Capes) vessels with an average age of 8Y and 31 Panamax with an average age of 6Y. GOGL has $116 million in cash, $1,260 million in long-term debt, and $1,460 million in total debt. The capital structure is 76.5% total debt/equity and 44.9% total liabilities/total assets. The company announced a $0.30/share cash dividend for 4Q23. The TTM dividend yield is 4.68%. With rising TCE rates, I expect dividends to grow higher. GOGL offers a balance between price vs. value, leverage, and fleet specifications. My verdict is a buy rating. Read the full article on Seeking AlphaSeeking Alpha • Mar 05Is The Good News Priced In For Golden Ocean's Share Price?Summary Golden Ocean Group Limited has published its last quarter and FY 2023 results, with adjusted net income and dividends showing improvement. The dividend yield on a TTM basis has not been very good, but the current share price suggests expectations for earnings and dividends to rise in 2024. The stock market participants may be too optimistic about the dry bulk market for 2024, leading to a downgrade in the bullish call from Buy to Hold. Read the full article on Seeking AlphaUpcoming 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 American dividend payers (4.7%). Higher than average of industry peers (4.1%).Reported Earnings • Mar 01Full year 2023 earnings: EPS exceeds analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in the US. 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 25% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Feb 29Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$721.7m to US$804.3m. EPS estimate increased from US$0.941 to US$1.56 per share. Net income forecast to grow 79% next year vs 17% growth forecast for Shipping industry in the US. Consensus price target up from US$11.96 to US$13.52. Share price rose 12% to US$12.87 over the past week.Price Target Changed • Feb 28Price target increased by 8.2% to US$12.36Up from US$11.42, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$12.72. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$0.53 for next year compared to US$2.30 last year.공시 • 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.분석 기사 • Feb 22Golden Ocean Group's (NASDAQ:GOGL) Returns Have Hit A WallIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...분석 기사 • Feb 04Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With RevenuesWhen you see that almost half of the companies in the Shipping industry in the United States have price-to-sales ratios...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.공시 • 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.분석 기사 • Jan 07Should You Think About Buying Golden Ocean Group Limited (NASDAQ:GOGL) Now?Golden Ocean Group Limited ( NASDAQ:GOGL ), is not the largest company out there, but it received a lot of attention...Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$9.01, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Shipping industry in the US. Total returns to shareholders of 221% over the past three years.Upcoming Dividend • Nov 28Upcoming dividend of US$0.10 per share at 18% yieldEligible shareholders must have bought the stock before 05 December 2023. Payment date: 13 December 2023. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 18%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (9.9%).Reported Earnings • Nov 24Third 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$221.7m (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 forecast to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. 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 27% per year, which means it is significantly lagging earnings growth.공시 • 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.분석 기사 • Nov 15Returns On Capital Are Showing Encouraging Signs At Golden Ocean Group (NASDAQ:GOGL)What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...분석 기사 • Oct 27Golden Ocean Group (NASDAQ:GOGL) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...분석 기사 • Oct 05At US$7.67, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?While Golden Ocean Group Limited ( NASDAQ:GOGL ) might not be the most widely known stock at the moment, it saw a...Major Estimate Revision • Sep 13Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$616.0m to US$601.5m. EPS estimate also fell from US$0.45 per share to US$0.405 per share. Net income forecast to shrink 26% next year vs 31% decline forecast for Shipping industry in the US. Consensus price target down from US$9.75 to US$9.42. Share price was steady at US$7.44 over the past week.공시 • 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: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 70%. Revenue is expected to fall by 1.7% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Shipping industry in the US. 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 24% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Aug 25Consensus EPS estimates fall by 47%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.774 to US$0.41 per share. Revenue forecast steady at US$616.7m. Net income forecast to shrink 57% next year vs 35% decline forecast for Shipping industry in the US. Consensus price target down from US$9.68 to US$9.38. Share price fell 7.0% to US$6.94 over the past week.분석 기사 • Jul 28Golden Ocean Group (NASDAQ:GOGL) Might Have The Makings Of A Multi-BaggerTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...Price Target Changed • Jul 23Price target decreased by 24% to US$9.68Down from US$12.80, the current price target is an average from 4 analysts. New target price is 35% above last closing price of US$7.18. Stock is down 34% over the past year. The company is forecast to post earnings per share of US$0.85 for next year compared to US$2.30 last year.분석 기사 • Jul 13Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Jun 28Why Golden Ocean Group Limited (NASDAQ:GOGL) Could Be Worth WatchingGolden Ocean Group Limited ( NASDAQ:GOGL ), is not the largest company out there, but it saw significant share price...Price Target Changed • Jun 26Price target increased by 19% to US$12.80Up from US$10.80, the current price target is an average from 4 analysts. New target price is 69% above last closing price of US$7.58. Stock is down 38% over the past year. The company is forecast to post earnings per share of US$0.85 for next year compared to US$2.30 last year.분석 기사 • May 23Golden Ocean Group Limited (NASDAQ:GOGL) Shares Could Be 34% Below Their Intrinsic Value EstimateKey Insights Golden Ocean Group's estimated fair value is US$12.21 based on Dividend Discount Model Golden Ocean...Major Estimate Revision • May 17Consensus EPS estimates fall by 35%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$1.08 to US$0.70 per share. Revenue forecast steady at US$721.8m. Net income forecast to shrink 52% next year vs 38% decline forecast for Shipping industry in the US. Consensus price target broadly unchanged at US$10.93. Share price fell 2.4% to US$8.49 over the past week.공시 • May 17Golden 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.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: GOGL 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: GOGL 의 배당금 지급이 증가했지만 회사는 7 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장Golden Ocean Group 배당 수익률 vs 시장GOGL의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (GOGL)13.2%시장 하위 25% (US)1.4%시장 상위 25% (US)4.2%업계 평균 (Shipping)2.6%분석가 예측 (GOGL) (최대 3년)7.9%주목할만한 배당금: GOGL 의 배당금( 13.16% )은 US 시장에서 배당금 지급자의 하위 25%( 1.41% )보다 높습니다.고배당: GOGL 의 배당금( 13.16% )은 US 시장( 4.24% )주주 대상 이익 배당수익 보장: 지급 비율 ( 140.6% )이 높기 때문에 GOGL 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 121.3% )이 높기 때문에 GOGL 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YUS 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/08/19 11:53종가2025/08/19 00:00수익2025/03/31연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Golden Ocean Group Limited는 10명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal CollierMarius FurulyCarnegie Investment Bank ABHans Rettedal ChristiansenDanske Bank7명의 분석가 더 보기
Declared Dividend • May 29First quarter dividend reduced to US$0.05Dividend of US$0.05 is 83% lower than last year. Ex-date: 5th June 2025 Payment date: 17th June 2025 Dividend yield will be 11%, which is higher than the industry average of 8.4%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio) nor is it covered by cash flows (121% 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 56% to bring the payout ratio under control. EPS is expected to grow by 107% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • 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.
Declared Dividend • Feb 28Fourth quarter dividend reduced to US$0.15Dividend of US$0.15 is 50% lower than last year. Ex-date: 11th March 2025 Payment date: 21st March 2025 Dividend yield will be 11%, which is higher than the industry average of 8.4%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (79% 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 4.5% to bring the payout ratio under control. However, EPS is expected to decline by 13% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • 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.
공시 • 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.
Declared Dividend • Aug 30Second 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 8.1%, which is about the same as the industry average. 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.
공시 • 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
공시 • Aug 21Golden Ocean Group Limited(NasdaqGS:GOGL) dropped from NASDAQ Composite IndexGolden Ocean Group Limited has been dropped from the Nasdaq Composite Index.
공시 • 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 .
Seeking Alpha • Jul 16Golden Ocean: Strategic Merger, Strong Dividends, And Attractive ValuationSummary Golden Ocean’s merger with CMB.TECH blends a modern dry bulk fleet with cutting-edge green propulsion, creating a global maritime leader aligned with long-term decarbonization goals. It trades at attractive valuation levels, with a P/E FWD of 12.2x and P/B under 1x—well below industry averages—offering a compelling entry point. The company maintains strong profitability, with a 38% EBITDA margin and 9.5% dividend yield, supported by disciplined capital allocation and solid free cash flow. An implied 8–9% upside exists through the merger exchange ratio, creating a short-term arbitrage opportunity ahead of expected completion in Q3 2025. Read the full article on Seeking Alpha
Declared Dividend • May 29First quarter dividend reduced to US$0.05Dividend of US$0.05 is 83% lower than last year. Ex-date: 5th June 2025 Payment date: 17th June 2025 Dividend yield will be 11%, which is higher than the industry average of 8.4%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio) nor is it covered by cash flows (121% 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 56% to bring the payout ratio under control. EPS is expected to grow by 107% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • May 22First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.22 loss per share (down from US$0.33 profit in 1Q 2024). Revenue: US$141.9m (down 43% from 1Q 2024). Net loss: US$44.1m (down 168% from profit in 1Q 2024). Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in the US. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
공시 • 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.
Price Target Changed • May 20Price target decreased by 23% to US$9.00Down from US$11.62, the current price target is an average from 2 analysts. New target price is 16% above last closing price of US$7.79. The company is forecast to post earnings per share of US$0.55 for next year compared to US$1.12 last year.
Major Estimate Revision • Apr 24Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$652.5m to US$642.4m. EPS estimate also fell from US$0.644 per share to US$0.574 per share. Net income forecast to shrink 56% next year vs 41% decline forecast for Shipping industry in the US. Consensus price target down from US$11.62 to US$10.86. Share price rose 6.8% to US$7.65 over the past week.
공시 • 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.
분석 기사 • Apr 18What Is Golden Ocean Group Limited's (NASDAQ:GOGL) Share Price Doing?Golden Ocean Group Limited ( NASDAQ:GOGL ), is not the largest company out there, but it saw a decent share price...
Seeking Alpha • Apr 16Golden Ocean: Strong Buy TodaySummary Golden Ocean's share price has dropped significantly, making it an attractive entry point, especially with potential takeover interest from Cmb.Tech. Golden Ocean is a well-managed, shareholder-friendly company with a healthy dividend yield a strong balance sheet, trading at a low P/E ratio. Cmb.Tech's recent and substantial investments in Golden Ocean suggest a likely buy-out, offering significant upside potential from the current share price. Despite risks associated with the volatile dry-bulk market, Golden Ocean's current valuation and takeover prospects make it a strong buy. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$6.48, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 3x in the Shipping industry in the US. Total loss to shareholders of 27% over the past three years.
Board Change • Apr 02Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director James O'Shaughnessy is the most experienced director on the board, commencing their role in 2018. Independent Director Tonesan Amissah was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
공시 • 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).
분석 기사 • Mar 27Golden Ocean Group's (NASDAQ:GOGL) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for Golden Ocean Group Limited's ( NASDAQ:GOGL ) stock hasn't moved...
공시 • 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.
분석 기사 • Mar 20We Think Golden Ocean Group (NASDAQ:GOGL) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$8.23, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 4x in the Shipping industry in the US. Negligible returns to shareholders over past three years.
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$698.4m to US$659.2m. EPS estimate also fell from US$0.83 per share to US$0.63 per share. Net income forecast to shrink 47% next year vs 19% decline forecast for Shipping industry in the US. Consensus price target of US$11.62 unchanged from last update. Share price fell 9.6% to US$8.77 over the past week.
Declared Dividend • Feb 28Fourth quarter dividend reduced to US$0.15Dividend of US$0.15 is 50% lower than last year. Ex-date: 11th March 2025 Payment date: 21st March 2025 Dividend yield will be 11%, which is higher than the industry average of 8.4%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (79% 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 4.5% to bring the payout ratio under control. However, EPS is expected to decline by 13% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • 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.
Reported Earnings • Feb 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$1.12 (up from US$0.56 in FY 2023). Revenue: US$968.4m (up 9.3% from FY 2023). Net income: US$223.2m (up 99% from FY 2023). Profit margin: 23% (up from 13% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is expected to fall by 11% p.a. on average during the next 2 years compared to a 2.2% decline forecast for the Shipping industry in the US. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Price Target Changed • Feb 19Price target decreased by 12% to US$11.60Down from US$13.17, the current price target is an average from 4 analysts. New target price is 23% above last closing price of US$9.41. Stock is down 16% over the past year. The company is forecast to post earnings per share of US$1.13 for next year compared to US$0.56 last year.
공시 • 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.
분석 기사 • Jan 30Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Right But Growth Is LackingWith a price-to-earnings (or "P/E") ratio of 7.6x Golden Ocean Group Limited ( NASDAQ:GOGL ) may be sending very...
Seeking Alpha • Jan 22Golden Ocean: A Top-Tier Dry Bulk Operator Focused On The Capesize MarketSummary Golden Ocean owns 91 dry bulk vessels with a combined capacity of 13.8 million deadweight tons, one of the industry's largest fleets and second only to Star Bulk. With an average age of 7.7 years, Golden Ocean has one of the youngest fleets in the industry, only behind Himalaya Shipping and its fleet of brand-new Newcastlemax carriers. Given Golden Ocean's size, general and administrative expenses represented only 6.1% of TCE revenues in the first nine months of 2024, which is among the lowest among industry peers. The Capesize order book is at one of the lowest levels in decades, while ton-mile demand continues to be supported by strong exports from Guinea and Brazil. Read the full article on Seeking Alpha
공시 • Jan 03Golden Ocean Group Limited, Annual General Meeting, May 09, 2025Golden Ocean Group Limited, Annual General Meeting, May 09, 2025.
분석 기사 • Jan 03Is There Now An Opportunity In Golden Ocean Group Limited (NASDAQ:GOGL)?While Golden Ocean Group Limited ( NASDAQ:GOGL ) might not have the largest market cap around , it saw significant...
공시 • 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
분석 기사 • Dec 16Is Golden Ocean Group (NASDAQ:GOGL) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Major Estimate Revision • Dec 04Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$791.3m to US$778.7m. EPS estimate also fell from US$1.34 per share to US$1.17 per share. Net income forecast to grow 0.4% next year vs 0.4% growth forecast for Shipping industry in the US. Consensus price target down from US$14.98 to US$13.79. Share price fell 2.8% to US$9.81 over the past week.
Seeking Alpha • Nov 29Golden Ocean Group: The Drop In Stock Price May Offer An OpportunitySummary Golden Ocean Group delivered a pretty good Q3 financial results, despite a sluggish freight market for the Panamax vessels. Uncertainties around imminent U.S. tariffs on import will change some trading patterns, potentially adding tons/miles. However, return to usage of the Suez Canal will reduce the tons/miles. Despite uncertainties, latest reduction in GOGL share price may offer a buying opportunity. Golden Ocean's fundamentals, such as P/E and debt/equity look attractive. Read the full article on Seeking Alpha
Price Target Changed • Nov 29Price target decreased by 12% to US$13.79Down from US$15.73, the current price target is an average from 4 analysts. New target price is 37% above last closing price of US$10.09. Stock is up 4.1% over the past year. The company is forecast to post earnings per share of US$1.17 for next year compared to US$0.56 last year.
Reported Earnings • Nov 27Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.28 (up from US$0.14 in 3Q 2023). Revenue: US$264.8m (up 20% from 3Q 2023). Net income: US$56.3m (up 96% from 3Q 2023). Profit margin: 21% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • 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.
Price Target Changed • Nov 21Price target decreased by 7.7% to US$15.01Down from US$16.26, the current price target is an average from 4 analysts. New target price is 34% above last closing price of US$11.19. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$1.34 for next year compared to US$0.56 last year.
분석 기사 • Nov 19There's Been No Shortage Of Growth Recently For Golden Ocean Group's (NASDAQ:GOGL) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Seeking Alpha • Nov 02Golden Ocean Is Picking Up A TailwindSummary Shipping is an essential tool to serve the growing demand for dry bulk commodities: supply chains must be maintained, amid ongoing conflicts and longer routes. Increased distances and instability risks result in higher shipping costs. Shipping companies with bigger deadweight (dwt) capacity have a competitive edge in that segment. Golden Ocean is strategically well-positioned in the business of higher dwt vessels, where competition is low: a further penetration in this segment could boost its growth and dividends. The current price doesn’t reflect its strengths. My buy-target is in the $13.6-$15.8 range. I used a DDM model to represent potential of the company to distribute interesting dividends in the future. Read the full article on Seeking Alpha
분석 기사 • Oct 17Golden Ocean Group Limited (NASDAQ:GOGL) Might Not Be As Mispriced As It LooksWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...
Seeking Alpha • Oct 15Golden Ocean Group: Top Spec Fleet And Attractive Shareholder ReturnsSummary Golden Ocean net and operating results remained stable QoQ due to revenue and expense changes offsetting each other. GOGL's balance sheet is in shape. The company reported $99 million cash, $994 long-term debt, and 73% Total Debt to Equity. Market tailwinds, such as robust tonne-mile demand and constrained vessel supply, further support the investment thesis. GOGL's strong financials, attractive fleet, and appealing dividends make it a compelling investment. I change GOGL's rating to a Strong Buy. Read the full article on Seeking Alpha
Seeking Alpha • Oct 04Golden Ocean Has Found A Way To Navigate The Cyclical Bulk Carrier BusinessSummary GOGL has improved returns since 2014 by focusing on efficiency, cost-effectiveness, and flexibility in fleet management and market positioning. Despite a volatile bottom line due to fluctuating charter rates and asset write-downs, GOGL has delivered record profitability in recent years. Its financial position is average. A Monte Carlo simulation shows that there is a 2.6 to 1 odds that the intrinsic value is greater than the market price. This is a good "margin of safety." Read the full article on Seeking Alpha
분석 기사 • Sep 19When Should You Buy Golden Ocean Group Limited (NASDAQ:GOGL)?Golden Ocean Group Limited ( NASDAQ:GOGL ), might not be a large cap stock, but it received a lot of attention from a...
새로운 내러티브 • Sep 10Expanding Fleet And Calculated Innovations Propel Growth In Dry Bulk Shipping Strategic fleet renewal and expansion, emphasizing larger, efficient vessels, positions Golden Ocean for revenue growth in favorable dry bulk segments.
Declared Dividend • Aug 30Second 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 8.1%, which is about the same as the industry average. 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: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. 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 2% per year, which means it is well ahead of earnings.
Major Estimate Revision • Aug 28Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$1.67 to US$1.40. Revenue forecast unchanged from US$815.7m at last update. Net income forecast to grow 54% next year vs 15% growth forecast for Shipping industry in the US. Consensus price target down from US$16.21 to US$15.23. Share price was steady at US$12.09 over the past week.
Seeking Alpha • Jul 22Golden Ocean Group Has Potential For Long-Term GrowthSummary Golden Ocean Group investors benefit from the firm's young fleet of large ships traversing rough seas delivering essential cargo. The share price is up 33% YTD, but watch for dips. Dry bulk carriers face challenges common in maritime shipping. We characterize Golden Ocean as being in ship-owning perhaps more than cargo shipping. Analysts forecast a fair value of $12.90-$14 per share, with potential for earnings growth and a target price range of $14.80-$17. Read the full article on Seeking Alpha
분석 기사 • Jul 12We Think Golden Ocean Group (NASDAQ:GOGL) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Jun 22Returns At Golden Ocean Group (NASDAQ:GOGL) Are On The Way UpFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Major Estimate Revision • May 31Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$1.51 to US$1.67. Revenue forecast steady at US$791.8m. Net income forecast to grow 59% next year vs 21% growth forecast for Shipping industry in the US. Consensus price target of US$15.69 unchanged from last update. Share price was steady at US$14.39 over the past week.
Declared Dividend • May 24First quarter dividend increased to US$0.30Dividend of US$0.30 is 200% higher than last year. Ex-date: 7th June 2024 Payment date: 17th June 2024 Dividend yield will be 5.5%, which is lower than the industry average of 8.4%. 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: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. 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 13% per year, which means it is well ahead of earnings.
분석 기사 • May 21Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With RevenuesGolden Ocean Group Limited's ( NASDAQ:GOGL ) price-to-sales (or "P/S") ratio of 3.5x may look like a poor investment...
분석 기사 • May 08At US$14.86, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?Golden Ocean Group Limited ( NASDAQ:GOGL ), might not be a large cap stock, but it led the NASDAQGS gainers with a...
Price Target Changed • Apr 29Price target increased by 9.1% to US$15.40Up from US$14.12, the current price target is an average from 5 analysts. New target price is 11% above last closing price of US$13.87. Stock is up 56% over the past year. The company is forecast to post earnings per share of US$1.77 for next year compared to US$0.56 last year.
Seeking Alpha • Apr 27Golden Ocean Group Stock: What A Strength - More To ComeSummary GOGL is the only public pure-play capesize provider on the market - in theory, this shipping niche should suffer less than others from the imminent influx of new supply. For the 11th consecutive quarter, GOGL announced a cash dividend of $0.30 per share for Q4 2023 - that was 50% more than last year for the same period. The company has succeeded in significantly reducing its debt - the process of debt reduction has been in full swing recently and has not stopped at the deterioration in profitability. GOGL stands out in the bulk carrier sector, specializing in Capesize vessels, boasting robust financials, and is currently undervalued amidst upward EPS revisions. I therefore reiterate my Buy rating on the stock. Read the full article on Seeking Alpha
분석 기사 • Apr 11Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Recent Insider Transactions • Mar 27Insider recently sold US$2.5m worth of stockOn the 21st of March, Peder Carl Simonsen sold around 201k shares on-market at roughly US$12.62 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.
Seeking Alpha • Mar 22Golden Ocean Group: Excellent Fleet, Strong Financials And Attractive YieldsSummary Golden Ocean Group owns 52 Capesize (19 Newcastlemax and 33 regular Capes) vessels with an average age of 8Y and 31 Panamax with an average age of 6Y. GOGL has $116 million in cash, $1,260 million in long-term debt, and $1,460 million in total debt. The capital structure is 76.5% total debt/equity and 44.9% total liabilities/total assets. The company announced a $0.30/share cash dividend for 4Q23. The TTM dividend yield is 4.68%. With rising TCE rates, I expect dividends to grow higher. GOGL offers a balance between price vs. value, leverage, and fleet specifications. My verdict is a buy rating. Read the full article on Seeking Alpha
Seeking Alpha • Mar 05Is The Good News Priced In For Golden Ocean's Share Price?Summary Golden Ocean Group Limited has published its last quarter and FY 2023 results, with adjusted net income and dividends showing improvement. The dividend yield on a TTM basis has not been very good, but the current share price suggests expectations for earnings and dividends to rise in 2024. The stock market participants may be too optimistic about the dry bulk market for 2024, leading to a downgrade in the bullish call from Buy to Hold. Read the full article on Seeking Alpha
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 American dividend payers (4.7%). Higher than average of industry peers (4.1%).
Reported Earnings • Mar 01Full year 2023 earnings: EPS exceeds analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in the US. 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 25% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Feb 29Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$721.7m to US$804.3m. EPS estimate increased from US$0.941 to US$1.56 per share. Net income forecast to grow 79% next year vs 17% growth forecast for Shipping industry in the US. Consensus price target up from US$11.96 to US$13.52. Share price rose 12% to US$12.87 over the past week.
Price Target Changed • Feb 28Price target increased by 8.2% to US$12.36Up from US$11.42, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$12.72. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$0.53 for next year compared to US$2.30 last year.
공시 • 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.
분석 기사 • Feb 22Golden Ocean Group's (NASDAQ:GOGL) Returns Have Hit A WallIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
분석 기사 • Feb 04Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With RevenuesWhen you see that almost half of the companies in the Shipping industry in the United States have price-to-sales ratios...
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.
공시 • 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.
분석 기사 • Jan 07Should You Think About Buying Golden Ocean Group Limited (NASDAQ:GOGL) Now?Golden Ocean Group Limited ( NASDAQ:GOGL ), is not the largest company out there, but it received a lot of attention...
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$9.01, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Shipping industry in the US. Total returns to shareholders of 221% over the past three years.
Upcoming Dividend • Nov 28Upcoming dividend of US$0.10 per share at 18% yieldEligible shareholders must have bought the stock before 05 December 2023. Payment date: 13 December 2023. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 18%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (9.9%).
Reported Earnings • Nov 24Third 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$221.7m (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 forecast to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. 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 27% per year, which means it is significantly lagging earnings growth.
공시 • 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.
분석 기사 • Nov 15Returns On Capital Are Showing Encouraging Signs At Golden Ocean Group (NASDAQ:GOGL)What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
분석 기사 • Oct 27Golden Ocean Group (NASDAQ:GOGL) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
분석 기사 • Oct 05At US$7.67, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?While Golden Ocean Group Limited ( NASDAQ:GOGL ) might not be the most widely known stock at the moment, it saw a...
Major Estimate Revision • Sep 13Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$616.0m to US$601.5m. EPS estimate also fell from US$0.45 per share to US$0.405 per share. Net income forecast to shrink 26% next year vs 31% decline forecast for Shipping industry in the US. Consensus price target down from US$9.75 to US$9.42. Share price was steady at US$7.44 over the past week.
공시 • 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: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 70%. Revenue is expected to fall by 1.7% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Shipping industry in the US. 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 24% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Aug 25Consensus EPS estimates fall by 47%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.774 to US$0.41 per share. Revenue forecast steady at US$616.7m. Net income forecast to shrink 57% next year vs 35% decline forecast for Shipping industry in the US. Consensus price target down from US$9.68 to US$9.38. Share price fell 7.0% to US$6.94 over the past week.
분석 기사 • Jul 28Golden Ocean Group (NASDAQ:GOGL) Might Have The Makings Of A Multi-BaggerTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Price Target Changed • Jul 23Price target decreased by 24% to US$9.68Down from US$12.80, the current price target is an average from 4 analysts. New target price is 35% above last closing price of US$7.18. Stock is down 34% over the past year. The company is forecast to post earnings per share of US$0.85 for next year compared to US$2.30 last year.
분석 기사 • Jul 13Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Jun 28Why Golden Ocean Group Limited (NASDAQ:GOGL) Could Be Worth WatchingGolden Ocean Group Limited ( NASDAQ:GOGL ), is not the largest company out there, but it saw significant share price...
Price Target Changed • Jun 26Price target increased by 19% to US$12.80Up from US$10.80, the current price target is an average from 4 analysts. New target price is 69% above last closing price of US$7.58. Stock is down 38% over the past year. The company is forecast to post earnings per share of US$0.85 for next year compared to US$2.30 last year.
분석 기사 • May 23Golden Ocean Group Limited (NASDAQ:GOGL) Shares Could Be 34% Below Their Intrinsic Value EstimateKey Insights Golden Ocean Group's estimated fair value is US$12.21 based on Dividend Discount Model Golden Ocean...
Major Estimate Revision • May 17Consensus EPS estimates fall by 35%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$1.08 to US$0.70 per share. Revenue forecast steady at US$721.8m. Net income forecast to shrink 52% next year vs 38% decline forecast for Shipping industry in the US. Consensus price target broadly unchanged at US$10.93. Share price fell 2.4% to US$8.49 over the past week.
공시 • May 17Golden 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.
