Golden Ocean Group (DB:KT31) - Stock Price, News & Analysis

KT31 Stock Overview

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide.

KT31 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	2/6
Financial Health	3/6
Dividends	1/6

Rewards

Trading at 64.1% below our estimate of its fair value

Earnings are forecast to grow 29.53% per year

Risk Analysis

Dividend of 4.04% is not well covered by earnings or cash flows

Interest payments are not well covered by earnings

Profit margins (12.7%) are lower than last year (41.5%)

Significant insider selling over the past 3 months

+ 1 more risk

Golden Ocean Group Limited Competitors

Hapag-Lloyd

XTRA:HLAG

€25.3b

Wilson

DB:PM1

€258.8m

SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft

HMSE:NEP

€115.9m

Sixt

XTRA:SIX2

€3.3b

Price History & Performance

Summary of all time highs, changes and price drops for Golden Ocean Group
Historical stock prices
Current Share Price	US$13.26
52 Week High	US$13.64
52 Week Low	US$6.35
Beta	1.4
1 Month Change	16.37%
3 Month Change	36.23%
1 Year Change	63.72%
3 Year Change	79.12%
5 Year Change	193.12%
Change since IPO	-85.23%

Recent updates

Shareholder Returns

	KT31	DE Shipping	DE Market
7D	5.2%	-4.3%	1.8%
1Y	63.7%	-9.7%	4.2%

Return vs Industry: KT31 exceeded the German Shipping industry which returned -9.7% over the past year.

Return vs Market: KT31 exceeded the German Market which returned 4.2% over the past year.

Price Volatility

Is KT31's price volatile compared to industry and market?
KT31 volatility
KT31 Average Weekly Movement	10.0%
Shipping Industry Average Movement	5.8%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	10.4%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: KT31's share price has been volatile over the past 3 months.

Volatility Over Time: KT31's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
n/a	38	Lars-Christian Svensen	www.goldenocean.bm

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. The company’s dry bulk vessels comprise Newcastlemax, Capesize, and Panamax vessels operating in the spot and time charter markets. It also transports a range of bulk commodities, including ores, coal, grains, and fertilizers.

Golden Ocean Group Limited Fundamentals Summary

How do Golden Ocean Group's earnings and revenue compare to its market cap?
KT31 fundamental statistics
Market cap	€2.76b
Earnings (TTM)	€104.42m
Revenue (TTM)	€823.85m

26.4x

P/E Ratio

3.4x

P/S Ratio

Is KT31 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KT31 income statement (TTM)
Revenue	US$885.77m
Cost of Revenue	US$540.34m
Gross Profit	US$345.43m
Other Expenses	US$233.16m
Earnings	US$112.27m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 31, 2024

Earnings per share (EPS)	0.56
Gross Margin	39.00%
Net Profit Margin	12.67%
Debt/Equity Ratio	59.2%

How did KT31 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

107%

Payout Ratio

KT31 Stock Overview

Rewards

Risk Analysis

Golden Ocean Group Limited Competitors

XTRA:HLAG

€25.3b

DB:PM1

€258.8m

HMSE:NEP

€115.9m

XTRA:SIX2

€3.3b

Price History & Performance

Recent News & Updates

New major risk - Share price stability

Insider recently sold €2.3m worth of stock

Upcoming dividend of US$0.30 per share

Fourth quarter dividend of US$0.30 announced

Full year 2023 earnings released: EPS: US$0.56 (vs US$2.30 in FY 2022)

Investor sentiment improves as stock rises 21%

Recent updates

New major risk - Share price stability

Insider recently sold €2.3m worth of stock

Upcoming dividend of US$0.30 per share

Fourth quarter dividend of US$0.30 announced

Full year 2023 earnings released: EPS: US$0.56 (vs US$2.30 in FY 2022)

Investor sentiment improves as stock rises 21%

Golden Ocean Group Limited Announces Dividend for the Fourth Quarter of 2023, Payable on or About 25 March, 2024

Less than half of directors are independent

Golden Ocean Group Ltd. Announces the Appointment of Cato Stonex as Director

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.52 in 3Q 2022)

Golden Ocean Group Limited Announces Cash Dividend for the Third Quarter of 2023, Payable on or About December 13, 2023

Golden Ocean Group Limited Announces Cash Dividend for the Second Quarter of 2023, Payable on or About September 19, 2023

Second quarter 2023 earnings released: EPS: US$0.17 (vs US$0.82 in 2Q 2022)

Now 24% undervalued after recent price drop

Now 24% undervalued after recent price drop

Golden Ocean Group Limited Announces Impairment Charges for the First Quarter of 2023

First quarter 2023 earnings released: US$0.04 loss per share (vs US$0.63 profit in 1Q 2022)

Golden Ocean Group Limited Announces Cash Dividend for the First Quarter of 2023, Payable on or About June 6, 2023

Full year 2022 earnings released: EPS: US$2.30 (vs US$2.74 in FY 2021)

Full year 2022 earnings released: EPS: US$2.30 (vs US$2.74 in FY 2021)

Golden Ocean Group Limited Announces Dividend for the Fourth Quarter of 2022, Payable on or About 9 March, 2023

Golden Ocean Group Limited to Report First Half, 2023 Results on Aug 31, 2023

Third quarter 2022 earnings released: EPS: US$0.52 (vs US$0.97 in 3Q 2021)

Less than half of directors are independent

Golden Ocean Group Limited Announces Cash Dividend for the Third Quarter Ended September 30, 2022, Payable on or About December 5, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Golden Ocean Group Limited (NasdaqGS:GOGL) announces an Equity Buyback for 10,000,000 shares, for $100 million.

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.60 per share

Second quarter 2022 earnings released: EPS: US$0.82 (vs US$0.52 in 2Q 2021)

Golden Ocean Group Limited Announces Cash Dividend for the Second Quarter of 2022, Payable on or About September 14, 2022

Golden Ocean Group Limited to Report Q2, 2022 Results on Aug 25, 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.50 per share

First quarter 2022 earnings released: EPS: US$0.63 (vs US$0.14 in 1Q 2021)

Golden Ocean Group Limited Announces Cash Dividend for the First Quarter of 2022, Payable on or About June 8, 2022

Golden Ocean Group Limited Announces Resignation of Tor Svelland as Director

Less than half of directors are independent

Investor sentiment improved over the past week

Golden Ocean Group Limited to Report Fiscal Year 2021 Results on Mar 23, 2022

Golden Ocean Group Ltd Announces the Appointment of Jens Martin Jensen as Director

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.90 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Golden Ocean Group Limited Announces Cash Dividend for the Fourth Quarter of 2021, Payable on or About March 10, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.85 per share

Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS US$0.52 (vs US$0.29 loss in 2Q 2020)

Investor sentiment improved over the past week

Inaugural dividend of US$0.25 per share

Golden Ocean Group Limited Reports Impairment Loss for the First Quarter Ended March 31, 2021

First quarter 2021 earnings released: EPS US$0.14 (vs US$1.12 loss in 1Q 2020)