Golden Ocean Group (BATS-CHIXE:GOGLO) - Stock Price, News & Analysis

GOGLO Stock Overview

A shipping company, owns and operates a fleet of dry bulk vessels worldwide.

GOGLO fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	4/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 78.3% below our estimate of its fair value

Earnings are forecast to grow 13.49% per year

Earnings grew by 7.7% over the past year

Analysts in good agreement that stock price will rise by 33.6%

Risk Analysis

Has a high level of debt

Dividend of 4.93% is not well covered by earnings

Golden Ocean Group Limited Competitors

Clarkson

LSE:CKN

UK£1.1b

Irish Continental Group

LSE:ICGC

UK£760.1m

International Distribution Services

LSE:IDS

UK£3.3b

Zigup

LSE:ZIG

UK£844.6m

Price History & Performance

Summary of all time highs, changes and price drops for Golden Ocean Group
Historical stock prices
Current Share Price	US$127.95
52 Week High	US$161.50
52 Week Low	US$80.03
Beta	1.2
11 Month Change	0.79%
3 Month Change	-10.18%
1 Year Change	58.04%
33 Year Change	31.64%
5 Year Change	141.42%
Change since IPO	-37.78%

Recent updates

Shareholder Returns

	GOGLO	GB Shipping	GB Market
7D	3.1%	1.8%	-0.6%
1Y	58.0%	-7.5%	5.8%

Return vs Industry: GOGLO exceeded the UK Shipping industry which returned -7.5% over the past year.

Return vs Market: GOGLO exceeded the UK Market which returned 5.4% over the past year.

Price Volatility

Is GOGLO's price volatile compared to industry and market?
GOGLO volatility
GOGLO Average Weekly Movement	6.1%
Shipping Industry Average Movement	5.3%
Market Average Movement	4.6%
10% most volatile stocks in GB Market	9.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: GOGLO has not had significant price volatility in the past 3 months.

Volatility Over Time: GOGLO's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	38	n/a	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?
GOGLO fundamental statistics
Market cap	NOK 25.55b
Earnings (TTM)	NOK 2.25b
Revenue (TTM)	NOK 10.20b

11.4x

P/E Ratio

2.5x

P/S Ratio

Is GOGLO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GOGLO income statement (TTM)
Revenue	US$972.69m
Cost of Revenue	US$509.51m
Gross Profit	US$463.18m
Other Expenses	US$249.10m
Earnings	US$214.08m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 29, 2024

Earnings per share (EPS)	1.07
Gross Margin	47.62%
Net Profit Margin	22.01%
Debt/Equity Ratio	57.5%

How did GOGLO perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

93%

Payout Ratio

GOGLO Stock Overview

Rewards

Risk Analysis

Golden Ocean Group Limited Competitors

LSE:CKN

UK£1.1b

LSE:ICGC

UK£760.1m

LSE:IDS

UK£3.3b

LSE:ZIG

UK£844.6m

Price History & Performance

Recent News & Updates

First quarter dividend of US$0.30 announced

First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.044 loss in 1Q 2023)

Insider recently sold kr27m worth of stock

Upcoming dividend of US$0.30 per share

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

Investor sentiment improves as stock rises 18%

Recent updates

First quarter dividend of US$0.30 announced

First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.044 loss in 1Q 2023)

Insider recently sold kr27m worth of stock

Upcoming dividend of US$0.30 per share

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

Investor sentiment improves as stock rises 18%

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

Upcoming dividend of US$0.10 per share at 18% yield

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

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

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

Now 23% 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)

Upcoming dividend of US$0.20 per share at 18% yield

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

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

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

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

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

Investor sentiment improved 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

Less than half of directors are independent

Investor sentiment improved over the past week

Upcoming dividend of US$0.50 per share

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

Less than half of directors are independent

Inaugural dividend of US$0.25 per share

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

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

Golden Ocean Group Limited has completed a Follow-on Equity Offering in the amount of NOK 143.649981 million.

Full year 2020 earnings released: US$0.96 loss per share (vs US$0.26 profit in FY 2019)

Golden Ocean Group Limited Announces Board Changes