Golden Ocean Group Future Growth

Future criteria checks 3/6

Golden Ocean Group's revenue is forecast to decline at 1.8% per annum while its annual earnings are expected to grow at 29.4% per year. EPS is expected to grow by 26.6% per annum. Return on equity is forecast to be 16% in 3 years.

Key information

29.4%

Earnings growth rate

26.6%

EPS growth rate

Shipping earnings growth	-42.9%
Revenue growth rate	-1.8%
Future return on equity	16.0%
Analyst coverage	Good
Last updated	25 Apr 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

LSE:0RII - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	842	320	399	416	4
12/31/2025	811	337	381	433	6
12/31/2024	798	261	313	413	6
12/31/2023	886	112	-211	266	N/A
9/30/2023	881	123	-196	295	N/A
6/30/2023	942	199	-66	346	N/A
3/31/2023	1,045	328	257	456	N/A
12/31/2022	1,113	462	442	503	N/A
9/30/2022	1,239	597	517	597	N/A
6/30/2022	1,345	688	643	699	N/A
3/31/2022	1,307	629	340	677	N/A
12/31/2021	1,201	527	115	560	N/A
9/30/2021	994	349	5	413	N/A
6/30/2021	792	193	-137	270	N/A
3/31/2021	628	47	34	152	N/A
12/31/2020	611	-138	115	141	N/A
9/30/2020	683	-122	106	153	N/A
6/30/2020	716	-124	82	141	N/A
3/31/2020	719	-116	69	129	N/A
12/31/2019	705	37	114	158	N/A
9/30/2019	642	20	111	135	N/A
6/30/2019	612	18	139	153	N/A
3/31/2019	638	60	176	183	N/A
12/31/2018	659	85	28	187	N/A
9/30/2018	633	88	21	182	N/A
6/30/2018	571	53	-45	145	N/A
3/31/2018	528	32	-81	118	N/A
12/31/2017	464	-2	-66	94	N/A
9/30/2017	399	-23	N/A	56	N/A
6/30/2017	342	-50	N/A	24	N/A
3/31/2017	297	-77	N/A	3	N/A
12/31/2016	258	-128	N/A	-23	N/A
9/30/2016	228	-203	N/A	-47	N/A
6/30/2016	223	-217	N/A	-40	N/A
3/31/2016	217	-212	N/A	-30	N/A
12/31/2015	190	-221	N/A	-15	N/A
9/30/2015	149	-146	N/A	-6	N/A
6/30/2015	103	-112	N/A	-2	N/A
3/31/2015	74	-72	N/A	4	N/A
12/31/2014	76	16	N/A	25	N/A
12/31/2013	38	4	N/A	12	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0RII's forecast earnings growth (29.4% per year) is above the savings rate (1.6%).

Earnings vs Market: 0RII's earnings (29.4% per year) are forecast to grow faster than the UK market (12.3% per year).

High Growth Earnings: 0RII's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0RII's revenue is expected to decline over the next 3 years (-1.8% per year).

High Growth Revenue: 0RII's revenue is forecast to decline over the next 3 years (-1.8% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 0RII's Return on Equity is forecast to be low in 3 years time (16%).

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Golden Ocean Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Recent updates

Insider recently sold kr27m 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)

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

Investor sentiment deteriorates as stock falls 37%

Now 39% undervalued after recent price drop

Less than half of directors are independent

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

Investor sentiment deteriorates as stock falls 30%

Investor sentiment deteriorates as stock falls 24%

Investor sentiment deteriorates as stock falls 25%

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

Investor sentiment improves as stock rises 17%

New minor risk - Share price stability

New minor risk - Earnings quality

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

Now 30% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 17%

Investor sentiment deteriorates as stock falls 16%

Now 25% undervalued after recent price drop

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 22% undervalued after recent price drop

Now 26% undervalued after recent price drop

Now 24% undervalued after recent price drop

Now 26% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 19%

Now 30% 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

Investor sentiment deteriorates as stock falls 17%

Investor sentiment deteriorates as stock falls 26%

Investor sentiment deteriorates as stock falls 23%

Investor sentiment deteriorates as stock falls 26%

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

Investor sentiment deteriorates as stock falls 33%

Investor sentiment deteriorates as stock falls 24%

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

Investor sentiment deteriorates as stock falls 19%

Investor sentiment deteriorated over the past week

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

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

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 deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated 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

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Now 55% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.50 per share

Now 56% undervalued after recent price drop

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

Investor sentiment deteriorated over the past week

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