Golden Ocean Group (OB:GOGL) - Stock Price, News & Analysis

GOGL Stock Overview

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

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

Rewards

Trading at 64.9% below our estimate of its fair value

Earnings are forecast to grow 27.61% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 4.58% is not well covered by earnings or cash flows

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

Significant insider selling over the past 3 months

Golden Ocean Group Limited Competitors

Stolt-Nielsen

OB:SNI

kr26.0b

Wilh. Wilhelmsen Holding

OB:WWI

kr16.0b

Wallenius Wilhelmsen

OB:WAWI

kr41.5b

Höegh Autoliners

OB:HAUTO

kr18.5b

Price History & Performance

Summary of all time highs, changes and price drops for Golden Ocean Group
Historical stock prices
Current Share Price	US$145.85
52 Week High	US$147.20
52 Week Low	US$71.04
Beta	1.4
1 Month Change	7.56%
3 Month Change	33.93%
1 Year Change	44.55%
3 Year Change	115.12%
5 Year Change	208.09%
Change since IPO	-25.78%

Recent updates

Shareholder Returns

	GOGL	NO Shipping	NO Market
7D	0.6%	4.3%	-0.6%
1Y	44.5%	26.6%	2.8%

Return vs Industry: GOGL exceeded the Norwegian Shipping industry which returned 26.6% over the past year.

Return vs Market: GOGL exceeded the Norwegian Market which returned 2.8% over the past year.

Price Volatility

Is GOGL's price volatile compared to industry and market?
GOGL volatility
GOGL Average Weekly Movement	5.1%
Shipping Industry Average Movement	5.0%
Market Average Movement	5.1%
10% most volatile stocks in NO Market	10.5%
10% least volatile stocks in NO Market	2.9%

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

Volatility Over Time: GOGL's weekly volatility (5%) has been stable over the past year.

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?
GOGL fundamental statistics
Market cap	kr28.78b
Earnings (TTM)	kr1.24b
Revenue (TTM)	kr9.75b

23.3x

P/E Ratio

3.0x

P/S Ratio

Is GOGL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GOGL 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

Apr 30, 2024

Earnings per share (EPS)	0.56
Gross Margin	39.00%
Net Profit Margin	12.67%
Debt/Equity Ratio	71.3%

How did GOGL perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

107%

Payout Ratio

GOGL Stock Overview

Rewards

Risk Analysis

Golden Ocean Group Limited Competitors

OB:SNI

kr26.0b

OB:WWI

kr16.0b

OB:WAWI

kr41.5b

OB:HAUTO

kr18.5b

Price History & Performance

Recent News & Updates

Insider recently sold kr27m worth of stock

Upcoming dividend of US$0.30 per share

Fourth quarter dividend of US$0.10 announced

Full year 2023 earnings: EPS exceeds analyst expectations

Investor sentiment improves as stock rises 17%

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

Recent updates

Insider recently sold kr27m worth of stock

Upcoming dividend of US$0.30 per share

Fourth quarter dividend of US$0.10 announced

Full year 2023 earnings: EPS exceeds analyst expectations

Investor sentiment improves as stock rises 17%

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

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

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 22% 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: EPS and revenues exceed analyst expectations

Full year 2022 earnings: EPS and revenues exceed analyst expectations

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: EPS and revenues exceed analyst expectations

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: Revenues exceed analysts expectations while EPS lags behind

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

Upcoming dividend of US$0.50 per share

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

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 and revenues miss analyst expectations

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 improved over the past week

Upcoming dividend of US$0.85 per share

Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

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)

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)

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

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

Revenue and earnings miss expectations

New 90-day high: kr48.74

Golden Ocean Group Limited, Annual General Meeting, Sep 17, 2021

New 90-day high: kr45.00

New 90-day high: kr38.60

Third quarter 2020 earnings released: EPS US$0.27