How does GOGL's PE Ratio compare to its peers?

GOGL is expensive based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (3.7x).

How does GOGL's PE Ratio compare vs other companies in the European Shipping Industry?

GOGL is expensive based on its Price-To-Earnings Ratio (10.4x) compared to the European Shipping industry average (7.6x).

What is GOGL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GOGL is expensive based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.4x).

What is the Fair Price of GOGL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

GOGL (NOK122.45) is trading below our estimate of [[fair value]] (NOK637.83)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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

GOGL Stock Overview

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

GOGL fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	3/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 80.8% below our estimate of its fair value

Earnings are forecast to grow 16.25% per year

Earnings have grown 31.8% per year over the past 5 years

Risk Analysis

Has a high level of debt

Dividend of 5.42% is not well covered by earnings

Golden Ocean Group Limited Competitors

Höegh Autoliners

OB:HAUTO

NOK 24.7b

Wilh. Wilhelmsen Holding

OB:WWI

NOK 17.7b

Stolt-Nielsen

OB:SNI

NOK 15.3b

Wallenius Wilhelmsen

OB:WAWI

NOK 46.8b

Price History & Performance

Summary of all time highs, changes and price drops for Golden Ocean Group
Historical stock prices
Current Share Price	US$122.45
52 Week High	US$167.00
52 Week Low	US$92.50
Beta	1.23
11 Month Change	2.17%
3 Month Change	-5.19%
1 Year Change	26.81%
33 Year Change	44.23%
5 Year Change	144.41%
Change since IPO	-37.68%

Recent updates

Shareholder Returns

	GOGL	NO Shipping	NO Market
7D	-5.9%	-3.1%	0.2%
1Y	26.8%	15.3%	2.5%

Return vs Industry: GOGL exceeded the Norwegian Shipping industry which returned 13.8% over the past year.

Return vs Market: GOGL exceeded the Norwegian Market which returned 3% over the past year.

Price Volatility

Is GOGL's price volatile compared to industry and market?
GOGL volatility
GOGL Average Weekly Movement	4.7%
Shipping Industry Average Movement	5.2%
Market Average Movement	5.1%
10% most volatile stocks in NO Market	10.7%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: GOGL has not had significant price volatility in the past 3 months compared to the Norwegian market.

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	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?
GOGL fundamental statistics
Market cap	NOK 24.78b
Earnings (TTM)	NOK 2.39b
Revenue (TTM)	NOK 10.87b

10.4x

P/E Ratio

2.3x

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$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 27, 2024

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

How did GOGL perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

93%

Payout Ratio

GOGL Stock Overview

Rewards

Risk Analysis

Golden Ocean Group Limited Competitors

OB:HAUTO

NOK 24.7b

OB:WWI

NOK 17.7b

OB:SNI

NOK 15.3b

OB:WAWI

NOK 46.8b

Price History & Performance

Recent News & Updates

Second quarter dividend of US$0.30 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter dividend of US$0.30 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Insider recently sold kr27m worth of stock

Upcoming dividend of US$0.30 per share

Recent updates

Second quarter dividend of US$0.30 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter dividend of US$0.30 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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