Golden Ocean Group Limited

OB:GOGL Stock Report

Market Cap: NOK 20.7b

Golden Ocean Group Past Earnings Performance

Past criteria checks 5/6

Golden Ocean Group has been growing earnings at an average annual rate of 27.3%, while the Shipping industry saw earnings growing at 51.4% annually. Revenues have been growing at an average rate of 8.5% per year. Golden Ocean Group's return on equity is 12.5%, and it has net margins of 23.9%.

Key information

27.3%

Earnings growth rate

27.0%

EPS growth rate

Shipping Industry Growth48.6%
Revenue growth rate8.5%
Return on equity12.5%
Net Margin23.9%
Next Earnings Update28 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Golden Ocean Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OB:GOGL Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 241,012242230
30 Jun 24973214220
31 Mar 24936186220
31 Dec 23886112190
30 Sep 23881123190
30 Jun 23942199190
31 Mar 231,045328190
31 Dec 221,113462200
30 Sep 221,239597200
30 Jun 221,345688200
31 Mar 221,307629190
31 Dec 211,201527180
30 Sep 21994349170
30 Jun 21792193160
31 Mar 2162847150
31 Dec 20611-138140
30 Sep 20683-122140
30 Jun 20716-124140
31 Mar 20719-116140
31 Dec 1970537140
30 Sep 1964220140
30 Jun 1961218140
31 Mar 1963860150
31 Dec 1865985150
30 Sep 1863388140
30 Jun 1857153140
31 Mar 1852832140
31 Dec 17464-2130
30 Sep 17399-23120
30 Jun 17342-50120
31 Mar 17297-77120
31 Dec 16258-128150
30 Sep 16228-203200
30 Jun 16223-217200
31 Mar 16217-212210
31 Dec 15190-221170
30 Sep 15149-146110
30 Jun 15103-11290
31 Mar 1574-7250
31 Dec 14761650

Quality Earnings: GOGL has high quality earnings.

Growing Profit Margin: GOGL's current net profit margins (23.9%) are higher than last year (14%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GOGL's earnings have grown significantly by 27.3% per year over the past 5 years.

Accelerating Growth: GOGL's earnings growth over the past year (96.5%) exceeds its 5-year average (27.3% per year).

Earnings vs Industry: GOGL earnings growth over the past year (96.5%) exceeded the Shipping industry 31.1%.

Return on Equity

High ROE: GOGL's Return on Equity (12.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 16:22
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Golden Ocean Group Limited is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Glenn LoddenABN AMRO Bank N.V.
Gregory LewisBTIG