GOGLO Stock Overview

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

GOGLO fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	5/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 84.7% below our estimate of its fair value

Earnings are forecast to grow 14.44% per year

Earnings grew by 96.5% over the past year

Risk Analysis

Shares are highly illiquid

Has a high level of debt

Dividend of 13.78% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Golden Ocean Group Limited Competitors

Rederiaktiebolaget Gotland

OM:GOTL A

SEK 5.3b

Viking Supply Ships

OM:VSSAB B

SEK 1.2b

Star Bulk Carriers

NasdaqGS:SBLK

US$1.7b

Wisdom Marine Lines Limited (Cayman)

TWSE:2637

NT$47.3b

Price History & Performance

Summary of share price highs, lows and changes for Golden Ocean Group
Historical stock prices
Current Share Price	US$99.94
52 Week High	US$99.94
52 Week Low	US$99.94
Beta	1.2
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	147.99%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	GOGLO	SE Shipping	SE Market
7D	n/a	-3.0%	-2.7%
1Y	n/a	-13.6%	4.6%

Return vs Industry: Insufficient data to determine how GOGLO performed against the Swedish Shipping industry.

Return vs Market: Insufficient data to determine how GOGLO performed against the Swedish Market.

Price Volatility

Is GOGLO's price volatile compared to industry and market?
GOGLO volatility
GOGLO Average Weekly Movement	n/a
Shipping Industry Average Movement	5.1%
Market Average Movement	5.6%
10% most volatile stocks in SE Market	11.3%
10% least volatile stocks in SE Market	3.2%

Stable Share Price: GOGLO's share price has been volatile over the past 3 months compared to the Swedish market.

Volatility Over Time: Insufficient data to determine GOGLO's volatility change 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	SEK 19.21b
Earnings (TTM)	SEK 2.66b
Revenue (TTM)	SEK 11.16b

7.2x

P/E Ratio

1.7x

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$1.01b
Cost of Revenue	US$501.49m
Gross Profit	US$510.16m
Other Expenses	US$268.48m
Earnings	US$241.68m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 28, 2025

Earnings per share (EPS)	1.21
Gross Margin	50.43%
Net Profit Margin	23.89%
Debt/Equity Ratio	65.2%

How did GOGLO perform over the long term?

See historical performance and comparison

Dividends

13.8%

Current Dividend Yield

98%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 17:17
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Glenn Lodden	ABN AMRO Bank N.V.
Gregory Lewis	BTIG
Marius Furuly	Carnegie Investment Bank AB