Golden Ocean Group Future Growth

Future criteria checks 1/6

Golden Ocean Group's revenue is forecast to decline at 7.4% per annum while its annual earnings are expected to grow at 14.4% per year. EPS is expected to grow by 13.4% per annum. Return on equity is forecast to be 16.2% in 3 years.

Key information

14.4%

Earnings growth rate

13.4%

EPS growth rate

Shipping earnings growth	-22.7%
Revenue growth rate	-7.4%
Future return on equity	16.2%
Analyst coverage	Good
Last updated	02 Dec 2024

Recent future growth updates

No updates

Recent updates

No updates

Earnings and Revenue Growth Forecasts

OM:GOGLO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	820	332	425	448	5
12/31/2025	753	245	348	380	6
12/31/2024	779	235	389	391	5
9/30/2024	1,012	242	305	390	N/A
6/30/2024	973	214	174	337	N/A
3/31/2024	936	186	-60	306	N/A
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	N/A	145	N/A
3/31/2018	528	32	N/A	118	N/A
12/31/2017	464	-2	N/A	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: GOGLO's forecast earnings growth (14.4% per year) is above the savings rate (1.2%).

Earnings vs Market: GOGLO's earnings (14.4% per year) are forecast to grow slower than the Swedish market (14.7% per year).

High Growth Earnings: GOGLO's earnings are forecast to grow, but not significantly.

Revenue vs Market: GOGLO's revenue is expected to decline over the next 3 years (-7.4% per year).

High Growth Revenue: GOGLO's revenue is forecast to decline over the next 3 years (-7.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GOGLO's Return on Equity is forecast to be low in 3 years time (16.2%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 22:18
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.

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Industry and Sector Metrics

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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