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GOGL

Golden Ocean Group NasdaqGS:GOGL Stock Report

Last Price

US$15.53

Market Cap

US$3.1b

7D

5.5%

1Y

61.6%

Updated

25 May, 2022

Data

Company Financials +
GOGL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends3/6

GOGL Stock Overview

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide.

Golden Ocean Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Golden Ocean Group
Historical stock prices
Current Share PriceUS$15.53
52 Week HighUS$16.40
52 Week LowUS$7.59
Beta1.29
1 Month Change33.19%
3 Month Change28.24%
1 Year Change61.60%
3 Year Change218.89%
5 Year Change174.87%
Change since IPO-26.75%

Recent News & Updates

May 21
New Forecasts: Here's What Analysts Think The Future Holds For Golden Ocean Group Limited (NASDAQ:GOGL)

New Forecasts: Here's What Analysts Think The Future Holds For Golden Ocean Group Limited (NASDAQ:GOGL)

Celebrations may be in order for Golden Ocean Group Limited ( NASDAQ:GOGL ) shareholders, with the analysts delivering...

May 18

3 Best Shipping Stocks To Buy Amid The Global Shipping Crisis

China’s zero-tolerance approach to COVID-19 costs trillions of dollars in global goods trade, as shipping ports are backlogged, creating increased supply chain disruptions. China accounts for nearly 12% of global trade, and with $22 trillion of goods facing disruptions, imports to the United States could surge when the lockdown is lifted. Value stocks are beneficial if you can identify those with single-digit multiples and growth stocks with double-digit growth rates. Our three stock picks are the best of both worlds. The pandemic and global supply disruptions have hurt many companies. We’ll discuss why our stocks continue to thrive using quant metrics that showcase solid growth, profitability, momentum, and positive earnings revisions.

Shareholder Returns

GOGLUS ShippingUS Market
7D5.5%7.3%1.0%
1Y61.6%37.8%-15.1%

Return vs Industry: GOGL exceeded the US Shipping industry which returned 37.2% over the past year.

Return vs Market: GOGL exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is GOGL's price volatile compared to industry and market?
GOGL volatility
GOGL Average Weekly Movement9.3%
Shipping Industry Average Movement9.5%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: GOGL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: GOGL's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a37Ulrik Andersenhttps://www.goldenocean.bm

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers.

Golden Ocean Group Fundamentals Summary

How do Golden Ocean Group's earnings and revenue compare to its market cap?
GOGL fundamental statistics
Market CapUS$3.11b
Earnings (TTM)US$628.96m
Revenue (TTM)US$1.31b

4.9x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GOGL income statement (TTM)
RevenueUS$1.31b
Cost of RevenueUS$574.29m
Gross ProfitUS$732.95m
Other ExpensesUS$103.99m
EarningsUS$628.96m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 31, 2022

Earnings per share (EPS)3.14
Gross Margin56.07%
Net Profit Margin48.11%
Debt/Equity Ratio65.6%

How did GOGL perform over the long term?

See historical performance and comparison

Dividends

23.2%

Current Dividend Yield

88%

Payout Ratio

Does GOGL pay a reliable dividends?

See GOGL dividend history and benchmarks
When do you need to buy GOGL by to receive an upcoming dividend?
Golden Ocean Group dividend dates
Ex Dividend DateMay 31 2022
Dividend Pay DateJun 08 2022
Days until Ex dividend4 days
Days until Dividend pay date12 days

Does GOGL pay a reliable dividends?

See GOGL dividend history and benchmarks

Valuation

Is Golden Ocean Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GOGL ($15.53) is trading below our estimate of fair value ($34.47)

Significantly Below Fair Value: GOGL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GOGL is poor value based on its Price-To-Earnings Ratio (4.9x) compared to the US Shipping industry average (3.5x).

PE vs Market: GOGL is good value based on its Price-To-Earnings Ratio (4.9x) compared to the US market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: GOGL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GOGL is overvalued based on its Price-To-Book Ratio (1.7x) compared to the US Shipping industry average (1x).


Future Growth

How is Golden Ocean Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-21.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOGL's earnings are forecast to decline over the next 3 years (-21.1% per year).

Earnings vs Market: GOGL's earnings are forecast to decline over the next 3 years (-21.1% per year).

High Growth Earnings: GOGL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GOGL's revenue is expected to decline over the next 3 years (-11.6% per year).

High Growth Revenue: GOGL's revenue is forecast to decline over the next 3 years (-11.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GOGL's Return on Equity is forecast to be low in 3 years time (18.9%).


Past Performance

How has Golden Ocean Group performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


54.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GOGL has high quality earnings.

Growing Profit Margin: GOGL's current net profit margins (48.1%) are higher than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: GOGL has become profitable over the past 5 years, growing earnings by 54.4% per year.

Accelerating Growth: GOGL's earnings growth over the past year (1245.9%) exceeds its 5-year average (54.4% per year).

Earnings vs Industry: GOGL earnings growth over the past year (1245.9%) exceeded the Shipping industry 489.9%.


Return on Equity

High ROE: GOGL's Return on Equity (33.6%) is considered high.


Financial Health

How is Golden Ocean Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GOGL's short term assets ($298.6M) exceed its short term liabilities ($246.4M).

Long Term Liabilities: GOGL's short term assets ($298.6M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: GOGL's net debt to equity ratio (59.9%) is considered high.

Reducing Debt: GOGL's debt to equity ratio has reduced from 86.6% to 65.6% over the past 5 years.

Debt Coverage: GOGL's debt is well covered by operating cash flow (55.1%).

Interest Coverage: GOGL's interest payments on its debt are well covered by EBIT (50.2x coverage).


Balance Sheet


Dividend

What is Golden Ocean Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


23.18%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 26 2022Ex Dividend DateMay 31 2022Dividend Pay DateJun 08 20228 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: GOGL's dividend (23.18%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: GOGL's dividend (23.18%) is in the top 25% of dividend payers in the US market (4.06%)


Stability and Growth of Payments

Stable Dividend: GOGL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GOGL has only been paying a dividend for 7 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (87.6%), GOGL's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (212.3%), GOGL's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Ulrik Andersen (42 yo)

2.08yrs

Tenure

Mr. Ulrik Uhrenfeldt Andersen serves as Chief Executive Officer of Golden Ocean Management AS since April 14, 2020. He previously served as Chief Executive Officer at Avance Gas Holding Ltd since August 20...


Leadership Team

Experienced Management: GOGL's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: GOGL's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Golden Ocean Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Golden Ocean Group Limited
  • Ticker: GOGL
  • Exchange: NasdaqGS
  • Founded: NaN
  • Industry: Marine
  • Sector: Transportation
  • Implied Market Cap: US$3.113b
  • Shares outstanding: 200.44m
  • Website: https://www.goldenocean.bm

Number of Employees


Location

  • Golden Ocean Group Limited
  • Par-la-Ville Place
  • 14 Par-la-Ville Road
  • Hamilton
  • HM 08
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.