Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. More Details
Adequate balance sheet with moderate growth potential.
Share Price & News
How has Golden Ocean Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
7 Day Return
1 Year Return
Return vs Industry: GOGL exceeded the US Shipping industry which returned 108.1% over the past year.
Return vs Market: GOGL exceeded the US Market which returned 52.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Golden Ocean Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StGolden Ocean Group Limited (NASDAQ:GOGL) Shares Could Be 49% Below Their Intrinsic Value Estimate
2 months ago | Simply Wall StNews Flash: Analysts Just Made A Sizeable Upgrade To Their Golden Ocean Group Limited (NASDAQ:GOGL) Forecasts
2 months ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of Golden Ocean Group Limited (NASDAQ:GOGL) Shares?
Is Golden Ocean Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GOGL ($8.84) is trading below our estimate of fair value ($27.46)
Significantly Below Fair Value: GOGL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GOGL is unprofitable, so we can't compare its PE Ratio to the US Shipping industry average.
PE vs Market: GOGL is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GOGL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GOGL's PB Ratio (0.9x) is in line with the US Shipping industry average.
How is Golden Ocean Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOGL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: GOGL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GOGL's is expected to become profitable in the next 3 years.
Revenue vs Market: GOGL's revenue (3.7% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: GOGL's revenue (3.7% per year) is forecast to grow slower than 20% 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 (12.5%).
How has Golden Ocean Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOGL is currently unprofitable.
Growing Profit Margin: GOGL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GOGL is unprofitable, but has reduced losses over the past 5 years at a rate of 28.1% per year.
Accelerating Growth: Unable to compare GOGL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GOGL is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (20.6%).
Return on Equity
High ROE: GOGL has a negative Return on Equity (-10.06%), as it is currently unprofitable.
How is Golden Ocean Group's financial position?
Financial Position Analysis
Short Term Liabilities: GOGL's short term assets ($284.5M) exceed its short term liabilities ($241.7M).
Long Term Liabilities: GOGL's short term assets ($284.5M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: GOGL's debt to equity ratio (78.4%) is considered high.
Reducing Debt: GOGL's debt to equity ratio has reduced from 80.3% to 78.4% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GOGL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GOGL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 57.1% per year.
What is Golden Ocean Group current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GOGL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GOGL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GOGL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GOGL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GOGL is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GOGL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ulrik Andersen (41 yo)
Mr. Ulrik Uhrenfeldt Andersen serves as Chief Executive Officer of Golden Ocean Group Limited since April 2020. He served as Chief Executive Officer at Avance Gas Holding Ltd since August 2019 until 2020. ...
Experienced Management: GOGL's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Experienced Board: GOGL's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 39.9%.
Golden Ocean Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Golden Ocean Group Limited
- Ticker: GOGL
- Exchange: NasdaqGS
- Founded: NaN
- Industry: Marine
- Sector: Transportation
- Market Cap: US$1.826b
- Shares outstanding: 200.39m
- Website: https://www.goldenocean.bm
Number of Employees
- Golden Ocean Group Limited
- Par-la-Ville Place
- 14 Par-la-Ville Road
- HM 08
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 vesse...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/06 23:36|
|End of Day Share Price||2021/05/06 00:00|
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.