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
|Historical stock prices|
|Current Share Price||US$15.53|
|52 Week High||US$16.40|
|52 Week Low||US$7.59|
|1 Month Change||33.19%|
|3 Month Change||28.24%|
|1 Year Change||61.60%|
|3 Year Change||218.89%|
|5 Year Change||174.87%|
|Change since IPO||-26.75%|
Recent News & Updates
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...
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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.
|GOGL||US Shipping||US Market|
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.
|GOGL Average Weekly Movement||9.3%|
|Shipping Industry Average Movement||9.5%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
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
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
|GOGL fundamental statistics|
Is GOGL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GOGL income statement (TTM)|
|Cost of Revenue||US$574.29m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 31, 2022
|Earnings per share (EPS)||3.14|
|Net Profit Margin||48.11%|
How did GOGL perform over the long term?See historical performance and comparison
23.2%Current Dividend Yield
Does GOGL pay a reliable dividends?See GOGL dividend history and benchmarks
|Golden Ocean Group dividend dates|
|Ex Dividend Date||May 31 2022|
|Dividend Pay Date||Jun 08 2022|
|Days until Ex dividend||4 days|
|Days until Dividend pay date||12 days|
Does GOGL pay a reliable dividends?See GOGL dividend history and benchmarks
Is Golden Ocean Group undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
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).
How is Golden Ocean Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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%).
How has Golden Ocean Group performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
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.
How is Golden Ocean Group's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
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).
What is Golden Ocean Group current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
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
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ulrik Andersen (42 yo)
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...
Experienced Management: GOGL's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: GOGL's board of directors are not considered experienced ( 2.4 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Golden Ocean Group Limited's employee growth, exchange listings and data sources
- 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
- Golden Ocean Group Limited
- Par-la-Ville Place
- 14 Par-la-Ville Road
- HM 08
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/25 00:00|
|End of Day Share Price||2022/05/25 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.