GOGL Stock Overview
A shipping company, owns and operates a fleet of dry bulk vessels worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
My Notes
Capture your thoughts, links and company narrative
Community Narratives
Create a narrativeNarratives bring a range of perspectives from our community.
Golden Ocean Group Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$8.71 |
| 52 Week High | US$15.77 |
| 52 Week Low | US$8.52 |
| Beta | 1.2 |
| 1 Month Change | -21.81% |
| 3 Month Change | -33.41% |
| 1 Year Change | -10.57% |
| 3 Year Change | -1.80% |
| 5 Year Change | 49.40% |
| Change since IPO | -58.92% |
Recent News & Updates
Is Golden Ocean Group (NASDAQ:GOGL) A Risky Investment?
Dec 16
Golden Ocean Group: The Drop In Stock Price May Offer An Opportunity
Nov 29Recent updates
Is Golden Ocean Group (NASDAQ:GOGL) A Risky Investment?
Dec 16Golden Ocean Group: The Drop In Stock Price May Offer An Opportunity
Nov 29There's Been No Shortage Of Growth Recently For Golden Ocean Group's (NASDAQ:GOGL) Returns On Capital
Nov 19Golden Ocean Is Picking Up A Tailwind
Nov 02Golden Ocean Group Limited (NASDAQ:GOGL) Might Not Be As Mispriced As It Looks
Oct 17Golden Ocean Group: Top Spec Fleet And Attractive Shareholder Returns
Oct 15Golden Ocean Has Found A Way To Navigate The Cyclical Bulk Carrier Business
Oct 04When Should You Buy Golden Ocean Group Limited (NASDAQ:GOGL)?
Sep 19Golden Ocean Group Has Potential For Long-Term Growth
Jul 22We Think Golden Ocean Group (NASDAQ:GOGL) Is Taking Some Risk With Its Debt
Jul 12Returns At Golden Ocean Group (NASDAQ:GOGL) Are On The Way Up
Jun 22Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With Revenues
May 21At US$14.86, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?
May 08Golden Ocean Group Stock: What A Strength - More To Come
Apr 27Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?
Apr 11Golden Ocean Group: Excellent Fleet, Strong Financials And Attractive Yields
Mar 22Is The Good News Priced In For Golden Ocean's Share Price?
Mar 05Golden Ocean Group's (NASDAQ:GOGL) Returns Have Hit A Wall
Feb 22Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With Revenues
Feb 04Should You Think About Buying Golden Ocean Group Limited (NASDAQ:GOGL) Now?
Jan 07Returns On Capital Are Showing Encouraging Signs At Golden Ocean Group (NASDAQ:GOGL)
Nov 15Golden Ocean Group (NASDAQ:GOGL) Takes On Some Risk With Its Use Of Debt
Oct 27At US$7.67, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?
Oct 05Golden Ocean Group (NASDAQ:GOGL) Might Have The Makings Of A Multi-Bagger
Jul 28Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?
Jul 13Why Golden Ocean Group Limited (NASDAQ:GOGL) Could Be Worth Watching
Jun 28Golden Ocean Group Limited (NASDAQ:GOGL) Shares Could Be 34% Below Their Intrinsic Value Estimate
May 23These 4 Measures Indicate That Golden Ocean Group (NASDAQ:GOGL) Is Using Debt Extensively
Apr 06What Is Golden Ocean Group Limited's (NASDAQ:GOGL) Share Price Doing?
Mar 21Golden Ocean Group (NASDAQ:GOGL) Is Experiencing Growth In Returns On Capital
Feb 16These 4 Measures Indicate That Golden Ocean Group (NASDAQ:GOGL) Is Using Debt Reasonably Well
Jan 01Is There Now An Opportunity In Golden Ocean Group Limited (NASDAQ:GOGL)?
Dec 17We Like These Underlying Return On Capital Trends At Golden Ocean Group (NASDAQ:GOGL)
Nov 17Golden Ocean Should Remain Profitable Even With Decreased TCE Rates
Oct 17Golden Ocean Group - Buy The Pullback In This Leading Dry Bulk Shipper
Oct 06Is Golden Ocean Group (NASDAQ:GOGL) Using Too Much Debt?
Sep 22Golden Ocean Group: Eradicating COVID-19 From China Is About To Hurt
Sep 16Golden Ocean Group: Don't Fear This Pullback - It's Time To Be Brave And Buy More
Sep 09Is Golden Ocean Group Limited (NASDAQ:GOGL) Potentially Undervalued?
Sep 06Golden Ocean goes ex-dividend on Tuesday
Sep 02Shareholder Returns
| GOGL | US Shipping | US Market | |
|---|---|---|---|
| 7D | -3.0% | -4.8% | -2.7% |
| 1Y | -10.6% | 11.1% | 23.4% |
Return vs Industry: GOGL underperformed the US Shipping industry which returned 11.1% over the past year.
Return vs Market: GOGL underperformed the US Market which returned 23.4% over the past year.
Price Volatility
| GOGL volatility | |
|---|---|
| GOGL Average Weekly Movement | 4.9% |
| Shipping Industry Average Movement | 4.9% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: GOGL has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: GOGL's weekly volatility (5%) has been stable 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
| GOGL fundamental statistics | |
|---|---|
| Market cap | US$1.74b |
| Earnings (TTM) | US$241.68m |
| Revenue (TTM) | US$1.01b |
7.2x
P/E Ratio1.7x
P/S RatioIs GOGL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GOGL 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 GOGL perform over the long term?
See historical performance and comparisonDividends
13.8%
Current Dividend Yield98%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 21:50 |
| 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 |