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 | -5.7% |
| Revenue growth rate | -7.4% |
| Future return on equity | 16.2% |
| Analyst coverage | Good |
| Last updated | 02 Dec 2024 |
Recent future growth updates
Recent 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 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 22Earnings and Revenue Growth Forecasts
| 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 |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOGL's forecast earnings growth (14.4% per year) is above the savings rate (2.6%).
Earnings vs Market: GOGL's earnings (14.4% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: GOGL's earnings are forecast to grow, but not significantly.
Revenue vs Market: GOGL's revenue is expected to decline over the next 3 years (-7.4% per year).
High Growth Revenue: GOGL'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: GOGL'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 | 2025/01/02 03:51 |
| End of Day Share Price | 2025/01/02 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 |
|---|---|
| null null | ABG Sundal Collier |
| Glenn Lodden | ABN AMRO Bank N.V. |
| Gregory Lewis | BTIG |