GOLDEN OCEAN GROUP LTD (GOGL.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:GOGL - BMG396372051 - Common Stock
83.25 NOK
+0.95 (+1.15%)
Taking everything into account, GOGL scores 3 out of 10 in our fundamental rating. GOGL was compared to 17 industry peers in the Marine Transportation industry. GOGL has a medium profitability rating, but doesn't score so well on its financial health evaluation. GOGL is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year GOGL was profitable.
In the past year GOGL had a positive cash flow from operations.
Of the past 5 years GOGL 4 years were profitable.
In the past 5 years GOGL always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 3.35%, GOGL is not doing good in the industry: 84.21% of the companies in the same industry are doing better.
With a Return On Equity value of 6.23%, GOGL is not doing good in the industry: 84.21% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 4.80%, GOGL is doing worse than 68.42% of the companies in the same industry.
GOGL had an Average Return On Invested Capital over the past 3 years of 7.27%. This is in line with the industry average of 8.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 6.23% | ||
| ROIC | 4.8% |
ROA(3y)8%
ROA(5y)6.84%
ROE(3y)13.89%
ROE(5y)11.79%
ROIC(3y)7.27%
ROIC(5y)7.01%
1.3 Margins
With a Profit Margin value of 13.16%, GOGL perfoms like the industry average, outperforming 42.11% of the companies in the same industry.
In the last couple of years the Profit Margin of GOGL has grown nicely.
GOGL's Operating Margin of 21.92% is in line compared to the rest of the industry. GOGL outperforms 57.89% of its industry peers.
GOGL's Operating Margin has improved in the last couple of years.
The Gross Margin of GOGL (42.48%) is comparable to the rest of the industry.
GOGL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.92% | ||
| PM (TTM) | 13.16% | ||
| GM | 42.48% |
OM growth 3Y-10.52%
OM growth 5Y16.22%
PM growth 3Y-19.28%
PM growth 5Y34.33%
GM growth 3Y-6.9%
GM growth 5Y1.39%
2. Health
2.1 Basic Checks
GOGL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, GOGL has about the same amount of shares outstanding.
GOGL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, GOGL has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.15, we must say that GOGL is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.15, GOGL is doing worse than 68.42% of the companies in the same industry.
GOGL has a debt to FCF ratio of 8.36. This is a slightly negative value and a sign of low solvency as GOGL would need 8.36 years to pay back of all of its debts.
GOGL's Debt to FCF ratio of 8.36 is on the low side compared to the rest of the industry. GOGL is outperformed by 63.16% of its industry peers.
GOGL has a Debt/Equity ratio of 0.66. This is a neutral value indicating GOGL is somewhat dependend on debt financing.
GOGL has a Debt to Equity ratio of 0.66. This is comparable to the rest of the industry: GOGL outperforms 47.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 8.36 | ||
| Altman-Z | 1.15 |
ROIC/WACC0.56
WACC8.6%
2.3 Liquidity
GOGL has a Current Ratio of 0.81. This is a bad value and indicates that GOGL is not financially healthy enough and could expect problems in meeting its short term obligations.
GOGL's Current ratio of 0.81 is on the low side compared to the rest of the industry. GOGL is outperformed by 89.47% of its industry peers.
GOGL has a Quick Ratio of 0.81. This is a bad value and indicates that GOGL is not financially healthy enough and could expect problems in meeting its short term obligations.
GOGL has a worse Quick ratio (0.81) than 78.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
GOGL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.71%.
GOGL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 30.14% yearly.
GOGL shows a decrease in Revenue. In the last year, the revenue decreased by -7.73%.
The Revenue has been growing slightly by 6.53% on average over the past years.
EPS 1Y (TTM)-38.71%
EPS 3Y-23.79%
EPS 5Y30.14%
EPS Q2Q%-166.67%
Revenue 1Y (TTM)-7.73%
Revenue growth 3Y-6.98%
Revenue growth 5Y6.53%
Sales Q2Q%-27.85%
3.2 Future
The Earnings Per Share is expected to decrease by -6.41% on average over the next years.
GOGL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.10% yearly.
EPS Next Y-53.55%
EPS Next 2Y-3.27%
EPS Next 3Y-6.41%
EPS Next 5YN/A
Revenue Next Year-17.68%
Revenue Next 2Y-4.37%
Revenue Next 3Y-3.1%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.50 indicates a correct valuation of GOGL.
Based on the Price/Earnings ratio, GOGL is valued a bit more expensive than 78.95% of the companies in the same industry.
GOGL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.26, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 7.88, the valuation of GOGL can be described as very cheap.
GOGL's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.68. GOGL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.5 | ||
| Fwd PE | 7.88 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GOGL indicates a slightly more expensive valuation: GOGL is more expensive than 68.42% of the companies listed in the same industry.
GOGL's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.54 | ||
| EV/EBITDA | 9.11 |
4.3 Compensation for Growth
A cheap valuation may be justified as GOGL's earnings are expected to decrease with -6.41% in the coming years.
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y-3.27%
EPS Next 3Y-6.41%
5. Dividend
5.1 Amount
GOGL has a Yearly Dividend Yield of 10.03%, which is a nice return.
GOGL's Dividend Yield is a higher than the industry average which is at 8.87.
Compared to an average S&P500 Dividend Yield of 1.87, GOGL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.03% |
5.2 History
The dividend of GOGL is nicely growing with an annual growth rate of 29.94%!
Dividend Growth(5Y)29.94%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
GOGL pays out 184.66% of its income as dividend. This is not a sustainable payout ratio.
GOGL's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP184.66%
EPS Next 2Y-3.27%
EPS Next 3Y-6.41%
OSL:GOGL (8/19/2025, 7:00:00 PM)
83.25
+0.95 (+1.15%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners35.39%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap16.60B
Revenue(TTM)863.61M
Net Income(TTM)113.69M
Analysts76.36
Price Target85.39 (2.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.03% |
Yearly Dividend12.12
Dividend Growth(5Y)29.94%
DP184.66%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-31.88%
Min EPS beat(2)-36.86%
Max EPS beat(2)-26.9%
EPS beat(4)1
Avg EPS beat(4)-18.69%
Min EPS beat(4)-36.86%
Max EPS beat(4)2.68%
EPS beat(8)5
Avg EPS beat(8)14.66%
EPS beat(12)8
Avg EPS beat(12)15.76%
EPS beat(16)12
Avg EPS beat(16)18.49%
Revenue beat(2)2
Avg Revenue beat(2)15.93%
Min Revenue beat(2)15.19%
Max Revenue beat(2)16.68%
Revenue beat(4)3
Avg Revenue beat(4)8.72%
Min Revenue beat(4)-0.42%
Max Revenue beat(4)16.68%
Revenue beat(8)5
Avg Revenue beat(8)9.6%
Revenue beat(12)9
Avg Revenue beat(12)18.12%
Revenue beat(16)13
Avg Revenue beat(16)22.97%
PT rev (1m)-17.31%
PT rev (3m)-29.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-32.74%
EPS NY rev (1m)-0.97%
EPS NY rev (3m)-35.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.5 | ||
| Fwd PE | 7.88 | ||
| P/S | 1.91 | ||
| P/FCF | 9.54 | ||
| P/OCF | 6.69 | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 9.11 |
EPS(TTM)5.74
EY6.89%
EPS(NY)10.56
Fwd EY12.68%
FCF(TTM)8.72
FCFY10.48%
OCF(TTM)12.44
OCFY14.94%
SpS43.64
BVpS92.27
TBVpS92.27
PEG (NY)N/A
PEG (5Y)0.48
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 6.23% | ||
| ROCE | 6.23% | ||
| ROIC | 4.8% | ||
| ROICexc | 4.97% | ||
| ROICexgc | 4.97% | ||
| OM | 21.92% | ||
| PM (TTM) | 13.16% | ||
| GM | 42.48% | ||
| FCFM | 19.99% |
ROA(3y)8%
ROA(5y)6.84%
ROE(3y)13.89%
ROE(5y)11.79%
ROIC(3y)7.27%
ROIC(5y)7.01%
ROICexc(3y)7.59%
ROICexc(5y)7.38%
ROICexgc(3y)7.59%
ROICexgc(5y)7.38%
ROCE(3y)9.45%
ROCE(5y)9.1%
ROICexgc growth 3Y-16.84%
ROICexgc growth 5Y19.87%
ROICexc growth 3Y-16.84%
ROICexc growth 5Y19.87%
OM growth 3Y-10.52%
OM growth 5Y16.22%
PM growth 3Y-19.28%
PM growth 5Y34.33%
GM growth 3Y-6.9%
GM growth 5Y1.39%
F-Score5
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 8.36 | ||
| Debt/EBITDA | 3.69 | ||
| Cap/Depr | 53.12% | ||
| Cap/Sales | 8.52% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 75.11% | ||
| Profit Quality | 151.83% | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | 1.15 |
F-Score5
WACC8.6%
ROIC/WACC0.56
Cap/Depr(3y)156.98%
Cap/Depr(5y)170.68%
Cap/Sales(3y)23.29%
Cap/Sales(5y)22.2%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-38.71%
EPS 3Y-23.79%
EPS 5Y30.14%
EPS Q2Q%-166.67%
EPS Next Y-53.55%
EPS Next 2Y-3.27%
EPS Next 3Y-6.41%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.73%
Revenue growth 3Y-6.98%
Revenue growth 5Y6.53%
Sales Q2Q%-27.85%
Revenue Next Year-17.68%
Revenue Next 2Y-4.37%
Revenue Next 3Y-3.1%
Revenue Next 5YN/A
EBIT growth 1Y-26.42%
EBIT growth 3Y-16.77%
EBIT growth 5Y23.81%
EBIT Next Year-9.8%
EBIT Next 3Y7.29%
EBIT Next 5YN/A
FCF growth 1Y-32.86%
FCF growth 3Y31.74%
FCF growth 5Y18.21%
OCF growth 1Y-46.05%
OCF growth 3Y-13.29%
OCF growth 5Y18.19%
GOLDEN OCEAN GROUP LTD / GOGL.OL FAQ
What is the ChartMill fundamental rating of GOLDEN OCEAN GROUP LTD (GOGL.OL) stock?
ChartMill assigns a fundamental rating of 3 / 10 to GOGL.OL.
What is the valuation status of GOLDEN OCEAN GROUP LTD (GOGL.OL) stock?
ChartMill assigns a valuation rating of 3 / 10 to GOLDEN OCEAN GROUP LTD (GOGL.OL). This can be considered as Overvalued.
What is the profitability of GOGL stock?
GOLDEN OCEAN GROUP LTD (GOGL.OL) has a profitability rating of 4 / 10.
What is the financial health of GOLDEN OCEAN GROUP LTD (GOGL.OL) stock?
The financial health rating of GOLDEN OCEAN GROUP LTD (GOGL.OL) is 1 / 10.
Can you provide the expected EPS growth for GOGL stock?
The Earnings per Share (EPS) of GOLDEN OCEAN GROUP LTD (GOGL.OL) is expected to decline by -53.55% in the next year.