GOLDEN OCEAN GROUP LTD (GOGL) Fundamental Analysis & Valuation

NASDAQ:GOGL • BMG396372051

Current stock price

7.98 USD
-0.22 (-2.68%)
At close:
8 USD
+0.02 (+0.25%)
After Hours:

This GOGL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. GOGL Profitability Analysis

1.1 Basic Checks

  • GOGL had positive earnings in the past year.
  • In the past year GOGL had a positive cash flow from operations.
  • GOGL had positive earnings in 4 of the past 5 years.
  • In the past 5 years GOGL always reported a positive cash flow from operatings.
GOGL Yearly Net Income VS EBIT VS OCF VS FCFGOGL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

  • GOGL has a better Return On Assets (3.35%) than 61.11% of its industry peers.
  • With a decent Return On Equity value of 6.23%, GOGL is doing good in the industry, outperforming 63.89% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.92%, GOGL is in line with its industry, outperforming 58.33% of the companies in the same industry.
  • GOGL had an Average Return On Invested Capital over the past 3 years of 7.46%. This is in line with the industry average of 6.81%.
Industry RankSector Rank
ROA 3.35%
ROE 6.23%
ROIC 4.92%
ROA(3y)8%
ROA(5y)6.84%
ROE(3y)13.89%
ROE(5y)11.79%
ROIC(3y)7.46%
ROIC(5y)7.19%
GOGL Yearly ROA, ROE, ROICGOGL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • GOGL has a better Profit Margin (13.16%) than 63.89% of its industry peers.
  • GOGL's Profit Margin has improved in the last couple of years.
  • GOGL has a Operating Margin of 21.92%. This is comparable to the rest of the industry: GOGL outperforms 58.33% of its industry peers.
  • In the last couple of years the Operating Margin of GOGL has grown nicely.
  • GOGL has a Gross Margin of 42.48%. This is comparable to the rest of the industry: GOGL outperforms 47.22% of its industry peers.
  • In the last couple of years the Gross Margin of GOGL has remained more or less at the same level.
Industry RankSector 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%
GOGL Yearly Profit, Operating, Gross MarginsGOGL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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2

2. GOGL Health Analysis

2.1 Basic Checks

  • GOGL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for GOGL remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for GOGL has been increased compared to 5 years ago.
  • The debt/assets ratio for GOGL has been reduced compared to a year ago.
GOGL Yearly Shares OutstandingGOGL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
GOGL Yearly Total Debt VS Total AssetsGOGL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 1.13, we must say that GOGL is in the distress zone and has some risk of bankruptcy.
  • GOGL has a Altman-Z score (1.13) which is comparable to the rest of the 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 has a Debt to FCF ratio of 8.36. This is comparable to the rest of the industry: GOGL outperforms 58.33% 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 in the lower half of the industry: GOGL underperforms 63.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 8.36
Altman-Z 1.13
ROIC/WACC0.67
WACC7.3%
GOGL Yearly LT Debt VS Equity VS FCFGOGL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.81 indicates that GOGL may have some problems paying 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 77.78% 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 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.81
GOGL Yearly Current Assets VS Current LiabilitesGOGL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. GOGL Growth Analysis

3.1 Past

  • The earnings per share for GOGL have decreased strongly by -38.71% in the last year.
  • The Earnings Per Share has been growing by 30.14% on average over the past years. This is a very strong growth
  • Looking at the last year, GOGL shows a decrease in Revenue. The Revenue has decreased by -7.73% in the last year.
  • GOGL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.53% yearly.
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

  • Based on estimates for the next years, GOGL will show a decrease in Earnings Per Share. The EPS will decrease by -6.41% on average per year.
  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GOGL Yearly Revenue VS EstimatesGOGL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
GOGL Yearly EPS VS EstimatesGOGL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2

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5

4. GOGL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.00, which indicates a correct valuation of GOGL.
  • The rest of the industry has a similar Price/Earnings ratio as GOGL.
  • GOGL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.23.
  • A Price/Forward Earnings ratio of 7.61 indicates a rather cheap valuation of GOGL.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of GOGL indicates a somewhat cheap valuation: GOGL is cheaper than 63.89% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.28, GOGL is valued rather cheaply.
Industry RankSector Rank
PE 14
Fwd PE 7.61
GOGL Price Earnings VS Forward Price EarningsGOGL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, GOGL is valued a bit more expensive than 61.11% of the companies in the same industry.
  • 63.89% of the companies in the same industry are more expensive than GOGL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.22
EV/EBITDA 8.93
GOGL Per share dataGOGL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The decent profitability rating of GOGL may justify a higher PE ratio.
  • GOGL's earnings are expected to decrease with -6.41% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.46
EPS Next 2Y-3.27%
EPS Next 3Y-6.41%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. GOGL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 10.03%, GOGL is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 8.33, GOGL pays a better dividend. On top of this GOGL pays more dividend than 91.67% of the companies listed in the same industry.
  • GOGL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 10.03%

5.2 History

  • On average, the dividend of GOGL grows each year by 29.94%, which is quite nice.
  • GOGL has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of GOGL decreased recently.
Dividend Growth(5Y)29.94%
Div Incr Years1
Div Non Decr Years1
GOGL Yearly Dividends per shareGOGL Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

  • 184.66% of the earnings are spent on dividend by GOGL. 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%
GOGL Yearly Income VS Free CF VS DividendGOGL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M
GOGL Dividend Payout.GOGL Dividend Payout, showing the Payout Ratio.GOGL Dividend Payout.PayoutRetained Earnings

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GOGL Fundamentals: All Metrics, Ratios and Statistics

GOLDEN OCEAN GROUP LTD

NASDAQ:GOGL (8/19/2025, 8:00:01 PM)

After market: 8 +0.02 (+0.25%)

7.98

-0.22 (-2.68%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)08-21
Earnings (Next)11-28
Inst Owners35.39%
Inst Owner Change-99.98%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap1.59B
Revenue(TTM)863.61M
Net Income(TTM)113.69M
Analysts76.36
Price Target8.44 (5.76%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 10.03%
Yearly Dividend1.2
Dividend Growth(5Y)29.94%
DP184.66%
Div Incr Years1
Div Non Decr Years1
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)0%
PT rev (3m)-26.75%
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 RankSector Rank
PE 14
Fwd PE 7.61
P/S 1.84
P/FCF 9.22
P/OCF 6.46
P/B 0.87
P/tB 0.87
EV/EBITDA 8.93
EPS(TTM)0.57
EY7.14%
EPS(NY)1.05
Fwd EY13.13%
FCF(TTM)0.87
FCFY10.85%
OCF(TTM)1.23
OCFY15.47%
SpS4.33
BVpS9.16
TBVpS9.16
PEG (NY)N/A
PEG (5Y)0.46
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 3.35%
ROE 6.23%
ROCE 6.23%
ROIC 4.92%
ROICexc 5.1%
ROICexgc 5.1%
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)7.46%
ROIC(5y)7.19%
ROICexc(3y)7.79%
ROICexc(5y)7.57%
ROICexgc(3y)7.79%
ROICexgc(5y)7.57%
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 RankSector 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 1.13
F-Score5
WACC7.3%
ROIC/WACC0.67
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 Fundamental Analysis FAQ

What is the fundamental rating for GOGL stock?

ChartMill assigns a fundamental rating of 4 / 10 to GOGL.


Can you provide the valuation status for GOLDEN OCEAN GROUP LTD?

ChartMill assigns a valuation rating of 5 / 10 to GOLDEN OCEAN GROUP LTD (GOGL). This can be considered as Fairly Valued.


What is the profitability of GOGL stock?

GOLDEN OCEAN GROUP LTD (GOGL) has a profitability rating of 6 / 10.


How financially healthy is GOLDEN OCEAN GROUP LTD?

The financial health rating of GOLDEN OCEAN GROUP LTD (GOGL) is 2 / 10.


What is the expected EPS growth for GOLDEN OCEAN GROUP LTD (GOGL) stock?

The Earnings per Share (EPS) of GOLDEN OCEAN GROUP LTD (GOGL) is expected to decline by -53.55% in the next year.