GOLDEN OCEAN GROUP LTD (GOGL) Stock Fundamental Analysis

NASDAQ:GOGL • BMG396372051

7.98 USD
-0.22 (-2.68%)
At close: Aug 19, 2025
8 USD
+0.02 (+0.25%)
After Hours: 8/19/2025, 8:00:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, GOGL scores 4 out of 10 in our fundamental rating. GOGL was compared to 35 industry peers in the Marine Transportation industry. There are concerns on the financial health of GOGL while its profitability can be described as average. GOGL is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year GOGL was profitable.
  • GOGL had a positive operating cash flow in the past year.
  • Of the past 5 years GOGL 4 years were profitable.
  • Each year in the past 5 years GOGL had a positive operating cash flow.
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 Return On Assets of 3.35%. This is in the better half of the industry: GOGL outperforms 61.11% of its industry peers.
  • GOGL's Return On Equity of 6.23% is fine compared to the rest of the industry. GOGL outperforms 63.89% of its industry peers.
  • GOGL has a Return On Invested Capital (4.92%) which is in line with its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GOGL is in line with the industry average of 7.67%.
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's Profit Margin of 13.16% is fine compared to the rest of the industry. GOGL outperforms 63.89% of its industry peers.
  • In the last couple of years the Profit Margin of GOGL has grown nicely.
  • With a Operating Margin value of 21.92%, GOGL perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of GOGL has grown nicely.
  • The Gross Margin of GOGL (42.48%) is comparable to the rest of the industry.
  • 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

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.
  • Compared to 1 year ago, GOGL has about the same amount of shares outstanding.
  • Compared to 5 years ago, GOGL has more shares outstanding
  • GOGL has a better debt/assets ratio than last year.
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

  • GOGL has an Altman-Z score of 1.13. This is a bad value and indicates that GOGL is not financially healthy and even has some risk of bankruptcy.
  • GOGL has a Altman-Z score of 1.13. This is comparable to the rest of the industry: GOGL outperforms 58.33% of its industry peers.
  • The Debt to FCF ratio of GOGL is 8.36, which is on the high side as it means it would take GOGL, 8.36 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.36, GOGL is in line with its industry, outperforming 58.33% of the companies in the same industry.
  • 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 worse Debt to Equity ratio (0.66) than 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.
  • A Quick Ratio of 0.81 indicates that GOGL may have some problems paying 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

More info and screens

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

2

3. Growth

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
  • The Revenue has decreased by -7.73% in the past year.
  • Measured over the past years, GOGL shows a small growth in Revenue. The Revenue has been growing by 6.53% on average per year.
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

  • GOGL is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.41% yearly.
  • Based on estimates for the next years, GOGL will show a decrease in Revenue. The Revenue will decrease by -3.10% on average per year.
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

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.00, GOGL is valued correctly.
  • GOGL's Price/Earnings ratio is in line with the industry average.
  • GOGL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.68, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 7.61 indicates a rather cheap valuation of GOGL.
  • Based on the Price/Forward Earnings ratio, GOGL is valued a bit cheaper than 63.89% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of GOGL to the average of the S&P500 Index (28.06), we can say 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

  • 61.11% of the companies in the same industry are cheaper than GOGL, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, GOGL is valued a bit cheaper than 63.89% of the companies in the same industry.
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.
  • 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)0.46
EPS Next 2Y-3.27%
EPS Next 3Y-6.41%

More info and screens

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 10.03%, GOGL is a good candidate for dividend investing.
  • GOGL's Dividend Yield is rather good when compared to the industry average which is at 6.73. GOGL pays more dividend than 91.67% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.84, GOGL pays a better dividend.
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 been paying a dividend for at least 10 years, so it has a reliable track record.
  • GOGL has decreased its dividend 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.
  • The Dividend Rate of GOGL has been growing, while earnings will be declining. 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

More info and screens

Find the best dividend stocksShow peers with best dividend

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-88.18%
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 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.