7.98 USD
-0.22 (-2.68%)
8 USD
+0.02 (+0.25%)
Overall GOGL gets a fundamental rating of 4 out of 10. We evaluated GOGL against 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- GOGL had positive earnings in the past year.
- GOGL had a positive operating cash flow in the past year.
- GOGL had positive earnings in 4 of the past 5 years.
- GOGL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of GOGL (3.35%) is better than 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 comparable to the rest of the 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 7.59%.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of GOGL (13.16%) is better than 63.89% of its industry peers.
- In the last couple of years the Profit Margin of GOGL has grown nicely.
- GOGL has a Operating Margin (21.92%) which is in line with 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 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GOGL is creating some value.
- The number of shares outstanding for GOGL remains at a similar level compared to 1 year ago.
- GOGL has more shares outstanding than it did 5 years ago.
- GOGL has a better debt/assets ratio than last year.
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's Altman-Z score of 1.13 is in line compared 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.
- A Debt/Equity ratio of 0.66 indicates that 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 8.36 | ||
| Altman-Z | 1.13 |
ROIC/WACC0.67
WACC7.3%
2.3 Liquidity
- A Current Ratio of 0.81 indicates that GOGL may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.81, GOGL is doing worse than 77.78% of the companies in the same industry.
- A Quick Ratio of 0.81 indicates that GOGL may have some problems paying its short term obligations.
- The Quick ratio of GOGL (0.81) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
- The earnings per share for GOGL have decreased strongly by -38.71% in the last year.
- Measured over the past years, GOGL shows a very strong growth in Earnings Per Share. The EPS has been growing by 30.14% on average per year.
- GOGL shows a decrease in Revenue. In the last year, the revenue decreased by -7.73%.
- 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
- The Earnings Per Share is expected to decrease by -6.41% on average over the next years.
- The Revenue is expected to decrease by -3.10% on average over the next years.
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- GOGL is valuated correctly with a Price/Earnings ratio of 14.00.
- Compared to the rest of the industry, the Price/Earnings ratio of GOGL is on the same level as its industry peers.
- GOGL is valuated rather cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- GOGL is valuated cheaply with a Price/Forward Earnings ratio of 7.61.
- Based on the Price/Forward Earnings ratio, GOGL is valued a bit cheaper than the industry average as 63.89% of the companies are valued more expensively.
- GOGL is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14 | ||
| Fwd PE | 7.61 |
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.
- 63.89% of the companies in the same industry are more expensive than GOGL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.22 | ||
| EV/EBITDA | 8.93 |
4.3 Compensation for Growth
- GOGL has a very decent profitability rating, which 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%
5. Dividend
5.1 Amount
- GOGL has a Yearly Dividend Yield of 10.03%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.57, 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 1.81.
| 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%!
- 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
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%
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.