7.98 USD
-0.22 (-2.68%)
8 USD
+0.02 (+0.25%)
We assign a fundamental rating of 4 out of 10 to GOGL. GOGL was compared to 35 industry peers in the Marine Transportation industry. While GOGL is still in line with the averages on profitability rating, there are concerns on its financial health. GOGL has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year GOGL was profitable.
GOGL had a positive operating cash flow in the past year.
GOGL had positive earnings in 4 of the past 5 years.
Each year in the past 5 years GOGL had a positive operating cash flow.
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 has a Return On Equity of 6.23%. This is in the better half of the industry: GOGL outperforms 63.89% of its industry peers.
The Return On Invested Capital of GOGL (4.92%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for GOGL is significantly below the industry average of 18.49%.
| 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.
GOGL's Profit Margin has improved in the last couple of years.
The Operating Margin of GOGL (21.92%) is comparable to the rest of the industry.
GOGL's Operating Margin has improved in the last couple of years.
GOGL has a Gross Margin (42.48%) which 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 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.
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.
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.
Looking at the Altman-Z score, with a value of 1.13, GOGL is in line with its industry, outperforming 58.33% 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 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.
Looking at the Debt to Equity ratio, with a value of 0.66, GOGL is doing worse than 63.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 8.36 | ||
| Altman-Z | 1.13 |
ROIC/WACC0.67
WACC7.3%
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.
With a Current ratio value of 0.81, GOGL is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
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.
Looking at the Quick ratio, with a value of 0.81, GOGL is doing worse than 75.00% of the companies in the same industry.
| 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%.
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.
Looking at the last year, GOGL shows a decrease in Revenue. The Revenue has decreased by -7.73% in the last year.
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
GOGL is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.41% yearly.
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.
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
A Price/Earnings ratio of 14.00 indicates a correct valuation of GOGL.
The rest of the industry has a similar Price/Earnings ratio as GOGL.
When comparing the Price/Earnings ratio of GOGL to the average of the S&P500 Index (25.47), we can say GOGL is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 7.61, the valuation of GOGL can be described as very cheap.
Based on the Price/Forward Earnings ratio, GOGL is valued a bit cheaper than 63.89% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.42, GOGL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14 | ||
| Fwd PE | 7.61 |
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.
GOGL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. GOGL is cheaper than 63.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.22 | ||
| EV/EBITDA | 8.93 |
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%
5. Dividend
5.1 Amount
GOGL has a Yearly Dividend Yield of 10.03%, which is a nice return.
GOGL's Dividend Yield is rather good when compared to the industry average which is at 7.61. GOGL pays more dividend than 91.67% of the companies in the same industry.
GOGL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| 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 been paying a dividend for at least 10 years, so it has 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
GOGL pays out 184.66% of its income as dividend. 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%
7.98
-0.22 (-2.68%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners35.39%
Inst Owner Change-98.98%
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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.03% |
Yearly Dividend1.2
Dividend Growth(5Y)29.94%
DP184.66%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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 Rank | Sector 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 Rank | Sector 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 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 | 1.13 |
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 ChartMill fundamental rating of GOLDEN OCEAN GROUP LTD (GOGL) stock?
ChartMill assigns a fundamental rating of 4 / 10 to GOGL.
What is the valuation status of GOLDEN OCEAN GROUP LTD (GOGL) stock?
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.
What is the financial health of GOLDEN OCEAN GROUP LTD (GOGL) stock?
The financial health rating of GOLDEN OCEAN GROUP LTD (GOGL) is 2 / 10.
Can you provide the expected EPS growth for GOGL stock?
The Earnings per Share (EPS) of GOLDEN OCEAN GROUP LTD (GOGL) is expected to decline by -53.55% in the next year.