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. GOGL has a medium profitability rating, but doesn't score so well on its financial health evaluation. GOGL is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
GOGL had positive earnings in the past year.
In the past year GOGL had a positive cash flow from operations.
Of the past 5 years GOGL 4 years were profitable.
GOGL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GOGL has a better Return On Assets (3.35%) 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 of 4.92%. This is comparable to the rest of the industry: GOGL outperforms 58.33% of its industry peers.
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 6.93%.
| 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
GOGL has a Profit Margin of 13.16%. This is in the better half of the industry: GOGL outperforms 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.
With a Gross Margin value of 42.48%, GOGL perfoms like the industry average, outperforming 47.22% of the companies in the same 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
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 has a Altman-Z score (1.13) which is in line with its industry peers.
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.
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.
The Debt to Equity ratio of GOGL (0.66) is worse than 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.
GOGL has a worse Current ratio (0.81) than 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 Quick ratio of 0.81. This is in the lower half of the industry: GOGL underperforms 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.
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.
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
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.
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
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 14.00 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 26.92.
With a Price/Forward Earnings ratio of 7.61, the valuation of GOGL can be described as very cheap.
63.89% of the companies in the same industry are more expensive than GOGL, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of GOGL to the average of the S&P500 Index (23.46), we can say GOGL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14 | ||
| Fwd PE | 7.61 |
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 61.11% of the companies listed 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.
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%
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 5.65. GOGL pays more dividend than 91.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.00, GOGL pays a better dividend.
| Industry Rank | Sector 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.
GOGL has decreased its dividend 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.
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%
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-98.99%
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.