GOLDEN OCEAN GROUP LTD (GOGL) Stock Fundamental Analysis
NASDAQ:GOGL - Nasdaq - BMG396372051 - Common Stock
Taking everything into account, GOGL scores 4 out of 10 in our fundamental rating. GOGL was compared to 29 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 decent growth rate and is not valued too expensively.
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.
GOGL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GOGL has a Return On Assets (7.01%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 12.54%, GOGL is in line with its industry, outperforming 57.14% of the companies in the same industry.
GOGL's Return On Invested Capital of 8.54% is fine compared to the rest of the industry. GOGL outperforms 71.43% of its industry peers.
GOGL had an Average Return On Invested Capital over the past 3 years of 9.18%. This is in line with the industry average of 8.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.01% | ||
| ROE | 12.54% | ||
| ROIC | 8.54% |
ROA(3y)10.89%
ROA(5y)5.77%
ROE(3y)19.09%
ROE(5y)9.93%
ROIC(3y)9.18%
ROIC(5y)6.3%
1.3 Margins
GOGL's Profit Margin of 23.89% is fine compared to the rest of the industry. GOGL outperforms 60.71% of its industry peers.
GOGL's Profit Margin has been stable in the last couple of years.
GOGL's Operating Margin of 34.12% is fine compared to the rest of the industry. GOGL outperforms 60.71% of its industry peers.
In the last couple of years the Operating Margin of GOGL has remained more or less at the same level.
Looking at the Gross Margin, with a value of 52.94%, GOGL is in line with its industry, outperforming 50.00% of the companies in the same industry.
GOGL's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.12% | ||
| PM (TTM) | 23.89% | ||
| GM | 52.94% |
OM growth 3Y57.95%
OM growth 5Y-0.58%
PM growth 3YN/A
PM growth 5Y-0.32%
GM growth 3Y6.19%
GM growth 5Y-3.46%
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.
GOGL has less shares outstanding than it did 1 year ago.
The number of shares outstanding for GOGL has been increased compared to 5 years ago.
GOGL has a worse debt/assets ratio than last year.
2.2 Solvency
GOGL has an Altman-Z score of 1.49. 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 (1.49) which is in line with its industry peers.
The Debt to FCF ratio of GOGL is 4.56, which is a neutral value as it means it would take GOGL, 4.56 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.56, GOGL is doing good in the industry, outperforming 64.29% of the companies in the same industry.
A Debt/Equity ratio of 0.65 indicates that GOGL is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.65, GOGL perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.56 | ||
| Altman-Z | 1.49 |
ROIC/WACC1.14
WACC7.49%
2.3 Liquidity
A Current Ratio of 1.22 indicates that GOGL should not have too much problems paying its short term obligations.
GOGL's Current ratio of 1.22 is on the low side compared to the rest of the industry. GOGL is outperformed by 64.29% of its industry peers.
A Quick Ratio of 1.22 indicates that GOGL should not have too much problems paying its short term obligations.
GOGL's Quick ratio of 1.22 is on the low side compared to the rest of the industry. GOGL is outperformed by 60.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 108.62% over the past year.
GOGL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.73% yearly.
GOGL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.81%.
The Revenue has been growing slightly by 6.19% on average over the past years.
EPS 1Y (TTM)108.62%
EPS 3YN/A
EPS 5Y0.73%
EPS Q2Q%100%
Revenue 1Y (TTM)14.81%
Revenue growth 3Y13.37%
Revenue growth 5Y6.19%
Sales Q2Q%31.92%
3.2 Future
The Earnings Per Share is expected to grow by 2.24% on average over the next years.
GOGL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.62% yearly.
EPS Next Y124.95%
EPS Next 2Y64.28%
EPS Next 3Y49.06%
EPS Next 5Y2.24%
Revenue Next Year20.55%
Revenue Next 2Y11.3%
Revenue Next 3Y10.31%
Revenue Next 5Y-2.62%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
GOGL is valuated cheaply with a Price/Earnings ratio of 7.33.
GOGL's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 28.29. GOGL is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 5.87 indicates a rather cheap valuation of GOGL.
GOGL's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, GOGL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.33 | ||
| Fwd PE | 5.87 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GOGL is valued a bit more expensive than the industry average as 60.71% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GOGL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.81 | ||
| EV/EBITDA | 6.28 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as GOGL's earnings are expected to grow with 49.06% in the coming years.
PEG (NY)0.06
PEG (5Y)10.04
EPS Next 2Y64.28%
EPS Next 3Y49.06%
5. Dividend
5.1 Amount
GOGL has a Yearly Dividend Yield of 13.35%, which is a nice return.
GOGL's Dividend Yield is rather good when compared to the industry average which is at 9.88. GOGL pays more dividend than 85.71% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, GOGL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.35% |
5.2 History
The dividend of GOGL has a limited annual growth rate of 1.95%.
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)1.95%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
GOGL pays out 82.70% of its income as dividend. This is not a sustainable payout ratio.
The dividend of GOGL is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP82.7%
EPS Next 2Y64.28%
EPS Next 3Y49.06%
GOLDEN OCEAN GROUP LTD
NASDAQ:GOGL (1/22/2025, 11:56:06 AM)
8.865
-0.05 (-0.62%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners39.78%
Inst Owner Change1.27%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap1.77B
Analysts78.67
Price Target15.22 (71.69%)
Short Float %3.88%
Short Ratio2.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.35% |
Yearly Dividend0.5
Dividend Growth(5Y)1.95%
DP82.7%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.5%
Min EPS beat(2)-13.68%
Max EPS beat(2)2.68%
EPS beat(4)3
Avg EPS beat(4)4.42%
Min EPS beat(4)-13.68%
Max EPS beat(4)22.92%
EPS beat(8)7
Avg EPS beat(8)31.14%
EPS beat(12)10
Avg EPS beat(12)25.28%
EPS beat(16)13
Avg EPS beat(16)22.7%
Revenue beat(2)2
Avg Revenue beat(2)14.82%
Min Revenue beat(2)3.45%
Max Revenue beat(2)26.19%
Revenue beat(4)2
Avg Revenue beat(4)7.03%
Min Revenue beat(4)-1.42%
Max Revenue beat(4)26.19%
Revenue beat(8)6
Avg Revenue beat(8)17.44%
Revenue beat(12)10
Avg Revenue beat(12)22.44%
Revenue beat(16)14
Avg Revenue beat(16)25.96%
PT rev (1m)-2.61%
PT rev (3m)-8.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-27.61%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.48%
Revenue NY rev (1m)-1.8%
Revenue NY rev (3m)-6.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.33 | ||
| Fwd PE | 5.87 | ||
| P/S | 1.75 | ||
| P/FCF | 5.81 | ||
| P/OCF | 4.54 | ||
| P/B | 0.92 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | 6.28 |
EPS(TTM)1.21
EY13.65%
EPS(NY)1.51
Fwd EY17.05%
FCF(TTM)1.53
FCFY17.22%
OCF(TTM)1.95
OCFY22.02%
SpS5.06
BVpS9.63
TBVpS9.63
PEG (NY)0.06
PEG (5Y)10.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.01% | ||
| ROE | 12.54% | ||
| ROCE | 10.81% | ||
| ROIC | 8.54% | ||
| ROICexc | 8.86% | ||
| ROICexgc | 8.86% | ||
| OM | 34.12% | ||
| PM (TTM) | 23.89% | ||
| GM | 52.94% | ||
| FCFM | 30.19% |
ROA(3y)10.89%
ROA(5y)5.77%
ROE(3y)19.09%
ROE(5y)9.93%
ROIC(3y)9.18%
ROIC(5y)6.3%
ROICexc(3y)9.68%
ROICexc(5y)6.65%
ROICexgc(3y)9.68%
ROICexgc(5y)6.65%
ROCE(3y)11.62%
ROCE(5y)7.98%
ROICexcg growth 3Y61.83%
ROICexcg growth 5Y-2.7%
ROICexc growth 3Y61.83%
ROICexc growth 5Y-2.7%
OM growth 3Y57.95%
OM growth 5Y-0.58%
PM growth 3YN/A
PM growth 5Y-0.32%
GM growth 3Y6.19%
GM growth 5Y-3.46%
F-Score8
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.56 | ||
| Debt/EBITDA | 2.58 | ||
| Cap/Depr | 59.81% | ||
| Cap/Sales | 8.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.11% | ||
| Profit Quality | 126.36% | ||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 | ||
| Altman-Z | 1.49 |
F-Score8
WACC7.49%
ROIC/WACC1.14
Cap/Depr(3y)253.01%
Cap/Depr(5y)165.76%
Cap/Sales(3y)32.13%
Cap/Sales(5y)21.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)108.62%
EPS 3YN/A
EPS 5Y0.73%
EPS Q2Q%100%
EPS Next Y124.95%
EPS Next 2Y64.28%
EPS Next 3Y49.06%
EPS Next 5Y2.24%
Revenue 1Y (TTM)14.81%
Revenue growth 3Y13.37%
Revenue growth 5Y6.19%
Sales Q2Q%31.92%
Revenue Next Year20.55%
Revenue Next 2Y11.3%
Revenue Next 3Y10.31%
Revenue Next 5Y-2.62%
EBIT growth 1Y93.64%
EBIT growth 3Y79.07%
EBIT growth 5Y5.57%
EBIT Next Year159.71%
EBIT Next 3Y43.94%
EBIT Next 5YN/A
FCF growth 1Y-40.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-34.6%
OCF growth 3Y23.73%
OCF growth 5Y7.39%