Golden Ocean Group Limited Logo

Golden Ocean Group Limited

GOGL

(2.0)
Stock Price

11,95 USD

3.47% ROA

5.95% ROE

16.26x PER

Market Cap.

2.001.414.096,00 USD

81.77% DER

4.98% Yield

12.68% NPM

Golden Ocean Group Limited Stock Analysis

Golden Ocean Group Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Golden Ocean Group Limited Fundamental Stock Analysis
# Analysis Rating
1 PBV

The stock's low PBV ratio (0.82x) suggests it's undervalued, making it an attractive opportunity for investors.

2 Dividend

Shareholders can rely on the company's remarkable dividend history, consistently paying dividends for the past five years, demonstrating a steadfast dedication to rewarding investors.

3 ROE

ROE in an average range (10.49%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (5.74%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

5 DER

The stock maintains a fair debt to equity ratio (78%), indicating a reasonable balance between the money it owes and the ownership it possesses.

6 Graham Number

The Graham number of this company suggests that its stock price may be undervalued, indicating a potentially attractive investment opportunity.

7 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

8 Net Profit Growth

Over the past five years, this company's net profit has failed to exhibit any growth, indicating a stagnant financial performance and making it a less favorable choice for potential investors.

9 Assets Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

10 Dividend Growth

The company's dividend growth has remained unchanged for three years, signaling a lack of positive momentum and making it a less favorable investment choice.

11 Buffet Intrinsic Value

The company's stock appears overvalued (-49) by Warren Buffett's formula, suggesting a less favorable investment opportunity as its market price exceeds its estimated intrinsic value.

Golden Ocean Group Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Golden Ocean Group Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Sell
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Golden Ocean Group Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Golden Ocean Group Limited Revenue
Year Revenue Growth
1997 42.138.180
1998 45.039.385 6.44%
1999 40.275.925 -11.83%
2000 76.335.975 47.24%
2001 61.534.335 -24.05%
2002 40.275.925 -52.78%
2003 75.246.200 46.47%
2004 135.695.000 44.55%
2005 100.179.000 -35.45%
2006 105.728.000 5.25%
2007 88.160.000 -19.93%
2008 82.914.000 -6.33%
2009 67.339.000 -23.13%
2010 95.897.000 29.78%
2011 94.517.000 -1.46%
2012 37.315.000 -153.29%
2013 37.546.000 0.62%
2014 96.715.000 61.18%
2015 189.632.000 49%
2016 257.808.000 26.44%
2017 460.023.000 43.96%
2018 656.069.000 29.88%
2019 705.799.000 7.05%
2020 607.943.000 -16.1%
2021 1.203.181.000 49.47%
2022 1.113.456.000 -8.06%
2023 886.652.000 -25.58%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Golden Ocean Group Limited Research and Development Expenses
Year Research and Development Expenses Growth
1997 0
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Golden Ocean Group Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
1997 0
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 3.018.000 100%
2011 0 0%
2012 4.259.000 100%
2013 4.937.000 13.73%
2014 5.037.000 1.99%
2015 12.469.000 59.6%
2016 12.728.000 2.03%
2017 12.558.000 -1.35%
2018 14.706.000 14.61%
2019 14.123.000 -4.13%
2020 13.722.000 -2.92%
2021 18.149.000 24.39%
2022 20.375.000 10.93%
2023 17.764.000 -14.7%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Golden Ocean Group Limited EBITDA
Year EBITDA Growth
1997 39.429.879
1998 43.298.245 8.93%
1999 39.434.903 -9.8%
2000 75.992.238 48.11%
2001 61.155.075 -24.26%
2002 39.891.903 -53.3%
2003 74.803.648 46.67%
2004 86.352.000 13.37%
2005 32.000.000 -169.85%
2006 32.656.000 2.01%
2007 30.178.000 -8.21%
2008 63.014.000 52.11%
2009 38.592.000 -63.28%
2010 64.262.000 39.95%
2011 61.025.000 -5.3%
2012 31.003.000 -96.84%
2013 17.994.000 -72.3%
2014 39.024.000 53.89%
2015 -30.258.000 228.97%
2016 -7.512.000 -302.8%
2017 136.874.000 105.49%
2018 241.675.000 43.36%
2019 200.778.000 -20.37%
2020 131.076.000 -53.18%
2021 655.149.000 79.99%
2022 574.160.000 -14.11%
2023 317.444.000 -80.87%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Golden Ocean Group Limited Gross Profit
Year Gross Profit Growth
1997 41.838.180
1998 44.639.385 6.28%
1999 39.875.925 -11.95%
2000 76.335.975 47.76%
2001 61.534.335 -24.05%
2002 40.275.925 -52.78%
2003 75.246.200 46.47%
2004 111.587.000 32.57%
2005 66.509.000 -67.78%
2006 69.878.000 4.82%
2007 59.744.000 -16.96%
2008 64.367.000 7.18%
2009 58.751.000 -9.56%
2010 65.752.000 10.65%
2011 64.501.000 -1.94%
2012 14.267.000 -352.1%
2013 11.761.000 -21.31%
2014 24.523.000 52.04%
2015 -58.565.000 141.87%
2016 -55.045.000 -6.39%
2017 60.130.000 191.54%
2018 157.547.000 61.83%
2019 115.949.000 -35.88%
2020 44.049.000 -163.23%
2021 528.164.000 91.66%
2022 421.690.000 -25.25%
2023 193.992.000 -117.37%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Golden Ocean Group Limited Net Profit
Year Net Profit Growth
1997 19.479.297
1998 17.385.820 -12.04%
1999 12.572.476 -38.28%
2000 48.723.745 74.2%
2001 33.915.432 -43.66%
2002 12.550.786 -170.23%
2003 47.461.231 73.56%
2004 85.839.000 44.71%
2005 43.967.000 -95.24%
2006 45.717.000 3.83%
2007 84.836.000 46.11%
2008 48.054.000 -76.54%
2009 21.680.000 -121.65%
2010 38.557.000 43.77%
2011 32.652.000 -18.08%
2012 -53.429.000 161.11%
2013 -3.903.000 -1268.92%
2014 15.995.000 124.4%
2015 -220.839.000 107.24%
2016 -127.711.000 -72.92%
2017 -2.348.000 -5339.14%
2018 84.534.000 102.78%
2019 37.189.000 -127.31%
2020 -137.669.000 127.01%
2021 527.218.000 126.11%
2022 461.847.000 -14.15%
2023 114.936.000 -301.83%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Golden Ocean Group Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1997 7
1998 5 -75%
1999 3 -33.33%
2000 13 76.92%
2001 9 -44.44%
2002 3 -200%
2003 13 75%
2004 23 47.83%
2005 12 -109.09%
2006 12 8.33%
2007 23 45.45%
2008 13 -83.33%
2009 6 -140%
2010 9 44.44%
2011 6 -50%
2012 -10 160%
2013 -1 0%
2014 1 100%
2015 -7 114.29%
2016 -1 -600%
2017 0 0%
2018 1 0%
2019 0 0%
2020 -1 0%
2021 3 100%
2022 2 0%
2023 1 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Golden Ocean Group Limited Free Cashflow
Year Free Cashflow Growth
1997 -418.258.170
1998 47.180.002 986.52%
1999 37.261.624 -26.62%
2000 47.344.213 21.3%
2001 72.534.898 34.73%
2002 30.898.947 -134.75%
2003 52.939.614 41.63%
2004 106.588.000 50.33%
2005 70.128.000 -51.99%
2006 68.653.000 -2.15%
2007 14.727.000 -366.17%
2008 51.840.000 71.59%
2009 -81.913.000 163.29%
2010 -35.129.000 -133.18%
2011 42.607.000 182.45%
2012 36.799.000 -15.78%
2013 -14.393.000 355.67%
2014 -356.624.000 95.96%
2015 -533.840.000 33.2%
2016 -290.589.000 -83.71%
2017 -64.075.000 -353.51%
2018 28.309.000 326.34%
2019 114.312.000 75.24%
2020 115.369.000 0.92%
2021 115.399.000 0.03%
2022 442.356.000 73.91%
2023 -55.930.000 890.91%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Golden Ocean Group Limited Operating Cashflow
Year Operating Cashflow Growth
1997 21.563.375
1998 47.180.002 54.3%
1999 37.261.624 -26.62%
2000 47.344.213 21.3%
2001 72.534.898 34.73%
2002 30.898.947 -134.75%
2003 52.939.614 41.63%
2004 106.588.000 50.33%
2005 70.128.000 -51.99%
2006 68.653.000 -2.15%
2007 48.186.000 -42.47%
2008 69.687.000 30.85%
2009 34.562.000 -101.63%
2010 62.471.000 44.68%
2011 42.607.000 -46.62%
2012 36.799.000 -15.78%
2013 12.313.000 -198.86%
2014 24.864.000 50.48%
2015 -14.827.000 267.69%
2016 -23.054.000 35.69%
2017 94.621.000 124.36%
2018 186.545.000 49.28%
2019 158.430.000 -17.75%
2020 140.640.000 -12.65%
2021 560.398.000 74.9%
2022 503.387.000 -11.33%
2023 47.398.000 -962.04%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Golden Ocean Group Limited Capital Expenditure
Year Capital Expenditure Growth
1997 439.821.545
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 33.459.000 100%
2008 17.847.000 -87.48%
2009 116.475.000 84.68%
2010 97.600.000 -19.34%
2011 0 0%
2012 0 0%
2013 26.706.000 100%
2014 381.488.000 93%
2015 519.013.000 26.5%
2016 267.535.000 -94%
2017 158.696.000 -68.58%
2018 158.236.000 -0.29%
2019 44.118.000 -258.67%
2020 25.271.000 -74.58%
2021 444.999.000 94.32%
2022 61.031.000 -629.14%
2023 103.328.000 40.93%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Golden Ocean Group Limited Equity
Year Equity Growth
1997 315.158.247
1998 292.188.066 -7.86%
1999 273.980.543 -6.65%
2000 277.218.288 1.17%
2001 229.077.216 -21.02%
2002 208.639.114 -9.8%
2003 215.526.852 3.2%
2004 228.871.000 5.83%
2005 195.033.000 -17.35%
2006 179.190.000 -8.84%
2007 221.276.000 19.02%
2008 222.305.000 0.46%
2009 239.710.000 7.26%
2010 375.901.000 36.23%
2011 359.932.000 -4.44%
2012 277.694.000 -29.61%
2013 307.441.000 9.68%
2014 884.273.000 65.23%
2015 1.158.649.000 23.68%
2016 1.238.712.000 6.46%
2017 1.494.047.000 17.09%
2018 1.523.513.000 1.93%
2019 1.513.391.000 -0.67%
2020 1.368.756.000 -10.57%
2021 1.928.741.000 29.03%
2022 1.917.033.000 -0.61%
2023 1.884.369.000 -1.73%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Golden Ocean Group Limited Assets
Year Assets Growth
1997 458.067.222
1998 428.293.722 -6.95%
1999 403.265.501 -6.21%
2000 404.739.841 0.36%
2001 366.204.004 -10.52%
2002 347.824.729 -5.28%
2003 348.442.802 0.18%
2004 365.554.000 4.68%
2005 323.159.000 -13.12%
2006 301.499.000 -7.18%
2007 342.166.000 11.89%
2008 331.685.000 -3.16%
2009 374.946.000 11.54%
2010 541.953.000 30.82%
2011 521.219.000 -3.98%
2012 397.420.000 -31.15%
2013 409.858.000 3.03%
2014 1.262.740.000 67.54%
2015 2.178.667.000 42.04%
2016 2.361.621.000 7.75%
2017 2.870.054.000 17.72%
2018 2.951.355.000 2.75%
2019 2.966.057.000 0.5%
2020 2.721.067.000 -9%
2021 3.454.177.000 21.22%
2022 3.257.291.000 -6.04%
2023 3.543.447.000 8.08%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Golden Ocean Group Limited Liabilities
Year Liabilities Growth
1997 142.908.975
1998 136.105.656 -5%
1999 129.284.958 -5.28%
2000 127.521.553 -1.38%
2001 137.126.788 7%
2002 139.185.615 1.48%
2003 132.915.950 -4.72%
2004 136.683.000 2.76%
2005 128.126.000 -6.68%
2006 122.309.000 -4.76%
2007 120.890.000 -1.17%
2008 109.380.000 -10.52%
2009 135.236.000 19.12%
2010 166.052.000 18.56%
2011 161.287.000 -2.95%
2012 119.726.000 -34.71%
2013 102.417.000 -16.9%
2014 378.467.000 72.94%
2015 1.020.018.000 62.9%
2016 1.122.909.000 9.16%
2017 1.376.007.000 18.39%
2018 1.427.842.000 3.63%
2019 1.452.666.000 1.71%
2020 1.352.311.000 -7.42%
2021 1.525.436.000 11.35%
2022 1.340.258.000 -13.82%
2023 1.659.078.000 19.22%

Golden Ocean Group Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
4.42
Net Income per Share
0.62
Price to Earning Ratio
16.26x
Price To Sales Ratio
2.27x
POCF Ratio
6.78
PFCF Ratio
-10.22
Price to Book Ratio
1.06
EV to Sales
3.91
EV Over EBITDA
10.36
EV to Operating CashFlow
11.67
EV to FreeCashFlow
-17.59
Earnings Yield
0.06
FreeCashFlow Yield
-0.1
Market Cap
2,00 Bil.
Enterprise Value
3,44 Bil.
Graham Number
11.45
Graham NetNet
-7.83

Income Statement Metrics

Net Income per Share
0.62
Income Quality
2.4
ROE
0.07
Return On Assets
0.03
Return On Capital Employed
0.06
Net Income per EBT
1
EBT Per Ebit
0.57
Ebit per Revenue
0.22
Effective Tax Rate
0

Margins

Sales, General, & Administrative to Revenue
0.02
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.24
Operating Profit Margin
0.22
Pretax Profit Margin
0.13
Net Profit Margin
0.13

Dividends

Dividend Yield
0.05
Dividend Yield %
4.98
Payout Ratio
1.22
Dividend Per Share
0.5

Operating Metrics

Operating Cashflow per Share
1.48
Free CashFlow per Share
-0.98
Capex to Operating CashFlow
-1.66
Capex to Revenue
-0.56
Capex to Depreciation
-3.73
Return on Invested Capital
0.05
Return on Tangible Assets
0.03
Days Sales Outstanding
0
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
0
Payables Turnover
0
Inventory Turnover
0
Capex per Share
-2.46

Balance Sheet

Cash per Share
0,49
Book Value per Share
9,45
Tangible Book Value per Share
9.45
Shareholders Equity per Share
9.45
Interest Debt per Share
8.2
Debt to Equity
0.82
Debt to Assets
0.43
Net Debt to EBITDA
4.34
Current Ratio
1.08
Tangible Asset Value
1,88 Bil.
Net Current Asset Value
-1,38 Bil.
Invested Capital
0.82
Working Capital
0,02 Bil.
Intangibles to Total Assets
0
Average Receivables
0,05 Bil.
Average Payables
0,01 Bil.
Average Inventory
25841000
Debt to Market Cap
0.77

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Golden Ocean Group Limited Dividends
Year Dividends Growth
1997 1
1998 1 100%
1999 2 0%
2000 3 50%
2001 4 50%
2002 1 0%
2003 3 100%
2004 5 50%
2005 5 0%
2006 4 -33.33%
2007 3 -50%
2008 3 0%
2009 0 0%
2010 2 100%
2011 2 50%
2012 1 -100%
2013 1 0%
2014 1 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 2 100%
2022 2 50%
2023 0 0%

Golden Ocean Group Limited Profile

About Golden Ocean Group Limited

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.

CEO
Mr. Peder Carl Gram Simonsen
Employee
38
Address
Par-la-Ville Place
Hamilton, HM 08

Golden Ocean Group Limited Executives & BODs

Golden Ocean Group Limited Executives & BODs
# Name Age
1 Mr. Peder Carl Gram Simonsen
Chief Financial Officer of Golden Ocean Management AS
70
2 Mr. Tord Brath
Head of Global Operations
70

Golden Ocean Group Limited Competitors