GOLDEN OCEAN GROUP LTD (GOGL.OL) Stock Fundamental Analysis
OSL:GOGL - BMG396372051 - Common Stock
83.25 NOK
+0.95 (+1.15%)
Taking everything into account, GOGL scores 3 out of 10 in our fundamental rating. GOGL was compared to 20 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 does not seem to be growing, but still is valued 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.
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
With a Return On Assets value of 3.35%, GOGL is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 6.23%, GOGL is doing worse than 85.00% of the companies in the same industry.
GOGL has a worse Return On Invested Capital (4.80%) than 70.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GOGL is below the industry average of 10.64%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 6.23% | ||
| ROIC | 4.8% |
ROA(3y)8%
ROA(5y)6.84%
ROE(3y)13.89%
ROE(5y)11.79%
ROIC(3y)7.27%
ROIC(5y)7.01%
1.3 Margins
The Profit Margin of GOGL (13.16%) is worse than 60.00% of its industry peers.
GOGL's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 21.92%, GOGL is in line with its industry, outperforming 55.00% of the companies in the same industry.
In the last couple of years the Operating Margin of GOGL has grown nicely.
The Gross Margin of GOGL (42.48%) 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GOGL is destroying value.
Compared to 1 year ago, GOGL has about the same amount of shares outstanding.
GOGL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for GOGL has been reduced compared to a year ago.
2.2 Solvency
GOGL has an Altman-Z score of 1.14. This is a bad value and indicates that GOGL is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GOGL (1.14) is worse than 75.00% of 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.
With a Debt to FCF ratio value of 8.36, GOGL is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
GOGL has a Debt/Equity ratio of 0.66. This is a neutral value indicating GOGL is somewhat dependend on debt financing.
GOGL's Debt to Equity ratio of 0.66 is in line compared to the rest of the industry. GOGL outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 8.36 | ||
| Altman-Z | 1.14 |
ROIC/WACC0.56
WACC8.64%
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: 90.00% of the companies in the same industry are doing better.
A Quick Ratio of 0.81 indicates that GOGL may have some problems paying its short term obligations.
GOGL has a worse Quick ratio (0.81) than 80.00% of its industry peers.
| 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%.
The Earnings Per Share has been growing by 30.14% on average over the past years. This is a very strong growth
The Revenue has decreased by -7.73% in the past 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
The Earnings Per Share is expected to decrease by -6.41% on average over the next years.
Based on estimates for the next years, GOGL will show a decrease in Revenue. The Revenue will decrease by -3.10% on average per year.
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.
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 14.38 indicates a correct valuation of GOGL.
Based on the Price/Earnings ratio, GOGL is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
GOGL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.08.
A Price/Forward Earnings ratio of 7.82 indicates a rather cheap valuation of GOGL.
The rest of the industry has a similar Price/Forward Earnings ratio as GOGL.
GOGL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.38 | ||
| Fwd PE | 7.82 |
4.2 Price Multiples
60.00% of the companies in the same industry are cheaper than GOGL, based on the Enterprise Value to EBITDA ratio.
GOGL's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.47 | ||
| EV/EBITDA | 9.07 |
4.3 Compensation for Growth
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)0.48
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 a higher than the industry average which is at 34.07.
Compared to an average S&P500 Dividend Yield of 2.34, GOGL pays a better dividend.
| 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%!
Dividend Growth(5Y)29.94%
Div Incr Years0
Div Non Decr Years0
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%
OSL:GOGL (8/19/2025, 7:00:00 PM)
83.25
+0.95 (+1.15%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners35.39%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap16.60B
Analysts76.36
Price Target85.39 (2.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.03% |
Yearly Dividend12.26
Dividend Growth(5Y)29.94%
DP184.66%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)-17.31%
PT rev (3m)-29.09%
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 | 14.38 | ||
| Fwd PE | 7.82 | ||
| P/S | 1.89 | ||
| P/FCF | 9.47 | ||
| P/OCF | 6.64 | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 9.07 |
EPS(TTM)5.79
EY6.95%
EPS(NY)10.64
Fwd EY12.78%
FCF(TTM)8.79
FCFY10.56%
OCF(TTM)12.54
OCFY15.06%
SpS43.98
BVpS92.99
TBVpS92.99
PEG (NY)N/A
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 6.23% | ||
| ROCE | 6.23% | ||
| ROIC | 4.8% | ||
| ROICexc | 4.97% | ||
| ROICexgc | 4.97% | ||
| 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)7.27%
ROIC(5y)7.01%
ROICexc(3y)7.59%
ROICexc(5y)7.38%
ROICexgc(3y)7.59%
ROICexgc(5y)7.38%
ROCE(3y)9.45%
ROCE(5y)9.1%
ROICexcg growth 3Y-16.84%
ROICexcg 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 | 1.14 |
F-Score5
WACC8.64%
ROIC/WACC0.56
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%