GOLDEN OCEAN GROUP LTD (GOGL) Stock Fundamental Analysis
USA - NASDAQ:GOGL - BMG396372051 - Common Stock
7.98 USD
-0.22 (-2.68%)
8 USD
+0.02 (+0.25%)
Overall GOGL gets a fundamental rating of 4 out of 10. We evaluated GOGL against 35 industry peers in the Marine Transportation industry. There are concerns on the financial health of GOGL while its profitability can be described as average. GOGL has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
GOGL had positive earnings in the past year.
GOGL had a positive operating cash flow in the past year.
GOGL had positive earnings in 4 of the past 5 years.
In the past 5 years GOGL always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.35%, GOGL is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
The Return On Equity of GOGL (6.23%) is better than 63.89% of its industry peers.
The Return On Invested Capital of GOGL (4.92%) is comparable to the rest of the industry.
GOGL had an Average Return On Invested Capital over the past 3 years of 7.46%. This is significantly below the industry average of 18.84%.
| 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
With a decent Profit Margin value of 13.16%, GOGL is doing good in the industry, outperforming 63.89% of the companies in the same industry.
In the last couple of years the Profit Margin of GOGL has grown nicely.
With a Operating Margin value of 21.92%, GOGL perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
GOGL's Operating Margin has improved in the last couple of years.
The Gross Margin of GOGL (42.48%) is comparable to the rest of the 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GOGL is still creating some value.
GOGL has about the same amout of shares outstanding than it did 1 year ago.
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
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.
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 (8.36) which is in line with its industry peers.
A Debt/Equity ratio of 0.66 indicates that GOGL is somewhat dependend on debt financing.
GOGL has a Debt to Equity ratio of 0.66. This is in the lower half of the industry: GOGL underperforms 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.
The Current ratio of GOGL (0.81) is worse 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's Quick ratio of 0.81 is on the low side compared to the rest of the industry. GOGL is outperformed by 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.
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.
GOGL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.53% yearly.
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
Based on the Price/Earnings ratio of 14.00, the valuation of GOGL can be described as correct.
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 (27.08), we can say GOGL is valued slightly cheaper.
A Price/Forward Earnings ratio of 7.61 indicates a rather cheap valuation of GOGL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GOGL indicates a somewhat cheap valuation: GOGL is cheaper than 63.89% of the companies listed in the same industry.
GOGL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.09.
| 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.
Based on the Price/Free Cash Flow ratio, GOGL is valued a bit 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
GOGL has a very decent profitability rating, which 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 7.34. GOGL pays more dividend than 91.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, 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%!
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.
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-1.53%
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.