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Golden Ocean Group is a marine shipping business based in the US. Golden Ocean Group shares (GOGL) are listed on the NASDAQ and all prices are listed in US Dollars. Golden Ocean Group employs 37 staff and has a trailing 12-month revenue of around $1.2 billion.
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| Latest market close | $9.33 |
|---|---|
| 52-week range | $6.95 - $14.71 |
| 50-day moving average | $8.78 |
| 200-day moving average | $10.51 |
| Wall St. target price | $122.07 |
| PE ratio | 3.0268 |
| Dividend yield | $2.35 (25.88%) |
| Earnings per share (TTM) | $2.98 |
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The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $9.33 from 2023-01-27
| 1 week (2023-01-23) | 9.33 |
|---|---|
| 1 month (2022-12-30) | 7.36% |
| 3 months (2022-10-28) | 9.51% |
| 6 months (2022-07-29) | -14.56% |
| 1 year (2022-01-28) | 1.41% |
|---|---|
| 2 years (2021-01-29) | 97.23% |
| 3 years (2020-01-30) | 104.61% |
| 5 years (2018-01-30) | 6.48% |
Valuing Golden Ocean Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Golden Ocean Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Golden Ocean Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Golden Ocean Group shares trade at around 3x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Golden Ocean Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 131.35. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Golden Ocean Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Golden Ocean Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $659.6 million.
The EBITDA is a measure of a Golden Ocean Group's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $1.2 billion |
|---|---|
| Operating margin TTM | 42.62% |
| Gross profit TTM | $649.9 million |
| Return on assets TTM | 9.6% |
| Return on equity TTM | 31.3% |
| Profit margin | 48.22% |
| Book value | $9.57 |
| Market capitalisation | $1.8 billion |
TTM: trailing 12 months
Dividend payout ratio: 89.35% of net profits
Recently Golden Ocean Group has paid out, on average, around 89.35% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 25.88% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Golden Ocean Group shareholders could enjoy a 25.88% return on their shares, in the form of dividend payments. In Golden Ocean Group's case, that would currently equate to about $2.35 per share.
Golden Ocean Group's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Golden Ocean Group's most recent dividend payout was on 4 December 2022. The latest dividend was paid out to all shareholders who bought their shares by 24 November 2022 (the "ex-dividend date").
Golden Ocean Group's shares were split on a 1:5 basis on 31 July 2016. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Golden Ocean Group shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Golden Ocean Group shares which in turn could have impacted Golden Ocean Group's share price.
Over the last 12 months, Golden Ocean Group's shares have ranged in value from as little as $6.949 up to $14.712. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Golden Ocean Group's is 1.3178. This would suggest that Golden Ocean Group's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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. .
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