Golden Ocean Group Ltd
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $7.3401
- Today's High:
- $7.455
- Open Price:
- $7.41
- 52W Low:
- $6.637
- 52W High:
- $10.3042
- Prev. Close:
- $7.4
- Volume:
- 970681
Company Statistics
- Market Cap.:
- $1.47 billion
- Book Value:
- 9.402
- Revenue TTM:
- $941.51 million
- Operating Margin TTM:
- 22.73%
- Gross Profit TTM:
- $551.12 million
- Profit Margin:
- 21.12%
- Return on Assets TTM:
- 3.9%
- Return on Equity TTM:
- 10.43%
Company Profile
Golden Ocean Group Ltd had its IPO on 1997-02-06 under the ticker symbol GOGL.
The company operates in the Industrials sector and Marine Shipping industry. Golden Ocean Group Ltd has a staff strength of 38 employees.
Stock update
Shares of Golden Ocean Group Ltd opened at $7.41 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $7.34 - $7.46, and closed at $7.39.
This is a -0.14% slip from the previous day's closing price.
A total volume of 970,681 shares were traded at the close of the day’s session.
In the last one week, shares of Golden Ocean Group Ltd have increased by +2.18%.
Golden Ocean Group Ltd's Key Ratios
Golden Ocean Group Ltd has a market cap of $1.47 billion, indicating a price to book ratio of 0.9147 and a price to sales ratio of 1.4627.
In the last 12-months Golden Ocean Group Ltd’s revenue was $941.51 million with a gross profit of $551.12 million and an EBITDA of $342.39 million. The EBITDA ratio measures Golden Ocean Group Ltd's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Golden Ocean Group Ltd’s operating margin was 22.73% while its return on assets stood at 3.9% with a return of equity of 10.43%.
In Q2, Golden Ocean Group Ltd’s quarterly earnings growth was a negative -78.9% while revenue growth was a negative 32.6%.
Golden Ocean Group Ltd’s PE and PEG Ratio
- Forward PE
- 7.3099
- Trailing PE
- 7.4646
- PEG
- 131.35
Its diluted EPS in the last 12-months stands at $0.99 per share while it has a forward price to earnings multiple of 7.3099 and a PEG multiple of 131.35. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Golden Ocean Group Ltd’s profitability.
Golden Ocean Group Ltd stock is trading at a EV to sales ratio of 2.333 and a EV to EBITDA ratio of 3.7584. Its price to sales ratio in the trailing 12-months stood at 1.4627.
Golden Ocean Group Ltd stock pays annual dividends of $0.75 per share, indicating a yield of 10.03% and a payout ratio of 94.94%.
Balance sheet and cash flow metrics
- Total Assets
- $3.46 billion
- Total Liabilities
- $243.33 million
- Operating Cash Flow
- $0
- Capital Expenditure
- $228.17 million
- Dividend Payout Ratio
- 94.94%
Golden Ocean Group Ltd ended 2024 with $3.46 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.46 billion while shareholder equity stood at $1.88 billion.
Golden Ocean Group Ltd ended 2024 with $0 in deferred long-term liabilities, $243.33 million in other current liabilities, 10061000.00 in common stock, $294.83 million in retained earnings and $0 in goodwill. Its cash balance stood at $103.90 million and cash and short-term investments were $103.90 million. The company’s total short-term debt was $130,279,000 while long-term debt stood at $1.25 billion.
Golden Ocean Group Ltd’s total current assets stands at $272.78 million while long-term investments were $58.40 million and short-term investments were $2.64 million. Its net receivables were $97.31 million compared to accounts payable of $11.23 million and inventory worth $51.68 million.
In 2024, Golden Ocean Group Ltd's operating cash flow was $0 while its capital expenditure stood at $228.17 million.
Comparatively, Golden Ocean Group Ltd paid $0.95 in dividends in 2024.
Other key metrics
- Current Trading Price
- $7.39
- 52-Week High
- $10.3042
- 52-Week Low
- $6.637
- Analyst Target Price
- $12.63
Golden Ocean Group Ltd stock is currently trading at $7.39 per share. It touched a 52-week high of $10.3042 and a 52-week low of $10.3042. Analysts tracking the stock have a 12-month average target price of $12.63.
Its 50-day moving average was $7.37 and 200-day moving average was $8.27 The short ratio stood at 4.48 indicating a short percent outstanding of 0%.
Around 3923.7% of the company’s stock are held by insiders while 2712.3% are held by institutions.
Frequently Asked Questions About Golden Ocean Group Ltd
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About
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. It operates dry bulk vessels comprising of Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company’s vessels transport a range of bulk commodities, such as ores, coal, grains, and fertilizers. As of March 16, 2023, it owned a fleet of 74 dry bulk vessels. The company is based in Hamilton, Bermuda.