-0.11%
-0.96%
-14.03%
-19.70%
-11.14%
-7.22%
111.19%
AI Spotlight on GOGL
Company Description
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.
Market Data
| Last Price | 9.25 |
| Change Percentage | -0.11% |
| Open | 9.39 |
| Previous Close | 9.26 |
| Market Cap ( Millions) | 1850 |
| Volume | 1803892 |
| Year High | 15.77 |
| Year Low | 8.52 |
| M A 50 | 9.5 |
| M A 200 | 11.97 |
Financial Ratios
| FCF Yield | 16.50% |
| Dividend Yield | 12.97% |
| ROE | 12.54% |
| Debt / Equity | 72.86% |
| Net Debt / EBIDTA | 266.74% |
| Price To Book | 0.96 |
| Price Earnings Ratio | 7.66 |
| Price To FCF | 6.06 |
| Price To sales | 1.83 |
| EV / EBITDA | 6.5 |
News
- Jan -22 - Golden Ocean: A Top-Tier Dry Bulk Operator Focused On The Capesize Market
- Jan -05 - 4 Of 35 Safe-Buy Dividend Power Dogs In January
- Dec -18 - GOGL - Transactions made under the buy-back program
- Nov -29 - Golden Ocean Group: The Drop In Stock Price May Offer An Opportunity
- Nov -27 - Golden Ocean Group Limited (GOGL) Q3 2024 Earnings Call Transcript
- Nov -27 - Golden Ocean Group (GOGL) Q3 Earnings and Revenues Beat Estimates
- Nov -27 - GOGL – Q3 2024 Presentation
- Nov -27 - GOGL – Third Quarter 2024 Results
- Nov -21 - Golden Ocean downgraded to Hold from Buy at Pareto
- Nov -18 - GOGL – Invitation to presentation of Q3 2024 Results
- Nov -02 - Golden Ocean Is Picking Up A Tailwind
- Oct -15 - Golden Ocean Group: Top Spec Fleet And Attractive Shareholder Returns
- Oct -04 - Golden Ocean Has Found A Way To Navigate The Cyclical Bulk Carrier Business
- Oct -02 - GOGL – Renewal of share buy-back program
- Sep -12 - GOGL - Company Presentation September 2024
- Aug -28 - Golden Ocean Group Limited (GOGL) Q2 2024 Earnings Call Transcript
- Aug -28 - Golden Ocean Group (GOGL) Tops Q2 Earnings and Revenue Estimates
- Aug -28 - GOGL – Q2 2024 Presentation
- Aug -28 - GOGL – Second Quarter 2024 Results
- Aug -20 - GOGL – Invitation to presentation of Q2 2024 Results
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Voyage Charter
Expected Growth : 4.83 %
What the company do ?
Voyage Charter from Golden Ocean Group Limited is a contract where a shipowner hires out their vessel to a charterer for a specific voyage or period.
Why we expect these perspectives ?
Strong demand for dry bulk commodities, particularly iron ore and coal, driven by China's infrastructure development and global economic growth. Golden Ocean Group's modern fleet and operational efficiency enable it to capitalize on the rising charter rates, resulting in a 4.83% growth.
Segment n°2 -> Time Charter
Expected Growth : 4.83 %
What the company do ?
Time Charter from Golden Ocean Group Limited refers to a contract where a shipowner hires out a vessel for a set period to a charterer, who pays a daily rate for its use.
Why we expect these perspectives ?
Golden Ocean Group's 4.83% Time Charter growth driven by increasing global seaborne trade, rising commodity demand, and a low orderbook of new vessels. Additionally, the company's modern fleet and operational efficiency contribute to higher utilization rates, further boosting revenue growth.
Segment n°3 -> Other
Expected Growth : 4.83 %
What the company do ?
The 'Other' segment from Golden Ocean Group Limited refers to non-core business activities, including investments, and other miscellaneous operations.
Why we expect these perspectives ?
Golden Ocean Group's 4.83% growth in 'Other' segment is driven by increasing demand for dry bulk shipping services, improved vessel utilization, and cost savings from operational efficiencies. Additionally, the company's diversified fleet and strategic partnerships have enabled it to capitalize on market opportunities, contributing to the segment's growth.
Golden Ocean Group Limited Products
| Product Range | What is it ? |
|---|---|
| Dry Bulk Shipping | Golden Ocean Group Limited provides dry bulk shipping services, transporting a wide range of dry bulk commodities such as iron ore, coal, and grains. |
| Tanker Shipping | The company offers tanker shipping services, transporting crude oil, petroleum products, and chemicals. |
| Offshore Drilling | Golden Ocean Group Limited provides offshore drilling services, supporting oil and gas exploration and production activities. |
| Ship Management | The company offers ship management services, including technical management, crew management, and commercial management. |
| Ship Brokerage | Golden Ocean Group Limited provides ship brokerage services, facilitating the buying and selling of ships and negotiating charter agreements. |
Golden Ocean Group Limited's Porter Forces
Threat Of Substitutes
Golden Ocean Group Limited operates in the dry bulk shipping industry, where substitutes are limited. However, the company faces some threat from alternative modes of transportation, such as rail and road, which could potentially substitute for sea transportation.
Bargaining Power Of Customers
Golden Ocean Group Limited's customers are primarily commodity traders, charterers, and industrial companies. While these customers may have some bargaining power, the company's diversified customer base and long-term contracts mitigate this risk.
Bargaining Power Of Suppliers
Golden Ocean Group Limited's suppliers are primarily shipyards, equipment manufacturers, and service providers. While the company may face some bargaining power from these suppliers, its large fleet size and long-term contracts help to mitigate this risk.
Threat Of New Entrants
The dry bulk shipping industry has significant barriers to entry, including high capital requirements, regulatory hurdles, and the need for specialized expertise. These barriers limit the threat of new entrants to Golden Ocean Group Limited.
Intensity Of Rivalry
The dry bulk shipping industry is highly competitive, with many established players competing for market share. Golden Ocean Group Limited faces intense rivalry from other shipping companies, which can lead to downward pressure on freight rates and profitability.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 42.01% |
| Debt Cost | 7.44% |
| Equity Weight | 57.99% |
| Equity Cost | 10.72% |
| WACC | 9.34% |
| Leverage | 72.44% |
Golden Ocean Group Limited : Quality Control
Golden Ocean Group Limited passed 0 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ASC | Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical … |
| HAFNI.OL | Hafnia Limited owns and operates oil product tankers. The company operates through four segments: Long Range II (LR2), Long Range I (LR1), Medium Range (MR), and Handy size (Handy). It … |
| KEX | Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank … |
| MATX | Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, … |
| BWLPG.OL | BW LPG Limited, an investment holding company, engages in shipowning and chartering activities worldwide. The company operates through two segments, Very Large Gas Carriers (VLGCs) and Product Services. It is … |
Peers Metrics
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Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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BW LPG
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Hafnia
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Golden Ocean
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Ardmore Shipping
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5
Matson
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6
