Golden Ocean Group Stock Return On Equity
| GOGL Stock | USD 7.68 0.29 3.64% |
Golden Ocean Group fundamentals help investors to digest information that contributes to Golden Ocean's financial success or failures. It also enables traders to predict the movement of Golden Stock. The fundamental analysis module provides a way to measure Golden Ocean's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Golden Ocean stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.12 | 0.11 |
Golden | Return On Equity |
Golden Ocean Group Company Return On Equity Analysis
Golden Ocean's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Golden Ocean Return On Equity | 0.12 |
Most of Golden Ocean's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Golden Ocean Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Golden Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Golden Ocean is extremely important. It helps to project a fair market value of Golden Stock properly, considering its historical fundamentals such as Return On Equity. Since Golden Ocean's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Golden Ocean's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Golden Ocean's interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Golden Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Golden Ocean Group has a Return On Equity of 0.1168. This is 73.45% lower than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. The return on equity for all United States stocks is 137.68% lower than that of the firm.
Golden Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Golden Ocean's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Golden Ocean could also be used in its relative valuation, which is a method of valuing Golden Ocean by comparing valuation metrics of similar companies.Golden Ocean is currently under evaluation in return on equity category among its peers.
Golden Ocean Current Valuation Drivers
We derive many important indicators used in calculating different scores of Golden Ocean from analyzing Golden Ocean's financial statements. These drivers represent accounts that assess Golden Ocean's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Golden Ocean's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 835.4M | 664.7M | 1.8B | 1.8B | 1.6B | 1.7B |
Golden Ocean ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Golden Ocean's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Golden Ocean's managers, analysts, and investors.Environmental | Governance | Social |
Golden Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0533 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 2.83 B | ||||
| Shares Outstanding | 199.38 M | ||||
| Shares Owned By Insiders | 40.81 % | ||||
| Shares Owned By Institutions | 38.04 % | ||||
| Number Of Shares Shorted | 4.68 M | ||||
| Price To Earning | 2.55 X | ||||
| Price To Book | 0.84 X | ||||
| Price To Sales | 1.64 X | ||||
| Revenue | 885.77 M | ||||
| Gross Profit | 458.84 M | ||||
| EBITDA | 352.02 M | ||||
| Net Income | 112.27 M | ||||
| Cash And Equivalents | 163.98 M | ||||
| Cash Per Share | 0.82 X | ||||
| Total Debt | 1.47 B | ||||
| Debt To Equity | 0.69 % | ||||
| Current Ratio | 1.54 X | ||||
| Book Value Per Share | 9.53 X | ||||
| Cash Flow From Operations | 266.34 M | ||||
| Short Ratio | 2.01 X | ||||
| Earnings Per Share | 1.12 X | ||||
| Price To Earnings To Growth | 131.35 X | ||||
| Target Price | 11.62 | ||||
| Beta | 1.19 | ||||
| Market Capitalization | 1.59 B | ||||
| Total Asset | 3.49 B | ||||
| Retained Earnings | 339.98 M | ||||
| Working Capital | 52.73 M | ||||
| Current Asset | 203.66 M | ||||
| Current Liabilities | 80.03 M | ||||
| Annual Yield | 0.08 % | ||||
| Net Asset | 3.49 B | ||||
| Last Dividend Paid | 1.05 |
About Golden Ocean Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Golden Ocean Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Golden Ocean using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Golden Ocean Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Ocean. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Ocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.32) | Dividend Share 1.05 | Earnings Share 1.12 | Revenue Per Share | Quarterly Revenue Growth (0.17) |
The market value of Golden Ocean Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Ocean's value that differs from its market value or its book value, called intrinsic value, which is Golden Ocean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Ocean's market value can be influenced by many factors that don't directly affect Golden Ocean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Golden Ocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Ocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Ocean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.