Golden Ocean Group Limited
Find Ratings ReportsGOLDEN OCEAN GROUP's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 254.21 | 249.56 |
EBITDA ($mil) | 121.53 | 104.76 |
EBIT ($mil) | 85.34 | 72.37 |
Net Income ($mil) | 57.47 | 68.21 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 118.64 | 140.26 |
Total Assets ($mil) | 3489.02 | 3257.29 |
Total Debt ($mil) | 1469.91 | 1245.43 |
Equity ($mil) | 1921.89 | 1917.03 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 49.74 | 43.97 |
EBITDA Margin | 47.8 | 41.97 |
Operating Margin | 33.57 | 29.0 |
Sales Turnover | 0.25 | 0.34 |
Return on Assets | 3.21 | 14.17 |
Return on Equity | 5.84 | 24.09 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.23 | 1.41 |
Debt/Capital | 0.43 | 0.39 |
Interest Expense | 28.66 | 18.96 |
Interest Coverage | 2.98 | 3.82 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 199.63 | 200.49 |
Div / share | 0.1 | 0.35 |
EPS | 0.29 | 0.34 |
Book value / share | 9.63 | 9.56 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1766731.0 | 1533976.0 |
BUY. This stock's P/E ratio indicates a premium compared to an average of 16.70 for the Rental and Leasing Services subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.34 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.53. The price-to-sales ratio is above the S&P 500 average, but well below the subsector average.
Price/Earnings |
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Price/Cash Flow |
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GOGL 23.02 | Peers 16.70 | GOGL 9.66 | Peers 9.46 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. GOGL is trading at a significant premium to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. GOGL is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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GOGL 6.86 | Peers 12.70 | GOGL NM | Peers 1.38 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. GOGL is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. GOGL's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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GOGL 1.34 | Peers 4.53 | GOGL -75.55 | Peers 101.55 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. GOGL is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, GOGL is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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GOGL 2.91 | Peers 4.20 | GOGL -20.45 | Peers 15.49 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. GOGL is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. GOGL significantly trails its peers on the basis of sales growth. |
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