Golden Ocean Group Stock Net Income
| GOGL Stock | USD 8.86 0.13 1.45% |
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 | ||
| Net Income | 129.1 M | 135.6 M | |
| Net Income Applicable To Common Shares | 531.1 M | 557.7 M | |
| Net Income From Continuing Ops | 141.5 M | 76.5 M | |
| Net Income Per Share | 0.65 | 0.61 | |
| Net Income Per E B T | 1.14 | 0.90 |
Golden | Net Income |
Golden Ocean Group Company Net Income Analysis
Golden Ocean's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Golden Ocean Net Income | 112.27 M |
Most of Golden Ocean's fundamental indicators, such as Net Income, 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 Net Income 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 Net Income. 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.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
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Golden Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Golden Ocean Group reported net income of 112.27 M. This is 56.73% lower than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. The net income for all United States stocks is 80.34% higher than that of the company.
Golden Net Income 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 Net Income 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 net income 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 | 887.9M | 835.4M | 664.7M | 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 Ocean Institutional Holders
Institutional Holdings refers to the ownership stake in Golden Ocean that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Golden Ocean's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Golden Ocean's value.| Shares | Voloridge Investment Management, Llc | 2024-09-30 | 1.4 M | Hosking Partners Llp | 2024-09-30 | 1.3 M | Marshall Wace Asset Management Ltd | 2024-09-30 | 1.1 M | Empowered Funds, Llc | 2024-09-30 | 929.8 K | Northern Trust Corp | 2024-09-30 | 863.1 K | Acadian Asset Management Llc | 2024-09-30 | 748.1 K | Goldman Sachs Group Inc | 2024-09-30 | 719.9 K | Mirabella Financial Services Llp | 2024-09-30 | 700 K | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 694.3 K | Folketrygdfondet | 2024-09-30 | 7.5 M | Blackrock Inc | 2024-09-30 | 6.8 M |
Golden Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0541 | ||||
| Profit Margin | 0.22 % | ||||
| Operating Margin | 0.34 % | ||||
| Current Valuation | 3.07 B | ||||
| Shares Outstanding | 199.4 M | ||||
| Shares Owned By Insiders | 39.54 % | ||||
| Shares Owned By Institutions | 38.90 % | ||||
| Number Of Shares Shorted | 4.69 M | ||||
| Price To Earning | 2.55 X | ||||
| Price To Book | 0.92 X | ||||
| Price To Sales | 1.83 X | ||||
| Revenue | 885.77 M | ||||
| Gross Profit | 463.18 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 | 9.63 X | ||||
| Cash Flow From Operations | 266.34 M | ||||
| Short Ratio | 3.33 X | ||||
| Earnings Per Share | 1.21 X | ||||
| Price To Earnings To Growth | 131.35 X | ||||
| Target Price | 13.14 | ||||
| Number Of Employees | 38 | ||||
| Beta | 1.23 | ||||
| Market Capitalization | 1.78 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 | 0.11 % | ||||
| Net Asset | 3.49 B |
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 0.822 | Earnings Share 1.21 | Revenue Per Share | Quarterly Revenue Growth 0.172 | Return On Assets |
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.