Golden Ocean Group Limited (GOGL) vs. Its Rivals Head-To-Head Analysis
Golden Ocean Group Limited (NASDAQ: GOGL) is one of 25 publicly-traded companies in the “Deep Sea Freight” industry, but how does it contrast to its peers? We will compare Golden Ocean Group Limited to related companies based on the strength of its profitability, analyst recommendations, institutional ownership, dividends, valuation, earnings and risk.
This table compares Golden Ocean Group Limited and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Golden Ocean Group Limited||-14.69%||-3.91%||-2.02%|
|Golden Ocean Group Limited Competitors||-97.12%||-16.37%||-5.76%|
Institutional and Insider Ownership
10.5% of Golden Ocean Group Limited shares are held by institutional investors. Comparatively, 66.3% of shares of all “Deep Sea Freight” companies are held by institutional investors. 2.9% of shares of all “Deep Sea Freight” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Valuation & Earnings
This table compares Golden Ocean Group Limited and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Golden Ocean Group Limited||$339.88 million||$79.55 million||-17.87|
|Golden Ocean Group Limited Competitors||$229.07 million||$92.49 million||-2.73|
Golden Ocean Group Limited has higher revenue, but lower earnings than its peers. Golden Ocean Group Limited is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Volatility and Risk
Golden Ocean Group Limited has a beta of 2.33, indicating that its stock price is 133% more volatile than the S&P 500. Comparatively, Golden Ocean Group Limited’s peers have a beta of 2.04, indicating that their average stock price is 104% more volatile than the S&P 500.
This is a summary of recent recommendations and price targets for Golden Ocean Group Limited and its peers, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Golden Ocean Group Limited||0||0||6||0||3.00|
|Golden Ocean Group Limited Competitors||141||457||585||5||2.38|
Golden Ocean Group Limited currently has a consensus price target of $11.33, indicating a potential upside of 37.88%. As a group, “Deep Sea Freight” companies have a potential upside of 32.84%. Given Golden Ocean Group Limited’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Golden Ocean Group Limited is more favorable than its peers.
Golden Ocean Group Limited beats its peers on 8 of the 12 factors compared.
About Golden Ocean Group Limited
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers. Its fleet includes owned vessels, bareboat vessels, chartered vessels, commercial management vessels and newbuildings. It owns over 40 dry bulk carriers and has contracts for over 20 newbuildings. It also has over 10 vessels chartered-in (of which over eight are chartered in from Ship Finance and over five are chartered in from third parties) and over one vessel chartered-in through a joint venture. Approximately six of the vessels are chartered-out on fixed rate time charters and the other operates in the spot market or fixed on index-linked time charter contracts.
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