Golden Ocean Group Limited (NASDAQ: GOGL) is one of 26 publicly-traded companies in the “Deep Sea Freight” industry, but how does it weigh in compared to its peers? We will compare Golden Ocean Group Limited to similar companies based on the strength of its valuation, risk, analyst recommendations, profitability, dividends, earnings and institutional ownership.

Earnings & Valuation

This table compares Golden Ocean Group Limited and its peers top-line revenue, earnings per share and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Golden Ocean Group Limited $339.88 million $79.55 million -18.02
Golden Ocean Group Limited Competitors $224.95 million $96.25 million -2.56

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.

Institutional & Insider Ownership

10.5% of Golden Ocean Group Limited shares are held by institutional investors. Comparatively, 56.3% of shares of all “Deep Sea Freight” companies are held by institutional investors. 4.1% 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 will outperform the market over the long term.

Profitability

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 -91.07% -15.83% -5.51%

Analyst Recommendations

This is a summary of recent recommendations and price targets for Golden Ocean Group Limited and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Golden Ocean Group Limited 0 1 6 0 2.86
Golden Ocean Group Limited Competitors 143 473 589 5 2.38

Golden Ocean Group Limited presently has a consensus target price of $11.33, suggesting a potential upside of 36.71%. As a group, “Deep Sea Freight” companies have a potential upside of 28.71%. Given Golden Ocean Group Limited’s stronger consensus rating and higher possible upside, equities analysts plainly believe Golden Ocean Group Limited is more favorable than its peers.

Risk and Volatility

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.

Summary

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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