Golden Ocean Group Limited engages in the transportation of dry bulk cargoes in the Capesize and Panamax markets. The company transports ores, coal, grains, and fertilizers along worldwide shipping routes. The company was founded in 2004 and is based in Hamilton, Bermuda.
GOGL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for GOGL, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Golden Ocean Group Ltd ranked in the 78th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 447.83% on a DCF basis. The most interesting components of our discounted cash flow analysis for Golden Ocean Group Ltd ended up being:
31% of the company's capital comes from equity, which is greater than merely 11.03% of stocks in our cash flow based forecasting set.
Golden Ocean Group Ltd's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than just 24.06% of US stocks with positive free cash flow.
Relative to other stocks in its sector (Industrials), Golden Ocean Group Ltd has a reliance on debt greater than 88.11% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
FELE, SB, URI, NMM, and APWC can be thought of as valuation peers to GOGL, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
On Tuesday, August 18, 2020, dry bulk shipping giant Golden Ocean Group Limited (GOGL) announced its second quarter 2020 earnings results. The initial headline numbers may have been surprising since few people expected a shipping company to do well with many of the world's economies shut down but Golden Ocean...
Golden Ocean (GOGL): Q2 GAAP EPS of -$0.29 misses by $0.02.Revenue of $116.25M (+0.4% Y/Y) beats by $49.29M.The Company has decided not to pay a dividend for the second quarter of 2020 given the current market environment, as well as the uncertain and evolving nature of near-term expectations.Press Release...
In this article you are going to find out whether hedge funds think Golden Ocean Group Ltd (NASDAQ:GOGL) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus […]