Golden Ocean Group Ltd chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 6.16
Dividend & Yield2.35$ (26.64%)
Beta 1.37
Market capitalization 1.67B
Operating cash flow 596.94M
ESG Scores unknown

Company description

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.

Sector: Industrials - Industry: Marine Shipping

Financial Ratios
Quick Ratio1.31
Working Capital4.35
Return On Equity0.27
Debt To Equity0.6
Fixed Asset Ratio0.25
Fixed Interest Cover17.85

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 2.35M 4.65M 6M -11.94M
Total Cashflows From Investing Activities -141.19M -73.05M -19.15M -390.02M
Net Borrowings 22.97M -236.99M -99.6M -163.16M
Total Cash From Financing Activities -44.73M -294.74M -109.63M -135.46M
Change To Operating Activities -6.95M 12.39M -776k -1.13M
Issuance Of Stock 304k 1.1M 169k 352.86M
Net Income 84.53M 37.19M -137.67M 527.22M
Change In Cash 621k -209.36M 11.86M 34.91M
Effect Of Exchange Rate
Total Cash From Operating Activities 186.55M 158.43M 140.64M 560.4M
Depreciation 110.21M 113.39M 131.49M 131.8M
Change To Account Receivables -4.76M -18.24M 22.9M -6.13M
Other Cashflows From Financing Activities -1.2M -6.73M -3.04M -4.47M
Change To Netincome 7.67M 7.05M 112.86M -63.87M
Capital Expenditures -158.24M -44.12M -25.27M -445M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 84.77M 37.43M -137.54M 527.61M
Net Income 84.53M 37.19M -137.67M 527.22M
Selling General Administrative 14.71M 14.12M 13.72M 18.15M
Gross Profit 252.69M 208.62M 158.32M 649.86M
Ebit 145.83M 100.66M 33.29M 508.01M
Operating Income 145.83M 100.66M 33.29M 508.01M
Interest Expense -69.55M -70.5M -72.38M -28.46M
Income Tax Expense 232k 237k 131k 389k
Total Revenue 659.06M 704.63M 610.91M 1.2B
Cost Of Revenue 406.38M 496M 452.59M 551.32M
Total Other Income ExpenseNet -61.07M -63.23M -170.83M 19.6M
Net Income From Continuing Ops 84.53M 37.19M -137.67M 527.22M
Net Income Applicable To Common Shares 84.53M 37.19M -137.67M 527.22M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.43B 1.45B 1.35B 1.53B
Total Stockholder Equity 1.52B 1.51B 1.37B 1.93B
Other Current Liabilities 29.22M 46.7M 32.55M 50.94M
Total Assets 2.95B 2.97B 2.72B 3.45B
Common Stock 7.21M 7.21M 7.21M 10.06M
Other Current Assets 46.37M 35.64M 31.59M 34.34M
Retained Earnings -267.74M -228.7M -366.72M 160.06M
Treasury Stock -2.64M -5.67M -5.39M -4.31M
Cash 305.35M 153.06M 153.09M 197.03M
Total Current Liabilities 541.5M 233.37M 241.68M 248.07M
Other Stockholder Equity
Property, Plant, and Equipment 2.41B 2.59B 2.4B 3.03B
Total Current Assets 461.23M 331.94M 284.53M 369.39M
Net Tangible Assets 1.51B 1.51B 1.37B 1.93B
Net Receivables 57.77M 93.24M 60.55M 81.9M
Accounts Payable 7.75M 12.4M 18.4M 6.46M


Insider Transactions

Here are the insider transactions of stock shares related to Golden Ocean Group Ltd:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Golden Ocean Group Ltd. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Golden Ocean Group Ltd

Here is the result of two systematic investment strategies applied to Golden Ocean Group Ltd. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Golden Ocean Group Ltd

The following chart shows the equity curve of the two systematic investment strategies applied to Golden Ocean Group Ltd:

Golden Ocean Group Ltd automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 70.48% on the backtest period.

Performance at glance

Performance

70.48 %

Latent gain

1229.41 $

Invested capital

1744.38 $

Annualized return

17.19 %
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Momentum strategy results on Golden Ocean Group Ltd

This is the result of two momentum investment strategies applied to Golden Ocean Group Ltd. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Golden Ocean Group Ltd

The following chart shows all the entries opened by the momentum investment system on Golden Ocean Group Ltd:

Golden Ocean Group Ltd momentum entries
  • The first momentum investment strategy would give 66.41% of return on Golden Ocean Group Ltd. That represents 3314.07$ of latent gain with 4990.26$ of employed capital.
  • The second momentum investment strategy would give 68.8% of return on Golden Ocean Group Ltd. That represents 2923.52$ of latent gain with 4249.57$ of employed capital.
Performance at glance (1Q Momentum)

Performance

66.41 %

Latent gain

3314.07 $

Invested capital

4990.26 $

Annualized return

65.95 %
Performance at glance (2Q Momentum)

Performance

68.8 %

Latent gain

2923.52 $

Invested capital

4249.57 $

Annualized return

19.01 %

Momentum equity curve on Golden Ocean Group Ltd

The following chart shows the equity curve of the two momentum strategies applied to Golden Ocean Group Ltd:

Golden Ocean Group Ltd momentum equity

Note: the dividends potentially given by Golden Ocean Group Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Golden Ocean Group Ltd

The following chart shows the employed capital evolution of the two momentum strategies on Golden Ocean Group Ltd since the beginning:

Golden Ocean Group Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Golden Ocean Group Ltd

Buy the dip entry openings on Golden Ocean Group Ltd

Golden Ocean Group Ltd

The performance achieved by the robo-advisor on Golden Ocean Group Ltd is 138.5%. That represents 696.74$ of latent gain with 503.06$ of employed capital. The following chart shows Golden Ocean Group Ltd stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Golden Ocean Group Ltd, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

138.5 %

Latent gain

696.74 $

Invested capital

503.06 $

Annualized return

65.95 %

Equity curve of the strategy applied to Golden Ocean Group Ltd

The following chart shows the result of the investment strategy applied to Golden Ocean Group Ltd:

Golden Ocean Group Ltd

Note: the dividends potentially given by Golden Ocean Group Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Golden Ocean Group Ltd

The following chart shows the employed capital evolution since the beginning of the investment strategy on Golden Ocean Group Ltd:

Golden Ocean Group Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Golden Ocean Group Ltd

In this section, I will compare the three previous investment strategies applied to Golden Ocean Group Ltd.

Equity curve comparison on Golden Ocean Group Ltd

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Golden Ocean Group Ltd investment strategy comparison

Employed capital comparison on Golden Ocean Group Ltd

Golden Ocean Group Ltd investment comparison

Performance comparison on Golden Ocean Group Ltd

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 70.48% 1229.41$ 1744.38$ 17.19%
Momentum 1 quarter 66.41% 3314.07$ 4990.26$ 17.2%
Momentum 2 quarters 68.8% 2923.52$ 4249.57$ 19.01%
Non-directional 138.5% 696.74$ 503.06$ 65.95%
Annualized return comparison

Automatic investment

17.19 %

Momentum 1Q

19.01 %

Momentum 2Q

19.01 %

Non-directional

65.95 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Golden Ocean Group Ltd:

Positive correlations

Most correlated stocks this year

  • Golden Ocean Group Ltd

  • Most correlated stocks last 3 months

  • Golden Ocean Group Ltd
  • YOUNG & COS BREWERY PLC A ORD 12.5P

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • CHINAHEALTHWISE
  • SHANGHAI FUDAN
  • CGS

  • Note: The algorithm computes the probability of correlation between Golden Ocean Group Ltd and the other stocks. There may be false positives or some missing correlated stocks. If the price of Golden Ocean Group Ltd does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Golden Ocean Group Ltd
    Country Bermuda
    City Hamilton
    Address Par-la-Ville Place
    Phone
    Website www.goldenocean.bm
    FullTime employees 37
    Industry Marine Shipping
    Sector Industrials
    Exchange XNAS
    Ticker GOGL
    Market www.nasdaq.com

    Golden Ocean Group Ltd ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown