Golden Ocean Current Valuation vs. Shares Outstanding

GOGL Stock  USD 9.81  0.14  1.41%   
Considering Golden Ocean's profitability and operating efficiency indicators, Golden Ocean's profitability may be sliding down. It has an above-average risk of reporting lower numbers next quarter. Profitability indicators assess Golden Ocean's ability to earn profits and add value for shareholders. At this time, Golden Ocean's Price Sales Ratio is quite stable compared to the past year. At this time, Golden Ocean's Interest Income is quite stable compared to the past year. Income Quality is expected to rise to 2.49 this year, although the value of Net Income From Continuing Ops will most likely fall to about 76.5 M.
For Golden Ocean profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Golden Ocean to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Golden Ocean Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Golden Ocean's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Golden Ocean Group over time as well as its relative position and ranking within its peers.
  

Golden Ocean's Revenue Breakdown by Earning Segment

Check out Risk vs Return Analysis.
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
4.871
Quarterly Revenue Growth
0.172
Return On Assets
0.0541
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.

Golden Ocean Group Shares Outstanding vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Golden Ocean's current stock value. Our valuation model uses many indicators to compare Golden Ocean value to that of its competitors to determine the firm's financial worth.
Golden Ocean Group is rated as one of the top companies in current valuation category among its peers. It also is one of the top stocks in shares outstanding category among its peers creating about  0.06  of Shares Outstanding per Current Valuation. The ratio of Current Valuation to Shares Outstanding for Golden Ocean Group is roughly  16.39 . Common Stock Shares Outstanding is expected to rise to about 210.5 M this year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Golden Ocean by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Golden Current Valuation vs. Competition

Golden Ocean Group is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is currently estimated at about 17.3 Billion. Golden Ocean retains roughly 3.28 Billion in current valuation claiming about 19% of equities under Industrials industry.

Golden Shares Outstanding vs. Current Valuation

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Golden Ocean

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
3.28 B
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Golden Ocean

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
200.03 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Golden Shares Outstanding Comparison

Golden Ocean is currently under evaluation in shares outstanding category among its peers.

Golden Ocean Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Golden Ocean, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Golden Ocean will eventually generate negative long term returns. The profitability progress is the general direction of Golden Ocean's change in net profit over the period of time. It can combine multiple indicators of Golden Ocean, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Operating Income188.6 M198 M
Income Before Tax112.8 M118.4 M
Total Other Income Expense Net-75.8 M-72 M
Net Income112.3 M117.9 M
Income Tax Expense541 K568 K
Net Income Applicable To Common Shares531.1 M557.7 M
Net Income From Continuing Ops123 M76.5 M
Interest Income4.8 M5.7 M
Net Interest Income-89.5 M-93.9 M
Change To Netincome-103.4 M-98.2 M
Net Income Per Share 0.56  0.53 
Income Quality 2.37  2.49 
Net Income Per E B T 1.00  0.90 

Golden Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Golden Ocean. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Golden Ocean position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Golden Ocean's important profitability drivers and their relationship over time.

Use Golden Ocean in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Golden Ocean position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Golden Ocean will appreciate offsetting losses from the drop in the long position's value.

Golden Ocean Pair Trading

Golden Ocean Group Pair Trading Analysis

The ability to find closely correlated positions to Golden Ocean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Ocean when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Golden Ocean - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Golden Ocean Group to buy it.
The correlation of Golden Ocean is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Ocean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Ocean Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Golden Ocean can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Golden Ocean position

In addition to having Golden Ocean in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Food Products Thematic Idea Now

Food Products
Food Products Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Food Products theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Food Products Theme or any other thematic opportunities.
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When determining whether Golden Ocean Group is a strong investment it is important to analyze Golden Ocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Golden Ocean's future performance. For an informed investment choice regarding Golden Stock, refer to the following important reports:
Check out Risk vs Return Analysis.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
To fully project Golden Ocean's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Golden Ocean Group at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Golden Ocean's income statement, its balance sheet, and the statement of cash flows.
Potential Golden Ocean investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Golden Ocean investors may work on each financial statement separately, they are all related. The changes in Golden Ocean's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Golden Ocean's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.