Golden Ocean Group Limited (NASDAQ: GOGL) is one of 25 public companies in the “Deep Sea Freight” industry, but how does it weigh in compared to its competitors? We will compare Golden Ocean Group Limited to similar businesses based on the strength of its earnings, risk, dividends, analyst recommendations, institutional ownership, profitability and valuation.

Insider & Institutional 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 insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current ratings for Golden Ocean Group Limited and its competitors, as provided by MarketBeat.com.

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 198 609 654 13 2.33

Golden Ocean Group Limited presently has a consensus price target of $11.33, suggesting a potential upside of 44.56%. As a group, “Deep Sea Freight” companies have a potential upside of 37.48%. Given Golden Ocean Group Limited’s stronger consensus rating and higher possible upside, research analysts plainly believe Golden Ocean Group Limited is more favorable than its competitors.

Valuation & Earnings

This table compares Golden Ocean Group Limited and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Golden Ocean Group Limited $339.88 million $79.55 million -17.04
Golden Ocean Group Limited Competitors $229.07 million $92.01 million -2.51

Golden Ocean Group Limited has higher revenue, but lower earnings than its competitors. Golden Ocean Group Limited is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Golden Ocean Group Limited and its competitors’ 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 -97.31% -16.32% -5.74%

Risk and Volatility

Golden Ocean Group Limited has a beta of 2.36, suggesting that its stock price is 136% more volatile than the S&P 500. Comparatively, Golden Ocean Group Limited’s competitors have a beta of 2.06, suggesting that their average stock price is 106% more volatile than the S&P 500.

Summary

Golden Ocean Group Limited beats its competitors on 8 of the 12 factors compared.

Golden Ocean Group Limited Company Profile

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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