$11.88
1.97% today
Nasdaq, Sep 16, 08:17 pm CET
ISIN
BMG396372051
Symbol
GOGL

Golden Ocean Group Ltd Target price 2024 - Analyst rating & recommendation

Golden Ocean Group Ltd Classifications & Recommendation:

Buy
70%
Hold
20%
Sell
10%

Golden Ocean Group Ltd Price Target

Target Price $15.60
Price $11.65
Potential
Number of Estimates 10
10 Analysts have issued a price target Golden Ocean Group Ltd 2025 . The average Golden Ocean Group Ltd target price is $15.60. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 10 analysts: 7 Analysts recommend Golden Ocean Group Ltd to buy, 2 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Golden Ocean Group Ltd stock has an average upside potential 2025 of . Most analysts recommend the Golden Ocean Group Ltd stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 885.77 814.00
20.45% 8.10%
EBITDA Margin 36.89% 62.83%
22.67% 70.32%
Net Margin 12.65% 35.29%
69.39% 179.05%

10 Analysts have issued a sales forecast Golden Ocean Group Ltd 2024 . The average Golden Ocean Group Ltd sales estimate is

$814m
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. This is
16.31% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$847m 12.92%
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, the lowest is
$773m 20.53%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $886m 20.45%
2024
$814m 8.10%
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2025
$866m 6.43%
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2026
$908m 4.76%
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10 Analysts have issued an Golden Ocean Group Ltd EBITDA forecast 2024. The average Golden Ocean Group Ltd EBITDA estimate is

$511m
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. This is
15.89% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$545m 23.50%
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, the lowest is
$465m 5.37%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $327m 38.48%
2024
$511m 56.52%
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2025
$574m 12.28%
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2026
$633m 10.19%
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2027
$595m 5.94%
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EBITDA Margin

2023 36.89% 22.67%
2024
62.83% 70.32%
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2025
66.28% 5.49%
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2026
69.72% 5.19%
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9 Golden Ocean Group Ltd Analysts have issued a net profit forecast 2024. The average Golden Ocean Group Ltd net profit estimate is

$287m
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. This is
34.20% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$316m 47.66%
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, the lowest is
$249m 16.23%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $112m 75.65%
2024
$287m 156.43%
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2025
$372m 29.48%
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2026
$450m 20.92%
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Net Margin

2023 12.65% 69.39%
2024
35.29% 179.05%
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2025
42.93% 21.65%
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2026
49.55% 15.42%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.56 1.44
75.65% 157.14%
P/E 8.11
EV/Sales 4.49

9 Analysts have issued a Golden Ocean Group Ltd forecast for earnings per share. The average Golden Ocean Group Ltd <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.44
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. This is
34.58% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.58 47.66%
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, the lowest is
$1.24 15.89%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.56 75.65%
2024
$1.44 157.14%
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2025
$1.86 29.17%
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2026
$2.25 20.97%
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P/E ratio

Current 10.87 39.54%
2024
8.11 25.39%
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2025
6.27 22.69%
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2026
5.18 17.38%
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Based on analysts' sales estimates for 2024, the Golden Ocean Group Ltd stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.75 24.17%
2024
4.49 19.62%
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2025
4.21 6.04%
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2026
4.02 4.54%
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P/S ratio

Current 2.40 52.25%
2024
2.86 19.49%
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2025
2.69 6.04%
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2026
2.57 4.54%
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