$10.96
1.13% today
Nasdaq, Nov 26, 05:19 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 $14.93
Price $11.08
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 $14.93. 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 $ 885.77 790.62
20.45% 10.74%
EBITDA Margin 36.89% 61.28%
22.67% 66.12%
Net Margin 12.65% 33.36%
69.39% 163.79%

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

$791m
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. This is
18.72% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$820m 15.70%
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, the lowest is
$755m 22.38%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $886m 20.45%
2024
$791m 10.74%
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2025
$849m 7.35%
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2026
$910m 7.17%
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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

$484m
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. This is
9.79% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$520m 17.84%
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, the lowest is
$448m 1.50%
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.

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

EBITDA Estimates

2023 $327m 38.48%
2024
$484m 48.27%
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2025
$559m 15.33%
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2026
$635m 13.68%
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2027
$595m 6.31%
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EBITDA Margin

2023 36.89% 22.67%
2024
61.28% 66.12%
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2025
65.83% 7.42%
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2026
69.83% 6.08%
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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

$264m
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. This is
23.22% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$298m 39.25%
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, the lowest is
$224m 4.67%
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.

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

Net Profit Estimates

2023 $112m 75.65%
2024
$264m 135.45%
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2025
$350m 32.68%
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2026
$445m 27.13%
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Net Margin

2023 12.65% 69.39%
2024
33.36% 163.79%
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2025
41.23% 23.59%
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2026
48.91% 18.63%
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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 1.32
75.65% 135.71%
P/E 8.40
EV/Sales 4.47

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

$1.32
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. This is
23.36% 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
$1.49 39.25%
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, the lowest is
$1.12 4.67%
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.

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

Earnings Per Share

2023 $0.56 75.65%
2024
$1.32 135.71%
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2025
$1.75 32.58%
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2026
$2.22 26.86%
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P/E ratio

Current 10.34 30.56%
2024
8.40 18.76%
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2025
6.33 24.64%
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2026
4.98 21.33%
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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 3.64 1.62%
2024
4.47 22.92%
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2025
4.17 6.85%
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2026
3.89 6.69%
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P/S ratio

Current 2.28 10.10%
2024
2.80 23.03%
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2025
2.61 6.85%
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2026
2.44 6.69%
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