Golden Ocean Group (NASDAQ:GOGL) Takes On Some Risk With Its Use Of Debt
Oct 27
U.S. Marine and Shipping Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies36
- 7D-3.4%
- 3M-10.6%
- 1Y-8.2%
- YTD-1.1%
Over the last 7 days, the Marine and Shipping industry has dropped 3.4%, driven by Kirby declining 8.2%. On the other hand Matson is actually up 5.9%. However, the industry is down 8.2% over the past year. Looking forward, earnings are forecast to decline by 1.7% per year.
Industry Valuation and Performance
Has the U.S. Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | US$18.7b | US$24.0b | US$5.1b | 3.2x | 3.7x | 0.8x |
| Thu, 28 Sep 2023 | US$19.9b | US$24.9b | US$5.2b | 3.3x | 3.8x | 0.8x |
| Sat, 26 Aug 2023 | US$19.5b | US$25.1b | US$5.4b | 2.6x | 3.6x | 0.8x |
| Mon, 24 Jul 2023 | US$20.1b | US$27.9b | US$7.5b | 2.5x | 2.7x | 0.7x |
| Wed, 21 Jun 2023 | US$19.6b | US$27.9b | US$7.5b | 2.7x | 2.6x | 0.7x |
| Fri, 19 May 2023 | US$20.0b | US$30.3b | US$9.4b | 2.8x | 2.1x | 0.7x |
| Sun, 16 Apr 2023 | US$21.1b | US$31.0b | US$10.1b | 2.6x | 2.1x | 0.7x |
| Tue, 14 Mar 2023 | US$20.6b | US$32.7b | US$11.5b | 2.4x | 1.8x | 0.6x |
| Thu, 09 Feb 2023 | US$22.2b | US$33.5b | US$12.3b | 2.5x | 1.8x | 0.7x |
| Sat, 07 Jan 2023 | US$19.6b | US$33.2b | US$12.3b | 2.2x | 1.6x | 0.6x |
| Mon, 05 Dec 2022 | US$20.2b | US$33.2b | US$12.3b | 2.2x | 1.6x | 0.6x |
| Wed, 02 Nov 2022 | US$21.3b | US$32.2b | US$12.8b | 2.1x | 1.7x | 0.7x |
| Fri, 30 Sep 2022 | US$18.9b | US$32.1b | US$12.5b | 1.8x | 1.5x | 0.6x |
| Sun, 28 Aug 2022 | US$24.6b | US$32.1b | US$12.5b | 2.1x | 2x | 0.8x |
| Tue, 26 Jul 2022 | US$25.7b | US$29.5b | US$11.6b | 2.7x | 2.2x | 0.9x |
| Thu, 23 Jun 2022 | US$25.1b | US$29.5b | US$11.6b | 2.6x | 2.2x | 0.8x |
| Sat, 21 May 2022 | US$31.5b | US$29.2b | US$11.4b | 3.5x | 2.8x | 1.1x |
| Mon, 18 Apr 2022 | US$34.2b | US$27.3b | US$10.1b | 4.4x | 3.4x | 1.3x |
| Wed, 16 Mar 2022 | US$38.0b | US$27.4b | US$10.0b | 4.2x | 3.8x | 1.4x |
| Fri, 11 Feb 2022 | US$35.3b | US$23.3b | US$6.5b | 6.6x | 5.5x | 1.5x |
| Sun, 09 Jan 2022 | US$30.5b | US$23.1b | US$6.3b | 5.9x | 4.8x | 1.3x |
| Tue, 07 Dec 2021 | US$29.5b | US$23.1b | US$6.3b | 5.7x | 4.7x | 1.3x |
| Thu, 04 Nov 2021 | US$29.8b | US$19.3b | US$3.6b | 9.5x | 8.3x | 1.6x |
| Sat, 02 Oct 2021 | US$31.0b | US$19.0b | US$3.8b | 12.1x | 8.2x | 1.6x |
| Mon, 30 Aug 2021 | US$30.7b | US$19.4b | US$3.5b | 12.1x | 8.9x | 1.6x |
| Tue, 06 Jul 2021 | US$28.0b | US$19.4b | US$3.5b | 11.3x | 8.1x | 1.4x |
| Fri, 09 Apr 2021 | US$21.5b | US$16.5b | US$1.3b | 16.3x | 16.9x | 1.3x |
| Thu, 31 Dec 2020 | US$13.1b | US$11.3b | -US$1,477,292,013.00 | 9.9x | -8.9x | 1.2x |
Price to Earnings Ratio
-10x
Current Industry PE
- Investors are optimistic on the American Shipping industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 3.7x which is higher than its 3-year average PE of 2.9x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.78x.
Past Earnings Growth
- Total earnings for the Shipping industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 28% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | -2.42% | |
| Industrials | -2.64% | |
| Marine and Shipping | -3.36% | |
| Marine | -3.36% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MATX Matson | US$90.43 | 5.9% +US$178.9m | 22.9% | PE10.4x | |
| DAC Danaos | US$66.82 | 1.5% +US$19.2m | 17.8% | PE2.6x | |
| GRIN Grindrod Shipping Holdings | US$9.33 | 3.9% +US$6.8m | -63.9% | PE9.7x | |
| TORO Toro | US$4.10 | 2.2% +US$1.6m | n/a | PE0.6x | |
| GSL Global Ship Lease | US$17.74 | 0.2% +US$1.4m | 3.7% | PE2x |