View Valuation2020 Bulkers 将来の成長Future 基準チェック /062020 Bulkersの収益と利益は、それぞれ年間119.4%と79.8%減少すると予測されています。EPS は年間79.8%で 減少すると予想されています。自己資本利益率は 3 年後に2.3%になると予測されています。主要情報-79.8%収益成長率-79.81%EPS成長率Shipping 収益成長7.2%収益成長率-119.4%将来の株主資本利益率2.30%アナリストカバレッジLow最終更新日06 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Lori Naess was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 182020 Bulkers Ltd. (OB:2020) announces an Equity Buyback.2020 Bulkers Ltd. (OB:2020) announces a share repurchase program. Under the offer the company will repurchase its own shares. The shares may be repurchased at a price of NOK 129.5 per share. The authorization is valid until April 22, 2026.お知らせ • Jan 092020 Bulkers Ltd. Approves Dividend for the Month of December 2025, Payable on or About January 23,20262020 Bulkers Ltd. Approves dividend of USD 0.23 for the month of December 2025. Date of approval: January 8, 2026, Last day including right: January 14, 2026, Ex-date: January 15, 2026, Record date: January 16, 2026, Payment date: On or about January 23, 2026.お知らせ • Dec 042020 Bulkers Ltd., Annual General Meeting, May 12, 20262020 Bulkers Ltd., Annual General Meeting, May 12, 2026.お知らせ • Dec 03+ 4 more updates2020 Bulkers Ltd. to Report Q1, 2026 Results on May 12, 20262020 Bulkers Ltd. announced that they will report Q1, 2026 results on May 12, 2026お知らせ • Jul 102020 Bulkers Ltd. Approves A Dividend for June 2025, Payable On or about July 23, 2025The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.16 per share for June 2025. Date of approval: July 7, 2025. Last day including right: July 14, 2025. Ex-date: July 15, 2025. Record date: July 16, 2025. Payment date: On or about July 23, 2025.お知らせ • Jun 132020 Bulkers Ltd. Approves A Dividend for May 2025, Payable on or About June 25, 2025The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.11 per share for May 2025. Date of approval: June 10, 2025. Last day including right: June 16, 2025. Ex-date: June 17, 2025. Record date: June 18, 2025. Payment date: on or about June 25, 2025.お知らせ • Apr 082020 Bulkers Ltd. Approves A Dividend for March 2025, Payable on or About April 28, 2025The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.06 per share for March 2025. Date of approval: April 7, 2025. Last day including right: April 14, 2025. Ex-date: April 15, 2025. Record date: April 16, 2025. Payment date: On or about April 28, 2025.お知らせ • Feb 122020 Bulkers Ltd. Approves Dividend for January 2025, Payable on or About February 26, 2025The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.03 per share for January 2025. Date of approval: February 11, 2025, Last day including right: February 17, 2025, Ex-date: February 18, 2025, Record date: February 19, 2025 and Payment date: On or about February 26, 2025.お知らせ • Jan 092020 Bulkers Ltd. Approves Dividend for December 2024, Payable on or About January 24, 2025The Board of 2020 Bulkers Ltd. has approved a cash distribution of USD 0.05 per share for December 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval: January 8, 2025, Last day including right: January 15, 2025, Ex-date: January 16, 2025, Record date: January 17, 2025 and Payment date: On or about January 24, 2025.お知らせ • Nov 202020 Bulkers Ltd., Annual General Meeting, May 06, 20252020 Bulkers Ltd., Annual General Meeting, May 06, 2025.お知らせ • Nov 19+ 4 more updates2020 Bulkers Ltd. to Report Q3, 2025 Results on Nov 12, 20252020 Bulkers Ltd. announced that they will report Q3, 2025 results on Nov 12, 2025Declared Dividend • Nov 16Dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 19th November 2024 Payment date: 27th November 2024 Dividend yield will be 27%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 59% over the next 2 years. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: US$0.50 (vs US$0.23 in 3Q 2023)Third quarter 2024 results: EPS: US$0.50 (up from US$0.23 in 3Q 2023). Revenue: US$19.9m (up 34% from 3Q 2023). Net income: US$11.6m (up 123% from 3Q 2023). Profit margin: 58% (up from 35% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.0%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Declared Dividend • Oct 10Dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 17th October 2024 Payment date: 25th October 2024 Dividend yield will be 26%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 69% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.お知らせ • Oct 092020 Bulkers Ltd. Approves Dividend for September 2024, Payable on or About October 25, 20242020 Bulkers Ltd. has approved a dividend of USD 0.20 per share for September 2024. Date of approval: October 07, 2024. Ex-date: October 17, 2024. Record date: October 18, 2024. Payment date: On or about October 25, 2024.Declared Dividend • Sep 13Dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 17th September 2024 Payment date: 25th September 2024 Dividend yield will be 29%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 70% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.お知らせ • Sep 112020 Bulkers Ltd. Approves Dividend for the Month of August 2024, Payable on or About September 25, 20242020 Bulkers Ltd. has approved a dividend of USD 0.17 per share for August 2024. Date of approval: September 10, 2024. Ex-date: September 17, 2024. Record date: September 18, 2024. Payment date: On or about September 25, 2024.Declared Dividend • Aug 19Dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 20th August 2024 Payment date: 28th August 2024 Dividend yield will be 27%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 67% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: US$1.36 (vs US$0.21 in 2Q 2023)Second quarter 2024 results: EPS: US$1.36 (up from US$0.21 in 2Q 2023). Revenue: US$38.9m (up 127% from 2Q 2023). Net income: US$31.1m (up US$26.3m from 2Q 2023). Profit margin: 80% (up from 28% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Aug 142020 Bulkers Ltd. Approves Dividend for July 2024, Payable on or About August 28, 20242020 Bulkers Ltd. approved a dividend of USD 0.20 per share for July 2024. Ex-date: August 20, 2024, Record date: August 21, 2024, Payment date: On or about August 28, 2024.Declared Dividend • Jul 11Dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 17th July 2024 Payment date: 24th July 2024 Dividend yield will be 24%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (7% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 52% over the next 3 years. However, it would need to fall by 92% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jul 092020 Bulkers Ltd. Approves Dividend for June 2024, Payable on or About July 24, 2024The board of 2020 Bulkers Ltd. has approved a dividend of USD 0.20 per share for June 2024. Ex-date is July 16, 2024. Record date is July 17, 2024. Payment date is on or about July 24, 2024.Upcoming Dividend • Jun 14Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 18 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.7%).Declared Dividend • Jun 13Dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 18th June 2024 Payment date: 26th June 2024 Dividend yield will be 22%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (7% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 50% over the next 3 years. However, it would need to fall by 92% to increase the payout ratio to a potentially unsustainable range.New Risk • Jun 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change).Reported Earnings • May 09First quarter 2024 earnings released: EPS: US$1.25 (vs US$0.036 in 1Q 2023)First quarter 2024 results: EPS: US$1.25 (up from US$0.036 in 1Q 2023). Revenue: US$40.5m (up 232% from 1Q 2023). Net income: US$28.5m (up US$27.7m from 1Q 2023). Profit margin: 70% (up from 6.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • May 092020 Bulkers Ltd. Approves Dividend for April 2024, Payable on or About May 24, 2024The board of 2020 Bulkers Ltd. has approved a dividend of USD 0.14 per share for April 2024. Ex-date is May 15, 2024. Record date is May 16, 2024. Payment date is on or about May 24, 2024.Declared Dividend • Apr 15Dividend of US$1.79 announcedShareholders will receive a dividend of US$1.79. Ex-date: 16th April 2024 Payment date: 24th April 2024 Dividend yield will be 20%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but not adequately covered by cash flows (90.5% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 102020 Bulkers Ltd. Approves Special Dividend, Payable on or About April 24, 20242020 Bulkers Ltd. Board of Directors have approved a special dividend of USD 1.68 per share (USD 38,423,122 in total). Date of approval is April 8, 2024; Last day including right is April 15, 2024; Ex-date is April 16, 2024; Record date is April 17, 2024; Payment date is On or about April 24, 2024.お知らせ • Apr 092020 Bulkers Ltd. Approves Dividend for March 2024, Payable on or About April 24, 20242020 Bulkers Ltd. Board has approved dividend for March 2024 consists of a dividend of USD 0.11 per share based on earnings for March 2024. Date of approval is April 8, 2024; Last day including right is April 15, 2024; Ex-date is April 16, 2024; Record date is April 17, 2024; Payment date is On or about April 24, 2024.Declared Dividend • Mar 15Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 19th March 2024 Payment date: 26th March 2024 Dividend yield will be 7.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but not adequately covered by cash flows (90.5% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 13Full year 2023 earnings released: EPS: US$1.13 (vs US$1.44 in FY 2022)Full year 2023 results: EPS: US$1.13 (down from US$1.44 in FY 2022). Revenue: US$70.8m (down 7.0% from FY 2022). Net income: US$25.6m (down 20% from FY 2022). Profit margin: 36% (down from 42% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Mar 07+ 1 more update2020 Bulkers Ltd. Approves Dividend for the Month of February 2024, Payable on or About March 26, 2024The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.10 per share for February 2024. Ex-date: March 19, 2024. Record date: March 20, 2024. Payment date: On or about March 26, 2024.Upcoming Dividend • Feb 14Upcoming dividend of US$0.10 per share at 12% yieldEligible shareholders must have bought the stock before 21 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (5.1%). Lower than average of industry peers (17%).Reported Earnings • Feb 12Full year 2023 earnings released: EPS: US$1.13 (vs US$1.44 in FY 2022)Full year 2023 results: EPS: US$1.13 (down from US$1.44 in FY 2022). Revenue: US$69.7m (down 8.4% from FY 2022). Net income: US$25.6m (down 20% from FY 2022). Profit margin: 37% (down from 42% in FY 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.Declared Dividend • Feb 09Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 21st February 2024 Payment date: 29th February 2024 Dividend yield will be 7.2%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 105% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 072020 Bulkers Ltd. Approves Dividend for the Month of January 2024, Payable on or About February 29, 20242020 Bulkers Ltd. announced that Board has approved a dividend of USD 0.10 per share for January 2024. Ex-date is February 21, 2024. Record date is February 22, 2024. Payment date is On or about February 29, 2024.Upcoming Dividend • Jan 16Upcoming dividend of US$0.21 per share at 10% yieldEligible shareholders must have bought the stock before 23 January 2024. Payment date: 31 January 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (17%).Recent Insider Transactions • Jan 10Independent Director recently sold €293k worth of stockOn the 5th of January, A. Blankenship sold around 25k shares on-market at roughly €11.71 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €312k. Insiders have been net sellers, collectively disposing of €605k more than they bought in the last 12 months.お知らせ • Jan 092020 Bulkers Ltd. Approves Dividend for December 2023, Payable on or about January 31, 2024The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.21 per share for December 2023. Ex-date is January 23, 2024. Record date is January 24, 2024. Payment date is on or about January 31, 2024.お知らせ • Dec 082020 Bulkers Ltd. Approves Cash Distribution. Payable on or About January 4, 2024The Board of 2020 Bulkers Ltd. has approved a cash distribution of USD 0.18 per share for November 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: December 21, 2023. Record date: December 22, 2023. Payment date: On or about January 4, 2024.Recent Insider Transactions • Dec 07Independent Director recently sold €312k worth of stockOn the 1st of December, A. Blankenship sold around 30k shares on-market at roughly €10.39 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €212k more than they bought in the last 12 months.Upcoming Dividend • Nov 14Upcoming dividend of US$0.20 per share at 14% yieldEligible shareholders must have bought the stock before 21 November 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 14%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (22%).Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.23 (vs US$0.33 in 3Q 2022)Third quarter 2023 results: EPS: US$0.23 (down from US$0.33 in 3Q 2022). Revenue: US$17.0m (down 9.1% from 3Q 2022). Net income: US$5.20m (down 29% from 3Q 2022). Profit margin: 31% (down from 39% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 082020 Bulkers Ltd. Approves Cash Distribution for October 2023, Payable on or About November 30, 20232020 Bulkers Ltd. approved a cash distribution of USD 0.2 per share for October 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date is November 21, 2023, Record date is November 22, 2023 and payment date On or about November 30, 2023.Upcoming Dividend • Oct 18Upcoming dividend of US$0.05 per share at 14% yieldEligible shareholders must have bought the stock before 24 October 2023. Payment date: 31 October 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 14%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (18%).お知らせ • Oct 102020 Bulkers Ltd. Approves Cash Distribution for September 2023, Payable on or About October 31, 20232020 Bulkers Ltd. announced the board has approved a cash distribution of USD 0.05 per share for September 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is October 9, 2023. Last day including right is October 23, 2023. Ex-date is October 24, 2023. Record date is October 25, 2023. Payment date is on or about October 31, 2023.Upcoming Dividend • Sep 14Upcoming dividend of US$0.03 per share at 16% yieldEligible shareholders must have bought the stock before 20 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (18%).お知らせ • Sep 082020 Bulkers Ltd. Approves Cash Distribution for August 2023, Payable on or about September 29, 20232020 Bulkers Ltd. announced that the Board has approved a cash distribution of USD 0.03 per share for August 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: September 20, 2023. Record date: September 21, 2023. Payment date: On or about September 29, 2023.New Risk • Aug 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 144% Cash payout ratio: 100% Dividend yield: 15% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Cash payout ratio: 100% Minor Risk Profit margins are more than 30% lower than last year (30% net profit margin).New Risk • Aug 17New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Profit margins are more than 30% lower than last year (30% net profit margin).Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: US$0.21 (vs US$0.54 in 2Q 2022)Second quarter 2023 results: EPS: US$0.21 (down from US$0.54 in 2Q 2022). Revenue: US$17.1m (down 27% from 2Q 2022). Net income: US$4.80m (down 60% from 2Q 2022). Profit margin: 28% (down from 52% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 15Upcoming dividend of US$0.04 per share at 14% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 31 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 14%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%).お知らせ • Aug 092020 Bulkers Ltd. Approves Cash Distribution for July 2023, Payable on or About August 31, 20232020 Bulkers Ltd. announced that Board has approved a cash distribution of USD 0.04 per share for July 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is August 7, 2023. Last day including right is August 21, 2023. Ex-date is August 22, 2023. Record date is August 23, 2023. Payment date is On or about On or about August 31, 2023.Upcoming Dividend • Jul 14Upcoming dividend of US$0.04 per share at 13% yieldEligible shareholders must have bought the stock before 21 July 2023. Payment date: 31 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 13%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (16%).お知らせ • Jul 122020 Bulkers Ltd. Has Approves Cash Distribution for June 2023, Payable on or About July 31, 20232020 Bulkers Ltd. has approved a cash distribution of USD 0.04 per share for June 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is July 10, 2023. Last day including right is July 20, 2023. Ex-date is July 21, 2023. Record date is July 24, 2023. Payment date is On or about July 31, 2023.Upcoming Dividend • Jun 15Upcoming dividend of US$0.08 per share at 14% yieldEligible shareholders must have bought the stock before 22 June 2023. Payment date: 30 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 14%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (18%).お知らせ • Jun 092020 Bulkers Ltd. Approves Cash Distribution for May 2023, Payable on or About June 30, 2023The Board of 2020 Bulkers Ltd. has approved a cash distribution of $0.08 per share for May 2023. The distribution will be made from the Company's ContributedSurplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval: June 7, 2023. Ex-date: June 22, 2023. Record date: June 23, 2023. Payment date: On or about June 30, 2023.Upcoming Dividend • May 16Upcoming dividend of US$0.07 per share at 13% yieldEligible shareholders must have bought the stock before 23 May 2023. Payment date: 31 May 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 13%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%).Reported Earnings • May 10First quarter 2023 earnings released: EPS: US$0.04 (vs US$0.27 in 1Q 2022)First quarter 2023 results: EPS: US$0.04 (down from US$0.27 in 1Q 2022). Revenue: US$12.6m (down 25% from 1Q 2022). Net income: US$800.0k (down 86% from 1Q 2022). Profit margin: 6.3% (down from 35% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.お知らせ • May 102020 Bulkers Ltd. Approves \Cash Distribution for April 2023, Payable on or About May 31, 20232020 Bulkers Ltd. announced that Board has approved a cash distribution of USD 0.07 per share for April 2023. Date of approval is May 9, 2023. Ex-date is May 23, 2023. Record date is May 24, 2023. Payment date: On or about May 31, 2023.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.71, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 227% over the past three years.Reported Earnings • Mar 20Full year 2022 earnings released: EPS: US$1.44 (vs US$3.19 in FY 2021)Full year 2022 results: EPS: US$1.44 (down from US$3.19 in FY 2021). Revenue: US$76.1m (down 33% from FY 2021). Net income: US$31.9m (down 55% from FY 2021). Profit margin: 42% (down from 62% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 14Upcoming dividend of US$0.01 per share at 14% yieldEligible shareholders must have bought the stock before 21 March 2023. Payment date: 30 March 2023. Payout ratio and cash payout ratio are on the higher end at 94% and 85% respectively. Trailing yield: 14%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (14%).Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.66, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 130% over the past three years.Upcoming Dividend • Feb 13Upcoming dividend of US$0.01 per share at 14% yieldEligible shareholders must have bought the stock before 20 February 2023. Payment date: 28 February 2023. Payout ratio and cash payout ratio are on the higher end at 94% and 85% respectively. Trailing yield: 14%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (14%).Reported Earnings • Feb 10Full year 2022 earnings releasedFull year 2022 results: Net income: US$31.9m (down 55% from FY 2021). Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 082020 Bulkers Ltd. Approves Cash Distribution for January 2023, Payable on or About February 28, 2023The Board of 2020 Bulkers Ltd. approved a cash distribution of USD 0.01 per share for January 2023. The distribution will be made from the company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: February 20, 2023. Record date: February 21, 2023. Payment date: On or about February 28, 2023..Board Change • Feb 02Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 20Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 102020 Bulkers Ltd. Announces Cash Distribution for December 2022, Payable on or About January 31, 2023The Board of 2020 Bulkers Ltd. approved a cash distribution of USD 0.09 per share for December 2022. The distribution will be made from the company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: January 20, 2023. Record date: January 23, 2023. Payment date: On or about January 31, 2023.お知らせ • Dec 31+ 5 more updates2020 Bulkers Ltd. to Report Q3, 2023 Results on Nov 08, 20232020 Bulkers Ltd. announced that they will report Q3, 2023 results on Nov 08, 2023Recent Insider Transactions • Dec 27Chief Financial Officer recently bought €100k worth of stockOn the 19th of December, Vidar Hasund bought around 12k shares on-market at roughly €8.33 per share. This transaction increased Vidar's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Vidar's only on-market trade for the last 12 months.Upcoming Dividend • Dec 13Upcoming dividend of US$0.08 per shareEligible shareholders must have bought the stock before 20 December 2022. Payment date: 30 December 2022. Payout ratio and cash payout ratio are on the higher end at 98% and 98% respectively. Trailing yield: 30%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (12%).お知らせ • Dec 082020 Bulkers Ltd. Approves Cash Distribution for November 2022, Payable on or About December 30, 20222020 Bulkers Ltd. announced that its board has approved a cash distribution of USD 0.08 per share for November 2022. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is December 7, 2022. Last day including right is December 19, 2022. Ex-date is December 20, 2022. Record date is December 21, 2022. Payment date is on or about December 30, 2022.Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: US$0.33 (vs US$0.97 in 3Q 2021)Third quarter 2022 results: EPS: US$0.33 (down from US$0.97 in 3Q 2021). Revenue: US$18.7m (down 40% from 3Q 2021). Net income: US$7.30m (down 66% from 3Q 2021). Profit margin: 39% (down from 69% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Nov 092020 Bulkers Ltd. Declares Cash Distribution for the Month of October 2022, Payable on or About November 30, 20222020 Bulkers Ltd. announced that The Board has approved a cash distribution of USD 0.10 per share for October 2022. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is November 8, 2022. Ex-date is November 21, 2022. Record date is November 22, 2022. Payment date is On or about November 30, 2022.Valuation Update With 7 Day Price Move • Oct 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €7.47, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 31% over the past three years.お知らせ • Oct 112020 Bulkers Ltd. Approves Cash Distribution for the Month of September 2022, Payable on or About October 28, 20222020 Bulkers Ltd.'s Board has approved a cash distribution of USD 0.06 per share for September 2022. The distribution will be made from the company's Contributed Surplus account which consists of previously paid in share premium transferred from the company's Share Premium account. Ex-date is October 20, 2022. Record date is October 21, 2022. Payable on or about October 28, 2022.Upcoming Dividend • Sep 13Upcoming dividend of US$0.06 per shareEligible shareholders must have bought the stock before 20 September 2022. Payment date: 29 September 2022. Payout ratio and cash payout ratio are on the higher end at 100% and 86% respectively. Trailing yield: 33%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (12%).お知らせ • Sep 072020 Bulkers Ltd. Announces Cash Distribution for August 2022, Payable on or About September 29, 20222020 Bulkers Ltd. announced that the Board has approved a cash distribution of USD 0.06 per share for August 2022. Ex-date: September 20, 2022. Record date: September 21, 2022. Payment date: On or about September 29, 2022.Recent Insider Transactions • Sep 03Chairperson of the Board recently bought €449k worth of stockOn the 1st of September, Lars Halvorsen bought around 50k shares on-market at roughly €8.97 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €8.26, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 65% over the past three years.業績と収益の成長予測DB:0FF - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028N/A888112/31/2027N/A888112/31/202691884341113/31/20262171833636N/A12/31/202565303535N/A9/30/202557212828N/A6/30/202558233030N/A3/31/202583483434N/A12/31/2024114764242N/A9/30/2024125865959N/A6/30/2024121805151N/A3/31/202499534848N/A12/31/202371264141N/A9/30/202362182828N/A6/30/202366203030N/A3/31/202372273838N/A12/31/202276324242N/A9/30/202296525959N/A6/30/2022108667878N/A3/31/2022114718383N/A12/31/2021114718484N/A9/30/202191486464N/A6/30/202176314343N/A3/31/20215817-3229N/A12/31/20204911-10222N/A9/30/2020419-10620N/A6/30/2020285-16914N/A3/31/2020171-1807N/A12/31/201990N/A5N/A9/30/20192-2N/A0N/A6/30/2019N/A-3N/A-1N/A3/31/2019N/A-2N/A-1N/A12/31/2018N/A-1N/A0N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0FFの収益は今後 3 年間で減少すると予測されています (年間-79.8% )。収益対市場: 0FFの収益は今後 3 年間で減少すると予測されています (年間-79.8% )。高成長収益: 0FFの収益は今後 3 年間で減少すると予測されています。収益対市場: 0FFの収益は今後 3 年間で減少すると予想されています (年間-119.4% )。高い収益成長: 0FFの収益は今後 3 年間で減少すると予測されています (年間-119.4% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0FFの 自己資本利益率 は、3年後には低くなると予測されています ( 2.3 %)。成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 15:53終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋2020 Bulkers Ltd. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関null nullABG Sundal CollierGregory LewisBTIGHans Rettedal ChristiansenDanske Bank5 その他のアナリストを表示
Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Lori Naess was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 182020 Bulkers Ltd. (OB:2020) announces an Equity Buyback.2020 Bulkers Ltd. (OB:2020) announces a share repurchase program. Under the offer the company will repurchase its own shares. The shares may be repurchased at a price of NOK 129.5 per share. The authorization is valid until April 22, 2026.
お知らせ • Jan 092020 Bulkers Ltd. Approves Dividend for the Month of December 2025, Payable on or About January 23,20262020 Bulkers Ltd. Approves dividend of USD 0.23 for the month of December 2025. Date of approval: January 8, 2026, Last day including right: January 14, 2026, Ex-date: January 15, 2026, Record date: January 16, 2026, Payment date: On or about January 23, 2026.
お知らせ • Dec 042020 Bulkers Ltd., Annual General Meeting, May 12, 20262020 Bulkers Ltd., Annual General Meeting, May 12, 2026.
お知らせ • Dec 03+ 4 more updates2020 Bulkers Ltd. to Report Q1, 2026 Results on May 12, 20262020 Bulkers Ltd. announced that they will report Q1, 2026 results on May 12, 2026
お知らせ • Jul 102020 Bulkers Ltd. Approves A Dividend for June 2025, Payable On or about July 23, 2025The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.16 per share for June 2025. Date of approval: July 7, 2025. Last day including right: July 14, 2025. Ex-date: July 15, 2025. Record date: July 16, 2025. Payment date: On or about July 23, 2025.
お知らせ • Jun 132020 Bulkers Ltd. Approves A Dividend for May 2025, Payable on or About June 25, 2025The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.11 per share for May 2025. Date of approval: June 10, 2025. Last day including right: June 16, 2025. Ex-date: June 17, 2025. Record date: June 18, 2025. Payment date: on or about June 25, 2025.
お知らせ • Apr 082020 Bulkers Ltd. Approves A Dividend for March 2025, Payable on or About April 28, 2025The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.06 per share for March 2025. Date of approval: April 7, 2025. Last day including right: April 14, 2025. Ex-date: April 15, 2025. Record date: April 16, 2025. Payment date: On or about April 28, 2025.
お知らせ • Feb 122020 Bulkers Ltd. Approves Dividend for January 2025, Payable on or About February 26, 2025The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.03 per share for January 2025. Date of approval: February 11, 2025, Last day including right: February 17, 2025, Ex-date: February 18, 2025, Record date: February 19, 2025 and Payment date: On or about February 26, 2025.
お知らせ • Jan 092020 Bulkers Ltd. Approves Dividend for December 2024, Payable on or About January 24, 2025The Board of 2020 Bulkers Ltd. has approved a cash distribution of USD 0.05 per share for December 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval: January 8, 2025, Last day including right: January 15, 2025, Ex-date: January 16, 2025, Record date: January 17, 2025 and Payment date: On or about January 24, 2025.
お知らせ • Nov 202020 Bulkers Ltd., Annual General Meeting, May 06, 20252020 Bulkers Ltd., Annual General Meeting, May 06, 2025.
お知らせ • Nov 19+ 4 more updates2020 Bulkers Ltd. to Report Q3, 2025 Results on Nov 12, 20252020 Bulkers Ltd. announced that they will report Q3, 2025 results on Nov 12, 2025
Declared Dividend • Nov 16Dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 19th November 2024 Payment date: 27th November 2024 Dividend yield will be 27%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 59% over the next 2 years. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: US$0.50 (vs US$0.23 in 3Q 2023)Third quarter 2024 results: EPS: US$0.50 (up from US$0.23 in 3Q 2023). Revenue: US$19.9m (up 34% from 3Q 2023). Net income: US$11.6m (up 123% from 3Q 2023). Profit margin: 58% (up from 35% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.0%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Declared Dividend • Oct 10Dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 17th October 2024 Payment date: 25th October 2024 Dividend yield will be 26%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 69% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Oct 092020 Bulkers Ltd. Approves Dividend for September 2024, Payable on or About October 25, 20242020 Bulkers Ltd. has approved a dividend of USD 0.20 per share for September 2024. Date of approval: October 07, 2024. Ex-date: October 17, 2024. Record date: October 18, 2024. Payment date: On or about October 25, 2024.
Declared Dividend • Sep 13Dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 17th September 2024 Payment date: 25th September 2024 Dividend yield will be 29%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 70% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Sep 112020 Bulkers Ltd. Approves Dividend for the Month of August 2024, Payable on or About September 25, 20242020 Bulkers Ltd. has approved a dividend of USD 0.17 per share for August 2024. Date of approval: September 10, 2024. Ex-date: September 17, 2024. Record date: September 18, 2024. Payment date: On or about September 25, 2024.
Declared Dividend • Aug 19Dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 20th August 2024 Payment date: 28th August 2024 Dividend yield will be 27%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 67% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: US$1.36 (vs US$0.21 in 2Q 2023)Second quarter 2024 results: EPS: US$1.36 (up from US$0.21 in 2Q 2023). Revenue: US$38.9m (up 127% from 2Q 2023). Net income: US$31.1m (up US$26.3m from 2Q 2023). Profit margin: 80% (up from 28% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Aug 142020 Bulkers Ltd. Approves Dividend for July 2024, Payable on or About August 28, 20242020 Bulkers Ltd. approved a dividend of USD 0.20 per share for July 2024. Ex-date: August 20, 2024, Record date: August 21, 2024, Payment date: On or about August 28, 2024.
Declared Dividend • Jul 11Dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 17th July 2024 Payment date: 24th July 2024 Dividend yield will be 24%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (7% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 52% over the next 3 years. However, it would need to fall by 92% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jul 092020 Bulkers Ltd. Approves Dividend for June 2024, Payable on or About July 24, 2024The board of 2020 Bulkers Ltd. has approved a dividend of USD 0.20 per share for June 2024. Ex-date is July 16, 2024. Record date is July 17, 2024. Payment date is on or about July 24, 2024.
Upcoming Dividend • Jun 14Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 18 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.7%).
Declared Dividend • Jun 13Dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 18th June 2024 Payment date: 26th June 2024 Dividend yield will be 22%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (7% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 50% over the next 3 years. However, it would need to fall by 92% to increase the payout ratio to a potentially unsustainable range.
New Risk • Jun 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change).
Reported Earnings • May 09First quarter 2024 earnings released: EPS: US$1.25 (vs US$0.036 in 1Q 2023)First quarter 2024 results: EPS: US$1.25 (up from US$0.036 in 1Q 2023). Revenue: US$40.5m (up 232% from 1Q 2023). Net income: US$28.5m (up US$27.7m from 1Q 2023). Profit margin: 70% (up from 6.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • May 092020 Bulkers Ltd. Approves Dividend for April 2024, Payable on or About May 24, 2024The board of 2020 Bulkers Ltd. has approved a dividend of USD 0.14 per share for April 2024. Ex-date is May 15, 2024. Record date is May 16, 2024. Payment date is on or about May 24, 2024.
Declared Dividend • Apr 15Dividend of US$1.79 announcedShareholders will receive a dividend of US$1.79. Ex-date: 16th April 2024 Payment date: 24th April 2024 Dividend yield will be 20%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but not adequately covered by cash flows (90.5% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 102020 Bulkers Ltd. Approves Special Dividend, Payable on or About April 24, 20242020 Bulkers Ltd. Board of Directors have approved a special dividend of USD 1.68 per share (USD 38,423,122 in total). Date of approval is April 8, 2024; Last day including right is April 15, 2024; Ex-date is April 16, 2024; Record date is April 17, 2024; Payment date is On or about April 24, 2024.
お知らせ • Apr 092020 Bulkers Ltd. Approves Dividend for March 2024, Payable on or About April 24, 20242020 Bulkers Ltd. Board has approved dividend for March 2024 consists of a dividend of USD 0.11 per share based on earnings for March 2024. Date of approval is April 8, 2024; Last day including right is April 15, 2024; Ex-date is April 16, 2024; Record date is April 17, 2024; Payment date is On or about April 24, 2024.
Declared Dividend • Mar 15Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 19th March 2024 Payment date: 26th March 2024 Dividend yield will be 7.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but not adequately covered by cash flows (90.5% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: US$1.13 (vs US$1.44 in FY 2022)Full year 2023 results: EPS: US$1.13 (down from US$1.44 in FY 2022). Revenue: US$70.8m (down 7.0% from FY 2022). Net income: US$25.6m (down 20% from FY 2022). Profit margin: 36% (down from 42% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Mar 07+ 1 more update2020 Bulkers Ltd. Approves Dividend for the Month of February 2024, Payable on or About March 26, 2024The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.10 per share for February 2024. Ex-date: March 19, 2024. Record date: March 20, 2024. Payment date: On or about March 26, 2024.
Upcoming Dividend • Feb 14Upcoming dividend of US$0.10 per share at 12% yieldEligible shareholders must have bought the stock before 21 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (5.1%). Lower than average of industry peers (17%).
Reported Earnings • Feb 12Full year 2023 earnings released: EPS: US$1.13 (vs US$1.44 in FY 2022)Full year 2023 results: EPS: US$1.13 (down from US$1.44 in FY 2022). Revenue: US$69.7m (down 8.4% from FY 2022). Net income: US$25.6m (down 20% from FY 2022). Profit margin: 37% (down from 42% in FY 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
Declared Dividend • Feb 09Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 21st February 2024 Payment date: 29th February 2024 Dividend yield will be 7.2%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 105% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 072020 Bulkers Ltd. Approves Dividend for the Month of January 2024, Payable on or About February 29, 20242020 Bulkers Ltd. announced that Board has approved a dividend of USD 0.10 per share for January 2024. Ex-date is February 21, 2024. Record date is February 22, 2024. Payment date is On or about February 29, 2024.
Upcoming Dividend • Jan 16Upcoming dividend of US$0.21 per share at 10% yieldEligible shareholders must have bought the stock before 23 January 2024. Payment date: 31 January 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (17%).
Recent Insider Transactions • Jan 10Independent Director recently sold €293k worth of stockOn the 5th of January, A. Blankenship sold around 25k shares on-market at roughly €11.71 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €312k. Insiders have been net sellers, collectively disposing of €605k more than they bought in the last 12 months.
お知らせ • Jan 092020 Bulkers Ltd. Approves Dividend for December 2023, Payable on or about January 31, 2024The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.21 per share for December 2023. Ex-date is January 23, 2024. Record date is January 24, 2024. Payment date is on or about January 31, 2024.
お知らせ • Dec 082020 Bulkers Ltd. Approves Cash Distribution. Payable on or About January 4, 2024The Board of 2020 Bulkers Ltd. has approved a cash distribution of USD 0.18 per share for November 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: December 21, 2023. Record date: December 22, 2023. Payment date: On or about January 4, 2024.
Recent Insider Transactions • Dec 07Independent Director recently sold €312k worth of stockOn the 1st of December, A. Blankenship sold around 30k shares on-market at roughly €10.39 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €212k more than they bought in the last 12 months.
Upcoming Dividend • Nov 14Upcoming dividend of US$0.20 per share at 14% yieldEligible shareholders must have bought the stock before 21 November 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 14%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (22%).
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.23 (vs US$0.33 in 3Q 2022)Third quarter 2023 results: EPS: US$0.23 (down from US$0.33 in 3Q 2022). Revenue: US$17.0m (down 9.1% from 3Q 2022). Net income: US$5.20m (down 29% from 3Q 2022). Profit margin: 31% (down from 39% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 082020 Bulkers Ltd. Approves Cash Distribution for October 2023, Payable on or About November 30, 20232020 Bulkers Ltd. approved a cash distribution of USD 0.2 per share for October 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date is November 21, 2023, Record date is November 22, 2023 and payment date On or about November 30, 2023.
Upcoming Dividend • Oct 18Upcoming dividend of US$0.05 per share at 14% yieldEligible shareholders must have bought the stock before 24 October 2023. Payment date: 31 October 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 14%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (18%).
お知らせ • Oct 102020 Bulkers Ltd. Approves Cash Distribution for September 2023, Payable on or About October 31, 20232020 Bulkers Ltd. announced the board has approved a cash distribution of USD 0.05 per share for September 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is October 9, 2023. Last day including right is October 23, 2023. Ex-date is October 24, 2023. Record date is October 25, 2023. Payment date is on or about October 31, 2023.
Upcoming Dividend • Sep 14Upcoming dividend of US$0.03 per share at 16% yieldEligible shareholders must have bought the stock before 20 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (18%).
お知らせ • Sep 082020 Bulkers Ltd. Approves Cash Distribution for August 2023, Payable on or about September 29, 20232020 Bulkers Ltd. announced that the Board has approved a cash distribution of USD 0.03 per share for August 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: September 20, 2023. Record date: September 21, 2023. Payment date: On or about September 29, 2023.
New Risk • Aug 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 144% Cash payout ratio: 100% Dividend yield: 15% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Cash payout ratio: 100% Minor Risk Profit margins are more than 30% lower than last year (30% net profit margin).
New Risk • Aug 17New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Profit margins are more than 30% lower than last year (30% net profit margin).
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: US$0.21 (vs US$0.54 in 2Q 2022)Second quarter 2023 results: EPS: US$0.21 (down from US$0.54 in 2Q 2022). Revenue: US$17.1m (down 27% from 2Q 2022). Net income: US$4.80m (down 60% from 2Q 2022). Profit margin: 28% (down from 52% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 15Upcoming dividend of US$0.04 per share at 14% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 31 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 14%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%).
お知らせ • Aug 092020 Bulkers Ltd. Approves Cash Distribution for July 2023, Payable on or About August 31, 20232020 Bulkers Ltd. announced that Board has approved a cash distribution of USD 0.04 per share for July 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is August 7, 2023. Last day including right is August 21, 2023. Ex-date is August 22, 2023. Record date is August 23, 2023. Payment date is On or about On or about August 31, 2023.
Upcoming Dividend • Jul 14Upcoming dividend of US$0.04 per share at 13% yieldEligible shareholders must have bought the stock before 21 July 2023. Payment date: 31 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 13%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (16%).
お知らせ • Jul 122020 Bulkers Ltd. Has Approves Cash Distribution for June 2023, Payable on or About July 31, 20232020 Bulkers Ltd. has approved a cash distribution of USD 0.04 per share for June 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is July 10, 2023. Last day including right is July 20, 2023. Ex-date is July 21, 2023. Record date is July 24, 2023. Payment date is On or about July 31, 2023.
Upcoming Dividend • Jun 15Upcoming dividend of US$0.08 per share at 14% yieldEligible shareholders must have bought the stock before 22 June 2023. Payment date: 30 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 14%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (18%).
お知らせ • Jun 092020 Bulkers Ltd. Approves Cash Distribution for May 2023, Payable on or About June 30, 2023The Board of 2020 Bulkers Ltd. has approved a cash distribution of $0.08 per share for May 2023. The distribution will be made from the Company's ContributedSurplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval: June 7, 2023. Ex-date: June 22, 2023. Record date: June 23, 2023. Payment date: On or about June 30, 2023.
Upcoming Dividend • May 16Upcoming dividend of US$0.07 per share at 13% yieldEligible shareholders must have bought the stock before 23 May 2023. Payment date: 31 May 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 13%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%).
Reported Earnings • May 10First quarter 2023 earnings released: EPS: US$0.04 (vs US$0.27 in 1Q 2022)First quarter 2023 results: EPS: US$0.04 (down from US$0.27 in 1Q 2022). Revenue: US$12.6m (down 25% from 1Q 2022). Net income: US$800.0k (down 86% from 1Q 2022). Profit margin: 6.3% (down from 35% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
お知らせ • May 102020 Bulkers Ltd. Approves \Cash Distribution for April 2023, Payable on or About May 31, 20232020 Bulkers Ltd. announced that Board has approved a cash distribution of USD 0.07 per share for April 2023. Date of approval is May 9, 2023. Ex-date is May 23, 2023. Record date is May 24, 2023. Payment date: On or about May 31, 2023.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.71, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 227% over the past three years.
Reported Earnings • Mar 20Full year 2022 earnings released: EPS: US$1.44 (vs US$3.19 in FY 2021)Full year 2022 results: EPS: US$1.44 (down from US$3.19 in FY 2021). Revenue: US$76.1m (down 33% from FY 2021). Net income: US$31.9m (down 55% from FY 2021). Profit margin: 42% (down from 62% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 14Upcoming dividend of US$0.01 per share at 14% yieldEligible shareholders must have bought the stock before 21 March 2023. Payment date: 30 March 2023. Payout ratio and cash payout ratio are on the higher end at 94% and 85% respectively. Trailing yield: 14%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (14%).
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.66, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 130% over the past three years.
Upcoming Dividend • Feb 13Upcoming dividend of US$0.01 per share at 14% yieldEligible shareholders must have bought the stock before 20 February 2023. Payment date: 28 February 2023. Payout ratio and cash payout ratio are on the higher end at 94% and 85% respectively. Trailing yield: 14%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (14%).
Reported Earnings • Feb 10Full year 2022 earnings releasedFull year 2022 results: Net income: US$31.9m (down 55% from FY 2021). Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 082020 Bulkers Ltd. Approves Cash Distribution for January 2023, Payable on or About February 28, 2023The Board of 2020 Bulkers Ltd. approved a cash distribution of USD 0.01 per share for January 2023. The distribution will be made from the company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: February 20, 2023. Record date: February 21, 2023. Payment date: On or about February 28, 2023..
Board Change • Feb 02Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 20Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 102020 Bulkers Ltd. Announces Cash Distribution for December 2022, Payable on or About January 31, 2023The Board of 2020 Bulkers Ltd. approved a cash distribution of USD 0.09 per share for December 2022. The distribution will be made from the company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: January 20, 2023. Record date: January 23, 2023. Payment date: On or about January 31, 2023.
お知らせ • Dec 31+ 5 more updates2020 Bulkers Ltd. to Report Q3, 2023 Results on Nov 08, 20232020 Bulkers Ltd. announced that they will report Q3, 2023 results on Nov 08, 2023
Recent Insider Transactions • Dec 27Chief Financial Officer recently bought €100k worth of stockOn the 19th of December, Vidar Hasund bought around 12k shares on-market at roughly €8.33 per share. This transaction increased Vidar's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Vidar's only on-market trade for the last 12 months.
Upcoming Dividend • Dec 13Upcoming dividend of US$0.08 per shareEligible shareholders must have bought the stock before 20 December 2022. Payment date: 30 December 2022. Payout ratio and cash payout ratio are on the higher end at 98% and 98% respectively. Trailing yield: 30%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (12%).
お知らせ • Dec 082020 Bulkers Ltd. Approves Cash Distribution for November 2022, Payable on or About December 30, 20222020 Bulkers Ltd. announced that its board has approved a cash distribution of USD 0.08 per share for November 2022. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is December 7, 2022. Last day including right is December 19, 2022. Ex-date is December 20, 2022. Record date is December 21, 2022. Payment date is on or about December 30, 2022.
Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: US$0.33 (vs US$0.97 in 3Q 2021)Third quarter 2022 results: EPS: US$0.33 (down from US$0.97 in 3Q 2021). Revenue: US$18.7m (down 40% from 3Q 2021). Net income: US$7.30m (down 66% from 3Q 2021). Profit margin: 39% (down from 69% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Nov 092020 Bulkers Ltd. Declares Cash Distribution for the Month of October 2022, Payable on or About November 30, 20222020 Bulkers Ltd. announced that The Board has approved a cash distribution of USD 0.10 per share for October 2022. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is November 8, 2022. Ex-date is November 21, 2022. Record date is November 22, 2022. Payment date is On or about November 30, 2022.
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €7.47, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 31% over the past three years.
お知らせ • Oct 112020 Bulkers Ltd. Approves Cash Distribution for the Month of September 2022, Payable on or About October 28, 20222020 Bulkers Ltd.'s Board has approved a cash distribution of USD 0.06 per share for September 2022. The distribution will be made from the company's Contributed Surplus account which consists of previously paid in share premium transferred from the company's Share Premium account. Ex-date is October 20, 2022. Record date is October 21, 2022. Payable on or about October 28, 2022.
Upcoming Dividend • Sep 13Upcoming dividend of US$0.06 per shareEligible shareholders must have bought the stock before 20 September 2022. Payment date: 29 September 2022. Payout ratio and cash payout ratio are on the higher end at 100% and 86% respectively. Trailing yield: 33%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (12%).
お知らせ • Sep 072020 Bulkers Ltd. Announces Cash Distribution for August 2022, Payable on or About September 29, 20222020 Bulkers Ltd. announced that the Board has approved a cash distribution of USD 0.06 per share for August 2022. Ex-date: September 20, 2022. Record date: September 21, 2022. Payment date: On or about September 29, 2022.
Recent Insider Transactions • Sep 03Chairperson of the Board recently bought €449k worth of stockOn the 1st of September, Lars Halvorsen bought around 50k shares on-market at roughly €8.97 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €8.26, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 65% over the past three years.