2020 Community Narratives

AnalystConsensusTarget's

Fair Value

Fair Value NOK 149.83 96.3% undervalued

Simandou Exports And Greener Fleet Will Guide Shipping Amid Risks

About 2020

Founded: 2017
Employees: 6
CEO: Lars-Christian Svensen
WebsiteView website: 2020bulkers.com

2020 Bulkers Ltd. owns and operates large dry bulk vessels worldwide. It operates six scrubber fitted 208,000 deadweight tonnage Newcastlemax dry bulk vessels. 2020 Bulkers Ltd. was incorporated in 2017 and is based in Hamilton, Bermuda.

Recent 2020 News & Updates

New Risk • May 15

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 105% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (38% average weekly change). Earnings are forecast to decline by an average of 80% per year for the foreseeable future. High level of non-cash earnings (105% accrual ratio). Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Significant insider selling over the past 3 months (kr6.1m sold). Market cap is less than US$100m (kr94.5m market cap, or US$10.2m).

Recent updates

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2020 Bulkers Ltd. Stock Price

2020 Share Price Performance

2020 Community Narratives

Simandou Exports And Greener Fleet Will Guide Shipping Amid Risks

Simandou Exports And Greener Fleet Will Guide Shipping Amid Risks

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Simandou Exports And Greener Fleet Will Guide Shipping Amid Risks

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2020 Bulkers Ltd. Key Details

About 2020

Recent 2020 News & Updates

Second quarter 2026 earnings released: EPS: US$1.30 (vs US$0.25 in 2Q 2025)

Additional Considerations Required While Assessing 2020 Bulkers' (OB:2020) Strong Earnings

New major risk - Earnings quality

Recent updates

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