2020 Bulkers Ltd.

OB:2020 Stock Report

Market Cap: NOK 80.4m

2020 Bulkers Past Earnings Performance

Past criteria checks 5/6

2020 Bulkers has been growing earnings at an average annual rate of 13.7%, while the Shipping industry saw earnings growing at 24.6% annually. Revenues have been growing at an average rate of 5.5% per year. 2020 Bulkers's return on equity is 62.8%, and it has net margins of 84.4%.

Key information

13.70%

Earnings growth rate

12.78%

EPS growth rate

Shipping Industry Growth48.58%
Revenue growth rate5.54%
Return on equity62.77%
Net Margin84.44%
Next Earnings Update26 Aug 2026

Recent past performance updates

Analysis Article May 20

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

Investors were disappointed with 2020 Bulkers Ltd.'s ( OB:2020 ) earnings, despite the strong profit numbers. We think...

Recent updates

Analysis Article May 20

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

Investors were disappointed with 2020 Bulkers Ltd.'s ( OB:2020 ) earnings, despite the strong profit numbers. We think...
Analysis Article May 10

2020 Bulkers Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Last week saw the newest quarterly earnings release from 2020 Bulkers Ltd. ( OB:2020 ), an important milestone in the...
Analysis Article Apr 07

2020 Bulkers Ltd.'s (OB:2020) Share Price Is Matching Sentiment Around Its Earnings

With a price-to-earnings (or "P/E") ratio of 2.8x 2020 Bulkers Ltd. ( OB:2020 ) may be sending very bullish signals at...
Analysis Article Feb 20

Time To Worry? Analysts Just Downgraded Their 2020 Bulkers Ltd. (OB:2020) Outlook

The analysts covering 2020 Bulkers Ltd. ( OB:2020 ) delivered a dose of negativity to shareholders today, by making a...
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New Narrative Jan 22

New Iron Ore Sources May Boost Freight Rates, Yet Profit Margins Expected To Shrink

Simandou and Vale projects, combined with long-haul dynamics, are poised to boost revenue and profitability via strong time charter rates.
Analysis Article Nov 20

2020 Bulkers (OB:2020) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

2020 Bulkers Ltd.'s ( OB:2020 ) stock was strong after they recently reported robust earnings. However, our analysis...
Analysis Article Nov 19

2020 Bulkers (OB:2020) Is Paying Out Less In Dividends Than Last Year

2020 Bulkers Ltd.'s ( OB:2020 ) dividend is being reduced from last year's payment covering the same period to $1.66 on...
Analysis Article Oct 01

2020 Bulkers Ltd.'s (OB:2020) Intrinsic Value Is Potentially 59% Above Its Share Price

Key Insights 2020 Bulkers' estimated fair value is kr249 based on 2 Stage Free Cash Flow to Equity 2020 Bulkers' kr156...
Analysis Article Aug 18

2020 Bulkers Ltd. Just Beat Revenue Estimates By 112%

2020 Bulkers Ltd. ( OB:2020 ) shareholders are probably feeling a little disappointed, since its shares fell 2.7% to...
Analysis Article May 11

Revenue Beat: 2020 Bulkers Ltd. Exceeded Revenue Forecasts By 111% And Analysts Are Updating Their Estimates

2020 Bulkers Ltd. ( OB:2020 ) just released its latest quarterly results and things are looking bullish. Statutory...
Analysis Article Apr 12

Does 2020 Bulkers (OB:2020) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Revenue & Expenses Breakdown

How 2020 Bulkers makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

OB:2020 Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2621718350
31 Dec 25653040
30 Sep 25572140
30 Jun 25582340
31 Mar 25834840
31 Dec 241147640
30 Sep 241258640
30 Jun 241218040
31 Mar 24995340
31 Dec 23712630
30 Sep 23621840
30 Jun 23662040
31 Mar 23722750
31 Dec 22763240
30 Sep 22965240
30 Jun 221086640
31 Mar 221147130
31 Dec 211147130
30 Sep 21914840
30 Jun 21763140
31 Mar 21581740
31 Dec 20491140
30 Sep 2041940
30 Jun 2028540
31 Mar 2017140
31 Dec 199050
30 Sep 192-240
30 Jun 190-330
31 Mar 190-220
31 Dec 180-110

Quality Earnings: 2020 has a high level of non-cash earnings.

Growing Profit Margin: 2020's current net profit margins (84.4%) are higher than last year (57.8%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 2020's earnings have grown by 13.7% per year over the past 5 years.

Accelerating Growth: 2020's earnings growth over the past year (282.1%) exceeds its 5-year average (13.7% per year).

Earnings vs Industry: 2020 earnings growth over the past year (282.1%) exceeded the Shipping industry -12.7%.


Return on Equity

High ROE: 2020's Return on Equity (62.8%) is considered outstanding.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 22:51
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

2020 Bulkers Ltd. is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Gregory LewisBTIG
Hans Rettedal ChristiansenDanske Bank