2020 Bulkers Ltd.

OB:2020 Stock Report

Market Cap: NOK 95.6m

2020 Bulkers Valuation

Is 2020 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 2020 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 2020 (NOK4.54) is trading below our estimate of future cash flow value (NOK200.63)

Significantly Below Future Cash Flow Value: 2020 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2020?

Key metric: As 2020 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2020. This is calculated by dividing 2020's market cap by their current earnings.
What is 2020's PE Ratio?
PE Ratio0.06x
EarningsUS$183.40m
Market CapUS$10.34m

Price to Earnings Ratio vs Peers

How does 2020's PE Ratio compare to its peers?

The above table shows the PE ratio for 2020 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
JIN Jinhui Shipping and Transportation
6.2xn/aNOK 701.4m
BULK GoodBulk
0.04xn/aNOK 19.4m
WEST Western Bulk Chartering
14.5x6.48%NOK 682.5m
FROY Frøy
26.7xn/aNOK 6.6b
2020 2020 Bulkers
0.05x-79.78%NOK 95.6m

Price-To-Earnings vs Peers: 2020 is good value based on its Price-To-Earnings Ratio (0.1x) compared to the peer average (6.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 2020's PE Ratio compare vs other companies in the NO Shipping Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.14.0x-18.3%
2020 2020 Bulkers
 0.05x-79.78%US$10.33m
BULK GoodBulk
0.04xn/aUS$1.84m
AMSC AMSC
0.00001xn/aUS$709.47
No more companies available in this PE range
2020 0.1xIndustry Avg. 14.0xNo. of Companies5PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
Industry Avg.14.0x-18.3%
2020 2020 Bulkers
 0.05x-79.78%US$10.33m
No more companies

Price-To-Earnings vs Industry: 2020 is good value based on its Price-To-Earnings Ratio (0.1x) compared to the European Shipping industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is 2020's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2020 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio0.06x
Fair PE Ratio0.4x

Price-To-Earnings vs Fair Ratio: 2020 is good value based on its Price-To-Earnings Ratio (0.1x) compared to the estimated Fair Price-To-Earnings Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2020 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 4.54
NOK 135.76
+2,889.06%
1.70%NOK 138.08NOK 133.45n/a2
May ’27NOK 3.01
NOK 142.77
+4,636.89%
1.46%NOK 144.72NOK 139.87n/a3
Apr ’27NOK 140.40
NOK 142.77
+1.69%
1.46%NOK 144.72NOK 139.87n/a3
Mar ’27NOK 134.80
NOK 141.18
+4.74%
2.32%NOK 145.28NOK 137.25n/a3
Feb ’27NOK 143.10
NOK 142.00
-0.77%
1.25%NOK 144.39NOK 140.17n/a3
Jan ’27NOK 144.90
NOK 152.17
+5.02%
6.23%NOK 165.04NOK 142.46n/a3
Dec ’26NOK 143.90
NOK 152.03
+5.65%
6.18%NOK 164.76NOK 142.39n/a3
Nov ’26NOK 138.00
NOK 149.92
+8.64%
7.96%NOK 165.31NOK 136.21n/a3
Oct ’26NOK 134.00
NOK 148.92
+11.14%
8.27%NOK 164.91NOK 134.96n/a3
Sep ’26NOK 132.50
NOK 144.39
+8.97%
3.46%NOK 150.24NOK 138.03n/a3
Aug ’26NOK 126.10
NOK 136.39
+8.16%
10.66%NOK 147.96NOK 115.89n/a3
Jul ’26NOK 111.50
NOK 140.41
+25.93%
12.31%NOK 158.06NOK 111.75n/a4
Jun ’26NOK 120.90
NOK 140.52
+16.23%
12.31%NOK 158.24NOK 111.87n/a4
May ’26NOK 110.90
NOK 143.34
+29.25%
12.12%NOK 163.63NOK 116.02NOK 3.014
Apr ’26NOK 113.20
NOK 147.22
+30.06%
11.87%NOK 166.88NOK 119.08NOK 140.404
Mar ’26NOK 137.00
NOK 154.31
+12.63%
13.26%NOK 181.55NOK 124.63NOK 134.804
Feb ’26NOK 125.70
NOK 174.34
+38.69%
13.90%NOK 198.03NOK 127.50NOK 143.105
Jan ’26NOK 124.00
NOK 172.57
+39.17%
14.35%NOK 198.24NOK 125.34NOK 144.905
Dec ’25NOK 128.20
NOK 172.57
+34.61%
14.35%NOK 198.24NOK 125.34NOK 143.905
Nov ’25NOK 132.80
NOK 175.55
+32.19%
14.51%NOK 201.77NOK 126.96NOK 138.005
Oct ’25NOK 155.20
NOK 172.34
+11.04%
16.69%NOK 200.17NOK 116.86NOK 134.005
Sep ’25NOK 136.70
NOK 169.26
+23.82%
16.69%NOK 195.76NOK 115.19NOK 132.506
Aug ’25NOK 146.00
NOK 182.59
+25.06%
11.81%NOK 202.65NOK 150.32NOK 126.106
Jul ’25NOK 156.50
NOK 182.72
+16.76%
10.87%NOK 203.25NOK 155.48NOK 111.506
Jun ’25NOK 163.50
NOK 171.16
+4.68%
11.22%NOK 199.98NOK 147.86NOK 120.905
May ’25NOK 172.60
NOK 171.90
-0.40%
7.53%NOK 187.86NOK 156.51NOK 110.905
NOK 135.76
Fair Value
96.7% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 14:48
End of Day Share Price 2026/05/22 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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