2020 Bulkers (OB:2020) - Stock Price, News & Analysis

2020 Stock Overview

Owns and operates large dry bulk vessels worldwide.

2020 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	6/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 46.4% below our estimate of its fair value

Earnings grew by 306.1% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 30.9% per year for the next 3 years

Has a high level of debt

Unstable dividend track record

2020 Bulkers Ltd. Competitors

Himalaya Shipping

OB:HSHP

NOK 3.6b

Belships

OB:BELCO

NOK 5.3b

Frøy

OB:FROY

NOK 6.6b

Klaveness Combination Carriers

OB:KCC

NOK 6.0b

Price History & Performance

Summary of all time highs, changes and price drops for 2020 Bulkers
Historical stock prices
Current Share Price	NOK 139.50
52 Week High	NOK 174.80
52 Week Low	NOK 90.10
Beta	0
11 Month Change	-8.46%
3 Month Change	-16.01%
1 Year Change	45.84%
33 Year Change	15.77%
5 Year Change	76.58%
Change since IPO	458.00%

Recent updates

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

May 11

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

Apr 12

Need To Know: Analysts Just Made A Substantial Cut To Their 2020 Bulkers Ltd. (OB:2020) Estimates

Aug 13

Shareholder Returns

	2020	NO Shipping	NO Market
7D	-3.7%	9.1%	2.3%
1Y	45.8%	41.0%	5.6%

Return vs Industry: 2020 exceeded the Norwegian Shipping industry which returned 41% over the past year.

Return vs Market: 2020 exceeded the Norwegian Market which returned 5.6% over the past year.

Price Volatility

Is 2020's price volatile compared to industry and market?
2020 volatility
2020 Average Weekly Movement	4.3%
Shipping Industry Average Movement	4.9%
Market Average Movement	4.9%
10% most volatile stocks in NO Market	10.3%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: 2020 has not had significant price volatility in the past 3 months.

Volatility Over Time: 2020's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2017	6	Herman Billung	2020bulkers.com

2020 Bulkers Ltd. owns and operates large dry bulk vessels worldwide. It operates eight scrubber fitted 208,000 deadweight tonnage Newcastlemax dry bulk vessels. 2020 Bulkers Ltd.

2020 Bulkers Ltd. Fundamentals Summary

How do 2020 Bulkers's earnings and revenue compare to its market cap?
2020 fundamental statistics
Market cap	NOK 3.19b
Earnings (TTM)	NOK 854.66m
Revenue (TTM)	NOK 1.29b

3.7x

P/E Ratio

2.5x

P/S Ratio

Is 2020 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2020 income statement (TTM)
Revenue	US$120.50m
Cost of Revenue	US$18.50m
Gross Profit	US$102.00m
Other Expenses	US$22.40m
Earnings	US$79.60m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 13, 2024

Earnings per share (EPS)	3.48
Gross Margin	84.65%
Net Profit Margin	66.06%
Debt/Equity Ratio	68.6%

How did 2020 perform over the long term?

See historical performance and comparison

Dividends

12.5%

Current Dividend Yield

5%

Payout Ratio

Does 2020 pay a reliable dividends?

See 2020 dividend history and benchmarks

When do you need to buy 2020 by to receive an upcoming dividend?
2020 Bulkers dividend dates
Ex Dividend Date	Aug 20 2024
Dividend Pay Date	Aug 28 2024
Days until Ex dividend	3 days
Days until Dividend pay date	11 days

Does 2020 pay a reliable dividends?

See 2020 dividend history and benchmarks

2020 Stock Overview

Rewards

Risk Analysis

2020 Bulkers Ltd. Competitors

OB:HSHP

NOK 3.6b

OB:BELCO

NOK 5.3b

OB:FROY

NOK 6.6b

OB:KCC

NOK 6.0b

Price History & Performance

Recent News & Updates

Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

2020 Bulkers Ltd. Approves Dividend for July 2024, Payable on or About August 28, 2024

Dividend of US$0.20 announced

2020 Bulkers Ltd. Approves Dividend for June 2024, Payable on or About July 24, 2024

Dividend of US$0.18 announced

Consensus EPS estimates increase by 13%

Recent updates

Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

2020 Bulkers Ltd. Approves Dividend for July 2024, Payable on or About August 28, 2024

Dividend of US$0.20 announced

2020 Bulkers Ltd. Approves Dividend for June 2024, Payable on or About July 24, 2024

Dividend of US$0.18 announced

Consensus EPS estimates increase by 13%

Consensus EPS estimates fall by 16%

Dividend of US$0.14 announced

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

First quarter 2024 earnings released: EPS: US$1.25 (vs US$0.036 in 1Q 2023)

2020 Bulkers Ltd. Approves Dividend for April 2024, Payable on or About May 24, 2024

Consensus EPS estimates increase by 24%, revenue downgraded

Consensus EPS estimates increase by 12%

Investor sentiment improves as stock rises 16%

Consensus EPS estimates increase by 21%, revenue downgraded

Dividend of US$1.79 announced

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

2020 Bulkers Ltd. Approves Special Dividend, Payable on or About April 24, 2024

Dividend of US$0.10 announced

Full year 2023 earnings: EPS and revenues exceed analyst expectations

2020 Bulkers Ltd. Approves Dividend for the Month of February 2024, Payable on or About March 26, 2024

Upcoming dividend of US$0.10 per share at 12% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Dividend of US$0.10 announced

Consensus EPS estimates increase by 23%

2020 Bulkers Ltd. Approves Dividend for the Month of January 2024, Payable on or About February 29, 2024

Upcoming dividend of US$0.21 per share at 10% yield

Independent Director recently sold kr3.3m worth of stock

2020 Bulkers Ltd. Approves Dividend for December 2023, Payable on or about January 31, 2024

Upcoming dividend of US$0.18 per share at 12% yield

2020 Bulkers Ltd. Approves Cash Distribution. Payable on or About January 4, 2024

Independent Director recently sold kr3.6m worth of stock

Consensus EPS estimates increase by 22%

Upcoming dividend of US$0.20 per share at 14% yield

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

2020 Bulkers Ltd. Approves Cash Distribution for October 2023, Payable on or About November 30, 2023

Consensus EPS estimates fall by 13%

Upcoming dividend of US$0.05 per share at 14% yield

2020 Bulkers Ltd. Approves Cash Distribution for September 2023, Payable on or About October 31, 2023

Consensus EPS estimates fall by 23%

Upcoming dividend of US$0.03 per share at 16% yield

2020 Bulkers Ltd. Approves Cash Distribution for August 2023, Payable on or about September 29, 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.04 per share at 14% yield

Need To Know: Analysts Just Made A Substantial Cut To Their 2020 Bulkers Ltd. (OB:2020) Estimates

Consensus revenue estimates fall by 12%

2020 Bulkers Ltd. Approves Cash Distribution for July 2023, Payable on or About August 31, 2023

Upcoming dividend of US$0.04 per share at 13% yield

2020 Bulkers Ltd. Has Approves Cash Distribution for June 2023, Payable on or About July 31, 2023

Upcoming dividend of US$0.08 per share at 14% yield

2020 Bulkers Ltd. Approves Cash Distribution for May 2023, Payable on or About June 30, 2023

Upcoming dividend of US$0.07 per share at 13% yield

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

2020 Bulkers Ltd. Approves \Cash Distribution for April 2023, Payable on or About May 31, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Chairperson of the Board exercised options to buy kr40m worth of stock.

Upcoming dividend of US$0.01 per share at 13% yield

Investors Will Want 2020 Bulkers' (OB:2020) Growth In ROCE To Persist

Consensus EPS estimates fall by 17%