GoodBulk Ltd., together with its subsidiaries, owns and operates dry bulk vessels worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr115.00|
|52 Week High||kr0|
|52 Week Low||kr0|
|1 Month Change||64.29%|
|3 Month Change||n/a|
|1 Year Change||n/a|
|3 Year Change||-19.70%|
|5 Year Change||n/a|
|Change since IPO||21.82%|
Recent News & Updates
|BULK||NO Shipping||NO Market|
Return vs Industry: Insufficient data to determine how BULK performed against the Norwegian Shipping industry.
Return vs Market: Insufficient data to determine how BULK performed against the Norwegian Market.
Stable Share Price: Insufficient data to determine BULK's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine BULK's volatility change over the past year.
About the Company
GoodBulk Ltd., together with its subsidiaries, owns and operates dry bulk vessels worldwide. It provides seaborne transportation solutions. As of July 30, 2021, it had 23 dry bulk vessels, including 22 Capesize vessels and one Panamax vessel.
GoodBulk Fundamentals Summary
|BULK fundamental statistics|
Is BULK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BULK income statement (TTM)|
|Cost of Revenue||US$121.99m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.00|
|Net Profit Margin||14.82%|
How did BULK perform over the long term?See historical performance and comparison
19.4%Current Dividend Yield
Is GoodBulk undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BULK (NOK115) is trading above our estimate of fair value (NOK87.96)
Significantly Below Fair Value: BULK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BULK is poor value based on its PE Ratio (13.1x) compared to the Norwegian Shipping industry average (10.5x).
PE vs Market: BULK's PE Ratio (13.1x) is in line with the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: BULK is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: BULK is good value based on its PB Ratio (1.1x) compared to the NO Shipping industry average (1.3x).
How is GoodBulk forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BULK's forecast earnings growth (12.3% per year) is above the savings rate (1.2%).
Earnings vs Market: BULK's earnings (12.3% per year) are forecast to grow faster than the Norwegian market (10.1% per year).
High Growth Earnings: BULK's earnings are forecast to grow, but not significantly.
Revenue vs Market: BULK's revenue is expected to decline over the next 3 years (-7.9% per year).
High Growth Revenue: BULK's revenue is forecast to decline over the next 3 years (-7.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BULK's Return on Equity is forecast to be low in 3 years time (19%).
How has GoodBulk performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BULK has high quality earnings.
Growing Profit Margin: BULK's current net profit margins (14.8%) are higher than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: BULK's earnings have grown by 2.8% per year over the past 5 years.
Accelerating Growth: BULK's earnings growth over the past year (51.3%) exceeds its 5-year average (2.8% per year).
Earnings vs Industry: BULK earnings growth over the past year (51.3%) underperformed the Shipping industry 144.4%.
Return on Equity
High ROE: BULK's Return on Equity (8.6%) is considered low.
How is GoodBulk's financial position?
Financial Position Analysis
Short Term Liabilities: BULK's short term assets ($73.8M) exceed its short term liabilities ($37.7M).
Long Term Liabilities: BULK's short term assets ($73.8M) do not cover its long term liabilities ($160.6M).
Debt to Equity History and Analysis
Debt Level: BULK's debt to equity ratio (54.2%) is considered high.
Reducing Debt: Insufficient data to determine if BULK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BULK's debt is well covered by operating cash flow (35.6%).
Interest Coverage: BULK's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is GoodBulk current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BULK's dividend (19.4%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.92%).
High Dividend: BULK's dividend (19.4%) is in the top 25% of dividend payers in the Norwegian market (5.09%)
Stability and Growth of Payments
Stable Dividend: BULK has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BULK's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (99.6%), BULK's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BULK's dividends in 3 years are not forecast to be well covered by earnings (90.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
John Radziwill (42 yo)
Mr. John Michael Radziwill has been Chairman and Chief Executive Officer at GoodBulk Ltd. since 2016. Mr. Radziwill serves as Chairman of C Transport Maritime S.A.M. and has also been its Chief Executive O...
Experienced Board: BULK's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
GoodBulk Ltd.'s employee growth, exchange listings and data sources
- Name: GoodBulk Ltd.
- Ticker: BULK
- Exchange: OTCNO
- Founded: 2016
- Industry: Marine
- Sector: Transportation
- Market Cap: kr2.064b
- Shares outstanding: 29.48m
- Website: https://goodbulk.com
- GoodBulk Ltd.
- Clarendon House
- 2 Church Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 21:44|
|End of Day Share Price||2021/09/23 00:00|
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 here.