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2020 Bulkers Ltd (2020) Fair Value & Analysis

Industrials · NO · Market cap 85.0M NOK

2B 2020 Bulkers Ltd 2020 · OL
Pricekr 3.70
Fair Valuekr 24.81
Upside+569.8%
Quality52/100
Evidence: Low Range kr 16.86 – kr 34.32

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 7 days ago

Share price −20.7% over the past month.

Price vs Fair Value (12 months)

kr 156.68 kr 3.23 Fair Value kr 24.81 Jun 2025 Jul 2026

12‑month range kr 3.23 – kr 156.68 · fair‑value band kr 16.86 – kr 34.32 · the kr 3.70 price screens below the kr 24.81 fair value. As of Jun 24, 2026.

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Analysis

2020 Bulkers Ltd (2020) currently trades at kr 3.70, while our model-based Fair Value estimate is kr 24.81 — implying the stock looks roughly 569.8% undervalued today. We read business quality at 52/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, 2020 Bulkers Ltd generated revenue of 217M NOK at a net margin of 84.4%. It earns a return on equity of 82.9%. Net debt stands at 88.6M NOK. The stock trades on a trailing P/E of 0.4. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 217M NOK
Revenue growth (YoY) +1,603%
Net margin 84.4%
Return on equity 82.9%
Free cash flow 34.5M NOK FY2025
P/E ratio 0.4
More key figures
Operating margin 97.2%
EPS (TTM) kr 11.98
EPS growth (YoY) +76,848%
Net debt 88.6M NOK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2020 Bulkers Ltd reported revenue of kr 63.1M in FY2025 versus kr 114M in FY2021, a compound −13.7%/yr. Reported net income was kr 29.5M in FY2025, compounding −19.7%/yr from FY2021.

Revenue −13.7%/yr
FY21 kr 114M
FY22 kr 76.1M
FY23 kr 69.7M
FY24 kr 71.7M
FY25 kr 63.1M
Net income −19.7%/yr
FY21 kr 70.8M
FY22 kr 31.9M
FY23 kr 25.6M
FY24 kr 76.3M
FY25 kr 29.5M

Is 2020 fairly valued? → Check now

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Frequently asked questions

Is 2020 Bulkers Ltd (2020) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 24.81 versus a price of kr 3.70 — about +570% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2020?
Our model-based fair value for 2020 Bulkers Ltd is kr 24.81 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 3.70.
What is the quality score of 2020?
2020 Bulkers Ltd has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 2020 Bulkers Ltd (2020)?
2020 Bulkers Ltd reported trailing-twelve-month revenue of about 217M NOK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 2020?
The net profit margin of 2020 Bulkers Ltd is about 84.4%, meaning it keeps roughly 84.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.