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2020 Bulkers Ltd (TTBKF) Fair Value & Analysis

Industrials · US · Market cap $7.9M

2B 2020 Bulkers Ltd logo 2020 Bulkers Ltd TTBKF · US
Price$0.3063
Fair Value$0.4156
Upside+35.7%
Quality54/100
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Evidence: High Range $0.2974 – $0.5195 📤 Share as image

Fair value as of: Jul 21, 2026

From 23 valuation models · updated today

Fair value updated Jul 21, 2026, revised from $25.93 to $0.4156 (−98.4%) since Jun 25, 2026. Share price −28.8% over the past month.

Price vs Fair Value (12 months)

$14.65 $0.2772 Fair Value $0.4156 Jul 2025 Jul 2026

12‑month range $0.2772 – $14.65 · fair‑value band $0.2974 – $0.5195 · the $0.3063 price screens below the $0.4156 fair value. As of Jul 21, 2026.

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Analysis

2020 Bulkers Ltd (TTBKF) currently trades at $0.3063, while our model-based Fair Value estimate is $0.4156, implying the stock looks roughly 35.7% undervalued today. We read business quality at 54/100 (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: high), always confirm before acting.

Over the trailing twelve months, 2020 Bulkers Ltd generated revenue of $217M at a net margin of 84.4%. It earns a return on equity of 82.9%. Net debt stands at $88.6M. The stock trades on a trailing P/E of 0.3. Fundamentals as of Jul 21, 2026

Our scenario range runs from $0.2974 (bear case) to $0.5195 (bull case); at $0.3063, the current price sits within that range. For context, the median of 10 Industrials peers we cover trades at 79% fair-value upside, at 36%, TTBKF screens richer than that median.

Key figures & financial health

Revenue (TTM) $217M
Revenue growth (YoY) +1,603%
Net margin 84.4%
Return on equity 82.9%
Free cash flow $34.5M FY2025
P/E ratio 0.3
More key figures
Operating margin 97.2%
EPS (TTM) $1.29
EPS growth (YoY) +76,848%
Net debt $88.6M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 21, 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 $65.0M in FY2025 versus $114M in FY2021, a compound −13.1%/yr. Reported net income was $30.4M in FY2025, compounding −19.1%/yr from FY2021.

Revenue −13.1%/yr
FY21 $114M
FY22 $76.1M
FY23 $70.8M
FY24 $71.7M
FY25 $65.0M
Net income −19.1%/yr
FY21 $70.8M
FY22 $31.9M
FY23 $25.6M
FY24 $76.3M
FY25 $30.4M

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Cite: Fair Value Calculator (2026). "2020 Bulkers Ltd Fair Value". https://www.fairvalue-calculator.com/stock/TTBKF

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Frequently asked questions

Is 2020 Bulkers Ltd (TTBKF) undervalued?
As of Jul 21, 2026, our model estimates a fair value of $0.4156 versus a price of $0.3063, about +36% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TTBKF?
Our model-based fair value for 2020 Bulkers Ltd is $0.4156 (as of Jul 21, 2026), built from audited fundamentals. The current price is $0.3063.
What is the quality score of TTBKF?
2020 Bulkers Ltd has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 2020 Bulkers Ltd (TTBKF)?
2020 Bulkers Ltd reported trailing-twelve-month revenue of about $217M (latest available figure, as of Jul 21, 2026).
What is the net profit margin of TTBKF?
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.

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