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2020 Bulkers

OB:2020
Snowflake Description

Exceptional growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2020
OB
NOK927M
Market Cap
  1. Home
  2. NO
  3. Transportation
Company description

2020 Bulkers Ltd owns and operates large dry bulk vessels worldwide. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • 2020 Bulkers has significant price volatility in the past 3 months.
2020 Share Price and Events
7 Day Returns
-5%
OB:2020
3.3%
NO Shipping
8.2%
NO Market
1 Year Returns
-53.6%
OB:2020
-35.1%
NO Shipping
-24.8%
NO Market
2020 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
2020 Bulkers (2020) -5% -24.3% -50.2% -53.6% - -
NO Shipping 3.3% -22.1% -34.9% -35.1% -49.1% -50.9%
NO Market 8.2% -16.8% -25% -24.8% -10.7% -11.1%
1 Year Return vs Industry and Market
  • 2020 underperformed the Shipping industry which returned -35.1% over the past year.
  • 2020 underperformed the Market in Norway which returned -24.8% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for 2020 Bulkers's competitors could be found in our database.

Value

 Is 2020 Bulkers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of 2020 Bulkers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for 2020 Bulkers.

OB:2020 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year NO Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:2020
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.5%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.58
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.579 (1 + (1- 21%) (159.25%))
1.206
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.65% + (1.206 * 6.51%)
8.5%

Discounted Cash Flow Calculation for OB:2020 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for 2020 Bulkers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OB:2020 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.5%)
2020 -101.00 Analyst x1 -93.09
2021 38.00 Analyst x2 32.28
2022 46.00 Analyst x1 36.01
2023 51.74 Est @ 12.47% 37.33
2024 56.35 Est @ 8.92% 37.48
2025 59.98 Est @ 6.44% 36.76
2026 62.80 Est @ 4.7% 35.48
2027 64.99 Est @ 3.49% 33.84
2028 66.71 Est @ 2.64% 32.01
2029 68.07 Est @ 2.04% 30.10
Present value of next 10 years cash flows $218.00
OB:2020 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $68.07 × (1 + 0.65%) ÷ (8.5% – 0.65%)
$872.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $872.71 ÷ (1 + 8.5%)10
$385.97
OB:2020 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $218.00 + $385.97
$603.97
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $603.97 / 22.17
$27.24
OB:2020 Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:2020)
10.534
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $27.24 x 10.534
NOK286.97
Value per share (NOK) From above. NOK286.97
Current discount Discount to share price of NOK41.80
= -1 x (NOK41.80 - NOK286.97) / NOK286.97
85.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price 2020 Bulkers is available for.
Intrinsic value
>50%
Share price is NOK41.8 vs Future cash flow value of NOK286.97
Current Discount Checks
For 2020 Bulkers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 2020 Bulkers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • 2020 Bulkers's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for 2020 Bulkers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 2020 Bulkers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:2020 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.02
OB:2020 Share Price ** OB (2020-04-03) in NOK NOK41.8
OB:2020 Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $3.97
Norway Shipping Industry PE Ratio Median Figure of 14 Publicly-Listed Shipping Companies 14.48x
Norway Market PE Ratio Median Figure of 147 Publicly-Listed Companies 10.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of 2020 Bulkers.

OB:2020 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:2020 Share Price ÷ EPS (both in USD)

= 3.97 ÷ -0.02

-187.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 2020 Bulkers is loss making, we can't compare its value to the NO Shipping industry average.
  • 2020 Bulkers is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does 2020 Bulkers's expected growth come at a high price?
Raw Data
OB:2020 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -187.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
62.8%per year
Norway Shipping Industry PEG Ratio Median Figure of 7 Publicly-Listed Shipping Companies 0.52x
Norway Market PEG Ratio Median Figure of 104 Publicly-Listed Companies 0.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for 2020 Bulkers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 2020 Bulkers's assets?
Raw Data
OB:2020 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $6.23
OB:2020 Share Price * OB (2020-04-03) in NOK NOK41.8
OB:2020 Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $3.97
Norway Shipping Industry PB Ratio Median Figure of 20 Publicly-Listed Shipping Companies 0.62x
Norway Market PB Ratio Median Figure of 249 Publicly-Listed Companies 0.73x
OB:2020 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:2020 Share Price ÷ Book Value per Share (both in USD)

= 3.97 ÷ 6.23

0.64x

* Primary Listing of 2020 Bulkers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 2020 Bulkers is overvalued based on assets compared to the NO Shipping industry average.
X
Value checks
We assess 2020 Bulkers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. 2020 Bulkers has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is 2020 Bulkers expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
62.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 2020 Bulkers expected to grow at an attractive rate?
  • 2020 Bulkers's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • 2020 Bulkers's earnings growth is expected to exceed the Norway market average.
  • 2020 Bulkers's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:2020 Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:2020 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 62.8%
OB:2020 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 45.3%
Norway Shipping Industry Earnings Growth Rate Market Cap Weighted Average 33.4%
Norway Shipping Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
Norway Market Earnings Growth Rate Market Cap Weighted Average 20.2%
Norway Market Revenue Growth Rate Market Cap Weighted Average 2.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:2020 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:2020 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 77 46 34 1
2021-12-31 69 39 27 2
2020-12-31 54 21 15 2
2020-04-04
OB:2020 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 9 5 0
2018-12-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 2020 Bulkers's earnings are expected to grow significantly at over 20% yearly.
  • 2020 Bulkers's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:2020 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from 2020 Bulkers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:2020 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.54 1.54 1.54 1.00
2021-12-31 1.22 1.77 0.66 2.00
2020-12-31 0.69 0.92 0.46 2.00
2020-04-04
OB:2020 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.02
2018-12-31 -0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • 2020 Bulkers is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess 2020 Bulkers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
2020 Bulkers has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has 2020 Bulkers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare 2020 Bulkers's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 2020 Bulkers does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare 2020 Bulkers's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare 2020 Bulkers's 1-year growth to the NO Shipping industry average as it is not currently profitable.
Earnings and Revenue History
2020 Bulkers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from 2020 Bulkers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:2020 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 9.10 -0.40 4.70
2018-12-31 -0.80 0.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if 2020 Bulkers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • 2020 Bulkers used its assets less efficiently than the NO Shipping industry average last year based on Return on Assets.
  • It is difficult to establish if 2020 Bulkers improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess 2020 Bulkers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
2020 Bulkers has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is 2020 Bulkers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up 2020 Bulkers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 2020 Bulkers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 2020 Bulkers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of 2020 Bulkers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from 2020 Bulkers Company Filings, last reported 3 months ago.

OB:2020 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 138.10 56.90 20.10
2018-12-31 68.30 0.00 0.30
  • 2020 Bulkers's level of debt (41.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if 2020 Bulkers's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • 2020 Bulkers has less than a year of cash runway based on current free cash flow.
  • 2020 Bulkers has less than a year of cash runway if free cash flow continues to grow at historical rates of 66.9% each year.
X
Financial health checks
We assess 2020 Bulkers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. 2020 Bulkers has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is 2020 Bulkers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.07%
Current annual income from 2020 Bulkers dividends. Estimated to be 24.78% next year.
If you bought NOK2,000 of 2020 Bulkers shares you are expected to receive NOK181 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 2020 Bulkers's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (3.88%).
  • 2020 Bulkers's dividend is above the markets top 25% of dividend payers in Norway (8.06%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:2020 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Norway Shipping Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.3%
Norway Market Average Dividend Yield Market Cap Weighted Average of 107 Stocks 6.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 2%
Norway Bottom 25% Dividend Yield 25th Percentile 3.9%
Norway Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:2020 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.54 1.00
2021-12-31 1.22 3.00
2020-12-31 0.36 2.00
2020-04-04
OB:2020 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-18 0.360 8.704

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether 2020 Bulkers has stable dividend payments.
  • 2020 Bulkers only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of 2020 Bulkers's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess 2020 Bulkers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can 2020 Bulkers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 2020 Bulkers has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of 2020 Bulkers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Magnus Halvorsen
CEO Bio

Mr. Lars Marius Halvorsen serves as a Chief Executive Officer at 2020 Bulkers Ltd. Mr. Halvorsen served as the Chief Executive Officer of Clarksons Platou Secs Inc. He was the Principal & CEO of Fearnley Securities Inc.

CEO Compensation
  • Insufficient data for Magnus to compare compensation growth.
  • Insufficient data for Magnus to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team

Magnus Halvorsen

TITLE
Chief Executive Officer

Vidar Hasund

TITLE
Chief Financial Officer

Olav Eikrem

TITLE
Chief Technology Officer
AGE
63

Georgina Sousa

TITLE
Director & Secretary
AGE
68
Board of Directors

Alexandra Blankenship

TITLE
Independent Chairperson of the Board
AGE
54

Georgina Sousa

TITLE
Director & Secretary
AGE
68
TENURE
1.3 yrs

Jeremy Kramer

TITLE
Independent Director
AGE
57

Jens Jensen

TITLE
Independent Director
AGE
55
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by 2020 Bulkers individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
25. Mar 20 Buy Olav Eikrem Individual 25. Mar 20 25. Mar 20 1,000 NOK47.00 NOK47,000
24. Mar 20 Buy Olav Eikrem Individual 24. Mar 20 24. Mar 20 2,000 NOK45.50 NOK91,000
12. Mar 20 Buy Olav Eikrem Individual 12. Mar 20 12. Mar 20 3,000 NOK48.88 NOK146,640
29. Nov 19 Buy Jeremy Kramer Individual 29. Nov 19 29. Nov 19 4,625 NOK788.74 NOK3,647,911
27. Nov 19 Buy Jeremy Kramer Individual 27. Nov 19 27. Nov 19 375 NOK86.40 NOK32,400
26. Nov 19 Buy Vidar Hasund Individual 26. Nov 19 26. Nov 19 3,000 NOK85.75 NOK257,250
22. Aug 19 Buy Jeremy Kramer Individual 22. Aug 19 22. Aug 19 5,000 NOK77.54 NOK387,700
21. Aug 19 Buy Jeremy Kramer Individual 21. Aug 19 21. Aug 19 2,400 NOK78.00 NOK187,200
14. Aug 19 Buy Olav Eikrem Individual 14. Aug 19 14. Aug 19 1,500 NOK78.34 NOK117,510
X
Management checks
We assess 2020 Bulkers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 2020 Bulkers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

2020 Bulkers Ltd owns and operates large dry bulk vessels worldwide. The company operates six Newcastlemax dry bulk vessels. 2020 Bulkers Ltd was incorporated in 2017 and is based in Hamilton, Bermuda.

Details
Name: 2020 Bulkers Ltd
2020
Exchange: OB
Founded: 2017
NOK926,743,870
22,170,906
Website: http://www.2020bulkers.com
Address: 2020 Bulkers Ltd
S.E. Pearman Building,
2nd Floor,
Hamilton,
HM11,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB 2020 Share Capital Oslo Bors NO NOK 04. Dec 2017
DB 0FF Share Capital Deutsche Boerse AG DE EUR 04. Dec 2017
Number of employees
Current staff
Staff numbers
4
2020 Bulkers employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 06:03
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/22
Last earnings filing: 2020/03/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.