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2020 Bulkers Ltd. (TTBKF)

USD0.31 -0.04 (-10.89%)
BM OTC Industrials Marine Shipping
Address S.E. Pearman Building HM11
Hamilton, BM
CEO Lars-Christian Svensen
IPO 2021-11-23
ISIN BMG9156K1018

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Also trades on Berlin Stock Exchange · 0FF.BE (EUR) Frankfurt Stock Exchange · 0FF.F (EUR) Oslo Stock Exchange · 2020.OL (NOK) Other OTC · TTBKF (USD) Stuttgart Stock Exchange · 0FF.SG (EUR)
Description

2020 Bulkers Ltd. is a global enterprise that owns and operates a fleet of substantial dry bulk vessels. Its operations worldwide are supported by eight state-of-the-art Newcastlemax dry bulk carriers, each with an impressive capacity of 208,000 deadweight tonnage and fitted with scrubber technology. The company was founded in 2017 and has its principal office located in Hamilton, Bermuda.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD0.31 -0.04 (-10.89%)
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Volume Profile
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Liquidity & share structure
Average Volume
4.2K
Beta
-0.05
Float Shares
19.85M
Free Float %
86.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+10.19% -48.00% -96.39% -96.05% -96.05% -96.05% -95.53% -93.66% -95.64% -95.64% -95.64%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (2 ratings, all time) Hold
Price Targets & DCF
Current price
0.31
DCF (Unlevered) 35.95 +11,636.0%
DCF (Levered) 26.30 +8,487.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-01 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.22
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A+
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Marine Shipping: +2.8%
    -9.4% Q1'26: +1,745.5% (vs Q1'25)
  • EPS growth Marine Shipping: -1.4%
    -60.2% Q1'26: +77,486.2% (vs Q1'25)
  • FCF margin FCF growth · Marine Shipping: +26.4%
    +56.7% Q1'26: +2.9% (vs Q1'25)
  • EBIT margin Marine Shipping: +23.2%
    +55.3% Q1'26: +97.2% (vs Q1'25)
  • ROIC Marine Shipping: +6.9%
    +15.1% Q1'26: +1,756.7% (vs Q1'25)
  • Share dilution Marine Shipping: +0.0%
    +0.0% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Marine Shipping: 1.05×
    2.51× Q1'26: 0.03× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.05) × ERP
WACC = 15% × Ke + 85% × Kd (7.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 35.95 Current price: 0.31
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
9.10M
est: 8.85M (+2.8%)
48.90M
est: 48.02M (+1.8%)
113.80M
est: 112.48M (+1.2%)
76.10M
est: 75.97M (+0.2%)
70.80M
est: 70.87M (-0.1%)
71.70M
est: 76.85M (-6.7%)
64.95M
est: 62.49M (+3.9%)
11.50M
11.50M – 11.50M
-81.6% YoY
4.50M
4.50M – 4.50M
-60.9% YoY
63.77M
63.77M – 63.77M
+1,317.2% YoY
EBITDA
1.40M
est: 6.90M (-79.7%)
33.64M
est: 37.45M (-10.2%)
92.00M
est: 87.71M (+4.9%)
53.10M
est: 59.24M (-10.4%)
49.90M
est: 55.26M (-9.7%)
93.30M
est: 59.78M (+56.1%)
44.06M
est: 48.61M (-9.4%)
8.95M
8.95M – 8.95M
-81.6% YoY
3.50M
3.50M – 3.50M
-60.9% YoY
49.61M
49.61M – 49.61M
+1,317.2% YoY
EBIT
200.0K
est: 5.77M (-96.5%)
22.76M
est: 31.32M (-27.3%)
78.30M
est: 73.37M (+6.7%)
40.70M
est: 49.56M (-17.9%)
38.30M
est: 46.23M (-17.2%)
83.80M
est: 51.48M (+62.8%)
35.93M
est: 41.86M (-14.2%)
7.70M
7.70M – 7.70M
-81.6% YoY
3.01M
3.01M – 3.01M
-60.9% YoY
42.72M
42.72M – 42.72M
+1,317.2% YoY
Net Income
-400.0K
est: 598.3K (-166.9%)
11.10M
est: 10.91M (+1.8%)
70.80M
est: 64.05M (+10.5%)
31.90M
est: 29.57M (+7.9%)
25.60M
est: 21.45M (+19.3%)
76.30M
est: 658.6K (+11,484.8%)
30.37M
est: 467.8K (+6,390.7%)
110.2K
110.2K – 110.2K
-76.4% YoY
11.0K
11.0K – 11.0K
-90.0% YoY
14.6K
14.6K – 14.6K
+33.3% YoY
SGA
4.70M
est: 461.6K (+918.1%)
3.50M
est: 2.50M (+39.7%)
3.30M
est: 5.87M (-43.8%)
4.40M
est: 3.96M (+11.0%)
3.40M
est: 3.70M (-8.0%)
3.90M
est: 3.90M (-0.1%)
4.20M
est: 3.17M (+32.4%)
584.0K
584.0K – 584.0K
-81.6% YoY
228.5K
228.5K – 228.5K
-60.9% YoY
3.24M
3.24M – 3.24M
+1,317.2% YoY
EPS
-0.02
est: 0.03 (-180.7%)
0.55
est: 0.48 (+15.3%)
3.19
est: 2.80 (+13.9%)
1.44
est: 1.29 (+11.4%)
1.13
est: 0.94 (+20.5%)
3.34
est: 0.03 (+11,501.7%)
1.33
est: 0.02 (+6,403.7%)
0.00
0.00 – 0.00
-76.4% YoY
0.00
0.00 – 0.00
-90.0% YoY
0.00
0.00 – 0.00
+33.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A+ 4/5 5/5 5/5 5/5 2/5 4/5 3/5
2026-05-06 A+ 4/5 5/5 5/5 5/5 2/5 4/5 3/5
2026-05-05 A+ 4/5 5/5 5/5 5/5 2/5 4/5 3/5
2026-04-30 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-29 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-24 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-16 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-9.41M
OE per share TTM
-0.41
Owner's Yield
-46.73%
Maintenance CapEx ratio
232.96%
Maint CapEx / Avg PPE
423.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
5.13M
Shares Outstanding
22.93M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Christian Dahll Chief Operational Officer male
Kseniia Sheiko Group Controller female
Lars-Christian Svensen Chief Executive Officer male
Petter Lalic Chief Technology Officer male
Vidar Hasund Chief Financial Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits