2020 Bulkers Ltd.

2020 Bulkers Ltd.

0.96
EUR
-0.09
(-8.38%)
7.92EPS
0.04P/E
6.42MMarket Cap
Nov 25Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
0.48
2.21
5.13
3.42
3.09
3.13
2.76
2.31
Basic EPS, GAAP
- -
-0.08
-0.02
0.5
3.19
1.44
1.13
3.34
1.29
9.06
Free Cash Flow per Basic Share
- -
-5.81
-6.36
-4.61
3.76
1.9
1.83
1.73
1.51
1.37
Dividend per Share
- -
- -
0.16
0.24
2.93
1.62
0.64
3.76
1.25
13.71
Book Value per Share
0.67
3.08
6.23
6.41
6.83
7.02
7.04
6.64
6.48
0.26
Tangible Book Value per Share
0.67
3.08
6.23
6.41
6.83
7.02
7.04
6.64
6.48
0.26
Basic Weighted Avg Shares
2
10
19
22
22
22
23
23
23
23
Sales/Revenue/Turnover
- -
- -
9
49
114
76
70
72
63
53
Operating Margin (%)
- -
- -
9.89
43.15
70.65
54.53
54.09
59.69
58.16
66.73
Depreciation Expense
- -
- -
1
10
12
12
12
11
9
5
Net Income, GAAP
- -
-1
- -
11
71
32
26
76
30
208
Effective Tax Rate (%)
- -
- -
- -
- -
- -
0.31
5.54
0.91
0.34
0.24
Profit Margin (%)
- -
- -
-4.4
22.7
62.21
41.92
36.73
106.42
46.75
392.25
Working Capital
6
- -
10
2
7
7
13
15
148
5
LT Debt
- -
- -
132
231
217
203
189
110
- -
- -
Total Equity
15
68
138
142
152
156
161
152
148
5
Return on Invested Capital (%)
- -
- -
- -
6.33
20.83
10.92
9.64
26.46
14.04
160.43
Return on Capital (%)
- -
- -
- -
6.21
20.81
10.9
9.79
26.49
14.19
160.35
Return on Common Equity (%)
- -
-1.92
-0.39
7.92
48.2
20.74
16.16
48.79
19.67
268.09

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
111
18
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
23
20
Market Capitalization
328
324
7

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
270
317
6
Cash, Cash Equivalents & STI
22
274
5
Accounts Receivable, Net
1
1
- -
Inventories
- -
- -
- -
Total Current Liabilities
122
25
1
Payables & Accruals
- -
- -
- -
ST Debt
111
18
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
0.97%
-2.3%
Free Cash Flow
- -
-50.09%
-12.66%
Net Income, GAAP
- -
119.97%
-61.34%
Sales/Revenue/Turnover
- -
16.41%
-11.99%
Total Cash Common Dividend
- -
289.32%
-66.74%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20
18
20
14
72
2025
9
13
19
22
63
2026
12
- -
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.25
1.36
0.51
0.22
3.34
2025
0.01
0.25
0.43
0.6
1.29
2026
6.73
1.3
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.59
2.11
0.57
0.49
3.76
2025
0.09
0.27
0.51
0.38
1.25
2026
0.69
12.12
- -
- -
- -

Company Description

CEO
Lars-Christian Svensen
Full Time Employees
6
Sector
Transportation
Industry
Marine shipping
Address
S.E. Pearman Building Hamiltom HA Bermuda HM11
IPO Date
Dec 5, 2017
Business
2020 Bulkers Ltd. is a Bermuda-based dry bulk shipping company that owns and operates a fleet of large dry bulk vessels focused on the transportation of commodities such as iron ore, bauxite, and coal worldwide; its core assets comprise scrubber-fitted Newcastlemax vessels with approximately 208,000 deadweight tons capacity each, including Bulk Sydney, Bulk Sao Paulo, and Bulk Santos following recent sales; the company provides maritime transportation services primarily on index-linked time charters, targeting major trade routes in Asia, Africa, South America, and global markets with an emphasis on fuel-efficient, environmentally compliant operations. Founded in 2017 and headquartered in Hamilton, Bermuda, 2020 Bulkers Ltd. maintains a lean organization with seven employees and prioritizes health, safety, quality, and environmental standards through its HSQE framework. In recent developments, the company signed agreements in September 2025 to sell three 2019-built Newcastlemax vessels—Bulk Sandefjord, Bulk Santiago, and Bulk Shenzhen—for a total consideration of $209 million, marking a strategic fleet optimization amid favorable market conditions; it continues to generate strong cash flows, achieving average time charter equivalent rates of approximately US$31,700 per day in July 2025 and US$37,100 per day in August 2025, gross, while distributing monthly dividends including US$0.20 per share ex-dividend on September 16, 2025.

Company News

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