2020 BULKERS LTD. |
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 166.1 NOK | +0.24% |
|
-1.83% | +36.71% |
| May. 08 | Transcript : 2020 Bulkers Ltd., Q1 2024 Earnings Call, May 08, 2024 | |
| May. 08 | 2020 Bulkers Ltd. Approves Dividend for April 2024, Payable on or About May 24, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 220.3 | 153.4 | 282.6 | 210 | 273.4 | 355 | - | - |
| Enterprise Value (EV) 1 | 340.3 | 379.5 | 493.6 | 412.5 | 273.4 | 417 | 434 | 428.2 |
| P/E ratio | -497 x | 13.8 x | 4.05 x | 6.66 x | 10.6 x | 5.94 x | 9.12 x | 8.58 x |
| Yield | 1.36% | 4.34% | 25% | 14.3% | - | 21.9% | 11.4% | 12.2% |
| Capitalization / Revenue | 24.2 x | 3.14 x | 2.5 x | 2.76 x | 3.79 x | 4.62 x | 4.63 x | 4.72 x |
| EV / Revenue | 37.4 x | 7.76 x | 4.36 x | 5.41 x | 3.79 x | 5.43 x | 5.66 x | 5.7 x |
| EV / EBITDA | 162 x | 12.2 x | 5.36 x | 7.75 x | 5.54 x | 7.2 x | 7.6 x | 7.72 x |
| EV / FCF | -2.83 x | -3.74 x | 5.91 x | 9.75 x | - | 2.39 x | 9.79 x | 8.51 x |
| FCF Yield | -35.3% | -26.7% | 16.9% | 10.3% | - | 41.9% | 10.2% | 11.8% |
| Price to Book | 1.6 x | 1.08 x | 1.86 x | 1.35 x | - | 2.14 x | 2.15 x | 2.18 x |
| Nbr of stocks (in thousands) | 22,171 | 22,171 | 22,221 | 22,221 | 22,871 | 22,871 | - | - |
| Reference price 2 | 9.937 | 6.918 | 12.72 | 9.451 | 11.95 | 15.52 | 15.52 | 15.52 |
| Announcement Date | 2/11/20 | 1/28/21 | 1/26/22 | 2/8/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9.1 | 48.9 | 113.1 | 76.2 | 72.1 | 76.78 | 76.61 | 75.17 |
| EBITDA 1 | 2.1 | 31 | 92.1 | 53.2 | 49.3 | 57.88 | 57.13 | 55.47 |
| EBIT 1 | 0.9 | 21.1 | 80.4 | 41.5 | 37.7 | 49.72 | 47.93 | 46.11 |
| Operating Margin | 9.89% | 43.15% | 71.09% | 54.46% | 52.29% | 64.76% | 62.56% | 61.34% |
| Earnings before Tax (EBT) 1 | -0.3 | 11.1 | 70.8 | 32 | 27.1 | 30.1 | 37.87 | 39.71 |
| Net income 1 | -0.4 | 11.1 | 70.8 | 31.9 | 25.6 | 39.65 | 38.76 | 41.32 |
| Net margin | -4.4% | 22.7% | 62.6% | 41.86% | 35.51% | 51.64% | 50.6% | 54.96% |
| EPS 2 | -0.0200 | 0.5000 | 3.140 | 1.420 | 1.130 | 2.613 | 1.702 | 1.808 |
| Free Cash Flow 1 | -120.3 | -101.4 | 83.5 | 42.3 | - | 174.5 | 44.33 | 50.33 |
| FCF margin | -1,321.98% | -207.36% | 73.83% | 55.51% | - | 227.28% | 57.87% | 66.95% |
| FCF Conversion (EBITDA) | - | - | 90.66% | 79.51% | - | 301.48% | 77.6% | 90.73% |
| FCF Conversion (Net income) | - | - | 117.94% | 132.6% | - | 440.12% | 114.37% | 121.82% |
| Dividend per Share 2 | 0.1350 | 0.3000 | 3.180 | 1.350 | - | 3.392 | 1.764 | 1.890 |
| Announcement Date | 2/11/20 | 1/28/21 | 1/26/22 | 2/8/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 37.1 | 16.4 | 23 | 18.5 | 18.3 | 12.4 | 16.9 | 16.8 | 26 | 40.3 | 15 | 19 | 20.5 | 11.5 | 14 |
| EBITDA 1 | 31.4 | 11 | 17.4 | 12.7 | 12.1 | 6.4 | 11.1 | 11.1 | 20.7 | 13.9 | 11.33 | 15.67 | 17.33 | 8.667 | 9.5 |
| EBIT 1 | 28.5 | 8.1 | 14.5 | 9.7 | 9.2 | 3.5 | 8.1 | 8.2 | 17.9 | 11.2 | 15.92 | 13.43 | 14.99 | 6.667 | 7.5 |
| Operating Margin | 76.82% | 49.39% | 63.04% | 52.43% | 50.27% | 28.23% | 47.93% | 48.81% | 68.85% | 27.79% | 106.1% | 70.68% | 73.12% | 57.97% | 53.57% |
| Earnings before Tax (EBT) 1 | 26.3 | 5.9 | 12 | 7.3 | 6.8 | 0.8 | 5.5 | 5.4 | 15.4 | 28.7 | 26 | 6 | 10 | - | 2 |
| Net income 1 | 26.3 | 5.9 | 12 | 7.3 | 6.7 | 0.8 | 4.8 | 5.2 | 14.8 | 28.5 | 26 | 6 | 10 | 3.5 | 2 |
| Net margin | 70.89% | 35.98% | 52.17% | 39.46% | 36.61% | 6.45% | 28.4% | 30.95% | 56.92% | 70.72% | 173.33% | 31.58% | 48.78% | 30.43% | 14.29% |
| EPS 2 | 1.160 | 0.2600 | 0.5300 | 0.3200 | 0.3000 | 0.0400 | 0.2100 | 0.2300 | 0.6500 | 1.250 | 1.160 | 0.2800 | 0.4400 | 0.1400 | 0.0800 |
| Dividend per Share 2 | 1.200 | 0.2600 | 0.5200 | 0.3000 | 0.2700 | 0.0400 | 0.1900 | 0.1200 | - | - | 0.3600 | 0.4800 | 0.5350 | 0.1867 | 0.2250 |
| Announcement Date | 1/26/22 | 4/27/22 | 8/17/22 | 11/9/22 | 2/8/23 | 5/10/23 | 8/16/23 | 11/8/23 | 2/7/24 | 5/8/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 120 | 226 | 211 | 203 | - | 62 | 79 | 73.3 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 57.14 x | 7.294 x | 2.291 x | 3.806 x | - | 1.071 x | 1.383 x | 1.32 x |
| Free Cash Flow 1 | -120 | -101 | 83.5 | 42.3 | - | 175 | 44.3 | 50.3 |
| ROE (net income / shareholders' equity) | - | 7.92% | 48.2% | 20.7% | - | 36.9% | 24.9% | 26.1% |
| ROA (Net income/ Total Assets) | -0.23% | 3.27% | 18% | 8.28% | - | 9.1% | 9.99% | 13.6% |
| Assets 1 | 176 | 339.4 | 393.1 | 385.2 | - | 435.7 | 388.1 | 302.9 |
| Book Value Per Share 2 | 6.230 | 6.410 | 6.840 | 7.020 | - | 7.270 | 7.230 | 7.120 |
| Cash Flow per Share | - | - | 3.700 | 1.880 | - | - | - | - |
| Capex 1 | 126 | 123 | - | - | - | 1.5 | 1.5 | 2.5 |
| Capex / Sales | 1,387.91% | 251.94% | - | - | - | 1.95% | 1.96% | 3.33% |
| Announcement Date | 2/11/20 | 1/28/21 | 1/26/22 | 2/8/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
15.52
USD
Average target price
16
USD
Spread / Average Target
+3.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +36.71% | 355M | |
| +61.53% | 30.06B | |
| -5.44% | 26.31B | |
| +12.86% | 14.26B | |
| +12.11% | 11.74B | |
| +23.67% | 11.41B | |
| +56.12% | 10.36B | |
| +14.50% | 10.26B | |
| -15.63% | 8.45B | |
| +44.44% | 8.05B |
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- Financials 2020 Bulkers Ltd.
