2020 BULKERS LTD (2020.OL) Stock Fundamental Analysis
OSL:2020 - Euronext Oslo - BMG9156K1018 - Common Stock - Currency: NOK
2020 gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 18 industry peers in the Marine Transportation industry. 2020 gets an excellent profitability rating and is at the same time showing great financial health properties. 2020 is not valued too expensively and it also shows a decent growth rate. With these ratings, 2020 could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
2020 had positive earnings in the past year.
2020 had a positive operating cash flow in the past year.
In the past 5 years 2020 has always been profitable.
In the past 5 years 2020 always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 28.62%, 2020 belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
2020 has a Return On Equity of 50.26%. This is amongst the best in the industry. 2020 outperforms 94.44% of its industry peers.
Looking at the Return On Invested Capital, with a value of 24.60%, 2020 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for 2020 is above the industry average of 10.66%.
The 3 year average ROIC (13.93%) for 2020 is below the current ROIC(24.60%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.62% | ||
| ROE | 50.26% | ||
| ROIC | 24.6% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
1.3 Margins
Looking at the Profit Margin, with a value of 66.87%, 2020 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
2020's Profit Margin has improved in the last couple of years.
2020 has a better Operating Margin (73.36%) than 100.00% of its industry peers.
2020's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 85.89%, 2020 belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
2020's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 73.36% | ||
| PM (TTM) | 66.87% | ||
| GM | 85.89% |
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 2020 is creating value.
2020 has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for 2020 has been increased compared to 5 years ago.
Compared to 1 year ago, 2020 has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.42 indicates that 2020 is not in any danger for bankruptcy at the moment.
2020 has a better Altman-Z score (3.42) than 100.00% of its industry peers.
The Debt to FCF ratio of 2020 is 2.46, which is a good value as it means it would take 2020, 2.46 years of fcf income to pay off all of its debts.
2020's Debt to FCF ratio of 2.46 is fine compared to the rest of the industry. 2020 outperforms 72.22% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that 2020 is somewhat dependend on debt financing.
2020 has a worse Debt to Equity ratio (0.73) than 61.11% of its industry peers.
Although 2020 does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 2.46 | ||
| Altman-Z | 3.42 |
ROIC/WACC3.43
WACC7.17%
2.3 Liquidity
2020 has a Current Ratio of 4.17. This indicates that 2020 is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 4.17, 2020 belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
A Quick Ratio of 4.17 indicates that 2020 has no problem at all paying its short term obligations.
The Quick ratio of 2020 (4.17) is better than 94.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.17 | ||
| Quick Ratio | 4.17 |
3. Growth
3.1 Past
2020 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 195.58%, which is quite impressive.
Measured over the past 5 years, 2020 shows a small growth in Earnings Per Share. The EPS has been growing by 1.97% on average per year.
Looking at the last year, 2020 shows a very strong growth in Revenue. The Revenue has grown by 56.30%.
The Revenue has been growing by 65.82% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)195.58%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-64.62%
Revenue 1Y (TTM)56.3%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-45.25%
3.2 Future
2020 is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.36% yearly.
The Revenue is expected to grow by 10.83% on average over the next years. This is quite good.
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue Next Year-15.14%
Revenue Next 2Y3.76%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
2020 is valuated cheaply with a Price/Earnings ratio of 3.24.
The rest of the industry has a similar Price/Earnings ratio as 2020.
2020's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.87.
A Price/Forward Earnings ratio of 8.26 indicates a reasonable valuation of 2020.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 2020 is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.38. 2020 is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.24 | ||
| Fwd PE | 8.26 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 2020 is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, 2020 is valued a bit cheaper than 61.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.53 | ||
| EV/EBITDA | 3.64 |
4.3 Compensation for Growth
The excellent profitability rating of 2020 may justify a higher PE ratio.
A cheap valuation may be justified as 2020's earnings are expected to decrease with -3.36% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
5. Dividend
5.1 Amount
2020 does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:2020 (4/28/2025, 7:00:00 PM)
112.7
+0.9 (+0.81%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners26.84%
Inst Owner ChangeN/A
Ins Owners4.57%
Ins Owner ChangeN/A
Market Cap2.58B
Analysts81.54
Price Target163.88 (45.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend39.21
Dividend Growth(5Y)N/A
DP112.71%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-22.43%
Min EPS beat(2)-46.57%
Max EPS beat(2)1.7%
EPS beat(4)3
Avg EPS beat(4)12.21%
Min EPS beat(4)-46.57%
Max EPS beat(4)63.4%
EPS beat(8)5
Avg EPS beat(8)10.84%
EPS beat(12)5
Avg EPS beat(12)4.32%
EPS beat(16)7
Avg EPS beat(16)2.75%
Revenue beat(2)0
Avg Revenue beat(2)-10.82%
Min Revenue beat(2)-21.48%
Max Revenue beat(2)-0.15%
Revenue beat(4)2
Avg Revenue beat(4)49.67%
Min Revenue beat(4)-21.48%
Max Revenue beat(4)112.3%
Revenue beat(8)3
Avg Revenue beat(8)24.83%
Revenue beat(12)5
Avg Revenue beat(12)16.67%
Revenue beat(16)8
Avg Revenue beat(16)13.43%
PT rev (1m)-3.38%
PT rev (3m)-9.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-61.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-31.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-30.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.24 | ||
| Fwd PE | 8.26 | ||
| P/S | 2.17 | ||
| P/FCF | 5.53 | ||
| P/OCF | 5.53 | ||
| P/B | 1.63 | ||
| P/tB | 1.63 | ||
| EV/EBITDA | 3.64 |
EPS(TTM)34.82
EY30.9%
EPS(NY)13.64
Fwd EY12.11%
FCF(TTM)20.38
FCFY18.08%
OCF(TTM)20.38
OCFY18.08%
SpS52.02
BVpS69.21
TBVpS69.21
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.62% | ||
| ROE | 50.26% | ||
| ROCE | 31.95% | ||
| ROIC | 24.6% | ||
| ROICexc | 26.21% | ||
| ROICexgc | 26.21% | ||
| OM | 73.36% | ||
| PM (TTM) | 66.87% | ||
| GM | 85.89% | ||
| FCFM | 39.18% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
ROICexc(3y)14.87%
ROICexc(5y)13.42%
ROICexgc(3y)14.87%
ROICexgc(5y)13.42%
ROCE(3y)18.09%
ROCE(5y)16.33%
ROICexcg growth 3Y13.49%
ROICexcg growth 5Y148.43%
ROICexc growth 3Y13.49%
ROICexc growth 5Y148.43%
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
F-Score7
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 2.46 | ||
| Debt/EBITDA | 1.18 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 9.3 | ||
| Cash Conversion | 47.96% | ||
| Profit Quality | 58.58% | ||
| Current Ratio | 4.17 | ||
| Quick Ratio | 4.17 | ||
| Altman-Z | 3.42 |
F-Score7
WACC7.17%
ROIC/WACC3.43
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)117.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)195.58%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-64.62%
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue 1Y (TTM)56.3%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-45.25%
Revenue Next Year-15.14%
Revenue Next 2Y3.76%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
EBIT growth 1Y122.02%
EBIT growth 3Y1.35%
EBIT growth 5Y147.57%
EBIT Next Year-42.06%
EBIT Next 3Y2.09%
EBIT Next 5YN/A
FCF growth 1Y8.5%
FCF growth 3Y-18.8%
FCF growth 5YN/A
OCF growth 1Y8.5%
OCF growth 3Y-18.8%
OCF growth 5Y54.36%