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Employees: 6
Size 2020 Bulkers (2020.OL) is a Norway Industrials company (Marine Shipping) with a market value of $1.10B, the 62nd largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 8.29 on 6 Nov 2026.
Performance Over six months the shares gained 20.2%, against +0.4% for the median peer and +2.7% for the Norway market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 256.2% over the last twelve months (peer median +5.4%); the operating margin is 92.0% (peer median 18.1%).
Valuation It trades at 170.2× forward earnings against a peer median of 9.4× (most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Next results Next results expected around 25 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 2.25B | NOK 655M | NOK 1.23B | NOK 772M | NOK 744M |
| Revenue growth | — | -47% | +59% | +4% | — |
| Gross profit | NOK 2.15B | NOK 406M | NOK 942M | NOK 437M | NOK 446M |
| EBITDA | NOK 2.14B | NOK 444M | NOK 1.00B | NOK 523M | NOK 517M |
| Net income | NOK 2.02B | NOK 306M | NOK 821M | NOK 271M | NOK 307M |
| Free cash flow | NOK 321M | NOK 358M | NOK 453M | NOK 436M | NOK 407M |
| Capital expenditure | NOK 0 | NOK 0 | NOK 28.0M | NOK 0 | NOK 0 |
| Total debt | NOK 0 | NOK 1.12B | NOK 1.25B | NOK 2.07B | NOK 2.15B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2020.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +31.5% | -5.4% | highest of 21 |
| 6-month return | +20.2% | +0.4% | 3rd highest of 20 |
| Distance from 52-week high | -94.4% | -15.4% | lowest of 21 |
| Revenue growth (TTM) | +256.2% | +5.4% | highest of 20 |
| Operating margin | 92.0% | 18.1% | highest of 20 |
| Forward P/E | 170.2× | 9.4× | most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 9.2% | -4.5% | 2nd most demanding of 13 |
| Growth delivered (Del g) | +7.3% | +10.1% | 6th lowest of 13 |
| Hurdle (Req g minus delivered) | +1.9 pp | -14.1 pp | 2nd most demanding of 13 |
| EV / EBITDA | 4.7× | 5.5× | 5th cheapest of 19 |
| Net debt / EBITDA | -0.0× | 1.3× | 5th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 2020 Bulkers 2020.OL | Norway | $1.10B | +20% | +256% | 92% | 170.2× | 9.2% | +7.3% |
| d'Amico International Shipping DIS.MI | Italy | $1.09B | -3% | -15% | 36% | 8.0× | -7.3% | +2.3% |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | n/a | n/a |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 7.8× | -4.0% | +2.6% |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |
| MPC Container Ships MPCC.OL | Norway | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% | +27.1% |
| Rizhao Port 600017.SS | China | $1.26B | -7% | +3% | 13% | 17.1× | n/a | n/a |
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |
| Evergreen International Storage & Transport 2607.TW | Taiwan | $897M | +18% | -15% | 11% | n/a | n/a | n/a |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| Gujarat Pipavav Port GPPL.NS | India | $851M | +4% | +25% | 52% | 14.7× | 16.2% | +9.6% |
| Algoma Central ALC.TO | Canada | $846M | +30% | +18% | 34% | 13.6× | n/a | n/a |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| Safe Bulkers SB | United States | $809M | +1% | +11% | 33% | 9.4× | 3.6% | +6.8% |
| MITSUI-SOKO 9302.T | Japan | $1.52B | -22% | +6% | 7% | 17.8× | -1.6% | +3.4% |
| Costamare CMRE | United States | $1.54B | -28% | -42% | 44% | 5.2× | -6.9% | +13.0% |
| NS United Kaiun Kaisha,Ltd 9110.T | Japan | $1.58B | +39% | +11% | 11% | n/a | -5.0% | +10.7% |