2020 Bulkers Ltd
OSE:2020

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2020 Bulkers Ltd
OSE:2020
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Price: 105 NOK 1.94% Market Closed
Market Cap: 2.4B NOK

Relative Value

The Relative Value of one 2020 Bulkers Ltd stock under the Base Case scenario is 170.63 NOK. Compared to the current market price of 105 NOK, 2020 Bulkers Ltd is Undervalued by 38%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
170.63 NOK
Undervaluation 38%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
92
vs Industry
16
Median 3Y
2.7
Median 5Y
2.7
Industry
1
Forward
3.5
vs History
95
vs Industry
65
Median 3Y
4
Median 5Y
6.7
Industry
6.8
Forward
7.6
vs History
60
vs Industry
31
Median 3Y
5.6
Median 5Y
5.6
Industry
4.3
vs History
vs Industry
15
Median 3Y
4.2
Median 5Y
4.4
Industry
10.4
vs History
46
vs Industry
16
Median 3Y
1.6
Median 5Y
1.5
Industry
0.8
vs History
98
vs Industry
13
Median 3Y
4
Median 5Y
5.3
Industry
1.2
Forward
4.9
vs History
96
vs Industry
50
Median 3Y
4.8
Median 5Y
7
Industry
4
vs History
96
vs Industry
54
Median 3Y
5.1
Median 5Y
7.8
Industry
5.6
Forward
6.9
vs History
96
vs Industry
60
Median 3Y
5.9
Median 5Y
9.9
Industry
8
Forward
8.6
vs History
71
vs Industry
27
Median 3Y
7.8
Median 5Y
9.6
Industry
5.4
vs History
50
vs Industry
30
Median 3Y
7.8
Median 5Y
7.3
Industry
7.5
vs History
23
vs Industry
11
Median 3Y
1.3
Median 5Y
1.2
Industry
0.7

Multiples Across Competitors

Competitors Multiples
2020 Bulkers Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
BM
2020 Bulkers Ltd
OSE:2020
2.4B NOK 2 3 3.4 3.8
CN
COSCO Shipping Holdings Co Ltd
SSE:601919
223.4B CNY 1 5.6 2.4 2.4
DE
Hapag Lloyd AG
XETRA:HLAG
22.8B EUR 1.2 9.6 4.4 8
CH
Kuehne und Nagel International AG
SIX:KNIN
21B CHF 0.8 17.7 8.7 13
DK
AP Moeller - Maersk A/S
CSE:MAERSK B
159.8B DKK 0.4 4 2.4 4.9
JP
Nippon Yusen KK
TSE:9101
2T JPY 0.8 4.3 7 12
TW
Evergreen Marine Corp Taiwan Ltd
TWSE:2603
447.1B TWD 1 3.2 1.6 2
JP
Mitsui O.S.K. Lines Ltd
TSE:9104
1.8T JPY 1 4.2 11.6 20.6
KR
HMM Co Ltd
KRX:011200
17T KRW 1.5 4.6 1 1.3
HK
Orient Overseas (International) Ltd
HKEX:316
68.8B HKD 0.8 3.4 0.7 0.7
JP
Kawasaki Kisen Kaisha Ltd
TSE:9107
1.2T JPY 1.1 3.7 7.8 11.2