2020 Bulkers (FRA:0FF) EBIT: €32.08 Mil (TTM As of Mar. 2026)


FRA:0FF 2020 Bulkers Ltd FRA:0FF
56 GF Score
Price €0.32
GF Value €7.80
Valuation Significantly Undervalued
! 4 Warning Signs
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What is 2020 Bulkers EBIT?

2020 Bulkers FRA:0FF +8.15% 56 EBIT is €32.08 Mil as of Mar. 2026. GuruFocus rates FRA:0FF with a GF Score™ of 56/100 and a GF Value™ of €7.80 (Significantly Undervalued). The stock has 4 warning signs investors should review.

2020 Bulkers's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €32.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 2020 Bulkers's annualized ROC % for the quarter that ended in Mar. 2026 was 0.00%. 2020 Bulkers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. 2020 Bulkers's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -14.68%.

2020 Bulkers  (FRA:0FF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

2020 Bulkers's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=0 * ( 1 - 0% )/( (207.266 + 34.773)/ 2 )
=0/121.0195
=0.00 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=230.751 - 4.612 - ( 18.873 - max(0, 104.017 - 230.751+18.873))
=207.266

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=273.772 - 1.816 - ( 237.183 - max(0, 21.192 - 273.772+237.183))
=34.773

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

2020 Bulkers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (0 + max(201.887, 0)) + (0 + max(30.88, 0)) )/ 2 )
=0/( ( 201.887 + 30.88 )/ 2 )
=0/116.3835
=0.00 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.196 + 0 + 210.17) - (4.612 + 0 + 4.867)
=201.887

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.519 + 0 + 36.07) - (1.816 + 0 + 3.893)
=30.88

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

2020 Bulkers's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=32.078/-218.495
=-14.68 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

2020 Bulkers EBIT Related Terms

2020 Bulkers EBIT Historical Data

* Premium members only.

The historical data trend for 2020 Bulkers's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

2020 Bulkers EBIT Chart

2020 Bulkers Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only 71.07 39.08 35.12 80.03 31.85

2020 Bulkers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.94 6.59 10.05 13.49 0.00

2020 Bulkers EBIT Competitor Comparison

For the Marine Shipping subindustry, 2020 Bulkers's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

2020 Bulkers EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, 2020 Bulkers's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 2020 Bulkers's EV-to-EBIT falls into.


FRA:0FF
56GF Score
2020 Bulkers Ltd FRA:0FF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

2020 Bulkers EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €32.08 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €32.08 Mil mean?
2020 Bulkers (FRA:0FF) has a EBIT of €32.08 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on 2020 Bulkers.
Is 2020 Bulkers' EBIT too high?
2020 Bulkers' current EBIT is €32.08 Mil. Overall, 2020 Bulkers has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 2020 Bulkers' EBIT compare to competitors?
2020 Bulkers' EBIT of €32.08 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Transportation company?
A good EBIT depends on the Transportation industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on 2020 Bulkers. 2020 Bulkers's current EBIT is €32.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2020 Bulkers stock overvalued right now?
Based on GuruFocus' analysis, 2020 Bulkers (FRA:0FF) is currently considered Significantly Undervalued. The stock's GF Value™ is €7.80, compared to a current price of €0.32 — trading 95.9% below its estimated fair value. The current EBIT is €32.08 Mil. 2020 Bulkers' overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For 2020 Bulkers (FRA:0FF), the current EBIT is €32.08 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is 2020 Bulkers (FRA:0FF) Overvalued in 2026?

Based on GuruFocus' analysis, 2020 Bulkers stock appears to be undervalued. The current stock price of €0.32 is trading 95.9% below its estimated GF Value™ of €7.80. GuruFocus considers 2020 Bulkers to be Significantly Undervalued.

Key valuation signals for FRA:0FF:

  • EBIT: €32.08 Mil
  • GF Value™: €7.80 vs. price of €0.32 (95.9% below fair value)
  • GF Score™: 56/100 with 4 warning signs

No single metric tells the full story. See the FRA:0FF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

2020 Bulkers Business Description

Address Tjuvholmen alle 3, 9th floor, Oslo, NOR, 0252
2020 Bulkers Ltd is an owner and operator of large dry bulk vessels. The company has eight Newcastlemax dry bulk vessels in operation.
56GF Score

Get the complete analysis for FRA:0FF

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.32
Price
€7.80
GF Value