2020 Bulkers (FRA:0FF) Enterprise Value: €-219.18 Mil (As of Jun. 29, 2026) ***


FRA:0FF 2020 Bulkers Ltd FRA:0FF
60 GF Score
Price €0.28
GF Value €6.91
Valuation Significantly Undervalued
! 4 Warning Signs
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What is 2020 Bulkers Enterprise Value?

2020 Bulkers FRA:0FF -1.33% 60 Enterprise Value is €-219.18 Mil as of Jun. 29, 2026. GuruFocus rates FRA:0FF with a GF Score™ of 60/100 and a GF Value™ of €6.91 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, 2020 Bulkers's Enterprise Value is €-219.18 Mil. 2020 Bulkers's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €32.08 Mil. Therefore, 2020 Bulkers's EV-to-EBIT ratio for today is -6.83.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, 2020 Bulkers's Enterprise Value is €-219.18 Mil. 2020 Bulkers's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €39.54 Mil. Therefore, 2020 Bulkers's EV-to-EBITDA ratio for today is -5.54.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, 2020 Bulkers's Enterprise Value is €-219.18 Mil. 2020 Bulkers's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €54.65 Mil. Therefore, 2020 Bulkers's EV-to-Revenue ratio for today is -4.01.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, 2020 Bulkers's Enterprise Value is €-219.18 Mil. 2020 Bulkers's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €29.70 Mil. Therefore, 2020 Bulkers's EV-to-OCF ratio for today is -7.38.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, 2020 Bulkers's Enterprise Value is €-219.18 Mil. 2020 Bulkers's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €29.70 Mil. Therefore, 2020 Bulkers's EV-to-FCF ratio for today is -7.38.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


2020 Bulkers  (FRA:0FF) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

2020 Bulkers's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-219.180/32.078
=-6.83

2020 Bulkers's current Enterprise Value is €-219.18 Mil.
2020 Bulkers's 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.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

2020 Bulkers's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=-219.180/39.542
=-5.54

2020 Bulkers's current Enterprise Value is €-219.18 Mil.
2020 Bulkers's EBITDA 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 €39.54 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

2020 Bulkers's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=-219.180/54.647
=-4.01

2020 Bulkers's current Enterprise Value is €-219.18 Mil.
2020 Bulkers's Revenue 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 €54.65 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

2020 Bulkers's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=-219.180/29.701
=-7.38

2020 Bulkers's current Enterprise Value is €-219.18 Mil.
2020 Bulkers's Cash Flow from Operations 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 €29.70 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

2020 Bulkers's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=-219.180/29.701
=-7.38

2020 Bulkers's current Enterprise Value is €-219.18 Mil.
2020 Bulkers's Free Cash Flow 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 €29.70 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.


2020 Bulkers Enterprise Value Related Terms


2020 Bulkers Enterprise Value Historical Data

* Premium members only.

The historical data trend for 2020 Bulkers's Enterprise Value 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 Enterprise Value Chart

2020 Bulkers Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only 437.40 380.71 402.40 329.10 348.81

2020 Bulkers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 305.80 296.96 339.67 348.81 57.23

2020 Bulkers Enterprise Value Competitor Comparison

For the Marine Shipping subindustry, 2020 Bulkers's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Transportation Industry

For the Transportation industry and Industrials sector, 2020 Bulkers's Enterprise Value distribution charts can be found below:

* The bar in red indicates where 2020 Bulkers's Enterprise Value falls into.


FRA:0FF
60GF Score
2020 Bulkers Ltd FRA:0FF
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

2020 Bulkers Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

2020 Bulkers's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

2020 Bulkers's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of €-219.18 Mil mean?
2020 Bulkers (FRA:0FF) has a Enterprise Value of €-219.18 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on 2020 Bulkers and its competitors.
Is 2020 Bulkers' Enterprise Value too high?
2020 Bulkers' current Enterprise Value is €-219.18 Mil. Overall, 2020 Bulkers has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 2020 Bulkers' Enterprise Value compare to competitors?
2020 Bulkers' Enterprise Value of €-219.18 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 Enterprise Value for a Transportation company?
A good Enterprise Value depends on the Transportation industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on 2020 Bulkers and its competitors. 2020 Bulkers's current Enterprise Value is €-219.18 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 €6.91, compared to a current price of €0.28 — trading 95.9% below its estimated fair value. The current Enterprise Value is €-219.18 Mil. 2020 Bulkers' overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For 2020 Bulkers (FRA:0FF), the current Enterprise Value is €-219.18 Mil as of Jun. 29, 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 €0.28 is trading 95.9% below its estimated GF Value™ of €6.91. GuruFocus considers 2020 Bulkers to be Significantly Undervalued.

Key valuation signals for FRA:0FF:

  • Enterprise Value: €-219.18 Mil
  • GF Value™: €6.91 vs. price of €0.28 (95.9% below fair value)
  • GF Score™: 60/100 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.
60GF Score

Get the complete analysis for FRA:0FF

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

€0.28
Price
€6.91
GF Value