-2.38%
1.23%
-32.21%
-45.18%
-43.98%
-45.29%
89.60%
AI Spotlight on EDRY
Company Description
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide.The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers.As of March 31, 2022, it operated a fleet of ten drybulk carriers comprising five Panamax drybulk carriers, two Ultramax drybulk carrier, two Kamsarmax carriers, and one Supramax drybulk carrier with a cargo capacity of 726,555 deadweight tons.
EuroDry Ltd.was incorporated in 2018 and is based in Marousi, Greece.
Market Data
| Last Price | 11.49 |
| Change Percentage | -2.38% |
| Open | 11.64 |
| Previous Close | 11.77 |
| Market Cap ( Millions) | 32 |
| Volume | 3500 |
| Year High | 24.84 |
| Year Low | 10.04 |
| M A 50 | 12.15 |
| M A 200 | 18.67 |
Financial Ratios
| FCF Yield | -170.33% |
| Dividend Yield | 0.00% |
| ROE | -5.64% |
| Debt / Equity | 91.17% |
| Net Debt / EBIDTA | 632.53% |
| Price To Book | 0.3 |
| Price Earnings Ratio | -5.21 |
| Price To FCF | -0.59 |
| Price To sales | 0.51 |
| EV / EBITDA | 8.55 |
News
- Nov -19 - EuroDry Ltd. (EDRY) Q3 2024 Earnings Call Transcript
- Nov -19 - EuroDry (EDRY) Reports Q3 Loss, Misses Revenue Estimates
- Nov -19 - EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2024
- Nov -06 - Analysts Estimate EuroDry (EDRY) to Report a Decline in Earnings: What to Look Out for
- Sep -23 - EuroDry Announces Participation at Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference
- Aug -09 - EuroDry Ltd. (EDRY) Q2 2024 Earnings Call Transcript
- Aug -08 - EuroDry (EDRY) Reports Q2 Loss, Misses Revenue Estimates
- Aug -08 - EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2024
- Aug -05 - EuroDry Ltd. Sets Date for the Release of Second Quarter 2024 Results, Conference Call and Webcast
- Jul -31 - New Strong Sell Stocks for July 31st
- May -21 - EuroDry Ltd. (EDRY) Q1 2024 Earnings Call Transcript
- May -21 - EuroDry (EDRY) Reports Q1 Loss, Misses Revenue Estimates
- May -21 - EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2024
- May -17 - EuroDry Ltd. Sets Date for the Release of First Quarter 2024 Results, Conference Call and Webcast
- Mar -18 - EuroDry (EDRY) is on the Move, Here's Why the Trend Could be Sustainable
- Mar -01 - Recent Price Trend in EuroDry (EDRY) is Your Friend, Here's Why
- Mar -01 - Are Transportation Stocks Lagging EuroDry (EDRY) This Year?
- Feb -16 - EuroDry Ltd. (EDRY) Q4 2023 Earnings Call Transcript
- Feb -15 - EuroDry (EDRY) Q4 Earnings and Revenues Beat Estimates
- Feb -15 - EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2023
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Time Charter
Expected Growth : 4.83 %
What the company do ?
Time Charter from EuroDry Ltd. is a contract where a shipowner hires out a vessel for a set period to a charterer, who pays a daily rate for its use.
Why we expect these perspectives ?
EuroDry Ltd.'s 4.83% Time Charter growth driven by increasing global trade, rising commodity demand, and a rebound in shipping rates. Additionally, the company's modern fleet and operational efficiency have enabled it to capitalize on the upswing in the dry bulk shipping market, further boosting revenue.
Segment n°2 -> Commissions
Expected Growth : 4.83 %
What the company do ?
EuroDry Ltd. offers commissions to shipbrokers and charterers for arranging time charters, spot charters, and other shipping services, generating additional revenue streams.
Why we expect these perspectives ?
EuroDry Ltd.'s 4.83% growth in commissions is driven by increasing demand for dry bulk shipping services, expansion into new markets, and strategic partnerships. Additionally, the company's focus on operational efficiency and cost savings has contributed to improved margins, further boosting commission growth.
Segment n°3 -> Voyage Charter
Expected Growth : 4.83 %
What the company do ?
A Voyage Charter from EuroDry Ltd. is a contract where a shipowner hires out their vessel to a charterer for a single voyage, specifying cargo, route, and duration.
Why we expect these perspectives ?
EuroDry Ltd.'s 4.83% growth in Voyage Charter is driven by increasing global trade, rising commodity demand, and a growing need for dry bulk shipping. Additionally, the company's strategic fleet expansion, operational efficiency, and cost management have contributed to this growth.
Eurodry Ltd. Products
| Product Range | What is it ? |
|---|---|
| Dry Bulk Vessels | EuroDry Ltd. operates a fleet of dry bulk vessels that transport a variety of dry bulk cargoes such as iron ore, coal, grains, and other commodities. |
| Supramax Vessels | EuroDry Ltd. operates a fleet of Supramax vessels that cater to the transportation needs of dry bulk commodities. |
| Ultramax Vessels | EuroDry Ltd. operates a fleet of Ultramax vessels that provide efficient and cost-effective transportation of dry bulk commodities. |
| Kamsarmax Vessels | EuroDry Ltd. operates a fleet of Kamsarmax vessels that cater to the transportation needs of dry bulk commodities. |
| Ship Management Services | EuroDry Ltd. provides ship management services that include technical management, crew management, and commercial management. |
EuroDry Ltd.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for EuroDry Ltd. is medium due to the availability of alternative dry bulk shipping companies.
Bargaining Power Of Customers
The bargaining power of customers for EuroDry Ltd. is low due to the company's strong relationships with its customers and the lack of concentration in the customer base.
Bargaining Power Of Suppliers
The bargaining power of suppliers for EuroDry Ltd. is medium due to the availability of alternative suppliers of dry bulk shipping services.
Threat Of New Entrants
The threat of new entrants for EuroDry Ltd. is low due to the high barriers to entry in the dry bulk shipping industry, including the need for significant capital investment and regulatory compliance.
Intensity Of Rivalry
The intensity of rivalry for EuroDry Ltd. is high due to the competitive nature of the dry bulk shipping industry, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 48.66% |
| Debt Cost | 7.04% |
| Equity Weight | 51.34% |
| Equity Cost | 7.67% |
| WACC | 7.36% |
| Leverage | 94.77% |
EuroDry Ltd. : Quality Control
EuroDry Ltd. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CADLR.OL | Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. The company also provides wind farm maintenance, construction, decommissioning, and other tasks within the offshore industry. … |
| DFDS.CO | DFDS A/S provides logistics solutions in Denmark and internationally. The company operates through Ferry and Logistics divisions. The Ferry division operates ferry routes in and around Europe transporting freight units, … |
| SHIP | Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 17 Capesize vessels with a cargo-carrying capacity of … |
| ZIM | ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of … |
| HHFA.DE | Hamburger Hafen und Logistik Aktiengesellschaft operates as a port and transport logistics company in Germany, rest of European Union, and internationally. It operates through four segments: Container, Intermodal, Logistics, and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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4
Cadeler
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6
