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EURODRY LTD (EDRY) Stock Fundamental Analysis

NASDAQ:EDRY - Nasdaq - MHY235081079 - Common Stock - Currency: USD

10.5  -0.22 (-2.1%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to EDRY. EDRY was compared to 29 industry peers in the Marine Transportation industry. Both the profitability and financial health of EDRY have multiple concerns. EDRY is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

EDRY had negative earnings in the past year.
In the past year EDRY had a positive cash flow from operations.
In multiple years EDRY reported negative net income over the last 5 years.
Each year in the past 5 years EDRY had a positive operating cash flow.
EDRY Yearly Net Income VS EBIT VS OCF VS FCFEDRY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M -40M

1.2 Ratios

EDRY's Return On Assets of -2.81% is on the low side compared to the rest of the industry. EDRY is outperformed by 89.29% of its industry peers.
The Return On Equity of EDRY (-5.85%) is worse than 85.71% of its industry peers.
The Return On Invested Capital of EDRY (0.63%) is worse than 75.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for EDRY is above the industry average of 8.54%.
The 3 year average ROIC (12.05%) for EDRY is well above the current ROIC(0.63%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA -2.81%
ROE -5.85%
ROIC 0.63%
ROA(3y)11.26%
ROA(5y)5.04%
ROE(3y)21.35%
ROE(5y)9.18%
ROIC(3y)12.05%
ROIC(5y)N/A
EDRY Yearly ROA, ROE, ROICEDRY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20

1.3 Margins

Looking at the Operating Margin, with a value of 2.50%, EDRY is doing worse than 85.71% of the companies in the same industry.
In the last couple of years the Operating Margin of EDRY has declined.
EDRY has a better Gross Margin (59.96%) than 64.29% of its industry peers.
In the last couple of years the Gross Margin of EDRY has declined.
Industry RankSector Rank
OM 2.5%
PM (TTM) N/A
GM 59.96%
OM growth 3YN/A
OM growth 5Y-32.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.51%
GM growth 5Y-1.53%
EDRY Yearly Profit, Operating, Gross MarginsEDRY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 -100

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1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), EDRY is creating some value.
EDRY has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, EDRY has more shares outstanding
EDRY has a worse debt/assets ratio than last year.
EDRY Yearly Shares OutstandingEDRY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 500K 1M 1.5M 2M 2.5M
EDRY Yearly Total Debt VS Total AssetsEDRY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

2.2 Solvency

EDRY has an Altman-Z score of 0.68. This is a bad value and indicates that EDRY is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.68, EDRY is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
EDRY has a Debt/Equity ratio of 0.81. This is a neutral value indicating EDRY is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.81, EDRY is doing worse than 71.43% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF N/A
Altman-Z 0.68
ROIC/WACC0.09
WACC7.38%
EDRY Yearly LT Debt VS Equity VS FCFEDRY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M

2.3 Liquidity

A Current Ratio of 0.84 indicates that EDRY may have some problems paying its short term obligations.
EDRY has a Current ratio of 0.84. This is in the lower half of the industry: EDRY underperforms 78.57% of its industry peers.
EDRY has a Quick Ratio of 0.84. This is a bad value and indicates that EDRY is not financially healthy enough and could expect problems in meeting its short term obligations.
EDRY has a worse Quick ratio (0.74) than 78.57% of its industry peers.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.74
EDRY Yearly Current Assets VS Current LiabilitesEDRY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M

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6

3. Growth

3.1 Past

EDRY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -313.79%.
Looking at the last year, EDRY shows a very strong growth in Revenue. The Revenue has grown by 33.47%.
Measured over the past years, EDRY shows a quite strong growth in Revenue. The Revenue has been growing by 14.18% on average per year.
EPS 1Y (TTM)-313.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-705.26%
Revenue 1Y (TTM)33.47%
Revenue growth 3Y28.77%
Revenue growth 5Y14.18%
Sales Q2Q%47.01%

3.2 Future

EDRY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 177.16% yearly.
The Revenue is expected to grow by 34.63% on average over the next years. This is a very strong growth
EPS Next Y-144.7%
EPS Next 2Y95.31%
EPS Next 3Y177.16%
EPS Next 5YN/A
Revenue Next Year30.63%
Revenue Next 2Y17.29%
Revenue Next 3Y34.63%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
EDRY Yearly Revenue VS EstimatesEDRY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M 100M
EDRY Yearly EPS VS EstimatesEDRY Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 5 10 15 20

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for EDRY. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 5.56, which indicates a rather cheap valuation of EDRY.
Based on the Price/Forward Earnings ratio, EDRY is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of EDRY to the average of the S&P500 Index (22.68), we can say EDRY is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 5.56
EDRY Price Earnings VS Forward Price EarningsEDRY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, EDRY is valued a bit more expensive than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.95
EDRY Per share dataEDRY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30

4.3 Compensation for Growth

A more expensive valuation may be justified as EDRY's earnings are expected to grow with 177.16% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y95.31%
EPS Next 3Y177.16%

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0

5. Dividend

5.1 Amount

No dividends for EDRY!.
Industry RankSector Rank
Dividend Yield N/A

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EURODRY LTD

NASDAQ:EDRY (2/21/2025, 8:15:06 PM)

10.5

-0.22 (-2.1%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)11-19 2024-11-19/bmo
Earnings (Next)02-24 2025-02-24/bmo
Inst Owners4.06%
Inst Owner Change-99.89%
Ins Owners4.68%
Ins Owner ChangeN/A
Market Cap29.30M
Analysts82.22
Price Target23.8 (126.67%)
Short Float %0.9%
Short Ratio1.26
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-182.61%
Min EPS beat(2)-236.67%
Max EPS beat(2)-128.55%
EPS beat(4)0
Avg EPS beat(4)-127.88%
Min EPS beat(4)-236.67%
Max EPS beat(4)-59.75%
EPS beat(8)1
Avg EPS beat(8)-89.81%
EPS beat(12)4
Avg EPS beat(12)-56.52%
EPS beat(16)5
Avg EPS beat(16)-46.84%
Revenue beat(2)0
Avg Revenue beat(2)-18.86%
Min Revenue beat(2)-31.95%
Max Revenue beat(2)-5.78%
Revenue beat(4)1
Avg Revenue beat(4)-7.9%
Min Revenue beat(4)-31.95%
Max Revenue beat(4)10.03%
Revenue beat(8)1
Avg Revenue beat(8)-15.73%
Revenue beat(12)1
Avg Revenue beat(12)-12.98%
Revenue beat(16)3
Avg Revenue beat(16)-8.98%
PT rev (1m)-12.5%
PT rev (3m)-21.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-98.87%
EPS NY rev (1m)-8.48%
EPS NY rev (3m)-408.02%
Revenue NQ rev (1m)-5.43%
Revenue NQ rev (3m)-20.2%
Revenue NY rev (1m)-1.97%
Revenue NY rev (3m)-17.49%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 5.56
P/S 0.47
P/FCF N/A
P/OCF 5.63
P/B 0.28
P/tB 0.28
EV/EBITDA 7.95
EPS(TTM)-2.2
EYN/A
EPS(NY)1.89
Fwd EY17.97%
FCF(TTM)-19.55
FCFYN/A
OCF(TTM)1.86
OCFY17.75%
SpS22.39
BVpS36.93
TBVpS36.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.81%
ROE -5.85%
ROCE 0.8%
ROIC 0.63%
ROICexc 0.64%
ROICexgc 0.64%
OM 2.5%
PM (TTM) N/A
GM 59.96%
FCFM N/A
ROA(3y)11.26%
ROA(5y)5.04%
ROE(3y)21.35%
ROE(5y)9.18%
ROIC(3y)12.05%
ROIC(5y)N/A
ROICexc(3y)14.87%
ROICexc(5y)N/A
ROICexgc(3y)14.87%
ROICexgc(5y)N/A
ROCE(3y)15.25%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-30.81%
ROICexc growth 3YN/A
ROICexc growth 5Y-30.81%
OM growth 3YN/A
OM growth 5Y-32.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.51%
GM growth 5Y-1.53%
F-Score5
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF N/A
Debt/EBITDA 5.47
Cap/Depr 439.33%
Cap/Sales 95.64%
Interest Coverage 250
Cash Conversion 34.29%
Profit Quality N/A
Current Ratio 0.84
Quick Ratio 0.74
Altman-Z 0.68
F-Score5
WACC7.38%
ROIC/WACC0.09
Cap/Depr(3y)475.78%
Cap/Depr(5y)290.77%
Cap/Sales(3y)82.73%
Cap/Sales(5y)51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-313.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-705.26%
EPS Next Y-144.7%
EPS Next 2Y95.31%
EPS Next 3Y177.16%
EPS Next 5YN/A
Revenue 1Y (TTM)33.47%
Revenue growth 3Y28.77%
Revenue growth 5Y14.18%
Sales Q2Q%47.01%
Revenue Next Year30.63%
Revenue Next 2Y17.29%
Revenue Next 3Y34.63%
Revenue Next 5YN/A
EBIT growth 1Y-35.52%
EBIT growth 3YN/A
EBIT growth 5Y-22.81%
EBIT Next Year4055.17%
EBIT Next 3Y508.5%
EBIT Next 5YN/A
FCF growth 1Y-1763.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-88.74%
OCF growth 3Y71.76%
OCF growth 5Y24.35%