EURODRY LTD (EDRY)
MHY235081079 - Common Stock
Overall EDRY gets a fundamental rating of 3 out of 10. We evaluated EDRY against 29 industry peers in the Marine Transportation industry. Both the profitability and financial health of EDRY have multiple concerns. EDRY has a correct valuation and a medium growth rate.
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.
The reported net income has been mixed in the past 5 years: EDRY reported negative net income in multiple years.
In the past 5 years EDRY always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of -1.26%, EDRY is not doing good in the industry: 82.76% of the companies in the same industry are doing better.
EDRY has a Return On Equity of -2.65%. This is amonst the worse of the industry: EDRY underperforms 86.21% of its industry peers.
The Return On Invested Capital of EDRY (0.42%) is worse than 79.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for EDRY is above the industry average of 7.90%.
The 3 year average ROIC (12.05%) for EDRY is well above the current ROIC(0.42%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.26% | ||
| ROE | -2.65% | ||
| ROIC | 0.42% |
ROA(3y)11.26%
ROA(5y)5.04%
ROE(3y)21.35%
ROE(5y)9.18%
ROIC(3y)12.05%
ROIC(5y)N/A
1.3 Margins
EDRY's Operating Margin of 2.31% is on the low side compared to the rest of the industry. EDRY is outperformed by 75.86% of its industry peers.
EDRY's Operating Margin has declined in the last couple of years.
EDRY's Gross Margin of 56.11% is in line compared to the rest of the industry. EDRY outperforms 55.17% of its industry peers.
EDRY's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.31% | ||
| PM (TTM) | N/A | ||
| GM | 56.11% |
OM growth 3YN/A
OM growth 5Y-32.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.34%
GM growth 5Y-1.63%
2. Health
2.1 Basic Checks
EDRY has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
EDRY has less shares outstanding than it did 1 year ago.
EDRY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for EDRY is higher compared to a year ago.
2.2 Solvency
EDRY has an Altman-Z score of 0.75. This is a bad value and indicates that EDRY is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.75, EDRY is doing worse than 62.07% of the companies in the same industry.
A Debt/Equity ratio of 0.79 indicates that EDRY is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.79, EDRY is doing worse than 68.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.75 |
ROIC/WACC0.08
WACC5.51%
2.3 Liquidity
EDRY has a Current Ratio of 0.95. 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 Current ratio of 0.95. This is amonst the worse of the industry: EDRY underperforms 82.76% of its industry peers.
EDRY has a Quick Ratio of 0.95. This is a bad value and indicates that EDRY is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of EDRY (0.79) is worse than 86.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
The earnings per share for EDRY have decreased strongly by -109.00% in the last year.
The Revenue for EDRY has decreased by -32.19% in the past year. This is quite bad
EDRY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.18% yearly.
EPS 1Y (TTM)-109%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-94.09%
Revenue 1Y (TTM)-32.19%
Revenue growth 3Y28.77%
Revenue growth 5Y14.18%
Revenue growth Q2Q5.15%
3.2 Future
EDRY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 119.59% yearly.
Based on estimates for the next years, EDRY will show a very strong growth in Revenue. The Revenue will grow by 26.91% on average per year.
EPS Next Y338.65%
EPS Next 2Y119.59%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year54.06%
Revenue Next 2Y26.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for EDRY. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 8.15 indicates a reasonable valuation of EDRY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EDRY is on the same level as its industry peers.
EDRY is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.15 |
4.2 Price Multiples
EDRY's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. EDRY is more expensive than 75.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.71 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
EDRY's earnings are expected to grow with 119.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y119.59%
EPS Next 3YN/A
5. Dividend
5.1 Amount
EDRY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
EURODRY LTD
NASDAQ:EDRY (5/2/2024, 8:36:09 AM)
20.23
-0.07 (-0.32%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap57.25M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.15 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.26% | ||
| ROE | -2.65% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 2.31% | ||
| PM (TTM) | N/A | ||
| GM | 56.11% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-109%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y338.65%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-32.19%
Revenue growth 3Y28.77%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y