EDRY Stock Analysis: EuroDry | NASDAQ
Marine Shipping | NASDAQ, USA | Market Cap: 136m USD | 12M Return: 279.7% | MHY235081079 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.27M
Qual. Beats: 1
Rev. Trend: 41.0%
Qual. Beats: -1
Warnings
Tailwinds
Seasonality 8.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
EuroDry Ltd. (EDRY) provides ocean-going drybulk transportation services worldwide, transporting both major bulks (iron ore, coal, grains) and minor bulks (bauxite, phosphate, fertilizers). As of March 31, 2026, the company operated a fleet of 11 drybulk carriers with a combined cargo capacity of 766,420 deadweight tons. The fleet was composed of three Panamax, two Kamsarmax, five Ultramax, and one Supramax drybulk carrier.
EuroDry is incorporated in 2018 and headquartered in Marousi, Greece, and is listed on NASDAQ. Operating in the Marine Transportation sub-industry of the Industrials sector, the company generates revenue primarily through chartering its vessels to commodity producers and traders, with earnings highly sensitive to drybulk freight rates and global trade volumes.
- Baltic Dry Index surge lifts charter rates and daily TCE earnings
- Chinese iron ore demand drives Panamax and Ultramax utilization higher
- Fleet renewal with Ultramax vessels supports margin expansion
| Net Income: 16.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 12.31 > 1.0 |
| NWC/Revenue: 11.60% < 20% (prev 9.91%; Δ 1.69% < -1%) |
| CFO/TA 0.14 > 3% & CFO 30.2m > Net Income 16.6m |
| Net Debt (68.9m) to EBITDA (36.8m): 1.87 < 3 |
| Current Ratio: 1.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.84m) vs 12m ago 2.75% < -2% |
| Gross Margin: 46.60% > 18% (prev 15.95%; Δ 30.65% > 0.5%) |
| Asset Turnover: 31.64% > 50% (prev 24.43%; Δ 7.20% > 0%) |
| Interest Coverage Ratio: 4.02 > 6 (EBIT TTM 25.0m / Interest Expense TTM 6.22m) |
| A: 0.04 (Total Current Assets 35.0m - Total Current Liabilities 27.4m) / Total Assets 212.5m |
| B: 0.15 (Retained Earnings 31.5m / Total Assets 212.5m) |
| C: 0.12 (EBIT TTM 25.0m / Avg Total Assets 207.3m) |
| D: 0.97 (Book Value of Equity 100.1m / Total Liabilities 103.0m) |
| Altman-Z'' = 2.55 = A |
| DSRI: 0.73 (Receivables 4.93m/5.10m, Revenue 65.6m/49.4m) |
| GMI: 0.34 (GM 15.95% / 46.60%) |
| AQI: 0.86 (AQ_t 0.01 / AQ_t-1 0.02) |
| SGI: 1.33 (Revenue 65.6m / 49.4m) |
| TATA: -0.06 (NI 16.6m - CFO 30.2m) / TA 212.5m) |
| Beneish M = -3.70 (Cap -4..+1) = AAA |
As of October 29, 2026, the stock is trading at USD 46.00 with a total of 56,379 shares traded. Over the past week, the price has changed by -3.34%, over one month by -11.23%, over three months by +88.91% and over the past year by +279.67%.
Current recommended Stop Loss: 39.90 (which is 13.3% or 1.3 ATR below the current price).
EuroDry has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy EDRY.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 45.3 | -1.5% |
P/E Trailing = 14.9185
P/E Forward = 8.3822
P/S = 2.1909
P/B = 1.6328
Revenue TTM = 65.6m USD
EBIT TTM = 25.0m USD
EBITDA TTM = 36.8m USD
Long Term Debt = 90.9m USD (from longTermDebt, last fiscal year)
Short Term Debt = 21.7m USD (from shortTermDebt, last quarter)
Debt = 97.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 68.9m USD (calculated: Debt 97.4m - CCE 28.4m)
Enterprise Value = 205.4m USD (136.4m + Debt 97.4m - CCE 28.4m)
Interest Coverage Ratio = 4.02 (Ebit TTM 25.0m / Interest Expense TTM 6.22m)
EV/FCF = 9.09x (Enterprise Value 205.4m / FCF TTM 22.6m)
FCF Yield = 11.00% (FCF TTM 22.6m / Enterprise Value 205.4m)
FCF Margin = 34.45% (FCF TTM 22.6m / Revenue TTM 65.6m)
Net Margin = 25.33% (Net Income TTM 16.6m / Revenue TTM 65.6m)
Gross Margin = 46.60% ((Revenue TTM 65.6m - Cost of Revenue TTM 35.0m) / Revenue TTM)
Gross Margin QoQ = 60.30% (prev 60.30%)
Tobins Q-Ratio = 0.97 (Enterprise Value 205.4m / Total Assets 212.5m)
Interest Expense / Debt = 6.38% (Interest Expense 6.22m / Debt 97.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 19.8m (EBIT 25.0m * (1 - 21.00%))
Current Ratio = 1.28 (Total Current Assets 35.0m / Total Current Liabilities 27.4m)
Debt / Equity = 0.97 (Debt 97.4m / totalStockholderEquity, last quarter 100.1m)
Debt / EBITDA = 1.87 (Net Debt 68.9m / EBITDA 36.8m)
Debt / FCF = 3.05 (Net Debt 68.9m / FCF TTM 22.6m)
Total Stockholder Equity = 96.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.02% (Net Income 16.6m / Total Assets 212.5m)
RoE = 17.16% (Net Income TTM 16.6m / Total Stockholder Equity 96.8m)
RoCE = 13.33% (EBIT 25.0m / Capital Employed (Equity 96.8m + L.T.Debt 90.9m))
RoIC = 9.71% (NOPAT 19.8m / Invested Capital 203.6m)
WACC = 7.41% (E(136.4m)/V(233.8m) * Re(9.10%) + D(97.4m)/V(233.8m) * Rd(6.38%) * (1-Tc(0.21)))
Discount Rate = 9.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.75 | Cagr: 2.14%
[DCF] Terminal Value 75.44% ; FCFF base≈22.6m ; Y1≈22.7m ; Y5≈24.0m
[DCF] Fair Price = 106.3 (EV 373.7m - Net Debt 68.9m = Equity 304.8m / Shares 2.87m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.94 | # QB: 1
Revenue Correlation: 40.99 | Revenue CAGR: 5.01% | SUE: -1.81 | # QB: -1
EPS current Quarter (2026-09-30): EPS=2.06 | Chg30d=+56.06% | Revisions=+40% | Analysts=2
EPS current Year (2026-12-31): EPS=6.21 | Chg30d=+73.22% | Revisions=+40% | GrowthEPS=+348.4% | GrowthRev=+32.4%
EPS next Year (2027-12-31): EPS=6.13 | Chg30d=+45.26% | Revisions=+0% | GrowthEPS=-1.3% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: +57% (up=4, down=0)