EDRY Stock Analysis: EuroDry | NASDAQ
Marine Shipping | NASDAQ, USA | Market Cap: 115m USD | 12M Return: 310.1% | MHY235081079 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.10M
Qual. Beats: 1
Rev. Trend: 39.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality
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: 9.35m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 11.38 > 1.0 |
| NWC/Revenue: 12.22% < 20% (prev -3.24%; Δ 15.46% < -1%) |
| CFO/TA 0.12 > 3% & CFO 24.9m > Net Income 9.35m |
| Net Debt (68.9m) to EBITDA (29.3m): 2.35 < 3 |
| Current Ratio: 1.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.84m) vs 12m ago 3.85% < -2% |
| Gross Margin: 36.62% > 18% (prev 7.86%; Δ 28.76% > 0.5%) |
| Asset Turnover: 29.71% > 50% (prev 24.06%; Δ 5.66% > 0%) |
| Interest Coverage Ratio: 2.72 > 6 (EBIT TTM 17.4m / Interest Expense TTM 6.39m) |
| 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: 0.08 (EBIT TTM 17.4m / Avg Total Assets 209.6m) |
| D: 0.97 (Book Value of Equity 100.1m / Total Liabilities 103.0m) |
| Altman-Z'' = 2.30 = BBB |
| DSRI: 0.61 (Receivables 4.93m/6.41m, Revenue 62.3m/49.7m) |
| GMI: 0.21 (GM 7.86% / 36.62%) |
| AQI: 0.79 (AQ_t 0.01 / AQ_t-1 0.02) |
| SGI: 1.25 (Revenue 62.3m / 49.7m) |
| TATA: -0.07 (NI 9.35m - CFO 24.9m) / TA 212.5m) |
| Beneish M = -4.00 (Cap -4..+1) = AAA |
As of August 20, 2026, the stock is trading at USD 43.29 with a total of 134,051 shares traded. Over the past week, the price has changed by +13.44%, over one month by +93.69%, over three months by +110.04% and over the past year by +310.14%.
Current recommended Stop Loss: 39.90 (which is 7.8% or 1.3 ATR below the current price).
EuroDry has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy EDRY.
- StrongBuy: 1
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 45.3 | 4.7% |
P/E Trailing = 11.0359
P/E Forward = 5.848
P/S = 1.8545
P/B = 1.0616
Revenue TTM = 62.3m USD
EBIT TTM = 17.4m USD
EBITDA TTM = 29.3m USD
Long Term Debt = 75.7m USD (from longTermDebt, last quarter)
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 = 184.4m USD (115.5m + Debt 97.4m - CCE 28.4m)
Interest Coverage Ratio = 2.72 (Ebit TTM 17.4m / Interest Expense TTM 6.39m)
EV/FCF = 10.66x (Enterprise Value 184.4m / FCF TTM 17.3m)
FCF Yield = 9.38% (FCF TTM 17.3m / Enterprise Value 184.4m)
FCF Margin = 27.78% (FCF TTM 17.3m / Revenue TTM 62.3m)
Net Margin = 15.02% (Net Income TTM 9.35m / Revenue TTM 62.3m)
Gross Margin = 36.62% ((Revenue TTM 62.3m - Cost of Revenue TTM 39.5m) / Revenue TTM)
Gross Margin QoQ = 60.30% (prev 31.32%)
Tobins Q-Ratio = 0.87 (Enterprise Value 184.4m / Total Assets 212.5m)
Interest Expense / Debt = 6.56% (Interest Expense 6.39m / Debt 97.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 13.8m (EBIT 17.4m * (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 = 2.35 (Net Debt 68.9m / EBITDA 29.3m)
Debt / FCF = 3.99 (Net Debt 68.9m / FCF TTM 17.3m)
Total Stockholder Equity = 94.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.46% (Net Income 9.35m / Total Assets 212.5m)
RoE = 9.92% (Net Income TTM 9.35m / Total Stockholder Equity 94.3m)
RoCE = 10.24% (EBIT 17.4m / Capital Employed (Equity 94.3m + L.T.Debt 75.7m))
RoIC = 6.75% (NOPAT 13.8m / Invested Capital 203.7m)
WACC = 7.94% (E(115.5m)/V(212.9m) * Re(10.27%) + D(97.4m)/V(212.9m) * Rd(6.56%) * (1-Tc(0.21)))
Discount Rate = 10.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.71 | Cagr: 1.76%
[DCF] Terminal Value 75.44% ; FCFF base≈17.3m ; Y1≈17.4m ; Y5≈18.4m
[DCF] Fair Price = 75.16 (EV 286.2m - Net Debt 68.9m = Equity 217.2m / Shares 2.89m; 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: 39.06 | Revenue CAGR: 4.63% | SUE: -0.74 | # QB: 0
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)