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EuroDry Ltd (EDRY)



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Upturn Advisory Summary
06/16/2025: EDRY (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $20
1 Year Target Price $20
1 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 17.55% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 27.65M USD | Price to earnings Ratio - | 1Y Target Price 20 |
Price to earnings Ratio - | 1Y Target Price 20 | ||
Volume (30-day avg) 3 | Beta 0.9 | 52 Weeks Range 7.60 - 24.73 | Updated Date 06/30/2025 |
52 Weeks Range 7.60 - 24.73 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -5.39 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-06-05 | When - | Estimate -1.25 | Actual -2.07 |
Profitability
Profit Margin -26% | Operating Margin (TTM) -45.95% |
Management Effectiveness
Return on Assets (TTM) -1.25% | Return on Equity (TTM) -14.27% |
Valuation
Trailing PE - | Forward PE 12.76 | Enterprise Value 125686643 | Price to Sales(TTM) 0.49 |
Enterprise Value 125686643 | Price to Sales(TTM) 0.49 | ||
Enterprise Value to Revenue 2.25 | Enterprise Value to EBITDA 22.01 | Shares Outstanding 2826700 | Shares Floating 1297906 |
Shares Outstanding 2826700 | Shares Floating 1297906 | ||
Percent Insiders 54.59 | Percent Institutions 5.12 |
Analyst Ratings
Rating 2 | Target Price 20 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
EuroDry Ltd
Company Overview
History and Background
EuroDry Ltd. was founded in 2005 as a spin-off from Euroseas Ltd., focusing on dry bulk shipping. It operates as a holding company providing seaborne transportation services worldwide.
Core Business Areas
- Dry Bulk Shipping: Owns and operates a fleet of dry bulk vessels, transporting major bulks such as iron ore, coal, and grains, as well as minor bulks including bauxite, fertilizers, and steel products. Operates primarily in the spot market but also enters into time charter contracts.
Leadership and Structure
Aristides Pittas serves as Chairman and CEO. The company has a board of directors and a management team overseeing operations, finance, and commercial activities.
Top Products and Market Share
Key Offerings
- Dry Bulk Transportation: EuroDry provides transportation services for dry bulk commodities. Market share data specific to EuroDry is difficult to pinpoint due to the fragmented nature of the dry bulk shipping market. Competitors include Star Bulk Carriers Corp. (SBLK), Genco Shipping & Trading Limited (GNK), and Eagle Bulk Shipping Inc. (EGLE).
Market Dynamics
Industry Overview
The dry bulk shipping industry is highly cyclical and influenced by global trade, economic growth, and supply and demand of vessels. It's subject to volatility in freight rates.
Positioning
EuroDry is a smaller player within the dry bulk shipping market, focusing on owning and operating a fleet of dry bulk vessels. Its competitive advantage lies in its experienced management team and ability to capitalize on market opportunities.
Total Addressable Market (TAM)
The global dry bulk shipping market is estimated to be in the hundreds of billions of dollars. EuroDry is positioned to capture a small segment of this TAM, dependent on its fleet size and utilization rates.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Modern Fleet
- Strong Relationships with Charterers
Weaknesses
- Smaller Fleet Size Compared to Competitors
- High Dependence on Spot Market Rates
- Limited Geographic Diversification
Opportunities
- Increased Global Trade and Demand for Dry Bulk Commodities
- Expansion of Fleet Through Acquisitions
- Development of New Shipping Routes
Threats
- Fluctuations in Freight Rates
- Increased Competition
- Geopolitical Instability
- Environmental Regulations
Competitors and Market Share
Key Competitors
- SBLK
- GNK
- EGLE
Competitive Landscape
EuroDry faces competition from larger, more established dry bulk shipping companies. Its smaller size can limit its ability to achieve economies of scale, but its experienced management team allows it to navigate the volatile market effectively.
Growth Trajectory and Initiatives
Historical Growth: Historical growth patterns depend on fleet expansion, freight rate fluctuations, and overall market conditions.
Future Projections: Future growth projections depend on management's strategy and market conditions.
Recent Initiatives: Recent initiatives are unavailable but would include vessel acquisitions, fleet optimization, and cost-saving measures.
Summary
EuroDry Ltd. operates in the volatile dry bulk shipping market. While possessing an experienced management team, its smaller fleet size makes it vulnerable to market fluctuations. The company's success hinges on strategic fleet management and capitalizing on opportunities in global trade. Environmental regulations pose a significant challenge.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Financial News Outlets
Disclaimers:
This analysis is based on publicly available information and general industry knowledge. It is not financial advice, and investors should conduct their own due diligence before making any investment decisions. Market share figures are estimates.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About EuroDry Ltd
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2018-05-31 | Chairman, President & CEO Mr. Aristides J. Pittas | ||
Sector Industrials | Industry Marine Shipping | Full time employees - | Website https://www.eurodry.gr |
Full time employees - | Website https://www.eurodry.gr |
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 April 30, 2025, it operated through a fleet of 12 drybulk carriers comprising four Panamax, two Kamsarmax, five Ultramax, and one Supramax drybulk carriers with a total cargo carrying capacity of 843,402 deadweight tons. The company was incorporated in 2018 and is based in Marousi, Greece.
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