EDRY Chart
About

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.

Fundamentals
Scroll to Statements
Sector Industrials Industry Marine Shipping Market Cap 60.48M
Enterprise Value 150.65M Income -4.26M Sales 52.26M
Book/sh 32.27 Cash/sh 7.03 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E 6.74 PEG —
P/S 1.16 P/B 0.66 P/C —
EV/EBITDA 11.97 EV/Sales 2.88 Quick Ratio 1.31
Current Ratio 1.53 Debt/Eq 100.36 LT Debt/Eq —
EPS (ttm) -4.99 EPS next Y 3.17 EPS Growth —
Revenue Growth 19.90% Earnings 2026-02-19 ROA 0.05%
ROE -3.64% ROIC — Gross Margin 36.02%
Oper. Margin 26.74% Profit Margin -8.16% Shs Outstand 2.83M
Shs Float 1.30M Short Float 0.07% Short Ratio 0.26
Short Interest — 52W High 21.45 52W Low 7.60
Beta 0.96 Avg Volume 4.42K Volume 28.48K
Target Price $29.33 Recom Strong_buy Prev Close $20.36
Price $21.40 Change 5.08%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$29.33
Mean price target
2. Current target
$21.40
Latest analyst target
3. DCF / Fair value
$62.79
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$21.40
Low
$25.00
High
$34.00
Mean
$29.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2023-11-28 init Alliance Global Partners — → Buy $30
2023-02-14 main Maxim Group — → Buy $30
2018-06-27 init Noble Capital Markets — → Buy $12
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.001.34M-1.30M
TaxRateForCalcs0.000.000.220.24
NormalizedEBITDA10.48M13.09M42.06M46.56M
TotalUnusualItems-2.16M1.08M6.09M-5.41M
TotalUnusualItemsExcludingGoodwill-2.16M1.08M6.09M-5.41M
NetIncomeFromContinuingOperationNetMinorityInterest-12.61M-2.91M33.54M31.15M
ReconciledDepreciation13.88M10.97M10.76M7.66M
ReconciledCostOfRevenue54.15M39.12M32.88M20.56M
EBITDA8.32M14.17M48.15M41.15M
EBIT-5.56M3.20M37.40M33.49M
NetInterestIncome-7.85M-5.59M-3.81M-2.33M
InterestExpense7.96M6.49M3.85M2.34M
InterestIncome103.52K897.62K46.30K10.48K
NormalizedIncome-10.44M-3.99M28.79M35.26M
NetIncomeFromContinuingAndDiscontinuedOperation-12.61M-2.91M33.54M31.15M
TotalExpenses64.58M46.36M38.92M25.55M
TotalOperatingIncomeAsReported-6.30M1.09M34.12M38.89M
DilutedAverageShares2.73M2.76M2.89M2.55M
BasicAverageShares2.73M2.76M2.88M2.53M
DilutedEPS-3.54-1.0511.6111.54
BasicEPS-3.54-1.0511.6611.63
DilutedNIAvailtoComStockholders-12.61M-2.91M33.54M29.40M
NetIncomeCommonStockholders-12.61M-2.91M33.54M29.40M
PreferredStockDividends1.75M
NetIncome-12.61M-2.91M33.54M31.15M
MinorityInterests911.37K374.07K0.000.00
NetIncomeIncludingNoncontrollingInterests-13.52M-3.28M33.54M31.15M
NetIncomeContinuousOperations-13.52M-3.28M33.54M31.15M
PretaxIncome-13.52M-3.28M33.54M31.15M
OtherIncomeExpense-2.16M1.08M6.09M-5.41M
SpecialIncomeCharges-2.80M-134.29K2.86M-1.65M
GainOnSaleOfPPE0.000.002.86M0.00
OtherSpecialCharges1.65M
WriteOff2.80M134.29K0.000.00
GainOnSaleOfSecurity631.76K1.21M3.23M-3.76M
NetNonOperatingInterestIncomeExpense-7.85M-5.59M-3.81M-2.33M
InterestExpenseNonOperating7.96M6.49M3.85M2.34M
InterestIncomeNonOperating103.52K897.62K46.30K10.48K
OperatingIncome-3.50M1.23M31.26M38.89M
OperatingExpense10.43M7.24M6.04M4.99M
OtherOperatingExpenses7.16M3.78M2.97M2.35M
SellingGeneralAndAdministration3.27M3.46M3.07M2.64M
GeneralAndAdministrativeExpense3.27M3.46M3.07M2.64M
OtherGandA3.27M3.46M3.07M2.64M
GrossProfit6.93M8.47M37.30M43.88M
CostOfRevenue54.15M39.12M32.88M20.56M
TotalRevenue61.08M47.59M70.18M64.44M
OperatingRevenue64.79M50.43M74.57M68.51M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber2.83M2.83M2.90M2.92M
ShareIssued2.83M2.83M2.90M2.92M
NetDebt100.48M95.93M47.18M51.81M
TotalDebt107.19M103.93M81.22M78.65M
TangibleBookValue96.74M109.66M113.94M78.92M
InvestedCapital203.93M213.59M195.16M157.58M
WorkingCapital4.57M-1.26M20.69M12.70M
NetTangibleAssets96.74M109.66M113.94M78.92M
CommonStockEquity96.74M109.66M113.94M78.92M
TotalCapitalization192.12M195.79M172.30M143.63M
TotalEquityGrossMinorityInterest105.59M119.43M113.94M78.92M
MinorityInterest8.85M9.77M0.00
StockholdersEquity96.74M109.66M113.94M78.92M
RetainedEarnings28.96M41.56M44.47M10.93M
AdditionalPaidInCapital67.75M68.07M69.44M67.96M
CapitalStock28.27K28.32K29.03K29.19K
CommonStock28.27K28.32K29.03K29.19K
TotalLiabilitiesNetMinorityInterest114.14M111.63M85.56M82.41M
TotalNonCurrentLiabilitiesNetMinorityInterest95.38M86.14M58.36M64.70M
PreferredSecuritiesOutsideStockEquity0.00
DerivativeProductLiabilities0.0017.77K0.000.00
LongTermDebtAndCapitalLeaseObligation95.38M86.12M58.36M64.70M
LongTermDebt95.38M86.12M58.36M64.70M
CurrentLiabilities18.76M25.48M27.20M17.71M
OtherCurrentLiabilities1.29M289.43K
CurrentDeferredLiabilities247.29K346.84K351.64K1.51M
CurrentDeferredRevenue247.29K346.84K351.64K1.51M
CurrentDebtAndCapitalLeaseObligation11.81M17.80M22.86M13.95M
CurrentDebt11.81M17.80M22.86M13.95M
OtherCurrentBorrowings11.81M17.80M22.86M13.95M
PayablesAndAccruedExpenses6.70M6.05M3.99M1.95M
CurrentAccruedExpenses3.85M2.32M1.00M852.44K
InterestPayable981.29K877.63K500.66K244.43K
Payables2.85M3.72M2.99M1.10M
DuetoRelatedPartiesCurrent181.01K577.54K0.00244.59K
AccountsPayable2.67M3.15M2.99M855.83K
TotalAssets219.74M231.05M199.51M161.33M
TotalNonCurrentAssets196.41M206.83M151.61M130.92M
OtherNonCurrentAssets3.61M3.30M1.89M2.22M
FinancialAssets144.52K0.00705.97K210.11K
NetPPE192.65M203.53M149.02M128.49M
AccumulatedDepreciation-54.41M-47.31M-36.35M-47.15M
GrossPPE247.06M250.84M185.37M175.65M
ConstructionInProgress7.19M0.00
CurrentAssets23.33M24.23M47.89M30.41M
HedgingAssetsCurrent120.67K196.63K1.44M0.00
AssetsHeldForSaleCurrent2.79M0.00
RestrictedCash1.59M2.80M1.20M459.94K
PrepaidAssets474.49K243.38K249.02K314.40K
Inventory2.10M4.12M1.06M770.34K
Receivables9.55M8.87M9.91M2.02M
OtherReceivables1.11M2.13M346.07K1.24M
DuefromRelatedPartiesCurrent0.002.42M0.00
AccountsReceivable8.43M6.74M7.15M775.03K
CashCashEquivalentsAndShortTermInvestments6.71M8.00M34.04M26.85M
CashAndCashEquivalents6.71M8.00M34.04M26.85M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-3.92M-53.50M-4.80M2.31M
RepurchaseOfCapitalStock-1.27M-2.03M-2.00M-16.61M
RepaymentOfDebt-12.64M-23.52M-17.52M-45.40M
IssuanceOfDebt16.00M46.50M20.00M76.70M
IssuanceOfCapitalStock0.000.002.69M9.98M
CapitalExpenditure-8.73M-65.30M-37.79M-36.82M
InterestPaidSupplementalData7.59M5.95M3.37M2.15M
EndCashPosition11.91M14.10M37.12M29.53M
BeginningCashPosition14.10M37.12M29.53M4.61M
ChangesInCash-2.19M-23.02M7.60M24.92M
FinancingCashFlow1.73M30.47M3.01M22.61M
CashFlowFromContinuingFinancingActivities1.73M30.47M3.01M22.61M
NetOtherFinancingCharges-355.00K9.52M-162.43K-980.33K
CashDividendsPaid0.000.00-1.09M
PreferredStockDividendPaid0.000.00-1.09M
NetPreferredStockIssuance0.000.00-16.61M
PreferredStockPayments0.000.00-16.61M
NetCommonStockIssuance-1.27M-2.03M686.34K9.98M
CommonStockPayments-1.27M-2.03M-2.00M0.00
CommonStockIssuance0.000.002.69M9.98M
NetIssuancePaymentsOfDebt3.35M22.98M2.48M31.30M
NetLongTermDebtIssuance3.35M22.98M2.48M31.30M
LongTermDebtPayments-12.64M-23.52M-17.52M-45.40M
LongTermDebtIssuance16.00M46.50M20.00M76.70M
InvestingCashFlow-8.73M-65.30M-28.40M-36.82M
CashFlowFromContinuingInvestingActivities-8.73M-65.30M-28.40M-36.82M
NetPPEPurchaseAndSale-8.73M-65.30M-28.40M-36.82M
SaleOfPPE0.009.39M0.00
PurchaseOfPPE-8.73M-65.30M-37.79M-36.82M
CapitalExpenditureReported-65.29M-37.79M-36.82M
OperatingCashFlow4.81M11.81M32.99M39.14M
CashFlowFromContinuingOperatingActivities4.81M11.81M32.99M39.14M
ChangeInWorkingCapital1.81M-271.20K-7.25M-1.08M
ChangeInOtherWorkingCapital-99.54K-4.80K-1.16M1.27M
ChangeInPayablesAndAccruedExpense860.09K1.88M2.02M-2.84M
ChangeInAccruedExpense1.53M1.32M152.28K147.93K
ChangeInPayable-673.37K564.16K1.87M-2.99M
ChangeInAccountPayable-276.84K-13.38K2.11M-251.26K
ChangeInPrepaidAssets-231.11K5.64K65.37K-88.36K
ChangeInInventory1.96M-3.06M-287.31K614.94K
ChangeInReceivables-678.06K907.91K-7.89M-29.57K
ChangesInAccountReceivables-1.69M272.93K-6.37M753.02K
OtherNonCashItems264.27K209.11K230.59K298.33K
StockBasedCompensation954.09K797.98K788.73K230.64K
AssetImpairmentCharge2.80M134.29K0.000.00
DepreciationAmortizationDepletion13.88M10.97M10.76M7.66M
DepreciationAndAmortization13.88M10.97M10.76M7.66M
Depreciation13.88M10.97M10.76M7.66M
OperatingGainsLosses-1.37M3.25M-5.08M876.94K
GainLossOnInvestmentSecurities-1.37M3.25M-2.22M-770.72K
GainLossOnSaleOfPPE0.000.00-2.86M0.00
NetIncomeFromContinuingOperations-13.52M-3.28M33.54M31.15M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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