Eurodry Ltd.

  • Market Cap: Micro Cap
  • Industry: Transport Services
  • ISIN: MHY235081079
USD
13.63
0.63 (4.85%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

784

Shareholding (Mar 2025)

FII

0.01%

Held by 2 FIIs

DII

99.99%

Held by 0 DIIs

Promoter

0.00%

How big is Eurodry Ltd.?

22-Jun-2025

As of Jun 18, Eurodry Ltd. has a market capitalization of 26.41 million, with net sales of 55.87 million and a net profit of -12.67 million over the last four quarters. Shareholder's funds total 96.74 million, and total assets are reported at 219.74 million.

As of Jun 18, Eurodry Ltd. has a market capitalization of 26.41 million, categorizing it as a Micro Cap company.<BR><BR>As of Jun 18, the sum of net sales for the latest four quarters is 55.87 million, while the sum of net profit for the same period is -12.67 million.<BR><BR>As of Dec 24, the shareholder's funds amount to 96.74 million, and the total assets are reported at 219.74 million.

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What does Eurodry Ltd. do?

22-Jun-2025

Eurodry Ltd. is a Greece-based micro-cap company engaged in dry cargo and dry bulk shipping, with recent net sales of $9 million and a net loss of $4 million. The company has a market cap of $26.41 million and a debt-to-equity ratio of 1.03.

Overview: <BR>Eurodry Ltd. is a Greece-based company operating in the dry cargo and dry bulk shipping markets, categorized under Transport Services and classified as a micro-cap company.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 9 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -4 Million (Quarterly Results - Mar 2025) <BR>Market-cap: USD 26.41 Million (Micro Cap)<BR><BR>Key Metrics: <BR>Debt Equity: 1.03 <BR>Return on Equity: -10.17% <BR>Price to Book: 0.28<BR><BR>Contact Details: <BR>Address: 4 Messogiou & Evropis Street, ATHINA None: 151 24 <BR>Tel: ['30 21 11804006']

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Should I buy, sell or hold Eurodry Ltd.?

22-Jun-2025

Is Eurodry Ltd. overvalued or undervalued?

20-Sep-2025

As of February 15, 2024, Eurodry Ltd. is considered a risky investment due to its high valuation metrics, including an EV to EBITDA of 12.78 and negative returns on capital and equity, despite a recent short-term performance outpacing the S&P 500.

As of 15 February 2024, the valuation grade for Eurodry Ltd. has moved from expensive to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued based on its current metrics, particularly given its Price to Book Value of 0.25 and an EV to EBITDA ratio of 12.78, which suggests a high valuation relative to earnings before interest, taxes, depreciation, and amortization. Additionally, the negative ROCE of -2.30% and ROE of -10.30% further highlight the challenges the company faces in generating returns.<BR><BR>In comparison to peers, Eurodry Ltd.'s EV to EBITDA of 12.78 is significantly higher than Euroseas Ltd.'s attractive ratio of 3.8090, indicating that Eurodry is trading at a premium despite its risky classification. Furthermore, Grindrod Shipping Holdings Ltd., also rated risky, shows an EV to EBITDA of 6.1469, reinforcing the notion that Eurodry may not be a favorable investment at its current price of 13.00. While Eurodry has outperformed the S&P 500 in the short term with a 1-month return of 26.71% compared to 2.33%, its long-term performance is concerning, with a 1-year return of -35.32% versus the S&P 500's 17.14%.

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Is Eurodry Ltd. technically bullish or bearish?

20-Sep-2025

As of September 10, 2025, Eurodry Ltd. shows a mildly bullish trend with strong weekly indicators, despite mixed monthly signals and underperformance in the long term compared to the S&P 500.

As of 10 September 2025, the technical trend for Eurodry Ltd. has changed from sideways to mildly bullish. The weekly MACD and moving averages indicate bullish momentum, while the monthly MACD and KST are bearish, suggesting mixed signals across time frames. The RSI shows a bullish stance on the monthly but no signal on the weekly. Bollinger Bands are bullish weekly but mildly bearish monthly. Dow Theory and OBV both reflect a mildly bullish outlook on both weekly and monthly bases. <BR><BR>In terms of performance, Eurodry has outperformed the S&P 500 over the past week and month, with returns of 8.88% and 26.71% compared to 1.05% and 2.33% respectively, but has underperformed over the longer term, particularly in the 1Y and 3Y periods. Overall, the current stance is mildly bullish, driven by strong weekly indicators despite some bearish monthly signals.

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iScoreScore
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Strong Sell
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Strong Buy

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Dashboard
1

Poor Management Efficiency with a low ROCE of 9.17%

  • The company has been able to generate a Return on Capital Employed (avg) of 9.17% signifying low profitability per unit of total capital (equity and debt)
2

The company has declared Negative results for the last 3 consecutive quarters

3

Risky - Negative Operating Profits

4

Falling Participation by Institutional Investors

5

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Transport Services

stock-summary
Market cap

USD 31 Million (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

1.03

stock-summary
Return on Equity

-13.44%

stock-summary
Price to Book

0.34

Revenue and Profits:
Net Sales:
11 Million
(Quarterly Results - Jun 2025)
Net Profit:
-3 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
25.05%
0%
25.05%
6 Months
67.14%
0%
67.14%
1 Year
1.64%
0%
1.64%
2 Years
-31.85%
0%
-31.85%
3 Years
-16.02%
0%
-16.02%
4 Years
-28.83%
0%
-28.83%
5 Years
139.12%
0%
139.12%

Eurodry Ltd. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
15.34%
EBIT Growth (5y)
-230.18%
EBIT to Interest (avg)
4.81
Debt to EBITDA (avg)
5.10
Net Debt to Equity (avg)
1.03
Sales to Capital Employed (avg)
0.28
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
4.27%
ROCE (avg)
9.17%
ROE (avg)
13.34%
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.25
EV to EBIT
-27.53
EV to EBITDA
12.78
EV to Capital Employed
0.63
EV to Sales
2.15
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-2.30%
ROE (Latest)
-10.30%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
No Signal
Bullish
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bearish
Dow Theory
No Trend
Bearish
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Foreign Institutions

Domestic Funds

Held in 0 Schemes (0%)

Foreign Institutions

Held by 2 Foreign Institutions (0.01%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is 22.83% vs -36.55% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is 22.50% vs -29.03% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "11.30",
          "val2": "9.20",
          "chgp": "22.83%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "2.00",
          "val2": "-1.00",
          "chgp": "300.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "1.70",
          "val2": "1.80",
          "chgp": "-5.56%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-0.10",
          "val2": "-0.10",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-3.10",
          "val2": "-4.00",
          "chgp": "22.50%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-116.20%",
          "val2": "-459.50%",
          "chgp": "34.33%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 28.36% vs -32.19% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is -309.09% vs -109.85% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "61.10",
          "val2": "47.60",
          "chgp": "28.36%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "13.60",
          "val2": "12.80",
          "chgp": "6.25%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "8.00",
          "val2": "6.50",
          "chgp": "23.08%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-1.40",
          "val2": "-3.30",
          "chgp": "57.58%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-13.50",
          "val2": "-3.30",
          "chgp": "-309.09%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-9.00%",
          "val2": "33.50%",
          "chgp": "-4.25%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQstock-summary
Jun'25
Mar'25
Change(%)
Net Sales
11.30
9.20
22.83%
Operating Profit (PBDIT) excl Other Income
2.00
-1.00
300.00%
Interest
1.70
1.80
-5.56%
Exceptional Items
-0.10
-0.10
Consolidate Net Profit
-3.10
-4.00
22.50%
Operating Profit Margin (Excl OI)
-116.20%
-459.50%
34.33%
USD in Million.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Jun 2025 is 22.83% vs -36.55% in Mar 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Jun 2025 is 22.50% vs -29.03% in Mar 2025

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
61.10
47.60
28.36%
Operating Profit (PBDIT) excl Other Income
13.60
12.80
6.25%
Interest
8.00
6.50
23.08%
Exceptional Items
-1.40
-3.30
57.58%
Consolidate Net Profit
-13.50
-3.30
-309.09%
Operating Profit Margin (Excl OI)
-9.00%
33.50%
-4.25%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 28.36% vs -32.19% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is -309.09% vs -109.85% in Dec 2023

stock-summaryCompany CV
About Eurodry Ltd. stock-summary
stock-summary
Eurodry Ltd.
Transport Services
EuroDry Ltd is a Greece-based company which operates in the dry cargo, dry bulk shipping markets. The Company's operations are managed by Eurobulk Ltd an affiliated ship management company and Eurobulk (Far East) Ltd. Inc, which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry Ltd employs its vessels on spot and period charters and through pool arrangements. The Company has a fleet of more than five vessels, including Kamsarmax drybulk carriers, Panamax drybulk carriers and an Ultramax drybulk carrier with a total cargo capacity of approximately 400,000 deadweight tonnage (dwt). The Company's subsidiaries are: Kamsarmax One Shipping Ltd, Kamsarmax Two Shipping Ltd and Eirini Shipping Ltd, among others.
Company Coordinates stock-summary
Company Details
4 Messogiou & Evropis Street , ATHINA None : 151 24
stock-summary
Tel: 30 21 11804006
stock-summary
stock-summary
Registrar Details