EuroDry (EDRY) AI Stock Analysis

• Market Cap: $34.17M
• Dividend Yield: N/A
• Average Volume (3M): 5.39K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: -20.95%
• EPS Growth: -77.49%
• Country: US
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): -0.23
• Shares Outstanding: 2,826,697
• 10 Day Avg. Volume: 2,828
• 30 Day Avg. Volume: 5,391
• PEG Ratio: -0.01
• Price to Book (P/B): 0.31
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -7.80
• Enterprise Value/Market Cap: 3.78
• Enterprise Value/Revenue: 2.62
• Enterprise Value/Gross Profit: 16.40
• Enterprise Value/Ebitda: 10.76
• 1Y Price Target: $22.50
• Price Target Upside: 69.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: $14.00 ▲(5.74% Upside)

EuroDry's overall stock score reflects significant financial challenges, including declining revenues and profitability issues, which weigh heavily on the score. Positive technical indicators and potential undervaluation provide some support, while the earnings call highlights both opportunities and ongoing risks. The company's strategic plans for fleet expansion and market recovery offer potential upside, but financial health remains a critical concern.

Positive Factors

Fleet Expansion

The addition of new vessels will enhance EuroDry's capacity and competitiveness, positioning it to capitalize on market recovery and demand growth.

Liquidity Improvement

Improved liquidity through strategic refinancing and asset sales strengthens EuroDry's financial flexibility, supporting future growth initiatives.

Market Conditions

Rising spot rates indicate a recovering market, which could lead to higher revenues and improved financial performance for EuroDry.

Negative Factors

Revenue Decline

A decline in revenues suggests challenges in maintaining market share and pricing power, potentially impacting long-term profitability.

Operating Expenses

Rising operating expenses can erode margins, reducing profitability and cash flow, which may hinder EuroDry's financial recovery efforts.

Debt Levels

High debt levels increase financial risk, limiting EuroDry's ability to invest in growth and potentially impacting its creditworthiness.

EuroDry Business Overview & Revenue Model

Company Description

EuroDry (EDRY) is a shipping company specializing in the transportation of dry bulk cargoes. The company operates a fleet of modern vessels, focusing on the dry bulk shipping sector, which includes commodities such as iron ore, coal, and grains. EuroDry aims to provide reliable and efficient shipping services to its global clientele, leveraging its operational expertise and strategic positioning in key maritime routes.

How the Company Makes Money

EuroDry generates revenue primarily through the chartering of its vessels. The company earns money by entering into time charters or voyage charters with various clients, which can include commodity traders, mining companies, and other entities requiring bulk transportation. In a time charter, EuroDry leases its ships for a specified period, receiving a daily rate, while in a voyage charter, it is paid per trip based on the cargo transported. Additionally, fluctuations in freight rates and demand for dry bulk shipping can significantly impact earnings. The company may also benefit from strategic partnerships with shipping brokers and other firms in the logistics and supply chain sector, enhancing its market presence and operational efficiency.

EuroDry Financial Statement Overview

Summary

EuroDry faces substantial financial challenges, with declining revenues, negative profitability, and cash flow constraints. The company's leverage is increasing, and its ability to generate positive cash flow is limited. These factors suggest a need for strategic adjustments to improve financial health and operational efficiency.

Income Statement

EuroDry's income statement reveals significant challenges. The company has experienced a sharp decline in revenue growth, with a negative growth rate of 65% in the TTM period. Profitability metrics such as the net profit margin and EBIT margin are negative, indicating operational inefficiencies and losses. The gross profit margin has also decreased significantly compared to previous years, reflecting reduced pricing power or increased costs. Despite these challenges, the EBITDA margin remains positive, suggesting some operational cash flow generation capability.

Balance Sheet

The balance sheet shows a moderately leveraged position with a debt-to-equity ratio slightly above 1. The equity ratio indicates that a reasonable portion of the company's assets is financed by equity, but the return on equity is negative, highlighting profitability issues. The company's financial stability is under pressure due to declining equity and increasing debt levels.

Cash Flow

EuroDry's cash flow statement reflects significant challenges in generating free cash flow, with a negative free cash flow growth rate and a negative free cash flow to net income ratio. The operating cash flow to net income ratio is low, indicating limited cash generation relative to net losses. These metrics suggest potential liquidity concerns and the need for improved cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	49.38M	61.08M	47.59M	70.18M	64.44M	22.29M
Gross Profit	7.88M	20.81M	8.47M	37.30M	43.98M	1.57M
EBITDA	12.00M	13.33M	14.17M	48.15M	41.45M	3.01M
Net Income	-10.73M	-9.66M	-2.91M	33.54M	31.15M	-5.88M
Balance Sheet
Total Assets	202.11M	219.74M	231.05M	199.51M	161.33M	107.51M
Cash, Cash Equivalents and Short-Term Investments	8.68M	6.71M	10.80M	35.24M	26.85M	938.28K
Total Debt	97.12M	107.19M	103.93M	81.22M	78.65M	51.11M
Total Liabilities	103.13M	114.14M	111.63M	85.56M	82.41M	56.97M
Stockholders Equity	89.90M	96.74M	109.66M	113.94M	78.92M	50.54M
Cash Flow
Free Cash Flow	-3.40M	-3.92M	-53.50M	-4.80M	2.31M	1.71M
Operating Cash Flow	4.35M	4.81M	11.81M	32.99M	39.14M	2.33M
Investing Cash Flow	-2.95M	-8.73M	-65.30M	-28.40M	-36.82M	-611.11K
Financing Cash Flow	2.91M	1.73M	30.47M	3.01M	22.61M	-6.24M

EuroDry Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EDRY, the sentiment is Positive. The current price of 13.24 is above the 20-day moving average (MA) of 13.04, above the 50-day MA of 12.64, and above the 200-day MA of 10.66, indicating a bullish trend. The MACD of 0.22 indicates Positive momentum. The RSI at 55.56 is Neutral, neither overbought nor oversold. The STOCH value of 30.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EDRY.

EuroDry Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSHG	66 Neutral	$25.24M	1.02	17.90%	―	-11.07%	-13.39%
TOPS	65 Neutral	$27.76M	2.60	7.94%	―	4.77%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EDRY	56 Neutral	$34.17M	-2.32	-11.12%	―	-20.95%	-77.49%
PXS	52 Neutral	$28.10M	-77.01	0.28%	―	-23.25%	-107.24%
GLBS	51 Neutral	$23.67M	-4.01	-3.35%	―	11.80%	-186.40%
CTRM	46 Neutral	$19.03M	―	-8.88%	―	-19.63%	-144.86%

EuroDry Corporate Events

EuroDry Ltd. Reports Q3 2025 Results and Announces New Financing Arrangements

EuroDry Ltd. reported its financial results for the third quarter and the nine-month period ending September 30, 2025. The company experienced a net loss of $0.7 million for the quarter, with total net revenues of $14.4 million. Despite the loss, EuroDry took significant steps to improve liquidity by refinancing a ship, selling an older vessel, and securing financing for newbuildings, which increased liquidity by approximately $15 million. The company anticipates that recent improvements in the drybulk market will positively impact its financial performance in the fourth quarter, supporting its fleet renewal and expansion plans into 2026.

EuroDry Reports Increased Losses Amid Revenue Decline

EuroDry Ltd. reported its financial results for the six months ended June 30, 2025, revealing a significant decrease in time charter revenue compared to the same period in 2024. The company experienced a net loss of $7.1 million, a substantial increase from the previous year’s loss of $2.2 million. Despite a net gain from the sale of a vessel, operating income turned negative, and cash flow from operating activities decreased sharply. These results indicate financial challenges for EuroDry, potentially impacting its market position and stakeholders.

EuroDry Ltd. Sells Panamax Bulk Carrier as Part of Fleet Renewal

On September 15, 2025, EuroDry Ltd. announced an agreement to sell the M/V Eirini P, a 2004-built Panamax Bulk Carrier, for approximately $8.5 million. This sale is part of EuroDry’s fleet renewal program and is expected to generate a gain of about $0.6 million, enhancing the company’s balance sheet and liquidity. The transaction reflects EuroDry’s strategic focus on modernizing its fleet and improving operational efficiency.