Eurodry Fundamentals

EDRY -  USA Stock  

USD 32.69  0.15  0.46%

Eurodry fundamentals help investors to digest information that contributes to Eurodry's financial success or failures. It also enables traders to predict the movement of Eurodry Stock. This fundamental analysis module provides a way for investors to measures Eurodry's intrinsic value by examining all of its available economic and financial indicators and drivers, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eurodry stock. Please note, this module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
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Eurodry Revenues is fairly stable at the moment as compared to the past year. Eurodry reported Revenues of 64.44 Million in 2021. Weighted Average Shares is likely to rise to about 2.6 M in 2022, whereas Selling General and Administrative Expense is likely to drop slightly above 2.5 M in 2022.

Eurodry Price to Earning Analysis

Eurodry's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
 2019 2020 2021 2022 (projected)
Current Assets9.58 M6.06 M30.41 M32.81 M
Total Assets117.69 M107.51 M161.33 M152.3 M
P/E 
 = 
Market Value Per Share 
Earnings Per Share 
More About Price to Earning | All Equity Analysis

Current Eurodry Price to Earning

    
  6.23 X  
Most of Eurodry's fundamental indicators, such as Price to Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Eurodry is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Eurodry Price to Earning Historical Pattern

Today, most investors in Eurodry Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Eurodry's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to earning growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Eurodry price to earning as a starting point in their analysis.
 Eurodry Price to Earning 
Share
      Timeline 
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Eurodry Accumulated Retained Earnings Deficit

Accumulated Retained Earnings Deficit

11.79 Million

Share
Eurodry Accumulated Retained Earnings Deficit are fairly stable at the moment as compared to the past year. Eurodry reported Accumulated Retained Earnings Deficit of 10.93 Million in 2021
Based on the latest financial disclosure, the price to earning indicator of Eurodry is roughly 6.23 times. This is 68.52% lower than that of the Industrials sector and significantly higher than that of the Marine Shipping industry. The price to earning for all United States stocks is 78.31% higher than that of the company.

Eurodry Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Eurodry's current stock value. Our valuation model uses many indicators to compare Eurodry value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Eurodry competition to find correlations between indicators driving Eurodry's intrinsic value. More Info.
Eurodry is one of the top stocks in current liabilities category among related companies. It is one of the top stocks in market capitalization category among related companies creating about  9.38  of Market Capitalization per Current Liabilities. Eurodry Current Liabilities is fairly stable at the moment as compared to the past year. Eurodry reported Current Liabilities of 17.71 Million in 2021. Comparative valuation analysis is a catch-all model that can be used if you cannot value Eurodry by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Eurodry's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Eurodry's earnings, one of the primary drivers of an investment's value.

Eurodry Current Valuation Drivers

We derive many important indicators used in calculating different scores of Eurodry from analyzing Eurodry's financial statements. These drivers represent accounts that assess Eurodry's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Eurodry's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Earnings Before Interest Taxes and Depreciation Amortization EBITDA7.45 M9.46 M9.99 M3.01 M41.15 M44.4 M
Earnings Before Interest Taxes and Depreciation Amortization USD7.45 M9.46 M9.99 M3.01 M41.15 M44.4 M
Earnings before Tax849.7 K1.12 M16.5 K(5.88 M)31.15 M33.61 M
Free Cash Flow(6.73 M)(25.08 M)14 M1.71 M2.31 M2.5 M
Invested Capital121.24 M174.33 M153.89 M134.76 M192.75 M187.2 M
Tangible Asset Value97.45 M127.71 M117.69 M107.51 M161.33 M152.3 M
Working Capital(2.02 M)5.48 M(1.59 M)(13.2 M)12.7 M13.71 M

Eurodry Fundamentals

About Eurodry Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Eurodry's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eurodry using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eurodry based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Deferred Revenue1.5 M1.6 M
Cost of Revenue12.9 M13.1 M
Revenues64.4 M69.5 M
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eurodry without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Eurodry

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eurodry position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eurodry will appreciate offsetting losses from the drop in the long position's value.

Eurodry Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Eurodry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eurodry when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eurodry - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eurodry to buy it.
The correlation of Eurodry is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eurodry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eurodry moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eurodry can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Eurodry Piotroski F Score and Eurodry Altman Z Score analysis. Note that the Eurodry information on this page should be used as a complementary analysis to other Eurodry's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Eurodry price analysis, check to measure Eurodry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eurodry is operating at the current time. Most of Eurodry's value examination focuses on studying past and present price action to predict the probability of Eurodry's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Eurodry's price. Additionally, you may evaluate how the addition of Eurodry to your portfolios can decrease your overall portfolio volatility.
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Is Eurodry's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eurodry. If investors know Eurodry will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eurodry listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Eurodry is measured differently than its book value, which is the value of Eurodry that is recorded on the company's balance sheet. Investors also form their own opinion of Eurodry's value that differs from its market value or its book value, called intrinsic value, which is Eurodry's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eurodry's market value can be influenced by many factors that don't directly affect Eurodry's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eurodry's value and its price as these two are different measures arrived at by different means. Investors typically determine Eurodry value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eurodry's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.