Eurodry Piotroski F Score

EDRY -  USA Stock  

USD 20.11  1.42  7.60%

This module uses fundamental data of Eurodry to approximate its Piotroski F score. Eurodry F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Eurodry. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Eurodry financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Eurodry Altman Z Score, Eurodry Correlation, Eurodry Valuation, as well as analyze Eurodry Alpha and Beta and Eurodry Hype Analysis.

Eurodry Piotroski F Score 

 
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Debt Non Current is likely to rise to about 46 M in 2022, whereas Total Debt is likely to drop slightly above 58.6 M in 2022. Eurodry Book Value per Share is fairly stable at the moment as compared to the past year. Eurodry reported Book Value per Share of 13.69 in 2021. Current Ratio is likely to rise to 0.29 in 2022, whereas EBITDA Margin is likely to drop 0.15 in 2022.
At this time, it appears that Eurodry's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On Assets
Negative
2
Change in Return on Assets
Decreased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
No Change
6
Current Ratio Change
Increase
7
Long Term Debt Over Assets Change
Lower Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
Increase

Eurodry Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Eurodry is to make sure Eurodry is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Eurodry's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Eurodry's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares2.6 M2.6 M
Slightly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted2.6 M2.6 M
Slightly Down
Increasing
Slightly volatile
Net Cash Flow from Operations2.7 M2.7 M
Fairly Up
Increasing
Very volatile
Total Assets127.3 M123.6 M
Fairly Up
Increasing
Slightly volatile
Total Liabilities52.6 M51.3 M
Fairly Up
Increasing
Very volatile
Current Assets8.4 MM
Fairly Up
Increasing
Slightly volatile
Current Liabilities17.6 M22.1 M
Significantly Down
Increasing
Slightly volatile
Total Debt58.6 M58.8 M
Slightly Down
Increasing
Slightly volatile
Return on Average Assets(0.0628)(0.0612)
Fairly Down
Decreasing
Slightly volatile
Gross Margin0.370.33
Moderately Up
Decreasing
Stable
Asset Turnover0.180.18
Steady
Decreasing
Slightly volatile

Eurodry F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Eurodry's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Eurodry in a much-optimized way.

About Eurodry Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

14.54Share
Eurodry Book Value per Share is fairly stable at the moment as compared to the past year. Eurodry reported Book Value per Share of 13.69 in 2021

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 M3.46 M4.69 M
Earnings Before Interest Taxes and Depreciation Amortization USD7.45 M9.46 M9.99 M3.01 M3.46 M4.69 M
Earnings before Tax849.7 K1.12 M16.5 K(5.88 M)(6.76 M)(6.94 M)
Free Cash Flow(6.73 M)(25.08 M)14 M1.71 M1.97 M2.13 M
Invested Capital121.24 M174.33 M153.89 M134.76 M154.97 M162.15 M
Tangible Asset Value97.45 M127.71 M117.69 M107.51 M123.64 M127.26 M
Working Capital(2.02 M)5.48 M(1.59 M)(13.2 M)(11.88 M)(12.2 M)

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.
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

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Eurodry and International Seaways. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Eurodry Altman Z Score, Eurodry Correlation, Eurodry Valuation, as well as analyze Eurodry Alpha and Beta and Eurodry Hype 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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.