Eurodry Profitability Analysis

EDRY -  USA Stock  

USD 30.88  1.53  5.21%

For Eurodry profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eurodry to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eurodry utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eurodry's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eurodry over time as well as its relative position and ranking within its peers. Continue to Investing Opportunities.

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Eurodry Price to Sales Ratio is fairly stable at the moment as compared to the past year. Eurodry reported Price to Sales Ratio of 0.56 in 2020. Sales per Share is likely to rise to 10.52 in 2021, whereas Return on Sales is likely to drop (0.17)  in 2021. Preferred Dividends Income Statement Impact is likely to rise to about 1.6 M in 2021, whereas Consolidated Income is likely to drop (6.3 M) in 2021.

Eurodry Revenues

23.44 MillionShare
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 underlying business (such as 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.

Eurodry Price to Earning vs. Current Ratio Fundamental Analysis

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.
Eurodry is one of the top stocks in current ratio category among related companies. It is one of the top stocks in price to earning category among related companies reporting about  12.36  of Price to Earning per Current Ratio. . Eurodry Current Ratio is fairly stable at the moment as compared to the past year. Eurodry reported Current Ratio of 0.31 in 2020

Eurodry Price to Earning vs. Current Ratio

Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Eurodry 
Current Ratio 
 = 
Current Asset 
Current Liabilities 
0.61 X
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
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.
Eurodry 
P/E 
 = 
Market Value Per Share 
Earnings Per Share 
7.54 X
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.

Eurodry Price to Earning Comparison

Eurodry Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Eurodry, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eurodry will eventually generate negative long term returns. The profitability progress is the general direction of Eurodry's change in net profit over the period of time. It can combine multiple indicators of Eurodry, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2021
Consolidated Income-5.9 M-6.3 M
Net Income-5.9 M-6.3 M
Net Income Common Stock-7.5 M-8 M
Operating Income-2.7 M-2.8 M
Preferred Dividends Income Statement Impact1.6 M1.6 M
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 March 31, 2021, it operated a fleet of seven drybulk carriers comprising four Panamax drybulk carriers, one Ultramax drybulk carrier, and two Kamsarmax carriers with a cargo capacity of 528,931 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.

Eurodry Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Eurodry. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Eurodry position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Eurodry's important profitability drivers and their relationship over time.

Eurodry Profitability Trends

Eurodry profitability trend refers to the progression of profit or loss within a business. An upward trend means that Eurodry's profit has generally increased over time, and a downward profitability trend means profits are declining. Recognizing problems early in profitability trends allows investors to address revenue and cost issues in advance. Investors and analysts usually monitor three types of profitability trends: gross, operating, and net. Gross profit is the difference between revenue and costs of goods sold. Operating profit is Eurodry's gross profit minus its overhead. After you account for other unusual revenue, expenses, and costs, you get net profit. Gross profit trends are often a good indicator of future profitability. If you have high gross profit margins, you have a better chance to cover overhead and make money.

Eurodry Profitability Drivers Correlations

One of the toughest challenges investors face today is learning how to quickly synthesize and read into endless financial statements and information provided by the company, SEC reporting, and various external parties. Understanding the correlation between Eurodry different financial indicators related to revenue and profit generation helps investors identify and prioritize their investing strategies towards Eurodry in a much-optimized way. Analyzing correlations between profit drivers that are directly associated with dollar figures is the most effective way to break down Eurodry's future profitability.

Use Eurodry in pair-trading

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 Trading

Eurodry Pair Trading Analysis

Correlation analysis and pair trading evaluation for Eurodry and Global Ship Lease. 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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Use Investing Themes to Complement your Eurodry position

In addition to having Eurodry in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Basic Utilities Theme
Companies involved in production and distribution of electric, gas, water, and other energy utilities. Basic Utilities theme has 30 constituents.
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Continue to Investing Opportunities. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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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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To fully project Eurodry's future profitability" href="/future-stock-price/EDRY">future profitability, investors should examine all historical financial statements" href="/financial-statements/EDRY">financial statements. These statements provide investors with a comprehensive snapshot of the financial position" href="/financial-statements/EDRY">financial position of Eurodry at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements" href="/financial-statements/EDRY">financial statements. These documents include Eurodry's income statement, its balance sheet, and the statement of cash flows.
Potential Eurodry investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Eurodry investors may work on each financial statement separately, they are all related. The changes in Eurodry's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Eurodry's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.