EuroDry Shares Outstanding vs. Total Debt
| EDRY Stock | USD 20.10 0.20 1.01% |
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.
EuroDry |
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.
Quarterly Earnings Growth (0.94) | Earnings Share (1.05) | Revenue Per Share 17.224 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0032 |
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 if EuroDry is a good investment 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 Total Debt vs. Shares Outstanding 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 rated below average in shares outstanding category among related companies. It is rated # 5 in total debt category among related companies making up about 36.69 of Total Debt per Shares Outstanding. Total Debt To Capitalization is likely to rise to 0.54 in 2024. 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 Total Debt vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
EuroDry |
| = | 2.83 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
EuroDry |
| = | 103.93 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
EuroDry Total Debt vs Competition
EuroDry is rated # 5 in total debt category among related companies. Total debt of Industrials industry is currently estimated at about 3.9 Billion. EuroDry holds roughly 103.93 Million in total debt claiming about 2.67% of equities under Industrials industry.
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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -35.5 M | -37.3 M | |
| Net Interest Income | -5.2 M | -4.9 M | |
| Interest Income | 778.3 K | 817.2 K | |
| Operating Income | 1.6 M | 1.5 M | |
| Net Income From Continuing Ops | 3 M | 2.9 M | |
| Income Before Tax | -3.3 M | -3.1 M | |
| Total Other Income Expense Net | -4.9 M | -5.1 M | |
| Net Income Applicable To Common Shares | 38.6 M | 40.5 M | |
| Net Loss | -2.9 M | -2.8 M | |
| Income Tax Expense | -374.1 K | -355.4 K | |
| Change To Netincome | -3.9 M | -3.7 M | |
| Net Loss | (1.05) | (1.00) | |
| Income Quality | (4.06) | (3.86) | |
| Net Income Per E B T | 0.80 | 0.84 |
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.
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
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 instruments. 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.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.Did You Try This Idea?
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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The High Dividend Yield ETFs theme has 105 constituents at this time.
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Check out Investing Opportunities. For more information on how to buy EuroDry Stock please use our How to Invest in EuroDry guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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When running EuroDry's 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 the 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, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the 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. These documents include EuroDry's income statement, its balance sheet, and the statement of cash flows.