EuroDry Ltd. (EDRY): Price and Financial Metrics

EDRY Stock Price Chart Interactive Chart >

EDRY Price/Volume Stats

EuroDry Ltd. (EDRY) Company Bio

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 comprising bauxite, phosphate, and fertilizers. As of March 31, 2020, it operated a fleet of seven drybulk vessels, including four Panamax drybulk carriers, one Ultramax drybulk carrier, and two Kamsarmax carriers with a cargo capacity of 528,931 deadweight tons. EuroDry Ltd. was founded in 2018 and is based in Maroussi, Greece.

EDRY Price Forecast Based on DCF Valuation

We started the process of determining a valid price forecast for EuroDry Ltd with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that EuroDry Ltd ranked in the 0th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for EDRY, they are:

• The company's balance sheet shows it gets 43% of its capital from equity, and 57% of its capital from debt. Its equity weight surpasses that of only 11.09% of free cash flow generating stocks in the Industrials sector.
• EuroDry Ltd's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -1.52. This coverage rate is greater than that of only 16.19% of stocks we're observing for the purpose of forecasting via discounted cash flows.

ATRO, BWXT, DEWY, EJH, and HWM can be thought of as valuation peers to EDRY, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.