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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, 2026, it operated through a fleet of 11 drybulk carriers comprising three Panamax drybulk carriers, two Kamsarmax drybulk carriers, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 766,420 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
EuroDry Ltd is a publicly listed owner and operator of dry bulk vessels transporting commodities across global trade routes.
Long-term growth may be supported by seaborne dry-bulk demand, fleet renewal and charter-rate cycles, and the company could appeal for exposure to asset-backed shipping upside when markets recover. Key risks are freight-rate volatility, capital intensity and refinancing or leverage pressure, rising fuel and regulatory costs, and counterparty or operational exposures that could strain cash flow.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -3.79M | -10.57M | -3.28M | 33.54M | 31.15M |
| Minority interest | - | 0.91M | 0.37M | - | - |
| Net income | -4.26M | -9.66M | -2.91M | 33.54M | 31.15M |
| Selling general administrative | - | 7.48M | 6.74M | 10.86M | 5.09M |
| Selling and marketing expenses | - | - | 0.13M | - | - |
| Gross profit | 6.41M | 20.81M | 8.47M | 42.12M | 43.98M |
| Reconciled depreciation | - | 13.88M | 10.30M | 10.76M | 7.66M |
| Ebit | -1.17M | -0.55M | 3.20M | 34.12M | 38.89M |
| Ebitda | 11.57M | 13.33M | 14.17M | 42.06M | 46.56M |
| Depreciation and amortization | 12.74M | 13.88M | 10.97M | 7.95M | 7.67M |
| Operating income | -1.17M | -3.35M | 1.59M | 34.12M | 38.89M |
| Other operating expenses | 53.43M | 64.43M | 46.00M | 38.92M | 25.55M |
| Interest expense | 6.88M | 7.96M | 6.49M | 3.85M | 2.34M |
| Interest income | - | 0.10M | 0.78M | 0.05M | 0.01M |
| Net interest income | - | -7.85M | -5.15M | -3.81M | -2.33M |
| Income tax expense | - | - | -0.37M | -6.09M | 2.34M |
| Total revenue | 52.26M | 61.08M | 47.59M | 70.18M | 64.44M |
| Total operating expenses | 7.58M | 24.15M | 6.88M | 10.86M | 5.09M |
| Cost of revenue | 45.85M | 40.27M | 39.12M | 28.07M | 20.47M |
| Total other income expense net | -2.62M | -7.22M | -4.88M | -0.57M | -7.74M |
| Net income from continuing ops | - | -13.52M | 3.01M | 33.54M | 31.15M |
| Net income applicable to common shares | - | - | - | 33.54M | 29.40M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 212.10M | 219.74M | 231.05M | 199.51M | 161.33M |
| Other current assets | 0.60M | 4.97M | 0.44M | 2.88M | 0.77M |
| Total liab | 109.59M | 114.14M | 111.63M | 85.56M | 82.41M |
| Total stockholder equity | 93.27M | 96.74M | 109.66M | 113.94M | 78.92M |
| Other current liab | 3.70M | 4.04M | 4.19M | 1.00M | 1.39M |
| Common stock | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M |
| Capital stock | - | 0.03M | 0.03M | 0.03M | 0.03M |
| Retained earnings | 24.69M | 28.96M | 41.56M | 44.47M | 10.93M |
| Other assets | - | - | - | 1.89M | 2.43M |
| Cash | 22.47M | 6.71M | 10.80M | 34.04M | 26.85M |
| Total current liabilities | 18.72M | 18.76M | 25.48M | 27.20M | 17.71M |
| Current deferred revenue | 0.84M | 0.25M | 0.35M | 0.35M | 1.51M |
| Net debt | 80.41M | 100.48M | 93.13M | 47.18M | 51.81M |
| Short term debt | 12.01M | 11.81M | 17.80M | 22.86M | 13.95M |
| Short long term debt | - | 11.81M | 17.80M | 22.86M | 13.95M |
| Short long term debt total | 102.88M | 107.19M | 103.93M | 81.22M | 78.65M |
| Other stockholder equity | 68.55M | 67.75M | 68.07M | 69.44M | 67.96M |
| Property plant equipment | - | - | - | 149.02M | 128.49M |
| Total current assets | 28.62M | 23.33M | 24.23M | 47.89M | 30.41M |
| Net tangible assets | - | - | - | 113.94M | 78.92M |
| Short term investments | - | - | 0.20M | - | - |
| Net receivables | 4.25M | 9.55M | 8.87M | 9.91M | 2.02M |
| Long term debt | - | 95.38M | 86.12M | 58.36M | 64.70M |
| Inventory | 1.31M | 2.10M | 4.12M | 1.06M | 0.77M |
| Accounts payable | 2.17M | 2.67M | 3.15M | 2.99M | 0.86M |
| Accumulated other comprehensive income | - | 0.00M | 0.00M | - | - |
| Non currrent assets other | - | 3.75M | 3.30M | 2.59M | 2.43M |
| Non current assets total | 183.48M | 196.41M | 206.83M | 151.61M | 130.92M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -8.73M | 2.71M | -28.40M | -36.82M |
| Change to liabilities | - | - | - | 0.95M | 1.02M |
| Total cashflows from investing activities | 6.14M | -8.73M | -65.30M | -28.40M | -36.82M |
| Net borrowings | - | 3.35M | 22.98M | 2.48M | 31.30M |
| Total cash from financing activities | -5.13M | 1.73M | 30.47M | 3.01M | 22.61M |
| Change to operating activities | - | - | - | -1.55M | -1.08M |
| Net income | -4.26M | -13.52M | -2.91M | 33.54M | 31.15M |
| Change in cash | 14.17M | -2.19M | -23.02M | 7.60M | 24.92M |
| Begin period cash flow | 8.30M | 14.10M | 37.12M | 29.53M | 4.61M |
| End period cash flow | 22.47M | 11.91M | 14.10M | 37.12M | 29.53M |
| Total cash from operating activities | 12.76M | 4.81M | 11.81M | 32.99M | 39.14M |
| Issuance of capital stock | - | 0.00M | 0.00M | 2.69M | 9.98M |
| Depreciation | 12.74M | 13.88M | 10.97M | 10.76M | 7.66M |
| Other cashflows from investing activities | - | - | -10.14M | - | - |
| Dividends paid | - | - | 0.00M | 0.00M | 1.09M |
| Change to inventory | - | 1.96M | -3.06M | -0.29M | 0.61M |
| Change to account receivables | - | -0.68M | 0.91M | -6.37M | 0.75M |
| Sale purchase of stock | - | -1.27M | -2.03M | -2.00M | -16.61M |
| Other cashflows from financing activities | -0.49M | -0.35M | 9.52M | 19.84M | 75.72M |
| Change to netincome | - | - | - | -4.29M | 1.11M |
| Capital expenditures | 7.36M | 8.73M | 65.30M | 37.79M | 36.82M |
| Change in working capital | 5.62M | 1.81M | -0.27M | -7.25M | -1.08M |
| Stock based compensation | - | 0.95M | 0.80M | 0.79M | 0.23M |
| Other non cash items | -1.34M | 1.69M | 3.22M | -4.85M | 0.30M |
| Free cash flow | 5.40M | -3.92M | -53.50M | -4.80M | 2.31M |
Sector: Industrials Industry: Marine Shipping
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| EDRY EuroDry Ltd |
1.66 4.78% |
36.27 | 20.21 | 10.55 | 3.44 | 2.05 | 4.45 | 9.61 |
| AMKAF AP Moeller - Maersk A/S A |
- -% |
3012.51 | 13.59 | 2500.00 | 0.66 | 0.63 | 0.79 | 3.81 |
| AMKBY AP Moeller-Maersk AS |
-0.18 1.20% |
14.88 | 13.25 | 2500.00 | 0.65 | 0.63 | 0.80 | 3.88 |
| AMKBF A.P. Møller - Mærsk A/S |
- -% |
3086.00 | 12.94 | 2500.00 | 0.63 | 0.60 | 0.79 | 3.81 |
| ICTEF International Container Terminal Services Inc |
0.29 2.26% |
13.25 | 28.04 | 22.42 | 8.70 | 17.16 | 9.66 | 15.21 |
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, 2026, it operated through a fleet of 11 drybulk carriers comprising three Panamax drybulk carriers, two Kamsarmax drybulk carriers, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 766,420 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.
4 Messogiou Thallasis & Evropis Street, Marousi, Greece, 151 24
30 211 18 04 005
| Name | Title | Year Born |
|---|---|---|
| Mr. Aristides J. Pittas | Chairman, Pres & CEO | 1960 |
| Dr. Anastasios Aslidis | CFO, Treasurer & Director | 1960 |
| Mr. Symeon Pariaros | Chief Admin. Officer | NA |
| Ms. Stephania Karmiri | Sec. | 1968 |
| Mr. Aristides J. Pittas | Chairman, President & CEO | 1960 |
| Mr. Symeon Pariaros | Chief Administrative Officer | NA |
| Ms. Stephania Karmiri | Secretary | 1968 |
| Ms. Athina Atalioti | Finance & Investment Manager | 1993 |
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