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EDRY US​

EuroDry Ltd.(EDRY US)

$43.90-1.423.13%Ext:$49.48+5.5812.70%(Market Closed · 23:55:39 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

EuroDry Ltd. — Company Profile

EuroDry Ltd., a global marine shipping firm founded in 2018 and based in Marousi, Greece, provides worldwide ocean-going transport services through its subsidiaries. The company owns and manages a fleet of dry bulk carriers. These vessels are primarily used to transport major bulk commodities like iron ore, coal, and grains, alongside minor bulk cargo such as bauxite, phosphate, and fertilizers. As of March 31, 2022, its operational fleet consisted of ten dry bulk ships—specifically, five Panamax, two Ultramax, two Kamsarmax, and one Supramax—boasting a combined cargo capacity of 726,555 deadweight tons.

Sector
Industrials
Industry
Marine Shipping
Exchange
UQ
CEO
Aristides J. Pittas
Headquarters
Marousi, J3, GR
IPO Date
Jun 1, 2018
Employees
252
Website
www.eurodry.gr

Key Metrics

Price
$55.27
Market Cap
$159.77M
Revenue (TTM)
$12.79M
Net Income (TTM)
$256.44K
EPS (TTM)
0.09
P/E (TTM)
-524.26
P/B (TTM)
1.70
Dividend Yield
0.00%
ROE (TTM)
0.27%
ROA (TTM)
0.12%
Operating Margin
16.19%
Beta
0.68

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

EuroDry Ltd., a global marine shipping firm founded in 2018 and based in Marousi, Greece, provides worldwide ocean-going transport services through its subsidiaries. The company owns and manages a fleet of dry bulk carriers. These vessels are primarily used to transport major bulk commodities like iron ore, coal, and grains, alongside minor bulk cargo such as bauxite, phosphate, and fertilizers. As of March 31, 2022, its operational fleet consisted of ten dry bulk ships—specifically, five Panamax, two Ultramax, two Kamsarmax, and one Supramax—boasting a combined cargo capacity of 726,555 deadweight tons.

Website
www.eurodry.gr
Location
Marousi, J3, GR
Phone30 211 18 04 005
Employees252
CEOAristides J. Pittas
Sector
Industrials
IndustryMarine Shipping
IPO DateJun 1, 2018

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Latest Documents

SEC Filings(182)

Expand
  • 4Pittas Aristeidis P16 Oct
  • 6-KCurrent report (foreign private issuer)14 Oct
  • 4Pittas Aristeidis P14 Oct
  • 4Aslidis Anastasios5 Oct
  • 6-KCurrent report (foreign private issuer)5 Oct
  • 144Aslidis Anastasios1 Oct
  • 4Pittas Aristeidis P25 Sep
  • 144Pariaros Symeon24 Sep
  • 6-KCurrent report (foreign private issuer)11 Sep
  • 424B5Prospectus filing (Rule 424(b)(5))11 Sep
  • EFFECTNotice of effectiveness4 Sep
  • F-3Registration statement (foreign issuer)27 Aug
  • 4Pittas Aristeidis P27 Aug
  • 4Karmiri Stefania26 Aug
  • 4Pittas Aristeidis P25 Aug
  • 4Pariaros Symeon24 Aug
  • 4Pittas Aristeidis P19 Aug
  • 4Pariaros Symeon19 Aug
  • 4Pariaros Symeon13 Aug
  • 4Karmiri Stefania12 Aug

News

  • EuroDry: Some Profits Still Remain - Downgrade To Buy23 Oct
  • EuroDry (NASDAQ:EDRY) Director Acquires $28,902.00 in Stock19 Oct
  • EuroDry Ltd. Announces Order for the Construction of a Third Modern 82,000 DWT Kamsarmax Bulk Carrier14 Oct
  • EDRY or SHIP: Which Shipping Stock Deserves a Place in Your Portfolio?6 Oct
  • EuroDry Ltd (EDRY) Shares Fall 5.4% -- What GF Score of 68 Tells Investors25 Sep
  • Is EuroDry (EDRY) Stock Outpacing Its Transportation Peers This Year?24 Sep
  • 5 Stocks With Recent Price Strength Amid a Volatile September17 Sep
  • EDRY or GSL: Which Shipping Stock Is Worth Betting on Now?15 Sep
  • Buy These 4 Stocks With Robust Net Profit Margins to Boost Returns15 Sep
  • EuroDry Ltd (EDRY) Shares Surge 4.6% -- What GF Score of 65 Tells Investors11 Sep
  • What Makes EuroDry (EDRY) a Good Fit for 'Trend Investing'11 Sep
  • Will Dry Bulk Market Strength Lead EuroDry Stock to Higher Highs?8 Sep
  • Is EuroDry (EDRY) Outperforming Other Transportation Stocks This Year?8 Sep
  • EuroDry Aims to Expand Fleet: More Upside Ahead for the Stock?4 Sep
  • 5 Stocks With Recent Price Strength Buoyed by a Strong August4 Sep
  • EuroDry Soars 304% YTD: Is It Still a Red-Hot Stock to Bet on?2 Sep
  • EuroDry (EDRY) is on the Move, Here's Why the Trend Could be Sustainable26 Aug
  • 5 Stocks With Recent Price Strength to Enhance Your Portfolio Returns19 Aug
  • EuroDry: Cheap Even If The Rally Fades17 Aug
  • 4 Stocks With Solid Net Profit Margins to Boost Portfolio Returns12 Aug

Mentions in Filings

  • … ur Chief Executive Officer and Chairman of our board of directors since September 1, 2026. Mr. Pittas has concurrently served as the Chief Executive Officer and Chairman of Euroseas, Ltd. (Nasdaq: ESEA) since May 2005, <strong>EuroDry Ltd.</strong> (Nasdaq: EDRY) since January 2018, and Euroholdings Ltd. (Nasdaq: EHLD) since March 2024. The three aforementioned companies are providers of worldwide ocean-going transportation services focusing on the containerships …
    EuroSPAC Acquisition Corp.EuroDry Ltd.·S-1 - Registration statement (general form)·Q4 26·13 Oct
  • **Aristides J. Pittas** serves as a Class II Director. Mr. Pittas has more than 30 years of shipping industry experience. He has been a member of the Board of Directors and the Chairman and Chief Executive Officer of <strong>Eurodry Ltd.</strong> (Nasdaq: EDRY), or Eurodry, an independent shipping company that operates in the dry-bulk shipping industry, since its inception on January 8, 2018. He has also been a member of the Board of Directors and Chairman and Ch …
    Pyxis Tankers Inc.EuroDry Ltd.·F-1/A - Registration statement (foreign issuer, amendment)·Q3 26·23 Jul
  • **Aristides J. Pittas** serves as a Class II Director. Mr. Pittas has more than 30 years of shipping industry experience. He has been a member of the Board of Directors and the Chairman and Chief Executive Officer of <strong>Eurodry Ltd.</strong> (Nasdaq: EDRY), or Eurodry, an independent shipping company that operates in the dry-bulk shipping industry, since its inception on January 8, 2018. He has also been a member of the Board of Directors and Chairman and Ch …
    Pyxis Tankers Inc.EuroDry Ltd.·F-1/A - Registration statement (foreign issuer, amendment)·Q2 26·29 Jun
  • **Panagiotis Kyriakopoulos** has been a member of the Board since July 31, 2024. He has also been a member of the board of directors **of** Euroseas Ltd. since 2005 and has held the same positions with <strong>EuroDry Ltd.</strong> since 2018. Since 2002, he has been the Chief Executive Officer of Cambridge Finance Ltd., one of the leading mass media, infrastructure and technology management companies in Greece. From 1997 to 2002 he was the CEO of the Hellenic Po …
    Euroholdings Ltd.EuroDry Ltd.·EX-99.1 - 6-K/A - Current report (foreign private issuer, amendment)·26 Jun·26 Jun
  • Dr. Anastasios Aslidis*has been our Chief Financial Officer and Treasurer and member of our Board of Directors since September 2005. He is also member of the Board of Directors, Treasurer and Chief Financial Officer of <strong>EuroDry Ltd.</strong> since January 2018, a member of the Board of Directors, Chief Strategy Officer and Treasurer of Euroholdings since January 2025, a member of the Board of Directors and chairman of the Audit Committee of Cosmos Health I …
    EUROSEAS LTD.EuroDry Ltd.·EX-99 - 6-K - Current report (foreign private issuer)·23 Jun·23 Jun
  • **Panagiotis Kyriakopoulos** has been a member of the Board since July 31, 2024. He has also been a member of the board of directors **of** Euroseas Ltd. since 2005 and has held the same positions with <strong>EuroDry Ltd.</strong> since 2018. Since 2002, he has been the Chief Executive Officer of Cambridge Finance Ltd., one of the leading mass media, infrastructure and technology management companies in Greece. From 1997 to 2002 he was the CEO of the Hellenic Po …
    Euroholdings Ltd.EuroDry Ltd.·6-K - Current report (foreign private issuer)·23 Jun·23 Jun

Key Stats

Trading

Px/Chg 1D$55.28 / -1.08%
Avg Volume33.00K
Beta0.68
Mkt Cap159.77M
FD Mkt Cap144.44M

Float

Shrs Out/Float2.89M / 1.32M
Short Float0.00%
Days to Cover1.00
Stock Repurchased$0.00

Current Valuation

EV247.80M
EV/EBITDA12.77
EV/Sales4.44
P/B1.70
P/S2.86
FCF Yield1.25%
ROE0.27%
ROA0.12%
Current Ratio1.61

Estimates

P/E-524.26
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgSep '23Jun '24Jun '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings123.321.22-23.33-2.3418.01623.05
Price / Sales3.630.581.430.373.3012.49
Price / Book Value0.710.360.620.230.611.70
Price / Free Cash Flow56.06-8.50-1.27-5.76215.8280.02
ENTERPRISE VALUE METRICS
Enterprise Value157.486.8173.6131.9147.0247.8
Enterprise Value / Sales6.971.243.652.168.4519.37
Enterprise Value / EBITDA18.591.8012.259.9017.5751.43
Enterprise Value / EBIT-5.522.3254.17-240.1026.86129.12

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-5.1%64.470.247.661.152.3
Gross Income-38.2%44.037.38.520.86.4
EBITDA-21.4%41.448.214.213.315.8
EBIT-44.9%33.537.43.2-0.53.1
Net Income—31.233.5-2.9-9.7-4.3
EPS (Diluted)—11.5411.61-1.05-3.54-1.55
BALANCE SHEET
Cash & ST Inv-4.3%26.835.210.86.722.5
Total Assets7.1%161.3199.5231.1219.7212.1
Total Liabilities7.4%82.485.6111.6114.1109.6
Total Shareholder Equity4.3%78.9113.9109.796.793.3
CASH FLOW
Net Operating Cash Flow-24.4%39.133.011.84.812.8
Cap Ex-33.1%-36.8-37.8-65.3-8.7-7.4
Free Cash Flow23.6%2.3-4.8-53.5-3.95.4

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)43.70
Basic Shares2.89
Market Cap126.3
Diluted Shares2.80
Fully Diluted Shares Outstanding2.80
Fully Diluted Market Cap122.2
+Consolidated Debt100.1
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-21.5
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest9.4
+Pension Liabilities—
Enterprise Value214.3

Segment data

Revenue

by Products and services

  • Time Charter Revenue100%

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