EuroDry Ltd chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 26.91
Dividend & YieldN/A$ (N/A)
Beta 0.5
Market capitalization 45.09M
Operating cash flow 46.19M
ESG Scores unknown

Company description

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, 2022, it operated a fleet of ten drybulk carriers comprising five Panamax drybulk carriers, two Ultramax drybulk carrier, two Kamsarmax carriers, and one Supramax drybulk carrier with a cargo capacity of 726,555 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.

Sector: Industrials - Industry: Marine Shipping

Financial Ratios
Quick Ratio1.67
Working Capital2.45
Return On Equity0.39
Debt To Equity0.82
Fixed Asset Ratio0.14
Fixed Interest Cover19.4

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 267.09k 434.74k 38.38k 1.02M
Total Cashflows From Investing Activities -29.05M -1.11M -611.11k -36.82M
Net Borrowings 25.06M -6.99M -5.52M 31.3M
Total Cash From Financing Activities 27.93M -12.63M -6.24M 22.61M
Change To Operating Activities -1.61M 7.06M 1.24M -3.46M
Issuance Of Stock 3.3M 9.98M 9.98M 9.98M
Net Income 1.12M 16.5k -5.88M 31.15M
Change In Cash 2.85M 1.37M -4.52M 24.92M
Effect Of Exchange Rate
Total Cash From Operating Activities 3.97M 15.11M 2.33M 39.14M
Depreciation 5.42M 6.46M 6.56M 7.66M
Change To Account Receivables -1.81M 393.2k 314.95k 753.02k
Other Cashflows From Financing Activities -432.2k -22.5k -980.33k -980.33k
Change To Netincome 300.96k 544k 791.78k 1.11M
Capital Expenditures -29.05M -1.11M -611.11k -36.82M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 1.12M 16.5k -5.88M 31.15M
Net Income 1.12M 16.5k -5.88M 31.15M
Selling General Administrative 4.05M 4.22M 4.31M 4.99M
Gross Profit 13.46M 13.68M 8.13M 51.54M
Ebit 3.99M 3.01M -2.74M 38.89M
Operating Income 3.99M 3.01M -2.74M 38.89M
Interest Expense -2.91M -3.81M -2.87M -2M
Income Tax Expense
Total Revenue 24.52M 27.24M 22.29M 64.44M
Cost Of Revenue 11.06M 13.56M 14.16M 12.91M
Total Other Income ExpenseNet -2.87M -2.99M -3.14M -7.74M
Net Income From Continuing Ops 1.12M 16.5k -5.88M 31.15M
Net Income Applicable To Common Shares 554.51k -1.92M -7.45M 29.4M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 65.41M 61.16M 56.97M 82.41M
Total Stockholder Equity 43.54M 41.81M 34.6M 78.92M
Other Current Liabilities 196.23k 2.35M 3.36M 2.05M
Total Assets 127.71M 117.69M 107.51M 161.33M
Common Stock 22.8k 23.05k 23.48k 29.19k
Other Current Assets 828.96k 1.08M 1.52M 459.94k
Retained Earnings -9.1M -11.02M -18.47M 10.93M
Treasury Stock
Cash 4.38M 5.4M 938.28k 26.85M
Total Current Liabilities 8.98M 11.17M 19.26M 17.71M
Other Stockholder Equity
Property, Plant, and Equipment 110.64M 105.46M 99.31M 128.49M
Total Current Assets 14.47M 9.58M 6.06M 30.41M
Net Tangible Assets 43.54M 41.81M 34.6M 78.92M
Net Receivables 8.55M 2.3M 1.99M 2.02M
Accounts Payable 690.65k 1.05M 1.07M 855.83k


Insider Transactions

Here are the insider transactions of stock shares related to EuroDry Ltd:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to EuroDry Ltd. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on EuroDry Ltd

Here is the result of two systematic investment strategies applied to EuroDry Ltd. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on EuroDry Ltd

The following chart shows the equity curve of the two systematic investment strategies applied to EuroDry Ltd:

EuroDry Ltd automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 241.11% on the backtest period.

Performance at glance

Performance

241.11 %

Latent gain

4278.37 $

Invested capital

1774.45 $

Annualized return

66.6 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on EuroDry Ltd

This is the result of two momentum investment strategies applied to EuroDry Ltd. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on EuroDry Ltd

The following chart shows all the entries opened by the momentum investment system on EuroDry Ltd:

EuroDry Ltd momentum entries
  • The first momentum investment strategy would give 296.96% of return on EuroDry Ltd. That represents 16329.46$ of latent gain with 5498.82$ of employed capital.
  • The second momentum investment strategy would give 313.31% of return on EuroDry Ltd. That represents 8598.62$ of latent gain with 2744.46$ of employed capital.
Performance at glance (1Q Momentum)

Performance

296.96 %

Latent gain

16329.46 $

Invested capital

5498.82 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

313.31 %

Latent gain

8598.62 $

Invested capital

2744.46 $

Annualized return

99.78 %

Momentum equity curve on EuroDry Ltd

The following chart shows the equity curve of the two momentum strategies applied to EuroDry Ltd:

EuroDry Ltd momentum equity

Note: the dividends potentially given by EuroDry Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on EuroDry Ltd

The following chart shows the employed capital evolution of the two momentum strategies on EuroDry Ltd since the beginning:

EuroDry Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on EuroDry Ltd

Buy the dip entry openings on EuroDry Ltd

EuroDry Ltd

The performance achieved by the robo-advisor on EuroDry Ltd is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows EuroDry Ltd stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of EuroDry Ltd, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to EuroDry Ltd

The following chart shows the result of the investment strategy applied to EuroDry Ltd:

EuroDry Ltd

Note: the dividends potentially given by EuroDry Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on EuroDry Ltd

The following chart shows the employed capital evolution since the beginning of the investment strategy on EuroDry Ltd:

EuroDry Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on EuroDry Ltd

In this section, I will compare the three previous investment strategies applied to EuroDry Ltd.

Equity curve comparison on EuroDry Ltd

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

EuroDry Ltd investment strategy comparison

Employed capital comparison on EuroDry Ltd

EuroDry Ltd investment comparison

Performance comparison on EuroDry Ltd

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 241.11% 4278.37$ 1774.45$ 66.6%
Momentum 1 quarter 296.96% 16329.46$ 5498.82$ 87.86%
Momentum 2 quarters 313.31% 8598.62$ 2744.46$ 99.78%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

66.6 %

Momentum 1Q

99.78 %

Momentum 2Q

99.78 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with EuroDry Ltd:

Positive correlations

Most correlated stocks this year

  • EuroDry Ltd

  • Most correlated stocks last 3 months

  • EuroDry Ltd
  • NeuBase Therapeutics Inc
  • Predictive Oncology Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between EuroDry Ltd and the other stocks. There may be false positives or some missing correlated stocks. If the price of EuroDry Ltd does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name EuroDry Ltd
    Country Greece
    City Marousi
    Address 4 Messogiou & Evropis Street
    Phone 30 211 18 04 005
    Website www.eurodry.gr
    FullTime employees
    Industry Marine Shipping
    Sector Industrials
    Exchange XNAS
    Ticker EDRY
    Market www.nasdaq.com

    EuroDry Ltd ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown