EDRY Valuation

EuroDry Ltd

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10.690

+0.15(1.423%)1D

Overview
Forecast
Valuation
Earnings

EDRY Relative Valuation

EDRY's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, EDRY is overvalued; if below, it's undervalued.

Historical Valuation

EuroDry Ltd (EDRY) is now in the Fair zone, suggesting that its current forward PS ratio of 0.50 is considered Fairly compared with the five-year average of 5.56. The fair price of EuroDry Ltd (EDRY) is between 9.43 to 16.58 according to relative valuation methord.

Relative Value

Fair Zone

9.43-16.58

Current Price：10.54

Fair

-3.83

Trailing

Forward

10.84

EV/EBITDA

EuroDry Ltd. (EDRY) has a current EV/EBITDA of 10.84. The 5-year average EV/EBITDA is 5.01. The thresholds are as follows: Strongly Undervalued below -1.86, Undervalued between -1.86 and 1.58, Fairly Valued between 8.45 and 1.58, Overvalued between 8.45 and 11.89, and Strongly Overvalued above 11.89. The current Forward EV/EBITDA of 10.84 falls within the Overvalued range.

-139.69

EV/EBIT

EuroDry Ltd. (EDRY) has a current EV/EBIT of -139.69. The 5-year average EV/EBIT is 16.08. The thresholds are as follows: Strongly Undervalued below -228.67, Undervalued between -228.67 and -106.29, Fairly Valued between 138.46 and -106.29, Overvalued between 138.46 and 260.84, and Strongly Overvalued above 260.84. The current Forward EV/EBIT of -139.69 falls within the Undervalued range.

0.51

EuroDry Ltd. (EDRY) has a current PS of 0.51. The 5-year average PS is 0.67. The thresholds are as follows: Strongly Undervalued below 0.24, Undervalued between 0.24 and 0.45, Fairly Valued between 0.88 and 0.45, Overvalued between 0.88 and 1.09, and Strongly Overvalued above 1.09. The current Forward PS of 0.51 falls within the Historic Trend Line -Fairly Valued range.

5.38

P/OCF

EuroDry Ltd. (EDRY) has a current P/OCF of 5.38. The 5-year average P/OCF is 2.24. The thresholds are as follows: Strongly Undervalued below -0.26, Undervalued between -0.26 and 0.99, Fairly Valued between 3.50 and 0.99, Overvalued between 3.50 and 4.75, and Strongly Overvalued above 4.75. The current Forward P/OCF of 5.38 falls within the Strongly Overvalued range.

-13.32

P/FCF

EuroDry Ltd. (EDRY) has a current P/FCF of -13.32. The 5-year average P/FCF is 1.16. The thresholds are as follows: Strongly Undervalued below -5.32, Undervalued between -5.32 and -2.08, Fairly Valued between 4.40 and -2.08, Overvalued between 4.40 and 7.64, and Strongly Overvalued above 7.64. The current Forward P/FCF of -13.32 falls within the Strongly Undervalued range.

EuroDry Ltd (EDRY) has a current Price-to-Book (P/B) ratio of 0.33. Compared to its 3-year average P/B ratio of 0.42 , the current P/B ratio is approximately -21.75% higher. Relative to its 5-year average P/B ratio of 0.60, the current P/B ratio is about -45.27% higher. EuroDry Ltd (EDRY) has a Forward Free Cash Flow (FCF) yield of approximately -23.10%. Compared to its 3-year average FCF yield of -38.93%, the current FCF yield is approximately -40.65% lower. Relative to its 5-year average FCF yield of -21.53% , the current FCF yield is about 7.30% lower.

0.33

P/B

Median3y

0.42

Median5y

0.60

-22.46

FCF Yield

Median3y

-38.93

Median5y

-21.53

Competitors Valuation Multiple

The average P/S ratio for EDRY's competitors is 0.37, providing a benchmark for relative valuation. EuroDry Ltd Corp (EDRY) exhibits a P/S ratio of 0.51, which is 38.34% above the industry average. Given its robust revenue growth of -35.32%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Performance Shipping Inc

Performance Decomposition

Market capitalization of EDRY decreased by 47.08% over the past 1 year. The primary factor behind the change was an decrease in Margin Expansion from -1.91 to -27.55.

The secondary factor is the Revenue Growth, contributed -35.32%to the performance.

Overall, the performance of EDRY in the past 1 year is driven by Margin Expansion. Which is more sustainable.

-35.32%

17.44M → 11.28M

Revenue Growth

1342.41%

-1.91 → -27.55

Margin Expansion

-1354.17%

0.13 → -1.68

P/E Change

-47.08%