Risk factor
Very poor trading liquidity
Profitability factor
Very low or no dividends
About
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.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EB
Target Price
The average target price of EDRY is 43.6 and suggests 7.02% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to d