EuroDry (EDRY) vs Euroseas Ltd. (ESEA)

EuroDry and Euroseas Ltd. are both Marine Shipping companies. Euroseas Ltd. is the larger, with a market value of $467.0M against $145.9M — 3.2× the size. Euroseas Ltd. trades at the lower P/E: 3.6× against 14.4×. EuroDry grew revenue faster over the last twelve months: 25.3% against 2.53%. Euroseas Ltd. has the higher net margin (60.0% vs 15.0%) and the higher return on invested capital (16.8% vs 6.06%). Across the 22 metrics below, Euroseas Ltd. leads on 20 and EuroDry on 2.

Valuation

Metric EDRY ESEA Marine Shipping median
P/E 14.38 3.57 6.89
P/S 2.15 2.14 1.92
P/B 1.23 0.93 0.90
Price to free cash flow 5.25 3.51 4.62
EV/EBITDA 6.91 2.91 6.57
EV/Sales 3.26 2.18 2.73
Earnings yield 6.96% 28.02% 9.59%
Free cash flow yield 19.06% 28.50% 16.76%

Profitability

Metric EDRY ESEA Marine Shipping median
Gross margin 60.61% 77.80% 60.61%
Operating margin 27.80% 63.22% 27.74%
Net margin 15.02% 59.98% 25.21%
Free cash flow margin 41.07% 61.02% 17.29%
Return on equity 8.96% 29.33% 8.62%
Return on assets 4.46% 19.21% 5.35%
Return on invested capital 6.06% 16.78% 5.32%

Growth

Metric EDRY ESEA Marine Shipping median
Revenue growth (TTM) 25.27% 2.53% 13.26%
EPS growth (last fiscal year) 56.21% 21.73% —
Revenue growth, 5-year CAGR 18.58% 33.72% 11.77%
Net income growth, 5-year CAGR 0.00% 110.07% 0.00%

Health

Metric EDRY ESEA Marine Shipping median
Debt to equity 0.89 0.39 0.52
Current ratio 1.28 5.46 1.63
Net debt to EBITDA 5.11 0.23 2.34

Dividend

Metric EDRY ESEA Marine Shipping median
Dividend yield — 4.94% 5.54%
Payout ratio 0.00 0.14 0.13

Size

Metric EDRY ESEA Marine Shipping median
Market cap 145.91m 467.02m 420.73m

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