EuroDry (EDRY) vs Seanergy Maritime Holdings Corp (SHIP)

EuroDry and Seanergy Maritime Holdings Corp are both Marine Shipping companies. Seanergy Maritime Holdings Corp is the larger, with a market value of $374.4M against $145.9M — 2.6× the size. Seanergy Maritime Holdings Corp trades at the lower P/E: 5.8× against 14.4×. Seanergy Maritime Holdings Corp grew revenue faster over the last twelve months: 32.0% against 25.3%. Seanergy Maritime Holdings Corp has the higher net margin (31.0% vs 15.0%) and the higher return on invested capital (9.47% vs 6.06%). Across the 21 metrics below, Seanergy Maritime Holdings Corp leads on 11 and EuroDry on 10.

Valuation

Metric EDRY SHIP Marine Shipping median
P/E 14.38 5.80 6.89
P/S 2.15 1.80 1.92
P/B 1.23 1.25 0.90
Price to free cash flow 5.25 5.85 4.62
EV/EBITDA 6.91 7.71 6.57
EV/Sales 3.26 3.29 2.73
Earnings yield 6.96% 17.23% 9.59%
Free cash flow yield 19.06% 17.10% 16.76%

Profitability

Metric EDRY SHIP Marine Shipping median
Gross margin 60.61% 69.98% 60.61%
Operating margin 27.80% 42.63% 27.74%
Net margin 15.02% 30.97% 25.21%
Free cash flow margin 41.07% 30.73% 17.29%
Return on equity 8.96% 0.00% 8.62%
Return on assets 4.46% 9.73% 5.35%
Return on invested capital 6.06% 9.47% 5.32%

Growth

Metric EDRY SHIP Marine Shipping median
Revenue growth (TTM) 25.27% 31.98% 13.26%
EPS growth (last fiscal year) 56.21% (52.13%) —
Revenue growth, 5-year CAGR 18.58% 20.07% 11.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EDRY SHIP Marine Shipping median
Debt to equity 0.89 0.94 0.52
Current ratio 1.28 0.00 1.63
Net debt to EBITDA 5.11 2.87 2.34

Dividend

Metric EDRY SHIP Marine Shipping median
Dividend yield — 13.51% 5.54%
Payout ratio 0.00 0.36 0.13

Size

Metric EDRY SHIP Marine Shipping median
Market cap 145.91m 374.43m 420.73m

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