EuroDry (EDRY) vs SEACOR Marine Holdings Inc. (SMHI)

EuroDry and SEACOR Marine Holdings Inc. are both Marine Shipping companies. SEACOR Marine Holdings Inc. is the larger, with a market value of $239.0M against $145.9M — 1.6× the size. SEACOR Marine Holdings Inc. has negative trailing earnings, so its P/E is not meaningful; EuroDry trades at 14.4×. EuroDry grew revenue faster over the last twelve months: 25.3% against −17.5%. EuroDry has the higher net margin (15.0% vs −8.62%) and the higher return on invested capital (6.06% vs 2.93%). Across the 20 metrics below, EuroDry leads on 11 and SEACOR Marine Holdings Inc. on 9.

Valuation

Metric EDRY SMHI Marine Shipping median
P/E 14.38 n/m 6.89
P/S 2.15 1.08 1.92
P/B 1.23 0.90 0.90
Price to free cash flow 5.25 3.49 4.62
EV/EBITDA 6.91 6.80 6.57
EV/Sales 3.26 2.16 2.73
Earnings yield 6.96% (8.02%) 9.59%
Free cash flow yield 19.06% 28.65% 16.76%

Profitability

Metric EDRY SMHI Marine Shipping median
Gross margin 60.61% 17.03% 60.61%
Operating margin 27.80% 10.69% 27.74%
Net margin 15.02% (8.62%) 25.21%
Free cash flow margin 41.07% 30.99% 17.29%
Return on equity 8.96% (6.98%) 8.62%
Return on assets 4.46% (2.76%) 5.35%
Return on invested capital 6.06% 2.93% 5.32%

Growth

Metric EDRY SMHI Marine Shipping median
Revenue growth (TTM) 25.27% (17.49%) 13.26%
EPS growth (last fiscal year) 56.21% 62.41% —
Revenue growth, 5-year CAGR 18.58% 9.94% 11.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EDRY SMHI Marine Shipping median
Debt to equity 0.89 1.27 0.52
Current ratio 1.28 2.38 1.63
Net debt to EBITDA 5.11 3.90 2.34

Dividend

Metric EDRY SMHI Marine Shipping median
Dividend yield — — 5.54%
Payout ratio 0.00 0.00 0.13

Size

Metric EDRY SMHI Marine Shipping median
Market cap 145.91m 239.04m 420.73m

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