EuroDry Ltd. (EDRY) Key Metrics
EDRY valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $131.0M
- Enterprise value
- $235.2M
- P/E (TTM)
- 13.7 10-yr median 1.6
- Forward P/E
- 8.4
- PEG ratio
- —
- Price / sales
- 2.1 10-yr median 0.7
- Price / book
- 1.6 10-yr median 0.3
- EV / EBITDA
- 8.2 10-yr median 8.0
- Dividend yield
- —
- Beta
- 0.78
EDRY key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsEDRY valuation Price multiples at each fiscal year-end price.
Price / sales+35.3%
0.7
2025 · hover or tap a bar for each year
20162025
Price / book+20.0%
0.4
2025 · hover or tap a bar for each year
20162025
EV / EBITDA−25.6%
7.3
2025 · hover or tap a bar for each year
20162025
Price / free cash flow
6.6
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+28.1 pts
15.3%
2025 · hover or tap a bar for each year
20162025
EDRY returns How much profit the business earns on the capital it uses.
Return on equity+4.9 pts
−4.5%
2025 · hover or tap a bar for each year
20162025
Return on invested capital+0.8 pts
−0.5%
2025 · hover or tap a bar for each year
20162025
Return on assets+2.3 pts
−2.0%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+16.7 pts
10.3%
2025 · hover or tap a bar for each year
20162025
Asset turnover−10.7%
0.24
2025 · hover or tap a bar for each year
20162025
EDRY per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−15.3%
$18.96
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$1.55
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
$1.96
2025 · hover or tap a bar for each year
20162025
Book value per share−4.6%
$33.85
2025 · hover or tap a bar for each year
20162025
Shares outstanding+1.0%
2.8M
2025 · hover or tap a bar for each year
20162025
EDRY financial health Debt, liquidity and how easily interest is covered.
Debt / equity−0.5%
1.10
2025 · hover or tap a bar for each year
20162025
Net debt−$20.1M
$80.4M
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA−2.46
5.08
2025 · hover or tap a bar for each year
20162025
Current ratio+23.0%
1.53
2025 · hover or tap a bar for each year
20162025
Interest coverage
-0.2
2025 · hover or tap a bar for each year
20162025
Debt / assets−0.6%
0.49
2025 · hover or tap a bar for each year
20162025
EDRY efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−7 days
48 days
2025 · hover or tap a bar for each year
20162025
Days of inventory−15 days
14 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding−7 days
19 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle−14 days
42 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−0.2 pts
14.1%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF
0.0%
2025 · hover or tap a bar for each year
20162025
EDRY valuation history
Fiscal year-endToday10-year median
EDRY returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EDRY debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EDRY cash returned to shareholders
DividendsBuybacksFree cash flow
EDRY price vs earnings per share
Share price at year-endEPS (right axis)
EDRY key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $35.4M | $30.6M | $52.6M | $49.7M | $48.5M | $12.5M | $17.6M | $19.2M | — | — |
| Enterprise value | $115.8M | $131.0M | $145.8M | $95.6M | $100.3M | $62.6M | $68.7M | $82.2M | — | — |
| P/E ratio | — | — | — | 1.5 | 1.6 | — | — | 17.1 | — | — |
| Price / sales | 0.7 | 0.5 | 1.1 | 0.7 | 0.8 | 0.6 | 0.6 | 0.8 | — | — |
| Price / book | 0.4 | 0.3 | 0.5 | 0.4 | 0.6 | 0.2 | 0.3 | 0.3 | — | — |
| Price / free cash flow | 6.6 | — | — | — | 21.0 | 7.3 | 1.3 | — | — | — |
| Price / operating cash flow | 2.8 | 6.4 | 4.5 | 1.5 | 1.2 | 5.4 | 1.2 | 4.8 | — | — |
| EV / sales | 2.2 | 2.1 | 3.1 | 1.4 | 1.6 | 2.8 | 2.5 | 3.4 | — | — |
| EV / EBITDA | 7.3 | 9.8 | 10.3 | 2.0 | 2.4 | 20.8 | 6.9 | 8.7 | — | — |
| EV / free cash flow | 21.4 | — | — | — | 43.3 | 36.5 | 4.9 | — | — | — |
| Earnings yield | −12.1% | −31.6% | −5.5% | 67.5% | 64.2% | −47.1% | 0.1% | 5.8% | — | — |
| Free cash flow yield | 15.3% | −12.8% | −101.6% | −9.7% | 4.8% | 13.8% | 79.7% | −130.7% | — | — |
| Dividend yield | — | — | 0.0% | 1.0% | 2.2% | 5.7% | 7.5% | 6.8% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 4.2% | 3.9% | 5.1% | 36.5% | 29.8% | 32.0% | 6.8% | — | — |
| Share price at fiscal year-end | $12.83 | $11.20 | $19.05 | $17.18 | $19.04 | $5.48 | $7.80 | $8.59 | — | — |
| Per share | ||||||||||
| Revenue per share | $18.96 | $22.39 | $17.22 | $24.28 | $25.28 | $9.80 | $12.10 | $10.98 | $8.50 | $3.49 |
| Earnings per share | −$1.55 | −$3.54 | −$1.05 | $11.61 | $12.22 | −$2.58 | $0.01 | $0.50 | $0.38 | −$4.50 |
| Operating cash flow per share | $4.63 | $1.76 | $4.27 | $11.41 | $15.35 | $1.02 | $6.71 | $1.78 | $1.29 | $1.89 |
| Free cash flow per share | $1.96 | −$1.44 | −$19.36 | −$1.66 | $0.91 | $0.75 | $6.22 | −$11.23 | −$2.98 | −$8.86 |
| Cash per share | $8.15 | $2.46 | $3.91 | $12.19 | $10.53 | $0.41 | $2.40 | $1.96 | $0.56 | $0.26 |
| Book value per share | $33.85 | $35.47 | $39.69 | $39.43 | $30.96 | $22.21 | $25.11 | $27.90 | $14.57 | $13.79 |
| Tangible book value per share | $33.85 | $35.47 | $39.69 | $39.43 | $30.96 | $22.21 | $25.11 | $27.90 | $14.57 | $13.79 |
| Dividends per share | — | — | $0.00 | $0.18 | $0.43 | $0.31 | $0.58 | $0.59 | $0.58 | $0.58 |
| Capex per share | $2.67 | $3.20 | $23.63 | $13.07 | $14.45 | $0.27 | $0.49 | $13.01 | $4.27 | $10.75 |
| Debt per share | $37.33 | $39.30 | $37.61 | $28.10 | $30.86 | $22.47 | $25.09 | $30.18 | $17.00 | $13.09 |
| Shares outstanding | 2.8M | 2.7M | 2.8M | 2.9M | 2.5M | 2.3M | 2.3M | 2.2M | 2.3M | 2.3M |
| Change in shares outstanding | +1.0% | −1.3% | −4.4% | +13.4% | +12.0% | +1.0% | +0.8% | −1.0% | 0.0% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −4.5% | −9.4% | −2.6% | 34.8% | 48.1% | −11.0% | 0.0% | 2.4% | 2.7% | −32.6% |
| Return on invested capital (ROIC) | −0.5% | −1.3% | 0.7% | 23.5% | 31.1% | −2.1% | 1.3% | 3.9% | 2.0% | −11.8% |
| Return on assets (ROA) | −2.0% | −4.3% | −1.4% | 18.6% | 23.2% | −5.2% | 0.0% | 1.0% | 0.9% | −11.7% |
| Return on tangible assets | −2.0% | −4.4% | −1.3% | 16.8% | 19.3% | −5.5% | 0.0% | 0.9% | 0.9% | −11.7% |
| Free cash flow margin | 10.3% | −6.4% | −112.4% | −6.8% | 3.6% | 7.7% | 51.4% | −102.3% | −35.1% | −253.7% |
| Income quality (OCF / net income) | — | — | — | 0.98 | 1.26 | — | 916.16 | 3.55 | 3.43 | — |
| Financial health | ||||||||||
| Total debt | $102.9M | $107.2M | $103.9M | $81.2M | $78.7M | $51.1M | $56.5M | $67.4M | $38.3M | $29.5M |
| Cash & short-term investments | $22.5M | $6.7M | $10.8M | $35.2M | $26.8M | $938,282 | $5.4M | $4.4M | $1.3M | $591,108 |
| Net debt | $80.4M | $100.5M | $93.1M | $46.0M | $51.8M | $50.2M | $51.1M | $63.0M | $37.1M | $28.9M |
| Debt / equity | 1.10 | 1.11 | 0.95 | 0.71 | 1.00 | 1.01 | 1.00 | 1.08 | 1.17 | 0.95 |
| Debt / assets | 0.49 | 0.49 | 0.45 | 0.41 | 0.49 | 0.48 | 0.48 | 0.53 | 0.39 | 0.34 |
| Net debt / EBITDA | 5.08 | 7.54 | 6.57 | 0.95 | 1.26 | 16.67 | 5.12 | 6.66 | 4.97 | — |
| Current ratio | 1.53 | 1.24 | 0.95 | 1.76 | 1.72 | 0.31 | 0.86 | 1.11 | 0.79 | 1.33 |
| Quick ratio | 1.46 | 1.13 | 0.79 | 1.72 | 1.67 | 0.24 | 0.81 | 1.07 | 0.74 | 1.20 |
| Interest coverage | -0.2 | -0.4 | 0.2 | 8.9 | 16.6 | -1.2 | 0.9 | 1.4 | 1.4 | -7.7 |
| Working capital | $9.9M | $4.6M | −$1.3M | $20.7M | $12.7M | −$13.2M | −$1.6M | $1.5M | −$2.0M | $695,321 |
| Invested capital | $173.7M | $197.2M | $202.8M | $159.9M | $130.7M | $100.7M | $107.6M | $125.3M | $69.9M | $60.0M |
| Tangible asset value | $102.5M | $105.6M | $119.4M | $113.9M | $78.9M | $50.5M | $56.5M | $62.3M | $32.9M | $31.1M |
| Net current asset value | −$81.0M | −$90.8M | −$87.4M | −$37.7M | −$52.0M | −$50.9M | −$51.6M | −$50.9M | −$57.0M | −$52.8M |
| Graham number | — | — | — | $101.47 | $92.28 | — | $2.03 | $17.74 | $11.12 | — |
| Graham net-net per share | −$30.22 | −$36.38 | −$33.34 | −$14.66 | −$21.05 | −$23.67 | −$23.89 | −$24.34 | −$26.34 | −$23.86 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $0 | $514,977 | $1.1M | $713,552 | $1.3M | $1.3M | $1.3M | $1.3M |
| Share buybacks (net) | $0 | $1.3M | $2.0M | $2.0M | $16.6M | $3.0M | $4.3M | — | — | — |
| Dividend payout ratio | — | — | — | 1.5% | 3.5% | — | — | 117.1% | 154.4% | — |
| Dividends + buybacks / free cash flow | 0.0% | — | — | — | 764.2% | 216.6% | 40.1% | — | — | — |
| Capex / revenue | 14.1% | 14.3% | 137.2% | 53.8% | 57.1% | 2.7% | 4.1% | 118.4% | 50.3% | 307.7% |
| Capex / operating cash flow | 57.7% | 181.4% | 553.1% | 114.6% | 94.1% | 26.3% | 7.4% | 731.6% | 331.1% | 569.6% |
| Capex / depreciation | 0.58 | 0.63 | 5.95 | 3.51 | 4.81 | 0.09 | 0.17 | 5.36 | 2.01 | 6.33 |
| Stock-based compensation / revenue | 1.5% | 1.6% | 1.7% | 1.1% | 0.4% | 1.1% | 0.7% | 0.6% | — | — |
| SG&A / revenue | 6.1% | 12.2% | 14.4% | 4.4% | 7.9% | 10.3% | 8.3% | 22.5% | 12.8% | 20.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 48.2 | 55.0 | 72.0 | 31.0 | 11.3 | 35.1 | 72.7 | 100.4 | 60.6 | 65.6 |
| Days of inventory on hand | 13.6 | 28.2 | 24.1 | 10.1 | 19.2 | 16.7 | 9.8 | 12.4 | 9.3 | 11.9 |
| Days payables outstanding | 19.3 | 26.4 | 28.6 | 21.3 | 17.2 | 18.7 | 15.8 | 12.6 | 8.5 | 13.7 |
| Cash conversion cycle (days) | 42.4 | 56.8 | 67.5 | 19.8 | 13.4 | 33.1 | 66.6 | 100.2 | 61.4 | 63.7 |
| Receivables turnover | 7.58 | 6.63 | 5.07 | 11.77 | 32.17 | 10.39 | 5.02 | 3.64 | 6.03 | 5.57 |
| Payables turnover | 18.94 | 13.85 | 12.75 | 17.10 | 21.20 | 19.54 | 23.04 | 28.94 | 42.89 | 26.57 |
| Inventory turnover | 26.93 | 12.96 | 15.12 | 35.98 | 18.99 | 21.88 | 37.22 | 29.47 | 39.08 | 30.66 |
| Asset turnover | 0.24 | 0.27 | 0.22 | 0.39 | 0.48 | 0.20 | 0.22 | 0.22 | 0.21 | 0.09 |
| Average receivables | $6.9M | $9.2M | $9.4M | $6.0M | $2.0M | $2.1M | $5.4M | $6.7M | $3.2M | $1.4M |
| Average payables | $2.4M | $2.9M | $3.1M | $1.9M | $965,172 | $1.1M | $868,607 | $518,810 | $328,153 | $309,338 |
| Average inventory | $1.7M | $3.1M | $2.6M | $913,997 | $1.1M | $946,996 | $537,829 | $509,569 | $360,156 | $268,120 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from EDRY's annual financial statements (latest annual report filed April 28, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EDRY valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 13.7 and the forward P/E is 8.4. EuroDry earned a return on equity of −4.5% and a return on invested capital of −0.5% in fiscal 2025. It ended the year with $102.9 million of debt and $22.5 million in cash and short-term investments, net debt of $80.4 million. The share count rose 22.2% from 2.3M to 2.8M over 9 years.
See the EDRY income statement, the EDRY chart for price history, or the EDRY stock overview for the latest quote and news.
EDRY key metrics FAQ
What is EuroDry's P/E ratio?
EuroDry's trailing P/E ratio is 13.7 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 8.4. At the end of fiscal 2025 it was —, compared with a 10-year median of 1.6.
What is EuroDry's EV/EBITDA?
EuroDry's enterprise value was 7.3 times EBITDA at the end of fiscal 2025 (enterprise value $115.8 million, EBITDA $15.8 million); the current EV/EBITDA is 8.2.
What is EuroDry's return on equity?
EuroDry's return on equity (ROE) was −4.5% in fiscal 2025: net income of -$4.3 million on average shareholders' equity of $95.0 million.
What is EuroDry's ROIC?
EuroDry's return on invested capital was −0.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does EuroDry have?
EuroDry had total debt of $102.9 million at the end of fiscal 2025, a debt-to-equity ratio of 1.10 and $80.4 million of net debt (5.08 times EBITDA).
What is EuroDry's free cash flow yield?
EuroDry generated $5.4 million of free cash flow in fiscal 2025, a free cash flow yield of 15.3% on its market value at year-end ($35.4 million).
What is EuroDry's current ratio?
EuroDry's current ratio was 1.53 at the end of fiscal 2025: current assets were 1.53 times current liabilities.