EuroDry Ltd (EDRY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of EuroDry Ltd stock $36.84, price $34.61, upside +6.4%, quality 45 out of 100. Rating: fairly valued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $7.98 – $71.85 · fair‑value band $13.18 – $69.78 · the $34.61 price screens below the $36.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers.
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As of March 31, 2026, it operated through a fleet of 11 drybulk carriers comprising three Panamax drybulk carriers, two Kamsarmax drybulk carriers, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 766,420 deadweight tons.
EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.
Stock analysis
EuroDry Ltd (EDRY) currently trades at $34.61, while our model-based Fair Value estimate is $36.84, so the stock looks roughly fairly valued today (gap 6.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $39.82 per share, and 5 of the 10 models we run sit above the $34.61 price.
Bear case: the Asset-Based group reads lowest at $21.80, and 5 of the 10 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $13.18 (bear) to $69.78 (bull), the price of $34.61 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
EuroDry Ltd reported revenue of $52.3M in FY2025 versus $64.4M in FY2021, a compound −5.1%/yr. Reported net income was −$4.3M in FY2025.
Key figures
Market cap $110M Micro · P/E ratio 10.4 · P/S ratio 1.76 · EPS (TTM) $3.33 · Net margin 15.0% · Return on equity 10.2% · Return on assets (EBIT) 8.0% (5-year average) · Operating margin 49.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 176% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 6%, EDRY screens richer than that median.
Fair Value models
Bear$13.18Fair Value $36.84Bull$69.78
Price $34.61 · Upside +6.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($2.86 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director bought shares worth $121,924, on Oct 15, 2026. Over the same period, 5 people sold shares worth $836,456.
SalePanagiotis KyriakopoulosDirector2,067 shares at $43.80$90,535Oct 26, 2026
BuyAristeidis P PittasDirector5× since Apr 8, 2026: 3,404 shares, avg. $39.97$136,074Oct 15, 2026
SaleAnastasios AslidisChief Financial Officer, Director3,000 shares at $55.40$166,200Oct 1, 2026
SaleAristeidis P PittasDirector5× since Jul 14, 2026: 5,550 shares, avg. $45.48$252,399Aug 25, 2026
SaleSymeon PariarosChief Administrative Officer3× since Aug 12, 2026: 7,276 shares, avg. $42.87$311,923Aug 21, 2026
SaleStefania KarmiriCorporate Secretary400 shares at $38.50$15,400Aug 11, 2026
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−14.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−9.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.6%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−12.3% (2020) → −2.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+25.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+32.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +22.1% a year for the price and +29.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (90 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 220 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside+6.4% · Below median
Profitability
Return on equity (12 months)10.2% · Above median
Return on assets−2.0% · Bottom 25%
Net margin (12 months)15.0% · Above median
Operating margin (12 months)49.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)57.0% · Top 25%
Balance sheet
Debt / equity0.97× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (12 months)10.4× · Cheaper than median
P/B1.18× · Pricier than median
P/S (12 months)1.76× · Cheaper than median
Price / free cash flow (fiscal year)20.3× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "EuroDry Ltd Fair Value". https://www.fairvalue-calculator.com/stock/EDRY
Frequently asked questions
Is EuroDry Ltd (EDRY) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $36.84 versus a price of $34.61, about +6% upside (fairly valued).
What is the fair value of EDRY?
Our model-based fair value for EuroDry Ltd is $36.84 (as of Nov 6, 2026), built from audited fundamentals. The current price: $34.61.
What is the quality score of EDRY?
EuroDry Ltd has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for EuroDry Ltd (EDRY)?
Our model-based price target is the fair value of $36.84 (as of Nov 6, 2026) from 11 valuation models. Cautious scenario $13.18, optimistic scenario $69.78. It is a calculation from audited fundamentals, not an analyst target.
What is the EuroDry Ltd stock forecast for 2026?
Our models put fair value at $36.84, about +6% upside versus a price of $34.61 (fairly valued). Cautious scenario $13.18, optimistic scenario $69.78. The calculation is refreshed regularly with new filings.
What is the revenue of EuroDry Ltd (EDRY)?
EuroDry Ltd reported trailing-twelve-month revenue of about $62.3M (latest available figure, as of Nov 6, 2026).
What growth is priced into EuroDry Ltd (EDRY)?
For today's price to be fair in a discounted-cash-flow model, EuroDry Ltd would have to grow free cash flow by +25.0 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of EDRY use?
Our models discount EuroDry Ltd at 12.0 %: a base by market capitalisation (micro), damped by beta 0.77, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For EuroDry Ltd that is +25.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has EuroDry Ltd (EDRY) delivered so far?
Over the past 5 years revenue at EuroDry Ltd grew +18.6 % a year. The price currently implies free-cash-flow growth of +25.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of EuroDry Ltd (EDRY) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into EuroDry Ltd (+25.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of EuroDry Ltd (EDRY)?
The free-cash-flow yield on the price is 5.49 %: that much free cash flow EuroDry Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of EuroDry Ltd (EDRY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EuroDry Ltd it is $36.84 per share (as of Nov 6, 2026), against a price of $34.61. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is EuroDry Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, EDRY trades below its calculated fair value: price $34.61, fair value $36.84, a gap of about +6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EDRY?
No. The price is what the market pays today ($34.61); the fair value is what the company's own numbers justify ($36.84). For EuroDry Ltd the two are $2.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is EuroDry Ltd worth?
The market values EuroDry Ltd at about $110M (market capitalisation, as of Nov 6, 2026). Per share that is $34.61; our models calculate a fair value of $36.84 per share.
What do the bullish and bearish scenarios say about EDRY?
Our models span a range for EuroDry Ltd: cautious scenario $13.18, base $36.84, optimistic $69.78 per share (as of Nov 6, 2026, price $34.61). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EDRY?
EuroDry Ltd trades at a price-to-earnings ratio of 10.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $36.84 is built from several models across several years. Other multiples: P/B 1.2, P/S 1.8, EV/EBITDA 6.3.
How solid is the balance sheet of EuroDry Ltd (EDRY)?
Balance-sheet figures for EuroDry Ltd (as of Nov 6, 2026): return on equity 10.2%, debt of 0.97 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is EDRY from its 52-week high?
EuroDry Ltd trades at $34.61, about 52% below its 52-week high of $71.85 and 176% above the low of $12.53 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $36.84 is for.
Which stocks are comparable to EuroDry Ltd?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is EuroDry Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price $34.61, calculated fair value $36.84 (+6%), Quality Score 45/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EDRY calculated?
We run EuroDry Ltd through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of $36.84 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. EuroDry Ltd currently trades 6% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of EuroDry Ltd (EDRY)?
The closing price on Nov 6, 2026 was $34.61. Our model-based fair value is $36.84, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EuroDry Ltd right now?
The model range is unusually wide ($13.18 to $69.78). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of EuroDry Ltd
How large is the market capitalisation of EuroDry Ltd (EDRY)?
The market capitalisation of EuroDry Ltd is $110M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EuroDry Ltd (EDRY)?
The price-to-sales ratio of EuroDry Ltd is 1.76 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EuroDry Ltd (EDRY)?
Earnings per share at EuroDry Ltd are $3.33 (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of EuroDry Ltd (EDRY)?
The net margin of EuroDry Ltd is 15.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of EuroDry Ltd (EDRY)?
The return on equity (ROE) of EuroDry Ltd is 10.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of EuroDry Ltd (EDRY)?
On an EBIT basis the return on assets of EuroDry Ltd is 8.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of EuroDry Ltd (EDRY)?
The operating margin of EuroDry Ltd is 49.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EuroDry Ltd (EDRY)?
Revenue at EuroDry Ltd is growing +57.0% versus a year earlier (3y avg −9.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at EuroDry Ltd (EDRY)?
Earnings per share at EuroDry Ltd are growing −94.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does EuroDry Ltd (EDRY) carry?
The net debt of EuroDry Ltd is $80.4M (fiscal year 2025, ≈ 14.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 6, 2026