ESEA Stock Overview
Euroseas Ltd. provides ocean-going transportation services worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$25.67|
|52 Week High||US$39.17|
|52 Week Low||US$3.59|
|1 Month Change||-17.75%|
|3 Month Change||9.33%|
|1 Year Change||527.63%|
|3 Year Change||262.57%|
|5 Year Change||67.12%|
|Change since IPO||-98.30%|
Recent News & Updates
Euroseas: Set For Record Profitability But Trades At 45% Discount To NAV
Euroseas should report record net income levels in Q4, FY2022, and potentially FY2023. The company trades at a steep discount to NAV, and at a record-low forward EV/EBITDA ratio. Euroseas does not return capital to shareholders which could make it look like an inferior pick compared to its industry peers. Still, significant upside potential remains.
Euroseas: Post-Earnings Sell-Off Provides Decent Buying Opportunity
Company reports Q3 results below expectations mostly due to higher insurance premiums, increased drydocking expense and elevated COVID-related crewing costs. Discussing latest fleet additions and charter contracts. At current charter rates, adjusted EBITDA for FY2022 would calculate to approximately $135 million, a year-over-year increase of almost 150%. Cash flow from operations for the next two years could be well in excess of $200 million, higher than the company's current market capitalization. Get long Euroseas due to discounted valuation and strong outlook with a short-term price target of $35 going into the company's Q4 earnings release in February.
Is Euroseas (NASDAQ:ESEA) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|ESEA||US Shipping||US Market|
Return vs Industry: ESEA exceeded the US Shipping industry which returned 59.4% over the past year.
Return vs Market: ESEA exceeded the US Market which returned 20% over the past year.
|ESEA Average Weekly Movement||14.2%|
|Shipping Industry Average Movement||8.2%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.0%|
|10% least volatile stocks in US Market||2.3%|
Stable Share Price: ESEA is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: ESEA's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of May 6, 2021, it had a fleet of 14 vessels, including 9 feeder containerships and 5 intermediate container carriers with a cargo capacity of 42,281 teu.
Euroseas Fundamentals Summary
|ESEA fundamental statistics|
Is ESEA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ESEA income statement (TTM)|
|Cost of Revenue||US$32.57m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.76|
|Net Profit Margin||29.56%|
How did ESEA perform over the long term?See historical performance and comparison
Is Euroseas undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ESEA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ESEA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ESEA is poor value based on its PE Ratio (9.3x) compared to the US Shipping industry average (5.5x).
PE vs Market: ESEA is good value based on its PE Ratio (9.3x) compared to the US market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ESEA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ESEA is overvalued based on its PB Ratio (3.4x) compared to the US Shipping industry average (0.9x).
How is Euroseas forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if ESEA's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if ESEA's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ESEA's revenue (21.8% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: ESEA's revenue (21.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ESEA's Return on Equity is forecast to be high in 3 years time (31.3%)
How has Euroseas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ESEA has high quality earnings.
Growing Profit Margin: ESEA's current net profit margins (29.6%) are higher than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: ESEA has become profitable over the past 5 years, growing earnings by 79.7% per year.
Accelerating Growth: ESEA's earnings growth over the past year (892.8%) exceeds its 5-year average (79.7% per year).
Earnings vs Industry: ESEA earnings growth over the past year (892.8%) exceeded the Shipping industry 517.7%.
Return on Equity
High ROE: Whilst ESEA's Return on Equity (38.47%) is high, this metric is skewed due to their high level of debt.
How is Euroseas's financial position?
Financial Position Analysis
Short Term Liabilities: ESEA's short term assets ($10.9M) do not cover its short term liabilities ($21.6M).
Long Term Liabilities: ESEA's short term assets ($10.9M) do not cover its long term liabilities ($44.4M).
Debt to Equity History and Analysis
Debt Level: ESEA's net debt to equity ratio (99.3%) is considered high.
Reducing Debt: ESEA's debt to equity ratio has increased from 52.4% to 110.2% over the past 5 years.
Debt Coverage: ESEA's debt is well covered by operating cash flow (46.1%).
Interest Coverage: ESEA's interest payments on its debt are well covered by EBIT (10.6x coverage).
What is Euroseas's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ESEA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ESEA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ESEA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ESEA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ESEA is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ESEA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Aristides Pittas (61 yo)
Mr. Aristides J. Pittas has been the Chairman and Chief Executive Officer at Euroseas, Ltd. since May 5, 2005 and serves as its President. Mr. Pittas has been the President of Eurochart S.A., since 1997.H...
Experienced Management: ESEA's management team is seasoned and experienced (16.5 years average tenure).
Experienced Board: ESEA's board of directors are seasoned and experienced ( 16.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15%.
Euroseas Ltd.'s employee growth, exchange listings and data sources
- Name: Euroseas Ltd.
- Ticker: ESEA
- Exchange: NasdaqCM
- Founded: 2005
- Industry: Marine
- Sector: Transportation
- Market Cap: US$185.976m
- Shares outstanding: 7.24m
- Website: https://www.euroseas.gr
- Euroseas Ltd.
- 4 Messogiou & Evropis Street
- 151 24
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/01 00:06|
|End of Day Share Price||2021/11/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.