NasdaqCM:ESEA

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Euroseas Ltd. provides ocean-going transportation services worldwide. More Details


Snowflake Analysis

Questionable track record and overvalued.


Similar Companies

Share Price & News

How has Euroseas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ESEA is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: ESEA's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

41.5%

ESEA

-2.4%

US Shipping

0.7%

US Market


1 Year Return

26.1%

ESEA

-21.9%

US Shipping

22.2%

US Market

Return vs Industry: ESEA exceeded the US Shipping industry which returned -22.4% over the past year.

Return vs Market: ESEA exceeded the US Market which returned 22.7% over the past year.


Shareholder returns

ESEAIndustryMarket
7 Day41.5%-2.4%0.7%
30 Day67.3%23.2%11.8%
90 Day97.3%31.6%8.6%
1 Year26.1%26.1%-20.3%-21.9%25.0%22.2%
3 Year-28.7%-69.4%-2.7%-9.8%49.4%39.5%
5 Year-54.8%-80.6%-35.7%-44.4%100.2%78.1%

Long-Term Price Volatility Vs. Market

How volatile is Euroseas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Euroseas undervalued compared to its fair value and its price relative to the market?

11.97x

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 (12x) compared to the US Shipping industry average (11.6x).

PE vs Market: ESEA is good value based on its PE Ratio (12x) compared to the US market (19.4x).


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 (1.1x) compared to the US Shipping industry average (0.4x).


Next Steps

Future Growth

How is Euroseas forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.7%

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 (2.2%).

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 (9.7% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: ESEA's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ESEA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Euroseas performed over the past 5 years?

49.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESEA has a high level of non-cash earnings.

Growing Profit Margin: ESEA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ESEA has become profitable over the past 5 years, growing earnings by 49% per year.

Accelerating Growth: ESEA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ESEA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (8.9%).


Return on Equity

High ROE: ESEA's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

How is Euroseas's financial position?


Financial Position Analysis

Short Term Liabilities: ESEA's short term assets ($7.7M) do not cover its short term liabilities ($19.9M).

Long Term Liabilities: ESEA's short term assets ($7.7M) do not cover its long term liabilities ($61.1M).


Debt to Equity History and Analysis

Debt Level: ESEA's debt to equity ratio (235%) is considered high.

Reducing Debt: ESEA's debt to equity ratio has increased from 36.7% to 235% over the past 5 years.

Debt Coverage: ESEA's debt is not well covered by operating cash flow (2.7%).

Interest Coverage: ESEA's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

15.6yrs

Average management tenure


CEO

Aristides Pittas (60 yo)

15.58yrs

Tenure

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...


Leadership Team

NamePositionTenureCompensationOwnership
Aristides Pittas
Chairman15.58yrsno data0.32%
$ 78.1k
Anastasios Aslidis
CFO, Treasurer & Director15.25yrsno data0.19%
$ 47.4k
Symeon Pariaros
Chief Administrative Officerno datano data0.010%
$ 2.5k
Stephania Karmiri
Secretary15.58yrsno datano data

15.6yrs

Average Tenure

60yo

Average Age

Experienced Management: ESEA's management team is seasoned and experienced (15.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Aristides Pittas
Chairman15.58yrsno data0.32%
$ 78.1k
Anastasios Aslidis
CFO, Treasurer & Director15.25yrsno data0.19%
$ 47.4k
George Taniskidis
Independent Director15.58yrsno data0.010%
$ 2.5k
Aristides Pittas
Vice Chairman of the Board15.25yrsno data0.067%
$ 16.5k
Panagiotis Kyriakopoulos
Independent Director15.58yrsno data0.075%
$ 18.6k
Apostolos Tamvakakis
Independent Director7.5yrsno data0.031%
$ 7.7k
Christian Donohue
Director3yrsno datano data
Andreas Papathomas
Director1.08yrsno data9.43%
$ 2.3m

15.3yrs

Average Tenure

60yo

Average Age

Experienced Board: ESEA's board of directors are seasoned and experienced ( 15.3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Euroseas Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Euroseas Ltd.
  • Ticker: ESEA
  • Exchange: NasdaqCM
  • Founded: 2005
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$24.641m
  • Shares outstanding: 5.60m
  • Website: https://www.euroseas.gr

Location

  • Euroseas Ltd.
  • 4 Messogiou & Evropis Street
  • Marousi
  • 151 24
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESEANasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 2006
2LE1DB (Deutsche Boerse AG)YesCommon StockDEEURMar 2006

Biography

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes primarily, including manufacture...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 00:22
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.