Euroseas Ltd.
Find Ratings ReportsEUROSEAS LTD's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the subsector average, its revenue growth has not. EUROSEAS LTD has average liquidity. Currently, the Quick Ratio is 1.23 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 58.52% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 50.69 | 44.45 |
EBITDA ($mil) | 32.6 | 24.85 |
EBIT ($mil) | 26.61 | 19.5 |
Net Income ($mil) | 24.72 | 20.34 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 58.62 | 28.04 |
Total Assets ($mil) | 424.67 | 328.59 |
Total Debt ($mil) | 130.0 | 107.23 |
Equity ($mil) | 266.58 | 168.16 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 70.31 | 62.54 |
EBITDA Margin | 64.31 | 55.9 |
Operating Margin | 52.5 | 43.88 |
Sales Turnover | 0.46 | 0.58 |
Return on Assets | 26.97 | 32.33 |
Return on Equity | 42.97 | 63.18 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.29 | 0.64 |
Debt/Capital | 0.33 | 0.39 |
Interest Expense | 3.47 | 1.36 |
Interest Coverage | 7.67 | 14.34 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 7.01 | 7.12 |
Div / share | 0.5 | 0.5 |
EPS | 3.56 | 2.86 |
Book value / share | 38.01 | 23.63 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 57488.0 | 29824.0 |
BUY. EUROSEAS LTD's P/E ratio indicates a significant discount compared to an average of 19.67 for the Water Transportation subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.93 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.67. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, EUROSEAS LTD proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ESEA 2.14 | Peers 19.67 | ESEA 1.90 | Peers 5.71 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ESEA is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ESEA is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ESEA 8.74 | Peers 8.38 | ESEA NM | Peers 0.94 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. ESEA is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ESEA's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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ESEA 0.93 | Peers 4.67 | ESEA 11.74 | Peers 128.83 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ESEA is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, ESEA is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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ESEA 1.26 | Peers 1.81 | ESEA 3.24 | Peers 47.97 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ESEA is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ESEA significantly trails its peers on the basis of sales growth. |
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