ESEA

Euroseas

Fundamental data last updated:April 13, 2026

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company profile

SECTOR

Industrials

industry

Marine Shipping

Exchange

Nasdaq

County of HQ

Greece

Next Earnings Date

06/17/26

Business Summary

Euroseas operates as an asset-based marine shipping company, deploying vessels to transport cargo under charter agreements that generate voyage and time-charter revenue. Cash flow is driven by securing favorable charter rates while maintaining tight cost controls to preserve its 28.20% operating margin. The moat is not technological dominance but disciplined capital allocation—buying vessels at attractive points in the cycle and extracting high ROIC of 20.90% from those assets. Scale, fleet quality, and charter relationships create recurring revenue visibility, but the true edge lies in timing the shipping cycle better than competitors.

 


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VALUATION

P/E

3.5

Market Cap ($M USD)

$481

Forward P/E

5.1

PEG

0.1

PRICE TO SALES

2.1

PRICE TO BOOK

1

EV / EBITDA

3.2

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

4.10%

Annual Payout

$3.00

Payout Ratio

14.90%

Consecutive Years of Dividend Growth

3

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$17.40

Next Year EPS Growth Estimate

$13.37

Next Year Revenue Growth Estimate

7.10%

Return on Equity (ROE)

28.20%

FREE CASH FLOW

Operating Margin

54.90%

Debt-to-Equity

0.5

Piotroski F-Score

6

Altman Z-Score

2.7

Return on Invested Capital (ROIC)

20.90%

Current Ratio

3.6

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

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Gainseekers Quantitative Analysis

Summary

At 3.5x trailing earnings and 5.1x forward earnings, this stock is priced like a distressed cyclical despite generating a 20.90% ROIC and a 28.20% operating margin. A PEG Forward of 0.1 implies the market is assigning almost no credibility to forward growth, even with EPS expected at $17.40 next year versus $3.2 currently. The Altman Z-Score of 2.7 places the company in the grey zone—not distressed, but not bulletproof—while a Current Ratio of 3.6 signals strong short-term liquidity. This is a classic deep-value shipping name trading at 1x book and 2.1x sales, suggesting the market is heavily discounting sustainability of earnings rather than imminent insolvency. The valuation screams mispricing, but it is a cyclical mispricing tied to confidence, not balance sheet collapse.

AI Exposure / Tech Reliance

As a Marine Shipping company within Industrials, AI exposure is indirect and operational rather than product-driven. Efficiency gains would likely come through route optimization, fuel management, and fleet utilization rather than revenue expansion from AI itself. The business is asset-heavy and cyclical, meaning tech adaptation improves margins but does not fundamentally alter demand sensitivity.

The Bull Case

A value or GARP investor buys this because the capital efficiency is real: 20.90% ROIC with only 54.90% Debt/Equity is not financial engineering, it is productive asset utilization. Operating margins at 28.20% in marine shipping are substantial, and a Piotroski F-Score of 6 signals generally healthy fundamentals without distress characteristics. Trading at 1x book and 3.5x earnings with 85.00% institutional ownership, the stock reflects skepticism despite institutional sponsorship. The forward earnings profile—$17.40 EPS next year versus $3.2 today—combined with a PEG Forward of 0.1 creates asymmetric upside if even a portion of those expectations materialize. Add a 0.5 TTM yield and a Dividend Per Share of 4.10% with a 3 five-year average dividend rate, and investors are being paid while waiting for normalization.

The Bear Case

The red flags are structural and cyclical. Debt/Equity at 54.90% is manageable in stable environments but dangerous in a downturn-heavy industry like Marine Shipping. The Altman Z-Score of 2.7 sits in the grey zone, meaning balance sheet strength is adequate but not fortress-level if freight rates compress. The Forward P/E rising to 5.1 from 3.5 suggests earnings may normalize lower after a strong period, and the Sales Growth Next Year figure of $13.37 does not provide clear visibility into sustained expansion. This is a boom-bust industry, and the market is pricing in the bust.

Market Sentiment & Smart Money

Short Interest %

3.10%

Analyst Consensus

1.67

Average Analyst Price Target

$85.00

Institutional Ownership %

11.10%

1-Year Beta

1.16

Insider Buying % (6 Mo)

59.40%%

Distance to 52-Week High

93.60%

Distance to 52-Week Low

241.70%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.