Estados financieros detallados de EuroDry Ltd. (EDRY): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
EuroDry Ltd. registró ingresos de $52.3M en el último ejercicio fiscal, con un CAGR de 5 años del 18.6%.
Márgenes de los últimos 12 meses: margen bruto 36.6%, margen operativo 24.5%, margen neto 15.0%. El flujo de caja libre creció a un CAGR del 25.8% en 5 años.
Al precio actual de $69.28, EDRY cotiza a un P/E de 20.67 y un ROE del 9.92%. La capitalización bursátil es de $200M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $7.9M | $19.2M | $24.5M | $27.2M | $22.3M | $64.4M | $70.2M | $47.6M | $61.1M | $52.3M |
| Coste de Ventas | $8.2M | $14.1M | $15.0M | $20.0M | $20.7M | $20.5M | $32.9M | $39.1M | $40.3M | $45.9M |
| Beneficio Bruto | -$340726 | $5.1M | $9.5M | $7.2M | $1.6M | $44.0M | $37.3M | $8.5M | $20.8M | $6.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $1.6M | $2.5M | $5.5M | $2.3M | $2.3M | $5.1M | $3.1M | $6.9M | $7.5M | $7.6M |
| Gastos Operativos | $1.6M | $2.5M | $5.5M | $4.2M | $4.3M | $5.1M | $3.2M | $6.9M | $24.2M | $7.6M |
| Beneficio Operativo | -$9.0M | $2.6M | $4.0M | $3.0M | -$2.7M | $38.9M | $34.1M | $1.6M | -$3.3M | -$1.2M |
| EBITDA | -$4.7M | $7.7M | $9.9M | $10.0M | $3.0M | $41.4M | $48.2M | $14.2M | $13.3M | $15.8M |
| Gastos por Intereses | $1.2M | $1.8M | $2.9M | $3.5M | $2.3M | $2.3M | $3.9M | $6.5M | $8.0M | $6.9M |
| Beneficio Antes de Impuestos | -$10.1M | $849701 | $1.1M | $16497 | -$5.9M | $31.2M | $33.5M | -$3.3M | -$10.6M | -$3.8M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$10.1M | $849701 | $1.1M | $16497 | -$5.9M | $31.2M | $33.5M | -$2.9M | -$9.7M | -$4.3M |
| BPA | $-4.50 | $0.38 | $0.50 | $-1.55 | $-3.61 | $11.63 | $11.66 | $-1.05 | $-3.54 | $-1.55 |
| BPA Diluido | $-4.50 | $0.38 | $0.50 | $-1.55 | $-3.61 | $11.54 | $11.61 | $-1.05 | $-3.54 | $-1.55 |
| Acciones en Circulación (Diluidas) | $2.3M | $2.3M | $2.2M | $2.3M | $2.3M | $2.5M | $2.9M | $2.8M | $2.7M | $2.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $14.4M | $17.4M | $12.8M | $17.7M |
| Beneficio Bruto | $2.9M | $5.2M | $4.0M | $10.7M |
| Beneficio Operativo | $1.1M | $3.3M | $2.1M | $8.8M |
| EBITDA | $4.4M | $8.4M | $4.8M | $11.8M |
| Beneficio Neto | -$673477 | $3.2M | $256440 | $6.6M |
| BPA | $-0.24 | $1.14 | $0.09 | $2.36 |
| BPA Diluido | $-0.24 | $1.14 | $0.09 | $2.32 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $591108 | $1.3M | $4.4M | $5.4M | $938282 | $26.8M | $35.2M | $8.0M | $6.7M | $22.5M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $2.8M | 0 | 0 |
| Cuentas por Cobrar | $1.4M | $4.9M | $8.5M | $2.3M | $2.0M | $2.0M | $9.9M | $8.9M | $9.5M | $4.2M |
| Inventario | $268120 | $452191 | $566947 | $508711 | $1.4M | $770342 | $1.1M | $4.1M | $2.1M | $1.3M |
| Activos Corrientes | $2.8M | $7.6M | $14.5M | $9.6M | $6.1M | $30.4M | $47.9M | $24.2M | $23.3M | $28.6M |
| Inmovilizado Material | $64.4M | $82.0M | $110.6M | $105.5M | $99.3M | $128.5M | $149.0M | $203.5M | $192.7M | $180.3M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $86.7M | $97.5M | $127.7M | $117.7M | $107.5M | $161.3M | $199.5M | $231.1M | $219.7M | $212.1M |
| Cuentas por Pagar | $309338 | $346968 | $690653 | $1.0M | $1.1M | $855825 | $3.0M | $3.1M | $2.7M | $2.2M |
| Deuda a Corto | $1.3M | $8.0M | $6.9M | $6.8M | $13.8M | $13.9M | $22.9M | $17.8M | $11.8M | $12.0M |
| Pasivos Corrientes | $2.1M | $9.6M | $13.0M | $11.2M | $19.3M | $17.7M | $27.2M | $25.5M | $18.8M | $18.7M |
| Deuda a Largo | $28.2M | $30.4M | $56.4M | $49.7M | $37.3M | $64.7M | $58.4M | $86.1M | $95.4M | $90.9M |
| Pasivos Totales | $55.6M | $64.6M | $65.4M | $61.2M | $57.0M | $82.4M | $85.6M | $111.6M | $114.1M | $109.6M |
| Reservas | -$10.5M | -$9.7M | -$9.1M | -$11.0M | -$18.5M | $10.9M | $44.5M | $41.6M | $29.0M | $24.7M |
| Patrimonio Neto | $31.1M | $32.9M | $62.3M | $56.5M | $50.5M | $78.9M | $113.9M | $109.7M | $96.7M | $93.3M |
| Deuda Total | $29.5M | $38.3M | $63.4M | $56.5M | $51.1M | $78.7M | $81.2M | $103.9M | $107.2M | $102.9M |
| Deuda Neta | $28.9M | $37.1M | $59.0M | $51.1M | $50.2M | $51.8M | $46.0M | $93.1M | $100.5M | $80.4M |
| Capital Circulante | $695321 | -$2.0M | $1.5M | -$1.6M | -$13.2M | $12.7M | $20.7M | -$1.3M | $4.6M | $9.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $8.7M | $22.5M | $21.5M | $28.4M |
| Activos Totales | $202.1M | $212.1M | $209.1M | $212.5M |
| Pasivos Totales | $103.1M | $109.6M | $105.9M | $103.0M |
| Patrimonio Neto | $89.9M | $93.3M | $93.8M | $100.1M |
| Deuda Total | $97.1M | $102.9M | $100.1M | $97.4M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$10.1M | $849701 | $1.1M | $16497 | -$5.9M | $31.2M | $33.5M | -$2.9M | -$13.5M | -$4.3M |
| Amortizaciones | $3.8M | $4.8M | $5.4M | $6.5M | $6.6M | $7.7M | $10.8M | $11.0M | $13.9M | $12.7M |
| Compensación en Acciones | 0 | 0 | $137517 | $184799 | $245922 | $230644 | $788725 | $797984 | $954087 | 0 |
| Cambio en Capital Circulante | $3.0M | -$2.9M | -$3.1M | $7.9M | $714654 | -$1.1M | -$7.3M | -$271205 | $1.8M | $5.6M |
| Flujo de Caja Operativo | $4.3M | $2.9M | $4.0M | $15.1M | $2.3M | $39.1M | $33.0M | $11.8M | $4.8M | $12.8M |
| Inversiones (CapEx) | -$24.2M | -$9.6M | -$29.0M | -$1.1M | -$611106 | -$36.8M | -$37.8M | -$65.3M | -$8.7M | -$7.4M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $10.1M | 0 | $13.5M |
| Recompra de Acciones | 0 | 0 | 0 | -$4.3M | 0 | 0 | -$2.0M | -$2.0M | -$1.3M | 0 |
| Dividendos Pagados | 0 | 0 | 0 | -$1.3M | -$713552 | -$1.1M | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$20.0M | -$6.7M | -$25.1M | $14.0M | $1.7M | $2.3M | -$4.8M | -$53.5M | -$3.9M | $5.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $4.9M | $7.6M | $2.3M | $10.2M |
| Inversiones (CapEx) | -$35105 | -$7.3M | -$280185 | -$19269 |
| Flujo de Caja Libre | $4.9M | $265660 | $2.0M | $10.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | $235300 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +143.2% | +28.0% | +11.1% | -18.2% | +189.1% | +8.9% | -32.2% | +28.3% | -14.4% |
| Crecimiento Beneficio Neto (anual) | | +108.4% | +31.8% | -98.5% | -35729.9% | +630.0% | +7.7% | -108.7% | -231.9% | +55.8% |
| Crecimiento BPA (anual) | | +108.4% | +31.6% | -410.0% | -132.9% | +422.2% | +0.3% | -109.0% | -237.1% | +56.2% |
| Cambio en Acciones (anual) | | +0.0% | -1.0% | +0.8% | +1.0% | +12.0% | +13.4% | -4.4% | -1.3% | +1.0% |
| Crecimiento FCF (anual) | | +66.4% | -272.9% | +155.8% | -87.8% | +35.0% | -307.4% | -1014.3% | +92.7% | +237.7% |
| Margen Bruto | -4.3% | 26.5% | 38.8% | 26.5% | 7.0% | 68.2% | 53.1% | 17.8% | 34.1% | 12.3% |
| Margen Operativo | -113.8% | 13.7% | 16.3% | 11.0% | -12.3% | 60.3% | 48.6% | 3.3% | -5.5% | -2.2% |
| Margen EBITDA | -59.4% | 40.0% | 40.2% | 36.7% | 13.5% | 64.3% | 68.6% | 29.8% | 21.8% | 30.3% |
| Margen Neto | -128.7% | 4.4% | 4.6% | 0.1% | -26.4% | 48.3% | 47.8% | -6.1% | -15.8% | -8.2% |
| Margen FCF | -253.7% | -35.1% | -102.3% | 51.4% | 7.7% | 3.6% | -6.8% | -112.4% | -6.4% | 10.3% |
| Tasa Impositiva Efectiva | -0.0% | 0.0% | 0.0% | 0.0% | -0.0% | 0.0% | 0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-8.86 | $-2.98 | $-11.23 | $6.22 | $0.75 | $0.91 | $-1.66 | $-19.36 | $-1.44 | $1.96 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.58 | $0.31 | $0.43 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $2.3M | $2.2M | $2.2M | $2.3M | $2.3M | $2.5M | $2.9M | $2.8M | $2.7M | $2.8M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | 9.92% |
| Rentabilidad sobre capital invertido | 7.37% |
| Rentabilidad sobre activos | 4.40% |
| Margen bruto | 36.62% |
| Margen operativo | 24.49% |
| Margen neto | 15.02% |
Salud financiera
| Deuda / Patrimonio | 0.97 |
| Ratio corriente | 1.28 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -1.68 | 19.87 | 17.18 | -5.03 | -1.52 | 1.64 | 1.47 | -18.14 | -3.16 | -8.28 |
| P/VC | 0.55 | 0.51 | 0.31 | 0.31 | 0.25 | 0.61 | 0.43 | 0.48 | 0.32 | 0.38 |
| P/V | 2.16 | 0.87 | 0.78 | 0.64 | 0.56 | 0.75 | 0.70 | 1.11 | 0.50 | 0.68 |
| Margen Bruto | -4.3% | 26.5% | 38.8% | 26.5% | 7.0% | 68.2% | 53.1% | 17.8% | 34.1% | 12.3% |
| Margen Operativo | -113.8% | 13.7% | 16.3% | 11.0% | -12.3% | 60.3% | 48.6% | 3.3% | -5.5% | -2.2% |
| Margen Neto | -128.7% | 4.4% | 4.6% | 0.1% | -26.4% | 48.3% | 47.8% | -6.1% | -15.8% | -8.2% |