Euroholdings Ltd.EHLD

NasdaqIndustrialsDeep Sea Foreign Transportation of Freight
Price (close)
$11.52
Market cap
$32.4M
P/E
2.2x
Revenue (FY)
$13.2M
Net income
$14.8M
Dividend yield
4.86%
1-year total return
74.8%
Net margin
111.6%
Revenue growth
-15.4%
Debt / equity
0.99x

What Euroholdings Ltd. does.

Our business strategy is to invest in the shipping assets. We are currently focused on the containership and tanker sector. We carefully select the timing and the structure of our investments in vessels, and reliably, safely, and competitively operate the vessels we own, through our affiliated Containership Manager, Eurobulk, and our affiliated Tanker Manager, Latsco Marine Management Inc.

Our long-term strategy to maximize the value of our fleet is to employ our vessels on a mix of all types of charter contracts, including in the short-term or spot market and on long-term charters. We believe this strategy provides the cash flow stability, and high utilization rates of the charter market, while at the same time enabling us to benefit from periods of increasing short-term or spot market rates. But our short-term strategy at any given point in time is dictated by a multitude of factors and the chartering opportunities before us. We may, for example, seek to employ a greater portion of our fleet on the short-term or spot market or on time charters with longer durations, should we believe it to be in our best interests. We generally prefer spot or short-term contracts in order to be versatile, to be able to move quickly to capture a market upswing, and to be more selective with the cargos we carry. Long-term charters, however, provide desirable cash flow stability, albeit at the cost of missing upswings in cargo rates. Accordingly, our mix between short-term or spot charters and longer-term charters changes from time-to-time. When our ships are not all on the short-term or spot market, we generally seek to stagger the expiration dates of our charters to reduce exposure to volatility in the shipping cycle when our vessels come off of charter. We also continually monitor developments in the Container and Tanker shipping industry and, subject to market demand, will adjust the number of vessels on charters and the charter periods for our vessels according to market conditions.

Revenue and profit, by fiscal year.

Fiscal year20212022202320242025
Revenue—$24.5M$16.5M$15.6M$13.2M
Net income—$14.0M$7.7M$3.8M$14.8M
Free cash flow—$13.9M$8.7M$4.8M-$28.0M

More on EHLD.

Figures from Euroholdings Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.