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Euroseas (ESEA) USD

At a glance: strengths & risks
✓Revenue growing (+7%)✓Profit growing (+21%)✓Margins improving (69%→78%)✓Low leverage (0.2x EBITDA)✗Pricier than own history (EV/EBITDA 3.3 vs avg 2.1)

Sector: Marine shipping

Geography: Global shipping

COMM_ESEA

Price chart

73.8 USDDay 0.29%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
73.8 USD · 0.29%
Market cap
512 mln USD

Growth

Δ revenue y/y
-0.9%
Δ EBITDA y/y
-15.8%

Multiples

P/E (LTM)
3.9x
3y avg: 2.0x
P/B (FY)
1.1x
P/E (ann.)
3.9x
EV/EBITDA (LTM)
3.3x
3y avg: 2.1x
EV/EBITDA (ann.)
3.5x

Cash return

Dividend yield
4.0%
FCF yield (LTM)
22.9%

Value creation

to target market cap (spot commodity model)
Upside (potential)
+56.4%
↓ details

Liquidity

Daily turnover (listing)
5.3 mln USD

Shares: yahoo_fundamentals_timeseries/ESEA

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK55.8
y/y -0.9%
34.2
y/y -15.5%
6.7
y/y -17.0%
40.9
y/y -15.8%
32.5
y/y -11.9%
38.4-9.8722.7
y/y 11.4%
490.7
y/y 30.1%
27.3%57.1Link
2025-12-31Q4 2025 (3M)OK57.4
y/y 7.7%
43.1
y/y 62.0%
6.8
y/y -8.8%
49.9
y/y 46.5%
40.5
y/y 66.0%
38.4-0.3700.5
y/y 18.5%
463.4
y/y 27.7%
30.7%40.4Link
2025-09-30Q3 2025 (3M)OK56.9
y/y 5.1%
32.5
y/y 6.0%
6.5
y/y -2.2%
39.0
y/y 4.6%
29.7
y/y 7.5%
34.2-19.7674.8
y/y 16.2%
428.1
y/y 24.7%
9.5%116.0Link
2025-06-30Q2 2025 (3M)OK57.2
y/y -2.5%
33.4
y/y -21.2%
7.3
y/y 6.4%
40.6
y/y -17.3%
29.9
y/y -26.7%
27.2-0.4662.1
y/y 20.9%
403.0
y/y 26.1%
30.6%126.9Link
2025-03-31Q1 2025 (3M)OK56.3
y/y 20.6%
40.5
y/y 98.5%
8.0
y/y 47.9%
48.5
y/y 87.9%
36.9
y/y 84.6%
41.2-56.7648.8
y/y 39.2%
377.3
y/y 33.4%
39.9%153.5Link
2024-12-31Q4 2024 (3M)OK53.3
y/y 8.7%
26.6
y/y -3.8%
7.4
y/y 23.7%
34.1
y/y 1.1%
24.4
y/y 906.7%
35.3-20.8591.2
y/y 39.2%
362.9
y/y 36.2%
31.9%131.7Link
2024-09-30Q3 2024 (3M)OK54.1
y/y 6.9%
30.7
y/y -7.8%
6.7
y/y 12.3%
37.3
y/y -4.7%
27.6
y/y -14.2%
33.5-33.1580.9
y/y 42.0%
343.4
y/y 40.1%
11.1%140.7Link
2024-06-30Q2 2024 (3M)OK58.7
y/y 23.1%
42.3
y/y 46.9%
6.8
y/y 21.5%
49.2
y/y 42.8%
40.7
y/y 41.1%
34.2-77.8547.5
y/y 38.9%
319.6
y/y 47.2%
54.1%136.4Link
2024-03-31Q1 2024 (3M)OK46.7
y/y 11.4%
20.4
y/y -31.3%
5.4
y/y 1463.5%
25.8
y/y -14.0%
20.0
y/y -60.8%
25.2-47.2465.9
y/y 29.1%
282.7
y/y 47.4%
29.1%97.7Link
2023-12-31Q4 2023 (3M)OK49.1
y/y —
27.7
y/y —
6.0
y/y —
33.7
y/y —
2.4
y/y —
39.1-18.2424.7
y/y —
266.6
y/y —
44.8%71.4Link
2023-09-30Q3 2023 (3M)OK50.7
y/y —
33.2
y/y —
6.0
y/y —
39.2
y/y —
32.2
y/y —
31.1-15.8408.9
y/y —
245.1
y/y —
18.6%88.9Link
2023-06-30Q2 2023 (3M)OK47.7
y/y —
28.8
y/y —
5.6
y/y —
34.4
y/y —
28.9
y/y —
35.0-38.5394.1
y/y —
217.2
y/y —
56.5%100.0Link
2023-03-31Q1 2023 (3M)OK41.9
y/y —
29.7
y/y —
0.3
y/y —
30.0
y/y —
51.0
y/y —
24.8-39.8361.1
y/y —
191.8
y/y —
—90.3Link

Net debt structure (leases included, IFRS 16) 2026-03-31

Short-term debt (incl. ST leases)18
Long-term debt (incl. LT leases)193
− Cash & equivalents154
Net debt57

Net debt / LTM EBITDA: 0.4x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02040602023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-50%0%50%100%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-50-2502550752023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

0501001502023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Profit and cash

Profit is cash-backed
In a typical year of 2021–2025 operating cash flow came to 1.14x of reported net profit; after capex, 0.15x.
year20212022202320242025
cash flow / profit1.23x1.07x1.14x1.14x1.03x
accruals, % of assets-4.4%-2.4%-3.6%-2.6%-0.6%
Last twelve months (to 2025-Q2): 1.04x of profit came back as operating cash flow.
net debt / EBITDA 0.2x · EBIT covers interest 10.3x · capex 5.2x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Key-commodity price — Freightos Baltic Index

Current 3 690spot vs LTM +72%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +56.4% ▲ +0.1 pp 1d

Main driver: Freightos Baltic Index +66% vs LTM; revenue ×1.66 vs costs ×1.15; EBITDA 173→279; at 3.0× EV/EBITDA → +56%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Freightos Baltic Index (rev)+100%3 689.802 223.122 957.42+66%+33%
VLSFO Global 20 Ports (cost)-25%813.00547.34643.23+49%+18%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue227
LTM EBITDA173
LTM cash costs (revenue − EBITDA)55
2 · Revenue projection
Revenue multiplier — spot×1.660 (+66%)
= Spot revenue377
Revenue multiplier — 3y price×1.330 (+33%)
= 3-year-price revenue302
3 · Costs projection
Cost multiplier — spot×1.151 (+15%)
= Spot cash costs63
Cost multiplier — 3y price×1.074 (+7%)
= 3-year-price cash costs59
4 · EBITDA projection (revenue − costs)
= Spot EBITDA314
= 3-year-price EBITDA244
Conservative EBITDA = min(spot, avg)279
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)3.0x
Target EV = EV/EBITDA × conservative EBITDA834
Net debt57
Target market cap = EV − net debt818
Current market cap523

Upside = target market cap ÷ current − 1 = +56.4%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q24813+271.8%35-0—
2023 Q35120+152.4%397+466.3%
2023 Q44927+79.2%3415+131.3%
2024 Q14788-47.0%2675-65.5%
2024 Q25990-34.9%5075-33.6%
2024 Q354112-51.5%3897-61.4%
2024 Q45360-11.3%3445-23.7%
2025 Q15646+22.8%4929+66.3%
2025 Q25735+62.2%4122+82.1%
2025 Q35734+68.3%3919+107.0%
2025 Q45738+51.3%5123+121.6%
2026 Q15647+19.2%4234+24.4%

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +7% vs +12% the year before — a -5.4 pp move. 3-year CAGR +8%.
revenue growth by year: 2023 +4% · 2024 +12% · 2025 +7%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 2.9x · target 75th pct (3y) 3.0x · LTM avg 3.0x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-06-090.8 USDEx-dividend: 0.8 USD per sharePaidYahoo Finance (ex-div)
2026-03-100.75 USDEx-dividend: 0.75 USD per sharePaidYahoo Finance (ex-div)
2025-12-090.7 USDEx-dividend: 0.7 USD per sharePaidYahoo Finance (ex-div)
2025-09-090.7 USDEx-dividend: 0.7 USD per sharePaidYahoo Finance (ex-div)
2025-07-090.65 USDEx-dividend: 0.65 USD per sharePaidYahoo Finance (ex-div)
2025-03-110.5289 USDEx-dividend: 0.5289 USD per sharePaidYahoo Finance (ex-div)
2024-12-090.4882 USDEx-dividend: 0.4882 USD per sharePaidYahoo Finance (ex-div)
2024-09-090.4882 USDEx-dividend: 0.4882 USD per sharePaidYahoo Finance (ex-div)
2024-06-120.4882 USDEx-dividend: 0.4882 USD per sharePaidYahoo Finance (ex-div)
2024-03-070.4882 USDEx-dividend: 0.4882 USD per sharePaidYahoo Finance (ex-div)
2023-12-070.4068 USDEx-dividend: 0.4068 USD per sharePaidYahoo Finance (ex-div)
2023-09-070.4068 USDEx-dividend: 0.4068 USD per sharePaidYahoo Finance (ex-div)
2023-06-080.4068 USDEx-dividend: 0.4068 USD per sharePaidYahoo Finance (ex-div)
2023-03-080.4068 USDEx-dividend: 0.4068 USD per sharePaidYahoo Finance (ex-div)
2022-12-080.4068 USDEx-dividend: 0.4068 USD per sharePaidYahoo Finance (ex-div)
2022-09-080.4068 USDEx-dividend: 0.4068 USD per sharePaidYahoo Finance (ex-div)
2022-06-080.4068 USDEx-dividend: 0.4068 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Euroseas (ESEA) — from primary filings.

Euroseas Ltd. operates a fleet of containerships that transport dry and refrigerated containerized cargoes, such as manufactured products and perishables, primarily in Greece and internationally.

Frequently asked questions

What is Euroseas (ESEA)'s P/E ratio?
Euroseas (ESEA) trades at a P/E of 3.9x (price to trailing 12-month earnings).
What is Euroseas (ESEA)'s EV/EBITDA?
Euroseas (ESEA) trades at 3.3x EV/EBITDA.
What is Euroseas (ESEA)'s P/B ratio?
Euroseas (ESEA) trades at a P/B of 1.1x.
What is Euroseas (ESEA)'s dividend yield?
Euroseas (ESEA)'s trailing 12-month dividend yield is 4.0%.
What is Euroseas (ESEA)'s return on equity (ROE)?
Euroseas (ESEA)'s ROE is 27.3%.
What is Euroseas (ESEA)'s market capitalization?
Euroseas (ESEA)'s market cap is 512 mln USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map