Euroholdings Ltd.
EHLD · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Grade
C60Tiny Marshall Islands shipowner whose headline returns are inflated by a one-off vessel-sale gain rather than recurring earnings.
Strengths
- Reported ROE 73% and ROA 35% (100th pct) and net income up ~3x on the books
- Low debt/equity context and a modest dividend being paid
Risks
- Margins >100% are a one-time gain-on-sale artifact, not sustainable operating returns
- Aging 3-vessel fleet (avg ~22 years), cash only $3.3M (5th pct), revenue -15%
- Heavy reliance on related-party managers and recent change of control
Notable findings
- Revenue declineRevenue -15.4% YoY
- China exposure· Inherent operational risks, weather damage, inspection procedures, and import and export controls of the tanker and containership industries; · Reliance on information systems and potential s
Key metrics
Operating margin
111.1%
Net margin
111.6%
Return on equity
73.4%
Return on assets
34.5%
ROIC
30.2%
Revenue growth (QoQ)
-15.4%
Net-income growth
291.1%
Debt / equity
0.9×
Net debt / EBITDA
1.0×
Current ratio
1.7×
EBITDA
$15M
Tangible book value
$20M
Cash & investments
$3M
Stock comp / revenue
2.2%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001477932-26-002657 ↗ |
| 20-F | 2025-05-15 | 2024-12-31 | 0000919574-25-003266 ↗ |