Euroseas stock: fair value
ESEAThe fair value of Euroseas under our model is $92.24, the price is 27% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $65.88 and expensive above $153.73 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $28.21 (cash-flow model) and $156.27 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 10.3%. At 11.3% the fair value would be $90.44, at 9.3% it would be $94.69.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (8.1).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 10.3% (government bond yield 3.8% plus beta 0.92 times a risk premium of 7.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $28.21 per share: free cash flow for the next ten years, each year discounted to today at 10.3%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 10.3%) |
|---|---|---|---|---|
| 2026 | $16.55M | extrapolated at −9.9% | 0.9064 | $15M |
| 2027 | $15.59M | extrapolated at −5.8% | 0.8216 | $12.81M |
| 2028 | $15.14M | extrapolated at −2.9% | 0.7447 | $11.27M |
| 2029 | $15M | extrapolated at −0.9% | 0.6751 | $10.13M |
| 2030 | $15.08M | extrapolated at 0.5% | 0.6119 | $9.23M |
| 2031 | $15.31M | extrapolated at 1.5% | 0.5546 | $8.49M |
| 2032 | $15.65M | extrapolated at 2.2% | 0.5027 | $7.87M |
| 2033 | $16.07M | extrapolated at 2.7% | 0.4557 | $7.32M |
| 2034 | $16.56M | extrapolated at 3.0% | 0.4131 | $6.84M |
| 2035 | $17.1M | extrapolated at 3.3% | 0.3744 | $6.4M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $95.38M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (10.3% − 3.8%) | $273.51M |
| Present value of terminal value (× 0.3744) | $102.41M |
| Equity value (sum plus present value of terminal value) | $197.79M |
| Shares (diluted) | 7.01M |
| Value per share (equity value divided by shares) | $28.21 |
| Earnings per share, last twelve months | $19.39 |
| × 8.1 (industry P/E) | $156.27 |
| Fair value (average of both parts) | $92.24 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 13 Feb 2026)
- Valuation signal Fairly valued since 12 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.