Euroseas
ESEA on Nasdaq. Deep sea foreign transportation of freight. Market value $511m.
This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
Nothing stood out in the numbers we check.
This is not advice. Check the numbers below.
We could not compute this from the filings.
You pay 3.7 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 23 cents a year. Above 10 is good.
Quality score: 90 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.
$73.05 a share, 43% above its 1-year low
Over the past year the price has ranged from $51.00 to $79.67.
Dividend: 3.7% a year
Paid every year for 4 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $94m | $183m | $189m | $213m | $228m |
| Operating margin | |||||
| Operating margin | 48.7% | 58.4% | 63.1% | 56.4% | 65.6% |
| Debt to equity | |||||
| Debt to equity | 1.54 | 0.64 | 0.49 | 0.57 | 0.47 |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn | 0.01bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt0.47× equity
- Revenue growth, five yearsStrong, 33.7% a year
- Buying back its own sharesYes, 3% fewer since 2021
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 29 April 2026
- Next quarterly (estimated, 10-Q)
- n/a
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 58 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Boston PartnersBoston Partners team | $2m | <0.1% | Added |
Largest holders overall
- Acadian Asset Management$5m
- TWO Sigma Investments, LP$4mCut
- Renaissance Technologies$4mCut
- Morgan Stanley$2mCut
- Inspire Investing$2mAdded
- Goldman Sachs Group$2mCut
- Boston Partners$2mAdded
- D. E. Shaw$2mCut
- Qube Research & Technologies$1mAdded
- Jane Street Group$1mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
No one has reported a stake above 5% since December 2024.
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $90,488 of shares on the open market. 2 sold $93,050.
- Pariaros SymeonChief Administrative OfficerSold
- Date
- 1 September 2026
- Shares
- 950
- Price
- $79.00
- Value
- $75,050
- Pittas Aristeidis PDirectorBought
- Date
- 27 August 2026
- Shares
- 750
- Price
- $75.86
- Value
- $56,898
- Pittas Aristeidis PDirectorBought
- Date
- 11 June 2026
- Shares
- 500
- Price
- $67.18
- Value
- $33,590
- Karmiri StefaniaCorporate SecretarySold
- Date
- 16 April 2026
- Shares
- 250
- Price
- $72.00
- Value
- $18,000
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 September 2026 | Pariaros Symeon Chief Administrative Officer | Sold | 950 | $79.00 | $75,050 |
| 27 August 2026 | Pittas Aristeidis P Director | Bought | 750 | $75.86 | $56,898 |
| 11 June 2026 | Pittas Aristeidis P Director | Bought | 500 | $67.18 | $33,590 |
| 16 April 2026 | Karmiri Stefania Corporate Secretary | Sold | 250 | $72.00 | $18,000 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
Euroseas doesn’t file a US annual report (10-K), so we haven’t checked it.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.