Euroseas Ltd. (2LE1)
XDUS 
Summary
2LE1 Chart
Euroseas: Gap Between Contract Earnings And Spot Valuation
Euroseas is a US-listed pureplay feeder containership operator with multi-year, high-TCE contracts, generating strong, stable earnings and cash flow visibility. ESEA trades at deeply discounted multiples—3.4x P/E and 3.6x EV/EBITDA—despite sector-leading 54% net margins and robust charter coverage into 2029. The market misclassifies ESEA as a spot operator, in my opinion, overlooking its structural supply inelasticity, high-credit counterparties, and predictable regional demand.
Euroseas: Wider NAV Discount, Longer Visibility, And A Strengthened Bull Case
Euroseas maintains robust operations, with shares now trading at a 35% discount to NAV, enhancing upside and safety margin. ESEA has extended charter coverage into 2027–2028 at attractive rates, securing future profitability and reducing execution risk on newbuilds. All four newbuilds are fixed on long-term charters at $35.5K/day, locking in strong cash flows well ahead of delivery.
Euroseas Ltd. (ESEA) Lags Q3 Earnings and Revenue Estimates
Euroseas Ltd. (ESEA) came out with quarterly earnings of $4.23 per share, missing the Zacks Consensus Estimate of $4.4 per share.
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Euroseas Ltd. Profile
| Marine Transportation Industry | Industrials Sector | Aristides J. Pittas CEO | XDUS Exchange | MHY235921357 ISIN |
| GR Country | 365 Employees | 9 Dec 2025 Last Dividend | 19 Dec 2019 Last Split | 5 May 2006 IPO Date |
Overview
Euroseas Ltd. is a prominent provider of ocean-going transportation services with global operations. Incorporated in 2005 and headquartered in Marousi, Greece, Euroseas Ltd. plays a vital role in facilitating international trade and logistics through its dedicated fleet of containerships. As of May 02, 2023, the company's operational fleet comprises 18 vessels, including 11 feeder and 7 intermediate containerships. With a collective cargo capacity of approximately 56,061 twenty-foot equivalent units, Euroseas Ltd. is equipped to handle a wide range of containerized cargoes, making it an integral player in the ocean freight industry.
Products and Services
Ocean-going Transportation Services: Euroseas Ltd. specializes in providing maritime transportation services across the globe. Leveraging its fleet of 18 containerships, the company ensures the efficient and safe conveyance of goods between ports worldwide, underpinning the global trade system.
Containership Operations: The company owns and operates a diverse fleet of containerships, comprising both feeder and intermediate vessels. These ships are designed to transport dry and refrigerated containerized cargoes, accommodating a variety of goods ranging from manufactured products to perishables. This versatility makes Euroseas Ltd. a flexible and reliable option for cargo transportation needs.
