Loading institutional data...
Loading institutional data...
Insufficient data to determine institutional momentum.
Data as of Q2 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading analysis...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $1.2M dividends + $0 buybacks = $1.2M returned on -$28.0M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 4 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 37%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 4 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
EOD close · as of 2026-10-09
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $13.2M 100.0% | $15.6M 100.0% | $16.5M 100.0% | $24.5M 100.0% |
| Selling, General & Admin | $1.5M 11.3% | $817K 5.2% | $780K 4.7% | $798K 3.3% |
| Total Operating Expenses | -$1.5M -11.1% | $11.8M 75.5% | $8.5M 51.7% | $10.2M 41.8% |
| Operating Income | $14.7M 111.1% | $3.8M 24.5% | $8.0M 48.3% | $14.3M 58.2% |
| Other Income (Expense), net | $65K 0.5% | -$57K -0.4% | -$228K -1.4% | -$226K -0.9% |
| Net Income | $14.8M 111.6% | $3.8M 24.1% | $7.7M 46.9% | $14.0M 57.3% |
| Per Share | ||||
| EPS (Diluted) | $5.27 | $1.36 | $2.78 | — |
| Weighted Avg Shares (Diluted) | 2.8M | 2.8M | 2.8M | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2023, FY2024). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $12.22 today, the market must believe free cash flow compounds -12.7%/yr for a decade (off $6.7M on the 3-yr avg basis).
On the basis ($6.7M) the requirement is -12.7%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
Default is 6.4% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.00B shares (market data) · net debt $16.5M
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean -257.5% · volatility σ 374% · implied rate exceeded in 0/3 yrs
Central path = implied -12.7%/yr growth; shaded band = ±1σ (374%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $3.3M covers the $1.5M due within a year 2.2× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (20-F).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash of $3.3M fully covers short-term debt of $1.5M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Top 10 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-10-09
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 73% against ROIC 37% — 36% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 112.1% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| SG&A | 3.3 | 4.7 | 5.2 | 11.3 |
| Operating Income | 58.2 | 48.3 | 24.5 | 111.1 |
| Net Income | 57.3 | 46.9 | 24.1 | 111.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on EHLD: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Ranked against 20 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBLK | $3.4B | 40.7× | 9.7× | 3.3× | -17.6% | — | 8.1% | 3.4% | 3.4% | -1.6× | 201 |
| DAC | $3.1B | 6.3× | 4.8× | 3.0× | 2.8% | — | 47.4% | 13.0% | 10.0% | 0.2× | 142 |
| LPG | $2.5B | 12.7× | 9.6× | 5.1× | 36.3% | — | 40.2% | 17.0% | 11.4% | 0.8× | 273 |
| SFL | $1.8B | — | 11.5× | 2.5× | -18.9% | — | -3.6% | -2.8% | -0.7% | 6.5× | 220 |
| CMRE | $1.8B | — | 4.8× | 2.1× | -1.2% | — | 41.5% | 17.5% | 10.1% | 1.7× | — |
| GSL | $1.6B | — | 3.6× | 2.1× | 7.8% | — | 54.3% | 23.1% | 16.7% | 0.8× | — |
| TEN | $1.5B | 11.6× | 7.6× | 1.9× | -0.7% | — | 20.1% | 8.8% | 4.5% | 3.7× | — |
| NVGS | $1.5B | 16.3× | — | 2.5× | 3.6% | — | 17.1% | 8.2% | 7.2% | — | 173 |
| TK | $1.3B | 13.5× | 1.0× | 1.4× | -22.2% | 66.6% | 10.3% | 4.5% | 4.5% | -2.4× | 174 |
| GNK | $1.2B | — | 15.4× | 3.4× | -19.1% | — | -1.3% | -0.5% | -0.4% | 1.6× | 164 |
| HSHP | $845M | 47.2× | 15.4× | 6.4× | 6.7% | 78.8% | 13.4% | 10.9% | 2.1% | 6.7× | 111 |
| ASC | $788M | 21.9× | — | 2.5× | -23.6% | — | 13.2% | 6.5% | 5.4% | — | 187 |
| PANL | $545M | 27.7× | 6.5× | 0.9× | 17.8% | — | 3.1% | 4.5% | 3.7% | -0.1× | 161 |
| ESEA | $503M | 3.6× | 3.0× | 2.2× | 7.0% | — | 60.1% | 29.6% | 20.1% | 0.2× | 59 |
| SHIP | $371M | 16.9× | — | 2.3× | -5.6% | — | 13.4% | 7.5% | 3.7% | — | — |
| DSX | $351M | 25.6× | 9.3× | 1.6× | -6.4% | — | 8.3% | 3.5% | 1.7% | 5.3× | — |
| GASS | $341M | 5.5× | 3.0× | 2.0× | 3.5% | — | 35.0% | 8.8% | 8.8% | -1.2× | 68 |
| IMPP | $245M | 4.2× | 3.6× | 1.5× | 9.2% | — | 31.0% | 9.4% | 9.4% | -0.1× | — |
| SMHI | $233M | — | 8.2× | 1.0× | -16.0% | 20.2% | -12.2% | -10.5% | -4.6% | 4.4× | 96 |
| TORO | $152M | 55.1× | — | 7.2× | -5.9% | — | 28.1% | 3.6% | 3.6% | — | — |
| EHLD | $34M | 2.3× | 3.4× | 2.6× | -15.4% | — | — | 73.4% | 36.9% | 1.1× | 10 |
Peers = companies sharing EHLD's sector (Deep Sea Foreign Transportation of Freight) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2022 | not reported | 58.2% | 57.3% |
| FY2023 | not reported | 48.3% | 46.9% |
| FY2024 | not reported | 24.5% | 24.1% |
| FY2025 | not reported | 111.1% | 111.6% |
Leverage and buybacks account for 36 points of the 73% return on equity in FY2025. The business earns 37% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: tax_rate.
Cash conversion of 0.37x sits below the level that would make the earnings clearly cash-backed.
Reported free cash flow is -$28M; after share-based compensation it is -$28M. The difference is a real cost that the cash flow statement adds back.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Ladder as of 2025-12-31 (20-F); cash from the 2025-12-31 balance sheet; FCF from FY2025. Free cash flow is negative, so projected resources fall rather than accumulate.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: interest_expense.
At $12.22, free cash flow must compound -12.72%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2023 | −37.0% | −12.7% |
| FY2024 | −45.6% | −12.7% |
| FY2025 | −689.9% | −12.7% |
The implied rate of -12.72% has not been achieved in any of the last 3 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $15M | $15M |
| Share-based comp | $286,080 | $15M |
| Other non-cash & working capital | −$11M | $4M |
| Operating cash flow | $4M | $4M |
| Capex | −$32M | −$28M |
| Free cash flow | −$28M | −$28M |
| FCF after SBC | −$28M | −$28M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2023 | -32.6% | not reported | not reported |
| FY2024 | -5.2% | -14.9% | -9.7 points |
| FY2025 | -15.4% | 313.1% | 328.6 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2022 | not reported | not reported | not reported | not reported |
| FY2023 | 11.5 days | not reported | not reported | not reported |
| FY2024 | 10.3 days | not reported | not reported | not reported |
| FY2025 | 50.5 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2022 | not reported |
| FY2023 | -19.0 percent |
| FY2024 | -13.8 percent |
| FY2025 | 25.3 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.