Head to Head Comparison: EuroDry (NASDAQ:EDRY) vs. Martin Midstream Partners (NASDAQ:MMLP)

Martin Midstream Partners (NASDAQ:MMLP) and EuroDry (NASDAQ:EDRY) are both small-cap transportation companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, analyst recommendations, risk, earnings, valuation, institutional ownership and dividends.

Analyst Recommendations

This is a summary of current recommendations and price targets for Martin Midstream Partners and EuroDry, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Martin Midstream Partners	1	1	0	0	1.50
EuroDry	1	0	1	1	2.67

Martin Midstream Partners currently has a consensus price target of $3.00, indicating a potential upside of 5.63%. EuroDry has a consensus price target of $23.50, indicating a potential upside of 17.56%. Given EuroDry’s stronger consensus rating and higher possible upside, analysts clearly believe EuroDry is more favorable than Martin Midstream Partners.

Insider and Institutional Ownership

34.9% of Martin Midstream Partners shares are owned by institutional investors. Comparatively, 2.4% of EuroDry shares are owned by institutional investors. 17.0% of Martin Midstream Partners shares are owned by insiders. Comparatively, 51.4% of EuroDry shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Risk & Volatility

Martin Midstream Partners has a beta of 0.57, suggesting that its share price is 43% less volatile than the S&P 500. Comparatively, EuroDry has a beta of 0.89, suggesting that its share price is 11% less volatile than the S&P 500.

Earnings & Valuation

This table compares Martin Midstream Partners and EuroDry”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Martin Midstream Partners	$716.11 million	0.15	-$14.74 million	($0.37)	-7.68
EuroDry	$52.26 million	1.11	-$4.26 million	($1.57)	-12.73

EuroDry has lower revenue, but higher earnings than Martin Midstream Partners. EuroDry is trading at a lower price-to-earnings ratio than Martin Midstream Partners, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Martin Midstream Partners and EuroDry’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Martin Midstream Partners	-2.06%	N/A	-2.67%
EuroDry	-8.16%	-6.83%	-3.31%

Summary

EuroDry beats Martin Midstream Partners on 8 of the 15 factors compared between the two stocks.

About Martin Midstream Partners

Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products. The company's Terminalling and Storage segment owns or operates various marine shore-based terminal facilities and specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products. This segment also offers land rental services to oil and gas companies, as well as storage and handling services for lubricants and fuels. Its Transportation segment operates various trucks and tank trailers; and inland marine tank barges, inland push boats, and articulated offshore tug and barge unit to transport petroleum products and by-products, petrochemicals, and chemicals. The company's Sulfur Services segment processes molten sulfur into prilled or pelletized sulfur, which is used in the production of fertilizers and industrial chemicals. Its Specialty Products segment stores, distributes, and transports natural gas liquids for wholesale deliveries to refineries, industrial natural gas liquid users, and propane retailers. Martin Midstream GP LLC serves as a general partner of the company. Martin Midstream Partners L.P. was incorporated in 2002 and is based in Kilgore, Texas.

About EuroDry

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.