Euroholdings Ltd.
EHLDdata completeness 100%4 fiscal years on fileData notes: no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'
Euroholdings Ltd. earns about 123% on equity, far above its ~9% cost of capital, with a roughly flat share count — a real edge showing up in the numbers. The estimate methods put fair value between $16.53 and $40.27 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenue | $24.5M1 | $16.5M2 | $15.6M2 | $13.2M2 |
| Net income | $14M3 | $7.73M4 | $3.77M4 | $14.8M4 |
| Operating cash flow | $14.1M5 | $9.3M6 | $4.96M6 | $3.94M6 |
| Capital expenditure | $201,3817 | $556,7228 | $208,1348 | $32M8 |
| Free cash flow (derived) | $13.9M5 | $8.74M6 | $4.75M6 | −$28M6 |
| Total debt | — | $1.89M9 | $010 | $19.9M10 |
| Cash & equivalents | $827,20811 | $493,38711 | $129,54112 | $3.34M12 |
| Diluted shares | — | 2.8M | 2.8M | 2.8M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $71.8 of net worth that earned you $52.71 and generated −$100.15 of cash last year, against $70.95 of debt.
It earned about 123% on equity, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is roughly flat over 4 years — little dilution, little buyback. Total debt has risen 950% over the same window.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $16.53 and $40.27 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth0.0%
- fcfBase$4.75M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$4.75M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$10.9M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $18.36 |
| Base | 0.0% | $18.36 |
| Bull | 5.0% | $24.23 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 20-F/A · period ending 2022-12-31 · accession 0001477932-25-004234 (Revenues)
- 20-F · period ending 2023-12-31 · accession 0001477932-26-002657 (Revenues)
- 20-F/A · period ending 2022-12-31 · accession 0001477932-25-004234 (NetIncomeLoss)
- 20-F · period ending 2023-12-31 · accession 0001477932-26-002657 (NetIncomeLoss)
- 20-F/A · period ending 2022-12-31 · accession 0001477932-25-004234 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0001477932-26-002657 (NetCashProvidedByUsedInOperatingActivities)
- 20-F/A · period ending 2022-12-31 · accession 0001477932-25-004234 (PaymentsForCapitalImprovements)
- 20-F · period ending 2023-12-31 · accession 0001477932-26-002657 (PaymentsForCapitalImprovements)
- 20-F/A · period ending 2023-12-31 · accession 0001477932-25-004234 (LongTermDebtNoncurrent)
- 20-F · period ending 2024-12-31 · accession 0001477932-26-002657 (LongTermDebtNoncurrent)
- 20-F · period ending 2022-12-31 · accession 0001477932-26-002657 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 20-F · period ending 2024-12-31 · accession 0001477932-26-002657 (CashAndCashEquivalentsAtCarryingValue)