Χρηματοοικονομική ανάλυση ελληνικών εισηγμένων εταιρειών που δραστηριοποιούνται στη αγορά ξηρού φορτίου
KeywordsΝαυτιλιακές εταιρείες ; Εταιρείες εισηγμένων επιχειρήσεων ; Χρηματοοικονομικοί δείκτες ; Ξηρό φορτίο
In this master thesis, follows a financial analysis of the Greek listed companies, who trade in dry cargo market. To be more specific we will analyze only the shipping companies owned by Greek ship owners but not companies that present in Greece as management shipping companies. Whole analysis relies on convention of balance sheet, income statement and cash flow in order to come up with specific financial ratios. In this way we will study the profitability, solvency and liquidity of the cash flows and the capital of each shipping company. This thesis follows the last shipping cycle for dry cargo market, where starts from 2004 till nowadays. Furthermore, we separate the shipping cycle into four phases (through, recovery, peak, and collapse). In particular we separate these phases as follows: 2004-2006 through phase, 2006-2007 recovery phase, 2007-2008 peak phase and 2009-2016 collapse. In this way we will come to a conclusion about the way that the shipping companies, which we analyze, react to crises and the degree to which they were affected. Always compared with stock price of each company.