View ValuationCostamare 将来の成長Future 基準チェック /06Costamareの収益と利益はそれぞれ年間2.7%と7.8%減少すると予測されていますが、EPS は年間10.4% 減少すると予測されています。主要情報-7.8%収益成長率-10.40%EPS成長率Shipping 収益成長7.2%収益成長率-2.7%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日05 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • May 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 39% Last year net profit margin: 62% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (39% net profit margin).Reported Earnings • May 21First quarter 2026 earnings released: EPS: US$0.62 (vs US$0.79 in 1Q 2025)First quarter 2026 results: EPS: US$0.62 (down from US$0.79 in 1Q 2025). Revenue: US$211.1m (down 53% from 1Q 2025). Net income: US$75.3m (down 21% from 1Q 2025). Profit margin: 36% (up from 21% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Stratos was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • May 01Costamare Inc. Recommends Approval of Dividend Increase, Beginning with the Second Quarter of 2026Costamare Inc. announced that the Company will recommend to the Board of Directors the approval of a dividend increase, beginning with the second quarter of 2026, increasing the quarterly dividend from $0.115 to $0.125 per common share.お知らせ • Apr 27Costamare Inc. to Report Q1, 2026 Results on Apr 29, 2026Costamare Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026お知らせ • Apr 02Costamare Inc. Declares Dividend for the Quarter Ended March 31, 2026, Payable on May 5, 2026Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended March 31, 2026. The dividend for the common stock is payable on May 5, 2026, to holders of record of common stock as of April 20, 2026.お知らせ • Feb 16Costamare Inc. to Report Q4, 2025 Results on Feb 18, 2026Costamare Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 18, 2026お知らせ • Jan 02Costamare Inc. Declares Dividend for the Quarter Ended December 31, 2025, payable on February 5, 2026Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended December 31, 2025. The dividend for the common stock is payable on February 5, 2026, to holders of record of common stock as of January 20, 2026.お知らせ • Oct 31Costamare Inc. to Report Q3, 2025 Results on Nov 04, 2025Costamare Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 04, 2025お知らせ • Oct 17Costamare Inc. announced that it expects to receive $0.0012 million in fundingCostamare Inc. entered into a stock subscription agreement with new investor Konstantinos Konstantakopoulos for issuance of 1,200 shares of a new series of high-vote, non-economic series F preferred share at a price of $1 per share for gross proceeds of $1,200 on October 15, 2025.お知らせ • Oct 03Costamare Inc. Declares Quarterly Dividend, Payable on November 6, 2025Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended September 30, 2025. The dividend for the common stock is payable on November 6, 2025, to holders of record of common stock as of October 21, 2025.お知らせ • Jul 28Costamare Inc. to Report Q2, 2025 Results on Jul 31, 2025Costamare Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025お知らせ • Jul 12Costamare Inc., Annual General Meeting, Oct 02, 2025Costamare Inc., Annual General Meeting, Oct 02, 2025.お知らせ • Jul 02Costamare Inc. Declares Quarterly Dividend on Its Common Stock, Payable on August 6, 2025Costamare Inc. declared a quarterly dividend on its common stock of US $0.115 per share for the quarter ended June 30, 2025. The dividend for the common stock is payable on August 6, 2025, to holders of record of common stock as of July 21, 2025.お知らせ • Jun 30+ 5 more updatesCostamare Inc.(NYSE:CMRE) dropped from Russell 2000 Growth-Defensive IndexCostamare Inc.(NYSE:CMRE) dropped from Russell 2000 Growth-Defensive Indexお知らせ • May 07+ 1 more updateCostamare Inc. completed the Spin-Off of Costamare Bulkers Holdings Limited (NYSE:CMDB).Costamare Inc. agreed to Spin-Off Dry bulk business of Costamare Inc. on February 27, 2025. The spin-off is expected to be completed via a pro rata distribution of all shares of Costamare Bulkers Holdings Limited to Costamare Inc. shareholders, based on a distribution ratio set at the time of formal declaration. The deal is subject to approval from board of Costamare Inc and regulatory board. As on March 31, 2025, Costamare announced that the incoming management team of Costamare Bulkers Holdings will host a virtual Analyst and Investor Day on April 9, 2025. Costamare Inc. is targeting to complete the spin-off as soon as practicable this calendar year. As of April 17, 2025, Costamare announced that its Board of Directors has approved the spin-off of Costamare Bulkers. Costamare expects to complete the transaction, by way of a pro rata distribution to Costamare Inc. shareholders, on May 6, 2025. The record date is on April 29, 2025. Morgan Stanley & Co. LLC acted as financial advisor and Cravath, Swaine & Moore LLP acted as legal advisor to Costamare Inc. Costamare Inc. completed the Spin-Off of Costamare Bulkers Holdings Limited (NYSE:CMDB) on May 7, 2025. Each holder of Costamare Inc. common shares received one common share of Costamare Bulkers Holdings Limited for every five Costamare Inc. common shares held as of the close of business on April 29, 2025.お知らせ • Apr 02Costamare Inc. Declares Dividend for the Quarter Ended March 31, 2025, Payable on May 6, 2025Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended March 31, 2025. The dividend for the common stock is payable on May 6, 2025, to holders of record of common stock as of April 17, 2025.お知らせ • Jan 31Costamare Inc. to Report Q4, 2024 Results on Feb 05, 2025Costamare Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 05, 2025お知らせ • Jan 02Costamare Inc. Declares Quarterly Dividend for the Quarter Ended December 31, 2024, Payable on February 6, 2025Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended December 31, 2024. The dividend for the common stock is payable on February 6, 2025, to holders of record of common stock as of January 21, 2025.Reported Earnings • Nov 01Second quarter 2024 earnings released: EPS: US$0.77 (vs US$0.52 in 2Q 2023)Second quarter 2024 results: EPS: US$0.77 (up from US$0.52 in 2Q 2023). Revenue: US$515.4m (up 40% from 2Q 2023). Net income: US$91.3m (up 44% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year.New Risk • Nov 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).お知らせ • Oct 30Costamare Inc. to Report Q3, 2024 Results on Nov 01, 2024Costamare Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 01, 2024Upcoming Dividend • Oct 17Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 21 October 2024. Payment date: 06 November 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.0%).Declared Dividend • Oct 03Second quarter dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 21st October 2024 Payment date: 6th November 2024 Dividend yield will be 3.1%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 19% over the next 3 years. However, it would need to fall by 82% to increase the payout ratio to a potentially unsustainable range.お知らせ • Oct 01Costamare Inc. Declares Dividend for the Quarter Ended September 30, 2024, Payable on November 6, 2024Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended September 30, 2024. The dividend for the common stock is payable on November 6, 2024, to holders of record of common stock as of October 21, 2024.New Risk • Jul 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).お知らせ • Jul 26Costamare Inc. to Report Q2, 2024 Results on Jul 31, 2024Costamare Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024お知らせ • Jul 13Costamare Inc., Annual General Meeting, Oct 03, 2024Costamare Inc., Annual General Meeting, Oct 03, 2024.Buy Or Sell Opportunity • Jul 09Now 23% undervaluedOver the last 90 days, the stock has risen 38% to €14.31. The fair value is estimated to be €18.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to decline by 46% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.Declared Dividend • Jul 08First quarter dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 19th July 2024 Payment date: 6th August 2024 Dividend yield will be 2.8%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 2.8% over the next 3 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jul 01Costamare Inc. Declares Quarterly Dividend on Its Common Stock for the Quarter Ended June 30, 2024, Payable on August 6, 2024Costamare Inc. declared a quarterly dividend on its common stock of $0.115 per share for the quarter ended June 30, 2024. The dividend for the common stock is payable on August 6, 2024, to holders of record of common stock as of July 19, 2024.New Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (112% cash payout ratio). Profit margins are more than 30% lower than last year (18% net profit margin).Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.79 (vs US$1.16 in 1Q 2023)First quarter 2024 results: EPS: US$0.79 (down from US$1.16 in 1Q 2023). Revenue: US$475.4m (up 91% from 1Q 2023). Net income: US$94.2m (down 34% from 1Q 2023). Profit margin: 20% (down from 57% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.8%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • May 09Costamare Inc. to Report Q1, 2024 Results on May 10, 2024Costamare Inc. announced that they will report Q1, 2024 results Pre-Market on May 10, 2024Declared Dividend • Apr 04Fourth quarter dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 18th April 2024 Payment date: 6th May 2024 Dividend yield will be 4.2%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 55% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Apr 02Costamare Inc. Declares Quarterly Dividend for the Quarter Ended March 31, 2024, Payable on May 6, 2024Costamare Inc. also declared a quarterly dividend on its common stock of $0.115 per share for the quarter ended March 31, 2024. The dividend for the common stock is payable on May 6, 2024, to holders of record of common stock as of April 19, 2024.Reported Earnings • Mar 31Full year 2023 earnings released: EPS: US$2.95 (vs US$4.26 in FY 2022)Full year 2023 results: EPS: US$2.95 (down from US$4.26 in FY 2022). Revenue: US$1.51b (up 36% from FY 2022). Net income: US$354.7m (down 32% from FY 2022). Profit margin: 24% (down from 47% in FY 2022). Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 08Full year 2023 earnings released: EPS: US$2.95 (vs US$4.26 in FY 2022)Full year 2023 results: EPS: US$2.95 (down from US$4.26 in FY 2022). Revenue: US$1.51b (up 36% from FY 2022). Net income: US$354.7m (down 32% from FY 2022). Profit margin: 24% (down from 47% in FY 2022). Revenue is expected to fall by 5.5% p.a. on average during the next 2 years compared to a 1.4% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.New Risk • Feb 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.お知らせ • Feb 03Costamare Inc. to Report Q4, 2023 Results on Feb 07, 2024Costamare Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 07, 2024Upcoming Dividend • Jan 12Upcoming dividend of US$0.12 per share at 4.3% yieldEligible shareholders must have bought the stock before 19 January 2024. Payment date: 07 February 2024. Payout ratio is a comfortable 13% and the cash payout ratio is 79%. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (17%).お知らせ • Jan 02Costamare Inc. Declares Quarterly Dividend for the Quarter Ended December 31, 2023, Payable February 7, 2024Costamare Inc. has declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended December 31, 2023. The dividend for the common stock is payable on February 7, 2024, to holders of record of common stock as of January 22, 2024.Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: US$0.45 (vs US$0.89 in 3Q 2022)Third quarter 2023 results: EPS: US$0.45 (down from US$0.89 in 3Q 2022). Revenue: US$400.4m (up 38% from 3Q 2022). Net income: US$53.3m (down 51% from 3Q 2022). Profit margin: 13% (down from 37% in 3Q 2022). Revenue is expected to fall by 6.6% p.a. on average during the next 3 years compared to a 5.4% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.New Risk • Nov 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 20% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings are forecast to decline by an average of 20% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.お知らせ • Oct 28Costamare Inc. to Report Q3, 2023 Results on Nov 01, 2023Costamare Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023お知らせ • Oct 05Costamare Inc. Declares Dividend for the Quarter Ended September 30, 2023, Payable on November 6, 2023Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended September 30, 2023. The dividend for the common stock is payable on November 6, 2023, to holders of record of common stock as of October 20, 2023.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €10.26, the stock trades at a trailing P/E ratio of 2.8x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 208% over the past three years.New Risk • Aug 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: US$0.49 (vs US$0.92 in 2Q 2022)Second quarter 2023 results: EPS: US$0.49 (down from US$0.92 in 2Q 2022). Revenue: US$365.9m (up 26% from 2Q 2022). Net income: US$59.5m (down 48% from 2Q 2022). Profit margin: 16% (down from 39% in 2Q 2022). Revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 8.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 25Costamare Inc. to Report Q2, 2023 Results on Jul 28, 2023Costamare Inc. announced that they will report Q2, 2023 results on Jul 28, 2023お知らせ • Jul 13Costamare Inc., Annual General Meeting, Oct 03, 2023Costamare Inc., Annual General Meeting, Oct 03, 2023.Upcoming Dividend • Jul 12Upcoming dividend of US$0.12 per share at 4.5% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 07 August 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (17%).お知らせ • Jul 06+ 1 more updateCostamare Inc. Appoints Peter Lund as Chief Commercial OfficerCostamare Inc. has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare in October 2023. Mr. Lund is currently Vice President, Head of Chartering of A.P. Moller-Maersk in Copenhagen, and has worked for a total of 24 years in the A.P. Moller group of companies in different geographic locations.Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €8.45, the stock trades at a trailing P/E ratio of 2x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 118% over the past three years.Reported Earnings • May 16First quarter 2023 earnings released: EPS: US$1.16 (vs US$0.93 in 1Q 2022)First quarter 2023 results: EPS: US$1.16 (up from US$0.93 in 1Q 2022). Revenue: US$248.8m (down 7.2% from 1Q 2022). Net income: US$141.6m (up 23% from 1Q 2022). Profit margin: 57% (up from 43% in 1Q 2022). Revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.お知らせ • May 11Costamare Inc. to Report Q1, 2023 Results on May 15, 2023Costamare Inc. announced that they will report Q1, 2023 results Pre-Market on May 15, 2023Upcoming Dividend • Apr 11Upcoming dividend of US$0.12 per share at 4.9% yieldEligible shareholders must have bought the stock before 18 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (15%).Reported Earnings • Apr 08Full year 2022 earnings released: EPS: US$4.26 (vs US$3.28 in FY 2021)Full year 2022 results: EPS: US$4.26 (up from US$3.28 in FY 2021). Revenue: US$1.11b (up 40% from FY 2021). Net income: US$523.9m (up 30% from FY 2021). Profit margin: 47% (down from 51% in FY 2021). Revenue is expected to fall by 2.1% p.a. on average during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 09Full year 2022 earnings released: EPS: US$4.26 (vs US$3.28 in FY 2021)Full year 2022 results: EPS: US$4.26 (up from US$3.28 in FY 2021). Revenue: US$1.11b (up 40% from FY 2021). Net income: US$523.9m (up 30% from FY 2021). Profit margin: 47% (down from 51% in FY 2021). Revenue is expected to fall by 2.1% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 04Costamare Inc. to Report Q4, 2022 Results on Feb 08, 2023Costamare Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 08, 2023Upcoming Dividend • Jan 12Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 January 2023. Payment date: 07 February 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (12%).お知らせ • Jan 04Costamare Inc. Declares Quarterly Dividend for the Quarter Ended December 31, 2022, Payable on February 7, 2023Costamare Inc. has declared a quarterly dividend on its common stock of $0.115 per share for the quarter ended December 31, 2022. The dividend for the common stock is payable on February 7, 2023, to holders of record of common stock as of January 20, 2023.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: US$0.89 (vs US$0.87 in 3Q 2021)Third quarter 2022 results: EPS: US$0.89 (up from US$0.87 in 3Q 2021). Revenue: US$289.5m (up 34% from 3Q 2021). Net income: US$107.6m (flat on 3Q 2021). Profit margin: 37% (down from 50% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Stratos was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: US$0.89 (vs US$0.87 in 3Q 2021)Third quarter 2022 results: EPS: US$0.89 (up from US$0.87 in 3Q 2021). Revenue: US$289.5m (up 34% from 3Q 2021). Net income: US$107.6m (flat on 3Q 2021). Profit margin: 37% (down from 50% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 3.4% p.a. on average during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Oct 14Chairman & CEO recently bought €11m worth of stockOn the 12th of October, Konstantinos Konstantakopoulos bought around 1m shares on-market at roughly €9.86 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Konstantinos has been a buyer over the last 12 months, purchasing a net total of €15m worth in shares.Upcoming Dividend • Oct 12Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 October 2022. Payment date: 07 November 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (14%).Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: US$0.98 (vs US$0.67 in 2Q 2021)Second quarter 2022 results: EPS: US$0.98 (up from US$0.67 in 2Q 2021). Revenue: US$290.9m (up 74% from 2Q 2021). Net income: US$122.0m (up 47% from 2Q 2021). Profit margin: 42% (down from 50% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.6%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 13Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (11%).Reported Earnings • May 06First quarter 2022 earnings released: EPS: US$0.99 (vs US$0.49 in 1Q 2021)First quarter 2022 results: EPS: US$0.99 (up from US$0.49 in 1Q 2021). Revenue: US$268.0m (up 112% from 1Q 2021). Net income: US$123.0m (up 103% from 1Q 2021). Profit margin: 46% (down from 48% in 1Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Stratos was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Apr 11Upcoming dividend of US$0.61 per shareEligible shareholders must have bought the stock before 18 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (9.8%).Reported Earnings • Mar 11Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$3.28 (up from US$0.18 loss in FY 2020). Revenue: US$793.6m (up 72% from FY 2020). Net income: US$404.1m (up US$425.6m from FY 2020). Profit margin: 51% (up from net loss in FY 2020). Revenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 44%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jan 12Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 January 2022. Payment date: 07 February 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.6%).Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS US$0.87 (vs US$0.14 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$216.2m (up 100% from 3Q 2020). Net income: US$107.4m (up US$90.0m from 3Q 2020). Profit margin: 50% (up from 16% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Oct 12Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 October 2021. Payment date: 05 November 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.0%).Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to €12.79, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 178% over the past three years.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$0.67 (vs US$0.70 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$166.8m (up 49% from 2Q 2020). Net income: US$82.8m (up US$166.7m from 2Q 2020). Profit margin: 50% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 13Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 05 August 2021. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.8%).Reported Earnings • Jun 03First quarter 2021 earnings released: EPS US$0.49 (vs US$0.21 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$126.7m (up 4.4% from 1Q 2020). Net income: US$60.5m (up 136% from 1Q 2020). Profit margin: 48% (up from 21% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Upcoming Dividend • Apr 12Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 19 April 2021. Payment date: 06 May 2021. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.2%).Reported Earnings • Mar 03Full year 2020 earnings released: US$0.18 loss per share (vs US$0.58 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$460.3m (down 3.7% from FY 2019). Net loss: US$21.6m (down 132% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Mar 03Revenue misses expectationsRevenue missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 22%, compared to a 8.5% growth forecast for the Shipping industry in Germany.Is New 90 Day High Low • Feb 11New 90-day high: €7.65The company is up 46% from its price of €5.25 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.81 per share.Reported Earnings • Feb 03Full year 2020 earnings released: US$0.18 loss per share (vs US$0.58 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$460.3m (down 3.7% from FY 2019). Net loss: US$21.6m (down 132% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 03Revenue misses expectationsRevenue missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 18%, compared to a 6.4% growth forecast for the Shipping industry in Germany.Is New 90 Day High Low • Jan 06New 90-day high: €6.85The company is up 28% from its price of €5.35 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.28 per share.Is New 90 Day High Low • Dec 12New 90-day high: €6.25The company is up 44% from its price of €4.34 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.10 per share.Is New 90 Day High Low • Nov 25New 90-day high: €6.05The company is up 49% from its price of €4.06 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €38.81 per share.Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS US$0.14The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$107.9m (down 13% from 3Q 2019). Net income: US$17.4m (down 38% from 3Q 2019). Profit margin: 16% (down from 23% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 08Revenue misses expectationsRevenue missed analyst estimates by 9.8%. Over the next year, revenue is forecast to grow 15%, compared to a 2.9% growth forecast for the Shipping industry in Germany.Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 9.8% at US$103.9m. Revenue is forecast to grow 9.6% over the next year, compared to a 2.8% growth forecast for the Shipping industry in Germany.Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total losses of US$12.8m, with earnings decreasing by US$64.6m from the prior year. Total revenue was US$465.6m over the last 12 months, up 1.2% from the prior year.業績と収益の成長予測DB:LCM - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028793257390436112/31/2027826319153493212/31/202681932119548523/31/2026866340129514N/A12/31/2025878371242544N/A9/30/2025890391278555N/A6/30/2025891406345543N/A3/31/2025636394475543N/A12/31/2024888382430538N/A9/30/20241,159386404562N/A6/30/20241,334331226513N/A3/31/20241,738307120432N/A12/31/2023848493125331N/A9/30/20231,28244592303N/A6/30/20231,171499310370N/A3/31/20231,095550437465N/A12/31/20221,114524520582N/A9/30/20221,132491220623N/A6/30/20221,059490-88607N/A3/31/2022935459-349550N/A12/31/2021794404-526466N/A9/30/2021629270-297369N/A6/30/2021521180-103310N/A3/31/20214661356278N/A12/31/2020460-22172274N/A9/30/2020466-13161283N/A6/30/2020481-2192282N/A3/31/2020487103189270N/A12/31/201947868N/A250N/A9/30/201946052N/A209N/A6/30/201942730N/A181N/A3/31/201940115N/A147N/A12/31/201838037N/A141N/A9/30/201837522N/A152N/A6/30/201838535N/A160N/A3/31/201840046N/A181N/A12/31/201741252N/A192N/A9/30/201742238N/A202N/A6/30/201743935N/A205N/A3/31/201745349N/A222N/A12/31/201646861N/A221N/A9/30/2016480110N/A235N/A6/30/2016486124N/A244N/A3/31/2016490132N/A247N/A12/31/2015490126N/A245N/A9/30/2015489121N/A242N/A6/30/2015490125N/A249N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: LCMの収益は今後 3 年間で減少すると予測されています (年間-7.8% )。収益対市場: LCMの収益は今後 3 年間で減少すると予測されています (年間-7.8% )。高成長収益: LCMの収益は今後 3 年間で減少すると予測されています。収益対市場: LCMの収益は今後 3 年間で減少すると予想されています (年間-2.7% )。高い収益成長: LCMの収益は今後 3 年間で減少すると予測されています (年間-2.7% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: LCMの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 02:03終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Costamare Inc. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。11 アナリスト機関Garrett ChaseBarclaysDonald McLeeBerenbergKenneth HoexterBofA Global Research8 その他のアナリストを表示
New Risk • May 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 39% Last year net profit margin: 62% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (39% net profit margin).
Reported Earnings • May 21First quarter 2026 earnings released: EPS: US$0.62 (vs US$0.79 in 1Q 2025)First quarter 2026 results: EPS: US$0.62 (down from US$0.79 in 1Q 2025). Revenue: US$211.1m (down 53% from 1Q 2025). Net income: US$75.3m (down 21% from 1Q 2025). Profit margin: 36% (up from 21% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Stratos was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • May 01Costamare Inc. Recommends Approval of Dividend Increase, Beginning with the Second Quarter of 2026Costamare Inc. announced that the Company will recommend to the Board of Directors the approval of a dividend increase, beginning with the second quarter of 2026, increasing the quarterly dividend from $0.115 to $0.125 per common share.
お知らせ • Apr 27Costamare Inc. to Report Q1, 2026 Results on Apr 29, 2026Costamare Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026
お知らせ • Apr 02Costamare Inc. Declares Dividend for the Quarter Ended March 31, 2026, Payable on May 5, 2026Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended March 31, 2026. The dividend for the common stock is payable on May 5, 2026, to holders of record of common stock as of April 20, 2026.
お知らせ • Feb 16Costamare Inc. to Report Q4, 2025 Results on Feb 18, 2026Costamare Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 18, 2026
お知らせ • Jan 02Costamare Inc. Declares Dividend for the Quarter Ended December 31, 2025, payable on February 5, 2026Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended December 31, 2025. The dividend for the common stock is payable on February 5, 2026, to holders of record of common stock as of January 20, 2026.
お知らせ • Oct 31Costamare Inc. to Report Q3, 2025 Results on Nov 04, 2025Costamare Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 04, 2025
お知らせ • Oct 17Costamare Inc. announced that it expects to receive $0.0012 million in fundingCostamare Inc. entered into a stock subscription agreement with new investor Konstantinos Konstantakopoulos for issuance of 1,200 shares of a new series of high-vote, non-economic series F preferred share at a price of $1 per share for gross proceeds of $1,200 on October 15, 2025.
お知らせ • Oct 03Costamare Inc. Declares Quarterly Dividend, Payable on November 6, 2025Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended September 30, 2025. The dividend for the common stock is payable on November 6, 2025, to holders of record of common stock as of October 21, 2025.
お知らせ • Jul 28Costamare Inc. to Report Q2, 2025 Results on Jul 31, 2025Costamare Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025
お知らせ • Jul 12Costamare Inc., Annual General Meeting, Oct 02, 2025Costamare Inc., Annual General Meeting, Oct 02, 2025.
お知らせ • Jul 02Costamare Inc. Declares Quarterly Dividend on Its Common Stock, Payable on August 6, 2025Costamare Inc. declared a quarterly dividend on its common stock of US $0.115 per share for the quarter ended June 30, 2025. The dividend for the common stock is payable on August 6, 2025, to holders of record of common stock as of July 21, 2025.
お知らせ • Jun 30+ 5 more updatesCostamare Inc.(NYSE:CMRE) dropped from Russell 2000 Growth-Defensive IndexCostamare Inc.(NYSE:CMRE) dropped from Russell 2000 Growth-Defensive Index
お知らせ • May 07+ 1 more updateCostamare Inc. completed the Spin-Off of Costamare Bulkers Holdings Limited (NYSE:CMDB).Costamare Inc. agreed to Spin-Off Dry bulk business of Costamare Inc. on February 27, 2025. The spin-off is expected to be completed via a pro rata distribution of all shares of Costamare Bulkers Holdings Limited to Costamare Inc. shareholders, based on a distribution ratio set at the time of formal declaration. The deal is subject to approval from board of Costamare Inc and regulatory board. As on March 31, 2025, Costamare announced that the incoming management team of Costamare Bulkers Holdings will host a virtual Analyst and Investor Day on April 9, 2025. Costamare Inc. is targeting to complete the spin-off as soon as practicable this calendar year. As of April 17, 2025, Costamare announced that its Board of Directors has approved the spin-off of Costamare Bulkers. Costamare expects to complete the transaction, by way of a pro rata distribution to Costamare Inc. shareholders, on May 6, 2025. The record date is on April 29, 2025. Morgan Stanley & Co. LLC acted as financial advisor and Cravath, Swaine & Moore LLP acted as legal advisor to Costamare Inc. Costamare Inc. completed the Spin-Off of Costamare Bulkers Holdings Limited (NYSE:CMDB) on May 7, 2025. Each holder of Costamare Inc. common shares received one common share of Costamare Bulkers Holdings Limited for every five Costamare Inc. common shares held as of the close of business on April 29, 2025.
お知らせ • Apr 02Costamare Inc. Declares Dividend for the Quarter Ended March 31, 2025, Payable on May 6, 2025Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended March 31, 2025. The dividend for the common stock is payable on May 6, 2025, to holders of record of common stock as of April 17, 2025.
お知らせ • Jan 31Costamare Inc. to Report Q4, 2024 Results on Feb 05, 2025Costamare Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 05, 2025
お知らせ • Jan 02Costamare Inc. Declares Quarterly Dividend for the Quarter Ended December 31, 2024, Payable on February 6, 2025Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended December 31, 2024. The dividend for the common stock is payable on February 6, 2025, to holders of record of common stock as of January 21, 2025.
Reported Earnings • Nov 01Second quarter 2024 earnings released: EPS: US$0.77 (vs US$0.52 in 2Q 2023)Second quarter 2024 results: EPS: US$0.77 (up from US$0.52 in 2Q 2023). Revenue: US$515.4m (up 40% from 2Q 2023). Net income: US$91.3m (up 44% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year.
New Risk • Nov 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).
お知らせ • Oct 30Costamare Inc. to Report Q3, 2024 Results on Nov 01, 2024Costamare Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 01, 2024
Upcoming Dividend • Oct 17Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 21 October 2024. Payment date: 06 November 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.0%).
Declared Dividend • Oct 03Second quarter dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 21st October 2024 Payment date: 6th November 2024 Dividend yield will be 3.1%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 19% over the next 3 years. However, it would need to fall by 82% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Oct 01Costamare Inc. Declares Dividend for the Quarter Ended September 30, 2024, Payable on November 6, 2024Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended September 30, 2024. The dividend for the common stock is payable on November 6, 2024, to holders of record of common stock as of October 21, 2024.
New Risk • Jul 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).
お知らせ • Jul 26Costamare Inc. to Report Q2, 2024 Results on Jul 31, 2024Costamare Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024
お知らせ • Jul 13Costamare Inc., Annual General Meeting, Oct 03, 2024Costamare Inc., Annual General Meeting, Oct 03, 2024.
Buy Or Sell Opportunity • Jul 09Now 23% undervaluedOver the last 90 days, the stock has risen 38% to €14.31. The fair value is estimated to be €18.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to decline by 46% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
Declared Dividend • Jul 08First quarter dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 19th July 2024 Payment date: 6th August 2024 Dividend yield will be 2.8%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 2.8% over the next 3 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jul 01Costamare Inc. Declares Quarterly Dividend on Its Common Stock for the Quarter Ended June 30, 2024, Payable on August 6, 2024Costamare Inc. declared a quarterly dividend on its common stock of $0.115 per share for the quarter ended June 30, 2024. The dividend for the common stock is payable on August 6, 2024, to holders of record of common stock as of July 19, 2024.
New Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (112% cash payout ratio). Profit margins are more than 30% lower than last year (18% net profit margin).
Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.79 (vs US$1.16 in 1Q 2023)First quarter 2024 results: EPS: US$0.79 (down from US$1.16 in 1Q 2023). Revenue: US$475.4m (up 91% from 1Q 2023). Net income: US$94.2m (down 34% from 1Q 2023). Profit margin: 20% (down from 57% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.8%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • May 09Costamare Inc. to Report Q1, 2024 Results on May 10, 2024Costamare Inc. announced that they will report Q1, 2024 results Pre-Market on May 10, 2024
Declared Dividend • Apr 04Fourth quarter dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 18th April 2024 Payment date: 6th May 2024 Dividend yield will be 4.2%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 55% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 02Costamare Inc. Declares Quarterly Dividend for the Quarter Ended March 31, 2024, Payable on May 6, 2024Costamare Inc. also declared a quarterly dividend on its common stock of $0.115 per share for the quarter ended March 31, 2024. The dividend for the common stock is payable on May 6, 2024, to holders of record of common stock as of April 19, 2024.
Reported Earnings • Mar 31Full year 2023 earnings released: EPS: US$2.95 (vs US$4.26 in FY 2022)Full year 2023 results: EPS: US$2.95 (down from US$4.26 in FY 2022). Revenue: US$1.51b (up 36% from FY 2022). Net income: US$354.7m (down 32% from FY 2022). Profit margin: 24% (down from 47% in FY 2022). Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 08Full year 2023 earnings released: EPS: US$2.95 (vs US$4.26 in FY 2022)Full year 2023 results: EPS: US$2.95 (down from US$4.26 in FY 2022). Revenue: US$1.51b (up 36% from FY 2022). Net income: US$354.7m (down 32% from FY 2022). Profit margin: 24% (down from 47% in FY 2022). Revenue is expected to fall by 5.5% p.a. on average during the next 2 years compared to a 1.4% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
お知らせ • Feb 03Costamare Inc. to Report Q4, 2023 Results on Feb 07, 2024Costamare Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 07, 2024
Upcoming Dividend • Jan 12Upcoming dividend of US$0.12 per share at 4.3% yieldEligible shareholders must have bought the stock before 19 January 2024. Payment date: 07 February 2024. Payout ratio is a comfortable 13% and the cash payout ratio is 79%. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (17%).
お知らせ • Jan 02Costamare Inc. Declares Quarterly Dividend for the Quarter Ended December 31, 2023, Payable February 7, 2024Costamare Inc. has declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended December 31, 2023. The dividend for the common stock is payable on February 7, 2024, to holders of record of common stock as of January 22, 2024.
Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: US$0.45 (vs US$0.89 in 3Q 2022)Third quarter 2023 results: EPS: US$0.45 (down from US$0.89 in 3Q 2022). Revenue: US$400.4m (up 38% from 3Q 2022). Net income: US$53.3m (down 51% from 3Q 2022). Profit margin: 13% (down from 37% in 3Q 2022). Revenue is expected to fall by 6.6% p.a. on average during the next 3 years compared to a 5.4% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
New Risk • Nov 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 20% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings are forecast to decline by an average of 20% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
お知らせ • Oct 28Costamare Inc. to Report Q3, 2023 Results on Nov 01, 2023Costamare Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023
お知らせ • Oct 05Costamare Inc. Declares Dividend for the Quarter Ended September 30, 2023, Payable on November 6, 2023Costamare Inc. declared a quarterly dividend on its common stock of USD 0.115 per share for the quarter ended September 30, 2023. The dividend for the common stock is payable on November 6, 2023, to holders of record of common stock as of October 20, 2023.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €10.26, the stock trades at a trailing P/E ratio of 2.8x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 208% over the past three years.
New Risk • Aug 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: US$0.49 (vs US$0.92 in 2Q 2022)Second quarter 2023 results: EPS: US$0.49 (down from US$0.92 in 2Q 2022). Revenue: US$365.9m (up 26% from 2Q 2022). Net income: US$59.5m (down 48% from 2Q 2022). Profit margin: 16% (down from 39% in 2Q 2022). Revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 8.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 25Costamare Inc. to Report Q2, 2023 Results on Jul 28, 2023Costamare Inc. announced that they will report Q2, 2023 results on Jul 28, 2023
お知らせ • Jul 13Costamare Inc., Annual General Meeting, Oct 03, 2023Costamare Inc., Annual General Meeting, Oct 03, 2023.
Upcoming Dividend • Jul 12Upcoming dividend of US$0.12 per share at 4.5% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 07 August 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (17%).
お知らせ • Jul 06+ 1 more updateCostamare Inc. Appoints Peter Lund as Chief Commercial OfficerCostamare Inc. has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare in October 2023. Mr. Lund is currently Vice President, Head of Chartering of A.P. Moller-Maersk in Copenhagen, and has worked for a total of 24 years in the A.P. Moller group of companies in different geographic locations.
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €8.45, the stock trades at a trailing P/E ratio of 2x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 118% over the past three years.
Reported Earnings • May 16First quarter 2023 earnings released: EPS: US$1.16 (vs US$0.93 in 1Q 2022)First quarter 2023 results: EPS: US$1.16 (up from US$0.93 in 1Q 2022). Revenue: US$248.8m (down 7.2% from 1Q 2022). Net income: US$141.6m (up 23% from 1Q 2022). Profit margin: 57% (up from 43% in 1Q 2022). Revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
お知らせ • May 11Costamare Inc. to Report Q1, 2023 Results on May 15, 2023Costamare Inc. announced that they will report Q1, 2023 results Pre-Market on May 15, 2023
Upcoming Dividend • Apr 11Upcoming dividend of US$0.12 per share at 4.9% yieldEligible shareholders must have bought the stock before 18 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (15%).
Reported Earnings • Apr 08Full year 2022 earnings released: EPS: US$4.26 (vs US$3.28 in FY 2021)Full year 2022 results: EPS: US$4.26 (up from US$3.28 in FY 2021). Revenue: US$1.11b (up 40% from FY 2021). Net income: US$523.9m (up 30% from FY 2021). Profit margin: 47% (down from 51% in FY 2021). Revenue is expected to fall by 2.1% p.a. on average during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 09Full year 2022 earnings released: EPS: US$4.26 (vs US$3.28 in FY 2021)Full year 2022 results: EPS: US$4.26 (up from US$3.28 in FY 2021). Revenue: US$1.11b (up 40% from FY 2021). Net income: US$523.9m (up 30% from FY 2021). Profit margin: 47% (down from 51% in FY 2021). Revenue is expected to fall by 2.1% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 04Costamare Inc. to Report Q4, 2022 Results on Feb 08, 2023Costamare Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 08, 2023
Upcoming Dividend • Jan 12Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 January 2023. Payment date: 07 February 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (12%).
お知らせ • Jan 04Costamare Inc. Declares Quarterly Dividend for the Quarter Ended December 31, 2022, Payable on February 7, 2023Costamare Inc. has declared a quarterly dividend on its common stock of $0.115 per share for the quarter ended December 31, 2022. The dividend for the common stock is payable on February 7, 2023, to holders of record of common stock as of January 20, 2023.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: US$0.89 (vs US$0.87 in 3Q 2021)Third quarter 2022 results: EPS: US$0.89 (up from US$0.87 in 3Q 2021). Revenue: US$289.5m (up 34% from 3Q 2021). Net income: US$107.6m (flat on 3Q 2021). Profit margin: 37% (down from 50% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Stratos was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: US$0.89 (vs US$0.87 in 3Q 2021)Third quarter 2022 results: EPS: US$0.89 (up from US$0.87 in 3Q 2021). Revenue: US$289.5m (up 34% from 3Q 2021). Net income: US$107.6m (flat on 3Q 2021). Profit margin: 37% (down from 50% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 3.4% p.a. on average during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Oct 14Chairman & CEO recently bought €11m worth of stockOn the 12th of October, Konstantinos Konstantakopoulos bought around 1m shares on-market at roughly €9.86 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Konstantinos has been a buyer over the last 12 months, purchasing a net total of €15m worth in shares.
Upcoming Dividend • Oct 12Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 October 2022. Payment date: 07 November 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (14%).
Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: US$0.98 (vs US$0.67 in 2Q 2021)Second quarter 2022 results: EPS: US$0.98 (up from US$0.67 in 2Q 2021). Revenue: US$290.9m (up 74% from 2Q 2021). Net income: US$122.0m (up 47% from 2Q 2021). Profit margin: 42% (down from 50% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.6%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 13Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (11%).
Reported Earnings • May 06First quarter 2022 earnings released: EPS: US$0.99 (vs US$0.49 in 1Q 2021)First quarter 2022 results: EPS: US$0.99 (up from US$0.49 in 1Q 2021). Revenue: US$268.0m (up 112% from 1Q 2021). Net income: US$123.0m (up 103% from 1Q 2021). Profit margin: 46% (down from 48% in 1Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Stratos was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Apr 11Upcoming dividend of US$0.61 per shareEligible shareholders must have bought the stock before 18 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (9.8%).
Reported Earnings • Mar 11Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$3.28 (up from US$0.18 loss in FY 2020). Revenue: US$793.6m (up 72% from FY 2020). Net income: US$404.1m (up US$425.6m from FY 2020). Profit margin: 51% (up from net loss in FY 2020). Revenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 44%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jan 12Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 January 2022. Payment date: 07 February 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.6%).
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS US$0.87 (vs US$0.14 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$216.2m (up 100% from 3Q 2020). Net income: US$107.4m (up US$90.0m from 3Q 2020). Profit margin: 50% (up from 16% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Oct 12Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 October 2021. Payment date: 05 November 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.0%).
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to €12.79, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 178% over the past three years.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$0.67 (vs US$0.70 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$166.8m (up 49% from 2Q 2020). Net income: US$82.8m (up US$166.7m from 2Q 2020). Profit margin: 50% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 13Upcoming dividend of US$0.12 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 05 August 2021. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.8%).
Reported Earnings • Jun 03First quarter 2021 earnings released: EPS US$0.49 (vs US$0.21 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$126.7m (up 4.4% from 1Q 2020). Net income: US$60.5m (up 136% from 1Q 2020). Profit margin: 48% (up from 21% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Upcoming Dividend • Apr 12Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 19 April 2021. Payment date: 06 May 2021. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.2%).
Reported Earnings • Mar 03Full year 2020 earnings released: US$0.18 loss per share (vs US$0.58 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$460.3m (down 3.7% from FY 2019). Net loss: US$21.6m (down 132% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Mar 03Revenue misses expectationsRevenue missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 22%, compared to a 8.5% growth forecast for the Shipping industry in Germany.
Is New 90 Day High Low • Feb 11New 90-day high: €7.65The company is up 46% from its price of €5.25 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.81 per share.
Reported Earnings • Feb 03Full year 2020 earnings released: US$0.18 loss per share (vs US$0.58 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$460.3m (down 3.7% from FY 2019). Net loss: US$21.6m (down 132% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 03Revenue misses expectationsRevenue missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 18%, compared to a 6.4% growth forecast for the Shipping industry in Germany.
Is New 90 Day High Low • Jan 06New 90-day high: €6.85The company is up 28% from its price of €5.35 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.28 per share.
Is New 90 Day High Low • Dec 12New 90-day high: €6.25The company is up 44% from its price of €4.34 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.10 per share.
Is New 90 Day High Low • Nov 25New 90-day high: €6.05The company is up 49% from its price of €4.06 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €38.81 per share.
Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS US$0.14The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$107.9m (down 13% from 3Q 2019). Net income: US$17.4m (down 38% from 3Q 2019). Profit margin: 16% (down from 23% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 08Revenue misses expectationsRevenue missed analyst estimates by 9.8%. Over the next year, revenue is forecast to grow 15%, compared to a 2.9% growth forecast for the Shipping industry in Germany.
Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 9.8% at US$103.9m. Revenue is forecast to grow 9.6% over the next year, compared to a 2.8% growth forecast for the Shipping industry in Germany.
Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total losses of US$12.8m, with earnings decreasing by US$64.6m from the prior year. Total revenue was US$465.6m over the last 12 months, up 1.2% from the prior year.