CMRE

CostamareNYSE:CMRE Stock Report

Market Cap

US$1.9b

7D

-4.1%

1Y

162.4%

Updated

18 Sep, 2021

Data

Company Financials +
CMRE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance1/6
Financial Health2/6
Dividends3/6

CMRE Overview

Costamare Inc. owns and charters containerships to liner companies worldwide.

Share Price & News

How has Costamare's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CMRE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CMRE's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-4.1%

CMRE

-0.3%

US Shipping

-0.6%

US Market


1 Year Return

162.4%

CMRE

120.5%

US Shipping

33.8%

US Market

Return vs Industry: CMRE exceeded the US Shipping industry which returned 120.5% over the past year.

Return vs Market: CMRE exceeded the US Market which returned 33.8% over the past year.


Shareholder returns

CMREIndustryMarket
7 Day-4.1%-0.3%-0.6%
30 Day34.8%14.0%1.6%
90 Day33.5%16.7%4.6%
1 Year174.9%162.4%126.0%120.5%35.8%33.8%
3 Year176.2%129.6%50.7%38.7%60.0%50.1%
5 Year128.0%68.2%74.3%49.9%123.0%98.7%

Long-Term Price Volatility Vs. Market

How volatile is Costamare's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Costamare Fundamentals Summary

How do Costamare's earnings and revenue compare to its market cap?
CMRE fundamental statistics
Market CapUS$1.93b
Earnings (TTM)US$180.01m
Revenue (TTM)US$520.54m

10.7x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMRE income statement (TTM)
RevenueUS$520.54m
Cost of RevenueUS$155.39m
Gross ProfitUS$365.15m
ExpensesUS$185.14m
EarningsUS$180.01m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.48
Gross Margin70.15%
Net Profit Margin34.58%
Debt/Equity Ratio147.7%

How did CMRE perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is Costamare undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CMRE ($15.61) is trading below our estimate of fair value ($61.53)

Significantly Below Fair Value: CMRE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CMRE is good value based on its PE Ratio (10.7x) compared to the US Shipping industry average (11.4x).

PE vs Market: CMRE is good value based on its PE Ratio (10.7x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: CMRE is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: CMRE's PB Ratio (1.3x) is in line with the US Shipping industry average.


Future Growth

How is Costamare forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

34.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CMRE's forecast earnings growth (34.9% per year) is above the savings rate (2%).

Earnings vs Market: CMRE's earnings (34.9% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CMRE's revenue (21.6% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: CMRE's revenue (21.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CMRE's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Costamare performed over the past 5 years?

-12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CMRE has a large one-off gain of $47.1M impacting its June 30 2021 financial results.

Growing Profit Margin: CMRE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CMRE's earnings have declined by 12.2% per year over the past 5 years.

Accelerating Growth: CMRE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CMRE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (359.5%).


Return on Equity

High ROE: CMRE's Return on Equity (14.3%) is considered low.


Financial Health

How is Costamare's financial position?


Financial Position Analysis

Short Term Liabilities: CMRE's short term assets ($431.4M) exceed its short term liabilities ($340.8M).

Long Term Liabilities: CMRE's short term assets ($431.4M) do not cover its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: CMRE's debt to equity ratio (147.7%) is considered high.

Reducing Debt: CMRE's debt to equity ratio has increased from 134.2% to 147.7% over the past 5 years.

Debt Coverage: CMRE's debt is not well covered by operating cash flow (14.2%).

Interest Coverage: CMRE's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


Dividend

What is Costamare current dividend yield, its reliability and sustainability?

2.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CMRE's dividend (2.95%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: CMRE's dividend (2.95%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: CMRE's dividend payments have been volatile in the past 10 years.

Growing Dividend: CMRE's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.1%), CMRE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CMRE's dividends in 3 years are forecast to be thoroughly covered by earnings (13.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.7yrs

Average board tenure


CEO

Konstantinos Konstantakopoulos (52 yo)

no data

Tenure

Mr. Konstantinos Konstantakopoulos has been the Chairman and Chief Executive Officer of Costamare Partners GP LLC, the General Partner of Costamare Partners LP since August 04, 2014. Mr. Konstantakopoulos...


Board Members

Experienced Board: CMRE's board of directors are seasoned and experienced ( 11.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

Company Information

Costamare Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Costamare Inc.
  • Ticker: CMRE
  • Exchange: NYSE
  • Founded: 1974
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$1.927b
  • Shares outstanding: 123.42m
  • Website: https://www.costamare.com

Number of Employees


Location

  • Costamare Inc.
  • 7 Rue du Gabian
  • Monaco
  • 98000
  • Monaco

Listings


Biography

Costamare Inc. owns and charters containerships to liner companies worldwide. As of June 14, 2021, it had a fleet of 81 containerships with a total capacity of approximately 581,000 twenty foot equivalent...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:06
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.