| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 5/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
CMRE Overview
Costamare Inc. owns and charters containerships to liner companies worldwide.
Rewards
Risk Analysis
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
| CMRE | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | -0.3% | -0.6% |
| 30 Day | 34.8% | 14.0% | 1.6% |
| 90 Day | 33.5% | 16.7% | 4.6% |
| 1 Year | 174.9%162.4% | 126.0%120.5% | 35.8%33.8% |
| 3 Year | 176.2%129.6% | 50.7%38.7% | 60.0%50.1% |
| 5 Year | 128.0%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
1 week ago | Simply Wall St
Be Wary Of Costamare (NYSE:CMRE) And Its Returns On Capital1 month ago | Simply Wall St
Is Costamare (NYSE:CMRE) A Risky Investment?2 months ago | Simply Wall St
Why It Might Not Make Sense To Buy Costamare Inc. (NYSE:CMRE) For Its Upcoming DividendCostamare Fundamentals Summary
| CMRE fundamental statistics | |
|---|---|
| Market Cap | US$1.93b |
| Earnings (TTM) | US$180.01m |
| Revenue (TTM) | US$520.54m |
10.7x
P/E Ratio3.7x
P/S RatioIs CMRE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CMRE income statement (TTM) | |
|---|---|
| Revenue | US$520.54m |
| Cost of Revenue | US$155.39m |
| Gross Profit | US$365.15m |
| Expenses | US$185.14m |
| Earnings | US$180.01m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.48 |
| Gross Margin | 70.15% |
| Net Profit Margin | 34.58% |
| Debt/Equity Ratio | 147.7% |
How did CMRE perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield28%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:06 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.