Costamare
Market Cap
US$1.1b
Last Updated
2021/01/20 23:02 UTC
Data Sources
Company Financials +
Executive Summary
Costamare Inc. owns and charters containerships to liner companies worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential second-rate dividend payer.
Similar Companies
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 +/- 8% a week.
Volatility Over Time: CMRE's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-4.2%
CMRE
-2.2%
US Shipping
0.3%
US Market
1 Year Return
0.2%
CMRE
-11.7%
US Shipping
21.1%
US Market
Return vs Industry: CMRE exceeded the US Shipping industry which returned -11.7% over the past year.
Return vs Market: CMRE underperformed the US Market which returned 21.1% over the past year.
Shareholder returns
| CMRE | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.2% | -2.2% | 0.3% |
| 30 Day | 7.3% | 15.9% | 3.3% |
| 90 Day | 26.7% | 41.4% | 14.2% |
| 1 Year | 7.2%0.2% | -9.7%-11.7% | 23.8%21.1% |
| 3 Year | 62.6%34.2% | 1.5%-5.8% | 45.0%35.4% |
| 5 Year | 79.4%27.4% | -2.7%-16.1% | 127.7%102.3% |
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
5 days ago | Simply Wall St
Do These 3 Checks Before Buying Costamare Inc. (NYSE:CMRE) For Its Upcoming Dividend2 weeks ago | Simply Wall St
These 4 Measures Indicate That Costamare (NYSE:CMRE) Is Using Debt Extensively1 month ago | Simply Wall St
Did You Participate In Any Of Costamare's (NYSE:CMRE) Respectable 65% Return?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 ($8.64) is trading below our estimate of fair value ($52.97)
Significantly Below Fair Value: CMRE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CMRE is unprofitable, so we can't compare its PE Ratio to the US Shipping industry average.
PE vs Market: CMRE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CMRE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CMRE is overvalued based on its PB Ratio (0.8x) compared to the US Shipping industry average (0.6x).
Next Steps
Future Growth
How is Costamare forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
106.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMRE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: CMRE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CMRE's is expected to become profitable in the next 3 years.
Revenue vs Market: CMRE's revenue (8.7% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: CMRE's revenue (8.7% per year) is forecast to grow slower 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
Next Steps
Past Performance
How has Costamare performed over the past 5 years?
-32.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMRE is currently unprofitable.
Growing Profit Margin: CMRE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CMRE is unprofitable, and losses have increased over the past 5 years at a rate of 32.7% per year.
Accelerating Growth: Unable to compare CMRE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CMRE is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (8.9%).
Return on Equity
High ROE: CMRE has a negative Return on Equity (1.32%), as it is currently unprofitable.
Next Steps
Financial Health
How is Costamare's financial position?
Financial Position Analysis
Short Term Liabilities: CMRE's short term assets ($181.6M) do not cover its short term liabilities ($231.3M).
Long Term Liabilities: CMRE's short term assets ($181.6M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: CMRE's debt to equity ratio (110.7%) is considered high.
Reducing Debt: CMRE's debt to equity ratio has reduced from 153.8% to 110.7% over the past 5 years.
Debt Coverage: CMRE's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: CMRE is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Costamare current dividend yield, its reliability and sustainability?
4.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMRE's dividend (4.63%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: CMRE's dividend (4.63%) is in the top 25% of dividend payers in the US market (3.87%)
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: CMRE is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: CMRE's dividends in 3 years are forecast to be well covered by earnings (31% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.0yrs
Average board tenure
CEO
Konstantinos Konstantakopoulos (51 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | no data | 28.59% $ 302.6m | |
| CFO & Director | 11yrs | no data | no data | |
| Independent Director | 11yrs | no data | no data | |
| Director | 13yrs | no data | no data | |
| Independent Director | 11yrs | no data | no data |
11.0yrs
Average Tenure
51yo
Average Age
Experienced Board: CMRE's board of directors are seasoned and experienced ( 11 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 2.7%.
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$1.058b
- Shares outstanding: 121.49m
- Website: https://www.costamare.com
Number of Employees
Location
- Costamare Inc.
- 7 Rue du Gabian
- Monaco
- 98000
- Monaco
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CMRE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 2010 |
| LCM | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 2010 |
| CMRE.PRB | NYSE (New York Stock Exchange) | PERP PFD SER B | US | USD | Aug 2013 | |
| CMRE.PRC | NYSE (New York Stock Exchange) | PERP PFD SER C | US | USD | Jan 2014 | |
| CMRE.PRD | NYSE (New York Stock Exchange) | PFD SER D | US | USD | May 2015 | |
| CMRE.PRE | NYSE (New York Stock Exchange) | 8.87% CUM PFD E | US | USD | Jan 2018 |
Biography
Costamare Inc. owns and charters containerships to liner companies worldwide. As of February 25, 2020, it had a fleet of 75 containerships with a total capacity of approximately 547,000 twenty foot equival...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 23:02 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.