Costamare
Market Cap
US$957.3m
Last Updated
2019/11/16 00:20 UTC
Data Sources
Company Financials +
Executive Summary
Costamare Inc. owns and charters containerships to liner companies worldwide.
Snowflake
Fundamentals
Reasonable growth potential average 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.5%
CMRE
-0.7%
US Shipping
0.7%
US Market
1 Year Return
51.2%
CMRE
2.5%
US Shipping
12.9%
US Market
Return vs Industry: CMRE exceeded the US Shipping industry which returned 2.5% over the past year.
Return vs Market: CMRE exceeded the US Market which returned 12.9% over the past year.
Shareholder returns
| CMRE | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | -0.7% | 0.7% |
| 30 Day | 17.4% | -1.0% | 4.4% |
| 90 Day | 52.4% | 11.5% | 7.2% |
| 1 Year | 62.2%51.2% | 4.4%2.5% | 15.4%12.9% |
| 3 Year | 35.7%11.9% | 12.0%5.3% | 49.1%39.5% |
| 5 Year | -43.4%-61.1% | -56.7%-60.5% | 62.7%44.7% |
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
What Can We Make Of Costamare Inc.’s (NYSE:CMRE) High Return On Capital?4 months ago | Simply Wall St
Do Institutions Own Costamare Inc. (NYSE:CMRE) Shares?5 months ago | Simply Wall St
Why Costamare Inc.'s (NYSE:CMRE) High P/E Ratio Isn't Necessarily A Bad ThingValuation
Is Costamare undervalued compared to its fair value and its price relative to the market?
31.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CMRE ($8.09) is trading below our estimate of fair value ($11.87)
Significantly Below Fair Value: CMRE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CMRE is poor value based on its PE Ratio (17.9x) compared to the Shipping industry average (17.9x).
PE vs Market: CMRE is good value based on its PE Ratio (17.9x) compared to the US market (18.2x).
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 is overvalued based on its PB Ratio (0.7x) compared to the US Shipping industry average (0.5x).
Next Steps
Future Growth
How is Costamare forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
59.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMRE's forecast earnings growth (59.9% per year) is above the savings rate (2.7%).
Earnings vs Market: CMRE's earnings (59.9% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CMRE's revenue (8.6% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: CMRE's revenue (8.6% 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?
-30.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMRE has large one-off items impacting its financial results.
Growing Profit Margin: CMRE's current net profit margins (11.2%) are higher than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: CMRE's earnings have declined by -30.9% per year over the past 5 years.
Accelerating Growth: CMRE's earnings growth over the past year (132.1%) exceeds its 5-year average (-30.9% per year).
Earnings vs Industry: CMRE earnings growth over the past year (132.1%) exceeded the Shipping industry -48.2%.
Return on Equity
High ROE: CMRE's Return on Equity (6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Costamare's financial position?
Financial Position Analysis
Short Term Liabilities: CMRE's short term assets ($204.9M) do not cover its short term liabilities ($252.0M)
Long Term Liabilities: CMRE's short term assets (204.9M) do not cover its long term liabilities (1.4B)
Debt to Equity History and Analysis
Debt Level: CMRE's debt to equity ratio (104.3%) is considered high
Reducing Debt: CMRE's debt to equity ratio has reduced from 195.6% to 104.3% over the past 5 years.
Debt Coverage: CMRE's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: CMRE's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
Inventory Level: CMRE has a high level of physical assets or inventory.
Debt Coverage by Assets: CMRE's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Costamare's current dividend yield, its reliability and sustainability?
4.94%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CMRE's dividend (4.94%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: CMRE's dividend (4.94%) is in the top 25% of dividend payers in the US market (3.64%)
Stability and Growth of Payments
Stable Dividend: CMRE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CMRE has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.5%), CMRE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CMRE's dividends in 3 years are forecast to be well covered by earnings (29.4% payout ratio).
Next Steps
Management
What is the CEO of Costamare's salary, the management and board of directors tenure and is there insider trading?
9.8yrs
Average board tenure
CEO
Konstantinos Konstantakopoulos (50yo)
0yrs
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 Age and Tenure
9.8yrs
Average Tenure
50yo
Average Age
Experienced Board: CMRE's board of directors are considered experienced (9.8 years average tenure).
Insider Trading
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 4.3%.
Management Team
Gregory Zikos (50yo)
CFO & Director
- Tenure: 9.8yrs
Konstantinos Konstantakopoulos (50yo)
Chairman & CEO
- Tenure: 0yrs
Anastassios Gabrielides (54yo)
General Counsel & Secretary
- Tenure: 0yrs
Board Members
Gregory Zikos (50yo)
CFO & Director
- Tenure: 9.8yrs
Charlotte Stratos (65yo)
Independent Director
- Tenure: 9.8yrs
Konstantinos Konstantakopoulos (50yo)
Chairman & CEO
- Tenure: 0yrs
Konstantinos Zacharatos (46yo)
Director
- Tenure: 11.8yrs
Vagn Møller (73yo)
Independent Director
- Tenure: 9.8yrs
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$957.310m
- Shares outstanding: 118.33m
- 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 October 3, 2019, it had a fleet of 75 containerships with a total capacity of approximately 538,000 twenty foot equivalen ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/16 00:20 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.