NYSE:CMRE

Stock Analysis Report

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Market Cap

US$1.5b

Last Updated

2021/06/23 05:37 UTC

Data Sources

Company Financials +

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

-1.5%

CMRE

-0.1%

US Shipping

-0.1%

US Market


1 Year Return

107.5%

CMRE

83.1%

US Shipping

39.0%

US Market

Return vs Industry: CMRE exceeded the US Shipping industry which returned 88.4% over the past year.

Return vs Market: CMRE exceeded the US Market which returned 39% over the past year.


Shareholder returns

CMREIndustryMarket
7 Day-1.5%-0.1%-0.1%
30 Day12.8%2.8%2.6%
90 Day21.6%26.5%8.0%
1 Year119.7%107.5%86.3%83.1%41.2%39.0%
3 Year82.8%51.6%30.5%21.0%62.4%52.3%
5 Year85.1%34.0%74.0%50.5%132.3%106.2%

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

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 ($11.87) is trading below our estimate of fair value ($40.26)

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


Price To Earnings Ratio

PE vs Industry: CMRE is poor value based on its PE Ratio (108.1x) compared to the US Shipping industry average (24.3x).

PE vs Market: CMRE is poor value based on its PE Ratio (108.1x) compared to the US market (19.2x).


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's PB Ratio (1x) 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?

12.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CMRE's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if CMRE's earnings are forecast to grow faster than the US market

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

Revenue vs Market: CMRE's revenue (12% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: CMRE's revenue (12% 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


Past Performance

How has Costamare performed over the past 5 years?

-36.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CMRE has a large one-off loss of $88.2M impacting its March 31 2021 financial results.

Growing Profit Margin: CMRE's current net profit margins (2.9%) are lower than last year (21.1%).


Past Earnings Growth Analysis

Earnings Trend: CMRE's earnings have declined by 36.2% per year over the past 5 years.

Accelerating Growth: CMRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CMRE had negative earnings growth (-87%) over the past year, making it difficult to compare to the Shipping industry average (194.5%).


Return on Equity

High ROE: CMRE's Return on Equity (3.2%) is considered low.


Financial Health

How is Costamare's financial position?


Financial Position Analysis

Short Term Liabilities: CMRE's short term assets ($265.7M) exceed its short term liabilities ($252.4M).

Long Term Liabilities: CMRE's short term assets ($265.7M) do not cover its long term liabilities ($1.9B).


Debt to Equity History and Analysis

Debt Level: CMRE's debt to equity ratio (135%) is considered high.

Reducing Debt: CMRE's debt to equity ratio has reduced from 137% to 135% over the past 5 years.

Debt Coverage: CMRE's debt is not well covered by operating cash flow (14.7%).

Interest Coverage: CMRE's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

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

3.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CMRE's dividend (3.37%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: CMRE's dividend (3.37%) is low compared to the top 25% of dividend payers in the US market (3.44%).


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 high payout ratio (364.2%), CMRE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CMRE's dividends in 3 years are forecast to be well covered by earnings (19.8% payout ratio).


Next Steps

Management

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

11.4yrs

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

Experienced Board: CMRE's board of directors are seasoned and experienced ( 11.4 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 2.3%.


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$1.484b
  • Shares outstanding: 122.67m
  • 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 Analysis2021/06/23 05:37
End of Day Share Price2021/06/22 00:00
Earnings2021/03/31
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.