COSTAMARE INC (CMRE) Stock Fundamental Analysis
NYSE:CMRE - New York Stock Exchange, Inc. - MHY1771G1026 - Common Stock - Currency: USD
Taking everything into account, CMRE scores 5 out of 10 in our fundamental rating. CMRE was compared to 31 industry peers in the Marine Transportation industry. CMRE has an average financial health and profitability rating. CMRE scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year CMRE was profitable.
CMRE had a positive operating cash flow in the past year.
Of the past 5 years CMRE 4 years were profitable.
Each year in the past 5 years CMRE had a positive operating cash flow.
1.2 Ratios
CMRE's Return On Assets of 5.65% is in line compared to the rest of the industry. CMRE outperforms 51.61% of its industry peers.
CMRE has a Return On Equity (11.58%) which is in line with its industry peers.
CMRE has a better Return On Invested Capital (8.32%) than 74.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CMRE is in line with the industry average of 8.92%.
The last Return On Invested Capital (8.32%) for CMRE is above the 3 year average (7.95%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.65% | ||
| ROE | 11.58% | ||
| ROIC | 8.32% |
ROA(3y)7.68%
ROA(5y)6.3%
ROE(3y)16.9%
ROE(5y)14.5%
ROIC(3y)7.95%
ROIC(5y)7.33%
1.3 Margins
CMRE has a Profit Margin of 13.95%. This is comparable to the rest of the industry: CMRE outperforms 48.39% of its industry peers.
In the last couple of years the Profit Margin of CMRE has remained more or less at the same level.
CMRE has a Operating Margin of 22.26%. This is comparable to the rest of the industry: CMRE outperforms 48.39% of its industry peers.
In the last couple of years the Operating Margin of CMRE has declined.
CMRE's Gross Margin of 35.73% is on the low side compared to the rest of the industry. CMRE is outperformed by 67.74% of its industry peers.
CMRE's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.26% | ||
| PM (TTM) | 13.95% | ||
| GM | 35.73% |
OM growth 3Y-23.56%
OM growth 5Y-11.69%
PM growth 3Y-35.05%
PM growth 5Y-0.3%
GM growth 3Y-21.64%
GM growth 5Y-13.44%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CMRE is destroying value.
CMRE has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CMRE has been increased compared to 5 years ago.
Compared to 1 year ago, CMRE has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that CMRE is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.36, CMRE is doing good in the industry, outperforming 64.52% of the companies in the same industry.
The Debt to FCF ratio of CMRE is 5.77, which is a neutral value as it means it would take CMRE, 5.77 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.77, CMRE is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
CMRE has a Debt/Equity ratio of 0.68. This is a neutral value indicating CMRE is somewhat dependend on debt financing.
The Debt to Equity ratio of CMRE (0.68) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 5.77 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.95
WACC8.73%
2.3 Liquidity
A Current Ratio of 1.40 indicates that CMRE should not have too much problems paying its short term obligations.
With a Current ratio value of 1.40, CMRE perfoms like the industry average, outperforming 58.06% of the companies in the same industry.
CMRE has a Quick Ratio of 1.32. This is a normal value and indicates that CMRE is financially healthy and should not expect problems in meeting its short term obligations.
CMRE has a Quick ratio (1.32) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.4 | ||
| Quick Ratio | 1.32 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 33.17% over the past year.
CMRE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.66% yearly.
CMRE shows a strong growth in Revenue. In the last year, the Revenue has grown by 37.88%.
CMRE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.24% yearly.
EPS 1Y (TTM)33.17%
EPS 3Y5.63%
EPS 5Y24.66%
EPS Q2Q%1.47%
Revenue 1Y (TTM)37.88%
Revenue growth 3Y37.96%
Revenue growth 5Y34.24%
Sales Q2Q%-10.44%
3.2 Future
The Earnings Per Share is expected to decrease by -5.50% on average over the next years.
CMRE is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.66% yearly.
EPS Next Y-7.39%
EPS Next 2Y-5.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-23.13%
Revenue Next 2Y-13.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 3.09, which indicates a rather cheap valuation of CMRE.
Based on the Price/Earnings ratio, CMRE is valued a bit cheaper than the industry average as 64.52% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.29, CMRE is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 3.34, the valuation of CMRE can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CMRE indicates a rather cheap valuation: CMRE is cheaper than 80.65% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CMRE to the average of the S&P500 Index (21.32), we can say CMRE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.09 | ||
| Fwd PE | 3.34 |
4.2 Price Multiples
67.74% of the companies in the same industry are more expensive than CMRE, based on the Enterprise Value to EBITDA ratio.
80.65% of the companies in the same industry are more expensive than CMRE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.88 | ||
| EV/EBITDA | 3.66 |
4.3 Compensation for Growth
A cheap valuation may be justified as CMRE's earnings are expected to decrease with -5.50% in the coming years.
PEG (NY)N/A
PEG (5Y)0.13
EPS Next 2Y-5.5%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CMRE has a Yearly Dividend Yield of 5.15%, which is a nice return.
In the last 3 months the price of CMRE has falen by -27.34%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
CMRE's Dividend Yield is comparable with the industry average which is at 43.51.
Compared to an average S&P500 Dividend Yield of 2.51, CMRE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
5.2 History
The dividend of CMRE has a limited annual growth rate of 3.69%.
CMRE has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of CMRE decreased recently.
Dividend Growth(5Y)3.69%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
25.51% of the earnings are spent on dividend by CMRE. This is a low number and sustainable payout ratio.
DP25.51%
EPS Next 2Y-5.5%
EPS Next 3YN/A
NYSE:CMRE (4/21/2025, 2:27:09 PM)
8.56
-0.37 (-4.14%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners28.67%
Inst Owner Change-0.04%
Ins Owners63.94%
Ins Owner ChangeN/A
Market Cap1.03B
Analysts45.71
Price Target12.75 (48.95%)
Short Float %2.26%
Short Ratio2.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
Yearly Dividend0.62
Dividend Growth(5Y)3.69%
DP25.51%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.12%
Min EPS beat(2)4.07%
Max EPS beat(2)4.17%
EPS beat(4)3
Avg EPS beat(4)2.21%
Min EPS beat(4)-4.98%
Max EPS beat(4)5.58%
EPS beat(8)6
Avg EPS beat(8)0.88%
EPS beat(12)9
Avg EPS beat(12)0.45%
EPS beat(16)11
Avg EPS beat(16)0.09%
Revenue beat(2)2
Avg Revenue beat(2)22.38%
Min Revenue beat(2)14.26%
Max Revenue beat(2)30.49%
Revenue beat(4)4
Avg Revenue beat(4)28.25%
Min Revenue beat(4)14.26%
Max Revenue beat(4)47.91%
Revenue beat(8)8
Avg Revenue beat(8)28.06%
Revenue beat(12)9
Avg Revenue beat(12)17.75%
Revenue beat(16)10
Avg Revenue beat(16)13.44%
PT rev (1m)0%
PT rev (3m)-10.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-29.3%
EPS NY rev (1m)0%
EPS NY rev (3m)-14.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.61%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.09 | ||
| Fwd PE | 3.34 | ||
| P/S | 0.49 | ||
| P/FCF | 2.88 | ||
| P/OCF | 1.91 | ||
| P/B | 0.41 | ||
| P/tB | 0.41 | ||
| EV/EBITDA | 3.66 |
EPS(TTM)2.77
EY32.36%
EPS(NY)2.57
Fwd EY29.97%
FCF(TTM)2.97
FCFY34.73%
OCF(TTM)4.48
OCFY52.37%
SpS17.37
BVpS20.93
TBVpS20.93
PEG (NY)N/A
PEG (5Y)0.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.65% | ||
| ROE | 11.58% | ||
| ROCE | 10.54% | ||
| ROIC | 8.32% | ||
| ROICexc | 10.08% | ||
| ROICexgc | 10.08% | ||
| OM | 22.26% | ||
| PM (TTM) | 13.95% | ||
| GM | 35.73% | ||
| FCFM | 17.11% |
ROA(3y)7.68%
ROA(5y)6.3%
ROE(3y)16.9%
ROE(5y)14.5%
ROIC(3y)7.95%
ROIC(5y)7.33%
ROICexc(3y)9.69%
ROICexc(5y)8.54%
ROICexgc(3y)9.69%
ROICexgc(5y)8.54%
ROCE(3y)10.06%
ROCE(5y)9.27%
ROICexcg growth 3Y6.65%
ROICexcg growth 5Y10.82%
ROICexc growth 3Y6.65%
ROICexc growth 5Y10.82%
OM growth 3Y-23.56%
OM growth 5Y-11.69%
PM growth 3Y-35.05%
PM growth 5Y-0.3%
GM growth 3Y-21.64%
GM growth 5Y-13.44%
F-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 5.77 | ||
| Debt/EBITDA | 2.73 | ||
| Cap/Depr | 110.28% | ||
| Cap/Sales | 8.69% | ||
| Interest Coverage | 3.15 | ||
| Cash Conversion | 85.61% | ||
| Profit Quality | 122.69% | ||
| Current Ratio | 1.4 | ||
| Quick Ratio | 1.32 | ||
| Altman-Z | 1.36 |
F-Score6
WACC8.73%
ROIC/WACC0.95
Cap/Depr(3y)65.92%
Cap/Depr(5y)203.13%
Cap/Sales(3y)6.59%
Cap/Sales(5y)33.38%
Profit Quality(3y)97.26%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.17%
EPS 3Y5.63%
EPS 5Y24.66%
EPS Q2Q%1.47%
EPS Next Y-7.39%
EPS Next 2Y-5.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)37.88%
Revenue growth 3Y37.96%
Revenue growth 5Y34.24%
Sales Q2Q%-10.44%
Revenue Next Year-23.13%
Revenue Next 2Y-13.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y30.34%
EBIT growth 3Y5.46%
EBIT growth 5Y18.54%
EBIT Next Year34.1%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y43.88%
FCF growth 3YN/A
FCF growth 5Y13.61%
OCF growth 1Y62.27%
OCF growth 3Y4.85%
OCF growth 5Y16.52%