COSTAMARE INC (CMRE) Stock Fundamental Analysis
NYSE:CMRE - New York Stock Exchange, Inc. - MHY1771G1026 - Common Stock - Currency: USD
Overall CMRE gets a fundamental rating of 5 out of 10. We evaluated CMRE against 29 industry peers in the Marine Transportation industry. CMRE has an average financial health and profitability rating. CMRE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CMRE had positive earnings in the past year.
In the past year CMRE had a positive cash flow from operations.
Of the past 5 years CMRE 4 years were profitable.
CMRE had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of CMRE (6.82%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 14.37%, CMRE is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
The Return On Invested Capital of CMRE (7.60%) is better than 60.71% 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 8.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.82% | ||
| ROE | 14.37% | ||
| ROIC | 7.6% |
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
The Profit Margin of CMRE (17.61%) is comparable to the rest of the industry.
CMRE's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 21.51%, CMRE is in line with its industry, outperforming 42.86% of the companies in the same industry.
In the last couple of years the Operating Margin of CMRE has declined.
CMRE has a worse Gross Margin (35.06%) than 67.86% of its industry peers.
CMRE's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.51% | ||
| PM (TTM) | 17.61% | ||
| GM | 35.06% |
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) just above the Cost of Capital (WACC), CMRE is creating some value.
CMRE has more shares outstanding than it did 1 year ago.
CMRE has more shares outstanding than it did 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 1.38, we must say that CMRE is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CMRE (1.38) is comparable to the rest of the industry.
CMRE has a debt to FCF ratio of 4.87. This is a neutral value as CMRE would need 4.87 years to pay back of all of its debts.
CMRE's Debt to FCF ratio of 4.87 is fine compared to the rest of the industry. CMRE outperforms 60.71% of its industry peers.
A Debt/Equity ratio of 0.75 indicates that CMRE is somewhat dependend on debt financing.
The Debt to Equity ratio of CMRE (0.75) is worse than 60.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 4.87 | ||
| Altman-Z | 1.38 |
ROIC/WACC0.98
WACC7.73%
2.3 Liquidity
CMRE has a Current Ratio of 1.65. This is a normal value and indicates that CMRE is financially healthy and should not expect problems in meeting its short term obligations.
CMRE's Current ratio of 1.65 is in line compared to the rest of the industry. CMRE outperforms 46.43% of its industry peers.
CMRE has a Quick Ratio of 1.56. This is a normal value and indicates that CMRE is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.56, CMRE is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
CMRE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.17%, which is quite impressive.
CMRE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.66% yearly.
Looking at the last year, CMRE shows a very strong growth in Revenue. The Revenue has grown by 37.88%.
Measured over the past years, CMRE shows a very strong growth in Revenue. The Revenue has been growing by 34.24% on average per year.
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
Based on estimates for the next years, CMRE will show a decrease in Earnings Per Share. The EPS will decrease by -5.50% on average per year.
Based on estimates for the next years, CMRE will show a very negative growth in Revenue. The Revenue will decrease by -12.74% on average per year.
EPS Next Y-7.39%
EPS Next 2Y-5.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-16.92%
Revenue Next 2Y-12.74%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 3.78, the valuation of CMRE can be described as very cheap.
Based on the Price/Earnings ratio, CMRE is valued a bit cheaper than 64.29% of the companies in the same industry.
CMRE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.63.
The Price/Forward Earnings ratio is 4.08, which indicates a rather cheap valuation of CMRE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CMRE indicates a somewhat cheap valuation: CMRE is cheaper than 78.57% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, CMRE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.78 | ||
| Fwd PE | 4.08 |
4.2 Price Multiples
CMRE's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CMRE indicates a somewhat cheap valuation: CMRE is cheaper than 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.78 | ||
| EV/EBITDA | 4.2 |
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)0.15
EPS Next 2Y-5.5%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.36%, CMRE is a good candidate for dividend investing.
The stock price of CMRE dropped by -26.73% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
CMRE's Dividend Yield is comparable with the industry average which is at 14.52.
CMRE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
5.2 History
The dividend of CMRE has a limited annual growth rate of 5.41%.
CMRE has paid a dividend for at least 10 years, which is a reliable track record.
CMRE has decreased its dividend recently.
Dividend Growth(5Y)5.41%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
CMRE pays out 20.19% of its income as dividend. This is a sustainable payout ratio.
DP20.19%
EPS Next 2Y-5.5%
EPS Next 3YN/A
10.47
-0.06 (-0.57%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners26.99%
Inst Owner Change0.89%
Ins Owners64.11%
Ins Owner ChangeN/A
Market Cap1.25B
Analysts45.71
Price Target14.28 (36.39%)
Short Float %2.77%
Short Ratio3.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
Yearly Dividend0.6
Dividend Growth(5Y)5.41%
DP20.19%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.87%
Min EPS beat(2)4.17%
Max EPS beat(2)5.58%
EPS beat(4)3
Avg EPS beat(4)3.06%
Min EPS beat(4)-4.98%
Max EPS beat(4)7.47%
EPS beat(8)5
Avg EPS beat(8)-1.07%
EPS beat(12)8
Avg EPS beat(12)-0.52%
EPS beat(16)11
Avg EPS beat(16)0.24%
Revenue beat(2)2
Avg Revenue beat(2)39.2%
Min Revenue beat(2)30.49%
Max Revenue beat(2)47.91%
Revenue beat(4)4
Avg Revenue beat(4)32.67%
Min Revenue beat(4)20.32%
Max Revenue beat(4)47.91%
Revenue beat(8)7
Avg Revenue beat(8)26.02%
Revenue beat(12)9
Avg Revenue beat(12)17.09%
Revenue beat(16)9
Avg Revenue beat(16)12.34%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-12.75%
EPS NQ rev (3m)-12.75%
EPS NY rev (1m)-14.46%
EPS NY rev (3m)-14.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.78 | ||
| Fwd PE | 4.08 | ||
| P/S | 0.62 | ||
| P/FCF | 2.78 | ||
| P/OCF | 2.23 | ||
| P/B | 0.5 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | 4.2 |
EPS(TTM)2.77
EY26.46%
EPS(NY)2.57
Fwd EY24.5%
FCF(TTM)3.77
FCFY35.98%
OCF(TTM)4.69
OCFY44.78%
SpS16.95
BVpS20.77
TBVpS20.77
PEG (NY)N/A
PEG (5Y)0.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.82% | ||
| ROE | 14.37% | ||
| ROCE | 9.62% | ||
| ROIC | 7.6% | ||
| ROICexc | 9.39% | ||
| ROICexgc | 9.39% | ||
| OM | 21.51% | ||
| PM (TTM) | 17.61% | ||
| GM | 35.06% | ||
| FCFM | 22.23% |
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 Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 4.87 | ||
| Debt/EBITDA | 3.09 | ||
| Cap/Depr | 67.19% | ||
| Cap/Sales | 5.44% | ||
| Interest Coverage | 2.93 | ||
| Cash Conversion | 93.45% | ||
| Profit Quality | 126.23% | ||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.56 | ||
| Altman-Z | 1.38 |
F-Score6
WACC7.73%
ROIC/WACC0.98
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
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-16.92%
Revenue Next 2Y-12.74%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y20.84%
EBIT growth 3Y5.46%
EBIT growth 5Y18.54%
EBIT Next Year34.23%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y102.05%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y85.45%
OCF growth 3YN/A
OCF growth 5YN/A