COSTAMARE INC (CMRE)
MHY1771G1026 - Common Stock
Taking everything into account, CMRE scores 5 out of 10 in our fundamental rating. CMRE was compared to 27 industry peers in the Marine Transportation industry. CMRE has only an average score on both its financial health and profitability. CMRE has a correct valuation and a medium growth rate.
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
Looking at the Return On Assets, with a value of 6.82%, CMRE is in line with its industry, outperforming 46.15% of the companies in the same industry.
The Return On Equity of CMRE (14.37%) is better than 61.54% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.60%, CMRE is in line with its industry, outperforming 57.69% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CMRE is in line with the industry average of 8.73%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.82% | ||
| ROE | 14.37% | ||
| ROIC | 7.6% |
ROA(3y)8.86%
ROA(5y)5.62%
ROE(3y)20.85%
ROE(5y)13.15%
ROIC(3y)7.75%
ROIC(5y)6.8%
1.3 Margins
CMRE has a Profit Margin (17.61%) which is in line with its industry peers.
In the last couple of years the Profit Margin of CMRE has grown nicely.
The Operating Margin of CMRE (21.51%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of CMRE has declined.
CMRE has a worse Gross Margin (35.06%) than 69.23% 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-15.39%
OM growth 5Y-5.76%
PM growth 3YN/A
PM growth 5Y19.46%
GM growth 3Y-16.82%
GM growth 5Y-9.69%
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.
Compared to 1 year ago, CMRE has less shares outstanding
The number of shares outstanding for CMRE has been increased compared to 5 years ago.
CMRE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that CMRE is in the distress zone and has some risk of bankruptcy.
CMRE has a Altman-Z score (1.43) which is comparable to the rest of the industry.
The Debt to FCF ratio of CMRE is 4.87, which is a neutral value as it means it would take CMRE, 4.87 years of fcf income to pay off all of its debts.
CMRE has a Debt to FCF ratio of 4.87. This is comparable to the rest of the industry: CMRE outperforms 57.69% of its industry peers.
A Debt/Equity ratio of 0.75 indicates that CMRE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.75, CMRE is not doing good in the industry: 65.38% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 4.87 | ||
| Altman-Z | 1.43 |
ROIC/WACC1.03
WACC7.36%
2.3 Liquidity
A Current Ratio of 1.65 indicates that CMRE should not have too much problems paying its short term obligations.
With a Current ratio value of 1.65, CMRE perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
A Quick Ratio of 1.56 indicates that CMRE should not have too much problems paying its short term obligations.
CMRE has a Quick ratio (1.56) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 37.31% over the past year.
The Earnings Per Share has been growing by 37.06% on average over the past years. This is a very strong growth
Looking at the last year, CMRE shows a very strong growth in Revenue. The Revenue has grown by 58.38%.
The Revenue has been growing by 31.77% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)37.31%
EPS 3Y26.81%
EPS 5Y37.06%
EPS Q2Q%47.83%
Revenue 1Y (TTM)58.38%
Revenue growth 3Y48.63%
Revenue growth 5Y31.77%
Sales Q2Q%14.45%
3.2 Future
Based on estimates for the next years, CMRE will show a small growth in Earnings Per Share. The EPS will grow by 5.06% on average per year.
CMRE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.69% yearly.
EPS Next Y38.53%
EPS Next 2Y20.07%
EPS Next 3Y5.06%
EPS Next 5YN/A
Revenue Next Year34.05%
Revenue Next 2Y5.53%
Revenue Next 3Y0.69%
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.
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
A Price/Earnings ratio of 4.49 indicates a rather cheap valuation of CMRE.
The rest of the industry has a similar Price/Earnings ratio as CMRE.
CMRE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.73.
Based on the Price/Forward Earnings ratio of 4.13, the valuation of CMRE can be described as very cheap.
65.38% of the companies in the same industry are more expensive than CMRE, based on the Price/Forward Earnings ratio.
CMRE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.49 | ||
| Fwd PE | 4.13 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CMRE.
Based on the Price/Free Cash Flow ratio, CMRE is valued a bit cheaper than the industry average as 73.08% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.29 | ||
| EV/EBITDA | 4.58 |
4.3 Compensation for Growth
CMRE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.12
PEG (5Y)0.12
EPS Next 2Y20.07%
EPS Next 3Y5.06%
5. Dividend
5.1 Amount
CMRE has a Yearly Dividend Yield of 3.70%.
Compared to an average industry Dividend Yield of 10.27, CMRE has a dividend in line with its industry peers.
CMRE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
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.
The dividend of CMRE decreased 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.
The dividend of CMRE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP20.19%
EPS Next 2Y20.07%
EPS Next 3Y5.06%
COSTAMARE INC
NYSE:CMRE (12/20/2024, 8:04:00 PM)
After market: 12.39 0 (0%)12.39
-0.03 (-0.24%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners26.99%
Inst Owner Change6.66%
Ins Owners64.11%
Ins Owner ChangeN/A
Market Cap1.48B
Analysts45.71
Price Target14.28 (15.25%)
Short Float %5.11%
Short Ratio7.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
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)0%
EPS NQ rev (3m)-14.37%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)16.91%
Revenue NY rev (1m)0%
Revenue NY rev (3m)11.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.49 | ||
| Fwd PE | 4.13 | ||
| P/S | 0.73 | ||
| P/FCF | 3.29 | ||
| P/OCF | 2.64 | ||
| P/B | 0.6 | ||
| P/tB | 0.6 | ||
| EV/EBITDA | 4.58 |
EPS(TTM)2.76
EY22.28%
EPS(NY)3
Fwd EY24.2%
FCF(TTM)3.77
FCFY30.4%
OCF(TTM)4.69
OCFY37.84%
SpS16.95
BVpS20.77
TBVpS20.77
PEG (NY)0.12
PEG (5Y)0.12
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)8.86%
ROA(5y)5.62%
ROE(3y)20.85%
ROE(5y)13.15%
ROIC(3y)7.75%
ROIC(5y)6.8%
ROICexc(3y)9.1%
ROICexc(5y)7.73%
ROICexgc(3y)9.1%
ROICexgc(5y)7.73%
ROCE(3y)9.81%
ROCE(5y)8.61%
ROICexcg growth 3Y11.54%
ROICexcg growth 5Y16.02%
ROICexc growth 3Y11.54%
ROICexc growth 5Y16.02%
OM growth 3Y-15.39%
OM growth 5Y-5.76%
PM growth 3YN/A
PM growth 5Y19.46%
GM growth 3Y-16.82%
GM growth 5Y-9.69%
F-Score7
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 | 1.43 |
F-Score7
WACC7.36%
ROIC/WACC1.03
Cap/Depr(3y)270.55%
Cap/Depr(5y)192%
Cap/Sales(3y)45.36%
Cap/Sales(5y)34.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)37.31%
EPS 3Y26.81%
EPS 5Y37.06%
EPS Q2Q%47.83%
EPS Next Y38.53%
EPS Next 2Y20.07%
EPS Next 3Y5.06%
EPS Next 5YN/A
Revenue 1Y (TTM)58.38%
Revenue growth 3Y48.63%
Revenue growth 5Y31.77%
Sales Q2Q%14.45%
Revenue Next Year34.05%
Revenue Next 2Y5.53%
Revenue Next 3Y0.69%
Revenue Next 5YN/A
EBIT growth 1Y20.84%
EBIT growth 3Y25.75%
EBIT growth 5Y24.19%
EBIT Next Year43.73%
EBIT Next 3Y7.1%
EBIT Next 5YN/A
FCF growth 1Y105.51%
FCF growth 3Y12.87%
FCF growth 5YN/A
OCF growth 1Y-9.78%
OCF growth 3Y6.5%
OCF growth 5Y18.67%