COSTAMARE INC (CMRE)
MHY1771G1026 - Common Stock
CMRE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 27 industry peers in the Marine Transportation industry. CMRE has only an average score on both its financial health and profitability. CMRE has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CMRE had positive earnings in the past year.
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 6.26% is in line compared to the rest of the industry. CMRE outperforms 57.69% of its industry peers.
With a decent Return On Equity value of 13.71%, CMRE is doing good in the industry, outperforming 73.08% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.47%, CMRE is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
CMRE had an Average Return On Invested Capital over the past 3 years of 7.75%. This is in line with the industry average of 7.77%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.26% | ||
| ROE | 13.71% | ||
| ROIC | 7.47% |
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
Looking at the Profit Margin, with a value of 17.78%, CMRE is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Profit Margin of CMRE has grown nicely.
CMRE's Operating Margin of 22.84% is in line compared to the rest of the industry. CMRE outperforms 50.00% of its industry peers.
CMRE's Operating Margin has declined in the last couple of years.
The Gross Margin of CMRE (37.16%) is worse than 69.23% of its industry peers.
In the last couple of years the Gross Margin of CMRE has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.84% | ||
| PM (TTM) | 17.78% | ||
| GM | 37.16% |
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.
CMRE has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CMRE has more shares outstanding
Compared to 1 year ago, CMRE has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.40, we must say that CMRE is in the distress zone and has some risk of bankruptcy.
CMRE has a Altman-Z score (1.40) which is comparable to the rest of the industry.
The Debt to FCF ratio of CMRE is 6.14, which is on the high side as it means it would take CMRE, 6.14 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 6.14, CMRE is doing good in the industry, outperforming 65.38% of the companies in the same industry.
CMRE has a Debt/Equity ratio of 0.79. This is a neutral value indicating CMRE is somewhat dependend on debt financing.
CMRE has a worse Debt to Equity ratio (0.79) than 80.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 6.14 | ||
| Altman-Z | 1.4 |
ROIC/WACC1.05
WACC7.09%
2.3 Liquidity
CMRE has a Current Ratio of 1.61. 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 Current ratio, with a value of 1.61, CMRE is in line with its industry, outperforming 50.00% of the companies in the same industry.
A Quick Ratio of 1.54 indicates that CMRE should not have too much problems paying its short term obligations.
CMRE has a Quick ratio of 1.54. This is comparable to the rest of the industry: CMRE outperforms 53.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.54 |
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
CMRE shows a strong growth in Revenue. In the last year, 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.
The Revenue is expected to grow by 0.69% on average over the next years.
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.
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
A Price/Earnings ratio of 5.09 indicates a rather cheap valuation of CMRE.
Compared to the rest of the industry, the Price/Earnings ratio of CMRE is on the same level as its industry peers.
When comparing the Price/Earnings ratio of CMRE to the average of the S&P500 Index (28.96), we can say CMRE is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 4.69, the valuation of CMRE can be described as very cheap.
CMRE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CMRE is cheaper than 65.38% of the companies in the same industry.
CMRE is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.09 | ||
| Fwd PE | 4.69 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CMRE is on the same level as its industry peers.
76.92% 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 | 4.5 | ||
| EV/EBITDA | 4.98 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.13
PEG (5Y)0.14
EPS Next 2Y20.07%
EPS Next 3Y5.06%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.16%, CMRE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.49, CMRE has a dividend in line with its industry peers.
CMRE's Dividend Yield is a higher than the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.16% |
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.
Dividend Growth(5Y)5.41%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
21.24% of the earnings are spent on dividend by CMRE. This is a low number and sustainable payout ratio.
The dividend of CMRE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP21.24%
EPS Next 2Y20.07%
EPS Next 3Y5.06%
COSTAMARE INC
NYSE:CMRE (11/21/2024, 8:20:13 PM)
After market: 14.06 0 (0%)14.06
-0.38 (-2.63%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.68B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.16% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.09 | ||
| Fwd PE | 4.69 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.13
PEG (5Y)0.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.26% | ||
| ROE | 13.71% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 22.84% | ||
| PM (TTM) | 17.78% | ||
| GM | 37.16% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)37.31%
EPS 3Y26.81%
EPS 5Y
EPS Q2Q%
EPS Next Y38.53%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)58.38%
Revenue growth 3Y48.63%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y