GICS Sector : Industrials
Costamare Inc.owns and charters containerships to liner companies worldwide.As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT.
Costamare Inc.'s third-quarter 2025 financial results showcased a robust performance, with an adjusted net income of $98 million, translating to $0.81 per share, surpassing estimates of $0.705 per share. The company's net income for the quarter stood at approximately $93 million or $0.77 per share. The revenue growth was underpinned by a high fleet deployment rate, with 100% of the fleet employed in 2025 and 80% in 2026, resulting in total contracted revenues of $2.6 billion.
Publication Date: Nov -17
The company exercised an option for two containerships with a 3,100 TEU capacity, to be delivered in Q1 2028, on an 8-year time charter with a leading liner company. Additionally, eight vessels were fixed with a forward start for periods ranging from 12 to 38 months, leading to increased contracted revenues of about $310 million. The remaining time charter duration stands at approximately 3.2 years, indicating a stable revenue stream.
The containership market remains firm, with charter rates at healthy levels and an idle fleet of about 0.9%, signifying a fully employed market. Given the current market conditions, Costamare's valuation metrics appear reasonable, with a P/E Ratio of 5.76 and a Dividend Yield of 3.15%. The company's ROE stands at 12.77%, indicating a decent return on equity. With a Net Debt / EBITDA ratio of 2.04, the company's leverage is manageable.
Costamare's liquidity stands at approximately $560 million, providing a comfortable cushion for its operations. The company has also secured pre- and post-delivery financing for newbuildings, with no major maturities until 2027. Neptune Maritime Leasing has funded or committed to fund 50 shipping assets for over $650 million, with around $180 million invested, further diversifying the company's revenue streams.
Analysts estimate a revenue growth of -18.6% for next year, potentially due to the anticipated softening of charter rates or changes in the company's fleet composition. However, with a strong track record of dividend payments and a decent valuation, the stock appears to be an attractive option for income investors. As the company continues to navigate the complexities of the containership market, its focus on maintaining a high fleet deployment rate and securing long-term charters will be crucial in driving future performance.
Top 2 Industrials Stocks That May Fall Off A Cliff This Quarter
Dec -03
Costamare Inc. $CMRE Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Nov -27
Costamare Bulkers Holdings Limited Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2025
Nov -14
Costamare Bulkers Holdings Limited Sets the Date for Its Third Quarter 2025 Results Release, Conference Call and Webcast
Nov -11
Costamare Inc. (CMRE) Q3 2025 Earnings Call Transcript
Nov -04
Costamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2025
Nov -04
Costamare Inc. Sets the Date for Its Third Quarter 2025 Results Release, Conference Call and Webcast
Oct -31
Costamare (CMRE) Expected to Announce Earnings on Friday
Oct -31
Costamare Inc.'s 4.83% growth in Container Vessels is driven by increasing global trade, rising demand for containerized cargo, and a growing need for efficient transportation. Additionally, the company's modern fleet, strategic partnerships, and cost-effective operations contribute to its growth momentum.
Costamare Inc.'s (CBI) 4.65% growth is driven by increasing demand for container shipping, fleet expansion, and strategic acquisitions. Rising global trade, particularly in the Asia-Europe route, boosts container volumes. Additionally, CBI's focus on cost control, efficient vessel operations, and a strong balance sheet support its growth momentum.
Costamare Inc.'s 4.83% growth in Dry Bulk Vessels is driven by increasing global iron ore and coal demand, rising steel production, and a growing seaborne trade. Additionally, a low orderbook, scrubber installations, and a gradual recovery in vessel utilization contribute to the segment's growth.
Costamare Inc. owns and operates a fleet of container ships that provide transportation services to shipping lines and other customers.
The company's dry bulk carriers transport dry commodities such as iron ore, coal, and grains.
Costamare's tanker fleet transports crude oil, petroleum products, and other liquids.
The company provides technical and commercial management services to ship owners and operators.
Costamare Inc. buys and sells vessels, providing opportunities for investors and ship owners.
The threat of substitutes for Costamare Inc. is medium due to the availability of alternative shipping options, but the company's strong brand reputation and customer loyalty mitigate this threat.
The bargaining power of customers is low for Costamare Inc. due to the company's strong market position and the lack of concentration among its customer base.
The bargaining power of suppliers is medium for Costamare Inc. due to the company's dependence on a few large suppliers, but the company's strong relationships with these suppliers mitigate this threat.
The threat of new entrants is low for Costamare Inc. due to the high barriers to entry in the shipping industry, including the need for significant capital investment and regulatory compliance.
The intensity of rivalry is high for Costamare Inc. due to the competitive nature of the shipping industry, with many established players competing for market share.
| Value | |
|---|---|
| Debt Weight | 51.30% |
| Debt Cost | 5.66% |
| Equity Weight | 48.70% |
| Equity Cost | 10.55% |
| WACC | 8.05% |
| Leverage | 105.35% |
Value: 8.3
Growth: 6.0
Quality: 7.5
Yield: 10.0
Momentum: 7.5
Volatility: 6.3
1-Year Total Return ->
Value: 8.4
Growth: 9.6
Quality: 8.8
Yield: 3.1
Momentum: 5.5
Volatility: 2.0
1-Year Total Return ->
Value: 8.6
Growth: 6.9
Quality: 7.8
Yield: 10.0
Momentum: 1.5
Volatility: 2.3
1-Year Total Return ->
Value: 8.9
Growth: 6.9
Quality: 6.3
Yield: 8.1
Momentum: 2.5
Volatility: 3.0
1-Year Total Return ->
Value: 6.3
Growth: 9.7
Quality: 7.9
Yield: 5.0
Momentum: 4.0
Volatility: 2.3
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Value: 8.0
Growth: 7.4
Quality: 4.1
Yield: 7.5
Momentum: 1.0
Volatility: 3.7
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