-1.27%
-13.63%
-15.08%
-16.83%
10.84%
-12.20%
46.48%
AI Spotlight on CMRE
Company Description
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.
The company was founded in 1974 and is based in Monaco.
Market Data
| Last Price | 11.66 |
| Change Percentage | -1.27% |
| Open | 11.74 |
| Previous Close | 11.81 |
| Market Cap ( Millions) | 1397 |
| Volume | 343490 |
| Year High | 17.58 |
| Year Low | 10.14 |
| M A 50 | 12.85 |
| M A 200 | 13.93 |
Financial Ratios
| FCF Yield | 27.82% |
| Dividend Yield | 3.95% |
| ROE | 15.90% |
| Debt / Equity | 99.51% |
| Net Debt / EBIDTA | 285.70% |
| Price To Book | 0.56 |
| Price Earnings Ratio | 3.58 |
| Price To FCF | 3.59 |
| Price To sales | 0.69 |
| EV / EBITDA | 5.23 |
News
- Jan -31 - Costamare Inc. Sets the Date for Its Fourth Quarter 2024 Results Release, Conference Call and Webcast
- Jan -22 - Costamare (CMRE) Increases Yet Falls Behind Market: What Investors Need to Know
- Jan -14 - Costamare (CMRE) Rises Higher Than Market: Key Facts
- Jan -09 - Costamare (CMRE) Stock Drops Despite Market Gains: Important Facts to Note
- Jan -06 - Why Costamare (CMRE) Could Beat Earnings Estimates Again
- Jan -02 - The 4 S's driving retail success in 2025: Expert
- Jan -02 - Costamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock
- Dec -19 - Costamare (CMRE) Declines More Than Market: Some Information for Investors
- Dec -17 - 4 Shipping Stocks to Keep an Eye on Despite Industry Headwinds
- Dec -12 - Costamare (CMRE) Registers a Bigger Fall Than the Market: Important Facts to Note
- Dec -10 - Costamare: Attractive Valuations And A 3.5% Dividend Yield
- Dec -09 - Neptune Maritime Leasing Awarded “Shipping Financier of the Year 2024” By Lloyd's List Greek Shipping Awards
- Nov -02 - Costamare Inc. (CMRE) Q3 2024 Earnings Call Transcript
- Nov -01 - Costamare (CMRE) Beats Q3 Earnings and Revenue Estimates
- Nov -01 - Costamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2024
- Oct -30 - Here's Why Costamare (CMRE) Fell More Than Broader Market
- Oct -30 - Costamare (CMRE) Earnings Expected to Grow: What to Know Ahead of Q3 Release
- Oct -30 - Costamare Inc. Sets the Date for Its Third Quarter 2024 Results Release, Conference Call and Webcast
- Oct -24 - Costamare (CMRE) Laps the Stock Market: Here's Why
- Oct -24 - Are Transportation Stocks Lagging Costamare (CMRE) This Year?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Container Vessels
Expected Growth : 4.83 %
What the company do ?
Costamare Inc.'s Container Vessels are a fleet of ships that transport goods in containers, offering efficient and reliable cargo transportation services worldwide.
Why we expect these perspectives ?
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.
Segment n°2 -> CBI
Expected Growth : 4.65 %
What the company do ?
CBI stands for Chartering and Brokerage Income, a segment of Costamare Inc. that generates revenue from chartering and brokerage services for ships.
Why we expect these perspectives ?
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.
Segment n°3 -> Dry Bulk Vessels
Expected Growth : 4.83 %
What the company do ?
Dry Bulk Vessels from Costamare Inc. are cargo ships that transport unpackaged bulk cargoes such as coal, iron ore, and grains.
Why we expect these perspectives ?
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. Products
| Product Range | What is it ? |
|---|---|
| Container Ships | Costamare Inc. owns and operates a fleet of container ships that provide transportation services to shipping lines and other customers. |
| Dry Bulk Carriers | The company's dry bulk carriers transport dry commodities such as iron ore, coal, and grains. |
| Tankers | Costamare's tanker fleet transports crude oil, petroleum products, and other liquids. |
| Ship Management Services | The company provides technical and commercial management services to ship owners and operators. |
| Vessel Acquisition and Sales | Costamare Inc. buys and sells vessels, providing opportunities for investors and ship owners. |
Costamare Inc.'s Porter Forces
Threat Of Substitutes
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.
Bargaining Power Of Customers
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.
Bargaining Power Of Suppliers
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.
Threat Of New Entrants
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.
Intensity Of Rivalry
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.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 51.30% |
| Debt Cost | 5.66% |
| Equity Weight | 48.70% |
| Equity Cost | 10.55% |
| WACC | 8.05% |
| Leverage | 105.35% |
Costamare Inc. : Quality Control
Costamare Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| GCC.OL | Gram Car Carriers ASA, through its subsidiaries, operates as a tonnage supplier worldwide. The company invests in and operates assets in the pure car and truck carrier shipping segment. It … |
| HXCK.DE | Ernst Russ AG is a publicly owned investment manager. It invest in shipping, alternative investments, real estate, private equity and renewable energy. Within ship participation, the firm invests in part-owning … |
| GSL | Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2022, it owned 65 mid-sized and smaller containerships … |
| DNORD.CO | Dampskibsselskabet NORDEN A/S, a shipping company, owns and operates dry cargo and tanker vessels worldwide. The company operates through two segments: Assets & Logistics, and Freight Services & Trading. The … |
| MPCC.OL | MPC Container Ships ASA owns and operates a portfolio of container vessels. The company focuses on feeder vessels between 1,000 and 5,000 twenty-foot equivalent units (TEU). It operates a fleet … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
🥇
MPC Container Ships
A-Score
1-Year Total Return ->
🥈
Gram Car Carriers
A-Score
1-Year Total Return ->
🥉
Costamare
A-Score
1-Year Total Return ->
4
Global Ship Lease
A-Score
1-Year Total Return ->
5
Ernst Russ
A-Score
1-Year Total Return ->
6
