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 32 industry peers in the Marine Transportation industry. CMRE has an average financial health and profitability rating. 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.
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 each of the past 5 years.
1.2 Ratios
CMRE's Return On Assets of 5.68% is in line compared to the rest of the industry. CMRE outperforms 56.25% of its industry peers.
The Return On Equity of CMRE (11.27%) is comparable to the rest of the industry.
CMRE has a better Return On Invested Capital (8.46%) than 75.00% 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 8.13%.
The last Return On Invested Capital (8.46%) for CMRE is above the 3 year average (7.95%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.68% | ||
| ROE | 11.27% | ||
| ROIC | 8.46% |
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
CMRE has a Profit Margin of 14.19%. This is comparable to the rest of the industry: CMRE outperforms 50.00% of its industry peers.
In the last couple of years the Profit Margin of CMRE has remained more or less at the same level.
CMRE has a Operating Margin of 22.94%. This is comparable to the rest of the industry: CMRE outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of CMRE has declined.
CMRE has a Gross Margin of 36.75%. This is in the lower half of the industry: CMRE underperforms 68.75% of its industry peers.
In the last couple of years the Gross Margin of CMRE has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.94% | ||
| PM (TTM) | 14.19% | ||
| GM | 36.75% |
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) below the Cost of Capital (WACC), CMRE is destroying value.
The number of shares outstanding for CMRE has been increased compared to 1 year ago.
The number of shares outstanding for CMRE has been increased compared to 5 years ago.
The debt/assets ratio for CMRE has been reduced compared to a year ago.
2.2 Solvency
CMRE has an Altman-Z score of 1.41. This is a bad value and indicates that CMRE is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.41, CMRE is in the better half of the industry, outperforming 65.63% of the companies in the same industry.
CMRE has a debt to FCF ratio of 5.34. This is a neutral value as CMRE would need 5.34 years to pay back of all of its debts.
CMRE has a better Debt to FCF ratio (5.34) than 62.50% of its industry peers.
CMRE has a Debt/Equity ratio of 0.64. This is a neutral value indicating CMRE is somewhat dependend on debt financing.
CMRE has a Debt to Equity ratio (0.64) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.34 | ||
| Altman-Z | 1.41 |
ROIC/WACC0.98
WACC8.64%
2.3 Liquidity
CMRE has a Current Ratio of 1.55. This is a normal value and indicates that CMRE is financially healthy and should not expect problems in meeting its short term obligations.
CMRE has a Current ratio of 1.55. This is in the better half of the industry: CMRE outperforms 65.63% of its industry peers.
CMRE has a Quick Ratio of 1.47. 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 1.47, CMRE is in the better half of the industry, outperforming 71.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.55 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
CMRE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.03%, which is quite good.
CMRE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.66% yearly.
The Revenue has grown by 18.22% in the past year. This is quite good.
The Revenue has been growing by 34.24% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)18.03%
EPS 3Y5.63%
EPS 5Y24.66%
EPS Q2Q%-3.17%
Revenue 1Y (TTM)18.22%
Revenue growth 3Y37.96%
Revenue growth 5Y34.24%
Sales Q2Q%-6.35%
3.2 Future
The Earnings Per Share is expected to decrease by -6.08% on average over the next years.
Based on estimates for the next years, CMRE will show a very negative growth in Revenue. The Revenue will decrease by -13.66% on average per year.
EPS Next Y-10.52%
EPS Next 2Y-5.8%
EPS Next 3Y-6.08%
EPS Next 5YN/A
Revenue Next Year-23.13%
Revenue Next 2Y-13.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
Based on the Price/Earnings ratio of 3.07, the valuation of CMRE can be described as very cheap.
CMRE's Price/Earnings ratio is a bit cheaper when compared to the industry. CMRE is cheaper than 75.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.03. CMRE is valued rather cheaply when compared to this.
CMRE is valuated cheaply with a Price/Forward Earnings ratio of 3.43.
84.38% 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 21.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.07 | ||
| Fwd PE | 3.43 |
4.2 Price Multiples
CMRE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CMRE is cheaper than 68.75% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CMRE indicates a somewhat cheap valuation: CMRE is cheaper than 78.13% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.67 | ||
| EV/EBITDA | 3.44 |
4.3 Compensation for Growth
CMRE's earnings are expected to decrease with -6.08% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.12
EPS Next 2Y-5.8%
EPS Next 3Y-6.08%
5. Dividend
5.1 Amount
CMRE has a Yearly Dividend Yield of 5.26%, which is a nice return.
Compared to an average industry Dividend Yield of 9.24, CMRE pays a bit more dividend than its industry peers.
CMRE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
5.2 History
The dividend of CMRE has a limited annual growth rate of 3.69%.
CMRE has been paying a dividend for at least 10 years, so it has a reliable track record.
CMRE has decreased its dividend recently.
Dividend Growth(5Y)3.69%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
CMRE pays out 26.19% of its income as dividend. This is a sustainable payout ratio.
DP26.19%
EPS Next 2Y-5.8%
EPS Next 3Y-6.08%
8.44
-0.17 (-1.97%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners28.67%
Inst Owner Change32.53%
Ins Owners63.94%
Ins Owner ChangeN/A
Market Cap1.01B
Analysts45.71
Price Target11.22 (32.94%)
Short Float %1.52%
Short Ratio1.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
Yearly Dividend0.62
Dividend Growth(5Y)3.69%
DP26.19%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.1%
Min EPS beat(2)4.07%
Max EPS beat(2)16.12%
EPS beat(4)4
Avg EPS beat(4)7.49%
Min EPS beat(4)4.07%
Max EPS beat(4)16.12%
EPS beat(8)7
Avg EPS beat(8)5.32%
EPS beat(12)9
Avg EPS beat(12)1.73%
EPS beat(16)11
Avg EPS beat(16)0.95%
Revenue beat(2)2
Avg Revenue beat(2)9.46%
Min Revenue beat(2)4.66%
Max Revenue beat(2)14.26%
Revenue beat(4)4
Avg Revenue beat(4)24.33%
Min Revenue beat(4)4.66%
Max Revenue beat(4)47.91%
Revenue beat(8)8
Avg Revenue beat(8)27.84%
Revenue beat(12)10
Avg Revenue beat(12)18.58%
Revenue beat(16)11
Avg Revenue beat(16)13.76%
PT rev (1m)-12%
PT rev (3m)-21.43%
EPS NQ rev (1m)-6.4%
EPS NQ rev (3m)-6.4%
EPS NY rev (1m)-3.38%
EPS NY rev (3m)-3.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.07 | ||
| Fwd PE | 3.43 | ||
| P/S | 0.49 | ||
| P/FCF | 2.67 | ||
| P/OCF | 1.87 | ||
| P/B | 0.39 | ||
| P/tB | 0.39 | ||
| EV/EBITDA | 3.44 |
EPS(TTM)2.75
EY32.58%
EPS(NY)2.46
Fwd EY29.13%
FCF(TTM)3.16
FCFY37.48%
OCF(TTM)4.52
OCFY53.61%
SpS17.13
BVpS21.57
TBVpS21.57
PEG (NY)N/A
PEG (5Y)0.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.68% | ||
| ROE | 11.27% | ||
| ROCE | 10.71% | ||
| ROIC | 8.46% | ||
| ROICexc | 10.39% | ||
| ROICexgc | 10.39% | ||
| OM | 22.94% | ||
| PM (TTM) | 14.19% | ||
| GM | 36.75% | ||
| FCFM | 18.47% |
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-Score5
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.34 | ||
| Debt/EBITDA | 2.62 | ||
| Cap/Depr | 98.71% | ||
| Cap/Sales | 7.95% | ||
| Interest Coverage | 3.37 | ||
| Cash Conversion | 85.24% | ||
| Profit Quality | 130.19% | ||
| Current Ratio | 1.55 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 1.41 |
F-Score5
WACC8.64%
ROIC/WACC0.98
Cap/Depr(3y)65.92%
Cap/Depr(5y)203.13%
Cap/Sales(3y)6.59%
Cap/Sales(5y)33.38%
Profit Quality(3y)97.26%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18.03%
EPS 3Y5.63%
EPS 5Y24.66%
EPS Q2Q%-3.17%
EPS Next Y-10.52%
EPS Next 2Y-5.8%
EPS Next 3Y-6.08%
EPS Next 5YN/A
Revenue 1Y (TTM)18.22%
Revenue growth 3Y37.96%
Revenue growth 5Y34.24%
Sales Q2Q%-6.35%
Revenue Next Year-23.13%
Revenue Next 2Y-13.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y19.73%
EBIT growth 3Y5.46%
EBIT growth 5Y18.54%
EBIT Next Year34.1%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-15.34%
FCF growth 3YN/A
FCF growth 5Y13.61%
OCF growth 1Y16.83%
OCF growth 3Y4.85%
OCF growth 5Y16.52%