COSTAMARE INC (CMRE) Stock Fundamental Analysis
USA - NYSE:CMRE - MHY1771G1026 - Common Stock
11.94 USD
-0.18 (-1.49%)
11.9 USD
-0.04 (-0.34%)
CMRE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 35 industry peers in the Marine Transportation industry. CMRE has an average financial health and profitability rating. CMRE is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
In the past 5 years CMRE always reported a positive cash flow from operatings.
1.2 Ratios
CMRE has a better Return On Assets (5.68%) than 71.43% of its industry peers.
Looking at the Return On Equity, with a value of 11.27%, CMRE is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
CMRE's Return On Invested Capital of 8.46% is fine compared to the rest of the industry. CMRE outperforms 77.14% 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 7.39%.
The 3 year average ROIC (7.95%) for CMRE is below the current ROIC(8.46%), indicating increased profibility in the last year.
| 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 better Profit Margin (14.19%) than 62.86% of its industry peers.
In the last couple of years the Profit Margin of CMRE has remained more or less at the same level.
With a decent Operating Margin value of 22.94%, CMRE is doing good in the industry, outperforming 65.71% of the companies in the same industry.
In the last couple of years the Operating Margin of CMRE has declined.
CMRE has a Gross Margin of 36.75%. This is comparable to the rest of the industry: CMRE outperforms 45.71% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CMRE is destroying value.
CMRE has more 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
CMRE has an Altman-Z score of 1.51. This is a bad value and indicates that CMRE is not financially healthy and even has some risk of bankruptcy.
CMRE's Altman-Z score of 1.51 is fine compared to the rest of the industry. CMRE outperforms 68.57% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 5.34, CMRE is in the better half of the industry, outperforming 65.71% of the companies in the same industry.
A Debt/Equity ratio of 0.64 indicates that CMRE is somewhat dependend on debt financing.
CMRE's Debt to Equity ratio of 0.64 is on the low side compared to the rest of the industry. CMRE is outperformed by 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.34 | ||
| Altman-Z | 1.51 |
ROIC/WACC0.91
WACC9.27%
2.3 Liquidity
A Current Ratio of 1.55 indicates that CMRE should not have too much problems paying its short term obligations.
CMRE's Current ratio of 1.55 is in line compared to the rest of the industry. CMRE outperforms 45.71% of its industry peers.
A Quick Ratio of 1.47 indicates that CMRE should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.47, CMRE perfoms like the industry average, outperforming 57.14% 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 8.27%, 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 decreased by -6.83% in the past year.
The Revenue has been growing by 34.24% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)8.27%
EPS 3Y5.63%
EPS 5Y24.66%
EPS Q2Q%0%
Revenue 1Y (TTM)-6.83%
Revenue growth 3Y37.96%
Revenue growth 5Y34.24%
Sales Q2Q%-54.37%
3.2 Future
The Earnings Per Share is expected to decrease by -5.25% 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 -25.86% on average per year.
EPS Next Y3.66%
EPS Next 2Y0.08%
EPS Next 3Y-5.25%
EPS Next 5YN/A
Revenue Next Year-39.71%
Revenue Next 2Y-34.01%
Revenue Next 3Y-25.86%
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
A Price/Earnings ratio of 4.34 indicates a rather cheap valuation of CMRE.
Based on the Price/Earnings ratio, CMRE is valued a bit cheaper than the industry average as 77.14% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.86. CMRE is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 4.30 indicates a rather cheap valuation of CMRE.
CMRE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CMRE is cheaper than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.29, CMRE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.34 | ||
| Fwd PE | 4.3 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CMRE is valued a bit cheaper than the industry average as 65.71% of the companies are valued more expensively.
82.86% 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 | 3.78 | ||
| EV/EBITDA | 4.07 |
4.3 Compensation for Growth
CMRE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CMRE has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as CMRE's earnings are expected to decrease with -5.25% in the coming years.
PEG (NY)1.19
PEG (5Y)0.18
EPS Next 2Y0.08%
EPS Next 3Y-5.25%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.62%, CMRE has a reasonable but not impressive dividend return.
CMRE's Dividend Yield is a higher than the industry average which is at 6.59.
CMRE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
5.2 History
The dividend of CMRE has a limited annual growth rate of 3.69%.
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)3.69%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
26.19% of the earnings are spent on dividend by CMRE. This is a low number and sustainable payout ratio.
DP26.19%
EPS Next 2Y0.08%
EPS Next 3Y-5.25%
11.94
-0.18 (-1.49%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners28.38%
Inst Owner Change-15.28%
Ins Owners63.37%
Ins Owner ChangeN/A
Market Cap1.44B
Analysts45.71
Price Target10.35 (-13.32%)
Short Float %3.15%
Short Ratio2.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
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)0%
PT rev (3m)1.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-50.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.34 | ||
| Fwd PE | 4.3 | ||
| P/S | 0.7 | ||
| P/FCF | 3.78 | ||
| P/OCF | 2.65 | ||
| P/B | 0.56 | ||
| P/tB | 0.56 | ||
| EV/EBITDA | 4.07 |
EPS(TTM)2.75
EY23.03%
EPS(NY)2.77
Fwd EY23.24%
FCF(TTM)3.16
FCFY26.43%
OCF(TTM)4.51
OCFY37.8%
SpS17.08
BVpS21.51
TBVpS21.51
PEG (NY)1.19
PEG (5Y)0.18
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 | 1.51 |
F-Score5
WACC9.27%
ROIC/WACC0.91
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)8.27%
EPS 3Y5.63%
EPS 5Y24.66%
EPS Q2Q%0%
EPS Next Y3.66%
EPS Next 2Y0.08%
EPS Next 3Y-5.25%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.83%
Revenue growth 3Y37.96%
Revenue growth 5Y34.24%
Sales Q2Q%-54.37%
Revenue Next Year-39.71%
Revenue Next 2Y-34.01%
Revenue Next 3Y-25.86%
Revenue Next 5YN/A
EBIT growth 1Y19.73%
EBIT growth 3Y5.46%
EBIT growth 5Y18.54%
EBIT Next Year32.9%
EBIT Next 3Y3.29%
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%