COSTAMARE INC (CMRE) Stock Fundamental Analysis
NYSE:CMRE - New York Stock Exchange, Inc. - MHY1771G1026 - Common Stock - Currency: USD
CMRE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 36 industry peers in the Marine Transportation industry. CMRE has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on CMRE.
1. Profitability
1.1 Basic Checks
In the past year CMRE was profitable.
In the past year CMRE had a positive cash flow from operations.
CMRE had positive earnings in 4 of the past 5 years.
CMRE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CMRE has a Return On Assets of 5.68%. This is in the better half of the industry: CMRE outperforms 69.44% of its industry peers.
The Return On Equity of CMRE (11.27%) is better than 66.67% of its industry peers.
The Return On Invested Capital of CMRE (8.46%) is better than 69.44% of its industry peers.
CMRE had an Average Return On Invested Capital over the past 3 years of 7.95%. This is in line with the industry average of 9.67%.
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
With a Profit Margin value of 14.19%, CMRE perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
CMRE's Profit Margin has been stable in the last couple of years.
With a decent Operating Margin value of 22.94%, CMRE is doing good in the industry, outperforming 63.89% of the companies in the same industry.
CMRE's Operating Margin has declined in the last couple of years.
CMRE has a worse Gross Margin (36.75%) than 61.11% 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.
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.
Compared to 1 year ago, CMRE has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.44, we must say that CMRE is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.44, CMRE is doing good in the industry, outperforming 63.89% 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.
The Debt to FCF ratio of CMRE (5.34) is better than 66.67% 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.
The Debt to Equity ratio of CMRE (0.64) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.34 | ||
| Altman-Z | 1.44 |
ROIC/WACC0.94
WACC9.04%
2.3 Liquidity
A Current Ratio of 1.55 indicates that CMRE should not have too much problems paying its short term obligations.
CMRE has a Current ratio (1.55) which is comparable to the rest of the industry.
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 61.11% 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.
Looking at the last year, CMRE shows a quite strong growth in Revenue. The Revenue has grown by 18.22% in the last year.
CMRE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.24% yearly.
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
CMRE is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.08% yearly.
Based on estimates for the next years, CMRE will show a very negative growth in Revenue. The Revenue will decrease by -23.97% on average per year.
EPS Next Y3.84%
EPS Next 2Y5.8%
EPS Next 3Y-6.08%
EPS Next 5YN/A
Revenue Next Year-45.06%
Revenue Next 2Y-29.75%
Revenue Next 3Y-23.97%
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 3.67, the valuation of CMRE can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of CMRE indicates a rather cheap valuation: CMRE is cheaper than 80.56% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.25, CMRE is valued rather cheaply.
CMRE is valuated cheaply with a Price/Forward Earnings ratio of 3.25.
Based on the Price/Forward Earnings ratio, CMRE is valued cheaply inside the industry as 94.44% of the companies are valued more expensively.
CMRE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.67 | ||
| Fwd PE | 3.25 |
4.2 Price Multiples
CMRE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CMRE is cheaper than 72.22% of the companies in the same industry.
CMRE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CMRE is cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.19 | ||
| EV/EBITDA | 3.61 |
4.3 Compensation for Growth
CMRE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CMRE's earnings are expected to decrease with -6.08% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.96
PEG (5Y)0.15
EPS Next 2Y5.8%
EPS Next 3Y-6.08%
5. Dividend
5.1 Amount
CMRE has a Yearly Dividend Yield of 4.82%, which is a nice return.
CMRE's Dividend Yield is a higher than the industry average which is at 7.03.
CMRE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
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.
CMRE has decreased its dividend 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 2Y5.8%
EPS Next 3Y-6.08%
10.09
+0.54 (+5.65%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners28.34%
Inst Owner Change6.77%
Ins Owners63.53%
Ins Owner ChangeN/A
Market Cap1.21B
Analysts43.33
Price Target10.2 (1.09%)
Short Float %3.47%
Short Ratio3.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
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)-20%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.2%
EPS NY rev (1m)0%
EPS NY rev (3m)12.13%
Revenue NQ rev (1m)-50.8%
Revenue NQ rev (3m)-50.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.67 | ||
| Fwd PE | 3.25 | ||
| P/S | 0.59 | ||
| P/FCF | 3.19 | ||
| P/OCF | 2.23 | ||
| P/B | 0.47 | ||
| P/tB | 0.47 | ||
| EV/EBITDA | 3.61 |
EPS(TTM)2.75
EY27.25%
EPS(NY)3.1
Fwd EY30.73%
FCF(TTM)3.16
FCFY31.35%
OCF(TTM)4.52
OCFY44.84%
SpS17.13
BVpS21.57
TBVpS21.57
PEG (NY)0.96
PEG (5Y)0.15
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 | 1.44 |
F-Score5
WACC9.04%
ROIC/WACC0.94
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 Y3.84%
EPS Next 2Y5.8%
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-45.06%
Revenue Next 2Y-29.75%
Revenue Next 3Y-23.97%
Revenue Next 5YN/A
EBIT growth 1Y19.73%
EBIT growth 3Y5.46%
EBIT growth 5Y18.54%
EBIT Next Year39.92%
EBIT Next 3Y3.67%
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%