COSTAMARE INC (CMRE) Stock Fundamental Analysis
NYSE:CMRE - New York Stock Exchange, Inc. - MHY1771G1026 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to CMRE. CMRE was compared to 32 industry peers in the Marine Transportation industry. CMRE has only an average score on both its financial health and profitability. CMRE is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CMRE was profitable.
CMRE had a positive operating cash flow in the past year.
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's Return On Assets of 5.68% is fine compared to the rest of the industry. CMRE outperforms 68.75% of its industry peers.
CMRE has a Return On Equity of 11.27%. This is in the better half of the industry: CMRE outperforms 68.75% of its industry peers.
With a decent Return On Invested Capital value of 8.46%, CMRE is doing good in the industry, outperforming 71.88% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CMRE is in line with the industry average of 7.64%.
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
The Profit Margin of CMRE (14.19%) is comparable to the rest of the industry.
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 62.50% of the companies in the same industry.
In the last couple of years the Operating Margin of CMRE has declined.
CMRE's Gross Margin of 36.75% is on the low side compared to the rest of the industry. CMRE is outperformed by 68.75% of its industry peers.
CMRE's Gross Margin has declined in the last couple of years.
| 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
CMRE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
CMRE has a better debt/assets ratio than last year.
2.2 Solvency
CMRE has an Altman-Z score of 1.43. 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 1.43, 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.
Looking at the Debt to FCF ratio, with a value of 5.34, CMRE is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
A Debt/Equity ratio of 0.64 indicates that CMRE is somewhat dependend on debt financing.
CMRE has a Debt to Equity ratio of 0.64. This is comparable to the rest of the industry: CMRE outperforms 46.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.34 | ||
| Altman-Z | 1.43 |
ROIC/WACC0.96
WACC8.82%
2.3 Liquidity
A Current Ratio of 1.55 indicates that CMRE should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.55, CMRE is in line with its industry, outperforming 53.13% of the companies in the same industry.
A Quick Ratio of 1.47 indicates that CMRE should not have too much problems paying its short term obligations.
CMRE has a Quick ratio of 1.47. This is in the better half of the industry: CMRE outperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.55 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.03% over the past year.
The Earnings Per Share has been growing by 24.66% on average over the past years. This is a very strong growth
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 -26.40% 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-44.65%
Revenue Next 2Y-26.4%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 3.34 indicates a rather cheap valuation of CMRE.
75.00% of the companies in the same industry are more expensive than CMRE, based on the Price/Earnings ratio.
CMRE is valuated cheaply when we compare the Price/Earnings ratio to 26.57, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 3.73, the valuation of CMRE can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CMRE indicates a somewhat cheap valuation: CMRE is cheaper than 78.13% of the companies listed in the same industry.
CMRE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.34 | ||
| Fwd PE | 3.73 |
4.2 Price Multiples
CMRE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CMRE is cheaper than 71.88% of the companies in the same industry.
87.50% 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 | 2.9 | ||
| EV/EBITDA | 3.54 |
4.3 Compensation for Growth
A cheap valuation may be justified as CMRE's earnings are expected to decrease with -6.08% in the coming years.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-5.8%
EPS Next 3Y-6.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.01%, CMRE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.11, CMRE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, CMRE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.01% |
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
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%
9.18
-0.08 (-0.86%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners28.34%
Inst Owner Change29.93%
Ins Owners63.53%
Ins Owner ChangeN/A
Market Cap1.10B
Analysts43.33
Price Target10.2 (11.11%)
Short Float %1.99%
Short Ratio1.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.01% |
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)-9.09%
PT rev (3m)-20%
EPS NQ rev (1m)14.53%
EPS NQ rev (3m)7.2%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-28%
Revenue NY rev (3m)-28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.34 | ||
| Fwd PE | 3.73 | ||
| P/S | 0.54 | ||
| P/FCF | 2.9 | ||
| P/OCF | 2.03 | ||
| P/B | 0.43 | ||
| P/tB | 0.43 | ||
| EV/EBITDA | 3.54 |
EPS(TTM)2.75
EY29.96%
EPS(NY)2.46
Fwd EY26.78%
FCF(TTM)3.16
FCFY34.46%
OCF(TTM)4.52
OCFY49.29%
SpS17.13
BVpS21.57
TBVpS21.57
PEG (NY)N/A
PEG (5Y)0.14
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 | 1.43 |
F-Score5
WACC8.82%
ROIC/WACC0.96
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-44.65%
Revenue Next 2Y-26.4%
Revenue Next 3YN/A
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%