COSTAMARE INC (CMRE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CMRE - MHY1771G1026 - Common Stock
14.57 USD
+0.28 (+1.96%)
14.8 USD
+0.23 (+1.58%)
CMRE gets a fundamental rating of 6 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 may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, CMRE could be worth investigating further for value investing!.
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
With a decent Return On Assets value of 7.59%, CMRE is doing good in the industry, outperforming 77.78% of the companies in the same industry.
CMRE's Return On Equity of 14.56% is amongst the best of the industry. CMRE outperforms 80.56% of its industry peers.
CMRE has a Return On Invested Capital of 10.68%. This is amongst the best in the industry. CMRE outperforms 86.11% of its industry peers.
CMRE had an Average Return On Invested Capital over the past 3 years of 7.95%. This is significantly below the industry average of 18.49%.
The last Return On Invested Capital (10.68%) for CMRE is above the 3 year average (7.95%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.59% | ||
| ROE | 14.56% | ||
| ROIC | 10.68% |
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
Looking at the Profit Margin, with a value of 16.14%, CMRE is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
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 25.94%. This is in the better half of the industry: CMRE outperforms 72.22% of its industry peers.
CMRE's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 40.90%, CMRE is in line with its industry, outperforming 44.44% of the companies in the same industry.
CMRE's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.94% | ||
| PM (TTM) | 16.14% | ||
| GM | 40.9% |
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) just above the Cost of Capital (WACC), CMRE is creating some 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
An Altman-Z score of 1.81 indicates that CMRE is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.81, CMRE is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
CMRE has a debt to FCF ratio of 3.79. This is a good value and a sign of high solvency as CMRE would need 3.79 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.79, CMRE is doing good in the industry, outperforming 75.00% of the companies in the same industry.
A Debt/Equity ratio of 0.67 indicates that CMRE is somewhat dependend on debt financing.
The Debt to Equity ratio of CMRE (0.67) is worse than 63.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 3.79 | ||
| Altman-Z | 1.81 |
ROIC/WACC1.17
WACC9.12%
2.3 Liquidity
CMRE has a Current Ratio of 1.68. 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 1.68. This is comparable to the rest of the industry: CMRE outperforms 55.56% of its industry peers.
A Quick Ratio of 1.64 indicates that CMRE should not have too much problems paying its short term obligations.
The Quick ratio of CMRE (1.64) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.64 |
3. Growth
3.1 Past
CMRE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.35%.
Measured over the past years, CMRE shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.66% on average per year.
Looking at the last year, CMRE shows a very negative growth in Revenue. The Revenue has decreased by -29.19% in the last year.
Measured over the past years, CMRE shows a very strong growth in Revenue. The Revenue has been growing by 34.24% on average per year.
EPS 1Y (TTM)4.35%
EPS 3Y5.63%
EPS 5Y24.66%
EPS Q2Q%19.12%
Revenue 1Y (TTM)-29.19%
Revenue growth 3Y37.96%
Revenue growth 5Y34.24%
Sales Q2Q%-50.95%
3.2 Future
CMRE is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -5.25% yearly.
CMRE is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -25.86% yearly.
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
Based on the Price/Earnings ratio of 5.06, 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.
The average S&P500 Price/Earnings ratio is at 25.45. CMRE is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 5.25, which indicates a rather cheap valuation of CMRE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CMRE indicates a rather cheap valuation: CMRE is cheaper than 80.56% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CMRE to the average of the S&P500 Index (34.46), we can say CMRE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.06 | ||
| Fwd PE | 5.25 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CMRE indicates a somewhat cheap valuation: CMRE is cheaper than 63.89% of the companies listed 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 | 4.18 | ||
| EV/EBITDA | 4.59 |
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)1.38
PEG (5Y)0.21
EPS Next 2Y0.08%
EPS Next 3Y-5.25%
5. Dividend
5.1 Amount
CMRE has a Yearly Dividend Yield of 3.22%.
CMRE's Dividend Yield is a higher than the industry average which is at 7.61.
Compared to an average S&P500 Dividend Yield of 2.42, CMRE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
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
27.58% of the earnings are spent on dividend by CMRE. This is a low number and sustainable payout ratio.
DP27.58%
EPS Next 2Y0.08%
EPS Next 3Y-5.25%
14.57
+0.28 (+1.96%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners28.38%
Inst Owner Change-2.13%
Ins Owners63.37%
Ins Owner ChangeN/A
Market Cap1.75B
Revenue(TTM)1.44B
Net Income(TTM)283.63M
Analysts45.71
Price Target12.5 (-14.21%)
Short Float %3.35%
Short Ratio2.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
Yearly Dividend0.62
Dividend Growth(5Y)3.69%
DP27.58%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.4%
Min EPS beat(2)12.67%
Max EPS beat(2)16.12%
EPS beat(4)4
Avg EPS beat(4)9.26%
Min EPS beat(4)4.07%
Max EPS beat(4)16.12%
EPS beat(8)7
Avg EPS beat(8)5.92%
EPS beat(12)9
Avg EPS beat(12)2.14%
EPS beat(16)11
Avg EPS beat(16)1.31%
Revenue beat(2)2
Avg Revenue beat(2)3.19%
Min Revenue beat(2)1.73%
Max Revenue beat(2)4.66%
Revenue beat(4)4
Avg Revenue beat(4)12.79%
Min Revenue beat(4)1.73%
Max Revenue beat(4)30.49%
Revenue beat(8)8
Avg Revenue beat(8)23.07%
Revenue beat(12)11
Avg Revenue beat(12)19.13%
Revenue beat(16)12
Avg Revenue beat(16)13.97%
PT rev (1m)20.69%
PT rev (3m)20.69%
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)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)9.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.06 | ||
| Fwd PE | 5.25 | ||
| P/S | 1 | ||
| P/FCF | 4.18 | ||
| P/OCF | 3.23 | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 4.59 |
EPS(TTM)2.88
EY19.77%
EPS(NY)2.77
Fwd EY19.04%
FCF(TTM)3.49
FCFY23.92%
OCF(TTM)4.52
OCFY31%
SpS14.61
BVpS16.2
TBVpS16.2
PEG (NY)1.38
PEG (5Y)0.21
Graham Number32.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.59% | ||
| ROE | 14.56% | ||
| ROCE | 13.52% | ||
| ROIC | 10.68% | ||
| ROICexc | 12.59% | ||
| ROICexgc | 12.59% | ||
| OM | 25.94% | ||
| PM (TTM) | 16.14% | ||
| GM | 40.9% | ||
| FCFM | 23.86% |
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%
ROICexgc growth 3Y6.65%
ROICexgc 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-Score8
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 3.79 | ||
| Debt/EBITDA | 2.17 | ||
| Cap/Depr | 84.58% | ||
| Cap/Sales | 7.06% | ||
| Interest Coverage | 3.78 | ||
| Cash Conversion | 90.18% | ||
| Profit Quality | 147.81% | ||
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.64 | ||
| Altman-Z | 1.81 |
F-Score8
WACC9.12%
ROIC/WACC1.17
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)4.35%
EPS 3Y5.63%
EPS 5Y24.66%
EPS Q2Q%19.12%
EPS Next Y3.66%
EPS Next 2Y0.08%
EPS Next 3Y-5.25%
EPS Next 5YN/A
Revenue 1Y (TTM)-29.19%
Revenue growth 3Y37.96%
Revenue growth 5Y34.24%
Sales Q2Q%-50.95%
Revenue Next Year-39.71%
Revenue Next 2Y-34.01%
Revenue Next 3Y-25.86%
Revenue Next 5YN/A
EBIT growth 1Y5.8%
EBIT growth 3Y5.46%
EBIT growth 5Y18.54%
EBIT Next Year32.9%
EBIT Next 3Y3.29%
EBIT Next 5YN/A
FCF growth 1Y18.6%
FCF growth 3YN/A
FCF growth 5Y13.61%
OCF growth 1Y46.91%
OCF growth 3Y4.85%
OCF growth 5Y16.52%
COSTAMARE INC / CMRE FAQ
What is the ChartMill fundamental rating of COSTAMARE INC (CMRE) stock?
ChartMill assigns a fundamental rating of 5 / 10 to CMRE.
What is the valuation status of COSTAMARE INC (CMRE) stock?
ChartMill assigns a valuation rating of 8 / 10 to COSTAMARE INC (CMRE). This can be considered as Undervalued.
How profitable is COSTAMARE INC (CMRE) stock?
COSTAMARE INC (CMRE) has a profitability rating of 6 / 10.
What is the valuation of COSTAMARE INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for COSTAMARE INC (CMRE) is 5.06 and the Price/Book (PB) ratio is 0.9.
How sustainable is the dividend of COSTAMARE INC (CMRE) stock?
The dividend rating of COSTAMARE INC (CMRE) is 5 / 10 and the dividend payout ratio is 27.58%.