(CMRE) Costamare - Overview
Sector: IndustrialsIndustry: Marine Shipping | Exchange NYSE (USA) | Currency USD | Market Cap: 2.001m | Total Return 72.1% in 12m
Stock: Containerships, Dry-Bulk, Chartering
Total Rating 50
Risk 71
Buy Signal -0.96
| Risk 5d forecast | |
|---|---|
| Volatility | 35.2% |
| Relative Tail Risk | 0.06% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.38 |
| Alpha | 59.55 |
| Character TTM | |
|---|---|
| Beta | 0.891 |
| Beta Downside | 1.331 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.81% |
| CAGR/Max DD | 0.44 |
EPS (Earnings per Share)
Revenue
Description: CMRE Costamare February 26, 2026
Costamare Inc. (NYSE: CMRE) is a Monaco-based marine transportation company that owns and operates a global fleet of 68 containerships and 38 dry-bulk vessels, chartering them to liner companies and bulk cargo customers for worldwide freight services.
As of the latest quarter (Q3 2024), the company reported an adjusted EBITDA of $210 million and a fleet utilization rate of 93% for its containerships, while average daily charter rates for its dry-bulk vessels rose to $31,000, reflecting strong demand from commodity exporters.
Key drivers for Costamare include the resurgence of global trade volumes-container freight indices are up about 12% year-over-year-and robust Chinese steel production supporting dry-bulk demand, while a limited supply of new vessels keeps charter rates elevated.
For deeper insights, you might explore ValueRay’s analyst notes.
Headlines to watch out for
- Global trade volume impacts shipping demand
- Charter rates for containerships and dry bulk vessels
- Fuel prices directly affect operating costs
- Vessel acquisition and disposition strategies
- Interest rate changes influence financing costs
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 364.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.99 > 1.0 |
| NWC/Revenue: 26.69% < 20% (prev 16.49%; Δ 10.20% < -1%) |
| CFO/TA 0.06 > 3% & CFO 248.3m > Net Income 364.6m |
| Net Debt (986.9m) to EBITDA (572.4m): 1.72 < 3 |
| Current Ratio: 1.73 > 1.5 & < 3 |
| Outstanding Shares: last quarter (120.2m) vs 12m ago 0.33% < -2% |
| Gross Margin: 48.24% > 18% (prev 0.30%; Δ 4.79k% > 0.5%) |
| Asset Turnover: 24.29% > 50% (prev 34.70%; Δ -10.41% > 0%) |
| Interest Coverage Ratio: 3.79 > 6 (EBITDA TTM 572.4m / Interest Expense TTM 91.4m) |
Altman Z'' 2.28
| A: 0.08 (Total Current Assets 690.7m - Total Current Liabilities 398.6m) / Total Assets 3.86b |
| B: 0.22 (Retained Earnings 868.7m / Total Assets 3.86b) |
| C: 0.08 (EBIT TTM 346.3m / Avg Total Assets 4.51b) |
| D: 0.51 (Book Value of Equity 873.1m / Total Liabilities 1.70b) |
| Altman-Z'' Score: 2.28 = BBB |
Beneish M -3.71
| DSRI: 0.53 (Receivables 24.2m/75.3m, Revenue 1.09b/1.79b) |
| GMI: 0.62 (GM 48.24% / 30.12%) |
| AQI: 1.50 (AQ_t 0.11 / AQ_t-1 0.07) |
| SGI: 0.61 (Revenue 1.09b / 1.79b) |
| TATA: 0.03 (NI 364.6m - CFO 248.3m) / TA 3.86b) |
| Beneish M-Score: -3.71 (Cap -4..+1) = AAA |
What is the price of CMRE shares?
As of March 28, 2026, the stock is trading at USD 16.59 with a total of 175,331 shares traded.
Over the past week, the price has changed by -1.07%, over one month by -5.58%, over three months by +5.12% and over the past year by +72.10%.
Over the past week, the price has changed by -1.07%, over one month by -5.58%, over three months by +5.12% and over the past year by +72.10%.
Is CMRE a buy, sell or hold?
Costamare has received a consensus analysts rating of 3.00.
Therefor, it is recommend to hold CMRE.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CMRE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 17 | 2.5% |
| Analysts Target Price | 17 | 2.5% |
CMRE Fundamental Data Overview March 28, 2026
P/E Trailing = 5.3689
P/E Forward = 15.0602
P/S = 2.2788
P/B = 0.9694
P/EG = 2.3952
Revenue TTM = 1.09b USD
EBIT TTM = 346.3m USD
EBITDA TTM = 572.4m USD
Long Term Debt = 1.25b USD (from longTermDebt, last quarter)
Short Term Debt = 268.1m USD (from shortTermDebt, last quarter)
Debt = 1.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 986.9m USD (from netDebt column, last quarter)
Enterprise Value = 2.97b USD (2.00b + Debt 1.51b - CCE 547.2m)
Interest Coverage Ratio = 3.79 (Ebit TTM 346.3m / Interest Expense TTM 91.4m)
EV/FCF = 11.00x (Enterprise Value 2.97b / FCF TTM 269.8m)
FCF Yield = 9.09% (FCF TTM 269.8m / Enterprise Value 2.97b)
FCF Margin = 24.66% (FCF TTM 269.8m / Revenue TTM 1.09b)
Net Margin = 33.32% (Net Income TTM 364.6m / Revenue TTM 1.09b)
Gross Margin = 48.24% ((Revenue TTM 1.09b - Cost of Revenue TTM 566.4m) / Revenue TTM)
Gross Margin QoQ = 53.81% (prev 71.96%)
Tobins Q-Ratio = 0.77 (Enterprise Value 2.97b / Total Assets 3.86b)
Interest Expense / Debt = 1.16% (Interest Expense 17.6m / Debt 1.51b)
Taxrate = 21.0% (US default 21%)
NOPAT = 273.6m (EBIT 346.3m * (1 - 21.00%))
Current Ratio = 1.73 (Total Current Assets 690.7m / Total Current Liabilities 398.6m)
Debt / Equity = 0.73 (Debt 1.51b / totalStockholderEquity, last quarter 2.09b)
Debt / EBITDA = 1.72 (Net Debt 986.9m / EBITDA 572.4m)
Debt / FCF = 3.66 (Net Debt 986.9m / FCF TTM 269.8m)
Total Stockholder Equity = 2.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.09% (Net Income 364.6m / Total Assets 3.86b)
RoE = 16.86% (Net Income TTM 364.6m / Total Stockholder Equity 2.16b)
RoCE = 10.16% (EBIT 346.3m / Capital Employed (Equity 2.16b + L.T.Debt 1.25b))
RoIC = 7.13% (NOPAT 273.6m / Invested Capital 3.83b)
WACC = 5.59% (E(2.00b)/V(3.52b) * Re(9.12%) + D(1.51b)/V(3.52b) * Rd(1.16%) * (1-Tc(0.21)))
Discount Rate = 9.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.91%
[DCF] Terminal Value 81.24% ; FCFF base≈264.8m ; Y1≈178.2m ; Y5≈85.7m
[DCF] Fair Price = 14.25 (EV 2.71b - Net Debt 986.9m = Equity 1.72b / Shares 120.6m; r=6.0% [WACC]; 5y FCF grow -38.18% → 3.0% )
EPS Correlation: -5.80 | EPS CAGR: -8.58% | SUE: -2.10 | # QB: 0
Revenue Correlation: -1.65 | Revenue CAGR: -6.06% | SUE: -0.54 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.66 | Chg7d=-0.060 | Chg30d=-0.060 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=2.72 | Chg7d=-0.180 | Chg30d=-0.180 | Revisions Net=-1 | Growth EPS=-12.8% | Growth Revenue=+2.1%
EPS next Year (2027-12-31): EPS=2.61 | Chg7d=-0.190 | Chg30d=-0.190 | Revisions Net=-1 | Growth EPS=-4.0% | Growth Revenue=-1.9%
P/E Forward = 15.0602
P/S = 2.2788
P/B = 0.9694
P/EG = 2.3952
Revenue TTM = 1.09b USD
EBIT TTM = 346.3m USD
EBITDA TTM = 572.4m USD
Long Term Debt = 1.25b USD (from longTermDebt, last quarter)
Short Term Debt = 268.1m USD (from shortTermDebt, last quarter)
Debt = 1.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 986.9m USD (from netDebt column, last quarter)
Enterprise Value = 2.97b USD (2.00b + Debt 1.51b - CCE 547.2m)
Interest Coverage Ratio = 3.79 (Ebit TTM 346.3m / Interest Expense TTM 91.4m)
EV/FCF = 11.00x (Enterprise Value 2.97b / FCF TTM 269.8m)
FCF Yield = 9.09% (FCF TTM 269.8m / Enterprise Value 2.97b)
FCF Margin = 24.66% (FCF TTM 269.8m / Revenue TTM 1.09b)
Net Margin = 33.32% (Net Income TTM 364.6m / Revenue TTM 1.09b)
Gross Margin = 48.24% ((Revenue TTM 1.09b - Cost of Revenue TTM 566.4m) / Revenue TTM)
Gross Margin QoQ = 53.81% (prev 71.96%)
Tobins Q-Ratio = 0.77 (Enterprise Value 2.97b / Total Assets 3.86b)
Interest Expense / Debt = 1.16% (Interest Expense 17.6m / Debt 1.51b)
Taxrate = 21.0% (US default 21%)
NOPAT = 273.6m (EBIT 346.3m * (1 - 21.00%))
Current Ratio = 1.73 (Total Current Assets 690.7m / Total Current Liabilities 398.6m)
Debt / Equity = 0.73 (Debt 1.51b / totalStockholderEquity, last quarter 2.09b)
Debt / EBITDA = 1.72 (Net Debt 986.9m / EBITDA 572.4m)
Debt / FCF = 3.66 (Net Debt 986.9m / FCF TTM 269.8m)
Total Stockholder Equity = 2.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.09% (Net Income 364.6m / Total Assets 3.86b)
RoE = 16.86% (Net Income TTM 364.6m / Total Stockholder Equity 2.16b)
RoCE = 10.16% (EBIT 346.3m / Capital Employed (Equity 2.16b + L.T.Debt 1.25b))
RoIC = 7.13% (NOPAT 273.6m / Invested Capital 3.83b)
WACC = 5.59% (E(2.00b)/V(3.52b) * Re(9.12%) + D(1.51b)/V(3.52b) * Rd(1.16%) * (1-Tc(0.21)))
Discount Rate = 9.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.91%
[DCF] Terminal Value 81.24% ; FCFF base≈264.8m ; Y1≈178.2m ; Y5≈85.7m
[DCF] Fair Price = 14.25 (EV 2.71b - Net Debt 986.9m = Equity 1.72b / Shares 120.6m; r=6.0% [WACC]; 5y FCF grow -38.18% → 3.0% )
EPS Correlation: -5.80 | EPS CAGR: -8.58% | SUE: -2.10 | # QB: 0
Revenue Correlation: -1.65 | Revenue CAGR: -6.06% | SUE: -0.54 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.66 | Chg7d=-0.060 | Chg30d=-0.060 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=2.72 | Chg7d=-0.180 | Chg30d=-0.180 | Revisions Net=-1 | Growth EPS=-12.8% | Growth Revenue=+2.1%
EPS next Year (2027-12-31): EPS=2.61 | Chg7d=-0.190 | Chg30d=-0.190 | Revisions Net=-1 | Growth EPS=-4.0% | Growth Revenue=-1.9%