CMRE Stock Analysis: Costamare | NYSE
Marine Shipping | NYSE, USA | Market Cap: 1.666m USD | 12M Return: 24.6% | MHY1771G1026 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.02M
EPS Trend: 79.2%
Qual. Beats: 0
Rev. Trend: -61.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Costamare Inc. (NYSE: CMRE) is a Monaco-based shipping company that operates a dual-segment fleet of containerships and dry bulk vessels, with a combined fleet of 79 containerships and 38 dry bulk vessels as of February 2026. The company generates revenue by chartering its containerships primarily to liner companies and its dry bulk vessels to various charterers, making it a vessel owner/operator rather than a direct cargo shipper. Founded in 1974 and publicly listed since 2010, Costamare is classified within the Marine Transportation sub-industry and operates at a small-cap market value of approximately $1.8 billion USD.
Costamare operates within the global maritime transportation industry, where containerships typically transport finished goods in standardized containers along major trade routes, while dry bulk vessels carry unpackaged commodities such as iron ore, coal, and grain. The company employs a chartering business model, leasing its vessels to liner companies and other charterers under time or voyage charters, which provides relatively predictable cash flow but exposes the business to global trade volumes, charter rate volatility, and fuel costs.
- Container charter rates spike on Red Sea route diversions
- Dry bulk vessel demand rises on China iron ore imports
- Long-term liner charters lock in stable containership cash flows
| Net Income: 338.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -17.27 > 1.0 |
| NWC/Revenue: 26.97% < 20% (prev 14.27%; Δ 12.70% < -1%) |
| CFO/TA 0.12 > 3% & CFO 467.9m > Net Income 338.8m |
| Net Debt (1.12b) to EBITDA (542.0m): 2.07 < 3 |
| Current Ratio: 1.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (120.7m) vs 12m ago 0.52% < -2% |
| Gross Margin: 57.41% > 18% (prev 30.36%; Δ 27.04% > 0.5%) |
| Asset Turnover: 21.67% > 50% (prev 46.81%; Δ -25.14% > 0%) |
| Interest Coverage Ratio: 5.25 > 6 (EBIT TTM 404.8m / Interest Expense TTM 77.2m) |
| A: 0.06 (Total Current Assets 598.1m - Total Current Liabilities 371.7m) / Total Assets 4.01b |
| B: 0.25 (Retained Earnings 993.6m / Total Assets 4.01b) |
| C: 0.10 (EBIT TTM 404.8m / Avg Total Assets 3.87b) |
| D: 1.29 (Book Value of Equity 2.22b / Total Liabilities 1.72b) |
| Altman-Z'' = 3.24 = A |
| DSRI: 2.42 (Receivables 33.5m/28.9m, Revenue 839.5m/1.75b) |
| GMI: 0.53 (GM 30.36% / 57.41%) |
| AQI: 0.96 (AQ_t 0.11 / AQ_t-1 0.11) |
| SGI: 0.48 (Revenue 839.5m / 1.75b) |
| TATA: -0.03 (NI 338.8m - CFO 467.9m) / TA 4.01b) |
| Beneish M = -2.68 (Cap -4..+1) = A |
As of October 27, 2026, the stock is trading at USD 13.93 with a total of 506,443 shares traded. Over the past week, the price has changed by +2.16%, over one month by -4.50%, over three months by -10.00% and over the past year by +24.58%.
Current recommended Stop Loss: 13.20 (which is 5.2% or 1.6 ATR below the current price).
Costamare has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy CMRE.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 20 | 43.6% |
P/E Trailing = 5.2197
P/E Forward = 15.0602
P/S = 1.943
P/B = 0.7996
P/EG = 2.3952
Revenue TTM = 839.5m USD
EBIT TTM = 404.8m USD
EBITDA TTM = 542.0m USD
Long Term Debt = 1.27b USD (from longTermDebt, last quarter)
Short Term Debt = 231.7m USD (from shortTermDebt, last quarter)
Debt = 1.50b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.12b USD (calculated: Debt 1.50b - CCE 380.4m)
Enterprise Value = 2.79b USD (1.67b + Debt 1.50b - CCE 380.4m)
Interest Coverage Ratio = 5.25 (Ebit TTM 404.8m / Interest Expense TTM 77.2m)
EV/FCF = -20.92x (Enterprise Value 2.79b / FCF TTM -133.3m)
FCF Yield = -4.78% (FCF TTM -133.3m / Enterprise Value 2.79b)
FCF Margin = -15.88% (FCF TTM -133.3m / Revenue TTM 839.5m)
Net Margin = 40.36% (Net Income TTM 338.8m / Revenue TTM 839.5m)
Gross Margin = 57.41% ((Revenue TTM 839.5m - Cost of Revenue TTM 357.6m) / Revenue TTM)
Gross Margin QoQ = 51.15% (prev 51.17%)
Tobins Q-Ratio = 0.70 (Enterprise Value 2.79b / Total Assets 4.01b)
Interest Expense / Debt = 5.13% (Interest Expense 77.2m / Debt 1.50b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 319.8m (EBIT 404.8m * (1 - 21.00%))
Current Ratio = 1.61 (Total Current Assets 598.1m / Total Current Liabilities 371.7m)
Debt / Equity = 0.68 (Debt 1.50b / totalStockholderEquity, last quarter 2.22b)
Debt / EBITDA = 2.07 (Net Debt 1.12b / EBITDA 542.0m)
Debt / FCF = -8.43 (negative FCF - burning cash) (Net Debt 1.12b / FCF TTM -133.3m)
Total Stockholder Equity = 2.12b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.75% (Net Income 338.8m / Total Assets 4.01b)
RoE = 15.97% (Net Income TTM 338.8m / Total Stockholder Equity 2.12b)
RoCE = 11.93% (EBIT 404.8m / Capital Employed (Equity 2.12b + L.T.Debt 1.27b))
RoIC = 8.36% (NOPAT 319.8m / Invested Capital 3.83b)
WACC = 5.71% (E(1.67b)/V(3.17b) * Re(7.21%) + D(1.50b)/V(3.17b) * Rd(5.13%) * (1-Tc(0.21)))
Discount Rate = 7.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.30 | Cagr: 0.79%
[DCF] Fair Price = unknown (Cash Flow -133.3m)
EPS Correlation: 79.20 | EPS CAGR: 11.31% | SUE: -0.55 | # QB: 0
Revenue Correlation: -61.46 | Revenue CAGR: -17.31% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.66 | Chg30d=-1.49% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=2.74 | Chg30d=+0.74% | Revisions=+25% | GrowthEPS=-12.2% | GrowthRev=+6.4%
EPS next Year (2027-12-31): EPS=2.78 | Chg30d=+6.51% | Revisions=+25% | GrowthEPS=+1.5% | GrowthRev=-0.3%