(CMRE) Costamare - Overview
Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 2.114m USD | Total Return: 103.8% in 12m
Containerships, Dry Bulk Vessels, Shipping Services
Total Rating 58
Safety 76
Buy Signal -0.17
Marine Shipping
Industry Rotation: +11.0
Industry Rotation: +11.0
Market Cap:
2.11B
Avg Turnover: 7.49M
Avg Turnover: 7.49M
Risk 3d forecast
Volatility36.6%
VaR 5th Pctl6.34%
VaR vs Median5.13%
Reward TTM
Sharpe Ratio2.27
Rel. Str. IBD82.2
Rel. Str. Peer Group50
Character TTM
Beta0.795
Beta Downside0.622
Hurst Exponent0.511
Drawdowns 3y
Max DD57.81%
CAGR/Max DD0.53
CAGR/Mean DD1.81
EPS (Earnings per Share)
EPS CAGR: -10.37%
EPS Trend: 3.5%
EPS Trend: 3.5%
Last SUE: -0.62
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: -9.32%
Rev. Trend: -21.4%
Rev. Trend: -21.4%
Last SUE: 0.04
Qual. Beats: 0
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: CMRE Costamare
Costamare Inc. (NYSE: CMRE) is a Monaco-based marine transportation provider specializing in the ownership and operation of containerships and dry bulk vessels. The company functions primarily through long-term time charters with global liner companies and commodity traders, providing essential infrastructure for international trade routes.
The business model relies on staggered charter expirations to mitigate market volatility and ensure consistent cash flow. In the marine transportation sector, containership operators typically benefit from fixed-rate contracts, while dry bulk performance is closely tied to global industrial production and infrastructure demand. As of February 2026, the company maintained a diversified fleet consisting of 79 containerships and 38 dry bulk vessels.
To better understand the companys valuation relative to its shipping peers, consider reviewing the detailed metrics available on ValueRay. Founded in 1974, Costamare remains a significant player in the mid-to-large size vessel segments of the maritime industry.
- Long-term charter coverage provides predictable cash flow and dividend stability
- Container shipping demand fluctuates with global trade and consumer spending
- Dry bulk fleet expansion increases exposure to volatile spot market rates
- Global maritime decarbonization mandates drive fleet modernization and capital expenditures
- Rising interest rates impact debt servicing costs for capital-intensive vessel acquisitions
Piotroski VR‑10 (Strict)
4.5
| Net Income: 344.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.49 > 1.0 |
| NWC/Revenue: 44.36% < 20% (prev 22.62%; Δ 21.74% < -1%) |
| CFO/TA 0.03 > 3% & CFO 105.2m > Net Income 344.8m |
| Net Debt (911.3m) to EBITDA (569.6m): 1.60 < 3 |
| Current Ratio: 1.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (120.6m) vs 12m ago 0.53% < -2% |
| Gross Margin: 58.37% > 18% (prev 0.31%; Δ 5.81k% > 0.5%) |
| Asset Turnover: 18.77% > 50% (prev 34.27%; Δ -15.50% > 0%) |
| Interest Coverage Ratio: 5.31 > 6 (EBITDA TTM 569.6m / Interest Expense TTM 81.9m) |
Altman Z''
2.63
| A: 0.10 (Total Current Assets 769.1m - Total Current Liabilities 392.2m) / Total Assets 3.92b |
| B: 0.24 (Retained Earnings 930.0m / Total Assets 3.92b) |
| C: 0.10 (EBIT TTM 434.4m / Avg Total Assets 4.53b) |
| D: 0.55 (Book Value of Equity 936.8m / Total Liabilities 1.70b) |
| Altman-Z'' Score: 2.63 = A |
Beneish M
-3.55
| DSRI: 0.87 (Receivables 29.6m/70.1m, Revenue 849.6m/1.76b) |
| GMI: 0.53 (GM 58.37% / 31.12%) |
| AQI: 1.52 (AQ_t 0.11 / AQ_t-1 0.07) |
| SGI: 0.48 (Revenue 849.6m / 1.76b) |
| TATA: 0.06 (NI 344.8m - CFO 105.2m) / TA 3.92b) |
| Beneish M-Score: -3.55 (Cap -4..+1) = AAA |
What is the price of CMRE shares?
As of May 16, 2026, the stock is trading at USD 17.17 with a total of 408,546 shares traded.
Over the past week, the price has changed by -2.55%, over one month by +0.25%, over three months by +1.13% and over the past year by +103.79%.
Over the past week, the price has changed by -2.55%, over one month by +0.25%, over three months by +1.13% and over the past year by +103.79%.
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?
| Analysts Target Price | 21 | 22.3% |
Costamare (CMRE) - Fundamental Data Overview
as of 16 May 2026
P/E Trailing = 6.1943 P/E Forward = 15.0602
P/S = 2.4408
P/B = 0.9871
P/EG = 2.3952
Revenue TTM = 849.6m USD
EBIT TTM = 434.4m USD
EBITDA TTM = 569.6m USD
Long Term Debt = 1.24b USD (from longTermDebt, last quarter)
Short Term Debt = 254.3m USD (from shortTermDebt, last quarter)
Debt = 1.49b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 911.3m USD (from netDebt column, last quarter)
Enterprise Value = 3.01b USD (2.11b + Debt 1.49b - CCE 602.3m)
Interest Coverage Ratio = 5.31 (Ebit TTM 434.4m / Interest Expense TTM 81.9m)
EV/FCF = 22.68x (Enterprise Value 3.01b / FCF TTM 132.6m)
FCF Yield = 4.41% (FCF TTM 132.6m / Enterprise Value 3.01b)
FCF Margin = 15.60% (FCF TTM 132.6m / Revenue TTM 849.6m)
Net Margin = 40.59% (Net Income TTM 344.8m / Revenue TTM 849.6m)
Gross Margin = 58.37% ((Revenue TTM 849.6m - Cost of Revenue TTM 353.7m) / Revenue TTM)
Gross Margin QoQ = 51.17% (prev 53.81%)
Tobins Q-Ratio = 0.77 (Enterprise Value 3.01b / Total Assets 3.92b)
Interest Expense / Debt = 1.27% (Interest Expense 19.0m / Debt 1.49b)
Taxrate = 21.0% (US default 21%)
NOPAT = 343.2m (EBIT 434.4m * (1 - 21.00%))
Current Ratio = 1.96 (Total Current Assets 769.1m / Total Current Liabilities 392.2m)
Debt / Equity = 0.69 (Debt 1.49b / totalStockholderEquity, last quarter 2.15b)
Debt / EBITDA = 1.60 (Net Debt 911.3m / EBITDA 569.6m)
Debt / FCF = 6.88 (Net Debt 911.3m / FCF TTM 132.6m)
Total Stockholder Equity = 2.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.62% (Net Income 344.8m / Total Assets 3.92b)
RoE = 16.80% (Net Income TTM 344.8m / Total Stockholder Equity 2.05b)
RoCE = 13.19% (EBIT 434.4m / Capital Employed (Equity 2.05b + L.T.Debt 1.24b))
RoIC = 9.54% (NOPAT 343.2m / Invested Capital 3.60b)
WACC = 5.56% (E(2.11b)/V(3.61b) * Re(8.78%) + D(1.49b)/V(3.61b) * Rd(1.27%) * (1-Tc(0.21)))
Discount Rate = 8.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 0.95%
[DCF] Terminal Value 81.24% ; FCFF base≈199.9m ; Y1≈134.5m ; Y5≈64.7m
[DCF] Fair Price = 9.37 (EV 2.04b - Net Debt 911.3m = Equity 1.13b / Shares 120.6m; r=6.0% [WACC]; 5y FCF grow -38.18% → 3.0% )
EPS Correlation: 3.53 | EPS CAGR: -10.37% | SUE: -0.62 | # QB: 0
Revenue Correlation: -21.39 | Revenue CAGR: -9.32% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.48 | Chg30d=-27.27% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.67 | Chg30d=-2.90% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=2.74 | Chg30d=+0.74% | Revisions=+20% | GrowthEPS=-12.2% | GrowthRev=+4.5%
EPS next Year (2027-12-31): EPS=2.78 | Chg30d=+6.51% | Revisions=+20% | GrowthEPS=+1.5% | GrowthRev=+0.9%