Costamare Inc. $0.0001 par value (CMRE) Company Bio
Costamare Inc. provides worldwide marine transportation services by chartering its container vessels to the liner operators under long, medium and short-term time charters. The company was founded in 1975 and is based in Athens, Greece.
CMRE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Costamare Inc. To summarize, we found that Costamare Inc ranked in the 76th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 301.17%. The most interesting components of our discounted cash flow analysis for Costamare Inc ended up being:
27% of the company's capital comes from equity, which is greater than just 12.1% of stocks in our cash flow based forecasting set.
Costamare Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Relative to other stocks in its sector (Industrials), Costamare Inc has a reliance on debt greater than 88.24% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
HDS, DLHC, TPC, BGSF, and IIIN can be thought of as valuation peers to CMRE, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
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Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc. conference call on the first-quarter 2020 financial results. Initial blank sailings were followed by substantial capacity reductions in all major trades.
Shares of Costamare (NYSE:CMRE) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 125.00% year over year to $0.27, which were in line with the estimate of $0.27.Revenue of $121,404,000 higher by 7.46% year over year, which missed the estimate of $130,640,000.Outlook Costamare hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 29, 2020View more earnings on CMRETime: 01:01 AM ETWebcast URL: https://www.costamare.com/resultsTechnicals Company's 52-week high was at $10.85Company's 52-week low was at $3.16Price action over last quarter: down 37.88%Company Overview Costamare Inc is an owner of containerships in Monaco. It provides...