Of note is the ratio of Costamare Inc's sales and general administrative expense to its total operating expenses; just 8.62% of US stocks have a lower such ratio.
For CMRE, its debt to operating expenses ratio is greater than that reported by 89.5% of US equities we're observing.
Costamare Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 24.8%, greater than the shareholder yield of 90.87% of stocks in our set.
Stocks with similar financial metrics, market capitalization, and price volatility to Costamare Inc are NVGS, GLOG, WPG, SRG, and GASS.
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 68th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 147.33%. In terms of the factors that were most noteworthy in this DCF analysis for CMRE, they are:
35% of the company's capital comes from equity, which is greater than only 12.72% 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 merely 0% of US stocks with positive free cash flow.
The weighted average cost of capital for the company is 8. This value is greater than merely 21.67% stocks in the Industrials sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SHYF, CLH, HNI, BV, and STN 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.
Citigroup double upgraded Costamare ([[CMRE]] +13.2%) to Buy from Sell, PT raised to $6.50 from $4.Analyst Christian Wetherbee believes that the recently improved containership fundamentals are likely to be sustained in the intermediate term, allowing strength in box rates to spill over to contract rates.YTD, stock has lost 46% vs. 18.5%...
Shares of Costamare (NYSE:CMRE) were unchanged in after-market trading after the company reported Q2 results.Quarterly Results Earnings per share were up 13.04% year over year to $0.26, which beat the estimate of $0.21.Revenue of $111,869,000 declined by 4.41% from the same period last year, which missed the estimate of $120,410,000.Outlook Costamare hasn't issued any earnings guidance for the time being.View more earnings on CMRERevenue guidance hasn't been issued by the company for now.Recent Stock Performance 52-week high: $10.8552-week low: $3.16Price action over last quarter: Up 1.99%Company Description Costamare Inc is an owner of containerships in Monaco. It provides marine transportation services by chartering its container vessels to liner operators under long, medium a...
MONACO, July 27, 2020 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the second quarter (“Q2 2020”) and six-months ended June 30, 2020. * Liquidity of $220.7 million as of end Q2 2020 (including our share of cash amounting to $19.6 million held in subsidiaries co-owned with York Capital Management Global Advisors LLC and an affiliated fund (collectively, together with the funds it manages or advises, “York”)). * Voyage Revenues of $111.9 million in Q2 2020. * Delivery on July 24, 2020 of the 12,690 TEU containership YM Triumph (ex Hull Nr YZJ2015-2057) the first of a series of five sister vessels ordered in May 2018. On July 25, 2020, the vessel commenced its ten-year charter with Yang Ming. ...