Costamare Financials

CMRE Stock  USD 14.29  0.23  1.64%   
Based on the measurements of operating efficiency obtained from Costamare's historical financial statements, Costamare may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. At present, Costamare's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Current Deferred Revenue is expected to grow to about 54.8 M, whereas Short and Long Term Debt Total is forecasted to decline to about 1.9 B. Key indicators impacting Costamare's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Operating Income491.4 M468 M
Sufficiently Up
Slightly volatile
Current Ratio1.771.6863
Sufficiently Up
Slightly volatile
Investors should never underestimate Costamare's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Costamare's cash flow, debt, and profitability to make informed and accurate decisions about investing in Costamare.

Net Income

405.04 Million

  
Understanding current and past Costamare Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Costamare's financial statements are interrelated, with each one affecting the others. For example, an increase in Costamare's assets may result in an increase in income on the income statement.
Please note, the presentation of Costamare's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Costamare's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Costamare's management manipulating its earnings.

Costamare Stock Summary

Costamare competes with Star Bulk, TOP Ships, Seanergy Maritime, Performance Shipping, and Globus Maritime. Costamare Inc. owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. Costamare operates under Marine Shipping classification in the United States and is traded on New York Stock Exchange. It employs 2750 people.
Specialization
Industrials, Marine Shipping
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINMHY1771G1026
CUSIPY1771G102
LocationMonaco
Business Address7 Rue du
SectorMarine Transportation
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.costamare.com
Phone377 93 25 09 40
CurrencyUSD - US Dollar

Costamare Key Financial Ratios

Costamare Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets3.0B3.0B4.4B4.9B5.3B3.2B
Other Current Liab22.4M7.4M21.6M58.6M53.1M43.9M
Other Liab7.9M29.6M33.9M51.7M46.5M41.7M
Net Debt1.4B1.4B2.3B1.9B1.9B1.7B
Retained Earnings60.6M(9.7M)341.5M746.7M1.0B1.1B
Accounts Payable6.2M7.6M18.9M18.2M46.8M49.1M
Cash148.9M143.9M276.0M718.0M756.2M794.0M
Other Assets71.2M79.2M118.9M193.3M222.3M233.4M
Long Term Debt1.2B1.3B2.2B2.3B2.0B1.6B
Net Receivables16.6M8.2M27.9M41.0M84.7M88.9M
Inventory10.5M10.5M21.4M28.0M61.3M64.3M
Other Current Assets8.6M29.5M100.9M126.9M181.3M190.3M
Total Liab1.6B1.7B2.7B2.7B2.8B2.1B
Total Current Assets197.2M192.1M426.1M1.0B1.1B1.2B
Short Term Debt227.6M180.1M305.7M321.1M510.7M536.2M
Short Long Term Debt210.7M147.1M272.4M320.1M347.0M307.7M
Net Tangible Assets1.4B1.3B1.7B2.2B2.5B1.5B

Costamare Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense89.0M63.3M86.0M122.2M163.0M90.7M
Total Revenue478.1M460.3M793.6M1.1B1.5B1.6B
Gross Profit229.0M211.6M441.9M600.7M436.4M304.7M
Operating Income100.1M194.1M278.0M380.2M468.0M491.4M
Ebit91.4M60.1M501.9M673.8M544.0M571.2M
Ebitda213.8M177.8M649.3M853.3M730.1M766.6M
Cost Of Revenue249.1M248.7M351.8M513.2M1.1B1.1B
Income Before Tax99.0M8.9M435.1M554.7M381.0M400.1M
Net Income99.0M(71.8M)435.1M555.0M385.7M405.0M
Income Tax Expense(12.5M)80.6M(33.0M)(166.2M)(5.5M)(5.2M)
Interest Income3.3M1.8M1.6M6.0M30.4M31.9M
Net Interest Income(87.5M)(66.9M)(84.5M)(116.3M)(115.9M)(121.7M)

Costamare Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory474K91K(9.9M)(6.7M)(33.0M)(31.3M)
Change In Cash29.4M(4.0M)161.6M458.0M28.4M54.8M
Free Cash Flow188.4M172.4M(525.6M)519.7M226.3M237.7M
Depreciation113.7M108.9M136.5M166.2M186.1M115.9M
Other Non Cash Items12.6M11.8M15.9M(104.8M)324.4M340.6M
Dividends Paid58.7M65.5M71.3M119.5M71.9M70.6M
Capital Expenditures62.0M101.9M992.1M61.9M83.5M79.3M
Net Income99.0M8.9M435.1M554.7M385.7M405.0M
End Period Cash Flow195.9M191.9M353.5M811.6M756.2M794.0M
Investments24.5M33.0M81.0M42.5M194.3M204.0M
Net Borrowings(139.2M)(149.6M)(165.1M)570.0M655.5M688.3M
Change To Netincome(5.7M)17.5M106.7M(111.8M)(100.6M)(95.6M)

Costamare Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Costamare's current stock value. Our valuation model uses many indicators to compare Costamare value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Costamare competition to find correlations between indicators driving Costamare's intrinsic value. More Info.
Costamare is rated third in return on equity category among its peers. It also is rated third in return on asset category among its peers reporting about  0.33  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Costamare is roughly  3.07 . At present, Costamare's Return On Equity is projected to increase slightly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Costamare by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Costamare Systematic Risk

Costamare's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Costamare volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Costamare correlated with the market. If Beta is less than 0 Costamare generally moves in the opposite direction as compared to the market. If Costamare Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Costamare is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Costamare is generally in the same direction as the market. If Beta > 1 Costamare moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Costamare Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Costamare's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Costamare growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.1)

At present, Costamare's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Costamare November 24, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Costamare help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Costamare. We use our internally-developed statistical techniques to arrive at the intrinsic value of Costamare based on widely used predictive technical indicators. In general, we focus on analyzing Costamare Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Costamare's daily price indicators and compare them against related drivers.

Complementary Tools for Costamare Stock analysis

When running Costamare's price analysis, check to measure Costamare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Costamare is operating at the current time. Most of Costamare's value examination focuses on studying past and present price action to predict the probability of Costamare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costamare's price. Additionally, you may evaluate how the addition of Costamare to your portfolios can decrease your overall portfolio volatility.
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