Is Costamare Stock a Good Investment?

Costamare Investment Advice

CMRE

To provide specific investment advice or recommendations on Costamare stock, we recommend investors consider the following general factors when evaluating Costamare. This will help you to make an informed decision on whether to include Costamare in one of your diversified portfolios:

Examine Costamare's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research Costamare's leadership team and their track record. Good management can help Costamare navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Marine Transportation space and any emerging trends that could impact Costamare's business and its evolving consumer preferences.
Compare Costamare's performance and market position to its competitors. Analyze how Costamare is positioned in terms of product offerings, innovation, and market share.
Check if Costamare pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about Costamare's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in Costamare stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Costamare is a good investment.

Sell

Buy

Cautious Hold

Our trade advice tool can cross-verify current analyst consensus on Costamare and to analyze the company potential to grow in the current economic cycle. To make sure Costamare is not overpriced, please confirm all Costamare fundamentals, including its price to sales, debt to equity, number of employees, as well as the relationship between the net income and short ratio . Given that Costamare has a price to earning of 2.92 X, we suggest you to validate Costamare market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Market Performance	Insignificant	Details
Volatility	Not too volatile	Details
Hype Condition	Stale	Details
Current Valuation	Overvalued	Details
Odds Of Distress	Very Low	Details
Economic Sensitivity	Follows the market closely	Details
Investor Sentiment	Alarmed	Details
Analyst Consensus	Hold	Details
Financial Strenth (F Score)	Strong	Details
Financial Leverage	Not Rated	Details
Reporting Quality (M-Score)	Possible Manipulator	Details

Examine Costamare Stock

Researching Costamare's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 64.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.7. Some equities with similar Price to Book (P/B) outperform the market in the long run. Costamare last dividend was issued on the 21st of October 2024.

To determine if Costamare is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Costamare's research are outlined below:

	Costamare has a strong financial position based on the latest SEC filings
	About 64.0% of the company shares are held by company insiders
	On 6th of November 2024 Costamare paid $ 0.115 per share dividend to its current shareholders
	Latest headline from simplywall.st: We Like These Underlying Return On Capital Trends At Costamare

Costamare Quarterly Cash And Short Term Investments

827.42 Million

Costamare uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Costamare. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Costamare's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	14th of February 2024 Upcoming Quarterly Report	View
	20th of May 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	14th of February 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

Earnings surprises can significantly impact Costamare's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Costamare's investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2019-01-23	2018-12-31	0.1	0.12	0.02	20
2018-01-23	2017-12-31	0.15	0.17	0.02	13
2017-07-25	2017-06-30	0.19	0.21	0.02	10
2019-04-22	2019-03-31	0.09	0.12	0.03	33
2018-07-24	2018-06-30	0.07	0.1	0.03	42
2017-01-26	2016-12-31	0.25	0.28	0.03	12
2013-01-23	2012-12-31	0.29	0.32	0.03	10
2020-01-28	2019-12-31	0.28	0.32	0.04	14

Know Costamare's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Costamare is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Costamare backward and forwards among themselves. Costamare's institutional investor refers to the entity that pools money to purchase Costamare's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

		Shares
Federated Hermes Inc	2024-09-30	739 K
Goldman Sachs Group Inc	2024-06-30	621.3 K
Empowered Funds, Llc	2024-06-30	543.6 K
Geode Capital Management, Llc	2024-06-30	515.9 K
Globeflex Capital, L.p.	2024-09-30	474.4 K
Charles Schwab Investment Management Inc	2024-09-30	434 K
Denali Advisors Llc	2024-06-30	430.5 K
Northern Trust Corp	2024-09-30	365.5 K
Marshall Wace Asset Management Ltd	2024-06-30	357.6 K
Dimensional Fund Advisors, Inc.	2024-09-30	7.4 M
Blackrock Inc	2024-06-30	2.5 M

Note, although Costamare's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Costamare's market capitalization trends

The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.74 B.

Market Cap

727.87 Million

Costamare's profitablity analysis

	Last Reported	Projected for Next Year
Return On Tangible Assets	0.07	0.04
Return On Capital Employed	0.10	0.09
Return On Assets	0.07	0.04
Return On Equity	0.16	0.17

The company has Profit Margin (PM) of 0.19 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.18 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.18.

Determining Costamare's profitability involves analyzing its financial statements and using various financial metrics to determine if Costamare is a good buy. For example, gross profit margin measures Costamare's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Costamare's profitability and make more informed investment decisions.

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.

Evaluate Costamare's management efficiency

Costamare has return on total asset (ROA) of 0.0516 % which means that it generated a profit of $0.0516 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1583 %, meaning that it created $0.1583 on every $100 dollars invested by stockholders. Costamare's management efficiency ratios could be used to measure how well Costamare manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.17, whereas Return On Tangible Assets are forecasted to decline to 0.04. At present, Costamare's Other Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 190.3 M, whereas Non Current Assets Total are forecasted to decline to about 2.9 B.

	Last Reported	Projected for Next Year
Book Value Per Share	20.28	21.29
Tangible Book Value Per Share	20.28	21.29
Enterprise Value Over EBITDA	4.31	4.09
Price Book Value Ratio	0.53	0.55
Enterprise Value Multiple	4.31	4.09
Price Fair Value	0.53	0.55
Enterprise Value	3.1 B	1.9 B

The strategic initiatives led by Costamare's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.

Dividend Yield

0.0317

Forward Dividend Yield

0.0317

Forward Dividend Rate

0.46

Beta

1.373

Basic technical analysis of Costamare Stock

As of the 21st of November, Costamare shows the Downside Deviation of 2.32, risk adjusted performance of 0.0413, and Mean Deviation of 1.62. Costamare technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Costamare variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Costamare is priced correctly, providing market reflects its regular price of 14.06 per share. Given that Costamare has jensen alpha of 0.0193, we suggest you to validate Costamare's prevailing market performance to make sure the company can sustain itself at a future point.

Costamare's Outstanding Corporate Bonds

Costamare issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Costamare uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Costamare bonds can be classified according to their maturity, which is the date when Costamare has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

	Dana 575 percent Corp Bond US235822AB96	View
	Boeing Co 2196 Corp Bond US097023DG73	View
	MPLX LP 52 Corp Bond US55336VAL45	View
	International Game Technology Corp Bond US460599AD57	View
	Morgan Stanley 3971 Corp Bond US61744YAL20	View
	AerCap Global Aviation Corp Bond US00773HAA59	View

View All Costamare Corporate Bonds

Understand Costamare's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Costamare's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	0.0413
	Market Risk Adjusted Performance	0.1207
	Mean Deviation	1.62
	Semi Deviation	2.22
	Downside Deviation	2.32
	Coefficient Of Variation	2150.9
	Standard Deviation	2.04
	Variance	4.16
	Information Ratio	(0.0003)
	Jensen Alpha	0.0193
	Total Risk Alpha	(0.15)
	Sortino Ratio	(0.0002)
	Treynor Ratio	0.1107
	Maximum Drawdown	9.49
	Value At Risk	(4.34)
	Potential Upside	3.19
	Downside Variance	5.4
	Semi Variance	4.93
	Expected Short fall	(1.54)
	Skewness	(0.54)
	Kurtosis	0.529

	Risk Adjusted Performance	0.0413
	Market Risk Adjusted Performance	0.1207
	Mean Deviation	1.62
	Semi Deviation	2.22
	Downside Deviation	2.32
	Coefficient Of Variation	2150.9
	Standard Deviation	2.04
	Variance	4.16
	Information Ratio	(0.0003)
	Jensen Alpha	0.0193
	Total Risk Alpha	(0.15)
	Sortino Ratio	(0.0002)
	Treynor Ratio	0.1107
	Maximum Drawdown	9.49
	Value At Risk	(4.34)
	Potential Upside	3.19
	Downside Variance	5.4
	Semi Variance	4.93
	Expected Short fall	(1.54)
	Skewness	(0.54)
	Kurtosis	0.529

Consider Costamare's intraday indicators

Costamare intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Costamare stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Accumulation Distribution	9793.74
	Daily Balance Of Power	(0.84)
	Rate Of Daily Change	0.97
	Day Median Price	14.14
	Day Typical Price	14.11
	Price Action Indicator	(0.26)
	Period Momentum Indicator	(0.38)
	Relative Strength Index	49.79

Costamare Corporate Filings

6K	19th of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.	View Verify
	15th of July 2024 Other Reports	View Verify
F3	8th of May 2024 An amendment to the original Schedule 13D filing	View Verify
	29th of March 2024 Other Reports	View Verify

Costamare time-series forecasting models is one of many Costamare's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Costamare's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Costamare Stock media impact

Far too much social signal, news, headlines, and media speculation about Costamare that are available to investors today. That information is available publicly through Costamare media outlets and privately through word of mouth or via Costamare internal channels. However, regardless of the origin, that massive amount of Costamare data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of Costamare news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Costamare relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Costamare's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Costamare alpha.

Costamare Corporate Directors

Vagn Moller	Independent Director	Profile
Charlotte Stratos	Independent Director	Profile
Gregory Zikos	Chief Financial Officer, Director	Profile
Konstantinos Zacharatos	Director	Profile

When determining whether Costamare is a strong investment it is important to analyze Costamare's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Costamare's future performance. For an informed investment choice regarding Costamare Stock, refer to the following important reports: