Costamare Inc

Company Profile

Costamare Inc had its IPO on 2010-11-04 under the ticker symbol CMRE.

The company operates in the Industrials sector and Marine Shipping industry. Costamare Inc has a staff strength of 2,700 employees.

Stock update

Shares of Costamare Inc opened at $9.67 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $9.53 - $9.72, and closed at $9.6.

This is a -0.41% slip from the previous day's closing price.

A total volume of 338,138 shares were traded at the close of the day’s session.

In the last one week, shares of Costamare Inc have slipped by -7.87%.

Costamare Inc's Key Ratios

Costamare Inc has a market cap of $1.02 billion, indicating a price to book ratio of 0.5538 and a price to sales ratio of 0.961.

In the last 12-months Costamare Inc’s revenue was $1.09 billion with a gross profit of $766.66 million and an EBITDA of $638.15 million. The EBITDA ratio measures Costamare Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Costamare Inc’s operating margin was 43.12% while its return on assets stood at 6.11% with a return of equity of 27.93%.

In Q1, Costamare Inc’s quarterly earnings growth was a positive 24.2% while revenue growth was a negative 7.2%.

Costamare Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

1.7761

PEG

-0.8

Its diluted EPS in the last 12-months stands at $4.69 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of -0.8. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Costamare Inc’s profitability.

Costamare Inc stock is trading at a EV to sales ratio of 2.7567 and a EV to EBITDA ratio of 4.0015. Its price to sales ratio in the trailing 12-months stood at 0.961.

Costamare Inc stock pays annual dividends of $0.46 per share, indicating a yield of 5.82% and a payout ratio of 16.31%.

Balance sheet and cash flow metrics

Total Assets

$5.08 billion

Total Liabilities

$519.89 million

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

16.31%

Costamare Inc ended 2024 with $5.08 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $5.08 billion while shareholder equity stood at $2.27 billion.

Costamare Inc ended 2024 with $0 in deferred long-term liabilities, $519.89 million in other current liabilities, 12000.00 in common stock, $873.98 million in retained earnings and $0 in goodwill. Its cash balance stood at $853.85 million and cash and short-term investments were $939.03 million. The company’s total short-term debt was $404,483,000 while long-term debt stood at $2.18 billion.

Costamare Inc’s total current assets stands at $1.13 billion while long-term investments were $62.83 million and short-term investments were $85.18 million. Its net receivables were $50.69 million compared to accounts payable of $24.94 million and inventory worth $41.04 million.

In 2024, Costamare Inc's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, Costamare Inc paid $0.16 in dividends in 2024.

Other key metrics

Current Trading Price

$9.6

52-Week High

$13.6446

52-Week Low

$7.71

Analyst Target Price

$11

Costamare Inc stock is currently trading at $9.6 per share. It touched a 52-week high of $13.6446 and a 52-week low of $13.6446. Analysts tracking the stock have a 12-month average target price of $11.

Its 50-day moving average was $10.34 and 200-day moving average was $9.46 The short ratio stood at 3.97 indicating a short percent outstanding of 0%.

Around 6095.4% of the company’s stock are held by insiders while 2364.1% are held by institutions.