Costamare Bulkers Holdings Limited (CMDB) AI Stock Analysis

• Market Cap: $389.80M
• Dividend Yield: N/A
• Average Volume (3M): 85.02K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.18
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: N/A
• Sector: Services
• Sector Strength: N/A
• Industry: Marine Shipping
• EPS (TTM): -1.20
• Shares Outstanding: 24,301,490
• 10 Day Avg. Volume: 74,953
• 30 Day Avg. Volume: 85,020
• PEG Ratio: 0.10
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.27
• P/FCF Ratio: -1.43
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: 3.15
• Enterprise Value/Gross Profit: 69.05
• Enterprise Value/Ebitda: -239.27
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $17.00 ▲(6.92% Upside)

The overall stock score is primarily influenced by the company's financial performance and technical analysis. While the company shows strong revenue growth, significant challenges in profitability and cash flow pose risks. The technical indicators suggest bullish momentum, but overbought conditions could lead to a correction. The lack of valuation metrics and earnings call data limits further assessment.

Positive Factors

Strategic Partnership

The partnership with Cargill aims to reduce exposure to volatile trading and enhance market positioning, providing stable earnings and growth opportunities.

Leadership Strength

The addition of a director with extensive shipping experience strengthens leadership, potentially improving strategic decision-making and operational efficiency.

Decarbonization Initiatives

Focusing on decarbonization aligns with global sustainability trends, potentially reducing costs and enhancing the company's reputation in the long term.

Negative Factors

Profitability Challenges

Persistent profitability issues despite revenue growth indicate operational inefficiencies, which could hinder long-term financial stability and growth.

High Leverage

High leverage poses a risk to financial stability, potentially limiting the company's ability to invest in growth opportunities and manage economic downturns.

Cash Flow Challenges

Negative cash flow indicates inefficiencies in converting income to cash, which can strain liquidity and limit the company's ability to fund operations and growth.

Costamare Bulkers Holdings Limited Business Overview & Revenue Model

Company Description

Costamare Bulkers Holdings Limited is an international operator of dry bulk vessels, providing transportation services for major commodities such as grain, coal, and iron ore. The Company manages vessel chartering and freight contracts through its integrated dry bulk platform. Headquartered in Monaco, it was established as a spin-off from Costamare Inc.

How the Company Makes Money

Costamare Bulkers Holdings Limited generates revenue primarily through the leasing of its dry bulk vessels to charterers under time and spot charters. The company earns income based on the terms of the charter agreements, which typically involve fixed rates or variable rates that are dependent on market conditions. Additionally, CMDB may engage in long-term contracts with shipping companies, providing a steady revenue stream. The company benefits from its strategic fleet management, ensuring optimal utilization of its vessels while minimizing operational costs. Key revenue streams are further supported by partnerships with established shipping lines and the ability to adapt to changing market demands, which contributes to stable earnings.

Costamare Bulkers Holdings Limited Financial Statement Overview

Summary

Costamare Bulkers Holdings Limited is experiencing strong revenue growth but faces significant profitability and cash flow challenges. High leverage and negative returns on equity highlight financial instability. The company needs to address its cash flow issues and improve profitability to enhance its financial health.

Income Statement

Costamare Bulkers Holdings Limited has shown significant revenue growth, with a notable increase of 80.27% in the latest year. However, the company is struggling with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin has improved slightly, but overall profitability remains a concern.

Balance Sheet

The company has a high debt-to-equity ratio of 1.69, indicating significant leverage, which poses a risk. Return on equity is negative, reflecting the company's inability to generate profit from shareholders' equity. The equity ratio is not provided, but the high leverage and negative ROE are concerning.

Cash Flow

Operating cash flow and free cash flow are both negative, indicating cash flow challenges. Despite a positive free cash flow growth rate recently, the operating cash flow to net income ratio is negative, suggesting inefficiencies in converting income to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	155.87M	1.20B	663.12M	316.47M
Gross Profit	7.12M	136.94M	53.91M	274.76M
EBITDA	-2.05M	-33.60M	-79.90M	149.64M
Net Income	-26.52M	-98.25M	-147.70M	90.44M
Balance Sheet
Total Assets	1.13B	1.24B	1.19B	871.84M
Cash, Cash Equivalents and Short-Term Investments	127.47M	49.86M	33.68M	104.35M
Total Debt	367.11M	713.83M	621.51M	385.55M
Total Liabilities	453.14M	818.98M	711.83M	425.83M
Stockholders Equity	674.68M	422.02M	474.69M	446.01M
Cash Flow
Free Cash Flow	19.49M	-228.39M	-272.73M	61.87M
Operating Cash Flow	27.52M	-55.53M	-196.79M	117.60M
Investing Cash Flow	58.43M	-46.76M	-9.69M	-36.88M
Financing Cash Flow	119.39M	116.92M	133.25M	26.03M

Costamare Bulkers Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
CMDB	48 Neutral	$389.80M	―	―	―	―	―
HMR	43 Neutral	$63.98M	-1.83	―	―	―	―

Costamare Bulkers Holdings Limited Corporate Events

Costamare Bulkers Reports Q3 2025 Financial Results Amid Operational Challenges

Costamare Bulkers Holdings Limited released its unaudited interim financial statements for the nine-month period ending September 30, 2025. The company reported total voyage revenues of $378.7 million, while facing significant expenses, including voyage and charter-in hire costs, leading to an operating loss of $27.9 million. The financial results highlight the challenges faced by the company in managing operational costs amid fluctuating market conditions.

Costamare Bulkers Reports Q3 2025 Results and Strategic Moves

Costamare Bulkers Holdings Limited reported its financial results for the third quarter and nine-month period ended September 30, 2025, marking its first full quarter as an independent company. The company achieved a net income of $7.4 million and adjusted net income of $5.4 million. It entered a strategic cooperation agreement with Cargill International S.A., transferring a significant portion of its trading book, including chartered-in vessels and derivatives positions. Additionally, the company completed the sale of several vessels, generating $44 million in net proceeds, and acquired a new dry bulk vessel, Imperator. The company also secured financing for vessel acquisitions with no significant loan maturities until 2029.

Costamare Bulkers Modifies Shareholders Rights Agreement Amid Regulatory Changes

On October 21, 2025, Costamare Bulkers Holdings Limited announced a First Amendment to its Shareholders Rights Agreement with Equiniti Trust Company, LLC. The amendment changes the definition of an Acquiring Person to include U.S. Persons who become beneficial owners of 5% or more of the company’s common stock, while the threshold for non-U.S. Persons remains unchanged. This move is aimed at protecting shareholder value in response to recent regulatory developments concerning U.S.-linked vessels by the Ministry of Transport of the People’s Republic of China. The company is monitoring these developments and may revert to the previous terms if the changes are deemed unnecessary.

Costamare Bulkers Strengthens Voting Control Amid Regulatory Changes

On October 15, 2025, Costamare Bulkers Holdings Limited announced a Stock Subscription Agreement with Konstantinos Konstantakopoulos, involving the purchase of 235 shares of a new series of high-vote, non-economic preferred stock, known as Series B Preferred Stock. This move was strategically made to prevent U.S. persons from controlling more than 25% of the company’s voting power, following China’s announcement of special port fees for U.S.-linked vessels. The issuance ensures the Konstantakopoulos family retains approximately 76.4% control of the company’s voting rights, up from 65%, thus maintaining strategic control and mitigating potential regulatory impacts.

Costamare Bulkers Appoints New Director with Extensive Shipping Experience

On October 2, 2025, Costamare Bulkers Holdings Limited appointed Mr. Dimitrios Sofianopoulos as a Class I director. Mr. Sofianopoulos brings over 35 years of experience in the shipping sector and has been with the Costamare group for 18 years, enhancing the company’s leadership with his extensive legal and financial expertise in maritime transactions.

Costamare Bulkers and Cargill Forge Strategic Partnership

On September 29, 2025, Costamare Bulkers Holdings Limited announced a strategic cooperation agreement with Cargill International S.A. This agreement involves transferring the majority of Costamare’s trading book, including chartered-in vessels and cargo transportation commitments, to Cargill. The partnership aims to reduce Costamare’s exposure to the volatile trading business and generate more stable earnings. Additionally, the companies plan to collaborate on decarbonization projects and explore joint investments in the dry bulk sector. This strategic move is expected to enhance Costamare’s market positioning and provide growth opportunities for both companies.