Costamare Bulkers Holdings Limited (CMDB) AI Stock Analysis

• Market Cap: $465.13M
• Dividend Yield: N/A
• Average Volume (3M): 65.04K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.24
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): N/A
• Shares Outstanding: 24,301,490
• 10 Day Avg. Volume: 110,360
• 30 Day Avg. Volume: 65,044
• 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: 1.24
• Enterprise Value/Revenue: 1.52
• Enterprise Value/Gross Profit: 16.72
• Enterprise Value/Ebitda: 67.61
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $17.50 ▲(12.25% Upside)

The score is primarily weighed down by weak financial performance—negative profitability and cash flows alongside high leverage and negative ROE—despite strong revenue growth. Technicals are supportive (price above moving averages and positive MACD) but are tempered by overbought momentum signals. Valuation impact is neutral due to missing P/E and dividend yield data.

Positive Factors

Strong Revenue Growth

An 80% revenue surge indicates robust demand for the company’s dry-bulk services and material scale expansion. A larger revenue base helps absorb fixed costs, improves bargaining leverage with charterers, and provides capacity to reinvest or deleverage, supporting recovery over coming quarters.

Modern Fleet & Market Position

A modern, well-maintained fleet and leading market position reduce downtime, meet stricter regulatory standards, and attract higher-quality charterers. Structurally this supports higher utilization and lower lifecycle costs, sustaining competitive advantage and long-term revenue resilience.

Strategic Partnership & Liquidity Actions

A cooperation with a major commodity house, targeted asset sales, a fresh vessel acquisition and secured financing materially improve counterparty diversification and near-term liquidity. These structural moves reduce refinancing risk and enhance operational flexibility through multiple shipping cycles.

Negative Factors

Negative Profitability

Persistently negative net profit and EBIT margins point to structural profitability issues. Without sustainable margin improvement, the company cannot build retained earnings, limiting reinvestment and leaving it exposed to shocks that could force dilutive financing or asset disposals.

High Leverage

A debt-to-equity ratio near 1.7 creates meaningful interest and refinancing sensitivity. Elevated leverage reduces strategic flexibility, raises solvency risk in a shipping downturn, and amplifies earnings volatility, constraining growth and capital allocation decisions over the medium term.

Negative Cash Flow Conversion

Persistent negative operating and free cash flow undermine the company’s ability to fund capex, service debt and maintain vessels from internal resources. Continued cash burn necessitates recurring asset sales or external financing, weakening operational resilience and long-term stability.

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

Despite strong revenue growth (+80.27%), profitability is weak with negative net profit and EBIT margins. Balance sheet leverage is high (debt-to-equity 1.69) with negative ROE, and both operating cash flow and free cash flow are negative, indicating financial strain.

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	378.74M	1.20B	663.12M	316.47M
Gross Profit	34.49M	136.94M	53.91M	274.76M
EBITDA	8.53M	-33.60M	-79.90M	149.64M
Net Income	-19.16M	-98.25M	-147.70M	90.44M
Balance Sheet
Total Assets	1.07B	1.24B	1.19B	871.84M
Cash, Cash Equivalents and Short-Term Investments	180.81M	49.86M	33.68M	104.35M
Total Debt	305.06M	713.83M	621.51M	385.55M
Total Liabilities	383.66M	818.98M	711.83M	425.83M
Stockholders Equity	682.91M	422.02M	474.69M	446.01M
Cash Flow
Free Cash Flow	25.19M	-228.39M	-272.73M	61.87M
Operating Cash Flow	59.42M	-55.53M	-196.79M	117.60M
Investing Cash Flow	87.72M	-46.76M	-9.69M	-36.88M
Financing Cash Flow	111.59M	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 *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HMR	50 Neutral	$56.47M	-1.61	―	―	―	―
CMDB	46 Neutral	$465.13M	―	―	―	―	―

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.

The most recent analyst rating on (CMDB) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Costamare Bulkers Holdings Limited stock, see the CMDB Stock Forecast page.

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.

The most recent analyst rating on (CMDB) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Costamare Bulkers Holdings Limited stock, see the CMDB Stock Forecast page.