Costamare (CMRE) AI Stock Analysis

• Market Cap: $1.48B
• Dividend Yield: 3.74%
• Average Volume (3M): 488.28K
• Price to Earnings (P/E): 5.2
• Beta (1Y): 0.83
• Revenue Growth: -7.24%
• EPS Growth: -16.39%
• Country: US
• Employees: 2,430
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.77
• Shares Outstanding: 120,269,325
• 10 Day Avg. Volume: 551,752
• 30 Day Avg. Volume: 488,284
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.54
• Enterprise Value/Revenue: 1.11
• Enterprise Value/Gross Profit: 4.11
• Enterprise Value/Ebitda: 4.23
• 1Y Price Target: $11.50
• Price Target Upside: -6.43% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 83 Outperform
• Price Target: $11.50 ▼(-6.43% Downside)

Costamare scores highly due to strong technical indicators and an attractive valuation. The solid financial performance further supports the stock's strength, although some caution is warranted due to slowing revenue growth and declining equity.

Costamare Business Overview & Revenue Model

Company Description

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. The company was founded in 1974 and is based in Monaco.

How the Company Makes Money

Costamare generates revenue primarily through long-term charters of its fleet of container ships. The company enters into agreements with shipping lines, allowing them to lease these vessels for a specified duration, which provides Costamare with stable and predictable cash flows. Key revenue streams include daily charter rates received from these leases. Additionally, Costamare benefits from operational efficiencies, economies of scale, and strategic partnerships with major shipping companies, which enhance its market position and revenue stability. The company's fleet management capabilities and its focus on maintaining modern, fuel-efficient vessels also contribute to its profitability.

Costamare Financial Statement Overview

Summary

Costamare demonstrates solid financial performance with strong profitability and cash generation capabilities. The company has a stable revenue base, though growth has slowed. Leverage is manageable, but there is a concerning downward trend in equity.

Income Statement

Costamare's income statement shows a stable revenue base with moderate growth. The company achieved a Gross Profit Margin of 27% and a Net Profit Margin of 15.5% in TTM, indicating strong profitability. However, revenue growth has slowed recently, and the EBIT and EBITDA margins have slightly decreased compared to previous years.

Balance Sheet

The balance sheet reflects a solid equity position with a Debt-to-Equity Ratio of 0.88 in TTM, indicating manageable leverage. The Equity Ratio of 50.5% suggests a strong capital structure. However, the decreasing trend in stockholders' equity over time may pose a risk to future financial stability.

Cash Flow

Costamare's cash flow statement is robust, with a strong Operating Cash Flow to Net Income Ratio of 1.71 in TTM. Free Cash Flow has grown significantly, showcasing efficient capital management. The Free Cash Flow to Net Income Ratio of 0.96 reflects the company's ability to generate cash efficiently relative to its earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.05B	2.08B	1.51B	1.11B	793.64M	460.32M
Gross Profit	553.00M	556.66M	436.42M	600.66M	441.87M	211.62M
EBITDA	537.30M	619.87M	730.09M	853.31M	649.28M	177.82M
Net Income	318.19M	319.92M	385.75M	554.96M	435.12M	-71.75M
Balance Sheet
Total Assets	5.13B	5.15B	5.29B	4.90B	4.41B	3.01B
Cash, Cash Equivalents and Short-Term Investments	818.80M	741.28M	790.40M	838.06M	276.00M	143.92M
Total Debt	2.28B	2.35B	2.65B	2.58B	2.56B	1.59B
Total Liabilities	2.48B	2.58B	2.85B	2.74B	2.68B	1.66B
Stockholders Equity	2.59B	2.51B	2.38B	2.16B	1.73B	1.35B
Cash Flow
Free Cash Flow	306.66M	257.23M	49.04M	519.70M	-525.60M	172.37M
Operating Cash Flow	542.80M	537.72M	331.37M	581.59M	466.49M	274.28M
Investing Cash Flow	-112.57M	-79.51M	79.09M	42.49M	-787.46M	-36.40M
Financing Cash Flow	-517.55M	-505.48M	-396.81M	-166.05M	482.59M	-241.86M

Costamare Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMRE, the sentiment is Positive. The current price of 12.29 is below the 20-day moving average (MA) of 12.30, above the 50-day MA of 11.34, and above the 200-day MA of 8.94, indicating a neutral trend. The MACD of 0.33 indicates Positive momentum. The RSI at 55.19 is Neutral, neither overbought nor oversold. The STOCH value of 34.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CMRE.

Costamare Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMRE	83 Outperform	$1.48B	5.20	14.61%	3.74%	-7.24%	-16.39%
GSL	81 Outperform	$1.14B	2.96	23.89%	6.12%	4.43%	17.82%
DAC	80 Outperform	$1.68B	3.79	12.79%	3.70%	5.63%	-17.54%
NMM	79 Outperform	$1.38B	4.76	11.82%	0.42%	-0.47%	-22.23%
SBLK	74 Outperform	$2.21B	18.23	12.28%	4.10%	2.95%	-61.74%
SFL	58 Neutral	$1.02B	29.41	3.40%	13.17%	3.51%	-74.09%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Costamare Corporate Events

Costamare Releases Mid-2025 Financial Update

Costamare Inc. has released its unaudited interim condensed consolidated financial statements for the six-month period ending June 30, 2025. The report highlights a decrease in total assets from $5.1 billion at the end of 2024 to $3.7 billion by mid-2025, reflecting significant changes in the company’s financial position. This financial update is crucial for stakeholders as it provides insights into the company’s operational adjustments and financial health during this period.

Costamare Inc. Announces 2025 Virtual Annual Meeting of Stockholders

Costamare Inc. has announced its 2025 Annual Meeting of Stockholders, scheduled for October 2, 2025, to be held virtually. The meeting will focus on electing two Class III Directors, ratifying the appointment of Ernst & Young (Hellas) as independent auditors, and addressing other business matters. Stockholders are encouraged to vote via proxy if unable to attend. The meeting is significant for stakeholders as it involves key decisions affecting the company’s governance and financial auditing processes.

Costamare Inc. Reports Q2 2025 Results and Strategic Developments

On July 31, 2025, Costamare Inc. announced its financial results for the second quarter and six-month period ended June 30, 2025. The company reported a net income from continuing operations of $99.6 million for Q2 2025. A significant development during this period was the spin-off of its dry bulk business, completed on May 6, 2025, which is now presented as discontinued operations. Costamare also concluded contracts for four new containerships with delivery expected between 2027 and 2028, enhancing its fleet and securing long-term charters. The company declared dividends on both common and preferred stocks, reflecting its strong financial position and commitment to shareholder returns.

Costamare Inc. Schedules 2025 Annual Stockholders Meeting

On July 11, 2025, Costamare Inc. announced that its Board of Directors has scheduled the 2025 Annual Meeting of Stockholders to be held virtually on October 2, 2025. Stockholders of record as of August 7, 2025, will receive notice and have the right to vote at the meeting. This announcement is significant for stakeholders as it outlines the timeline and procedural details for participating in the company’s governance.

Costamare Inc. Declares Quarterly Dividends for July 2025

On July 1, 2025, Costamare Inc. announced the declaration of quarterly cash dividends on its preferred and common stock. The dividends for the Series B, C, and D Preferred Stocks are scheduled for payment on July 15, 2025, covering the period from April 15 to July 14, 2025. Additionally, a dividend on common stock will be paid on August 6, 2025, for the quarter ending June 30, 2025. These dividends reflect the company’s ongoing commitment to returning value to shareholders, contingent upon factors such as earnings, financial condition, and global economic conditions.