Costamare (CMRE) AI Stock Analysis

• Market Cap: $1.38B
• Dividend Yield: 3.96%
• Average Volume (3M): 495.87K
• Price to Earnings (P/E): 4.9
• Beta (1Y): 0.86
• 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: 517,114
• 30 Day Avg. Volume: 495,872
• PEG Ratio: -0.21
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.55
• P/FCF Ratio: 4.42
• Enterprise Value/Market Cap: 1.65
• Enterprise Value/Revenue: 1.30
• Enterprise Value/Gross Profit: 4.33
• Enterprise Value/Ebitda: 4.03
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: $12.50 ▲(9.36% Upside)

Costamare's overall stock score is driven by strong financial performance and an attractive valuation. The company's profitability and cash flow generation are robust, although technical analysis indicates some short-term weakness. The low P/E ratio and solid dividend yield enhance the stock's appeal, particularly for value and income investors.

Costamare Business Overview & Revenue Model

Company Description

Costamare Inc. (CMRE) is a leading provider of containerships for charter and is engaged in the ownership, operation, and leasing of a modern fleet of container vessels. The company focuses primarily on the shipping sector, providing essential services to a global customer base, including major shipping lines. Costamare’s core services revolve around the long-term chartering of its vessels, allowing clients to enhance their maritime logistics capabilities.

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	1.74B	2.08B	1.51B	1.11B	793.64M	460.32M
Gross Profit	525.16M	556.66M	436.42M	600.66M	441.87M	211.62M
EBITDA	563.09M	619.87M	730.09M	853.31M	649.28M	177.82M
Net Income	304.55M	319.92M	385.75M	554.96M	435.12M	-71.75M
Balance Sheet
Total Assets	3.74B	5.15B	5.29B	4.90B	4.41B	3.01B
Cash, Cash Equivalents and Short-Term Investments	482.12M	741.28M	790.40M	838.06M	276.00M	143.92M
Total Debt	1.59B	2.35B	2.65B	2.58B	2.56B	1.59B
Total Liabilities	1.72B	2.58B	2.85B	2.74B	2.68B	1.66B
Stockholders Equity	1.95B	2.51B	2.38B	2.16B	1.73B	1.35B
Cash Flow
Free Cash Flow	232.14M	257.23M	49.04M	519.70M	-525.60M	172.37M
Operating Cash Flow	252.99M	537.72M	331.37M	581.59M	466.49M	274.28M
Investing Cash Flow	-61.65M	-79.51M	79.09M	42.49M	-787.46M	-36.40M
Financing Cash Flow	-387.03M	-505.48M	-396.81M	-166.05M	482.59M	-241.86M

Costamare Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.43
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 11.43 is below the 20-day moving average (MA) of 11.49, below the 50-day MA of 11.69, and above the 200-day MA of 9.06, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 52.44 is Neutral, neither overbought nor oversold. The STOCH value of 49.88 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
GSL	75 Outperform	$1.01B	2.65	26.40%	6.94%	4.43%	17.82%
CMRE	73 Outperform	$1.38B	4.92	14.61%	3.96%	-7.24%	-16.39%
DAC	69 Neutral	$1.57B	3.54	13.38%	3.93%	5.63%	-17.54%
NMM	64 Neutral	$1.33B	4.65	9.89%	0.44%	-0.47%	-22.23%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SBLK	62 Neutral	$2.01B	16.76	5.11%	4.51%	2.95%	-61.74%
SFL	60 Neutral	$929.16M	27.34	3.35%	14.43%	3.51%	-74.09%

Costamare Corporate Events

Costamare Amends Shareholders Rights Agreement Amid Regulatory Changes

On October 21, 2025, Costamare Inc. announced an amendment to its Shareholders Rights Agreement, originally dated October 19, 2010, with Equiniti Trust Company, LLC. The amendment alters 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 maintaining the threshold for non-U.S. Persons. This move is in response to recent regulatory developments from China regarding port fees for US-linked vessels, aiming to protect shareholder value and ensure compliance with new regulations. The company plans to monitor the situation and may revert to the original agreement terms if deemed unnecessary in the future.

Costamare Enhances Voting Control Amid Regulatory Changes

On October 15, 2025, Costamare Inc. announced a Stock Subscription Agreement with Konstantinos Konstantakopoulos for the purchase of 1,200 shares of Series F Preferred Stock, designed to enhance voting control and ensure compliance with foreign ownership regulations. This move increases the Konstantakopoulos family’s voting power to approximately 75.7%, safeguarding against U.S. control exceeding 25% due to new Chinese port fee regulations. The Series F Preferred Stock, which carries significant voting rights but no economic benefits, can be redeemed by the company and will automatically terminate after five years, reflecting a strategic maneuver to maintain operational autonomy and regulatory compliance.

Costamare Inc. Declares Quarterly Dividends on Stocks

On October 2, 2025, Costamare Inc. announced the declaration of cash dividends on its preferred and common stocks. The dividends for the Series B, C, and D Preferred Stocks cover the period from July 15, 2025, to October 14, 2025, and will be paid on October 15, 2025. Additionally, a quarterly dividend on common stock for the quarter ended September 30, 2025, is payable on November 6, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders, contingent upon the board’s discretion and various financial and market conditions.

Costamare Inc. Elects New Directors at 2025 Annual Meeting

On October 2, 2025, Costamare Inc. announced the election of two Class III directors, Konstantinos Konstantakopoulos and Charlotte Stratos, at its virtual annual meeting of stockholders. These directors will serve until the 2028 annual meeting. Additionally, stockholders ratified Ernst & Young (Hellas) as the company’s independent auditors for the fiscal year ending December 31, 2025. This election and ratification are expected to strengthen Costamare’s governance and ensure continuity in its financial oversight.

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.