Costamare (CMRE) AI Stock Analysis

• Market Cap: $1.83B
• Dividend Yield: 2.93%
• Average Volume (3M): 523.21K
• Price to Earnings (P/E): 6.1
• Beta (1Y): 0.83
• Revenue Growth: -29.82%
• EPS Growth: -16.77%
• Country: US
• Employees: 2,430
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.81
• Shares Outstanding: 120,269,325
• 10 Day Avg. Volume: 542,017
• 30 Day Avg. Volume: 523,206
• 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: 1.40
• Enterprise Value/Revenue: 1.46
• Enterprise Value/Gross Profit: 4.82
• Enterprise Value/Ebitda: 4.61
• 1Y Price Target: $12.00
• Price Target Upside: -23.66% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 2.94
• Revenue Forecast (FY): $960.56M

• Rating: 76 Outperform
• Price Target: $16.50 ▲(4.96% Upside)

Costamare's strong financial performance and attractive valuation are the primary drivers of its stock score. The company's robust earnings call further supports its positive outlook. However, technical indicators suggest caution due to overbought conditions, and concerns about freight market volatility could impact future performance.

Positive Factors

Stable Revenue Base

Long-term charters provide Costamare with stable and predictable cash flows, reducing revenue volatility and enhancing financial stability.

Strong Cash Generation

Efficient cash generation supports operational needs and strategic investments, ensuring long-term financial health and flexibility.

Positive Charter Market Outlook

A robust charter market indicates sustained demand for Costamare's services, supporting future revenue and profitability.

Negative Factors

Decreasing Equity Trend

A downward equity trend may limit financial flexibility and impact Costamare's ability to fund growth or withstand economic downturns.

Volatile Freight Market

Freight market volatility introduces uncertainty in revenue projections, potentially impacting Costamare's financial performance.

Regulatory Compliance Challenges

Regulatory changes require strategic adjustments, potentially increasing operational complexity and compliance costs for Costamare.

Costamare Business Overview & Revenue Model

Company Description

Costamare Inc. (CMRE) is a leading provider of containerships for charter. The company is primarily engaged in the ownership and operation of a fleet of container vessels, which are leased to shipping companies on long-term charters. Costamare operates in the maritime shipping sector, focusing on the transportation of goods across global supply chains. The company’s core services involve the leasing of its vessels to major shipping lines, thereby facilitating international trade and commerce.

How the Company Makes Money

Costamare generates revenue primarily through long-term charter agreements with major shipping companies. The company earns income by leasing its fleet of containerships, which provides a steady cash flow as these contracts typically span multiple years. Key revenue streams include fixed charter rates, which offer predictable earnings, and, in some cases, profit-sharing arrangements with charterers based on market conditions. Significant partnerships with prominent shipping lines enhance Costamare's market position and contribute to its earnings stability. Additionally, the company may benefit from favorable market conditions that lead to increased demand for container shipping, impacting charter rates positively.

Costamare Financial Statement Overview

Summary

Costamare demonstrates solid financial performance with strong profitability and cash generation capabilities. The company has a stable revenue base, although growth has slowed. The balance sheet shows manageable leverage, but a downward trend in equity is a concern.

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	1.75B	2.08B	1.51B	1.11B	793.64M	460.32M
Gross Profit	531.41M	556.66M	436.42M	600.66M	441.87M	211.62M
EBITDA	555.11M	619.87M	699.28M	828.09M	643.45M	181.02M
Net Income	304.55M	319.92M	385.75M	554.96M	435.12M	8.88M
Balance Sheet
Total Assets	3.74B	5.15B	5.29B	4.90B	4.41B	3.01B
Cash, Cash Equivalents and Short-Term Investments	510.67M	766.44M	813.02M	838.06M	276.00M	148.92M
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	226.32M	257.23M	49.04M	500.88M	-525.60M	172.37M
Operating Cash Flow	252.97M	537.72M	331.37M	562.77M	466.49M	274.28M
Investing Cash Flow	-61.66M	-79.51M	79.09M	46.22M	-787.46M	-36.40M
Financing Cash Flow	-387.07M	-505.48M	-396.81M	-149.67M	482.59M	-241.86M

Costamare Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.72
• 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 15.72 is above the 20-day moving average (MA) of 15.64, above the 50-day MA of 13.94, and above the 200-day MA of 10.39, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 60.78 is Neutral, neither overbought nor oversold. The STOCH value of 30.10 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
DAC	81 Outperform	$1.69B	3.68	13.16%	3.65%	3.82%	-13.73%
GSL	81 Outperform	$1.21B	3.04	26.18%	6.16%	7.13%	23.37%
CMRE	76 Outperform	$1.83B	6.08	14.98%	2.93%	-29.82%	-16.77%
NMM	76 Outperform	$1.45B	5.73	8.36%	0.39%	-1.33%	-33.66%
SBLK	67 Neutral	$2.10B	34.85	2.50%	1.60%	-13.87%	-82.48%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SFL	58 Neutral	$1.12B	-440.23	-0.15%	12.27%	-11.10%	-101.57%

Costamare Corporate Events

Costamare Inc. Releases Q3 2025 Financial Results

Costamare Inc. released its unaudited interim condensed consolidated financial statements for the nine-month period ending September 30, 2025. The report highlights a decrease in total assets and liabilities compared to the previous year, reflecting changes in the company’s financial position. This financial update may impact Costamare’s operational strategies and its standing in the shipping industry, potentially influencing stakeholder decisions.

Costamare Inc. Announces Q3 2025 Financial Results and Strategic Developments

Costamare Inc. reported its financial results for the third quarter and nine-month period ending September 30, 2025, highlighting a significant spin-off of its dry bulk business into a standalone company, which was completed on May 6, 2025. The company achieved a Q3 2025 net income of $92.6 million and maintained strong liquidity. Costamare also concluded newbuilding contracts for additional containerships, with deliveries expected in Q1 2028, and secured long-term charters for these vessels. The company has successfully fixed 100% of its containership fleet for 2025 and 80% for 2026, with contracted revenues reaching approximately $2.6 billion. Additionally, Costamare completed refinancing for several vessels and expanded its ship leasing platform, Neptune Maritime Leasing, with investments exceeding $650 million.

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.