Stock CMRE COSTAMARE INC.
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Financials Costamare Inc.

Equities

CMRE

MHY1771G1026

Marine Freight & Logistics

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
11.78 USD +2.26% Intraday chart for Costamare Inc. +7.78% +13.16%
Apr. 02 Costamare Keeps Quarterly Dividend at $0.115 Per Common Share, Payable May 6 to Shareholders on April 19 MT
Apr. 02 Costamare Inc. Declares Quarterly Dividend for the Quarter Ended March 31, 2024, Payable on May 6, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,128 1,006 1,563 1,130 1,226 1,399 - -
Enterprise Value (EV) 1 2,533 2,447 1,563 1,130 1,226 1,399 1,399 1,399
P/E ratio 16.2 x -46 x 3.86 x - - - - -
Yield 4.2% 4.83% 3.52% 10.3% 4.42% 3.9% 3.9% 3.9%
Capitalization / Revenue 2.37 x 2.22 x 2.06 x 1.08 x 1.01 x 1.1 x 1.2 x 1.43 x
EV / Revenue 2.37 x 2.22 x 2.06 x 1.08 x 1.01 x 1.1 x 1.2 x 1.43 x
EV / EBITDA 3.41 x 3.13 x 3.29 x 1.56 x 2.22 x 2.18 x 2.28 x 2.93 x
EV / FCF 4.67 x 5.84 x -2.97 x 2.17 x 4.94 x 2.68 x 2.82 x -
FCF Yield 21.4% 17.1% -33.6% 46% 20.2% 37.4% 35.5% -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 118,333 121,494 123,570 121,724 117,745 118,795 - -
Reference price 2 9.530 8.280 12.65 9.280 10.41 11.78 11.78 11.78
Announcement Date 1/28/20 2/1/21 3/9/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 476 452.9 757.1 1,049 1,213 1,269 1,169 976.3
EBITDA 1 330.7 321.6 474.6 724.1 553.4 641.7 613.9 477.4
EBIT 1 208.2 203.8 327.2 544.6 367.2 440.5 416.6 248.9
Operating Margin 43.75% 45% 43.21% 51.9% 30.28% 34.71% 35.65% 25.49%
Earnings before Tax (EBT) - - - - - - - -
Net income 67.73 -21.59 404.1 - - - - -
Net margin 14.23% -4.77% 53.37% - - - - -
EPS 0.5900 -0.1800 3.280 - - - - -
Free Cash Flow 1 241.5 172.4 -525.6 519.7 247.9 522.8 496.9 -
FCF margin 50.74% 38.05% -69.42% 49.52% 20.44% 41.19% 42.52% -
FCF Conversion (EBITDA) 73.05% 53.6% - 71.78% 44.79% 81.47% 80.94% -
FCF Conversion (Net income) 356.61% - - - - - - -
Dividend per Share 2 0.4000 0.4000 0.4450 0.9600 0.4600 0.4600 0.4600 0.4600
Announcement Date 1/28/20 2/1/21 3/9/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 208.7 259.9 255.7 275.7 271.3 246.7 213.9 294.6 308.8 396.8 336.2 306.5 306 320.4 315.9
EBITDA 1 146.3 185 177.5 196 187.6 158.6 108.6 140.2 139.4 157.1 159.5 156.7 154.2 156.7 148.8
EBIT 1 97.2 141.2 136.4 155.7 145.8 112.8 144.1 94.2 84.66 110 112.2 110.3 107.7 110.2 102.6
Operating Margin 46.58% 54.34% 53.33% 56.47% 53.74% 45.72% 67.35% 31.97% 27.42% 27.72% 33.36% 36% 35.2% 34.41% 32.47%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 107.4 153.4 - - - - - - - - - - - - -
Net margin 51.45% 59.02% - - - - - - - - - - - - -
EPS 0.8700 1.240 0.9300 0.9200 - - - - - - - - - - -
Dividend per Share 2 0.1150 0.1150 0.6150 0.1150 0.1150 0.1150 0.1150 0.1150 0.1150 0.1150 0.1175 0.1175 0.1175 0.1175 0.1200
Announcement Date 10/27/21 3/9/22 5/5/22 7/28/22 11/2/22 2/8/23 5/15/23 7/28/23 11/1/23 2/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1,405 1,441 - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 4.249 x 4.482 x - - - - - -
Free Cash Flow 1 242 172 -526 520 248 523 497 -
ROE (net income / shareholders' equity) - - 26.3% 20.9% 11% 11.7% 10.9% -
ROA (Net income/ Total Assets) - - - - - - - -
Assets - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 2.160 2.270 3.790 4.730 2.750 4.280 4.190 3.430
Capex 1 62 102 992 61.9 83.5 31 - -
Capex / Sales 13.02% 22.5% 131.04% 5.9% 6.89% 2.44% - -
Announcement Date 1/28/20 2/1/21 3/9/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Costamare Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
11.78 USD
Average target price
12 USD
Spread / Average Target
+1.87%
Consensus

Quarterly earnings - Rate of surprise

Company calendar

Sector Deep Sea Freight

1st Jan change Capi.
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Deep Sea Freight
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