Costamare Statistics

Share Statistics

Costamare has 119.96M shares outstanding. The number of shares has increased by 0.42% in one year.

Shares Outstanding	119.96M
Shares Change (YoY)	0.42%
Shares Change (QoQ)	0%
Owned by Institutions (%)	35.59%
Shares Floating	43.33M
Failed to Deliver (FTD) Shares	115
FTD / Avg. Volume	0.02%

Short Selling Information

The latest short interest is 1.52M, so 1.04% of the outstanding shares have been sold short.

Short Interest	1.52M
Short % of Shares Out	1.04%
Short % of Float	2.18%
Short Ratio (days to cover)	3.58

Valuation Ratios

The PE ratio is 3.55 and the forward PE ratio is 3.91. Costamare's PEG ratio is -0.21.

PE Ratio	3.55
Forward PE	3.91
PS Ratio	0.55
Forward PS	1.7
PB Ratio	0.45
P/FCF Ratio	4.42
PEG Ratio	-0.21

Financial Ratio History

Enterprise Valuation

Costamare has an Enterprise Value (EV) of 2.78B.

EV / Sales	1.34
EV / EBITDA	4.49
EV / EBIT	5.18
EV / FCF	10.82

Financial Position

The company has a current ratio of 1.4, with a Debt / Equity ratio of 0.94.

Current Ratio	1.4
Quick Ratio	1.32
Debt / Equity	0.94
Debt / EBITDA	3.79
Debt / FCF	9.14
Interest Coverage	3.08

Financial Efficiency

Return on Equity is 12.73% and Return on Invested Capital is 9.34%.

Return on Equity	12.73%
Return on Assets	6.21%
Return on Invested Capital	9.34%
Revenue Per Employee	$857.57K
Profits Per Employee	$131.65K
Employee Count	2,430
Asset Turnover	0.4
Inventory Turnover	26.49

Taxes

Income Tax	n/a
Effective Tax Rate	0%

Stock Price Statistics

The stock price has increased by 2.5% in the last 52 weeks. The beta is 1.21, so Costamare's price volatility has been higher than the market average.

Beta	1.21
52-Week Price Change	2.5%
50-Day Moving Average	9.42
200-Day Moving Average	8.78
Relative Strength Index (RSI)	64.6
Average Volume (20 Days)	532,404

Income Statement

In the last 12 months, Costamare had revenue of 2.08B and earned 319.92M in profits. Earnings per share was 2.44.

Revenue	2.08B
Gross Profit	556.66M
Operating Income	462.26M
Net Income	319.92M
EBITDA	619.87M
EBIT	456.29M
Earnings Per Share (EPS)	2.44

Full Income Statement

Balance Sheet

The company has 704.63M in cash and 2.35B in debt, giving a net cash position of -1.65B.

Cash & Cash Equivalents	704.63M
Total Debt	2.35B
Net Cash	-1.65B
Retained Earnings	1.28B
Total Assets	3.74B
Working Capital	249.75M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 537.72M and capital expenditures -280.48M, giving a free cash flow of 257.23M.

Operating Cash Flow	537.72M
Capital Expenditures	-280.48M
Free Cash Flow	257.23M
FCF Per Share	2.16

Full Cash Flow Statement

Margins

Gross margin is 26.71%, with operating and profit margins of 22.18% and 15.35%.

Gross Margin	26.71%
Operating Margin	22.18%
Pretax Margin	15.18%
Profit Margin	15.35%
EBITDA Margin	29.75%
EBIT Margin	22.18%
FCF Margin	12.34%

Dividends & Yields

CMRE pays an annual dividend of $0.46, which amounts to a dividend yield of 5.03%.

Dividend Per Share	$0.46
Dividend Yield	5.03%
Dividend Growth (YoY)	0%
Payout Ratio	17.49%
Earnings Yield	28.14%
FCF Yield	22.63%

Dividend Details

Analyst Forecast

The average price target for CMRE is $13, which is 22.2% higher than the current price. The consensus rating is "Hold".

Price Target	$13
Price Target Difference	22.2%
Analyst Consensus	Hold
Analyst Count	1

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	35.65
Graham Upside	235.06%

Scores

Altman Z-Score	1.66
Piotroski F-Score	6

Costamare Inc. (CMRE)