CMRE Valuation

Costamare Inc

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11.440

-0.13(-1.124%)1D

Overview
Forecast
Valuation
Earnings

CMRE Relative Valuation

CMRE's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CMRE is overvalued; if below, it's undervalued.

Historical Valuation

Costamare Inc (CMRE) is now in the Undervalued zone, suggesting that its current forward PE ratio of 4.09 is considered Undervalued compared with the five-year average of 4.03. The fair price of Costamare Inc (CMRE) is between 12.72 to 16.48 according to relative valuation methord. Compared to the current price of 11.44 USD , Costamare Inc is Undervalued By 10.07%.

Relative Value

Fair Zone

12.72-16.48

Current Price：11.44

10.07%

Undervalued

4.09

Trailing

Forward

4.41

EV/EBITDA

Costamare Inc. (CMRE) has a current EV/EBITDA of 4.41. The 5-year average EV/EBITDA is 4.96. The thresholds are as follows: Strongly Undervalued below 3.93, Undervalued between 3.93 and 4.45, Fairly Valued between 5.48 and 4.45, Overvalued between 5.48 and 5.99, and Strongly Overvalued above 5.99. The current Forward EV/EBITDA of 4.41 falls within the Undervalued range.

5.95

EV/EBIT

Costamare Inc. (CMRE) has a current EV/EBIT of 5.95. The 5-year average EV/EBIT is 6.89. The thresholds are as follows: Strongly Undervalued below 5.08, Undervalued between 5.08 and 5.99, Fairly Valued between 7.80 and 5.99, Overvalued between 7.80 and 8.70, and Strongly Overvalued above 8.70. The current Forward EV/EBIT of 5.95 falls within the Undervalued range.

1.75

Costamare Inc. (CMRE) has a current PS of 1.75. The 5-year average PS is 1.26. The thresholds are as follows: Strongly Undervalued below 0.66, Undervalued between 0.66 and 0.96, Fairly Valued between 1.56 and 0.96, Overvalued between 1.56 and 1.86, and Strongly Overvalued above 1.86. The current Forward PS of 1.75 falls within the Overvalued range.

2.84

P/OCF

Costamare Inc. (CMRE) has a current P/OCF of 2.84. The 5-year average P/OCF is 2.69. The thresholds are as follows: Strongly Undervalued below 1.60, Undervalued between 1.60 and 2.15, Fairly Valued between 3.24 and 2.15, Overvalued between 3.24 and 3.78, and Strongly Overvalued above 3.78. The current Forward P/OCF of 2.84 falls within the Historic Trend Line -Fairly Valued range.

2.91

P/FCF

Costamare Inc. (CMRE) has a current P/FCF of 2.91. The 5-year average P/FCF is 1.50. The thresholds are as follows: Strongly Undervalued below -10.00, Undervalued between -10.00 and -4.25, Fairly Valued between 7.26 and -4.25, Overvalued between 7.26 and 13.01, and Strongly Overvalued above 13.01. The current Forward P/FCF of 2.91 falls within the Historic Trend Line -Fairly Valued range.

Costamare Inc (CMRE) has a current Price-to-Book (P/B) ratio of 0.71. Compared to its 3-year average P/B ratio of 0.57 , the current P/B ratio is approximately 24.66% higher. Relative to its 5-year average P/B ratio of 0.70, the current P/B ratio is about 1.26% higher. Costamare Inc (CMRE) has a Forward Free Cash Flow (FCF) yield of approximately 12.54%. Compared to its 3-year average FCF yield of 18.32%, the current FCF yield is approximately -31.56% lower. Relative to its 5-year average FCF yield of 9.33% , the current FCF yield is about 34.37% lower.

0.71

P/B

Median3y

0.57

Median5y

0.70

12.54

FCF Yield

Median3y

18.32

Median5y

9.33

Competitors Valuation Multiple

The average P/S ratio for CMRE's competitors is 2.53, providing a benchmark for relative valuation. Costamare Inc Corp (CMRE) exhibits a P/S ratio of 1.75, which is -30.97% above the industry average. Given its robust revenue growth of -0.02%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Navios Maritime Partners LP

Capital Clean Energy Carriers Corp

Navigator Holdings Ltd

2.19

-11.62%

1.08B

Performance Decomposition

Market capitalization of CMRE decreased by 24.98% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 45.19 to 48.70.

The secondary factor is the Revenue Growth, contributed -0.02%to the performance.

Overall, the performance of CMRE in the past 1 year is driven by Margin Expansion. Which is more sustainable.

-0.02%

217.93M → 217.90M

Revenue Growth

7.77%

45.19 → 48.70

Margin Expansion

-32.73%

6.47 → 4.35

P/E Change

-24.98%