Costamare (NYSE: CMRE) is one of 25 publicly-traded companies in the “Deep Sea Freight” industry, but how does it weigh in compared to its competitors? We will compare Costamare to similar businesses based on the strength of its analyst recommendations, profitability, institutional ownership, earnings, valuation, dividends and risk.

Institutional & Insider Ownership

27.0% of Costamare shares are held by institutional investors. Comparatively, 66.3% of shares of all “Deep Sea Freight” companies are held by institutional investors. 2.9% of shares of all “Deep Sea Freight” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a summary of current ratings and recommmendations for Costamare and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Costamare 0 4 3 0 2.43
Costamare Competitors 198 609 654 13 2.33

Costamare presently has a consensus target price of $8.50, suggesting a potential upside of 37.54%. As a group, “Deep Sea Freight” companies have a potential upside of 38.11%. Given Costamare’s competitors higher possible upside, analysts clearly believe Costamare has less favorable growth aspects than its competitors.

Volatility & Risk

Costamare has a beta of 2.22, indicating that its stock price is 122% more volatile than the S&P 500. Comparatively, Costamare’s competitors have a beta of 2.06, indicating that their average stock price is 106% more volatile than the S&P 500.

Earnings & Valuation

This table compares Costamare and its competitors top-line revenue, earnings per share and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Costamare $438.93 million $280.04 million 16.26
Costamare Competitors $229.07 million $92.01 million -2.51

Costamare has higher revenue and earnings than its competitors. Costamare is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Costamare and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Costamare 12.70% 8.94% 3.83%
Costamare Competitors -97.12% -16.36% -5.76%

Dividends

Costamare pays an annual dividend of $0.40 per share and has a dividend yield of 6.5%. Costamare pays out 105.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Deep Sea Freight” companies pay a dividend yield of 7.2% and pay out 0.0% of their earnings in the form of a dividend. Costamare lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.

Summary

Costamare beats its competitors on 8 of the 15 factors compared.

Costamare Company Profile

Costamare Inc. (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters. As of March 10, 2017, the Company had a fleet of 69 containerships with a total capacity of approximately 456,000 TEU, including five newbuilds on order. The Company’s fleet of vessels includes Cosco Guangzhou, Titan, Cosco Yantian, Valor, Valiant and Maersk Kobe. Its subsidiaries include Adele Shipping Co., Bastian Shipping Co., Cadence Shipping Co., Jodie Shipping Co. and Kayley Shipping Co.

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