Costamare (NYSE: CMRE) is one of 24 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 companies based on the strength of its analyst recommendations, valuation, dividends, risk, institutional ownership, profitability and earnings.

Institutional & Insider Ownership

27.0% of Costamare shares are owned by institutional investors. Comparatively, 56.3% of shares of all “Deep Sea Freight” companies are owned by institutional investors. 4.1% of shares of all “Deep Sea Freight” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Dividends

Costamare pays an annual dividend of $0.40 per share and has a dividend yield of 6.4%. 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 6.7% 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.

Volatility and Risk

Costamare has a beta of 2.17, suggesting that its share price is 117% more volatile than the S&P 500. Comparatively, Costamare’s competitors have a beta of 2.04, suggesting that their average share price is 104% more volatile than the S&P 500.

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 -99.98% -17.12% -6.04%

Analyst Recommendations

This is a summary of current ratings and target prices for Costamare and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Costamare 0 3 2 0 2.40
Costamare Competitors 140 459 585 5 2.38

Costamare currently has a consensus price target of $7.30, suggesting a potential upside of 16.99%. As a group, “Deep Sea Freight” companies have a potential upside of 26.89%. Given Costamare’s competitors higher probable upside, analysts clearly believe Costamare has less favorable growth aspects than its competitors.

Valuation & Earnings

This table compares Costamare and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Costamare $438.93 million $280.04 million 16.42
Costamare Competitors $223.90 million $92.85 million -2.59

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.

Summary

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

About Costamare

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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