CB

Costamare Bulkers Holdings Ltd

CMDB·NYSE

$16.56

-1.9%
IndustrialsMarine Shipping

Costamare Bulkers Holdings Limited is an international operator of dry bulk vessels, providing transportation services for major commodities such as grain, coal, and iron ore. The Company manages vessel chartering and freight contracts through its integrated dry bulk platform. Headquartered in Monaco, it was established as a spin-off from Costamare Inc.

At a Glance

Live Snapshot
Market Cap$400.43M
EPS-1.5400
P/E Ratio-9.98
Earnings Date08/07/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -10.0).

Valuation inputs: P/E -10.0, earnings yield N/A, momentum -1.9%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -4.8%, ROIC -1.9%).

Profitability stack: net margin -6.3%, ROE -4.8%, ROIC -1.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +28.4%, momentum -1.9%, net margin -6.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Costamare Bulkers Holdings Ltd Market vs Earnings Trajectory

CMDB · NYSE

Loading price and EPS data...

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Costamare Bulkers Holdings Ltd Fair Value Envelope

CMDB · NYSE

Our analysis suggests that CMDB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $16.56, this represents a potential HIDDEN relative to our calculated worth for Costamare Bulkers Holdings Ltd.

Intrinsic Value
Current Price: $16.56
3Y-141.0%
5Y-141.0%
10Y-141.0%
3Y+89.0%
5Y+89.0%
10Y+89.0%
3Y-141.0%
5Y-141.0%
10Y-141.0%
3Y-36.0%
5Y-36.0%
10Y-36.0%
3Y-29.0%
5Y-29.0%
10Y-29.0%
3Y+25.0%
5Y+25.0%
10Y+25.0%
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Costamare Bulkers Holdings Ltd Profit Bridge

CMDB · NYSE
Revenue597.22M
Cost of Goods Sold (522.96M)
Gross Profit74.26M
Operating Expenses (93.11M)
Operating Income-18.85M
Interest Expense (9.03M)
Other Income/Expense-18.50M
Pretax Income-37.35M
Income Tax (0.00)
Net Income-37.35M
Net Income
-37.35M

Profitability Analysis

Gross Margin

12.4%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-3.2%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-6.3%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

12.43%
Gross Profit Margin
9%
3Y-86.0%
5Y-86.0%
10Y-86.0%
-3.16%
Operating Profit Margin
12%
3Y-109.0%
5Y-109.0%
10Y-109.0%
-6.25%
Net Profit Margin
-24%
3Y-122.0%
5Y-122.0%
10Y-122.0%
-4.78%
Return on Equity
-79%
3Y-124.0%
5Y-124.0%
10Y-124.0%
-3.42%
Return on Assets
-57%
3Y-133.0%
5Y-133.0%
10Y-133.0%
-1.87%
Return on Invested Capital
-37%
3Y-114.0%
5Y-114.0%
10Y-114.0%
C

Costamare Bulkers Holdings Ltd Cash Conversion Engine

CMDB · NYSE
Net Income-37.35M
Depreciation & Amortization28.41M
Stock-Based Compensation2.12M
Change in Working Capital70.13M
Others12.28M
Capital Expenditures-31.69M
Free Cash Flow43.90M

Cash Flow Quality Analysis

FCF Conversion Rate

-117.5%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

41.9%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

+119.2%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$70.13M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

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Costamare Bulkers Holdings Ltd Funding & Solvency Profile

CMDB · NYSE
Cash & Cash Equivalents293.93M
Net Receivables25.92M
Inventory16.79M
Other Current Assets34.67M
Total Current Assets371 M
Property, Plant & Equipment632.09M
Goodwill & Intangible Assets0.00
Long-Term Investments11.42M
Other Non-Current Assets25.53M
Total Non-Current Assets669 M
Total Assets
1.04B

Financial Health Analysis

Current Ratio

3.29x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.33x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

258 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

36% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Costamare Bulkers Holdings Ltd Street Expectations Map

CMDB · NYSE

No Target Data

No analyst price targets available for cmdb.

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Costamare Bulkers Holdings Ltd Insider Positioning

CMDB · NYSE

During the last 12 months, insiders have purchased $982 worth of CMDB shares, with no selling activity reported.

3 Months

Bought

65

982.00

Sold

0

0.00

Net Activity

+982

+$982

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
EK

Eleftheriou Katerina

Director

65 shares1 transactions

$982

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $982 net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Recent Trend (3 Months)

$982

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

High Buying

1 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Unanimous insider buying: Zero selling combined with active buying is rare and typically very bullish. Insiders appear to see significant upside with limited downside risk.

No Dividend Yield Data

CMDB has not reported any dividend yield values in the available annual periods.

 

cmdb Dividend History

CMDB
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%