CMRE - NYSE

Costamare Inc.

Costamare Inc.

CMREยทNYSE

$15.44

-0.83%
IndustrialsMarine Shipping

Costamare Inc. owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. The company was founded in 1974 and is based in Monaco.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$1.86B
EPS2.8600
P/E Ratio5.40
Earnings Date07/30/2026
Costamare Inc.

Costamare Inc. Fair Value Envelope

CMRE ยท NYSE

Our analysis suggests that CMRE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $15.44, this represents a potential HIDDEN relative to our calculated worth for Costamare Inc..

HIDDEN
Intrinsic Value
Current Price: $15.44

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$2,064.7B
+ Cash & Equivalents$528.0M
Firm Value$2,065.2B
- Debt$1.5B
Equity Value$2,063.7B
/ Shares Outstanding120,589,000B
DCF Value$17.1K
UNDERVALUED BY 110740%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$993.7M
$1.8B
$3.3B
$6.2B
$11.3B
$20.7B
$38.1B
$69.9B
$128.3B
$235.6B
Maintenance CapEx
-$25.3M
-$46.5M
-$85.4M
-$156.7M
-$287.8M
-$528.4M
-$970.1M
-$1.8B
-$3.3B
-$6.0B
Owner Earnings
$968.4M
$1.8B
$3.3B
$6.0B
$11.0B
$20.2B
$37.1B
$68.1B
$125.0B
$229.6B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$896.7M
$1.5B
$2.6B
$4.4B
$7.5B
$12.7B
$21.6B
$36.8B
$62.6B
$106.3B
Terminal Value represents 87.6% of Enterprise Value

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