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Intrinsic value of Costamare Inc. (CMRE)

Previous Close$10.33
Intrinsic Value
Upside potential
Previous Close
$10.33
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh21.99 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Costamare Inc. owns and charters containerships to liner companies worldwide. As of February 25, 2020, it had a fleet of 75 containerships with a total capacity of approximately 547,000 twenty foot equivalent unit, including 5 vessels under construction. The company was founded in 1974 and is based in Monaco.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %72.4NaN
Revenue, $794NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m352NaN
Operating income, $m441NaN
EBITDA, $m589NaN
Interest expense (income), $mNaN
Earnings before tax, $m404NaN
Tax expense, $m0NaN
Net income, $m404NaN

BALANCE SHEET

Cash and short-term investments, $m285NaN
Total assets, $m4407NaN
Adjusted assets (=assets-cash), $m4122NaN
Average production assets, $m3697NaN
Working capital, $m56NaN
Total debt, $m2558NaN
Total liabilities, $m2681NaN
Total equity, $m1726NaN
Debt-to-equity ratio1.482NaN
Adjusted equity ratio0.420NaN

CASH FLOW

Net income, $m404NaN
Depreciation, amort., depletion, $m147NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m459NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-869NaN
Free cash flow, $m1329NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m56
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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