Costamare Bulkers Holdings Limited (CMDB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Costamare Bulkers Holdings Limited stock $24.80, price $18.48, upside +34.2%, quality 47 out of 100. Rating: undervalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
18‑month range $8.64 – $24.51 · fair‑value band $20.22 – $29.64 · the $18.48 price screens below the $24.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Costamare Bulkers Holdings Limited engages in the ownership and operation of dry bulk vessels worldwide. As of 16 March 2026, it owns 31 dry bulk vessels. The company was incorporated in 2023 and is based in Monaco.
Stock analysis
Costamare Bulkers Holdings Limited (CMDB) currently trades at $18.48, while our model-based Fair Value estimate is $24.80, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $26.86 per share, and 6 of the 10 models we run sit above the $18.48 price.
Bear case: the Multiples group reads lowest at $15.13, and 4 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: $20.22 (bear) to $29.64 (bull), the price of $18.48 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Costamare Bulkers Holdings Limited reported revenue of $597M in FY2025 versus $316M in FY2022, a compound +23.6%/yr. Reported net income was −$37.4M in FY2025.
Key figures
Market cap $448M Small · P/E ratio 616.0 · P/S ratio 0.67 · EPS (TTM) $0.0300 · Net margin 0.6% · Return on equity 0.6% · Return on assets (EBIT) −0.9% (4-year average) · Operating margin 6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 46% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 34%, CMDB screens cheaper than that median.
Fair Value models
Bear$20.22Fair Value $24.80Bull$29.64
Price $18.48 · Upside +34.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.0257 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director sold shares worth $442,915 and none bought.
SaleGrigorios ZikosChief Executive Officer, Director24,203 shares at $18.30$442,915Aug 6, 2026
BuyKaterina EleftheriouDirector65 shares at $15.11$982Mar 27, 2026
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−50.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.6%
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
34.5% (2022) → −3.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −6.1% a year for the price.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 220 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+34.2% · Above median
Profitability
Return on equity (12 months)0.6% · Bottom 25%
Return on assets−3.4% · Bottom 25%
Net margin (12 months)0.6% · Bottom 25%
Operating margin (12 months)6.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−28.4% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.18× · Below median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Is Costamare Bulkers Holdings Limited (CMDB) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $24.80 versus a price of $18.48, about +34% upside (undervalued).
What is the fair value of CMDB?
Our model-based fair value for Costamare Bulkers Holdings Limited is $24.80 (as of Nov 6, 2026), built from audited fundamentals. The current price: $18.48.
What is the quality score of CMDB?
Costamare Bulkers Holdings Limited has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Costamare Bulkers Holdings Limited (CMDB)?
Our model-based price target is the fair value of $24.80 (as of Nov 6, 2026) from 10 valuation models. Cautious scenario $20.22, optimistic scenario $29.64. It is a calculation from audited fundamentals, not an analyst target.
What is the Costamare Bulkers Holdings Limited stock forecast for 2026?
Our models put fair value at $24.80, about +34% upside versus a price of $18.48 (undervalued). Cautious scenario $20.22, optimistic scenario $29.64. The calculation is refreshed regularly with new filings.
What is the revenue of Costamare Bulkers Holdings Limited (CMDB)?
Costamare Bulkers Holdings Limited reported trailing-twelve-month revenue of about $664M (latest available figure, as of Nov 6, 2026).
What growth is priced into Costamare Bulkers Holdings Limited (CMDB)?
For today's price to be fair in a discounted-cash-flow model, Costamare Bulkers Holdings Limited would have to grow free cash flow by -3.9 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +23.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of CMDB use?
Our models discount Costamare Bulkers Holdings Limited at 11.2 %: a base by market capitalisation (small), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Costamare Bulkers Holdings Limited that is -3.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Costamare Bulkers Holdings Limited (CMDB) delivered so far?
Over the past 3 years revenue at Costamare Bulkers Holdings Limited grew +23.6 % a year. The price currently implies free-cash-flow growth of -3.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Costamare Bulkers Holdings Limited (CMDB) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Costamare Bulkers Holdings Limited (-3.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Costamare Bulkers Holdings Limited (CMDB)?
The free-cash-flow yield on the price is 9.80 %: that much free cash flow Costamare Bulkers Holdings Limited produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Costamare Bulkers Holdings Limited (CMDB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Costamare Bulkers Holdings Limited it is $24.80 per share (as of Nov 6, 2026), against a price of $18.48. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Costamare Bulkers Holdings Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, CMDB trades below its calculated fair value: price $18.48, fair value $24.80, a gap of about +34% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CMDB?
No. The price is what the market pays today ($18.48); the fair value is what the company's own numbers justify ($24.80). For Costamare Bulkers Holdings Limited the two are $6.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Costamare Bulkers Holdings Limited worth?
The market values Costamare Bulkers Holdings Limited at about $448M (market capitalisation, as of Nov 6, 2026). Per share that is $18.48; our models calculate a fair value of $24.80 per share.
What do the bullish and bearish scenarios say about CMDB?
Our models span a range for Costamare Bulkers Holdings Limited: cautious scenario $20.22, base $24.80, optimistic $29.64 per share (as of Nov 6, 2026, price $18.48). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Costamare Bulkers Holdings Limited (CMDB)?
Balance-sheet figures for Costamare Bulkers Holdings Limited (as of Nov 6, 2026): return on equity 0.6%, debt of 0.18 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is CMDB from its 52-week high?
Costamare Bulkers Holdings Limited trades at $18.48, about 25% below its 52-week high of $24.51 and 46% above the low of $12.66 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $24.80 is for.
Which stocks are comparable to Costamare Bulkers Holdings Limited?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Costamare Bulkers Holdings Limited stock attractive at the current price?
The data as of Nov 6, 2026: price $18.48, calculated fair value $24.80 (+34%), Quality Score 47/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CMDB calculated?
We run Costamare Bulkers Holdings Limited through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of $24.80 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Costamare Bulkers Holdings Limited currently trades 25% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Costamare Bulkers Holdings Limited (CMDB)?
The closing price on Nov 6, 2026 was $18.48. Our model-based fair value is $24.80, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Costamare Bulkers Holdings Limited right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($20.22). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Costamare Bulkers Holdings Limited
How large is the market capitalisation of Costamare Bulkers Holdings Limited (CMDB)?
The market capitalisation of Costamare Bulkers Holdings Limited is $448M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Costamare Bulkers Holdings Limited (CMDB)?
The price-to-earnings ratio of Costamare Bulkers Holdings Limited is 616.0. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Costamare Bulkers Holdings Limited (CMDB)?
The price-to-sales ratio of Costamare Bulkers Holdings Limited is 0.67 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Costamare Bulkers Holdings Limited (CMDB)?
Earnings per share at Costamare Bulkers Holdings Limited are $0.0300 (price ÷ EPS = P/E 616.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Costamare Bulkers Holdings Limited (CMDB)?
The net margin of Costamare Bulkers Holdings Limited is 0.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Costamare Bulkers Holdings Limited (CMDB)?
The return on equity (ROE) of Costamare Bulkers Holdings Limited is 0.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Costamare Bulkers Holdings Limited (CMDB)?
On an EBIT basis the return on assets of Costamare Bulkers Holdings Limited is −0.9% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Costamare Bulkers Holdings Limited (CMDB)?
The operating margin of Costamare Bulkers Holdings Limited is 6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Costamare Bulkers Holdings Limited (CMDB)?
Revenue at Costamare Bulkers Holdings Limited is growing −28.4% versus a year earlier (3y avg +23.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Costamare Bulkers Holdings Limited (CMDB) hold?
Costamare Bulkers Holdings Limited holds more cash than debt, $20.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026