Costamare Inc (CMRE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Costamare Inc stock $20.50, price $12.72, upside +61.2%, quality 72 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 8, 2026.
How to read this chart
60‑month range $6.68 – $17.48 · fair‑value band $13.46 – $26.36 · the $12.72 price screens below the $20.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Costamare Inc. owns and operates containerships and dry bulk vessels worldwide. Its containerships are chartered to liner companies providing transportation of cargoes. The company also charters dry bulk vessels to various customers providing worldwide transportation for dry bulk cargoes.
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As of February 24, 2026, it had a fleet of fleet of 79 containerships and 38 dry bulk vessels. The company was founded in 1974 and is based in Monaco.
Stock analysis
Costamare Inc (CMRE) currently trades at $12.72, while our model-based Fair Value estimate is $20.50, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $59.55 per share, and 22 of the 26 models we run sit above the $12.72 price.
Bear case: the Dividend Discount group reads lowest at $8.62, and 4 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: $13.46 (bear) to $26.36 (bull), the price of $12.72 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 72/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Costamare Inc reported revenue of $878M in FY2025 versus $794M in FY2021, a compound +2.6%/yr. Reported net income was $365M in FY2025, compounding −4.3%/yr from FY2021.
Key figures
Market cap $1.5B Small · P/E ratio 4.9 · P/S ratio 1.80 · EPS (TTM) $2.60 · Dividend yield 3.8% · Net margin 39.3% · Return on equity 15.3% · Return on assets (EBIT) 10.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 61%, CMRE screens cheaper than that median.
Fair Value models
Bear$13.46Fair Value $20.50Bull$26.36
Price $12.72 · Upside +61.2%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 ($1.81 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.
Best data coverage
FCF DCF$38.40$61.21$92.9577
Growth DCF$38.31$59.45$87.5975
EPV$20.75$24.34$27.3374
All 26 models by family
DCF Models
FCF DCF$38.40$61.21$92.9577
Owner Earnings$36.09$57.70$87.7873
5Y Revenue Exit$16.81$24.24$32.9271
5Y EBITDA Exit$37.85$64.97$97.1172
5Y P/E Exit$37.23$63.76$92.2568
10Y Revenue Exit$24.91$33.79$44.7565
10Y EBITDA Exit$37.50$59.94$90.6565
10Y P/E Exit$37.14$59.16$87.1761
Earnings-Based
Graham-Dodd$20.51$75.13$101.4262
Lynch FV$17.92$25.60$33.2859
PEG = 1.0$17.92$25.60$33.2855
EPV$20.75$24.34$27.3374
Dividend Discount
Gordon GGM$5.03$8.99$12.2966
DDM Multi-Stage$5.03$8.25$9.6265
Multiples
P/E Multiple$47.50$63.33$79.1663
P/S Multiple$10.89$14.52$18.1558
P/B Multiple$58.24$77.65$97.0755
EV/EBIT$39.71$55.67$71.6366
EV/EBITDA$40.49$56.71$72.9267
EV/Revenue$0.9900$4.91$8.8348
Asset-Based
NCAV (Graham)$8.63$11.56$17.2654
Growth DCF
Growth DCF$38.31$59.45$87.5975
Rev-Margin DCF$16.32$23.23$31.0671
Economic Profit
Residual Income$17.17$21.94$32.5772
ROIC Compounder$21.69$28.02$35.6570
Growth Earnings
Growth-Adj P/E$33.65$48.07$62.4965
The fair value above starts from this blend and is adjusted for a cyclical peak year.
In the last 6 months, one officer or director sold shares worth $917,946 and none bought.
SaleGrigorios ZikosChief Financial Officer, Director59,840 shares at $15.34$917,946Jul 29, 2026
Plus 3 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+38.0%
Revenue growth 5 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.
+34.2%
Revenue growth 16 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.
+10.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+32.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.8%
Dividend (yield on the price)3.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.28.8% vs 7.0%, picking up
Profit margin 2020 to 2025 ⓘ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.13% → 52%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−11.9%
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 −14.0% a year for the price.
News mood ⓘNews mood, the average tone of recent news (82 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Price, fair value, quality and upside side by side.
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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 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+61.2% · Top 25%
Profitability
Return on equity (12 months)15.3% · Above median
Return on assets9.4% · Top 25%
Net margin (12 months)39.3% · Top 25%
Operating margin (12 months)45.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−2.1% · Bottom 25%
Dividend yield (12 months)3.8% · Above median
Balance sheet
Debt / equity0.60× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Costamare Inc Fair Value". https://www.fairvalue-calculator.com/stock/CMRE
Frequently asked questions
Is Costamare Inc (CMRE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $20.50 versus a price of $12.72, about +61% upside (undervalued).
What is the fair value of CMRE?
Our model-based fair value for Costamare Inc is $20.50 (as of Nov 8, 2026), built from audited fundamentals. The current price: $12.72.
What is the quality score of CMRE?
Costamare Inc has a Quality Score of 72/100. 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 Inc (CMRE)?
Our model-based price target is the fair value of $20.50 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario $13.46, optimistic scenario $26.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Costamare Inc stock forecast for 2026?
Our models put fair value at $20.50, about +61% upside versus a price of $12.72 (undervalued). Cautious scenario $13.46, optimistic scenario $26.36. The calculation is refreshed regularly with new filings.
What is the revenue of Costamare Inc (CMRE)?
Costamare Inc reported trailing-twelve-month revenue of about $853M (latest available figure, as of Nov 8, 2026).
Does Costamare Inc pay a dividend?
Costamare Inc currently shows a dividend yield of 3.77% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Costamare Inc (CMRE) and when is the ex-dividend date?
Costamare Inc pays a dividend of $0.48 per share a year, a dividend yield of 3.8%. The last ex-dividend date was Oct 20, 2026. A dividend has been paid every year since at least 2011. The payout ratio is 17.0% of earnings (on adjusted earnings, reported 18.5%). Free cash flow covers the dividend 8.14 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Costamare Inc (CMRE)?
For today's price to be fair in a discounted-cash-flow model, Costamare Inc would have to grow free cash flow by -11.9 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.8 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of CMRE use?
Our models discount Costamare Inc at 11.2 %: a base by market capitalisation (small), damped by beta 0.97, 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 Inc that is -11.9 % 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 Inc (CMRE) delivered so far?
Over the past 5 years revenue at Costamare Inc grew +13.8 % a year. The price currently implies free-cash-flow growth of -11.9 % 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 Inc (CMRE) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Costamare Inc (-11.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Costamare Inc (CMRE)?
The free-cash-flow yield on the price is 30.75 %: that much free cash flow Costamare Inc 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 Inc (CMRE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Costamare Inc it is $20.50 per share (as of Nov 8, 2026), against a price of $12.72. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Costamare Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, CMRE trades below its calculated fair value: price $12.72, fair value $20.50, a gap of about +61% (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 CMRE?
No. The price is what the market pays today ($12.72); the fair value is what the company's own numbers justify ($20.50). For Costamare Inc the two are $7.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Costamare Inc worth?
The market values Costamare Inc at about $1.5B (market capitalisation, as of Nov 8, 2026). Per share that is $12.72; our models calculate a fair value of $20.50 per share.
What do the bullish and bearish scenarios say about CMRE?
Our models span a range for Costamare Inc: cautious scenario $13.46, base $20.50, optimistic $26.36 per share (as of Nov 8, 2026, price $12.72). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CMRE?
Costamare Inc trades at a price-to-earnings ratio of 4.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $20.50 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 3.9 (reported for FY2025: 4.2). Other multiples: PEG 2.4, P/B 0.7, P/S 1.8, EV/EBITDA 4.3.
What is the PEG ratio of CMRE?
The PEG ratio of Costamare Inc is 2.40 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Costamare Inc (CMRE)?
Balance-sheet figures for Costamare Inc (as of Nov 8, 2026): return on equity 15.3%, debt of 0.60 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is CMRE from its 52-week high?
Costamare Inc trades at $12.72, about 27% below its 52-week high of $17.48 and at the low of $12.72 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $20.50 is for.
Which stocks are comparable to Costamare Inc?
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 Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $12.72, calculated fair value $20.50 (+61%), Quality Score 72/100, from 26 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 CMRE calculated?
We run Costamare Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $20.50 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 13.0% above its aggregate fair value. Costamare Inc currently trades 38% 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 Inc (CMRE)?
The closing price on Nov 6, 2026 was $12.72. Our model-based fair value is $20.50, about +61% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Costamare Inc right now?
The price is below even our cautious bear case ($13.46). 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. Solid quality (72/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($13.46 to $26.36) leaves room in how you read the outcome.
Key figures of Costamare Inc
How large is the market capitalisation of Costamare Inc (CMRE)?
The market capitalisation of Costamare Inc is $1.5B. 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/S ratio of Costamare Inc (CMRE)?
The price-to-sales ratio of Costamare Inc is 1.80 (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 Inc (CMRE)?
Earnings per share at Costamare Inc are $2.60 (price ÷ EPS = P/E 4.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Costamare Inc (CMRE)?
The dividend yield of Costamare Inc is 3.8% (payout 17.0%, on adjusted earnings, reported 18.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Costamare Inc (CMRE)?
The net margin of Costamare Inc is 39.3% (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 Inc (CMRE)?
The return on equity (ROE) of Costamare Inc is 15.3% (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 Inc (CMRE)?
On an EBIT basis the return on assets of Costamare Inc is 10.6% (avg 5y). 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 Inc (CMRE)?
The operating margin of Costamare Inc is 45.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Costamare Inc (CMRE)?
Revenue at Costamare Inc is growing −2.1% versus a year earlier (3y avg −7.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Costamare Inc (CMRE)?
Earnings per share at Costamare Inc are growing −4.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Costamare Inc (CMRE) carry?
The net debt of Costamare Inc is $987M (fiscal year 2025, ≈ 2.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026