Bedrijfsoverzicht
Costamare Bulkers Holdings Limited is a specialized entity focused on the ownership and operation of dry bulk vessels across global markets. As of 16 March 2026, the company's fleet consists of 31 dry bulk vessels, allowing it to engage in international maritime logistics and cargo transportation. The firm operates within the Industrials sector, specifically the Marine Shipping industry, which implies its financial performance is directly correlated with global commodity trade cycles and freight rates. The company demonstrates a mid-sized market capitalization of $419.44M and generates annual revenue of $597.22M, supported by an operational workforce of 904 employees. These valuation and revenue figures indicate that Costamare holds a significant position in the dry bulk shipping niche, yet its market cap remains below its trailing twelve-month revenue multiple, suggesting a capitalization structure that does not fully reflect its current revenue generation scale.
Financiële gezondheid
The company reported total revenue of $597.22M over the trailing twelve months, while simultaneously recording a net income of $-37,352,000 and an EBITDA of $9.56M. The substantial negative gap between the reported net income of $-37.35M and the positive EBITDA of $9.56M reveals a heavy cost structure dominated by interest expenses and non-operating costs that erode operating profits into a net loss. Despite the net loss, the entity maintains robust free cash flow of $65.24M, which indicates strong financial flexibility to fund operations or reduce debt without relying on external equity issuance. The gross margin stands at 6.7%, reflecting the low-margin nature of the shipping industry where revenue is heavily impacted by fluctuating freight rates. However, the operating margin is negative at -12.2%, and the profit margin is -6.3%, indicating that overhead costs and financing charges are consuming the entire operating profit and driving the bottom line into the red. On the balance sheet, the company holds $211.84M in cash against $194.75M in total debt, resulting in a debt-to-equity ratio of 29.26, which suggests a leveraged position where cash reserves significantly exceed debt obligations. The current ratio is 2.38, a metric that indicates strong short-term liquidity and the ability to meet immediate financial obligations using current assets. Return on Equity is -6.9% and Return on Assets is -1.1%, figures that reveal that management is currently generating negative returns on the capital invested by shareholders and the total asset base, respectively.
Waarderingsbeoordeling
The trailing P/E ratio and forward P/E ratio are both listed as N/A, which implies that traditional earnings-based valuation multiples cannot be calculated due to the company's negative net income over the trailing twelve months. In the absence of a trailing P/E, the price-to-book ratio serves as a primary valuation metric, standing at 0.63, which indicates the company is trading at a significant discount to its book value per share. The price-to-sales ratio is 0.70, and the EV/EBITDA is 41.86; these alternative metrics suggest that while revenue-based valuation appears reasonable relative to sales, the high EV/EBITDA multiple reflects the market's pricing of the company's negative earnings and high leverage. The stock's price volatility is contextualized by a 52-week high of $19.93 and a 52-week low of $8.46, meaning the current price sits within this historical range, trading below the recent peak but above the yearly trough. The beta value is listed as N/A, so the stock's sensitivity to broader market movements relative to the S&P 500 cannot be quantified using standard regression analysis data provided.
Growth & Income
Revenue growth year-over-year and earnings growth year-over-year are both N/A, preventing a direct comparison of whether earnings are growing faster or slower than revenue during the reported period. As a non-dividend payer, the company does not distribute income to shareholders, evidenced by a dividend yield of N/A and a payout ratio of 0.0%. This lack of dividend distribution implies that the company retains all earnings, although currently negative, potentially for future fleet expansion or debt reduction rather than shareholder payouts. The overall growth and income profile is characterized by the absence of dividend income and the inability to calculate growth rates due to missing year-over-year data in the provided financial statements.