CMRE vs. DAC, NMM, ZIM, CDLR, LPG, NVGS, DHT, SFL, GNK, and GSL
Should you be buying Costamare stock or one of its competitors? The main competitors of Costamare include Danaos (DAC), Navios Maritime Partners (NMM), ZIM Integrated Shipping Services (ZIM), Cadeler A/S (CDLR), Dorian LPG (LPG), Navigator (NVGS), DHT (DHT), SFL (SFL), Genco Shipping & Trading (GNK), and Global Ship Lease (GSL). These companies are all part of the "deep sea foreign transportation of freight" industry.
Costamare (NYSE:CMRE) and Danaos (NYSE:DAC) are both small-cap transportation companies, but which is the superior business? We will contrast the two companies based on the strength of their profitability, dividends, community ranking, analyst recommendations, earnings, risk, valuation, institutional ownership and media sentiment.
Danaos has a net margin of 59.19% compared to Costamare's net margin of 25.26%. Danaos' return on equity of 19.94% beat Costamare's return on equity.
Danaos has lower revenue, but higher earnings than Costamare. Danaos is trading at a lower price-to-earnings ratio than Costamare, indicating that it is currently the more affordable of the two stocks.
Costamare has a beta of 1.32, meaning that its stock price is 32% more volatile than the S&P 500. Comparatively, Danaos has a beta of 1.3, meaning that its stock price is 30% more volatile than the S&P 500.
Costamare received 129 more outperform votes than Danaos when rated by MarketBeat users. However, 55.98% of users gave Danaos an outperform vote while only 52.76% of users gave Costamare an outperform vote.
Costamare presently has a consensus target price of $11.50, suggesting a potential downside of 8.59%. Danaos has a consensus target price of $90.00, suggesting a potential upside of 13.25%. Given Danaos' stronger consensus rating and higher probable upside, analysts clearly believe Danaos is more favorable than Costamare.
In the previous week, Costamare had 1 more articles in the media than Danaos. MarketBeat recorded 3 mentions for Costamare and 2 mentions for Danaos. Costamare's average media sentiment score of 0.28 beat Danaos' score of 0.10 indicating that Costamare is being referred to more favorably in the media.
Costamare pays an annual dividend of $0.46 per share and has a dividend yield of 3.7%. Danaos pays an annual dividend of $3.20 per share and has a dividend yield of 4.0%. Costamare pays out 15.6% of its earnings in the form of a dividend. Danaos pays out 11.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Danaos is clearly the better dividend stock, given its higher yield and lower payout ratio.
58.1% of Costamare shares are owned by institutional investors. Comparatively, 19.0% of Danaos shares are owned by institutional investors. 41.0% of Danaos shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Summary
Danaos beats Costamare on 12 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CMRE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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