Costamare Inc. (CMRE)

Deep Sea Foreign Transportation of Freight

Latest Price

$15.14

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $2.86

Book value / share: $17.30

Formula: √(22.5 × EPS × BVPS)

Graham Number

$33.37

+120% upside

Norm. op. income: $456M (median of 7yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$20.28

+34% upside

EPS: $2.86

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$42.90

+183% upside