CMRE vs. DAC, NMM, ZIM, LPG, CDLR, 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), Dorian LPG (LPG), Cadeler A/S (CDLR), 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.
Danaos (NYSE:DAC) and Costamare (NYSE:CMRE) are both small-cap transportation companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, media sentiment, valuation, profitability, earnings, risk, institutional ownership, community ranking and analyst recommendations.
Danaos has higher earnings, but lower revenue 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.
Danaos pays an annual dividend of $3.20 per share and has a dividend yield of 3.8%. Costamare pays an annual dividend of $0.46 per share and has a dividend yield of 3.1%. Danaos pays out 11.0% of its earnings in the form of a dividend. Costamare pays out 17.8% 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 has raised its dividend for 2 consecutive years. Danaos is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Danaos presently has a consensus price target of $90.00, indicating a potential upside of 5.70%. Costamare has a consensus price target of $11.67, indicating a potential downside of 20.36%. Given Costamare's stronger consensus rating and higher possible upside, equities research analysts clearly believe Danaos is more favorable than Costamare.
Danaos has a beta of 1.3, indicating that its stock price is 30% more volatile than the S&P 500. Comparatively, Costamare has a beta of 1.32, indicating that its stock price is 32% more volatile than the S&P 500.
In the previous week, Costamare had 7 more articles in the media than Danaos. MarketBeat recorded 8 mentions for Costamare and 1 mentions for Danaos. Danaos' average media sentiment score of 0.93 beat Costamare's score of 0.00 indicating that Costamare is being referred to more favorably in the news media.
19.0% of Danaos shares are owned by institutional investors. Comparatively, 58.1% of Costamare shares are owned by institutional investors. 41.0% of Danaos shares are owned by insiders. Comparatively, 23.2% of Costamare shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Costamare received 130 more outperform votes than Danaos when rated by MarketBeat users. However, 55.98% of users gave Danaos an outperform vote while only 52.75% of users gave Costamare an outperform vote.
Danaos has a net margin of 59.19% compared to Danaos' net margin of 19.26%. Costamare's return on equity of 19.94% beat Danaos' return on equity.
Summary
Danaos beats Costamare on 13 of the 20 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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