Euronav (NYSE:CMBT) vs. Costamare (NYSE:CMRE) Financial Analysis

Costamare (NYSE:CMRE) and Euronav (NYSE:CMBT) are both transportation companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, risk, earnings, valuation, profitability, analyst recommendations and dividends.

Insider and Institutional Ownership

58.1% of Costamare shares are owned by institutional investors. 23.2% of Costamare shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Volatility and Risk

Costamare has a beta of 1.33, suggesting that its stock price is 33% more volatile than the S&P 500. Comparatively, Euronav has a beta of -0.11, suggesting that its stock price is 111% less volatile than the S&P 500.

Analyst Ratings

This is a summary of recent ratings and target prices for Costamare and Euronav, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Costamare	0	2	0	0	2.00
Euronav	0	0	0	0	0.00

Costamare presently has a consensus price target of $13.50, indicating a potential upside of 3.69%. Given Costamare’s stronger consensus rating and higher possible upside, analysts plainly believe Costamare is more favorable than Euronav.

Dividends

Costamare pays an annual dividend of $0.46 per share and has a dividend yield of 3.5%. Euronav pays an annual dividend of $0.52 per share and has a dividend yield of 5.1%. Costamare pays out 15.3% of its earnings in the form of a dividend. Euronav pays out 8.8% 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. Euronav is clearly the better dividend stock, given its higher yield and lower payout ratio.

Profitability

This table compares Costamare and Euronav’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Costamare	19.11%	14.28%	6.74%
Euronav	117.02%	22.29%	10.17%

Valuation & Earnings

This table compares Costamare and Euronav”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Costamare	$2.03 billion	0.75	$385.75 million	$3.01	4.33
Euronav	$982.85 million	2.01	$858.03 million	$5.93	1.71

Euronav has lower revenue, but higher earnings than Costamare. Euronav is trading at a lower price-to-earnings ratio than Costamare, indicating that it is currently the more affordable of the two stocks.

Summary

Euronav beats Costamare on 8 of the 15 factors compared between the two stocks.

About Costamare

Costamare Inc. owns and operates containerships and dry bulk vessels that are chartered to liner companies providing transportation of cargoes worldwide. As of March 19, 2024, it had a fleet of fleet of 68 containerships and 37 dry bulk vessels. The company was founded in 1974 and is based in Monaco.

About Euronav

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.