Costamare Bulkers Holdings Limited (CMDB) vs Diana Shipping inc. (DSX)

Costamare Bulkers Holdings Limited and Diana Shipping inc. are both Marine Shipping companies. Costamare Bulkers Holdings Limited is the larger, with a market value of $554.1M against $359.6M — 1.5× the size. Diana Shipping inc. trades at the lower P/E: 5.7× against 13.1×. Diana Shipping inc. has the higher net margin (25.2% vs 0.00%) and the higher return on invested capital (2.88% vs 0.00%). Across the 14 metrics below, Diana Shipping inc. leads on 11 and Costamare Bulkers Holdings Limited on 3.

Valuation

Metric CMDB DSX Marine Shipping median
P/E 13.11 5.71 6.89
P/S n/m 1.48 1.92
P/B 0.78 0.58 0.90
Price to free cash flow 4.01 2.42 4.62
EV/EBITDA n/m 16.14 6.57
EV/Sales n/m 3.11 2.73
Earnings yield 7.63% 17.50% 9.59%
Free cash flow yield 24.96% 41.26% 16.76%

Profitability

Metric CMDB DSX Marine Shipping median
Gross margin — 56.68% 60.61%
Operating margin — 19.25% 27.74%
Net margin 0.00% 25.21% 25.21%
Free cash flow margin 0.00% 61.21% 17.29%
Return on equity (0.90%) 10.35% 8.62%
Return on assets (0.67%) 4.68% 5.35%
Return on invested capital 0.00% 2.88% 5.32%

Growth

Metric CMDB DSX Marine Shipping median
Revenue growth (TTM) — (3.68%) 13.26%
EPS growth (last fiscal year) (280.65%) 120.00% —
Revenue growth, 5-year CAGR — 4.70% 11.77%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric CMDB DSX Marine Shipping median
Debt to equity 0.23 1.10 0.52
Current ratio 3.33 2.05 1.63
Net debt to EBITDA (17.24) 4.50 2.34

Dividend

Metric CMDB DSX Marine Shipping median
Dividend yield — 19.41% 5.54%
Payout ratio — 0.81 0.13

Size

Metric CMDB DSX Marine Shipping median
Market cap 554.07m 359.56m 420.73m

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