Costamare Bulkers Holdings Limited (CMDB) vs Genco Shipping & Trading Limited (GNK)

Costamare Bulkers Holdings Limited and Genco Shipping & Trading Limited are both Marine Shipping companies. Genco Shipping & Trading Limited is the larger, with a market value of $1.2B against $554.1M — 2.1× the size. Costamare Bulkers Holdings Limited trades at the lower P/E: 13.1× against 28.4×. Genco Shipping & Trading Limited has the higher net margin (9.15% vs 0.00%) and the higher return on invested capital (3.11% vs 0.00%). Across the 13 metrics below, Costamare Bulkers Holdings Limited leads on 8 and Genco Shipping & Trading Limited on 5.

Valuation

Metric CMDB GNK Marine Shipping median
P/E 13.11 28.36 6.89
P/S n/m 2.60 1.92
P/B 0.78 1.29 0.90
Price to free cash flow 4.01 n/m 4.62
EV/EBITDA n/m 9.24 6.57
EV/Sales n/m 3.16 2.73
Earnings yield 7.63% 3.53% 9.59%
Free cash flow yield 24.96% (11.85%) 16.76%

Profitability

Metric CMDB GNK Marine Shipping median
Gross margin — 43.86% 60.61%
Operating margin — 12.84% 27.74%
Net margin 0.00% 9.15% 25.21%
Free cash flow margin 0.00% (30.77%) 17.29%
Return on equity (0.90%) 4.52% 8.62%
Return on assets (0.67%) 3.50% 5.35%
Return on invested capital 0.00% 3.11% 5.32%

Growth

Metric CMDB GNK Marine Shipping median
Revenue growth (TTM) — 25.64% 13.26%
EPS growth (last fiscal year) (280.65%) (105.71%) —
Revenue growth, 5-year CAGR — (0.77%) 11.77%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric CMDB GNK Marine Shipping median
Debt to equity 0.23 0.36 0.52
Current ratio 3.33 2.97 1.63
Net debt to EBITDA (17.24) 1.44 2.34

Dividend

Metric CMDB GNK Marine Shipping median
Dividend yield — 4.63% 5.54%
Payout ratio — 0.98 0.13

Size

Metric CMDB GNK Marine Shipping median
Market cap 554.07m 1.15b 420.73m

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