Costamare Inc. (CMRE) vs Hornbeck Offshore Services Inc (HOS)

Costamare Inc. and Hornbeck Offshore Services Inc are both Marine Shipping companies. Costamare Inc. is the larger, with a market value of $1.6B against $1.2B — 1.3× the size. Costamare Inc. trades at the lower P/E: 4.8× against 19.9×. Hornbeck Offshore Services Inc grew revenue faster over the last twelve months: 1.97% against −4.19%. Costamare Inc. has the higher net margin (36.8% vs 3.04%) and the higher return on invested capital (7.21% vs 3.71%). Across the 22 metrics below, Hornbeck Offshore Services Inc leads on 12 and Costamare Inc. on 10.

Valuation

Metric CMRE HOS Marine Shipping median
P/E 4.82 19.93 7.37
P/S 1.81 0.61 1.71
P/B 0.65 0.50 0.85
Price to free cash flow 25.06 3.37 4.11
EV/EBITDA 4.61 1.68 5.98
EV/Sales 3.06 0.34 2.47
Earnings yield 20.73% 5.02% 13.14%
Free cash flow yield 3.99% 29.72% 19.49%

Profitability

Metric CMRE HOS Marine Shipping median
Gross margin 71.29% 14.06% 60.61%
Operating margin 46.30% 5.63% 27.74%
Net margin 36.80% 3.04% 25.21%
Free cash flow margin 0.00% 18.06% 18.27%
Return on equity 14.08% 2.52% 8.04%
Return on assets 7.63% 1.51% 5.13%
Return on invested capital 7.21% 3.71% 5.17%

Growth

Metric CMRE HOS Marine Shipping median
Revenue growth (TTM) (4.19%) 1.97% 10.81%
EPS growth (last fiscal year) 17.21% (41.67%) (20.39%)
Revenue growth, 5-year CAGR 13.78% 11.98% 11.95%
Net income growth, 5-year CAGR 0.00% 9.44% 0.00%

Health

Metric CMRE HOS Marine Shipping median
Debt to equity 0.77 0.19 0.44
Current ratio 2.52 3.47 1.67
Net debt to EBITDA 1.49 (0.54) 2.34

Dividend

Metric CMRE HOS Marine Shipping median
Dividend yield 3.76% — 4.83%
Payout ratio 0.18 — 0.30

Size

Metric CMRE HOS Marine Shipping median
Market cap 1.55b 1.19b 435.67m

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