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Costamare (STU:LCM) Cyclically Adjusted Price-to-FCF : 6.97 (As of Apr. 28, 2024)


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What is Costamare Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Costamare's current share price is €10.88. Costamare's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €1.56. Costamare's Cyclically Adjusted Price-to-FCF for today is 6.97.

The historical rank and industry rank for Costamare's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:LCM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.86   Med: 9.73   Max: 26.59
Current: 6.66

During the past years, Costamare's highest Cyclically Adjusted Price-to-FCF was 26.59. The lowest was 4.86. And the median was 9.73.

STU:LCM's Cyclically Adjusted Price-to-FCF is ranked better than
80.98% of 410 companies
in the Transportation industry
Industry Median: 17.605 vs STU:LCM: 6.66

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Costamare's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.591. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.56 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Costamare Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Costamare's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Costamare Cyclically Adjusted Price-to-FCF Chart

Costamare Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.58 11.34 19.65 10.35 5.89

Costamare Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.35 8.31 6.54 5.94 5.89

Competitive Comparison of Costamare's Cyclically Adjusted Price-to-FCF

For the Marine Shipping subindustry, Costamare's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Costamare's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Costamare's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Costamare's Cyclically Adjusted Price-to-FCF falls into.



Costamare Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Costamare's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.88/1.56
=6.97

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Costamare's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Costamare's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.591/129.4194*129.4194
=0.591

Current CPI (Dec. 2023) = 129.4194.

Costamare Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.128 99.695 0.166
201406 0.225 100.560 0.290
201409 1.868 100.428 2.407
201412 0.586 99.070 0.766
201503 0.673 99.621 0.874
201506 0.764 100.684 0.982
201509 0.700 100.392 0.902
201512 0.782 99.792 1.014
201603 0.677 100.470 0.872
201606 0.712 101.688 0.906
201609 0.578 101.861 0.734
201612 0.593 101.863 0.753
201703 0.541 102.862 0.681
201706 -0.075 103.349 -0.094
201709 0.367 104.136 0.456
201712 0.289 104.011 0.360
201803 0.279 105.290 0.343
201806 -0.286 106.317 -0.348
201809 -0.097 106.507 -0.118
201812 0.075 105.998 0.092
201903 0.345 107.251 0.416
201906 0.394 108.070 0.472
201909 0.442 108.329 0.528
201912 0.266 108.420 0.318
202003 0.337 108.902 0.400
202006 0.405 108.767 0.482
202009 0.182 109.815 0.214
202012 0.317 109.897 0.373
202103 -0.493 111.754 -0.571
202106 -0.702 114.631 -0.793
202109 -1.162 115.734 -1.299
202112 -1.297 117.630 -1.427
202203 0.766 121.301 0.817
202206 1.199 125.017 1.241
202209 1.154 125.227 1.193
202212 0.918 125.222 0.949
202303 0.170 127.348 0.173
202306 0.227 128.729 0.228
202309 -0.630 129.860 -0.628
202312 0.591 129.419 0.591

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Costamare  (STU:LCM) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Costamare Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Costamare's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Costamare (STU:LCM) Business Description

Industry
Address
7 Rue du Gabian, Monaco, MCO, MC 98000
Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates a majority of its revenue from the United States of America.

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