Costamare Bulkers Holdings Limited Common Stock (CMDB)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Costamare Bulkers as an asset-heavy, cyclical shipping business: 31 dry bulk vessels, incorporated only in 2023, with 904 employees. At the 2026-10-13 close of $21.33 and a $402.5M market cap, the stock sells at 0.76 times book and 14.32 times trailing EPS of $1.49. The Graham Number is $30.69, leaving a 30.50% margin of safety, which gets my attention. Cash flow is also real: trailing free cash flow is $24.3M, a 6.0% FCF yield, and EV/EBITDA is 6.95. But the quality of the business is questionable. Return on equity is 0.63% and return on capital employed is 0.39%; those are not the numbers of a durable franchise. In the latest reported quarter, 2026-Q2, revenue was $111.6M, net income was $5.2M, and net margin was 4.63%. Revenue growth was -28.39%, while profit growth was 119.47%, which suggests volatility rather than steady compounding. Debt/equity of 0.25 is manageable, but Piotroski F-Score of 3/9 and Altman Z-Score of 1.42 warn of financial fragility. The Lynch category is none because only zero years of filed annual results exist; I need more history. Shipping has no wide moat, rates are cyclical, and vessels are commodities. So this is a statistically cheap asset play, not a wonderful business. I would want evidence that returns can improve before trusting the low price.

In plain English: The company owns and operates dry bulk ships. Its profits are thin and sales have fallen, but the shares trade below the value of its net assets and below a conservative value estimate. Its short history makes the business hard to judge.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer