TOP SHIPS (NASDAQ:TOPS) and COSTAMARE INC/SH (NYSE:CMRE) are both small-cap transportation companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, valuation, institutional ownership, profitability, earnings and dividends.
Institutional & Insider Ownership
0.2% of TOP SHIPS shares are held by institutional investors. Comparatively, 21.4% of COSTAMARE INC/SH shares are held by institutional investors. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
This table compares TOP SHIPS and COSTAMARE INC/SH’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Risk & Volatility
TOP SHIPS has a beta of -0.47, indicating that its stock price is 147% less volatile than the S&P 500. Comparatively, COSTAMARE INC/SH has a beta of 2.23, indicating that its stock price is 123% more volatile than the S&P 500.
This is a breakdown of current ratings and recommmendations for TOP SHIPS and COSTAMARE INC/SH, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
TOP SHIPS currently has a consensus target price of $1.00, indicating a potential upside of 88.68%. COSTAMARE INC/SH has a consensus target price of $7.50, indicating a potential upside of 46.48%. Given TOP SHIPS’s stronger consensus rating and higher probable upside, equities research analysts plainly believe TOP SHIPS is more favorable than COSTAMARE INC/SH.
COSTAMARE INC/SH pays an annual dividend of $0.40 per share and has a dividend yield of 7.8%. TOP SHIPS does not pay a dividend. COSTAMARE INC/SH pays out 95.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Earnings and Valuation
This table compares TOP SHIPS and COSTAMARE INC/SH’s gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|TOP SHIPS||$41.05 million||0.32||-$11.13 million||N/A||N/A|
|COSTAMARE INC/SH||$380.40 million||1.51||$81.70 million||$0.42||12.19|
COSTAMARE INC/SH has higher revenue and earnings than TOP SHIPS.
COSTAMARE INC/SH beats TOP SHIPS on 9 of the 12 factors compared between the two stocks.
About TOP SHIPS
Top Ships Inc. owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2018, it had a fleet of two bareboat chartered-in 50,000 deadweight ton (dwt) product/chemical tankers vessels, the M/T Stenaweco Energy and the M/T Stenaweco Evolution; two 39,000 dwt product/chemical tankers vessels, the M/T Eco Fleet and the M/T Eco Revolution; six 50,000 dwt product/chemical tankers, the M/T Stenaweco Excellence, M/T Nord Valiant, M/T Stenaweco Elegance, the M/T Eco Palm Desert, the M/T Eco California, and the M/T Eco Marina Del Ray; two 50,000 dwt product/chemical tankers, the M/T Eco Holmby Hills and the M/T Palm Springs; and a 157,000 dwt Suezmax vessel M/T Eco Bel Air. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was founded in 2000 and is based in Maroussi, Greece.
About COSTAMARE INC/SH
Costamare Inc. owns and charters containerships to liner companies worldwide. As of February 27, 2019, it had a fleet of 78 containerships with a total capacity of approximately 548,000 twenty foot equivalent unit (TEU), including 73 vessels in the water, aggregating approximately 484,000 TEU; and 5 new build vessels of 64,000 TEU. The company was founded in 1974 and is based in Monaco.
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