WallStSmart

Costamare Inc (CMRE)vsHafnia Limited (HAFN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Hafnia Limited generates 153% more annual revenue ($2.22B vs $877.90M). CMRE leads profitability with a 41.5% profit margin vs 13.9%. CMRE trades at a lower P/E of 5.5x. CMRE earns a higher WallStSmart Score of 71/100 (B).

CMRE

Strong Buy

71

out of 100

Grade: B

Growth: 4.7Profit: 8.5Value: 10.0Quality: 5.3
Piotroski: 5/9Altman Z: 1.48

HAFN

Hold

47

out of 100

Grade: D+

Growth: 3.3Profit: 6.5Value: 5.7Quality: 5.8
Piotroski: 2/9Altman Z: 2.23
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CMREUndervalued (+88.4%)

Margin of Safety

+88.4%

Fair Value

$144.61

Current Price

$17.05

$127.56 discount

UndervaluedFair: $144.61Overvalued
HAFNSignificantly Overvalued (-59.8%)

Margin of Safety

-59.8%

Fair Value

$4.15

Current Price

$7.47

$3.32 premium

UndervaluedFair: $4.15Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CMRE5 strengths · Avg: 10.0/10
P/E RatioValuation
5.5x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
41.5%10/10

Keeps 42 of every $100 in revenue as profit

Operating MarginProfitability
47.5%10/10

Strong operational efficiency at 47.5%

EPS GrowthGrowth
142.9%10/10

Earnings expanding 142.9% YoY

HAFN2 strengths · Avg: 9.0/10
P/E RatioValuation
11.9x10/10

Attractively priced relative to earnings

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Areas to Watch

CMRE3 concerns · Avg: 2.7/10
PEG RatioValuation
2.404/10

Expensive relative to growth rate

Revenue GrowthGrowth
-5.4%2/10

Revenue declined 5.4%

Altman Z-ScoreHealth
1.482/10

Distress zone — elevated risk

HAFN3 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Revenue GrowthGrowth
-18.5%2/10

Revenue declined 18.5%

EPS GrowthGrowth
-57.1%2/10

Earnings declined 57.1%

Comparative Analysis Report

WallStSmart Research

Bull Case : CMRE

The strongest argument for CMRE centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 41.5% and operating margin at 47.5%.

Bull Case : HAFN

The strongest argument for HAFN centers on P/E Ratio, Price/Book.

Bear Case : CMRE

The primary concerns for CMRE are PEG Ratio, Revenue Growth, Altman Z-Score.

Bear Case : HAFN

The primary concerns for HAFN are Piotroski F-Score, Revenue Growth, EPS Growth.

Key Dynamics to Monitor

CMRE carries more volatility with a beta of 1.12 — expect wider price swings.

CMRE is growing revenue faster at -5.4% — sustainability is the question.

HAFN generates stronger free cash flow (113M), providing more financial flexibility.

Monitor MARINE SHIPPING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

CMRE scores higher overall (71/100 vs 47/100), backed by strong 41.5% margins. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Costamare Inc

INDUSTRIALS · MARINE SHIPPING · USA

Costamare Inc. owns and leases container ships to shipping companies around the world. The company is headquartered in Monaco.

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Hafnia Limited

INDUSTRIALS · MARINE SHIPPING · USA

Hafnia Limited owns and operates oil product tankers in Bermuda. The company is headquartered in Hamilton, Bermuda.

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