DAC vs. CMRE, LPG, NMM, CDLR, SFL, NVGS, DHT, ZIM, SBLK, and GNK
Should you be buying Danaos stock or one of its competitors? The main competitors of Danaos include Costamare (CMRE), Dorian LPG (LPG), Navios Maritime Partners (NMM), Cadeler A/S (CDLR), SFL (SFL), Navigator (NVGS), DHT (DHT), ZIM Integrated Shipping Services (ZIM), Star Bulk Carriers (SBLK), and Genco Shipping & Trading (GNK). These companies are all part of the "deep sea foreign transportation of freight" industry.
Costamare (NYSE:CMRE) and Danaos (NYSE:DAC) are both small-cap transportation companies, but which is the better business? We will contrast the two companies based on the strength of their community ranking, institutional ownership, dividends, valuation, media sentiment, earnings, risk, analyst recommendations and profitability.
Costamare received 130 more outperform votes than Danaos when rated by MarketBeat users. However, 56.10% of users gave Danaos an outperform vote while only 52.82% of users gave Costamare an outperform vote.
58.1% of Costamare shares are owned by institutional investors. Comparatively, 19.0% of Danaos shares are owned by institutional investors. 41.0% of Danaos shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Costamare presently has a consensus target price of $11.67, suggesting a potential downside of 22.66%. Danaos has a consensus target price of $105.00, suggesting a potential upside of 19.41%. Given Costamare's stronger consensus rating and higher probable upside, analysts plainly believe Danaos is more favorable than Costamare.
Danaos has a net margin of 59.19% compared to Danaos' net margin of 19.26%. Costamare's return on equity of 19.94% beat Danaos' return on equity.
In the previous week, Danaos had 9 more articles in the media than Costamare. MarketBeat recorded 11 mentions for Danaos and 2 mentions for Costamare. Danaos' average media sentiment score of 0.84 beat Costamare's score of 0.35 indicating that Costamare is being referred to more favorably in the media.
Costamare has a beta of 1.32, indicating that its stock price is 32% more volatile than the S&P 500. Comparatively, Danaos has a beta of 1.3, indicating that its stock price is 30% more volatile than the S&P 500.
Costamare pays an annual dividend of $0.46 per share and has a dividend yield of 3.0%. Danaos pays an annual dividend of $3.20 per share and has a dividend yield of 3.6%. Costamare pays out 17.8% of its earnings in the form of a dividend. Danaos pays out 11.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Danaos has increased its dividend for 2 consecutive years. Danaos is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Danaos has lower revenue, but higher earnings than Costamare. Danaos is trading at a lower price-to-earnings ratio than Costamare, indicating that it is currently the more affordable of the two stocks.
Summary
Danaos beats Costamare on 14 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding DAC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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