WallStSmart

BW LPG Limited (BWLP)vsCostamare Inc (CMRE)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

BW LPG Limited generates 308% more annual revenue ($3.58B vs $877.90M). CMRE leads profitability with a 41.5% profit margin vs 6.8%. CMRE trades at a lower P/E of 5.5x. CMRE earns a higher WallStSmart Score of 71/100 (B).

BWLP

Buy

59

out of 100

Grade: C

Growth: 7.3Profit: 6.5Value: 8.3Quality: 6.0
Piotroski: 1/9Altman Z: 2.52

CMRE

Strong Buy

71

out of 100

Grade: B

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

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BWLPUndervalued (+77.5%)

Margin of Safety

+77.5%

Fair Value

$74.88

Current Price

$16.99

$57.89 discount

UndervaluedFair: $74.88Overvalued
CMREUndervalued (+88.4%)

Margin of Safety

+88.4%

Fair Value

$144.61

Current Price

$17.05

$127.56 discount

UndervaluedFair: $144.61Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BWLP3 strengths · Avg: 10.0/10
P/E RatioValuation
10.6x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

EPS GrowthGrowth
212.0%10/10

Earnings expanding 212.0% YoY

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

Areas to Watch

BWLP3 concerns · Avg: 2.7/10
Profit MarginProfitability
6.8%3/10

6.8% margin — thin

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Revenue GrowthGrowth
-13.2%2/10

Revenue declined 13.2%

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

Comparative Analysis Report

WallStSmart Research

Bull Case : BWLP

The strongest argument for BWLP centers on P/E Ratio, Price/Book, EPS Growth.

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%.

Bear Case : BWLP

The primary concerns for BWLP are Profit Margin, Piotroski F-Score, Revenue Growth.

Bear Case : CMRE

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

Key Dynamics to Monitor

BWLP profiles as a value stock while CMRE is a declining play — different risk/reward profiles.

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.

BWLP generates stronger free cash flow (166M), providing more financial flexibility.

Bottom Line

CMRE scores higher overall (71/100 vs 59/100), backed by strong 41.5% margins. BWLP offers better value entry with a 77.5% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

BW LPG Limited

INDUSTRIALS · MARINE SHIPPING · USA

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities globally. The company is headquartered in Singapore.

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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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