WallStSmart

Costamare Inc (CMRE)vsHafnia Limited (HAFN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Hafnia Limited generates 211% more annual revenue ($2.67B vs $857.38M). CMRE leads profitability with a 39.5% profit margin vs 24.7%. CMRE trades at a lower P/E of 5.7x. HAFN earns a higher WallStSmart Score of 78/100 (B+).

CMRE

Buy

59

out of 100

Grade: C

Growth: 2.0Profit: 8.5Value: 6.0Quality: 6.0
Piotroski: 5/9Altman Z: 1.81

HAFN

Strong Buy

78

out of 100

Grade: B+

Growth: 8.7Profit: 8.5Value: 5.7Quality: 6.5
Piotroski: 3/9Altman Z: 2.32
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CMREOvervalued (-6.4%)

Margin of Safety

-6.4%

Fair Value

$15.72

Current Price

$15.28

$0.44 premium

UndervaluedFair: $15.72Overvalued
HAFNSignificantly Overvalued (-80.2%)

Margin of Safety

-80.2%

Fair Value

$3.68

Current Price

$9.38

$5.70 premium

UndervaluedFair: $3.68Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CMRE4 strengths · Avg: 10.0/10
P/E RatioValuation
5.7x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Profit MarginProfitability
39.5%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
47.0%10/10

Strong operational efficiency at 47.0%

HAFN6 strengths · Avg: 9.2/10
P/E RatioValuation
7.1x10/10

Attractively priced relative to earnings

Revenue GrowthGrowth
47.2%10/10

Revenue surging 47.2% year-over-year

EPS GrowthGrowth
266.7%10/10

Earnings expanding 266.7% YoY

Profit MarginProfitability
24.7%9/10

Keeps 25 of every $100 in revenue as profit

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Operating MarginProfitability
29.5%8/10

Strong operational efficiency at 29.5%

Areas to Watch

CMRE4 concerns · Avg: 3.3/10
PEG RatioValuation
2.404/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.814/10

Grey zone — moderate risk

Market CapQuality
$1.83B3/10

Smaller company, higher risk/reward

Revenue GrowthGrowth
-4.0%2/10

Revenue declined 4.0%

HAFN1 concerns · Avg: 3.0/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

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 39.5% and operating margin at 47.0%.

Bull Case : HAFN

The strongest argument for HAFN centers on P/E Ratio, Revenue Growth, EPS Growth. Profitability is solid with margins at 24.7% and operating margin at 29.5%. Revenue growth of 47.2% demonstrates continued momentum.

Bear Case : CMRE

The primary concerns for CMRE are PEG Ratio, Altman Z-Score, Market Cap.

Bear Case : HAFN

The primary concerns for HAFN are Piotroski F-Score.

Key Dynamics to Monitor

CMRE profiles as a declining stock while HAFN is a growth play — different risk/reward profiles.

CMRE carries more volatility with a beta of 0.91 — expect wider price swings.

HAFN is growing revenue faster at 47.2% — sustainability is the question.

HAFN generates stronger free cash flow (252M), providing more financial flexibility.

Bottom Line

HAFN scores higher overall (78/100 vs 59/100), backed by strong 24.7% margins and 47.2% revenue growth. 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.

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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