NYSE:NNA

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Navios Maritime Acquisition

Executive Summary

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. More Details


Snowflake Analysis

Undervalued second-rate dividend payer.


Similar Companies

Share Price & News

How has Navios Maritime Acquisition's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NNA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: NNA's weekly volatility has decreased from 14% to 8% over the past year.


Market Performance


7 Day Return

-19.8%

NNA

-3.2%

US Oil and Gas

0.7%

US Market


1 Year Return

-53.5%

NNA

-32.7%

US Oil and Gas

22.2%

US Market

Return vs Industry: NNA underperformed the US Oil and Gas industry which returned -33.8% over the past year.

Return vs Market: NNA underperformed the US Market which returned 22.7% over the past year.


Shareholder returns

NNAIndustryMarket
7 Day-19.8%-3.2%0.7%
30 Day-1.9%25.0%11.8%
90 Day-23.5%9.8%8.6%
1 Year-42.8%-53.5%-28.2%-32.7%25.0%22.2%
3 Year-68.2%-79.8%-34.1%-43.1%49.4%39.5%
5 Year-85.6%-93.0%-20.7%-36.4%100.2%78.1%

Long-Term Price Volatility Vs. Market

How volatile is Navios Maritime Acquisition's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Navios Maritime Acquisition undervalued compared to its fair value and its price relative to the market?

46.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NNA ($3.64) is trading below our estimate of fair value ($6.74)

Significantly Below Fair Value: NNA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NNA is good value based on its PE Ratio (1.4x) compared to the US Oil and Gas industry average (8.5x).

PE vs Market: NNA is good value based on its PE Ratio (1.4x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NNA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NNA is good value based on its PB Ratio (0.2x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Navios Maritime Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

57.7%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Navios Maritime Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Navios Maritime Acquisition performed over the past 5 years?

-45.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NNA has a large one-off gain of $9.0M impacting its September 30 2020 financial results.

Growing Profit Margin: NNA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NNA has become profitable over the past 5 years, growing earnings by -45.4% per year.

Accelerating Growth: NNA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NNA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-29.6%).


Return on Equity

High ROE: NNA's Return on Equity (12.4%) is considered low.


Next Steps

Financial Health

How is Navios Maritime Acquisition's financial position?


Financial Position Analysis

Short Term Liabilities: NNA's short term assets ($142.8M) exceed its short term liabilities ($83.7M).

Long Term Liabilities: NNA's short term assets ($142.8M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: NNA's debt to equity ratio (225.9%) is considered high.

Reducing Debt: NNA's debt to equity ratio has increased from 206.7% to 225.9% over the past 5 years.

Debt Coverage: NNA's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: NNA's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Navios Maritime Acquisition current dividend yield, its reliability and sustainability?

32.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NNA's dividend (32.97%) is higher than the bottom 25% of dividend payers in the US market (1.48%).

High Dividend: NNA's dividend (32.97%) is in the top 25% of dividend payers in the US market (4.14%)


Stability and Growth of Payments

Stable Dividend: NNA's dividend payments have been volatile in the past 10 years.

Growing Dividend: NNA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.3%), NNA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NNA's dividends in 3 years are not forecast to be well covered by earnings (209.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.7yrs

Average management tenure


CEO

Angeliki N. Frangou (55 yo)

12.75yrs

Tenure

Ms. Angeliki N. Frangou serves as Chairman of the Board of Directors and Chief Executive Officer of Navios Maritime Containers GP LLC at Navios Maritime Containers L.P. Ms. Frangou has been the Chairman an...


Leadership Team

NamePositionTenureCompensationOwnership
Angeliki N. Frangou
Chairman & CEO12.75yrsno data2.7%
$ 1.7m
Leonidas Korres
CFO & Director1.92yrsno datano data
Anna Kalathakis
Senior VP of Legal Risk Management & Director10.58yrsno datano data
Laura Yagerman
Vice President of Corporate Communicationsno datano datano data
Adrian Wooldridge
Chief Commercial Officer10.08yrsno datano data
Vasiliki Papaefthymiou
Secretary12.75yrsno datano data

10.7yrs

Average Tenure

50.5yo

Average Age

Experienced Management: NNA's management team is seasoned and experienced (10.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Angeliki N. Frangou
Chairman & CEO12.75yrsno data2.7%
$ 1.7m
Leonidas Korres
CFO & Director1.92yrsno datano data
Anna Kalathakis
Senior VP of Legal Risk Management & Director10.58yrsno datano data
Christos Kokkinis
Independent Directorno datano datano data
Ted Petrone
Director12.75yrsno datano data
Brigitte Noury
Independent Director10.58yrsno datano data
George Galatis
Independent Director10.42yrsno datano data
Eleni Warren
Independent Director3.5yrsno datano data

10.6yrs

Average Tenure

61.5yo

Average Age

Experienced Board: NNA's board of directors are seasoned and experienced ( 10.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.6%.


Top Shareholders

Company Information

Navios Maritime Acquisition Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Navios Maritime Acquisition Corporation
  • Ticker: NNA
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$62.256m
  • Shares outstanding: 17.10m
  • Website: https://www.navios-acquisition.com

Location

  • Navios Maritime Acquisition Corporation
  • 7 Avenue de Grande Bretagne
  • Office 11B2
  • Monaco
  • 98000
  • Monaco

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5NVADB (Deutsche Boerse AG)COM USD0.0001 (POST REV SPLIT)DEEURNo data
NNANYSE (New York Stock Exchange)YesCommon SharesUSUSDJul 2008
5NVADB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2008

Biography

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. The company charters its v...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 23:39
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.