NYSE:NNA

Stock Analysis Report

Navios Maritime Acquisition

Executive Summary

Navios Maritime Acquisition Corporation provides marine transportation services worldwide.

Rewards

Earnings are forecast to grow 110.18% per year

Risk Analysis

Dividend of 15.58% is not well covered by earnings

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year



Snowflake Analysis

Moderate growth potential 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.0%

NNA

-0.3%

US Oil and Gas

1.7%

US Market


1 Year Return

40.9%

NNA

-6.8%

US Oil and Gas

23.2%

US Market

Return vs Industry: NNA exceeded the US Oil and Gas industry which returned -4.2% over the past year.

Return vs Market: NNA exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

NNAIndustryMarket
7 Day-1.0%-0.3%1.7%
30 Day6.5%0.9%4.2%
90 Day-13.6%6.8%11.9%
1 Year64.9%40.9%-3.4%-6.8%25.8%23.2%
3 Year-60.8%-74.3%-7.4%-16.0%52.8%42.9%
5 Year-75.4%-86.5%-10.6%-23.6%75.2%55.8%

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?

0.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NNA ($7.7) is trading above our estimate of fair value ($3.57)

Significantly Below Fair Value: NNA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NNA is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: NNA is unprofitable, so we can't compare its PE Ratio to the US market.


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 (0.4x) compared to the US Oil and Gas industry average (1x).


Next Steps

Future Growth

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

110.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NNA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: NNA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NNA's is expected to become profitable in the next 3 years.

Revenue vs Market: NNA's revenue (7.3% per year) is forecast to grow slower than the US market (7.5% per year).

High Growth Revenue: NNA's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NNA's Return on Equity is forecast to be low in 3 years time (2.9%).


Next Steps

Past Performance

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

-47.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NNA is currently unprofitable.

Growing Profit Margin: NNA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NNA is unprofitable, and losses have increased over the past 5 years at a rate of -47.5% per year.

Accelerating Growth: Unable to compare NNA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NNA is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-13.3%).


Return on Equity

High ROE: NNA has a negative Return on Equity (-29.88%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Navios Maritime Acquisition's financial position?


Financial Position Analysis

Short Term Liabilities: NNA's short term assets ($163.2M) do not cover its short term liabilities ($174.4M).

Long Term Liabilities: NNA's short term assets ($163.2M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: NNA's debt to equity ratio (390.5%) is considered high.

Reducing Debt: NNA's debt to equity ratio has increased from 265.3% to 390.5% over the past 5 years.


Balance Sheet

Inventory Level: NNA has a high level of physical assets or inventory.

Debt Coverage by Assets: NNA's debt is not covered by short term assets (assets are 0.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NNA has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: NNA has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of -83.6% each year.


Next Steps

Dividend

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

15.54%

Current Dividend Yield


Dividend Yield vs Market

company15.5%marketbottom25%1.4%markettop25%3.6%industryaverage4.0%forecastin3Years11.7%

Current dividend yield vs market & industry

Notable Dividend: NNA's dividend (15.58%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: NNA's dividend (15.58%) is in the top 25% of dividend payers in the US market (3.66%)


Stability and Growth of Payments

Stable Dividend: NNA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NNA has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: NNA is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: NNA's dividends in 3 years are forecast to be well covered by earnings (17.7% payout ratio).


Next Steps

Management

What is the CEO of Navios Maritime Acquisition's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average management tenure


CEO

Angeliki N. Frangou (54yo)

11.8yrs

Tenure

US$200,000

Compensation

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 ...


Management Age and Tenure

9.8yrs

Average Tenure

49.5yo

Average Age

Experienced Management: NNA's management team is seasoned and experienced (9.8 years average tenure).


Board Age and Tenure

9.7yrs

Average Tenure

57yo

Average Age

Experienced Board: NNA's board of directors are considered experienced (9.7 years average tenure).


Insider Trading

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 29.1%.


Management Team

  • Villy Papaefthymiou (50yo)

    Secretary

    • Tenure: 11.8yrs
  • Angeliki N. Frangou (54yo)

    Chairman & CEO

    • Tenure: 11.8yrs
    • Compensation: US$200.00k
  • Anna Kalathakis (49yo)

    Senior VP of Legal Risk Management & Director

    • Tenure: 9.7yrs
  • Leonidas Korres (43yo)

    CFO & Director

    • Tenure: 1yrs
  • Adrian Wooldridge

    Chief Commercial Officer

    • Tenure: 9.2yrs
  • Laura Yagerman

    Vice President of Corporate Communications


    Board Members

    • Christos Kikkinis (67yo)

      Independent Director

      • Angeliki N. Frangou (54yo)

        Chairman & CEO

        • Tenure: 11.8yrs
        • Compensation: US$200.00k
      • Ted Petrone (64yo)

        Director

        • Tenure: 11.8yrs
      • Anna Kalathakis (49yo)

        Senior VP of Legal Risk Management & Director

        • Tenure: 9.7yrs
      • Leonidas Korres (43yo)

        CFO & Director

        • Tenure: 1yrs
      • Nikolaos Veraros (49yo)

        Independent Director

        • Tenure: 11.6yrs
      • Brigitte Noury (72yo)

        Independent Director

        • Tenure: 9.7yrs
      • George Galatis (57yo)

        Independent Director

        • Tenure: 9.5yrs
      • Eleni Warren (70yo)

        Independent Director

        • Tenure: 2.6yrs

      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$120.458m
      • Shares outstanding: 15.60m
      • 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. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters. As of April 18, 2019, the company's fleet consisted of a total of 42 double-hulled tanker vessels aggregating approximately 5.7 million deadweight tons, which included 12 very large crude carrier tankers, 8 Long Range 1 product tankers, 18 Medium Range 2 product tankers, and 2 chemical tankers. Navios Maritime Acquisition Corporation was founded in 2008 and is based in Monaco. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/17 01:59
      End of Day Share Price2020/01/16 00:00
      Earnings2019/09/30
      Annual Earnings2018/12/31


      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.