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Navios Maritime Partners NYSE:NMM Stock Report

Last Price

US$42.56

Market Cap

US$1.3b

7D

-2.7%

1Y

49.3%

Updated

22 Dec, 2024

Data

Company Financials +

Navios Maritime Partners L.P.

NYSE:NMM Stock Report

Market Cap: US$1.3b

NMM Stock Overview

Owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. More details

NMM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends0/6

Rewards

Price-To-Earnings ratio (3.2x) is below the US market (18.3x)

Earnings are forecast to grow 7.2% per year

Trading at good value compared to peers and industry

Risk Analysis

Significant insider selling over the past 3 months


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 2 Analysts

Eco-efficient Vessels And Long-term Contracts Will Secure Future Stability

Key Takeaways Strategic fleet renewal and long-term contracts are boosting operational efficiency, revenue stability, and future earnings through eco-efficient vessels and substantial contracted revenue. Focus on deleveraging and opportunistic asset purchases positions Navios Partners for improved margins, asset values, and enhanced shareholder value through the unit repurchase program.
View narrative
US$82.50
FV
48.4% undervalued intrinsic discount
7.88%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
3 days ago author updated this narrative

Navios Maritime Partners L.P. Competitors

Capital Clean Energy Carriers

NasdaqGS:CCEC

US$1.1b

Danaos

NYSE:DAC

US$1.5b

Costamare

NYSE:CMRE

US$1.5b

Global Ship Lease

NYSE:GSL

US$753.1m

Price History & Performance

Summary of share price highs, lows and changes for Navios Maritime Partners
Historical stock prices
Current Share PriceUS$42.56
52 Week HighUS$65.89
52 Week LowUS$27.47
Beta1.96
1 Month Change-17.84%
3 Month Change-30.49%
1 Year Change49.33%
3 Year Change73.71%
5 Year Change130.93%
Change since IPO-85.26%

Recent News & Updates

Recent updates

Navios Maritime Partners L.P. Shares Can Sail Higher Despite Storm Clouds

Jul 29

Navios Maritime Partners: Statistical Discount With High Business Returns

May 23

Navios Maritime Partners: Undervalued In A Booming Shipping Industry, Buy

Feb 28

Navios Maritime Partners: Will Activist Letter, Improved Alignment, And Strong Markets Drive Returns?

Dec 05

Navios Maritime Partners: Wait Until Measures Yield Results

Nov 24

Navios Maritime Partners: Strong Quarter Results Amid Challenging Logistical Market

Sep 08

Navios Maritime: Shares Undervalued While Earnings Growth Ebbs, Technical Risks Ahead

Jun 20

Navios Maritime Holdings: Sell On Lack Of Catalysts And Tangible Value

May 25

Navios Maritime Q4 2022 Earnings Preview

Feb 20

Navios Maritime Partners Has Corporate Governance Issues, But One Of The Best Values Available

Jan 24

Navios Maritime Non-GAAP EPS of $3.68 misses by $0.48, revenue of $322.39M

Nov 10

Navios Maritime declares $0.05 dividend

Oct 26

Navios Maritime Partners Embarks On Modernization Amid Demand Tailwinds

Sep 14

Navios Maritime Partners: A Case Of Massive Undervaluation

Sep 03

Navios Maritime Partners: The Best Shipping Platform, By Far

Aug 09

Navios Maritime Q2 2022 Earnings Preview

Jul 27

Navios Maritime Partners: Market Overly Pessimistic, Trading At A Discount

Jul 14

Navios Maritime Holdings: Near-Term Debt Maturities Unlikely To Be An Issue

May 03

Navios Maritime Partners: A Multibillion Shipping Empire In The Making

Feb 20

Navios Maritime Holdings - Bail-Out Terms To Result In Angeliki Frangou Regaining Full Control Of Her Shipping Empire

Dec 16

Shareholder Returns

NMMUS ShippingUS Market
7D-2.7%-6.5%-2.4%
1Y49.3%11.2%23.3%

Return vs Industry: NMM exceeded the US Shipping industry which returned 11.2% over the past year.

Return vs Market: NMM exceeded the US Market which returned 23.3% over the past year.

Price Volatility

Is NMM's price volatile compared to industry and market?
NMM volatility
NMM Average Weekly Movement5.0%
Shipping Industry Average Movement4.9%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: NMM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NMM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aAngeliki N. Frangouwww.navios-mlp.com

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters. Navios Maritime Partners L.P. was founded in 2007 and is based in Monaco.

Navios Maritime Partners L.P. Fundamentals Summary

How do Navios Maritime Partners's earnings and revenue compare to its market cap?
NMM fundamental statistics
Market capUS$1.30b
Earnings (TTM)US$404.98m
Revenue (TTM)US$1.33b

3.2x

P/E Ratio

1.0x

P/S Ratio

Is NMM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NMM income statement (TTM)
RevenueUS$1.33b
Cost of RevenueUS$234.01m
Gross ProfitUS$1.09b
Other ExpensesUS$689.81m
EarningsUS$404.98m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)13.31
Gross Margin82.39%
Net Profit Margin30.48%
Debt/Equity Ratio36.8%

How did NMM perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

2%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:16
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Navios Maritime Partners L.P. is covered by 17 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kenneth HoexterBofA Global Research
Natasha BoydenCantor Fitzgerald & Co.
Christian WetherbeeCitigroup Inc