Navios Maritime Partners L.P.

NYSE:NMM Stock Report

Market Cap: US$1.3b

Navios Maritime Partners Valuation

Is NMM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NMM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$16.21
Fair Value
157.1% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: NMM ($41.68) is trading above our estimate of fair value ($16.21)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NMM?

Key metric: As NMM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NMM. This is calculated by dividing NMM's market cap by their current earnings.
What is NMM's PE Ratio?
PE Ratio3.1x
EarningsUS$404.98m
Market CapUS$1.28b

Price to Earnings Ratio vs Peers

How does NMM's PE Ratio compare to its peers?

The above table shows the PE ratio for NMM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.7x
DAC Danaos
2.7x-4.1%US$1.5b
CCEC Capital Clean Energy Carriers
89.9x38.9%US$1.1b
CMRE Costamare
4.1xn/aUS$1.4b
GSL Global Ship Lease
2.4x-1.8%US$747.8m
NMM Navios Maritime Partners
3.1x-6.8%US$1.3b

Price-To-Earnings vs Peers: NMM is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (24.7x).

Price to Earnings Ratio vs Industry

How does NMM's PE Ratio compare vs other companies in the US Shipping Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZIM ZIM Integrated Shipping Services
1.4x-92.9%US$1.99b
TORO Toro
0.4xn/aUS$52.82m
PXS Pyxis Tankers
1.2x-27.0%US$40.11m
CTRM Castor Maritime
0.4xn/aUS$26.67m
No. of Companies5PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NMM is good value based on its Price-To-Earnings Ratio (3.1x) compared to the US Shipping industry average (3.4x).

Price to Earnings Ratio vs Fair Ratio

What is NMM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NMM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.1x
Fair PE Ratio7.4x

Price-To-Earnings vs Fair Ratio: NMM is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (7.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NMM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$41.68
US$73.50
+76.3%
2.0%US$75.00US$72.00n/a2
Jan ’26US$43.29
US$73.50
+69.8%
2.0%US$75.00US$72.00n/a2
Dec ’25US$48.44
US$82.50
+70.3%
3.0%US$85.00US$80.00n/a2
Nov ’25US$53.43
US$82.50
+54.4%
3.0%US$85.00US$80.00n/a2
Oct ’25US$62.29
US$82.50
+32.4%
3.0%US$85.00US$80.00n/a2
Sep ’25US$53.61
US$61.00
+13.8%
6.6%US$65.00US$57.00n/a2
Aug ’25US$45.80
US$61.00
+33.2%
6.6%US$65.00US$57.00n/a2
Jul ’25US$51.36
US$49.00
-4.6%
35.3%US$65.00US$25.00n/a3
Jun ’25US$49.43
US$49.00
-0.9%
35.3%US$65.00US$25.00n/a3
May ’25US$42.57
US$46.67
+9.6%
35.4%US$65.00US$25.00n/a3
Apr ’25US$42.49
US$46.67
+9.8%
35.4%US$65.00US$25.00n/a3
Mar ’25US$34.35
US$38.33
+11.6%
26.8%US$50.00US$25.00n/a3
Feb ’25US$28.36
US$36.67
+29.3%
23.2%US$45.00US$25.00n/a3
Jan ’25US$27.96
US$36.67
+31.1%
23.2%US$45.00US$25.00US$43.293
Dec ’24US$26.09
US$36.67
+40.5%
23.2%US$45.00US$25.00US$48.443
Nov ’24US$22.29
US$36.67
+64.5%
23.2%US$45.00US$25.00US$53.433
Oct ’24US$23.13
US$36.67
+58.5%
23.2%US$45.00US$25.00US$62.293
Sep ’24US$22.39
US$36.67
+63.8%
23.2%US$45.00US$25.00US$53.613
Aug ’24US$23.65
US$36.67
+55.0%
23.2%US$45.00US$25.00US$45.803
Jul ’24US$21.85
US$36.67
+67.8%
23.2%US$45.00US$25.00US$51.363
Jun ’24US$19.58
US$36.67
+87.3%
23.2%US$45.00US$25.00US$49.433
May ’24US$23.32
US$37.67
+61.5%
18.9%US$45.00US$28.00US$42.573
Apr ’24US$24.12
US$37.67
+56.2%
18.9%US$45.00US$28.00US$42.493
Mar ’24US$27.23
US$37.67
+38.3%
18.9%US$45.00US$28.00US$34.353
Feb ’24US$27.47
US$37.67
+37.1%
18.9%US$45.00US$28.00US$28.363
Jan ’24US$25.96
US$37.67
+45.1%
18.9%US$45.00US$28.00US$27.963
Analyst Price Target
Consensus Narrative from 2 Analysts
US$73.50
Fair Value
43.3% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/24 22:46
End of Day Share Price 2025/01/24 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. 1 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