NAVIOS MARITIME PARTNERS LP (NMM) Stock Fundamental Analysis
USA - NYSE:NMM - MHY622674098
47.76 USD
+0.1 (+0.21%)
47.72 USD
-0.04 (-0.08%)
Taking everything into account, NMM scores 4 out of 10 in our fundamental rating. NMM was compared to 35 industry peers in the Marine Transportation industry. NMM has a medium profitability rating, but doesn't score so well on its financial health evaluation. NMM has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year NMM was profitable.
In the past year NMM had a positive cash flow from operations.
Of the past 5 years NMM 4 years were profitable.
In the past 5 years NMM always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.74%, NMM is in the better half of the industry, outperforming 74.29% of the companies in the same industry.
NMM has a better Return On Equity (10.49%) than 68.57% of its industry peers.
NMM has a better Return On Invested Capital (6.46%) than 68.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NMM is in line with the industry average of 7.39%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.74% | ||
| ROE | 10.49% | ||
| ROIC | 6.46% |
ROA(3y)8.73%
ROA(5y)6.92%
ROE(3y)17.05%
ROE(5y)13.9%
ROIC(3y)8.26%
ROIC(5y)7.45%
1.3 Margins
NMM has a Profit Margin of 24.92%. This is in the better half of the industry: NMM outperforms 80.00% of its industry peers.
NMM's Profit Margin has declined in the last couple of years.
The Operating Margin of NMM (32.78%) is better than 80.00% of its industry peers.
NMM's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 88.56%, NMM belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.
NMM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.78% | ||
| PM (TTM) | 24.92% | ||
| GM | 88.56% |
OM growth 3Y-15.53%
OM growth 5Y6.73%
PM growth 3Y-27.55%
PM growth 5YN/A
GM growth 3Y-2.19%
GM growth 5Y-1.11%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NMM is destroying value.
Compared to 1 year ago, NMM has less shares outstanding
The number of shares outstanding for NMM has been increased compared to 5 years ago.
Compared to 1 year ago, NMM has a worse debt to assets ratio.
2.2 Solvency
NMM has a Debt/Equity ratio of 0.60. This is a neutral value indicating NMM is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.60, NMM is in line with its industry, outperforming 45.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.7
WACC9.21%
2.3 Liquidity
A Current Ratio of 1.01 indicates that NMM should not have too much problems paying its short term obligations.
With a Current ratio value of 1.01, NMM is not doing good in the industry: 68.57% of the companies in the same industry are doing better.
A Quick Ratio of 1.01 indicates that NMM should not have too much problems paying its short term obligations.
NMM has a Quick ratio of 1.01. This is in the lower half of the industry: NMM underperforms 65.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
The earnings per share for NMM have decreased strongly by -23.34% in the last year.
The Earnings Per Share has been growing by 34.83% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 2.08% in the past year.
The Revenue has been growing by 43.48% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-23.34%
EPS 3Y-7.6%
EPS 5Y34.83%
EPS Q2Q%-29.74%
Revenue 1Y (TTM)2.08%
Revenue growth 3Y23.21%
Revenue growth 5Y43.48%
Sales Q2Q%-13.39%
3.2 Future
The Earnings Per Share is expected to grow by 7.47% on average over the next years.
The Revenue is expected to grow by 7.00% on average over the next years.
EPS Next Y-9.43%
EPS Next 2Y9.52%
EPS Next 3Y7.47%
EPS Next 5YN/A
Revenue Next Year0.08%
Revenue Next 2Y4.89%
Revenue Next 3Y7%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 5.03 indicates a rather cheap valuation of NMM.
74.29% of the companies in the same industry are more expensive than NMM, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.32. NMM is valued rather cheaply when compared to this.
NMM is valuated cheaply with a Price/Forward Earnings ratio of 3.57.
NMM's Price/Forward Earnings ratio is rather cheap when compared to the industry. NMM is cheaper than 85.71% of the companies in the same industry.
NMM is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.89, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.03 | ||
| Fwd PE | 3.57 |
4.2 Price Multiples
NMM's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.61 |
4.3 Compensation for Growth
The decent profitability rating of NMM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y9.52%
EPS Next 3Y7.47%
5. Dividend
5.1 Amount
NMM has a yearly dividend return of 0.41%, which is pretty low.
NMM's Dividend Yield is comparable with the industry average which is at 6.45.
With a Dividend Yield of 0.41, NMM pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.41% |
5.2 History
The dividend of NMM decreases each year by -29.94%.
NMM has been paying a dividend for at least 10 years, so it has a reliable track record.
NMM has decreased its dividend recently.
Dividend Growth(5Y)-29.94%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
1.86% of the earnings are spent on dividend by NMM. This is a low number and sustainable payout ratio.
DP1.86%
EPS Next 2Y9.52%
EPS Next 3Y7.47%
47.76
+0.1 (+0.21%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners32.51%
Inst Owner Change-2.1%
Ins Owners29.82%
Ins Owner ChangeN/A
Market Cap1.38B
Analysts86.67
Price Target67.83 (42.02%)
Short Float %1.05%
Short Ratio1.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.41% |
Yearly Dividend0.2
Dividend Growth(5Y)-29.94%
DP1.86%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.76%
Min EPS beat(2)10.91%
Max EPS beat(2)14.6%
EPS beat(4)3
Avg EPS beat(4)2.57%
Min EPS beat(4)-21.93%
Max EPS beat(4)14.6%
EPS beat(8)6
Avg EPS beat(8)12.62%
EPS beat(12)6
Avg EPS beat(12)0.61%
EPS beat(16)8
Avg EPS beat(16)4.32%
Revenue beat(2)1
Avg Revenue beat(2)-8.59%
Min Revenue beat(2)-24.2%
Max Revenue beat(2)7.02%
Revenue beat(4)2
Avg Revenue beat(4)-3.81%
Min Revenue beat(4)-24.2%
Max Revenue beat(4)7.02%
Revenue beat(8)5
Avg Revenue beat(8)-0.08%
Revenue beat(12)7
Avg Revenue beat(12)2.38%
Revenue beat(16)9
Avg Revenue beat(16)2.61%
PT rev (1m)1.53%
PT rev (3m)1.53%
EPS NQ rev (1m)23.85%
EPS NQ rev (3m)15.86%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-1.46%
Revenue NY rev (3m)-1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.03 | ||
| Fwd PE | 3.57 | ||
| P/S | 1.05 | ||
| P/FCF | N/A | ||
| P/OCF | 2.53 | ||
| P/B | 0.44 | ||
| P/tB | 0.45 | ||
| EV/EBITDA | 4.61 |
EPS(TTM)9.49
EY19.87%
EPS(NY)13.36
Fwd EY27.98%
FCF(TTM)-8.67
FCFYN/A
OCF(TTM)18.86
OCFY39.49%
SpS45.61
BVpS108.37
TBVpS107.06
PEG (NY)N/A
PEG (5Y)0.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.74% | ||
| ROE | 10.49% | ||
| ROCE | 8.17% | ||
| ROIC | 6.46% | ||
| ROICexc | 6.9% | ||
| ROICexgc | 6.95% | ||
| OM | 32.78% | ||
| PM (TTM) | 24.92% | ||
| GM | 88.56% | ||
| FCFM | N/A |
ROA(3y)8.73%
ROA(5y)6.92%
ROE(3y)17.05%
ROE(5y)13.9%
ROIC(3y)8.26%
ROIC(5y)7.45%
ROICexc(3y)8.71%
ROICexc(5y)7.84%
ROICexgc(3y)8.84%
ROICexgc(5y)7.99%
ROCE(3y)10.45%
ROCE(5y)9.44%
ROICexcg growth 3Y-11.92%
ROICexcg growth 5Y14.56%
ROICexc growth 3Y-11.19%
ROICexc growth 5Y14.42%
OM growth 3Y-15.53%
OM growth 5Y6.73%
PM growth 3Y-27.55%
PM growth 5YN/A
GM growth 3Y-2.19%
GM growth 5Y-1.11%
F-Score5
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.74 | ||
| Cap/Depr | 316.56% | ||
| Cap/Sales | 60.34% | ||
| Interest Coverage | 3.08 | ||
| Cash Conversion | 79.75% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z | N/A |
F-Score5
WACC9.21%
ROIC/WACC0.7
Cap/Depr(3y)208.63%
Cap/Depr(5y)189.47%
Cap/Sales(3y)35.28%
Cap/Sales(5y)33.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.34%
EPS 3Y-7.6%
EPS 5Y34.83%
EPS Q2Q%-29.74%
EPS Next Y-9.43%
EPS Next 2Y9.52%
EPS Next 3Y7.47%
EPS Next 5YN/A
Revenue 1Y (TTM)2.08%
Revenue growth 3Y23.21%
Revenue growth 5Y43.48%
Sales Q2Q%-13.39%
Revenue Next Year0.08%
Revenue Next 2Y4.89%
Revenue Next 3Y7%
Revenue Next 5YN/A
EBIT growth 1Y-14.2%
EBIT growth 3Y4.08%
EBIT growth 5Y53.14%
EBIT Next Year39.29%
EBIT Next 3Y21.19%
EBIT Next 5YN/A
FCF growth 1Y-321.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.4%
OCF growth 3Y20.37%
OCF growth 5Y47.01%