NAVIOS MARITIME PARTNERS LP (NMM) Stock Fundamental Analysis
USA - NYSE:NMM - MHY622674098
52.91 USD
-0.37 (-0.69%)
52.91 USD
0 (0%)
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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year NMM was profitable.
NMM had a positive operating cash flow in the past year.
NMM had positive earnings in 4 of the past 5 years.
Each year in the past 5 years NMM had a positive operating cash flow.
1.2 Ratios
NMM has a Return On Assets of 5.06%. This is in the better half of the industry: NMM outperforms 68.57% of its industry peers.
NMM has a Return On Equity of 9.34%. This is in the better half of the industry: NMM outperforms 71.43% of its industry peers.
With a decent Return On Invested Capital value of 5.92%, NMM is doing good in the industry, outperforming 65.71% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NMM is significantly below the industry average of 18.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.06% | ||
| ROE | 9.34% | ||
| ROIC | 5.92% |
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 better Profit Margin (22.82%) than 80.00% of its industry peers.
In the last couple of years the Profit Margin of NMM has declined.
NMM has a Operating Margin of 31.16%. This is in the better half of the industry: NMM outperforms 80.00% of its industry peers.
In the last couple of years the Operating Margin of NMM has grown nicely.
NMM's Gross Margin of 90.47% is amongst the best of the industry. NMM outperforms 94.29% of its industry peers.
NMM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.16% | ||
| PM (TTM) | 22.82% | ||
| GM | 90.47% |
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
NMM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, NMM has less shares outstanding
Compared to 5 years ago, NMM has more shares outstanding
Compared to 1 year ago, NMM has a worse debt to assets ratio.
2.2 Solvency
NMM has a Debt/Equity ratio of 0.61. This is a neutral value indicating NMM is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.61, NMM is doing worse than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.66
WACC8.97%
2.3 Liquidity
A Current Ratio of 1.09 indicates that NMM should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.09, NMM is doing worse than 65.71% of the companies in the same industry.
A Quick Ratio of 1.09 indicates that NMM should not have too much problems paying its short term obligations.
The Quick ratio of NMM (1.09) is worse than 62.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
NMM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.34%.
Measured over the past years, NMM shows a very strong growth in Earnings Per Share. The EPS has been growing by 34.83% on average per year.
The Revenue has decreased by -0.47% in the past year.
NMM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 43.48% yearly.
EPS 1Y (TTM)-23.34%
EPS 3Y-7.6%
EPS 5Y34.83%
EPS Q2Q%-29.74%
Revenue 1Y (TTM)-0.47%
Revenue growth 3Y23.21%
Revenue growth 5Y43.48%
Sales Q2Q%-13.39%
3.2 Future
NMM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.96% yearly.
Based on estimates for the next years, NMM will show a small growth in Revenue. The Revenue will grow by 7.00% on average per year.
EPS Next Y-24.43%
EPS Next 2Y-2.76%
EPS Next 3Y10.96%
EPS Next 5YN/A
Revenue Next Year0.08%
Revenue Next 2Y4.89%
Revenue Next 3Y7%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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
NMM is valuated cheaply with a Price/Earnings ratio of 5.58.
Based on the Price/Earnings ratio, NMM is valued a bit cheaper than 74.29% of the companies in the same industry.
NMM is valuated cheaply when we compare the Price/Earnings ratio to 25.51, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 5.02 indicates a rather cheap valuation of NMM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NMM indicates a rather cheap valuation: NMM is cheaper than 82.86% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of NMM to the average of the S&P500 Index (34.98), we can say NMM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.58 | ||
| Fwd PE | 5.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NMM is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.92 |
4.3 Compensation for Growth
The decent profitability rating of NMM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y-2.76%
EPS Next 3Y10.96%
5. Dividend
5.1 Amount
With a yearly dividend of 0.38%, NMM is not a good candidate for dividend investing.
NMM's Dividend Yield is comparable with the industry average which is at 7.67.
Compared to an average S&P500 Dividend Yield of 2.44, NMM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
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.
The dividend of NMM decreased recently.
Dividend Growth(5Y)-29.94%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
2.03% of the earnings are spent on dividend by NMM. This is a low number and sustainable payout ratio.
DP2.03%
EPS Next 2Y-2.76%
EPS Next 3Y10.96%
52.91
-0.37 (-0.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners32.41%
Inst Owner Change-1.32%
Ins Owners30.09%
Ins Owner ChangeN/A
Market Cap1.53B
Revenue(TTM)1.31B
Net Income(TTM)297.86M
Analysts86.67
Price Target67.83 (28.2%)
Short Float %1.54%
Short Ratio2.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
Yearly Dividend0.2
Dividend Growth(5Y)-29.94%
DP2.03%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.69%
Min EPS beat(2)-1.22%
Max EPS beat(2)14.6%
EPS beat(4)2
Avg EPS beat(4)0.59%
Min EPS beat(4)-21.93%
Max EPS beat(4)14.6%
EPS beat(8)5
Avg EPS beat(8)10.71%
EPS beat(12)6
Avg EPS beat(12)0.69%
EPS beat(16)7
Avg EPS beat(16)1.39%
Revenue beat(2)0
Avg Revenue beat(2)-14.71%
Min Revenue beat(2)-24.2%
Max Revenue beat(2)-5.22%
Revenue beat(4)1
Avg Revenue beat(4)-5.6%
Min Revenue beat(4)-24.2%
Max Revenue beat(4)7.02%
Revenue beat(8)4
Avg Revenue beat(8)-1.73%
Revenue beat(12)7
Avg Revenue beat(12)2.27%
Revenue beat(16)8
Avg Revenue beat(16)2.09%
PT rev (1m)0%
PT rev (3m)1.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-28.81%
EPS NY rev (1m)0%
EPS NY rev (3m)-23.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.61%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.58 | ||
| Fwd PE | 5.02 | ||
| P/S | 1.17 | ||
| P/FCF | N/A | ||
| P/OCF | 2.86 | ||
| P/B | 0.48 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 4.92 |
EPS(TTM)9.49
EY17.94%
EPS(NY)10.53
Fwd EY19.91%
FCF(TTM)-6.69
FCFYN/A
OCF(TTM)18.52
OCFY35%
SpS45.11
BVpS110.27
TBVpS109.1
PEG (NY)N/A
PEG (5Y)0.16
Graham Number153.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.06% | ||
| ROE | 9.34% | ||
| ROCE | 7.49% | ||
| ROIC | 5.92% | ||
| ROICexc | 6.38% | ||
| ROICexgc | 6.42% | ||
| OM | 31.16% | ||
| PM (TTM) | 22.82% | ||
| GM | 90.47% | ||
| 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%
ROICexgc growth 3Y-11.92%
ROICexgc 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-Score6
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.87 | ||
| Cap/Depr | 264.19% | ||
| Cap/Sales | 55.88% | ||
| Interest Coverage | 2.97 | ||
| Cash Conversion | 78.48% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | N/A |
F-Score6
WACC8.97%
ROIC/WACC0.66
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-24.43%
EPS Next 2Y-2.76%
EPS Next 3Y10.96%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.47%
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-17.33%
EBIT growth 3Y4.08%
EBIT growth 5Y53.14%
EBIT Next Year44.41%
EBIT Next 3Y23.2%
EBIT Next 5YN/A
FCF growth 1Y-316.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.79%
OCF growth 3Y20.37%
OCF growth 5Y47.01%
NAVIOS MARITIME PARTNERS LP / NMM FAQ
What is the ChartMill fundamental rating of NAVIOS MARITIME PARTNERS LP (NMM) stock?
ChartMill assigns a fundamental rating of 4 / 10 to NMM.
What is the valuation status of NAVIOS MARITIME PARTNERS LP (NMM) stock?
ChartMill assigns a valuation rating of 5 / 10 to NAVIOS MARITIME PARTNERS LP (NMM). This can be considered as Fairly Valued.
What is the profitability of NMM stock?
NAVIOS MARITIME PARTNERS LP (NMM) has a profitability rating of 6 / 10.
What are the PE and PB ratios of NAVIOS MARITIME PARTNERS LP (NMM) stock?
The Price/Earnings (PE) ratio for NAVIOS MARITIME PARTNERS LP (NMM) is 5.58 and the Price/Book (PB) ratio is 0.48.
How financially healthy is NAVIOS MARITIME PARTNERS LP?
The financial health rating of NAVIOS MARITIME PARTNERS LP (NMM) is 2 / 10.