NAVIOS MARITIME PARTNERS LP (NMM) Stock Fundamental Analysis
USA - NYSE:NMM - MHY622674098
46.12 USD
+0.28 (+0.61%)
46.12 USD
0 (0%)
NMM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 35 industry peers in the Marine Transportation industry. While NMM is still in line with the averages on profitability rating, there are concerns on its financial health. NMM has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
NMM had positive earnings in the past year.
NMM had a positive operating cash flow in the past year.
NMM had positive earnings in 4 of the past 5 years.
NMM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NMM's Return On Assets of 5.06% is fine compared to the rest of the industry. NMM outperforms 71.43% 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.
NMM has a Return On Invested Capital of 5.92%. This is in the better half of the industry: NMM outperforms 65.71% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NMM is significantly below the industry average of 18.84%.
| 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 Profit Margin of 22.82%. This is in the better half of the industry: NMM outperforms 80.00% of its industry peers.
In the last couple of years the Profit Margin of NMM has declined.
NMM's Operating Margin of 31.16% is fine compared to the rest of the industry. NMM outperforms 80.00% of its industry peers.
NMM's Operating Margin has improved in the last couple of years.
NMM's Gross Margin of 90.47% is amongst the best of the industry. NMM outperforms 94.29% of its industry peers.
In the last couple of years the Gross Margin of NMM has remained more or less at the same level.
| 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.
NMM has less shares outstanding than it did 1 year ago.
NMM has more shares outstanding than it did 5 years ago.
NMM has a worse debt/assets ratio than last year.
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 in line with its industry, outperforming 45.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.65
WACC9.11%
2.3 Liquidity
NMM has a Current Ratio of 1.09. This is a normal value and indicates that NMM is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of NMM (1.09) is worse than 65.71% of its industry peers.
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
The earnings per share for NMM have decreased strongly by -23.34% in the last year.
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.
Looking at the last year, NMM shows a decrease in Revenue. The Revenue has decreased by -0.47% in the last 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
The Earnings Per Share is expected to grow by 10.96% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.00% on average over the next years.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 4.86, the valuation of NMM can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of NMM indicates a somewhat cheap valuation: NMM is cheaper than 77.14% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.08, NMM is valued rather cheaply.
A Price/Forward Earnings ratio of 4.38 indicates a rather cheap valuation of NMM.
Based on the Price/Forward Earnings ratio, NMM is valued cheaply inside the industry as 82.86% of the companies are valued more expensively.
NMM is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.09, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.86 | ||
| Fwd PE | 4.38 |
4.2 Price Multiples
NMM's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NMM is cheaper than 62.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.62 |
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 2Y-2.76%
EPS Next 3Y10.96%
5. Dividend
5.1 Amount
With a yearly dividend of 0.43%, NMM is not a good candidate for dividend investing.
NMM's Dividend Yield is comparable with the industry average which is at 7.34.
Compared to an average S&P500 Dividend Yield of 2.30, NMM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
5.2 History
The dividend of NMM decreases each year by -29.94%.
NMM has paid a dividend for at least 10 years, which is 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
NMM pays out 2.03% of its income as dividend. This is a sustainable payout ratio.
DP2.03%
EPS Next 2Y-2.76%
EPS Next 3Y10.96%
46.12
+0.28 (+0.61%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners32.41%
Inst Owner Change-0.04%
Ins Owners30.09%
Ins Owner ChangeN/A
Market Cap1.33B
Revenue(TTM)1.31B
Net Income(TTM)297.86M
Analysts86.67
Price Target67.83 (47.07%)
Short Float %1.42%
Short Ratio2.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
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)-37.13%
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 | 4.86 | ||
| Fwd PE | 4.38 | ||
| P/S | 1.02 | ||
| P/FCF | N/A | ||
| P/OCF | 2.49 | ||
| P/B | 0.42 | ||
| P/tB | 0.42 | ||
| EV/EBITDA | 4.62 |
EPS(TTM)9.49
EY20.58%
EPS(NY)10.53
Fwd EY22.84%
FCF(TTM)-6.69
FCFYN/A
OCF(TTM)18.52
OCFY40.15%
SpS45.11
BVpS110.27
TBVpS109.1
PEG (NY)N/A
PEG (5Y)0.14
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
WACC9.11%
ROIC/WACC0.65
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 6 / 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 4.86 and the Price/Book (PB) ratio is 0.42.
How financially healthy is NAVIOS MARITIME PARTNERS LP?
The financial health rating of NAVIOS MARITIME PARTNERS LP (NMM) is 2 / 10.