NAVIOS MARITIME PARTNERS LP (NMM) Stock Fundamental Analysis
NYSE:NMM - MHY622674098
48.03 USD
+0.1 (+0.21%)
48.03 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to NMM. NMM was compared to 35 industry peers in the Marine Transportation industry. There are concerns on the financial health of NMM while its profitability can be described as average. NMM has a decent growth rate and is not valued too expensively.
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.
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 5.74%. This is in the better half of the industry: NMM outperforms 77.14% of its industry peers.
NMM has a Return On Equity of 10.49%. This is in the better half of the industry: NMM outperforms 68.57% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.46%, NMM is in the better half of 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 in line with the industry average of 7.67%.
| 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
With a decent Profit Margin value of 24.92%, NMM is doing good in the industry, outperforming 80.00% of the companies in the same industry.
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.
NMM has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, NMM has more shares outstanding
The debt/assets ratio for NMM is higher compared to a year ago.
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.
NMM has a Debt to Equity ratio (0.60) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.71
WACC9.11%
2.3 Liquidity
NMM has a Current Ratio of 1.01. This is a normal value and indicates that NMM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.01, NMM is doing worse than 68.57% of the companies in the same industry.
A Quick Ratio of 1.01 indicates that NMM should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.01, NMM is doing worse than 62.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 |
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.
Looking at the last year, NMM shows a small growth in Revenue. The Revenue has grown by 2.08% in the last year.
Measured over the past years, NMM shows a very strong growth in Revenue. The Revenue has been growing by 43.48% on average per year.
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%-4.27%
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 6.88% 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 Year1.56%
Revenue Next 2Y4.7%
Revenue Next 3Y6.88%
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 5.06 indicates a rather cheap valuation of NMM.
NMM's Price/Earnings ratio is a bit cheaper when compared to the industry. NMM is cheaper than 77.14% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.06. NMM is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 3.59, which indicates a rather cheap valuation of NMM.
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.
When comparing the Price/Forward Earnings ratio of NMM to the average of the S&P500 Index (22.69), we can say NMM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.06 | ||
| Fwd PE | 3.59 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NMM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.64 |
4.3 Compensation for Growth
The decent profitability rating of NMM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y9.52%
EPS Next 3Y7.47%
5. Dividend
5.1 Amount
With a yearly dividend of 0.43%, NMM is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.64, NMM has a dividend in line with its industry peers.
With a Dividend Yield of 0.43, NMM pays less dividend than the S&P500 average, which is at 2.32.
| 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
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%
48.03
+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 Cap1.40B
Analysts86.67
Price Target66.81 (39.1%)
Short Float %1.19%
Short Ratio2.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
Yearly Dividend0.2
Dividend Growth(5Y)-29.94%
DP1.86%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.74%
Min EPS beat(2)-3.43%
Max EPS beat(2)10.91%
EPS beat(4)2
Avg EPS beat(4)-1.94%
Min EPS beat(4)-21.93%
Max EPS beat(4)10.91%
EPS beat(8)5
Avg EPS beat(8)10.37%
EPS beat(12)5
Avg EPS beat(12)-0.89%
EPS beat(16)7
Avg EPS beat(16)3.19%
Revenue beat(2)1
Avg Revenue beat(2)-4.44%
Min Revenue beat(2)-15.89%
Max Revenue beat(2)7.02%
Revenue beat(4)2
Avg Revenue beat(4)-1.73%
Min Revenue beat(4)-15.89%
Max Revenue beat(4)7.02%
Revenue beat(8)5
Avg Revenue beat(8)0.96%
Revenue beat(12)7
Avg Revenue beat(12)3.08%
Revenue beat(16)9
Avg Revenue beat(16)3.13%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.45%
EPS NY rev (1m)-8.1%
EPS NY rev (3m)-8.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.06 | ||
| Fwd PE | 3.59 | ||
| P/S | 1.06 | ||
| P/FCF | N/A | ||
| P/OCF | 2.57 | ||
| P/B | 0.45 | ||
| P/tB | 0.45 | ||
| EV/EBITDA | 4.64 |
EPS(TTM)9.49
EY19.76%
EPS(NY)13.36
Fwd EY27.82%
FCF(TTM)-8.59
FCFYN/A
OCF(TTM)18.69
OCFY38.92%
SpS45.21
BVpS107.4
TBVpS106.11
PEG (NY)N/A
PEG (5Y)0.15
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
WACC9.11%
ROIC/WACC0.71
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%-4.27%
Revenue Next Year1.56%
Revenue Next 2Y4.7%
Revenue Next 3Y6.88%
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%