NAVIOS MARITIME PARTNERS LP (NMM) Fundamental Analysis & Valuation

NYSE:NMM • MHY622674098

Current stock price

65.06 USD
+0.44 (+0.68%)
Last:

This NMM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. NMM Profitability Analysis

1.1 Basic Checks

  • In the past year NMM was profitable.
  • NMM had a positive operating cash flow in the past year.
  • Of the past 5 years NMM 4 years were profitable.
  • NMM had a positive operating cash flow in 4 of the past 5 years.
NMM Yearly Net Income VS EBIT VS OCF VS FCFNMM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

  • The Return On Assets of NMM (4.34%) is better than 71.43% of its industry peers.
  • Looking at the Return On Equity, with a value of 7.95%, NMM is in the better half of the industry, outperforming 65.71% of the companies in the same industry.
  • NMM's Return On Invested Capital of 5.34% is fine compared to the rest of the industry. NMM outperforms 71.43% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NMM is in line with the industry average of 6.44%.
Industry RankSector Rank
ROA 4.34%
ROE 7.95%
ROIC 5.34%
ROA(3y)8.73%
ROA(5y)6.92%
ROE(3y)17.05%
ROE(5y)13.9%
ROIC(3y)8.26%
ROIC(5y)7.45%
NMM Yearly ROA, ROE, ROICNMM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • NMM's Profit Margin of 19.62% is fine compared to the rest of the industry. NMM outperforms 80.00% of its industry peers.
  • In the last couple of years the Profit Margin of NMM has declined.
  • With a decent Operating Margin value of 28.13%, NMM is doing good in the industry, outperforming 77.14% of the companies in the same industry.
  • In the last couple of years the Operating Margin of NMM has grown nicely.
  • NMM's Gross Margin of 91.95% 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 RankSector Rank
OM 28.13%
PM (TTM) 19.62%
GM 91.95%
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%
NMM Yearly Profit, Operating, Gross MarginsNMM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

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2

2. NMM Health Analysis

2.1 Basic Checks

  • NMM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • There is no outstanding debt for NMM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
NMM Yearly Shares OutstandingNMM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
NMM Yearly Total Debt VS Total AssetsNMM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • NMM has a debt to FCF ratio of 55.28. This is a negative value and a sign of low solvency as NMM would need 55.28 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 55.28, NMM is in line with its industry, outperforming 51.43% of the companies in the same industry.
  • NMM has a Debt/Equity ratio of 0.61. This is a neutral value indicating NMM is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.61, NMM is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 55.28
Altman-Z N/A
ROIC/WACC0.67
WACC8.02%
NMM Yearly LT Debt VS Equity VS FCFNMM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • NMM has a Current Ratio of 1.03. 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 (1.03) is worse than 74.29% of its industry peers.
  • NMM has a Quick Ratio of 1.03. This is a normal value and indicates that NMM is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.03, NMM is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 1.03
NMM Yearly Current Assets VS Current LiabilitesNMM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. NMM Growth Analysis

3.1 Past

  • NMM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.59%.
  • NMM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 63.98% yearly.
EPS 1Y (TTM)-10.59%
EPS 3Y-10.62%
EPS 5Y63.98%
EPS Q2Q%30.27%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%9.93%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.49% on average over the next years. This is quite good.
  • NMM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.12% yearly.
EPS Next Y34.36%
EPS Next 2Y18.86%
EPS Next 3Y14.49%
EPS Next 5YN/A
Revenue Next Year14.99%
Revenue Next 2Y9.18%
Revenue Next 3Y7.12%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
NMM Yearly Revenue VS EstimatesNMM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
NMM Yearly EPS VS EstimatesNMM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15

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8

4. NMM Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 6.53, the valuation of NMM can be described as very cheap.
  • Based on the Price/Earnings ratio, NMM is valued a bit cheaper than 74.29% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, NMM is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 4.86, the valuation of NMM can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, NMM is valued cheaper than 82.86% of the companies in the same industry.
  • NMM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.42.
Industry RankSector Rank
PE 6.53
Fwd PE 4.86
NMM Price Earnings VS Forward Price EarningsNMM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NMM is valued a bit cheaper than the industry average as 68.57% of the companies are valued more expensively.
  • NMM's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 46.12
EV/EBITDA 5.27
NMM Per share dataNMM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • NMM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of NMM may justify a higher PE ratio.
  • NMM's earnings are expected to grow with 14.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.19
PEG (5Y)0.1
EPS Next 2Y18.86%
EPS Next 3Y14.49%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. NMM Dividend Analysis

5.1 Amount

  • NMM has a yearly dividend return of 0.30%, which is pretty low.
  • NMM's Dividend Yield is comparable with the industry average which is at 8.30.
  • Compared to an average S&P500 Dividend Yield of 1.89, NMM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.3%

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
NMM Yearly Dividends per shareNMM Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8 10

5.3 Sustainability

  • 2.34% of the earnings are spent on dividend by NMM. This is a low number and sustainable payout ratio.
DP2.34%
EPS Next 2Y18.86%
EPS Next 3Y14.49%
NMM Yearly Income VS Free CF VS DividendNMM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M
NMM Dividend Payout.NMM Dividend Payout, showing the Payout Ratio.NMM Dividend Payout.PayoutRetained Earnings

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NMM Fundamentals: All Metrics, Ratios and Statistics

NAVIOS MARITIME PARTNERS LP

NYSE:NMM (3/23/2026, 2:23:09 PM)

65.06

+0.44 (+0.68%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)02-19
Earnings (Next)05-05
Inst Owners32.3%
Inst Owner Change9.08%
Ins Owners30.3%
Ins Owner Change0%
Market Cap1.86B
Revenue(TTM)N/A
Net Income(TTM)257.21M
Analysts85.71
Price Target79.22 (21.76%)
Short Float %1.81%
Short Ratio2.2
Dividend
Industry RankSector Rank
Dividend Yield 0.3%
Yearly Dividend0.2
Dividend Growth(5Y)-29.94%
DP2.34%
Div Incr Years0
Div Non Decr Years1
Ex-Date02-09
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.1%
Min EPS beat(2)-1.22%
Max EPS beat(2)33.43%
EPS beat(4)3
Avg EPS beat(4)14.43%
Min EPS beat(4)-1.22%
Max EPS beat(4)33.43%
EPS beat(8)6
Avg EPS beat(8)15.02%
EPS beat(12)7
Avg EPS beat(12)5.65%
EPS beat(16)7
Avg EPS beat(16)0.63%
Revenue beat(2)1
Avg Revenue beat(2)2.97%
Min Revenue beat(2)-5.22%
Max Revenue beat(2)11.17%
Revenue beat(4)2
Avg Revenue beat(4)-2.81%
Min Revenue beat(4)-24.2%
Max Revenue beat(4)11.17%
Revenue beat(8)4
Avg Revenue beat(8)-1.05%
Revenue beat(12)7
Avg Revenue beat(12)1.57%
Revenue beat(16)8
Avg Revenue beat(16)1.99%
PT rev (1m)8.62%
PT rev (3m)12.56%
EPS NQ rev (1m)15.31%
EPS NQ rev (3m)-3.51%
EPS NY rev (1m)-1.87%
EPS NY rev (3m)-2.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.44%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)0.98%
Valuation
Industry RankSector Rank
PE 6.53
Fwd PE 4.86
P/S 1.42
P/FCF 46.12
P/OCF 3.74
P/B 0.57
P/tB 0.58
EV/EBITDA 5.27
EPS(TTM)9.96
EY15.31%
EPS(NY)13.38
Fwd EY20.57%
FCF(TTM)1.41
FCFY2.17%
OCF(TTM)17.38
OCFY26.71%
SpS45.92
BVpS113.3
TBVpS113.13
PEG (NY)0.19
PEG (5Y)0.1
Graham Number159.34
Profitability
Industry RankSector Rank
ROA 4.34%
ROE 7.95%
ROCE 6.75%
ROIC 5.34%
ROICexc 5.74%
ROICexgc 5.74%
OM 28.13%
PM (TTM) 19.62%
GM 91.95%
FCFM 3.07%
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-Score5
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 55.28
Debt/EBITDA 2.82
Cap/Depr 139.26%
Cap/Sales 34.77%
Interest Coverage 2.61
Cash Conversion 71.27%
Profit Quality 15.66%
Current Ratio 1.03
Quick Ratio 1.03
Altman-Z N/A
F-Score5
WACC8.02%
ROIC/WACC0.67
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)-10.59%
EPS 3Y-10.62%
EPS 5Y63.98%
EPS Q2Q%30.27%
EPS Next Y34.36%
EPS Next 2Y18.86%
EPS Next 3Y14.49%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%9.93%
Revenue Next Year14.99%
Revenue Next 2Y9.18%
Revenue Next 3Y7.12%
Revenue Next 5YN/A
EBIT growth 1Y-27.18%
EBIT growth 3Y4.08%
EBIT growth 5Y53.14%
EBIT Next Year53.56%
EBIT Next 3Y24.99%
EBIT Next 5Y18.74%
FCF growth 1Y-89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1.55%
OCF growth 3Y20.37%
OCF growth 5Y47.01%

NAVIOS MARITIME PARTNERS LP / NMM Fundamental Analysis FAQ

What is the ChartMill fundamental rating of NAVIOS MARITIME PARTNERS LP (NMM) stock?

ChartMill assigns a fundamental rating of 4 / 10 to NMM.


Can you provide the valuation status for NAVIOS MARITIME PARTNERS LP?

ChartMill assigns a valuation rating of 8 / 10 to NAVIOS MARITIME PARTNERS LP (NMM). This can be considered as Undervalued.


What is the profitability of NMM stock?

NAVIOS MARITIME PARTNERS LP (NMM) has a profitability rating of 6 / 10.


How financially healthy is NAVIOS MARITIME PARTNERS LP?

The financial health rating of NAVIOS MARITIME PARTNERS LP (NMM) is 2 / 10.


Can you provide the expected EPS growth for NMM stock?

The Earnings per Share (EPS) of NAVIOS MARITIME PARTNERS LP (NMM) is expected to grow by 34.36% in the next year.