NATURAL RESOURCE PARTNERS LP (NRP)
US63900P6088
NRP gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 213 industry peers in the Oil, Gas & Consumable Fuels industry. NRP gets an excellent profitability rating and is at the same time showing great financial health properties. NRP is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
NRP had positive earnings in the past year.
In the past year NRP had a positive cash flow from operations.
In multiple years NRP reported negative net income over the last 5 years.
NRP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NRP has a better Return On Assets (25.00%) than 92.49% of its industry peers.
With an excellent Return On Equity value of 36.60%, NRP belongs to the best of the industry, outperforming 85.92% of the companies in the same industry.
NRP has a better Return On Invested Capital (28.16%) than 94.84% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NRP is significantly below the industry average of 44.22%.
The last Return On Invested Capital (28.16%) for NRP is above the 3 year average (24.68%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 25% | ||
| ROE | 36.6% | ||
| ROIC | 28.16% |
ROA(3y)19.75%
ROA(5y)8.42%
ROE(3y)29.21%
ROE(5y)9.36%
ROIC(3y)24.68%
ROIC(5y)19.47%
1.3 Margins
NRP's Profit Margin of 56.52% is amongst the best of the industry. NRP outperforms 89.67% of its industry peers.
NRP's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 77.76%, NRP belongs to the top of the industry, outperforming 94.37% of the companies in the same industry.
In the last couple of years the Operating Margin of NRP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 77.76% | ||
| PM (TTM) | 56.52% | ||
| GM | N/A |
OM growth 3Y6.51%
OM growth 5Y1.6%
PM growth 3YN/A
PM growth 5Y4.64%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NRP is creating value.
NRP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, NRP has more shares outstanding
The debt/assets ratio for NRP is higher compared to a year ago.
2.2 Solvency
NRP has an Altman-Z score of 4.46. This indicates that NRP is financially healthy and has little risk of bankruptcy at the moment.
NRP has a Altman-Z score of 4.46. This is amongst the best in the industry. NRP outperforms 86.39% of its industry peers.
The Debt to FCF ratio of NRP is 0.61, which is an excellent value as it means it would take NRP, only 0.61 years of fcf income to pay off all of its debts.
NRP's Debt to FCF ratio of 0.61 is amongst the best of the industry. NRP outperforms 87.32% of its industry peers.
A Debt/Equity ratio of 0.33 indicates that NRP is not too dependend on debt financing.
NRP has a Debt to Equity ratio of 0.33. This is comparable to the rest of the industry: NRP outperforms 59.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 0.61 | ||
| Altman-Z | 4.46 |
ROIC/WACC3.23
WACC8.73%
2.3 Liquidity
A Current Ratio of 1.76 indicates that NRP should not have too much problems paying its short term obligations.
NRP has a Current ratio of 1.76. This is in the better half of the industry: NRP outperforms 71.83% of its industry peers.
NRP has a Quick Ratio of 1.76. This is a normal value and indicates that NRP is financially healthy and should not expect problems in meeting its short term obligations.
NRP's Quick ratio of 1.76 is fine compared to the rest of the industry. NRP outperforms 74.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.76 |
3. Growth
3.1 Past
NRP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.28%.
The Earnings Per Share has been growing by 19.89% on average over the past years. This is quite good.
Looking at the last year, NRP shows a very negative growth in Revenue. The Revenue has decreased by -13.36% in the last year.
Measured over the past years, NRP shows a small growth in Revenue. The Revenue has been growing by 7.89% on average per year.
EPS 1Y (TTM)6.28%
EPS 3YN/A
EPS 5Y19.89%
EPS growth Q2Q11.34%
Revenue 1Y (TTM)-13.36%
Revenue growth 3Y37.99%
Revenue growth 5Y7.89%
Revenue growth Q2Q-23.06%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 6.66, the valuation of NRP can be described as very cheap.
Based on the Price/Earnings ratio, NRP is valued cheaper than 80.75% of the companies in the same industry.
When comparing the Price/Earnings ratio of NRP to the average of the S&P500 Index (28.83), we can say NRP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.66 | ||
| Fwd PE | N/A |
4.2 Price Multiples
69.01% of the companies in the same industry are more expensive than NRP, based on the Enterprise Value to EBITDA ratio.
92.49% of the companies in the same industry are more expensive than NRP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.77 | ||
| EV/EBITDA | 4.69 |
4.3 Compensation for Growth
The decent profitability rating of NRP may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.33
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
NRP has a Yearly Dividend Yield of 3.36%. Purely for dividend investing, there may be better candidates out there.
NRP's Dividend Yield is comparable with the industry average which is at 5.81.
NRP's Dividend Yield is a higher than the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
5.2 History
On average, the dividend of NRP grows each year by 11.08%, which is quite nice.
NRP has paid a dividend for at least 10 years, which is a reliable track record.
NRP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)11.08%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
45.19% of the earnings are spent on dividend by NRP. This is a bit on the high side, but may be sustainable.
The dividend of NRP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP45.19%
EPS Next 2YN/A
EPS Next 3YN/A
NATURAL RESOURCE PARTNERS LP
NYSE:NRP (5/16/2024, 7:07:36 PM)
90.16
+0.15 (+0.17%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.17B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.66 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 25% | ||
| ROE | 36.6% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 77.76% | ||
| PM (TTM) | 56.52% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.76 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)6.28%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-13.36%
Revenue growth 3Y37.99%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y