Navios Maritime Partners L.P.
Navios Maritime Partners L.P. Fundamental Analysis
Navios Maritime Partners L.P. (NMM) shows moderate financial fundamentals with a PE ratio of 7.05, profit margin of 21.14%, and ROE of 8.89%. The company generates $1.3B in annual revenue with weak year-over-year growth of 2.08%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 46.6/100 based on profitability, valuation, growth, and balance sheet metrics. The D grade reflects weak fundamentals and significant financial concerns.
Fundamental Health Score
We analyze NMM's fundamental strength across five key dimensions:
Efficiency Score
WeakNMM struggles to generate sufficient returns from assets.
Valuation Score
ExcellentNMM trades at attractive valuation levels.
Growth Score
WeakNMM faces weak or negative growth trends.
Financial Health Score
ExcellentNMM maintains a strong and stable balance sheet.
Profitability Score
ModerateNMM maintains healthy but balanced margins.
Key Financial Metrics
Is NMM Expensive or Cheap?
P/E Ratio
NMM trades at 7.05 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, NMM's PEG of 0.72 indicates potential undervaluation.
Price to Book
The market values Navios Maritime Partners L.P. at 0.60 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 0.32 times EBITDA. This is generally considered low.
How Well Does NMM Make Money?
Net Profit Margin
For every $100 in sales, Navios Maritime Partners L.P. keeps $21.14 as profit after all expenses.
Operating Margin
Core operations generate 29.09 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $8.89 in profit for every $100 of shareholder equity.
ROA
Navios Maritime Partners L.P. generates $4.79 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Navios Maritime Partners L.P. generates strong operating cash flow of $497.64M, reflecting robust business health.
Free Cash Flow
Navios Maritime Partners L.P. generates weak or negative free cash flow of $29.24M, restricting financial flexibility.
FCF Per Share
Each share generates $1.00 in free cash annually.
FCF Yield
NMM converts 1.49% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
7.05
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.72
vs 25 benchmark
P/B Ratio
Price to book value ratio
0.60
vs 25 benchmark
P/S Ratio
Price to sales ratio
1.48
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.65
vs 25 benchmark
Current Ratio
Current assets to current liabilities
1.13
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.09
vs 25 benchmark
ROA
Return on assets percentage
0.05
vs 25 benchmark
ROCE
Return on capital employed
0.07
vs 25 benchmark
How NMM Stacks Against Its Sector Peers
| Metric | NMM Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 7.05 | 26.49 | Better (Cheaper) |
| ROE | 8.89% | 1307.00% | Weak |
| Net Margin | 21.14% | -5131.00% (disorted) | Strong |
| Debt/Equity | 0.65 | 0.81 | Strong (Low Leverage) |
| Current Ratio | 1.13 | 10.48 | Neutral |
| ROA | 4.79% | -1549792.00% (disorted) | Weak |
NMM outperforms its industry in 3 out of 6 key metrics, particularly excelling in Net Margin, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Navios Maritime Partners L.P.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
119.34%
Industry Style: Cyclical, Value, Infrastructure
High GrowthEPS CAGR
313.22%
Industry Style: Cyclical, Value, Infrastructure
High GrowthFCF CAGR
147.72%
Industry Style: Cyclical, Value, Infrastructure
High Growth