NMM

Navios Maritime Partners

Fundamental data last updated:April 13, 2026

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company profile

SECTOR

Industrials

industry

Marine Shipping

Exchange

NYSE

County of HQ

Greece

Next Earnings Date

05/06/26

Business Summary

Navios Maritime Partners operates as a vessel-owning shipping partnership, generating cash flow by chartering ships across marine transport markets. The business model is straightforward: acquire and finance vessels, secure charter contracts, and harvest spread between charter revenue and operating plus financing costs. Cash generation depends heavily on fleet utilization and prevailing charter rates, making timing and capital allocation critical. Its moat is scale and asset base—hard assets that generate contractual revenue streams—but this advantage is cyclical and capital-intensive rather than structural or technology-driven.

 


VALUATION

P/E

7.2

Market Cap ($M USD)

$1,974

Forward P/E

4.8

PEG

0.5

PRICE TO SALES

1.5

PRICE TO BOOK

-

EV / EBITDA

4.2

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

0.30%

Annual Payout

$0.20

Payout Ratio

2.10%

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

0.00%

Financial Health & Profitability

Earnings Per Share

$9.59

Next Year EPS Growth Estimate

$14.56

Next Year Revenue Growth Estimate

3.10%

Return on Equity (ROE)

-12354.80%

FREE CASH FLOW

Operating Margin

29.10%

Debt-to-Equity

-

Piotroski F-Score

5

Altman Z-Score

0.9

Return on Invested Capital (ROIC)

12.00%

Current Ratio

1.1

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

Gainseekers Quantitative Analysis

Summary

At 7.2x trailing earnings and just 4.8x forward earnings with a 0.5 forward PEG, the market is pricing NMM as a deeply discounted, low-expectation cyclical. The valuation implies either peak earnings or looming balance sheet stress, and the Altman Z-Score of 0.9 confirms that distress risk is not theoretical—it is elevated. Yet EPS is expected to jump from 4.2 to 9.59 next year, which makes the forward multiple look almost anomalously cheap if those numbers materialize. This is a classic high-risk, high-operating-leverage shipping name where the valuation screams undervaluation, but the balance sheet and margin profile signal fragility.

AI Exposure / Tech Reliance

Marine shipping is capital-intensive and operationally driven, making it less directly exposed to AI disruption than asset-light sectors. However, optimization in routing, fuel efficiency, and logistics analytics can materially improve margins in this industry over time. Companies that adopt fleet optimization and data-driven cost controls can widen spreads in tight rate environments, but structural industry cyclicality remains the dominant force.

The Bull Case

A GARP or deep value investor buys this because the numbers are statistically cheap relative to forward earnings power. A forward P/E of 4.8 combined with a 0.5 PEG suggests the market is discounting future growth too aggressively, particularly with EPS expected to more than double to 9.59. ROIC at 12.00% exceeds the 3.10% return on equity, indicating the underlying asset base is capable of generating respectable capital returns even if equity efficiency is muted. A Piotroski F-Score of 5 signals middling but not broken fundamentals, and institutional ownership at 70.50% implies serious capital is willing to underwrite the volatility. If earnings normalize even modestly and the balance sheet holds, multiple expansion alone could drive outsized returns.

The Bear Case

The red flags are impossible to ignore. An operating margin of -12354.80% is not just weak—it signals severe accounting distortion or extreme earnings volatility, and paired with an Altman Z-Score of 0.9, it puts financial stability in question. Debt to equity at 29.10% is not extreme on its face, but in a shipping downturn even moderate leverage becomes lethal. The market’s skepticism is also evident in the consensus target price of 1 and a consensus rating of 2.00%, suggesting limited analyst conviction. This is a balance-sheet-sensitive, cyclical operator where a downturn in rates could quickly erode equity value.

Market Sentiment & Smart Money

Short Interest %

2.00%

Analyst Consensus

1

Average Analyst Price Target

$70.50

Institutional Ownership %

32.90%

1-Year Beta

0.72

Insider Buying % (6 Mo)

31.10%%

Distance to 52-Week High

93.20%

Distance to 52-Week Low

223.20%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.