NMM Valuation

Navios Maritime Partners LP

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46.810

+0.11(0.236%)1D

Overview
Forecast
Valuation
Earnings

NMM Relative Valuation

NMM's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NMM is overvalued; if below, it's undervalued.

Historical Valuation

Navios Maritime Partners LP (NMM) is now in the Fair zone, suggesting that its current forward PE ratio of 4.84 is considered Fairly compared with the five-year average of 2.27. The fair price of Navios Maritime Partners LP (NMM) is between 45.46 to 60.32 according to relative valuation methord.

Relative Value

Fair Zone

45.46-60.32

Current Price：47.19

Fair

5.05

Trailing

Forward

4.27

EV/EBITDA

Navios Maritime Partners LP. (NMM) has a current EV/EBITDA of 4.27. The 5-year average EV/EBITDA is 3.39. The thresholds are as follows: Strongly Undervalued below 1.58, Undervalued between 1.58 and 2.49, Fairly Valued between 4.29 and 2.49, Overvalued between 4.29 and 5.20, and Strongly Overvalued above 5.20. The current Forward EV/EBITDA of 4.27 falls within the Historic Trend Line -Fairly Valued range.

9.64

EV/EBIT

Navios Maritime Partners LP. (NMM) has a current EV/EBIT of 9.64. The 5-year average EV/EBIT is 5.01. The thresholds are as follows: Strongly Undervalued below 0.72, Undervalued between 0.72 and 2.87, Fairly Valued between 7.16 and 2.87, Overvalued between 7.16 and 9.31, and Strongly Overvalued above 9.31. The current Forward EV/EBIT of 9.64 falls within the Strongly Overvalued range.

1.16

Navios Maritime Partners LP. (NMM) has a current PS of 1.16. The 5-year average PS is 0.69. The thresholds are as follows: Strongly Undervalued below 0.14, Undervalued between 0.14 and 0.42, Fairly Valued between 0.97 and 0.42, Overvalued between 0.97 and 1.25, and Strongly Overvalued above 1.25. The current Forward PS of 1.16 falls within the Overvalued range.

2.04

P/OCF

Navios Maritime Partners LP. (NMM) has a current P/OCF of 2.04. The 5-year average P/OCF is 1.46. The thresholds are as follows: Strongly Undervalued below 0.38, Undervalued between 0.38 and 0.92, Fairly Valued between 1.99 and 0.92, Overvalued between 1.99 and 2.53, and Strongly Overvalued above 2.53. The current Forward P/OCF of 2.04 falls within the Overvalued range.

18.34

P/FCF

Navios Maritime Partners LP. (NMM) has a current P/FCF of 18.34. The 5-year average P/FCF is 2.26. The thresholds are as follows: Strongly Undervalued below -49.95, Undervalued between -49.95 and -23.85, Fairly Valued between 28.36 and -23.85, Overvalued between 28.36 and 54.47, and Strongly Overvalued above 54.47. The current Forward P/FCF of 18.34 falls within the Historic Trend Line -Fairly Valued range.

Navios Maritime Partners LP (NMM) has a current Price-to-Book (P/B) ratio of 0.43. Compared to its 3-year average P/B ratio of 0.39 , the current P/B ratio is approximately 10.60% higher. Relative to its 5-year average P/B ratio of 0.40, the current P/B ratio is about 7.47% higher. Navios Maritime Partners LP (NMM) has a Forward Free Cash Flow (FCF) yield of approximately -35.39%. Compared to its 3-year average FCF yield of -7.74%, the current FCF yield is approximately 357.32% lower. Relative to its 5-year average FCF yield of -2.58% , the current FCF yield is about 1272.03% lower.

0.45

P/B

Median3y

0.39

Median5y

0.40

-34.10

FCF Yield

Median3y

-7.74

Median5y

-2.58

Competitors Valuation Multiple

The average P/S ratio for NMM's competitors is 2.40, providing a benchmark for relative valuation. Navios Maritime Partners LP Corp (NMM) exhibits a P/S ratio of 1.16, which is -51.74% above the industry average. Given its robust revenue growth of -4.27%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

NMM.N

Navios Maritime Partners LP

Capital Clean Energy Carriers Corp

Performance Decomposition

Market capitalization of NMM decreased by 12.68% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 3.50 to 4.18.

The secondary factor is the Revenue Growth, contributed -4.27%to the performance.

Overall, the performance of NMM in the past 1 year is driven by P/E Change. Which is more unsustainable.

-4.27%

342.16M → 327.56M

Revenue Growth

-28.02%

29.66 → 21.35

Margin Expansion

19.61%

3.50 → 4.18

P/E Change

-12.68%