NRP Valuation

Natural Resource Partners LP

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104.070

+0.82(0.794%)1D

Overview
Forecast
Valuation
Earnings

NRP Relative Valuation

NRP'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, NRP is overvalued; if below, it's undervalued.

Historical Valuation

Natural Resource Partners LP (NRP) is now in the Fair zone, suggesting that its current forward PE ratio of 34.42 is considered Fairly compared with the five-year average of 16.79. The fair price of Natural Resource Partners LP (NRP) is between 26.71 to 104.97 according to relative valuation methord.

Relative Value

Fair Zone

26.71-104.97

Current Price：103.25

Fair

34.69

Trailing

Forward

9.29

EV/EBITDA

Natural Resource Partners LP. (NRP) has a current EV/EBITDA of 9.29. The 5-year average EV/EBITDA is 7.08. The thresholds are as follows: Strongly Undervalued below 3.67, Undervalued between 3.67 and 5.37, Fairly Valued between 8.78 and 5.37, Overvalued between 8.78 and 10.49, and Strongly Overvalued above 10.49. The current Forward EV/EBITDA of 9.29 falls within the Overvalued range.

9.91

EV/EBIT

Natural Resource Partners LP. (NRP) has a current EV/EBIT of 9.91. The 5-year average EV/EBIT is 7.88. The thresholds are as follows: Strongly Undervalued below 3.99, Undervalued between 3.99 and 5.93, Fairly Valued between 9.82 and 5.93, Overvalued between 9.82 and 11.77, and Strongly Overvalued above 11.77. The current Forward EV/EBIT of 9.91 falls within the Overvalued range.

6.52

Natural Resource Partners LP. (NRP) has a current PS of 6.52. The 5-year average PS is 3.52. The thresholds are as follows: Strongly Undervalued below -0.47, Undervalued between -0.47 and 1.53, Fairly Valued between 5.51 and 1.53, Overvalued between 5.51 and 7.51, and Strongly Overvalued above 7.51. The current Forward PS of 6.52 falls within the Overvalued range.

0.00

P/OCF

Natural Resource Partners LP. (NRP) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.48. The thresholds are as follows: Strongly Undervalued below -1.50, Undervalued between -1.50 and -0.51, Fairly Valued between 1.47 and -0.51, Overvalued between 1.47 and 2.46, and Strongly Overvalued above 2.46. The current Forward P/OCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/FCF

Natural Resource Partners LP. (NRP) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Natural Resource Partners LP (NRP) has a current Price-to-Book (P/B) ratio of 2.34. Compared to its 3-year average P/B ratio of 2.03 , the current P/B ratio is approximately 15.24% higher. Relative to its 5-year average P/B ratio of 1.75, the current P/B ratio is about 33.91% higher. Natural Resource Partners LP (NRP) has a Forward Free Cash Flow (FCF) yield of approximately 14.62%. Compared to its 3-year average FCF yield of 30.14%, the current FCF yield is approximately -51.48% lower. Relative to its 5-year average FCF yield of 33.26% , the current FCF yield is about -56.03% lower.

2.36

P/B

Median3y

2.03

Median5y

1.75

14.77

FCF Yield

Median3y

30.14

Median5y

33.26

Competitors Valuation Multiple

The average P/S ratio for NRP's competitors is 2.02, providing a benchmark for relative valuation. Natural Resource Partners LP Corp (NRP) exhibits a P/S ratio of 6.52, which is 222.19% above the industry average. Given its robust revenue growth of -18.18%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

NRP.N

Natural Resource Partners LP

Alpha Metallurgical Resources Inc

Performance Decomposition

Market capitalization of NRP increased by 15.60% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 6.84 to 9.78.

The secondary factor is the Margin Expansion, contributed -9.23%to the performance.

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

-18.18%

57.25M → 46.85M

Revenue Growth

-9.23%

80.46 → 73.03

Margin Expansion

43.01%

6.84 → 9.78

P/E Change

15.60%