Stock NMM NAVIOS MARITIME PARTNERS L.P.
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Financials Navios Maritime Partners L.P.

Equities

NMM

MHY622674098

Marine Freight & Logistics

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
44.71 USD +1.73% Intraday chart for Navios Maritime Partners L.P. +8.18% +59.91%
Feb. 13 Transcript : Navios Maritime Partners L.P., Q4 2023 Earnings Call, Feb 13, 2024
Feb. 13 Navios Maritime Partners L.P. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 208.8 129.7 773.3 799.7 861.4 1,377 - -
Enterprise Value (EV) 1 667.4 129.7 1,966 799.7 2,427 3,025 2,583 2,304
P/E ratio - - 1.12 x - 1.99 x 3.44 x 3.34 x 5.24 x
Yield 6.55% 4.02% 0.8% 0.77% 0.72% 0.45% 0.48% 0.45%
Capitalization / Revenue 0.95 x - 1.08 x 0.66 x 0.66 x 1.05 x 0.97 x 1.1 x
EV / Revenue 3.04 x - 2.76 x 0.66 x 1.86 x 2.31 x 1.83 x 1.84 x
EV / EBITDA 5.56 x 1.3 x 4.61 x 1.2 x 3.25 x 3.83 x 3.18 x 3.03 x
EV / FCF - 12.7 x 11.5 x - - -39.3 x 5.75 x 8.09 x
FCF Yield - 7.89% 8.7% - - -2.55% 17.4% 12.4%
Price to Book 0.28 x - - - 0.31 x 0.44 x 0.39 x 0.36 x
Nbr of stocks (in thousands) 11,214 11,583 30,820 30,807 30,807 30,807 - -
Reference price 2 18.62 11.20 25.09 25.96 27.96 44.71 44.71 44.71
Announcement Date 2/10/20 3/24/21 2/17/22 2/21/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 219.4 - 713.2 1,211 1,307 1,311 1,413 1,250
EBITDA 1 120 99.84 426.5 667.9 747.6 789.8 811.7 760.6
EBIT 1 57.64 - 313.7 466.1 529.7 525 532.1 368
Operating Margin 26.27% - 43.98% 38.5% 40.53% 40.05% 37.67% 29.44%
Earnings before Tax (EBT) 1 - - - - - 401 422 269
Net income 1 - - 516.2 - 433.6 401 413 263
Net margin - - 72.38% - 33.18% 30.59% 29.23% 21.04%
EPS 2 - - 22.32 - 14.08 13.00 13.40 8.530
Free Cash Flow 1 - 10.23 170.9 - - -77 449 285
FCF margin - - 23.97% - - -5.87% 31.78% 22.8%
FCF Conversion (EBITDA) - 10.25% 40.08% - - - 55.31% 37.47%
FCF Conversion (Net income) - - 33.11% - - - 108.72% 108.37%
Dividend per Share 2 1.220 0.4500 0.2000 0.2000 0.2000 0.2000 0.2133 0.2000
Announcement Date 2/10/20 3/24/21 2/17/22 2/21/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 228 268.1 236.6 280.7 - 370.9 - 346.9 283.3 327.3 280 297 358 376
EBITDA 1 145.2 156.6 126.1 163.5 - 200.6 155.4 191.4 173.7 227.1 149 164 218 235
EBIT 1 113.1 111.1 - 121.8 - 142.6 101.2 137.4 119.2 172 91 104 157 172
Operating Margin 49.63% 41.45% - 43.4% - 38.46% - 39.61% 42.06% 52.56% 32.5% 35.02% 43.85% 45.74%
Earnings before Tax (EBT) 1 158.2 116.5 - 118.2 - - 99.16 102.2 89.78 - 61 74 126 -
Net income 1 162.1 117.5 - 118.2 - - 99.16 102.2 89.78 - 61 74 126 141
Net margin 71.09% 43.83% - 42.1% - - - 29.45% 31.69% - 21.79% 24.92% 35.2% 37.5%
EPS 2 5.950 3.890 2.780 3.830 - - 3.220 3.320 2.910 - 1.970 2.410 4.080 4.560
Dividend per Share 2 0.0500 0.0500 - 0.0500 0.0500 0.0500 0.0500 0.0500 0.0500 0.0500 0.0750 0.0750 0.0750 0.0750
Announcement Date 11/10/21 2/17/22 5/10/22 7/28/22 11/10/22 2/21/23 5/23/23 8/23/23 11/2/23 2/13/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 459 - 1,192 - 1,565 1,648 1,206 927
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.821 x - 2.796 x - 2.094 x 2.087 x 1.486 x 1.219 x
Free Cash Flow 1 - 10.2 171 - - -77 449 285
ROE (net income / shareholders' equity) 3.57% - 30% - 16% 13.5% 13.8% -
ROA (Net income/ Total Assets) 2.09% - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 66.30 - - - 90.00 103.0 116.0 124.0
Cash Flow per Share 2 6.500 8.580 12.00 16.50 18.20 22.30 25.20 -
Capex 1 - - 279 434 465 699 220 249
Capex / Sales - - 39.1% 35.83% 35.58% 53.35% 15.58% 19.92%
Announcement Date 2/10/20 3/24/21 2/17/22 2/21/23 2/13/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Navios Maritime Partners L.P.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
44.71 USD
Average target price
46.67 USD
Spread / Average Target
+4.38%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Deep Sea Freight

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Deep Sea Freight
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