Navios Maritime Partners LP

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NMM : NYSE : Services
$1.72 | %
Today's Range: 1.64 - 1.79
Avg. Daily Volume: 965800.0
01/20/17 - 4:02 PM ET

Financial Analysis


NAVIOS MARITIME PARTNERS LP's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry.

During the same period, stockholders' equity ("net worth") has decreased by 8.17% from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)50.3457.1
EBITDA ($mil)30.8438.54
EBIT ($mil)-7.3118.55
Net Income ($mil)-33.8611.76


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)42.1632.94
Total Assets ($mil)1300.771376.01
Total Debt ($mil)554.46603.29
Equity ($mil)681.76742.42


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin95.5196.17
EBITDA Margin61.2567.48
Operating Margin-14.5132.49
Sales Turnover0.150.17
Return on Assets-3.273.44
Return on Equity-6.256.39
Debt Q3 FY16 Q3 FY15
Current Ratio1.180.9
Debt/Capital0.450.45
Interest Expense7.617.9
Interest Coverage-0.962.35


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)83.0883.08
Div / share0.00.44
EPS-0.40.14
Book value / share8.218.94
Institutional Own % n/a n/a
Avg Daily Volume950754.0291902.0

Valuation


SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Conducting a second comparison, its price-to-book ratio of 0.20 indicates a significant discount versus the S&P 500 average of 2.83 and a discount versus the industry average of 1.16. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, NAVIOS MARITIME PARTNERS LP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NMM NM Peers 19.05   NMM 2.26 Peers 5.75

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

NMM's P/E is negative making this valuation measure meaningless.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

NMM is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
NMM NM Peers 17.57   NMM NA Peers 0.05

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

NMM is trading at a premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NMM 0.20 Peers 1.16   NMM -191.07 Peers -59.45

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

NMM is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, NMM is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NMM 0.70 Peers 1.74   NMM -15.49 Peers -1.86

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

NMM is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

NMM significantly trails its peers on the basis of sales growth

 

 

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