Navios Maritime Partners LP

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NMM : NYSE : Services
$1.39 -0.06 | -4.10%
Today's Range: 1.35 - 1.49
Avg. Daily Volume: 475,700
07/28/16 - 3:47 PM ET

Financial Analysis


NAVIOS MARITIME PARTNERS LP's gross profit margin for the first 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. NAVIOS MARITIME PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.71 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 7.92% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)45.6456.79
EBITDA ($mil)25.1237.5
EBIT ($mil)6.3219.4
Net Income ($mil)0.2110.88


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)35.84100.96
Total Assets ($mil)1333.861340.72
Total Debt ($mil)577.13529.72
Equity ($mil)732.42795.5


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin92.7492.94
EBITDA Margin55.0466.04
Operating Margin13.8434.17
Sales Turnover0.160.17
Return on Assets2.335.02
Return on Equity4.258.46
Debt Q1 FY16 Q1 FY15
Current Ratio0.753.8
Debt/Capital0.440.4
Interest Expense7.668.25
Interest Coverage0.822.35


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)83.0883.08
Div / share0.00.44
EPS0.00.13
Book value / share8.829.58
Institutional Own % n/a n/a
Avg Daily Volume527554.0921107.0

Valuation


SELL. This stock's P/E ratio indicates a discount compared to an average of 13.30 for the Marine industry and a significant discount compared to the S&P 500 average of 25.05. Conducting a second comparison, its price-to-book ratio of 0.18 indicates a significant discount versus the S&P 500 average of 2.81 and a discount versus the industry average of 1.31. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of 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 4.39 Peers 13.30   NMM 1.10 Peers 6.77

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

NMM is trading at a significant discount to its peers.

 

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 9.88 Peers 15.41   NMM NM Peers 0.07

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

NMM is trading at a discount 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.

NMM's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NMM 0.18 Peers 1.31   NMM -56.10 Peers -5.90

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 0.62 Peers 1.41   NMM -6.23 Peers 3.55

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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