Navios Maritime Partners LP

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NMM : NYSE : Services
$2.0 | %
Today's Range: 1.99 - 2.13
Avg. Daily Volume: 864700.0
03/24/17 - 4:02 PM ET

Financial Analysis


NAVIOS MARITIME PARTNERS LP's gross profit margin for the fourth 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 0.55 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 7.10% 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 Q4 FY16 Q4 FY15
Net Sales ($mil)49.6753.31
EBITDA ($mil)26.933.81
EBIT ($mil)10.2815.01
Net Income ($mil)-2.097.81


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)25.0934.54
Total Assets ($mil)1268.581350.29
Total Debt ($mil)523.78598.08
Equity ($mil)680.21732.22


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin93.9794.72
EBITDA Margin54.1563.42
Operating Margin20.728.15
Sales Turnover0.150.17
Return on Assets-4.143.09
Return on Equity-7.725.7
Debt Q4 FY16 Q4 FY15
Current Ratio0.570.96
Debt/Capital0.440.45
Interest Expense7.617.72
Interest Coverage1.351.94


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)83.3283.08
Div / share0.00.21
EPS-0.020.09
Book value / share8.168.81
Institutional Own % n/a n/a
Avg Daily Volume802319.0824892.0

Valuation


SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Conducting a second comparison, its price-to-book ratio of 0.28 indicates a significant discount versus the S&P 500 average of 2.98 and a discount versus the industry average of 1.13. 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 22.98   NMM 3.32 Peers 6.89

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 40.91 Peers 23.58   NMM NA Peers 0.84

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

NMM's ratio is negative making this valuation measure meaningless.

 

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 0.28 Peers 1.13   NMM -226.53 Peers -39.86

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 0.98 Peers 2.07   NMM -14.83 Peers -2.79

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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