Navios Maritime Partners LP Common Limited Partner Interests (NMM) Company Bio
Navios Maritime Partners LP provides seaborne transportation services for a range of drybulk commodities that include iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters. The company was founded in 2007 and is based in Monte Carlo, Monaco.
NMM Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Navios Maritime Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Navios Maritime Partners LP ranked in the 78th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 437%. The most interesting components of our discounted cash flow analysis for Navios Maritime Partners LP ended up being:
13% of the company's capital comes from equity, which is greater than merely 4.19% of stocks in our cash flow based forecasting set.
Navios Maritime Partners LP's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.37. This coverage rate is greater than that of merely 23.87% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Navios Maritime Partners LP experienced a tax rate of about 0% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SB, GOGL, MGRC, FELE, and URI can be thought of as valuation peers to NMM, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
Navios Maritime Partners (NMM) disappointed investors once again by slashing the quarterly distribution by 83% to $0.05. Let me be clear. NMM had no reason whatsoever to do this. For starters, the prior distribution only 'costed' the partnership ~$13.6M per annum. As covered in my previous article, what brings tremendous...
Investment Thesis Source: NMM Investor Relation website Shipping company Navios Maritime Partners (NMM), which is focusing on the dry bulk shipping segment has experienced many turbulent years. It has been going back and forth between feast and famine. With 43% of their fleet now tied up on index-linked period charters,...
Tudor Invest Holdings on Seeking Alpha | August 19, 2020
Conference Call & Webcast: Wednesday, July 29, 2020 at 8:30 am ETMONACO, July 27, 2020 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) announced today that it will host a conference call on Wednesday, July 29, 2020 at 8:30 am ET, at which time Navios Partners' senior management will provide highlights and commentary on earnings results for the second quarter and six months ended June 30, 2020. The Company will report results for the second quarter and six months ended June 30, 2020, prior to the conference call.A supplemental slide presentation will be available on the Navios Partners website at www.navios-mlp.com under the "Investors" section at 8:00 am ET on the day of the call.Conference Call details: Call Date/Time: Wednesd...
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