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 80th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 486.5%. In terms of the factors that were most noteworthy in this DCF analysis for NMM, they are:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 13. Its equity weight surpasses that of merely 5.6% of free cash flow generating stocks in the Industrials sector.
Navios Maritime Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
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 only 19.42% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SCS, DY, PMTS, EML, and USDP 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.
Moody's Investors Service, ("Moody's") today has affirmed the corporate family rating (CFR) of Navios Maritime Partners L.P. ("Navios Partners," "NMM") at B2 and its probability of default rating at B2-PD. Today's action reflects primarily Moody's expectation of increased uncertainty with respect to demand for dry bulk shipments in the wake of coronavirus and related global economic slowdown. In addition, Navios Partners has some exposure to the container charter market through its 33.5% equity interest in Navios Maritime Containers L.P. (NMCI), as well as a number of owned container vessels some of which are trading in the spot market.
Shares of Navios Maritime Partners (NYSE:NMM) rose 0.4% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 3400.00% over the past year to ($0.35), which missed the estimate of $0.76.Revenue of $46,490,000 fell by 0.70% from the same period last year, which missed the estimate of $54,020,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 13, 2020View more earnings on NMMTime: 06:54 PM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=http%3A%2F%2Fnavios-mlp.irwebpage.com%2Fevents.html&eventid=2316414&sessionid=1&key=702807D3F9B5EB78311F8A2E5A39A8AB®Tag=&sourcepage=registe...