NAVIOS MARITIME PARTNERS L.P. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 48.01 USD | -1.30% |
|
+3.03% | +71.71% |
| May. 14 | Transcript : Navios Maritime Partners L.P., Q1 2024 Earnings Call, May 14, 2024 | |
| May. 14 | Navios Maritime Partners Q1 Adjusted Earnings, Revenue Rise | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 208.8 | 129.7 | 773.3 | 799.7 | 861.4 | 1,498 | - | - |
| Enterprise Value (EV) 1 | 667.4 | 129.7 | 1,966 | 799.7 | 2,427 | 3,176 | 2,750 | 2,437 |
| P/E ratio | - | - | 1.12 x | - | 1.99 x | 3.45 x | 3.76 x | 5.04 x |
| Yield | 6.55% | 4.02% | 0.8% | 0.77% | 0.72% | 0.41% | 0.44% | 0.41% |
| Capitalization / Revenue | 0.95 x | - | 1.08 x | 0.66 x | 0.66 x | 1.01 x | 1.01 x | 1.04 x |
| EV / Revenue | 3.04 x | - | 2.76 x | 0.66 x | 1.86 x | 2.14 x | 1.86 x | 1.7 x |
| EV / EBITDA | 5.56 x | 1.3 x | 4.61 x | 1.2 x | 3.25 x | 3.97 x | 3.41 x | 3.14 x |
| EV / FCF | - | 12.7 x | 11.5 x | - | - | -21.8 x | 6.35 x | 7.64 x |
| FCF Yield | - | 7.89% | 8.7% | - | - | -4.6% | 15.7% | 13.1% |
| Price to Book | 0.28 x | - | - | - | 0.31 x | 0.47 x | 0.42 x | 0.39 x |
| Nbr of stocks (in thousands) | 11,214 | 11,583 | 30,820 | 30,807 | 30,807 | 30,807 | - | - |
| Reference price 2 | 18.62 | 11.20 | 25.09 | 25.96 | 27.96 | 48.64 | 48.64 | 48.64 |
| Announcement Date | 2/10/20 | 3/24/21 | 2/17/22 | 2/21/23 | 2/13/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 219.4 | - | 713.2 | 1,211 | 1,307 | 1,486 | 1,481 | 1,435 |
| EBITDA 1 | 120 | 99.84 | 426.5 | 667.9 | 747.6 | 799.1 | 806.7 | 775 |
| EBIT 1 | 57.64 | - | 313.7 | 466.1 | 529.7 | 559 | 525.6 | 399 |
| Operating Margin | 26.27% | - | 43.98% | 38.5% | 40.53% | 37.62% | 35.5% | 27.8% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | 435 | 408 | 304 |
| Net income 1 | - | - | 516.2 | - | 433.6 | 435 | 399 | 298 |
| Net margin | - | - | 72.38% | - | 33.18% | 29.27% | 26.94% | 20.77% |
| EPS 2 | - | - | 22.32 | - | 14.08 | 14.11 | 12.94 | 9.650 |
| Free Cash Flow 1 | - | 10.23 | 170.9 | - | - | -146 | 433 | 319 |
| FCF margin | - | - | 23.97% | - | - | -9.83% | 29.24% | 22.23% |
| FCF Conversion (EBITDA) | - | 10.25% | 40.08% | - | - | - | 53.67% | 41.16% |
| FCF Conversion (Net income) | - | - | 33.11% | - | - | - | 108.52% | 107.05% |
| Dividend per Share 2 | 1.220 | 0.4500 | 0.2000 | 0.2000 | 0.2000 | 0.2000 | 0.2133 | 0.2000 |
| Announcement Date | 2/10/20 | 3/24/21 | 2/17/22 | 2/21/23 | 2/13/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 228 | 268.1 | 236.6 | 280.7 | - | 370.9 | - | 346.9 | 283.3 | 327.3 | 318.6 | 347 | 396 | 424 | 346 |
| EBITDA 1 | 145.2 | 156.6 | 126.1 | 163.5 | - | 200.6 | 155.4 | 191.4 | 173.7 | 227.1 | 164.3 | 176 | 220 | 245 | 166 |
| EBIT 1 | 113.1 | 111.1 | - | 121.8 | - | 142.6 | 101.2 | 137.4 | 119.2 | 172 | 108.7 | 117 | 159 | 182 | 102 |
| Operating Margin | 49.63% | 41.45% | - | 43.4% | - | 38.46% | - | 39.61% | 42.06% | 52.56% | 34.13% | 33.72% | 40.15% | 42.92% | 29.48% |
| Earnings before Tax (EBT) 1 | 158.2 | 116.5 | - | 118.2 | - | - | 99.16 | 102.2 | 89.78 | - | 73.36 | 86 | 127 | 149 | 70 |
| Net income 1 | 162.1 | 117.5 | - | 118.2 | - | - | 99.16 | 102.2 | 89.78 | - | 73.36 | 86 | 127 | 149 | 69 |
| Net margin | 71.09% | 43.83% | - | 42.1% | - | - | - | 29.45% | 31.69% | - | 23.03% | 24.78% | 32.07% | 35.14% | 19.94% |
| EPS 2 | 5.950 | 3.890 | 2.780 | 3.830 | - | - | 3.220 | 3.320 | 2.910 | - | 2.380 | 2.780 | 4.120 | 4.830 | 2.230 |
| Dividend per Share 2 | 0.0500 | 0.0500 | - | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0750 | 0.0750 | 0.0750 | 0.1000 |
| Announcement Date | 11/10/21 | 2/17/22 | 5/10/22 | 7/28/22 | 11/10/22 | 2/21/23 | 5/23/23 | 8/23/23 | 11/2/23 | 2/13/24 | 5/14/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 459 | - | 1,192 | - | 1,565 | 1,678 | 1,252 | 939 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.821 x | - | 2.796 x | - | 2.094 x | 2.1 x | 1.552 x | 1.212 x |
| Free Cash Flow 1 | - | 10.2 | 171 | - | - | -146 | 433 | 319 |
| ROE (net income / shareholders' equity) | 3.57% | - | 30% | - | 16% | 14.6% | 13.5% | 8% |
| ROA (Net income/ Total Assets) | 2.09% | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 66.30 | - | - | - | 90.00 | 104.0 | 116.0 | 126.0 |
| Cash Flow per Share 2 | 6.500 | 8.580 | 12.00 | 16.50 | 18.20 | 22.30 | 25.20 | - |
| Capex 1 | - | - | 279 | 434 | 465 | 699 | 220 | 249 |
| Capex / Sales | - | - | 39.1% | 35.83% | 35.58% | 47.06% | 14.86% | 17.35% |
| Announcement Date | 2/10/20 | 3/24/21 | 2/17/22 | 2/21/23 | 2/13/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
48.64
USD
Average target price
49
USD
Spread / Average Target
+0.74%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +71.71% | 1.5B | |
| +45.64% | 13.91B | |
| +18.31% | 4.08B | |
| +3.23% | 3.16B | |
| +22.72% | 2.9B | |
| +96.66% | 2.29B | |
| +25.53% | 2.04B | |
| +17.35% | 1.92B | |
| -15.77% | 1.9B | |
| +42.75% | 1.76B |
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- Financials Navios Maritime Partners L.P.
