Financial Comparison: Navios Maritime Partners (NMM) versus Its Competitors

Navios Maritime Partners (NYSE: NMM) is one of 27 publicly-traded companies in the “Deep Sea Freight” industry, but how does it weigh in compared to its peers? We will compare Navios Maritime Partners to related businesses based on the strength of its analyst recommendations, valuation, risk, earnings, dividends, profitability and institutional ownership.

Risk and Volatility

Navios Maritime Partners has a beta of 1.87, suggesting that its share price is 87% more volatile than the S&P 500. Comparatively, Navios Maritime Partners’ peers have a beta of 2.06, suggesting that their average share price is 106% more volatile than the S&P 500.

Profitability

This table compares Navios Maritime Partners and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Navios Maritime Partners -19.50% 2.60% 1.49%
Navios Maritime Partners Competitors -84.73% -15.18% -5.29%

Earnings & Valuation

This table compares Navios Maritime Partners and its peers revenue, earnings per share and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
Navios Maritime Partners $190.52 million -$52.54 million -4.47
Navios Maritime Partners Competitors $220.64 million -$76.22 million -2.26

Navios Maritime Partners’ peers have higher revenue, but lower earnings than Navios Maritime Partners. Navios Maritime Partners is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

17.1% of Navios Maritime Partners shares are owned by institutional investors. Comparatively, 56.2% of shares of all “Deep Sea Freight” companies are owned by institutional investors. 4.1% of shares of all “Deep Sea Freight” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Navios Maritime Partners and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Navios Maritime Partners 0 2 1 0 2.33
Navios Maritime Partners Competitors 145 479 592 5 2.37

Navios Maritime Partners currently has a consensus price target of $2.17, indicating a potential upside of 7.79%. As a group, “Deep Sea Freight” companies have a potential upside of 34.55%. Given Navios Maritime Partners’ peers stronger consensus rating and higher possible upside, analysts plainly believe Navios Maritime Partners has less favorable growth aspects than its peers.

Summary

Navios Maritime Partners peers beat Navios Maritime Partners on 8 of the 13 factors compared.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters. It focuses on providing seaborne shipping services under long-term time charters. As of December 31, 2016, it controlled 12 Panamax vessels, nine Capesize vessels, three Ultra-Handymax vessels and seven container vessels. Panamax vessels are vessels capable of carrying a range of dry cargo commodities, including iron ore, coal, grain and fertilizer and being accommodated in various discharge ports. Capesize vessels are dedicated to the carriage of iron ore and coal. Ultra-Handymax vessels are similar to Panamax vessels although with less carrying capacity, and have self-loading and discharging gear on board to accommodate undeveloped ports.

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