Navios Maritime Partners (NMM) AI Stock Analysis

• Market Cap: $1.53B
• Dividend Yield: 0.38%
• Average Volume (3M): 112.57K
• Price to Earnings (P/E): 6.1
• Beta (1Y): 1.13
• Revenue Growth: -1.33%
• EPS Growth: -33.68%
• Country: US
• Employees: 186
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 2.83
• Shares Outstanding: 28,932,657
• 10 Day Avg. Volume: 141,537
• 30 Day Avg. Volume: 112,567
• PEG Ratio: -0.24
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 0.97
• P/FCF Ratio: -2.48
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 9.33
• Revenue Forecast (FY): $1.22B

• Rating: 72 Outperform
• Price Target: $59.00 ▲(28.71% Upside)

Navios Maritime Partners' stock score is driven by its attractive valuation and strong technical indicators. While financial performance shows mixed results, the low P/E ratio and high dividend yield provide significant upside potential. Overbought technical conditions suggest caution in the short term.

Positive Factors

Fleet Modernization

A modern fleet enhances operational efficiency and competitiveness, reducing maintenance costs and improving charter attractiveness.

Long-Term Revenue Contracts

Long-term contracts provide revenue stability and predictability, supporting financial planning and reducing exposure to market volatility.

Strong Liquidity and Credit Rating

Strong liquidity and credit ratings enhance financial flexibility, enabling strategic investments and debt management.

Negative Factors

Negative Free Cash Flow

Negative free cash flow indicates challenges in cash generation, potentially limiting investment capacity and increasing financial risk.

Decreased Net Income

Decreasing net income can signal declining profitability, impacting reinvestment ability and shareholder returns over time.

Decline in Dry Bulk Rates

Falling dry bulk rates can reduce revenue from this segment, affecting overall profitability and cash flow generation.

Navios Maritime Partners Business Overview & Revenue Model

Company Description

Navios Maritime Partners L.P. is a publicly traded master limited partnership (MLP) focused on the maritime shipping industry. The company primarily operates in the dry bulk and container sectors, providing transportation services for a variety of cargoes including iron ore, coal, and grain. Navios Maritime Partners manages a fleet of vessels that are chartered to various shipping companies, generating stable cash flows through long-term and short-term charters.

How the Company Makes Money

Navios Maritime Partners generates revenue primarily through the chartering of its fleet of dry bulk and container vessels. The company earns income by entering into time charters, which provide stable, predictable revenue for a specified duration, and spot charters, which can yield higher rates based on market conditions. A significant portion of its revenue is derived from long-term contracts with major shipping companies, ensuring consistent cash flow. Additionally, the company may benefit from partnerships with other maritime operators, which can enhance its operational efficiency and expand its market reach. Factors contributing to its earnings include fluctuations in shipping rates, the demand for raw materials, and overall global trade activity.

Navios Maritime Partners Financial Statement Overview

Summary

Navios Maritime Partners shows a mixed financial performance. Strong profitability margins and a stable balance sheet are offset by challenges in revenue growth and cash flow generation. The moderate leverage and solid equity position provide a buffer, but the negative free cash flow trend requires attention.

Income Statement

Navios Maritime Partners shows a mixed performance in its income statement. The company has experienced a slight decline in revenue over the TTM period, with a negative revenue growth rate of -1.11%. Despite this, the company maintains healthy profitability margins, with a gross profit margin of 58.83% and a net profit margin of 23.31% for the TTM. However, these margins have decreased compared to the previous year, indicating some pressure on profitability. The EBIT and EBITDA margins remain strong at 31.61% and 52.50%, respectively, suggesting efficient operations.

Balance Sheet

The balance sheet of Navios Maritime Partners reflects a stable financial position. The debt-to-equity ratio is 0.70, indicating a moderate level of leverage, which is manageable. The return on equity (ROE) is 9.81%, showing a reasonable return for shareholders. The equity ratio stands at 54.18%, suggesting a solid equity base relative to total assets. Overall, the company maintains a balanced approach to financing its operations.

Cash Flow

The cash flow statement reveals some challenges for Navios Maritime Partners. The company has a negative free cash flow growth rate of -16.31% for the TTM, indicating a decline in cash generation. The operating cash flow to net income ratio is 1.17, showing that operating cash flow adequately covers net income. However, the free cash flow to net income ratio is negative at -0.71, highlighting issues in converting earnings into free cash flow. This could pose risks to future investments and debt servicing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.31B	1.33B	1.31B	1.21B	713.17M	226.77M
Gross Profit	767.76M	882.00M	859.39M	517.30M	343.51M	55.62M
EBITDA	685.13M	655.31M	794.03M	896.99M	601.75M	21.83M
Net Income	304.15M	367.31M	433.64M	579.25M	516.19M	-68.54M
Balance Sheet
Total Assets	5.88B	5.67B	5.15B	4.90B	3.62B	1.21B
Cash, Cash Equivalents and Short-Term Investments	389.01M	282.45M	287.38M	157.81M	159.47M	19.30M
Total Debt	2.45B	1.42B	1.31B	1.39B	1.14B	500.01M
Total Liabilities	2.69B	2.57B	2.38B	2.55B	1.85B	552.44M
Stockholders Equity	3.19B	3.11B	2.77B	2.34B	1.74B	654.83M
Cash Flow
Free Cash Flow	-380.84M	-523.65M	95.30M	-104.24M	-1.71M	10.98M
Operating Cash Flow	535.74M	483.48M	560.32M	506.34M	277.17M	94.09M
Investing Cash Flow	-756.82M	-782.13M	-253.01M	-316.24M	-106.25M	-83.85M
Financing Cash Flow	318.86M	349.26M	-233.22M	-184.45M	-32.20M	-9.91M

Navios Maritime Partners Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 45.84
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NMM, the sentiment is Positive. The current price of 45.84 is below the 20-day moving average (MA) of 50.72, below the 50-day MA of 47.81, and above the 200-day MA of 42.11, indicating a bullish trend. The MACD of 1.69 indicates Negative momentum. The RSI at 68.83 is Neutral, neither overbought nor oversold. The STOCH value of 56.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NMM.

Navios Maritime Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAC	81 Outperform	$1.77B	3.86	13.16%	3.57%	3.82%	-13.73%
GSL	81 Outperform	$1.13B	2.94	26.18%	6.05%	7.13%	23.37%
CMRE	76 Outperform	$1.56B	5.49	14.98%	3.04%	-29.82%	-16.77%
NMM	72 Outperform	$1.53B	6.06	8.33%	0.38%	-1.33%	-33.68%
SBLK	68 Neutral	$2.28B	37.97	2.50%	4.15%	-13.87%	-82.48%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GNK	61 Neutral	$707.54M	47.21	-0.78%	3.97%	-24.58%	-110.22%

Navios Maritime Partners Corporate Events

Navios Maritime Partners Announces 2025 Annual Meeting Details

Navios Maritime Partners L.P. has announced its 2025 annual meeting of Limited Partners, scheduled for December 19, 2025, in Piraeus, Greece. The meeting’s agenda includes the election of a Class II director and the ratification of Ernst & Young as the independent accounting firm for the fiscal year ending December 31, 2025. This meeting is significant for stakeholders as it involves key decisions impacting the company’s governance and financial oversight.

Navios Maritime Partners Expands Fleet with New Acquisitions and Sales

In recent developments, Navios Maritime Partners sold a 2009-built transhipper vessel for $30 million in July 2025 and agreed to sell two additional vessels in August 2025 for $22.6 million, with sales expected to complete in the second half of 2025. On September 8, 2025, the company announced the acquisition of four new methanol-ready and scrubber-fitted containerships for $115.1 million each, chartered out for 5.2 years, with delivery expected between the second half of 2027 and the first quarter of 2028. These strategic moves indicate Navios Partners’ focus on fleet renewal and expansion, potentially strengthening its market position.