Navios Maritime Partners (NMM) AI Stock Analysis

• Market Cap: $1.30B
• Dividend Yield: 0.45%
• Average Volume (3M): 114.63K
• Price to Earnings (P/E): 4.5
• Beta (1Y): 1.06
• Revenue Growth: -0.47%
• EPS Growth: -22.23%
• Country: US
• Employees: 186
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 2.15
• Shares Outstanding: 28,932,657
• 10 Day Avg. Volume: 98,102
• 30 Day Avg. Volume: 114,625
• 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: 2.48
• Enterprise Value/Revenue: 2.47
• Enterprise Value/Gross Profit: 4.20
• Enterprise Value/Ebitda: 4.70
• 1Y Price Target: $47.00
• Price Target Upside: 6.79% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: $47.00 ▲(6.79% Upside)

Navios Maritime Partners' overall score reflects a mixed financial performance with strong profitability but cash flow challenges. The stock's undervaluation and high dividend yield are positive, but technical indicators suggest bearish momentum. The earnings call provided a balanced view with both positive strategic actions and notable challenges.

Positive Factors

Fleet Expansion

The acquisition of new, environmentally-friendly vessels indicates a commitment to fleet modernization and sustainability, potentially enhancing competitive positioning and long-term growth prospects in the maritime industry.

Cash Generation

Strong cash generation capabilities provide financial flexibility for strategic investments and shareholder returns, supporting long-term business stability and growth.

Revenue Backlog

A substantial revenue backlog ensures predictable cash flows and financial stability, enabling the company to plan for future investments and withstand market fluctuations.

Negative Factors

Increased Operating Expenses

Rising operating expenses can pressure profit margins and reduce net income, potentially impacting the company's ability to invest in growth opportunities and return capital to shareholders.

Decline in Revenue

A decline in revenue suggests challenges in maintaining growth momentum, which could affect the company's market position and financial performance if not addressed.

Challenges in Dry Bulk Sector

Weakness in the dry bulk sector may lead to reduced demand and lower charter rates, impacting revenue and profitability in this segment over the medium term.

Navios Maritime Partners Business Overview & Revenue Model

Company Description

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as provides its vessels under short, medium, and longer-term charters. It operates a fleet of 26 Panamax vessels, 24 Capesize vessels, four Ultra-Handymax vessels, 47 containerships, and 45 tankers. Olympos Maritime Ltd. serves as the general partner of Navios Maritime Partners L.P. The company was founded in 2007 and is based in Monaco.

How the Company Makes Money

Navios Maritime Partners generates revenue primarily through the leasing of its vessels to shipping companies under time charters and spot market contracts. The company earns revenue from long-term contracts which provide stable cash flows, as well as from spot charters that can offer higher rates during favorable market conditions. Key revenue streams include charter hire payments received for the use of its vessels, and the company benefits from strategic partnerships with major shipping lines and trading companies that require reliable transportation services. Additionally, Navios Maritime Partners may realize gains from vessel sales or acquisitions, depending on market conditions.

Navios Maritime Partners Financial Statement Overview

Summary

Navios Maritime Partners shows strong revenue growth and profitability with a significant increase in revenue and improved gross profit margin. However, the net profit margin has slightly decreased, and there is a need for future investment in assets to sustain growth.

Income Statement

Navios Maritime Partners has demonstrated significant revenue growth over the past few years, with an impressive increase from $226M in 2020 to over $1.33B in 2024. The gross profit margin improved substantially, reaching approximately 83.2% in 2024, indicating efficient cost management. The EBIT margin for 2024 stands at 50.7%, showcasing strong operating performance. However, net profit margin slightly decreased to 27.5% from 33.2% in the previous year, suggesting areas for improvement in net profitability.

Balance Sheet

The company's balance sheet shows a healthy equity position with stockholders' equity increasing to $3.11B in 2024. The debt-to-equity ratio is 0.69, indicating a balanced capital structure. Return on equity (ROE) was 11.8% in 2024, suggesting good returns for shareholders. However, the equity ratio is at 54.8%, indicating moderate leverage which could be a potential risk if not managed carefully.

Cash Flow

Operating cash flow remains robust at $483M in 2024, with a positive free cash flow of the same amount, reflecting strong cash generation capabilities. The free cash flow to net income ratio is 1.32, indicating efficient cash conversion. However, there was a decrease in operating cash flow from the previous year, and capital expenditure remains at zero, which may suggest underinvestment in asset growth or maintenance.

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	2.23B	2.37B	2.13B	2.26B	1.61B	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: Negative
• Last Price: 44.01
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NMM, the sentiment is Negative. The current price of 44.01 is below the 20-day moving average (MA) of 46.08, below the 50-day MA of 46.15, and above the 200-day MA of 41.29, indicating a neutral trend. The MACD of -0.73 indicates Positive momentum. The RSI at 40.39 is Neutral, neither overbought nor oversold. The STOCH value of 40.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NMM.

Navios Maritime Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMRE	83 Outperform	$1.35B	4.76	14.61%	4.17%	-7.24%	-16.39%
GSL	75 Outperform	$993.71M	2.58	26.40%	7.01%	4.43%	17.82%
DAC	69 Neutral	$1.54B	3.47	13.38%	4.05%	5.63%	-17.54%
SBLK	67 Neutral	$1.92B	15.88	5.11%	4.56%	2.95%	-61.74%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
NMM	63 Neutral	$1.30B	4.49	9.89%	0.45%	-0.47%	-22.23%
GNK	60 Neutral	$692.08M	46.17	1.70%	6.22%	-17.15%	2.40%

Navios Maritime Partners Corporate Events

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.