Navigator Holdings (NVGS) AI Stock Analysis

• Market Cap: $1.03B
• Dividend Yield: 1.35%
• Average Volume (3M): 281.65K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.85
• Revenue Growth: 1.19%
• EPS Growth: 12.56%
• Country: US
• Employees: 174
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.14
• Shares Outstanding: 69,261,600
• 10 Day Avg. Volume: 323,600
• 30 Day Avg. Volume: 281,650
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.72
• Enterprise Value/Revenue: 3.12
• Enterprise Value/Gross Profit: 8.19
• Enterprise Value/Ebitda: 6.79
• 1Y Price Target: $22.33
• Price Target Upside: 51.49% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 70 Outperform
• Price Target: $17.00 ▲(15.33% Upside)

Navigator Holdings' overall stock score reflects a strong financial performance and a fair valuation, tempered by bearish technical indicators. The earnings call provided a cautiously optimistic outlook despite geopolitical challenges. The company's strategic initiatives, such as new vessel orders and a share buyback program, support future growth prospects. However, the current market momentum is negative, which impacts the overall score.

Positive Factors

Strategic Vessel Orders

The new vessel orders with long-term contracts enhance fleet capabilities and secure future revenue, aligning with sustainable fuel trends.

Joint Venture for Ammonia Carriers

The joint venture supports strategic goals for sustainable fuel sources, expanding market reach and enhancing long-term earnings potential.

Strong Cash Position

A strong cash position provides financial flexibility for strategic investments and cushions against market volatility, supporting growth.

Negative Factors

Revenue Decline

The revenue decline due to geopolitical issues highlights vulnerability to external factors, potentially impacting long-term financial stability.

Decreased Utilization

Decreased fleet utilization and TCE rates can reduce profitability and indicate challenges in optimizing asset use, affecting earnings.

Significant Debt Levels

While leverage is managed, significant debt levels require careful monitoring to avoid financial strain and ensure long-term stability.

Navigator Holdings Business Overview & Revenue Model

Company Description

Navigator Holdings Ltd. is a leading provider of international maritime transportation services, primarily focusing on the transportation of liquefied gases, including liquefied natural gas (LNG) and liquefied petroleum gas (LPG). The company operates a fleet of specialized vessels that facilitate the safe and efficient movement of these gases across global shipping routes. Navigator Holdings serves a diverse client base, including major energy and petrochemical companies, and is recognized for its commitment to safety and operational excellence in the maritime sector.

How the Company Makes Money

Navigator Holdings generates revenue primarily through the chartering of its fleet of vessels, which transport liquefied gases for clients on a contractual basis. The company typically enters into time charters or voyage charters, allowing it to earn revenue based on the duration of the charter or the specific voyages undertaken. Key revenue streams include long-term contracts with major energy and petrochemical companies, which provide stable cash flow. Additionally, Navigator Holdings benefits from its strategic partnerships and relationships within the energy sector, enabling it to secure consistent business. Economic factors such as global demand for LNG and LPG, as well as fluctuations in shipping rates, also play a significant role in influencing the company's earnings.

Navigator Holdings Financial Statement Overview

Summary

Navigator Holdings presents a strong financial profile with consistent revenue and profit growth, a stable balance sheet, and robust cash flow generation. While the company has managed its leverage well, the significant debt levels require careful monitoring. The overall financial health is positive, with a solid foundation for future growth and profitability.

Income Statement

Navigator Holdings has shown a strong revenue growth trajectory, with a notable increase in total revenue from $301 million in 2019 to $566 million in 2024. The gross profit margin has improved significantly, reflecting enhanced operational efficiency. Net profit margin has also improved, indicating better cost management and profitability. The EBIT and EBITDA margins are robust, showcasing strong earnings performance. Overall, the income statement reflects a healthy financial position with consistent growth and profitability.

Balance Sheet

The company's balance sheet is stable, with a healthy equity ratio indicating a strong equity base relative to total assets. The debt-to-equity ratio is moderate, suggesting manageable leverage levels. Return on Equity (ROE) has improved, reflecting better utilization of shareholder funds to generate profits. However, the total debt remains significant, which could pose a risk if not managed carefully. Overall, the balance sheet is solid, with a good balance between debt and equity.

Cash Flow

Navigator Holdings has demonstrated strong cash flow management, with operating cash flow increasing significantly over the years. The free cash flow has shown substantial growth, indicating effective capital expenditure management and strong cash generation capabilities. The operating cash flow to net income ratio is healthy, suggesting efficient conversion of earnings into cash. Overall, the cash flow statement reflects strong liquidity and cash generation, supporting the company's financial stability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	566.68M	550.74M	473.79M	403.58M	332.50M
Gross Profit	319.50M	170.51M	88.92M	90.65M	70.52M
EBITDA	270.42M	264.69M	212.09M	149.12M	118.44M
Net Income	85.57M	82.25M	29.08M	-46.79M	662.00K
Balance Sheet
Total Assets	2.18B	2.20B	2.10B	2.16B	1.84B
Cash, Cash Equivalents and Short-Term Investments	130.82M	149.58M	153.19M	124.01M	59.06M
Total Debt	857.28M	857.05M	810.54M	920.50M	792.50M
Total Liabilities	934.26M	969.61M	923.33M	1.04B	897.01M
Stockholders Equity	1.21B	1.19B	1.16B	1.11B	940.54M
Cash Flow
Free Cash Flow	169.12M	-17.26M	84.54M	99.05M	42.41M
Operating Cash Flow	210.52M	174.70M	130.31M	102.59M	44.67M
Investing Cash Flow	-100.99M	-176.48M	35.64M	28.25M	-16.15M
Financing Cash Flow	-126.01M	6.81M	-134.14M	-66.09M	-35.38M

Navigator Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14.74
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVGS, the sentiment is Negative. The current price of 14.74 is below the 20-day moving average (MA) of 15.97, below the 50-day MA of 15.99, and below the 200-day MA of 14.93, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 30.46 is Neutral, neither overbought nor oversold. The STOCH value of 6.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NVGS.

Navigator Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TNK	76 Outperform	$1.70B	6.09	15.78%	4.06%	-21.71%	-37.58%
DHT	75 Outperform	$1.84B	9.68	17.90%	6.80%	-8.89%	21.28%
FLNG	71 Outperform	$1.34B	13.71	12.50%	11.93%	-2.98%	-17.51%
NVGS	70 Outperform	$1.03B	11.77	7.39%	1.35%	1.19%	12.56%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
LPG	64 Neutral	$1.17B	23.96	4.54%	11.39%	-42.64%	-84.82%
GLNG	51 Neutral	$4.04B	1,531.44	-0.38%	2.56%	-2.78%	-105.22%

Navigator Holdings Corporate Events

Navigator Holdings Reports Q2 2025 Financial Results Amid Market Challenges

Navigator Holdings Ltd. released its financial report for the quarter ending June 30, 2025, detailing its financial condition and operational results. The report highlights various factors impacting the company’s performance, including market conditions, operational expenses, and geopolitical events. The company is actively managing its fleet and financial strategies amidst fluctuating market dynamics and global events, which could influence its future operations and stakeholder interests.

Navigator Holdings Forms Joint Venture with Amon Maritime for Ammonia Carriers

On July 14, 2025, Navigator Holdings Ltd. announced a joint venture with Amon Maritime to construct two ammonia-fueled liquefied ammonia carriers, with Navigator acquiring an 80% stake. The vessels, capable of carrying liquefied petroleum gas, will be built by Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd., with deliveries scheduled for June and October 2028. The project received a NOK 90 million investment grant from the Norwegian government agency Enova. The joint venture will finance the vessels primarily through commercial bank finance, with Navigator and Amon Maritime providing capital contributions. Once delivered, the vessels will operate under long-term time charters with a blue-chip industry leader for five years, enhancing Navigator’s earnings and supporting its strategic goal of meeting the demand for sustainable fuel sources.