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Navios Maritime Partners

DB:3PXA
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3PXA
DB
$222M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The last earnings update was 66 days ago. More info.


Add to Portfolio Compare Print
  • Navios Maritime Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Navios Maritime Partners has significant price volatility in the past 3 months.
3PXA Share Price and Events
7 Day Returns
16.4%
DB:3PXA
4.1%
Europe Shipping
2.8%
DE Market
1 Year Returns
-15.3%
DB:3PXA
6.2%
Europe Shipping
3%
DE Market
3PXA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Navios Maritime Partners (3PXA) 16.4% 5.4% 22.9% -15.3% 1.6% -90.4%
Europe Shipping 4.1% -1.6% 9.8% 6.2% 6.6% -14.5%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • 3PXA underperformed the Shipping industry which returned 6.2% over the past year.
  • 3PXA underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
3PXA
Industry
5yr Volatility vs Market

3PXA Value

 Is Navios Maritime Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Navios Maritime Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Navios Maritime Partners.

DB:3PXA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3PXA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 33%) (218.35%))
1.54
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.54 * 5.96%)
9.4%

Discounted Cash Flow Calculation for DB:3PXA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Navios Maritime Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:3PXA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.4%)
2020 107.57 Analyst x1 98.32
2021 149.69 Est @ 39.15% 125.06
2022 190.81 Est @ 27.48% 145.71
2023 227.65 Est @ 19.3% 158.90
2024 258.56 Est @ 13.58% 164.96
2025 283.32 Est @ 9.57% 165.21
2026 302.50 Est @ 6.77% 161.24
2027 317.04 Est @ 4.81% 154.46
2028 327.93 Est @ 3.43% 146.03
2029 336.03 Est @ 2.47% 136.78
Present value of next 10 years cash flows $1,456.00
DB:3PXA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $336.03 × (1 + 0.23%) ÷ (9.4% – 0.23%)
$3,670.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,670.06 ÷ (1 + 9.4%)10
$1,493.84
DB:3PXA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,456.00 + $1,493.84
$2,949.84
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,949.84 / 11.21
$263.04
DB:3PXA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3PXA represents 0.89813x of NYSE:NMM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89813x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 263.04 x 0.89813
€236.25
Value per share (EUR) From above. €236.25
Current discount Discount to share price of €17.79
= -1 x (€17.79 - €236.25) / €236.25
92.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Navios Maritime Partners is available for.
Intrinsic value
>50%
Share price is €17.79 vs Future cash flow value of €236.25
Current Discount Checks
For Navios Maritime Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Navios Maritime Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Navios Maritime Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Navios Maritime Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Navios Maritime Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3PXA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.45
NYSE:NMM Share Price ** NYSE (2019-10-11) in USD $19.81
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Navios Maritime Partners.

DB:3PXA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NMM Share Price ÷ EPS (both in USD)

= 19.81 ÷ -0.45

-43.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Navios Maritime Partners is loss making, we can't compare its value to the Europe Shipping industry average.
  • Navios Maritime Partners is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Navios Maritime Partners's expected growth come at a high price?
Raw Data
DB:3PXA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -43.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Navios Maritime Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Navios Maritime Partners's assets?
Raw Data
DB:3PXA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $66.92
NYSE:NMM Share Price * NYSE (2019-10-11) in USD $19.81
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:3PXA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NMM Share Price ÷ Book Value per Share (both in USD)

= 19.81 ÷ 66.92

0.3x

* Primary Listing of Navios Maritime Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Navios Maritime Partners is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Navios Maritime Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Navios Maritime Partners has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

3PXA Future Performance

 How is Navios Maritime Partners expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.4%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Navios Maritime Partners expected to grow at an attractive rate?
  • Unable to compare Navios Maritime Partners's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Navios Maritime Partners's earnings growth to the Germany market average as no estimate data is available.
  • Navios Maritime Partners's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3PXA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3PXA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.4%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3PXA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3PXA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 252 1
2020-12-31 250 108 2
2019-12-31 221 66 1
2019-10-13
DB:3PXA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 215 51 -5
2019-03-31 225 72 -28
2018-12-31 231 68 -13
2018-09-30 233 67 -36
2018-06-30 230 75 -38
2018-03-31 222 62 -4
2017-12-31 212 53 -15
2017-09-30 202 59 6
2017-06-30 192 28 -38
2017-03-31 187 31 -58
2016-12-31 191 62 -53
2016-09-30 194 61 -43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Navios Maritime Partners is high growth as no earnings estimate data is available.
  • Navios Maritime Partners's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3PXA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Navios Maritime Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3PXA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-10-13
DB:3PXA Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.45
2019-03-31 -2.49
2018-12-31 -1.14
2018-09-30 -3.19
2018-06-30 -3.30
2018-03-31 -0.35
2017-12-31 -1.50
2017-09-30 0.56
2017-06-30 -3.74
2017-03-31 -5.82
2016-12-31 -9.27
2016-09-30 -7.55

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Navios Maritime Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Navios Maritime Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Navios Maritime Partners has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

3PXA Past Performance

  How has Navios Maritime Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Navios Maritime Partners's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Navios Maritime Partners does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Navios Maritime Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Navios Maritime Partners's 1-year growth to the Europe Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Navios Maritime Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Navios Maritime Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3PXA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 214.68 -5.07 87.85
2019-03-31 225.13 -28.08 87.73
2018-12-31 231.36 -13.08 87.33
2018-09-30 233.09 -36.41 86.25
2018-06-30 230.47 -37.58 89.71
2018-03-31 222.29 -3.96 87.14
2017-12-31 211.65 -15.09 84.47
2017-09-30 202.05 5.64 81.83
2017-06-30 192.44 -37.51 74.90
2017-03-31 187.29 -58.41 71.91
2016-12-31 190.52 -52.55 71.56
2016-09-30 194.17 -42.65 68.47
2016-06-30 200.94 2.97 67.61
2016-03-31 212.53 31.14 66.37
2015-12-31 223.68 41.81 64.44
2015-09-30 229.75 47.46 63.34
2015-06-30 227.94 48.74 61.35
2015-03-31 226.64 67.37 59.53
2014-12-31 227.36 74.85 58.20
2014-09-30 220.11 71.51 54.77
2014-06-30 211.40 71.60 50.56
2014-03-31 205.38 61.12 46.33
2013-12-31 198.16 59.01 42.48
2013-09-30 198.80 89.02 40.68
2013-06-30 207.76 98.04 40.27
2013-03-31 207.73 95.21 38.83
2012-12-31 205.44 95.90 37.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Navios Maritime Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Navios Maritime Partners used its assets less efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • It is difficult to establish if Navios Maritime Partners improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Navios Maritime Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Navios Maritime Partners has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

3PXA Health

 How is Navios Maritime Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Navios Maritime Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Navios Maritime Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Navios Maritime Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Navios Maritime Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Navios Maritime Partners Company Filings, last reported 3 months ago.

DB:3PXA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 750.41 485.06 33.88
2019-03-31 760.90 500.68 47.49
2018-12-31 776.75 507.49 58.59
2018-09-30 783.29 511.67 53.46
2018-06-30 775.62 494.46 40.58
2018-03-31 807.95 486.81 48.27
2017-12-31 767.71 493.46 24.05
2017-09-30 790.03 500.58 24.68
2017-06-30 797.50 475.02 79.75
2017-03-31 804.71 424.49 111.65
2016-12-31 680.21 523.78 17.36
2016-09-30 681.76 554.46 40.58
2016-06-30 715.62 555.01 25.33
2016-03-31 732.42 577.13 33.38
2015-12-31 732.22 598.08 26.75
2015-09-30 742.42 603.29 25.14
2015-06-30 768.76 608.50 26.84
2015-03-31 795.50 529.72 99.92
2014-12-31 749.10 575.97 99.50
2014-09-30 771.11 557.31 140.21
2014-06-30 793.54 530.64 183.52
2014-03-31 799.03 531.98 140.56
2013-12-31 706.51 533.32 35.35
2013-09-30 728.97 344.66 145.82
2013-06-30 665.84 345.03 62.35
2013-03-31 676.27 243.79 73.89
2012-12-31 618.69 299.71 32.13
  • Navios Maritime Partners's level of debt (64.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (66.9% vs 64.6% today).
  • Debt is not well covered by operating cash flow (10.6%, less than 20% of total debt).
  • Navios Maritime Partners is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Navios Maritime Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Navios Maritime Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

3PXA Dividends

 What is Navios Maritime Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.06%
Current annual income from Navios Maritime Partners dividends. Estimated to be 6.06% next year.
If you bought €2,000 of Navios Maritime Partners shares you are expected to receive €121 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Navios Maritime Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Navios Maritime Partners's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3PXA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:3PXA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.20 1.00
2020-12-31 1.20 1.00
2019-12-31 1.20 1.00
2019-10-13
DB:3PXA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-25 1.200 7.139
2019-04-24 1.200 8.686
2019-01-28 1.200 8.376
2018-10-25 1.200 6.775
2018-07-25 1.200 4.355
2018-03-12 1.200 4.293
2017-07-31 0.000 0.000
2017-07-27 0.000 0.000
2017-05-25 0.000 0.000
2017-05-22 0.000 0.000
2017-03-13 0.000 0.000
2017-02-14 0.000 0.000
2016-11-14 0.000 0.000
2016-08-12 0.000 0.000
2016-08-11 0.000 0.000
2016-05-12 0.000 0.000
2016-03-23 0.000 0.000
2016-02-03 0.000 0.000
2015-11-12 12.750 31.207
2015-11-03 12.750 16.216
2015-07-30 26.550 21.612
2015-05-05 26.550 16.194
2015-05-04 26.550 14.282
2015-01-27 26.550 14.632
2014-10-23 26.550 14.170
2014-07-24 26.550 9.526
2014-04-25 26.550 9.389
2014-01-24 26.550 9.700
2013-10-25 26.550 10.205
2013-07-22 26.550 12.103
2013-04-22 26.550 12.149
2013-01-22 26.550 12.550
2012-10-18 26.550 12.961
2012-07-23 26.550 12.079
2012-04-25 26.400 12.792
2012-01-24 26.400 10.921
2011-10-21 26.400 11.565
2011-07-25 26.400 11.996
2011-04-18 25.800 9.174
2011-01-21 25.800 8.814
2010-10-26 25.200 8.749
2010-07-22 25.200 9.384
2010-04-26 24.900 10.250
2010-01-26 24.600 9.738
2009-10-27 24.300 10.989
2009-07-27 24.000 13.247
2009-04-24 24.000 16.178
2009-01-26 24.000 19.826
2008-10-21 23.100 25.642

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Navios Maritime Partners's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.6x coverage).
X
Income/ dividend checks
We assess Navios Maritime Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Navios Maritime Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Navios Maritime Partners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

3PXA Management

 What is the CEO of Navios Maritime Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Angeliki N. Frangou
COMPENSATION $150,000
AGE 54
TENURE AS CEO 12.2 years
CEO Bio

Ms. Angeliki N. Frangou serves as Chairman of the Board of Directors and Chief Executive Officer of Navios Maritime Containers GP LLC at Navios Maritime Containers L.P. Ms. Frangou has been the Chairman and Chief Executive Officer of Navios Maritime Midstream Partners L.P. since October 2014; Navios Maritime Acquisition Corporation since March 14, 2008. Ms. Frangou has been the Chairman and Chief Executive Officer of Navios Maritime Partners L.P. since August 25, 2007 and Navios Maritime Containers Inc (N-OTC: NMCI), an affiliated corporation since April, 2017. She has been the Chairman and Chief Executive Officer of Navios Maritime Holdings Inc. since August 25, 2005. She has been the Chairman and Chief Executive Officer of Navios Partners since August 2007. She serves as the Director at Kleimar NV. She served as the Chairman, Chief Executive Officer and President at International Shipping Enterprises, Inc. (ISE). She served as the Chief Financial Officer and Chief Accounting Officer of Navios Maritime Acquisition Corporation. She served as the President of Navios Maritime Holdings Inc. since October 2001 and served as its Principal Financial Officer and Principal Accounting Officer. Ms. Frangou served as the President of Navios Maritime Acquisition Corporation. She founded Maritime Enterprises Management S.A. and served as its Chief Executive Officer from 1990 to August 2005. From 1990 to October 2001, She served as the Chief Executive Officer of Franser Shipping S.A. She served as an Analyst on the trading floor of Republic National Bank of New York from 1987 to 1989. She has been the Chairman of the board and Director of Navios South American Logistics, Inc. since December 2007. She has been the Chairman of Navios Logistics since its inception in December 2007. She has been the Chairman of IRF European Finance Investments Ltd. since September 15, 2005. Ms. Frangou serves as the Chairman of Compañía Naviera Horamar SA. She served as the Chairman and Director of Proton Bank SA. She has been a Member of ABS Society at American Bureau Of Shipping Inc. since November 2007. She has been a Director of Navios Maritime Acquisition Corporation since March 14, 2008. She has been a Director of Navios Maritime Holdings Inc. since October 2001. She has been a Member of the Board at The Hellenic Mutual War Risks Association (Bermuda) Limited since May 2014. She serves as a Director of Navios Maritime Partners L.P. She serves as a Director of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited. She served as a Director of Marfin Investment Group Holdings S.A. until March 27, 2015. She served as a Director of Eurobank Ergasias S.A. since September 2012 until June 27, 2013. She served as a Director of Emporiki Bank of Greece from April 2004 to July 2005. She serves as Vice Chairman of China Classification Society Mediterranean Committee, a Member of the International General Committee and the Hellenic and Black Sea Committee of Bureau Veritas, as well as a Member of Greek Committee of Nippon Kaiji Kyokai. Since February 2015, Ms. Frangou has been a Member of the Board of the Union of Greek Shipowners. Since October 2015, Ms. Frangou has been a Member of the Board of Trustees of Fairleigh Dickinson University. Since July 2013, she has been a Member of the Board of Visitors at the Columbia University School of Engineering and Applied Science. Ms. Frangou holds a Bachelor's Degree in Mechanical Engineering from Fairleigh Dickinson University (summa cum laude), a Master's Degree in Mechanical Engineering from Columbia University and a Master's Degree in Business Administration in Finance and International Business from New York University.

CEO Compensation
  • Angeliki's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Angeliki's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Navios Maritime Partners management team in years:

11.9
Average Tenure
52
Average Age
  • The average tenure for the Navios Maritime Partners management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Angeliki N. Frangou

TITLE
Chairman & CEO
COMPENSATION
$150K
AGE
54
TENURE
12.2 yrs

Stratos Desypris

TITLE
Chief Financial Officer
AGE
46
TENURE
9.8 yrs

George Achniotis

TITLE
Executive VP of Business Development & Director
AGE
54
TENURE
11.7 yrs

Villy Papaefthymiou

TITLE
Secretary
AGE
50
TENURE
12.2 yrs
Board of Directors Tenure

Average tenure and age of the Navios Maritime Partners board of directors in years:

9.8
Average Tenure
56
Average Age
  • The tenure for the Navios Maritime Partners board of directors is about average.
Board of Directors

Angeliki N. Frangou

TITLE
Chairman & CEO
COMPENSATION
$150K
AGE
54
TENURE
12.2 yrs

George Achniotis

TITLE
Executive VP of Business Development & Director
AGE
54
TENURE
12.2 yrs

Serafeim Kriempardis

TITLE
Independent Director
AGE
71
TENURE
9.8 yrs

Shunji Sasada

TITLE
Director
AGE
61
TENURE
12.2 yrs

Orthodoxia Zisimatou

TITLE
Independent Director
AGE
56
TENURE
2.3 yrs

Kunihide Akizawa

TITLE
Independent Director
AGE
59
TENURE
1.3 yrs

Alexander Kalafatides

TITLE
Director
AGE
55
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Navios Maritime Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Navios Maritime Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

3PXA News

Simply Wall St News

3PXA Company Info

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 dry cargo commodities, including iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters. It operates a fleet of 37 vessels with a carrying capacity of 4.3 million dwt, including 34,000 teu. Navios GP L.L.C. serves as the general partner of Navios Maritime Partners L.P. The company was founded in 2007 and is based in Monaco.

Details
Name: Navios Maritime Partners L.P.
3PXA
Exchange: DB
Founded: 2007
$201,049,347
11,214,234
Website: http://www.navios-mlp.com
Address: Navios Maritime Partners L.P.
7 Avenue de Grande Bretagne,
Office 11B2,
Monaco,
98000,
Monaco
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NMM Common Units New York Stock Exchange US USD 13. Nov 2007
DB 3PXA Common Units Deutsche Boerse AG DE EUR 13. Nov 2007
Number of employees
Current staff
Staff numbers
0
Navios Maritime Partners employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 21:46
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/09
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.