Navios Maritime Partners: Hefty Discount To NAV Persists [Seeking Alpha]
Navios Maritime Partners LP Common Units Representing Limited Partner Interests (NMM)
Last navios maritime partners lp common units representing limited partner interests earnings: 2/10 07:34 am
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US:NYSE Investor Relations:
navios-mlp.irwebpage.com
Company Research
Source: Seeking Alpha
SummaryNavios Partners continues to trade at a very small fraction of NAV.Unfortunately, this has been a consistent theme for a very long time, well before the coronavirus outbreak.As of December 2019, the 5 containerships chartered out to HMM are generating an additional ~$6,000 per vessel per day.This equates to a total ~$30,000 per day cash flow boost, equating to ~$11M in annualized terms, enough to almost cover the entire amount Navios Partners currently pays in distributions.Navios Partners can afford to be more aggressive in buybacks given the lucrative cash flow provided by the 5 aforementioned conterships and low debt (Net Debt-to-Capitalization was 36.5% as of December 31, 2019).Surprise! Navios Maritime Partners (NMMYChartsHowever, even before the coronavirus, NMM's unit price was struggling, consistently trading at a substantial discount to NAV. Many attribute this to a "management discount". There is a lot of distrust with the CEO, Ms. Frangou, even though there hasn't be
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News
- Zacks.com featured highlights include KB Home, American Vanguard, Navios Maritime Partners, Signet Jewelers and Portland General Electric [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Navios Maritime Partners (NMM) Stock? [Yahoo! Finance]Yahoo! Finance
- 5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up [Yahoo! Finance]Yahoo! Finance
- Navios Maritime Partners L.P. Announces Availability of Its Form 20-F for the Year Ended December 31, 2023GlobeNewswire
- Recent Price Trend in Navios Maritime Partners (NMM) is Your Friend, Here's Why [Yahoo! Finance]Yahoo! Finance
NMM
Earnings
- 2/13/24 - Beat
NMM
Sec Filings
- 4/3/24 - Form 20-F
- 3/6/24 - Form SC
- 2/13/24 - Form SC
- NMM's page on the SEC website