Added to YB: 2025-05-29
Pitch date: 2025-05-28
NMM [neutral]
Navios Maritime Partners L.P.
+90.36%
current return
Author Info
No bio for this author
Company Info
Navios Maritime Partners L.P. owns and operates dry cargo and tanker vessels in Asia, Europe, North America, and Australia.
Market Cap
$2.1B
Pitch Price
$39.22
Price Target
N/A
Dividend
0.34%
EV/EBITDA
5.66
P/E
7.32
EV/Sales
3.01
Sector
Marine Transportation
Category
N/A
Navios Maritime (NMM) Shows Financial Resilience with No Defaults and Staggered Debt Maturities
NMM (overview): Shipping co with $2.13B debt (37% LTV), well-structured: 30% fixed (5.5%), 70% floating (7.1%), all secured by vessels. Strong liquidity ($343M cash/credit) easily covers $200M near-term maturities. 4.0x EBITDA/Interest vs 2.0x covenant. $1B+ future obligations for newbuilds through 2028, pre-financed via sale-leasebacks & ECA loans.
Read full article (4 min)