Added to YB: 2024-12-19
Pitch date: 2024-12-17
NMM [bullish]
Navios Maritime Partners L.P.
+18.91%
current return
Author Info
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Company Info
Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia.
Market Cap
$1.6B
Pitch Price
$43.01
Price Target
N/A
Dividend
0.38%
EV/EBITDA
5.51
P/E
5.13
EV/Sales
2.77
Sector
Marine Transportation
Category
value
Show full summary:
'Curse Your Sudden But Inevitable Betrayal' - Navios Maritime Partners Investors Probably: $NMM
NMM: Greek shipping conglomerate at 3.4x P/E, 0.45x P/B. $140 NAV vs $43.78 share price. CEO Frangou owns 16.75%, aligning interests. Deleveraging, then buybacks & dividends planned. 179 ships + 27 newbuilds. $3.9B contract backlog. Risks: past shareholder abuse, complex structure. Upside: sector price squeezes, multiple expansion, buybacks.
Read full article (7 min)