Discounted Cash Flow

Navios Maritime Partners L.P. LP Foreign

NMM · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $190.5m $-52.5m $41.2m -27.6%
2017 $211.7m (11.1%) $-15.1m (71.3%) $-104.3m (-353.3%) -7.1% (74.2%)
2018 $231.4m (9.3%) $-13.1m (13.3%) $-47.6m (54.4%) -5.7% (20.7%)
2019 $219.4m (-5.2%) $-62.1m (-375.0%) $49.2m (203.5%) -28.3% (-400.9%)
2020 $226.8m (3.4%) $-68.5m (-10.3%) $21.7m (-56.0%) -30.2% (-6.7%)
2021 $713.2m (214.5%) $516.2m (853.1%) $60.1m (177.5%) 72.4% (339.5%)
2022 $1.2b (69.7%) $579.2m (12.2%) $72.6m (20.7%) 47.9% (-33.9%)
2023 $1.3b (8.0%) $433.6m (-25.1%) $377.4m (420.1%) 33.2% (-30.7%)
2024 $1.3b (2.1%) $367.3m (-15.3%) $-523.7m (-238.7%) 27.5% (-17.0%)
2025 $1.3b (0.8%) $285.3m (-22.3%) $-36.0m (93.1%) 21.2% (-22.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model