From Seekingalpha · · 40s
Navios Maritime Partners: Fleet Discount Buy
Navios Maritime Partners offers a 25% upside potential despite newbuild bill risks.
In brief
Navios Maritime Partners offers a 25% upside potential despite newbuild bill risks. Navios Maritime Partners trades at a deep discount to adjusted NAV with $112.95 target, but cyclical risks limit position size. Originally reported by Seekingalpha.
Current Price Analysis
Navios Maritime Partners is a BUY at $88 with moderate position recommendation due to cyclical risks.
Target Price
My base and weighted targets are $112.95 and $109.61 per unit, reflecting ~25% upside potential.
Discount Support
NMM trades at deep discount to adjusted NAV with diversified fleet exposure and strong contracted revenue.
Risk Factors
Downside risk to $65.47 if financing doesn't align with shipyard payments and buybacks aren't funded from surplus cash.
What to remember
Navios Maritime Partners trades at a deep discount to adjusted NAV with $112.95 target, but cyclical risks limit position size.
