Navios Maritime Partners LP Unit (NMM) - Net Assets
Based on the latest financial reports, Navios Maritime Partners LP Unit (NMM) has net assets worth $3.23 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.92 Billion) and total liabilities ($2.69 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Navios Maritime Partners LP Unit liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.23 Billion |
| % of Total Assets | 54.61% |
| Annual Growth Rate | 24.4% |
| 5-Year Change | 374.42% |
| 10-Year Change | 324.28% |
| Growth Volatility | 69.17 |
Navios Maritime Partners LP Unit - Net Assets Trend (2005–2024)
This chart illustrates how Navios Maritime Partners LP Unit's net assets have evolved over time, based on quarterly financial data. Also explore Navios Maritime Partners LP Unit asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Navios Maritime Partners LP Unit (2005–2024)
The table below shows the annual net assets of Navios Maritime Partners LP Unit from 2005 to 2024. For live valuation and market cap data, see market value of Navios Maritime Partners LP Unit.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.11 Billion | +12.13% |
| 2023-12-31 | $2.77 Billion | +18.25% |
| 2022-12-31 | $2.34 Billion | +32.39% |
| 2021-12-31 | $1.77 Billion | +170.26% |
| 2020-12-31 | $654.83 Million | -10.05% |
| 2019-12-31 | $728.02 Million | -6.27% |
| 2018-12-31 | $776.75 Million | +1.18% |
| 2017-12-31 | $767.71 Million | +12.86% |
| 2016-12-31 | $680.21 Million | -7.10% |
| 2015-12-31 | $732.22 Million | -2.25% |
| 2014-12-31 | $749.10 Million | +6.03% |
| 2013-12-31 | $706.51 Million | +14.19% |
| 2012-12-31 | $618.69 Million | +10.55% |
| 2011-12-31 | $559.64 Million | +13.86% |
| 2010-12-31 | $491.50 Million | +136.31% |
| 2009-12-31 | $207.99 Million | +170.65% |
| 2008-12-31 | $76.85 Million | +186.89% |
| 2007-12-31 | $26.79 Million | -62.22% |
| 2006-12-31 | $70.90 Million | +44.47% |
| 2005-12-31 | $49.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Navios Maritime Partners LP Unit's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.11 Billion | 100.00% |
| Total Equity | $3.11 Billion | 100.00% |
Navios Maritime Partners LP Unit Competitors by Market Cap
The table below lists competitors of Navios Maritime Partners LP Unit ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pehuenche
SN:PEHUENCHE
|
$1.80 Billion |
|
YGSOFT Inc
SHE:002063
|
$1.80 Billion |
|
Fleury S.A.
SA:FLRY3
|
$1.80 Billion |
|
Outokumpu Oyj
HE:OUT1V
|
$1.80 Billion |
|
Evertec Inc
NYSE:EVTC
|
$1.80 Billion |
|
Bank Ocbc Nisp Tbk
JK:NISP
|
$1.80 Billion |
|
BillerudKorsnas AB
ST:BILL
|
$1.80 Billion |
|
Silicon2 Co. Ltd.
KQ:257720
|
$1.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Navios Maritime Partners LP Unit's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,770,452,000 to 3,106,628,000, a change of 336,176,000 (12.1%).
- Net income of 367,308,000 contributed positively to equity growth.
- Dividend payments of 6,132,000 reduced retained earnings.
- Share repurchases of 25,000,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $367.31 Million | +11.82% |
| Dividends Paid | $6.13 Million | -0.2% |
| Share Repurchases | $25.00 Million | -0.8% |
| Total Change | $- | 12.13% |
Book Value vs Market Value Analysis
This analysis compares Navios Maritime Partners LP Unit's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.71x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.84x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $39.96 | $73.36 | x |
| 2006-12-31 | $57.80 | $73.36 | x |
| 2007-12-31 | $21.73 | $73.36 | x |
| 2008-12-31 | $61.33 | $73.36 | x |
| 2009-12-31 | $181.66 | $73.36 | x |
| 2010-12-31 | $170.66 | $73.36 | x |
| 2011-12-31 | $155.36 | $73.36 | x |
| 2012-12-31 | $159.98 | $73.36 | x |
| 2013-12-31 | $150.87 | $73.36 | x |
| 2014-12-31 | $139.61 | $73.36 | x |
| 2015-12-31 | $126.11 | $73.36 | x |
| 2016-12-31 | $120.38 | $73.36 | x |
| 2017-12-31 | $83.94 | $73.36 | x |
| 2018-12-31 | $71.76 | $73.36 | x |
| 2019-12-31 | $67.22 | $73.36 | x |
| 2020-12-31 | $58.57 | $73.36 | x |
| 2021-12-31 | $78.09 | $73.36 | x |
| 2022-12-31 | $77.62 | $73.36 | x |
| 2023-12-31 | $91.78 | $73.36 | x |
| 2024-12-31 | $103.45 | $73.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Navios Maritime Partners LP Unit utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.53%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.83x
- Recent ROE (11.82%) is below the historical average (12.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 8.37% | 44.52% | 0.08x | 2.42x | $-797.80K |
| 2006 | 9.34% | 21.00% | 0.21x | 2.15x | $-466.20K |
| 2007 | 72.83% | 38.74% | 0.25x | 7.66x | $16.83 Million |
| 2008 | 37.42% | 38.30% | 0.23x | 4.20x | $21.07 Million |
| 2009 | 16.50% | 37.05% | 0.21x | 2.10x | $13.52 Million |
| 2010 | 10.34% | 35.48% | 0.17x | 1.71x | $1.67 Million |
| 2011 | 11.67% | 34.95% | 0.21x | 1.63x | $9.37 Million |
| 2012 | 15.50% | 46.68% | 0.22x | 1.54x | $34.03 Million |
| 2013 | 8.35% | 29.78% | 0.16x | 1.77x | $-11.64 Million |
| 2014 | 9.99% | 32.92% | 0.17x | 1.80x | $-56.80K |
| 2015 | 5.71% | 18.69% | 0.17x | 1.84x | $-31.42 Million |
| 2016 | -7.73% | -27.58% | 0.15x | 1.86x | $-120.57 Million |
| 2017 | -1.97% | -7.13% | 0.16x | 1.70x | $-91.86 Million |
| 2018 | -1.68% | -5.65% | 0.18x | 1.69x | $-90.76 Million |
| 2019 | -8.53% | -28.32% | 0.18x | 1.72x | $-134.94 Million |
| 2020 | -10.47% | -30.22% | 0.19x | 1.84x | $-134.02 Million |
| 2021 | 29.17% | 72.38% | 0.20x | 2.05x | $339.21 Million |
| 2022 | 24.72% | 47.85% | 0.25x | 2.09x | $344.95 Million |
| 2023 | 15.65% | 33.18% | 0.25x | 1.86x | $156.60 Million |
| 2024 | 11.82% | 27.53% | 0.24x | 1.83x | $56.65 Million |
Industry Comparison
This section compares Navios Maritime Partners LP Unit's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $634,604,954
- Average return on equity (ROE) among peers: 5.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Navios Maritime Partners LP Unit (NMM) | $3.23 Billion | 8.37% | 0.83x | $1.80 Billion |
| Ardmore Shpng (ASC) | $232.36 Million | -1.65% | 0.54x | $552.67 Million |
| BW LPG Limited (BWLP) | $1.25 Billion | 19.48% | 0.93x | $2.23 Billion |
| Capital Clean Energy Carriers Corp. (CCEC) | $573.83 Million | -3.58% | 0.86x | $1.19 Billion |
| C3is Inc. (CISS) | $43.89 Million | 1.26% | 0.02x | $1.91 Million |
| Costamare Bulkers Holdings Limited (CMDB) | $781.77 Million | -5.39% | 0.40x | $402.68 Million |
| Costamare Inc (CMRE) | $1.35 Billion | 0.66% | 1.23x | $2.08 Billion |
| Castor Maritime Inc (CTRM) | $13.20 Million | 8.24% | 1.30x | $19.61 Million |
| Danaos Corporation (DAC) | $690.85 Million | -4.77% | 2.88x | $2.12 Billion |
| Diana Shipping Inc. (DSX) | $999.33 Million | 12.16% | 0.32x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $410.43 Million | 26.52% | 1.64x | $1.68 Billion |
About Navios Maritime Partners LP Unit
Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. It offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters. The company f… Read more