Comparing Navios Maritime Midstream (NAP) and Its Competitors

Navios Maritime Midstream (NYSE: NAP) is one of 44 publicly-traded companies in the “Deep sea foreign transportation of freight” industry, but how does it contrast to its peers? We will compare Navios Maritime Midstream to similar businesses based on the strength of its dividends, earnings, valuation, profitability, analyst recommendations, risk and institutional ownership.

Institutional & Insider Ownership

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9.3% of Navios Maritime Midstream shares are owned by institutional investors. Comparatively, 44.8% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 23.8% of shares of all “Deep sea foreign transportation of freight” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Dividends

Navios Maritime Midstream pays an annual dividend of $1.69 per share and has a dividend yield of 44.2%. Navios Maritime Midstream pays out 241.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Deep sea foreign transportation of freight” companies pay a dividend yield of 6.9% and pay out 409.4% of their earnings in the form of a dividend. Navios Maritime Midstream is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.

Earnings and Valuation

This table compares Navios Maritime Midstream and its peers top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Navios Maritime Midstream $83.05 million $14.63 million 5.46
Navios Maritime Midstream Competitors $321.06 million -$35.04 million -7.07

Navios Maritime Midstream’s peers have higher revenue, but lower earnings than Navios Maritime Midstream. Navios Maritime Midstream is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Volatility and Risk

Navios Maritime Midstream has a beta of 1.21, suggesting that its stock price is 21% more volatile than the S&P 500. Comparatively, Navios Maritime Midstream’s peers have a beta of 1.26, suggesting that their average stock price is 26% more volatile than the S&P 500.

Profitability

This table compares Navios Maritime Midstream and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Navios Maritime Midstream 14.73% 4.64% 2.63%
Navios Maritime Midstream Competitors -19.96% -4.22% -1.10%

Analyst Ratings

This is a breakdown of current ratings and target prices for Navios Maritime Midstream and its peers, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Navios Maritime Midstream 2 1 0 0 1.33
Navios Maritime Midstream Competitors 336 886 1010 10 2.31

Navios Maritime Midstream presently has a consensus target price of $7.17, indicating a potential upside of 87.61%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 32.46%. Given Navios Maritime Midstream’s higher probable upside, analysts plainly believe Navios Maritime Midstream is more favorable than its peers.

Summary

Navios Maritime Midstream beats its peers on 8 of the 15 factors compared.

About Navios Maritime Midstream

Navios Maritime Midstream Partners L.P. owns, operates, and acquires crude oil tankers, refined petroleum product tankers, chemical tankers, and liquefied petroleum gas tankers. The company provides seaborne shipping services through its vessels under long-term employment contracts to international oil companies, refiners, and large vessel operators. As of December 31, 2017, it owned six very large crude carrier vessels. Navios Maritime Midstream Partners GP LLC operates as the general partner of the company. Navios Maritime Midstream Partners L.P. was founded in 2014 and is based in Monaco. Navios Maritime Midstream Partners L.P. is a subsidiary of Navios Maritime Acquisition Corporation.

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