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MARKETS / BALCAO / Industrials / Water transportation / NMPGY
BALCAO · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · SMALL CAP

Navios Maritime Holdings Inc. NMPGY

14 fiscal years on record · USD · FY2022 reported · SEC filings only
$255.4M
▲ 14.3% YoY
$87.3M
▼ 25.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Navios Holdings holds a controlling equity stake in Navios South American Logistics Inc., an infrastructure and logistics company in the Hidrovia region of South America, and an interest in Navios Maritime Partners L.P., a U.S. publicly listed shipping company that owns and operates dry cargo and tanker vessels. As of December 31, 2022, Navios Holdings owned 63.8% of Navios Logistics' stock. As of both December 31, 2022 and 2021, Navios Holdings had a 10.3% ownership interest in Navios Partners. Navios Logistics serves its customers in the Hidrovia region through three port storage and transfer facilities: a grain port terminal supporting agricultural and forest-related exports, an iron-ore port terminal supporting mineral-related exports, and a liquid port terminal with tank storage for refined petroleum products. As of December 31, 2021, Navios Logistics employed 412 land-based employees and 577 seafarers as crew on its vessels. Navios Logistics operates a fleet of 271 barges and 30 pushboats in its barge business, and seven vessels, comprising five tankers, one bunker vessel and one river and estuary product tanker, in its cabotage business. Navios Partners' fleet consists of 83 drybulk vessels, 47 containerships and 46 tanker vessels. The Company is a corporation incorporated under the BCA and the laws of the Republic of the Marshall Islands.

Written from the business description in Navios Maritime Holdings Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 28 March 2023. Every sentence was checked against that document before publication.

Growth

USD 255.4M
Revenue, FY2022 · full 14-year series below
Revenue $M Net income $M
FY2022 · Revenue 255.4 · Net income 87.3
250.0M500.0M-150.0M-300.0M
200920122015201820212022
Compound annual growth
−19.1%
−11.2%
−8.4%
−6.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −11.2% a year over the five years to FY2022.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

33 cents
of every revenue dollar became profit
Operating margin Net margin
FY2022 · Operating -23.9% · Net 33.4%
20%40%-50%
200920152022
ROE
FY2022 · ROE 174.1%
50%100%150%-50%-100%
200920152022
Three returns, three denominators.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.
Gross margin70.1%
Operating margin-23.9%
Net margin33.4%
EBITDAUSD -11.3M

Each USD of equity produced 174 cents of profit this year.

Cash & shareholders

USD 5.0M
returned in FY2022 · dividends + net buybacks
Free cash flow $M
FY2018 · FCF 9.2
100.0M200.0M-25.0M-50.0M
200920152022
Net buybacks $M Dividends $M
FY2022 · Dividends 0.0 · Net buybacks 5.0
15M30M-10M-20M
20092011201320152017201920212022
Dividends paidUSD 0.00
Net buybacksUSD 5.0M
Share of profit5.7%
Consecutive raises·

USD 5.0M in buybacks — 6% of the year's profit went back to shareholders.

Total assetsUSD 924.3M
EquityUSD 88.9M
CashUSD 78.5M
Gross debtUSD 674.8M
Net debtUSD 596.2M
Current ratio1.37×

Net debt stands at 671% of equity.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
NMPGY, 14-year financial record
Metric 20222021202020192018201720162015201420132012201120102009
Revenue $B0.30.20.20.50.50.50.40.50.60.50.60.70.70.6
Operating income $B−0.10.0−0.0−0.2−0.3−0.2−0.3−0.1−0.1−0.10.20.00.10.1
EBITDA $B−0.00.10.1−0.1−0.2−0.1◌◌◌◌◌◌◌◌
Income tax $B−0.00.00.00.0−0.0−0.00.0−0.00.0−0.00.0−0.00.0−0.0
Net income $B0.10.1−0.2−0.2−0.3−0.2−0.3−0.1−0.1−0.10.20.00.10.1
Free cash flow $B◌◌◌◌0.00.0−0.00.0−0.1−0.00.20.00.20.2
EPS, diluted $2.506.74−15.35−12.43−23.33−15.02−25.44−1.42−0.65−1.091.580.371.260.66
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %00−0−0−0−0−0−14−45−2318671941
ROE %174.1——−129.9−70.0−27.8−36.4−12.5−5.1−9.615.53.913.8◌
Shares out B0.020.030.020.010.010.120.120.110.110.100.10◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 2 failures · 6 divergences in 54 reconciliationsAUDITED

Reconciled in 6 of the 14 fiscal years we could check. 6 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency2 failures6 divergent
ActivityDeep Sea Foreign Transportation of Freight
Listed onOTC market
Incorporated inoutside the United States — SEC code 1T
Fiscal year endsDecember 31
Data on record since2009

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