Danaos Corp (DAC) is undervalued and Navios Maritime Partners LP (NMM) is undervalued.
Against our estimates of intrinsic value, NMM trades at the wider discount: a margin of safety of +80%, against +76% for DAC.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $656.04; the price of $156.00 is 76% below that value, and 79% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 7.8% (average of 3 methods) values the shares at $431.38; the price of $88.11 is 80% below that value, and 82% of that value comes from beyond year five.
Leak Score 68/100 on 3 of 12 signals
| Metric | DAC | NMM |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $156.00 | $88.11 |
| Intrinsic value | $656.04 | $431.38 |
| Margin of safety | +76% | +80% |
| Leak Score | 100/100 (3/12) | 68/100 (3/12) |
| Market cap | $2.8B | $2.5B |
| Revenue growth, 5 years | 17.7% | 42.8% |
| Operating margin | 48.4% | 34.7% |
| Net margin | 51.3% | 29.6% |
| Return on equity | 14.1% | 13.2% |
| Debt to equity | 0.30 | 0.70 |
| P/E | 5.3x | 5.8x |
| Forward P/E | 5.7x | 4.3x |
| P/B | 0.7x | 0.7x |
| Dividend yield | 2.3% | 0.3% |