Navios Maritime Partners LP (NMM) is undervalued and Zim Integrated Shipping Services Ltd (ZIM) is overvalued.
Against our estimates of intrinsic value, NMM trades at the wider discount: a margin of safety of +80%, against -39% for ZIM.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $21.89; the price of $30.51 is 39% above that value, and 82% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | NMM | ZIM |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $88.11 | $30.51 |
| Intrinsic value | $431.38 | $21.89 |
| Margin of safety | +80% | -39% |
| Leak Score | 68/100 (3/12) | 0/100 (2/12) |
| Market cap | $2.5B | $3.7B |
| Revenue growth, 5 years | 42.8% | 11.6% |
| Operating margin | 34.7% | 5.7% |
| Net margin | 29.6% | 2.1% |
| Return on equity | 13.2% | 3.6% |
| Debt to equity | 0.70 | 1.37 |
| P/E | 5.8x | 26.6x |
| Forward P/E | 4.3x | — |
| P/B | 0.7x | 0.9x |
| Dividend yield | 0.3% | 7.8% |