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v0.1
NRP$106.98+2.93%
Fair $106.98+0.0%

NRP

Natural Resource Partners L.P.

Energy / Thermal CoalNYSE

$106.98

+3.05 (+2.93%)

Fairly Valued+0.0%Fair Value $106.98Fund rank 38/100 · Data gapFallback financials|
SA 37/D
F-Score: 4/9
Declining RevenueMargin Compression

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $248.5M · quality 82.7/100

Data gap 38/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 79/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

37/100

D

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

20/100

SEC 0%

Latest source: unknownPeriods: 18Warnings: 2unknown: 18
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Revenue has declined for 3 consecutive years Operating margin has declined for 4 consecutive years
Thesis & Journal · NRPLocal privado en este navegador · Natural Resource Partners L.P.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$1.4B

P/E

12.6x

↓

EV/EBITDA

9.0x

↑

ROE

21.6%

↑

Gross Margin

N/A

•

Debt/Equity

0.05

↓
52-Week Range$107
$92$129

TradingView lightweight chart

NRP price, volumen y niveles de valoración

Último $103.93Periodo +7.1%
Fair value: $106.98

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2008–2025 · 17 años de histórico normalizado

Revenue CAGR

-2.1%

FCF CAGR

-1.6%

FCF margin

82.0%

FCF / Net income

1.22x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $202.3M · net income $136.4M · FCF $165.9M

2008-FY → 2025-FY

Gross margin

—— pts

Operating margin

68.9%+1.4% pts

Net margin

67.4%+9.1% pts

FCF margin

82.0%+6.8% pts
MetricTTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Income Statement
Revenue$202.3M$202.3M$245.0M$293.7M$328.1M$185.2M$120.2M$210.3M$202.8M$374.2M$371.0M$432.7M$349.5M$358.1M$379.1M$377.7M$301.4M$256.1M$291.7M
Net Income$136.4M$136.4M$183.6M$278.4M$268.5M$108.9M$-84.8M$-24.5M$139.5M$88.7M$96.9M$-571.7M$108.8M$172.1M$213.4M$54.0M$154.5M$114.1M$170.0M
EBITDA$159.3M$159.3M$214.7M$311.0M$317.3M$166.9M$-34.7M$66.3M$214.2M$200.0M$228.8M$-113.1M$234.7M$300.6M$325.4M$169.3M$253.0M$214.0M$261.3M
EPS10.0410.0411.3513.0813.39——————————————
Gross Margin———93.7%93.1%——————————————
Operating Margin68.9%68.9%72.0%73.8%75.8%79.8%-36.5%24.4%95.0%47.2%50.1%-39.4%50.4%66.0%70.5%27.6%65.0%60.1%67.5%
Net Margin67.4%67.4%74.9%94.8%81.8%58.8%-70.6%-11.6%68.8%23.7%26.1%-132.1%31.1%48.1%56.3%14.3%51.2%44.5%58.3%
Balance Sheet
Debt/Equity0.050.050.260.270.26——————————————
Current Ratio2.092.09—————————————————
Cash Flow
Free Cash Flow$165.9M$165.9M$248.5M$311.0M$266.7M$121.8M$89.3M——$119.8M$102.6M$193.8M$208.3M$247.1M$270.7M$305.2M$252.7M$209.5M$219.4M
Returns
ROE21.6%21.6%33.3%48.2%41.8%——————————————
Valuation
P/E12.5712.579.787.503.83——————————————
EV/EBITDA8.968.967.435.542.42——————————————
P/B2.252.252.692.731.00——————————————
Growth & Yield
Revenue Growth-17.4%-17.4%-16.6%-10.5%—54.1%-42.9%3.7%-45.8%0.9%-14.3%23.8%-2.4%-5.5%0.4%25.3%17.7%-12.2%—
EPS Growth-11.5%-11.5%-13.2%-2.3%———————————————
Dividend Yield2.9%2.9%—————————————————

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-1.9%

fácil

EPS terminal req.

$9.49

Spread vs growth

-9.7%

5Y implied EPS CAGR

2.7%

fácil

EPS terminal req.

$11.49

Spread vs growth

-14.3%

10Y implied EPS CAGR

6.3%

razonable

EPS terminal req.

$18.50

Spread vs growth

-17.8%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +12.1%

Total return

+12.1%

Start / end P/E

8.6x → 10.7x

EPS bridge

11.35 → 10.04

Residual

-2.7%

EPS growth-11.5%
Multiple rerating+23.4%
Dividend+2.9%
Residual / FX / buybacks / cross-term-2.7%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.