NATURAL RESOURCE PARTNERS LP (NRP) Fundamental Analysis & Valuation

NYSE:NRP • US63900P6088

Current stock price

124.5 USD
-0.56 (-0.45%)
Last:

This NRP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. NRP Profitability Analysis

1.1 Basic Checks

  • NRP had positive earnings in the past year.
  • In the past year NRP had a positive cash flow from operations.
  • Each year in the past 5 years NRP has been profitable.
  • In the past 5 years NRP always reported a positive cash flow from operatings.
NRP Yearly Net Income VS EBIT VS OCF VS FCFNRP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

1.2 Ratios

  • NRP has a Return On Assets of 17.86%. This is amongst the best in the industry. NRP outperforms 95.22% of its industry peers.
  • NRP has a Return On Equity of 21.13%. This is amongst the best in the industry. NRP outperforms 87.08% of its industry peers.
  • NRP's Return On Invested Capital of 15.74% is amongst the best of the industry. NRP outperforms 93.78% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NRP is in line with the industry average of 23.03%.
  • The last Return On Invested Capital (15.74%) for NRP is well below the 3 year average (22.37%), which needs to be investigated, but indicates that NRP had better years and this may not be a problem.
Industry RankSector Rank
ROA 17.86%
ROE 21.13%
ROIC 15.74%
ROA(3y)20.72%
ROA(5y)19.35%
ROE(3y)27.57%
ROE(5y)27.26%
ROIC(3y)22.37%
ROIC(5y)22.1%
NRP Yearly ROA, ROE, ROICNRP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

1.3 Margins

  • Looking at the Profit Margin, with a value of 65.06%, NRP belongs to the top of the industry, outperforming 95.69% of the companies in the same industry.
  • NRP's Profit Margin has improved in the last couple of years.
  • The Operating Margin of NRP (69.37%) is better than 96.65% of its industry peers.
  • In the last couple of years the Operating Margin of NRP has remained more or less at the same level.
Industry RankSector Rank
OM 69.37%
PM (TTM) 65.06%
GM N/A
OM growth 3Y-4.46%
OM growth 5Y1.18%
PM growth 3Y2.6%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NRP Yearly Profit, Operating, Gross MarginsNRP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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6

2. NRP Health Analysis

2.1 Basic Checks

  • NRP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, NRP has more shares outstanding
  • Compared to 5 years ago, NRP has more shares outstanding
  • NRP has a better debt/assets ratio than last year.
NRP Yearly Shares OutstandingNRP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M 10M
NRP Yearly Total Debt VS Total AssetsNRP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

2.2 Solvency

  • NRP has a debt to FCF ratio of 0.20. This is a very positive value and a sign of high solvency as it would only need 0.20 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.20, NRP belongs to the top of the industry, outperforming 89.95% of the companies in the same industry.
  • NRP has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
  • NRP has a Debt to Equity ratio of 0.03. This is amongst the best in the industry. NRP outperforms 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.2
Altman-Z N/A
ROIC/WACC1.75
WACC8.99%
NRP Yearly LT Debt VS Equity VS FCFNRP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.85 indicates that NRP should not have too much problems paying its short term obligations.
  • The Current ratio of NRP (1.85) is better than 72.73% of its industry peers.
  • NRP has a Quick Ratio of 1.85. This is a normal value and indicates that NRP is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of NRP (1.85) is better than 75.12% of its industry peers.
Industry RankSector Rank
Current Ratio 1.85
Quick Ratio 1.85
NRP Yearly Current Assets VS Current LiabilitesNRP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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1

3. NRP Growth Analysis

3.1 Past

  • NRP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.91%.
  • NRP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.40% yearly.
  • NRP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -21.95%.
  • The Revenue has been growing by 8.01% on average over the past years. This is quite good.
EPS 1Y (TTM)-10.91%
EPS 3Y-5.4%
EPS 5YN/A
EPS Q2Q%-27.94%
Revenue 1Y (TTM)-21.95%
Revenue growth 3Y-19.1%
Revenue growth 5Y8.01%
Sales Q2Q%-28.94%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NRP Yearly Revenue VS EstimatesNRP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
NRP Yearly EPS VS EstimatesNRP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2023 2024 2025 0 5 -5 10

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4

4. NRP Valuation Analysis

4.1 Price/Earnings Ratio

  • NRP is valuated correctly with a Price/Earnings ratio of 12.40.
  • NRP's Price/Earnings ratio is a bit cheaper when compared to the industry. NRP is cheaper than 79.43% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of NRP to the average of the S&P500 Index (24.89), we can say NRP is valued rather cheaply.
Industry RankSector Rank
PE 12.4
Fwd PE N/A
NRP Price Earnings VS Forward Price EarningsNRP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NRP is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, NRP is valued cheaply inside the industry as 87.08% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.86
EV/EBITDA 10.41
NRP Per share dataNRP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The excellent profitability rating of NRP may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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5

5. NRP Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.40%, NRP has a reasonable but not impressive dividend return.
  • NRP's Dividend Yield is comparable with the industry average which is at 3.20.
  • Compared to an average S&P500 Dividend Yield of 1.89, NRP pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.4%

5.2 History

  • The dividend of NRP has a limited annual growth rate of 4.13%.
  • NRP has paid a dividend for at least 10 years, which is a reliable track record.
  • NRP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.13%
Div Incr Years4
Div Non Decr Years4
NRP Yearly Dividends per shareNRP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • NRP pays out 42.23% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP42.23%
EPS Next 2YN/A
EPS Next 3YN/A
NRP Yearly Income VS Free CF VS DividendNRP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M
NRP Dividend Payout.NRP Dividend Payout, showing the Payout Ratio.NRP Dividend Payout.PayoutRetained Earnings

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NRP Fundamentals: All Metrics, Ratios and Statistics

NATURAL RESOURCE PARTNERS LP

NYSE:NRP (3/27/2026, 8:04:00 PM)

124.5

-0.56 (-0.45%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-27
Earnings (Next)05-04
Inst Owners37.42%
Inst Owner Change7.43%
Ins Owners2.92%
Ins Owner Change1.88%
Market Cap1.64B
Revenue(TTM)205.40M
Net Income(TTM)133.64M
Analysts80
Price TargetN/A
Short Float %2.87%
Short Ratio6.35
Dividend
Industry RankSector Rank
Dividend Yield 2.4%
Yearly Dividend4.31
Dividend Growth(5Y)4.13%
DP42.23%
Div Incr Years4
Div Non Decr Years4
Ex-Date03-10
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 12.4
Fwd PE N/A
P/S 7.96
P/FCF 9.86
P/OCF 9.86
P/B 2.59
P/tB 2.64
EV/EBITDA 10.41
EPS(TTM)10.04
EY8.06%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)12.62
FCFY10.14%
OCF(TTM)12.62
OCFY10.14%
SpS15.63
BVpS48.14
TBVpS47.23
PEG (NY)N/A
PEG (5Y)N/A
Graham Number104.28
Profitability
Industry RankSector Rank
ROA 17.86%
ROE 21.13%
ROCE 19.92%
ROIC 15.74%
ROICexc 16.43%
ROICexgc 16.72%
OM 69.37%
PM (TTM) 65.06%
GM N/A
FCFM 80.75%
ROA(3y)20.72%
ROA(5y)19.35%
ROE(3y)27.57%
ROE(5y)27.26%
ROIC(3y)22.37%
ROIC(5y)22.1%
ROICexc(3y)23.06%
ROICexc(5y)23.31%
ROICexgc(3y)23.49%
ROICexgc(5y)23.75%
ROCE(3y)28.31%
ROCE(5y)27.98%
ROICexgc growth 3Y-19.42%
ROICexgc growth 5Y11.47%
ROICexc growth 3Y-19.37%
ROICexc growth 5Y11.59%
OM growth 3Y-4.46%
OM growth 5Y1.18%
PM growth 3Y2.6%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.2
Debt/EBITDA 0.12
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage 17.76
Cash Conversion 105.35%
Profit Quality 124.11%
Current Ratio 1.85
Quick Ratio 1.85
Altman-Z N/A
F-Score5
WACC8.99%
ROIC/WACC1.75
Cap/Depr(3y)0.02%
Cap/Depr(5y)0.1%
Cap/Sales(3y)0%
Cap/Sales(5y)0.01%
Profit Quality(3y)148.61%
Profit Quality(5y)144.17%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.91%
EPS 3Y-5.4%
EPS 5YN/A
EPS Q2Q%-27.94%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-21.95%
Revenue growth 3Y-19.1%
Revenue growth 5Y8.01%
Sales Q2Q%-28.94%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-26.72%
EBIT growth 3Y-22.71%
EBIT growth 5Y9.29%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-33.25%
FCF growth 3Y-14.64%
FCF growth 5Y13.18%
OCF growth 1Y-33.25%
OCF growth 3Y-14.65%
OCF growth 5Y13.18%

NATURAL RESOURCE PARTNERS LP / NRP Fundamental Analysis FAQ

What is the ChartMill fundamental rating of NATURAL RESOURCE PARTNERS LP (NRP) stock?

ChartMill assigns a fundamental rating of 5 / 10 to NRP.


What is the valuation status for NRP stock?

ChartMill assigns a valuation rating of 4 / 10 to NATURAL RESOURCE PARTNERS LP (NRP). This can be considered as Fairly Valued.


What is the profitability of NRP stock?

NATURAL RESOURCE PARTNERS LP (NRP) has a profitability rating of 8 / 10.


What are the PE and PB ratios of NATURAL RESOURCE PARTNERS LP (NRP) stock?

The Price/Earnings (PE) ratio for NATURAL RESOURCE PARTNERS LP (NRP) is 12.4 and the Price/Book (PB) ratio is 2.59.


Can you provide the dividend sustainability for NRP stock?

The dividend rating of NATURAL RESOURCE PARTNERS LP (NRP) is 5 / 10 and the dividend payout ratio is 42.23%.