Navigator Holdings Ltd. Ordinary Shares (Marshall Islands) (NVGS)

FairStock Score: 43/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start with the business: Navigator owns 57 semi- or fully-refrigerated liquefied gas carriers and moves petrochemical gases, LPGs, and ammonia for energy and industrial customers. Shipping is cyclical and capital-intensive, so I look for survival and price. The latest quarter—fiscal Q2 2026—showed $167.9M revenue and $53.0M net income, a 31.55% margin, which is a strong current result. The supplied company data lists revenue growth of 29.55% and profit growth of 146.98%. But I do not confuse a boom with a moat. The fleet and specialized gas-handling capability create some barriers, yet rates are set by global supply and demand and the company has only a modest 1.12% dividend yield. Financial health is mixed. Debt-to-equity is 0.73, Altman Z-Score is only 1.27 (FairStock calculation), and ROCE is 4.24%, lower than I like. On the other hand, ROE is 11.73%, Piotroski F-Score is 9/9, and trailing free cash flow is $122.8M, a 9.0% FCF yield. At the 2026-10-13 close of $23.75, FairStock’s P/E is 11.00 and P/B is 1.18; its Graham Number is $31.29, leaving a 24.10% margin of safety. EV/EBITDA is 6.23 and PEG is 0.07, both suggesting the market is not paying much for current profits. FairStock’s Lynch category is “none” because only 0 years of filed results are available, and it needs 3. Overall, this is a cheap-looking, cyclical asset play with strong recent cash generation but real balance-sheet and rate-cycle risks.

In plain English: Navigator Holdings owns and operates ships that carry liquefied gas, such as petrochemical gases, liquefied petroleum gas, and ammonia, around the world. The business looks strong right now: in fiscal Q2 2026 it earned $53.0 million on $167.9 million of revenue, and it produces more cash than it spends. Based on the supplied numbers, the shares at the 2026-10-13 close look reasonably priced to somewhat cheap compared with earnings and asset value, though the company uses meaningful debt.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer