Navigator (NVGS)
Market Price (9/29/2026): $22.905 | Market Cap: $1.4 BilSector: Energy | Industry: Oil & Gas Storage & Transportation
Navigator (NVGS)
Market Price (9/29/2026): $22.905Market Cap: $1.4 BilSector: EnergyIndustry: Oil & Gas Storage & Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 8.7% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% Low stock price volatilityVol 12M is 30% Megatrend and thematic driversMegatrends include Hydrogen Economy, and Energy Transition & Decarbonization. Themes include Hydrogen Infrastructure, and Liquefied Gas Transport for Energy Transition. | Weak multi-year price returns3Y Excs Rtn is -9.0% | Key risksNVGS key risks include [1] a projected decline in earnings and [2] "sequencing risk" from its strategic fleet transformation and newbuild program, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 8.7% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Low stock price volatilityVol 12M is 30% |
| Megatrend and thematic driversMegatrends include Hydrogen Economy, and Energy Transition & Decarbonization. Themes include Hydrogen Infrastructure, and Liquefied Gas Transport for Energy Transition. |
| Weak multi-year price returns3Y Excs Rtn is -9.0% |
| Key risksNVGS key risks include [1] a projected decline in earnings and [2] "sequencing risk" from its strategic fleet transformation and newbuild program, Show more. |
Qualitative Assessment
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Navigator (NVGS) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Navigator Holdings Ltd. reported record-breaking financial results for fiscal Q2 2026 (ended June 2026), significantly surpassing analyst expectations. The company announced earnings per share of $0.85, exceeding the Zacks Consensus Estimate of $0.52 by 63.46%. Additionally, revenues reached $139.64 million, beating the Zacks Consensus Estimate by 7.07%. Net income saw a substantial year-over-year increase of 146% to $53 million, and adjusted EBITDA rose by 43.8% to $86.4 million. These strong results were driven by heightened shipping demand, elevated time charter equivalent rates, and record throughput at its Morgan's Point ethylene export terminal, which processed 374,278 metric tons, up from 268,117 metric tons in the prior-year period.
2. The company announced an enhanced capital return policy, including an increased quarterly dividend and substantial share repurchases. For fiscal Q2 2026, Navigator's Board approved returning 35% of net income to stockholders, comprising a $0.07 per share cash dividend and approximately $14.2 million in share repurchases expected between August 6, 2026, and September 30, 2026. Furthermore, the fixed quarterly cash dividend was raised to $0.08 per share, effective for fiscal Q3 2026 (beginning July 2026).
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Navigator (NVGS) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Navigator Holdings Ltd. reported record-breaking financial results for fiscal Q2 2026 (ended June 2026), significantly surpassing analyst expectations. The company announced earnings per share of $0.85, exceeding the Zacks Consensus Estimate of $0.52 by 63.46%. Additionally, revenues reached $139.64 million, beating the Zacks Consensus Estimate by 7.07%. Net income saw a substantial year-over-year increase of 146% to $53 million, and adjusted EBITDA rose by 43.8% to $86.4 million. These strong results were driven by heightened shipping demand, elevated time charter equivalent rates, and record throughput at its Morgan's Point ethylene export terminal, which processed 374,278 metric tons, up from 268,117 metric tons in the prior-year period.
2. The company announced an enhanced capital return policy, including an increased quarterly dividend and substantial share repurchases. For fiscal Q2 2026, Navigator's Board approved returning 35% of net income to stockholders, comprising a $0.07 per share cash dividend and approximately $14.2 million in share repurchases expected between August 6, 2026, and September 30, 2026. Furthermore, the fixed quarterly cash dividend was raised to $0.08 per share, effective for fiscal Q3 2026 (beginning July 2026).
3. Navigator Holdings initiated a strategic fleet transformation through significant asset sales, aiming to focus on higher-value vessels. In July 2026, the company entered into definitive agreements to sell eight gas carriers and its stake in the Unigas Joint Venture for approximately $183 million. This divestment is intended to enable Navigator to concentrate its fleet on handysize and midsize ethylene-capable vessels, thereby optimizing its operational focus. Proceeds from these sales are earmarked for debt reduction, future investments, or further shareholder returns.
4. The company secured new financing for newbuild ammonia carriers, indicating strategic growth and fleet modernization. On August 3, 2026, Navigator Gas announced the signing of $121.8 million in financing for two newbuild ammonia carriers under the Navigator Amon Joint Venture. This follows an earlier announcement on June 18, 2026, of $205.8 million financing for two other newbuild vessels, which included its first JOLCO Sale Leaseback. These financing agreements underscore Navigator's ongoing investment in modernizing its fleet and expanding its capacity in key segments.
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Stock Movement Drivers
Fundamental Drivers
The 6.0% change in NVGS stock from 5/31/2026 to 9/28/2026 was primarily driven by a 21.0% change in the company's Net Income Margin (%).| (LTM values as of) | 5312026 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.63 | 22.92 | 6.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 576 | 614 | 6.6% |
| Net Income Margin (%) | 18.8% | 22.8% | 21.0% |
| P/E Multiple | 12.9 | 10.1 | -22.1% |
| Shares Outstanding (Mil) | 65 | 62 | 5.4% |
| Cumulative Contribution | 6.0% |
Market Drivers
5/31/2026 to 9/28/2026| Return | Correlation | |
|---|---|---|
| NVGS | 6.0% | |
| Market (SPY) | 1.5% | -10.7% |
| Sector (XLE) | 11.1% | 25.3% |
Fundamental Drivers
The 10.1% change in NVGS stock from 2/28/2026 to 9/28/2026 was primarily driven by a 27.7% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.81 | 22.92 | 10.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 578 | 614 | 6.3% |
| Net Income Margin (%) | 17.9% | 22.8% | 27.7% |
| P/E Multiple | 13.3 | 10.1 | -23.9% |
| Shares Outstanding (Mil) | 66 | 62 | 6.7% |
| Cumulative Contribution | 10.1% |
Market Drivers
2/28/2026 to 9/28/2026| Return | Correlation | |
|---|---|---|
| NVGS | 10.1% | |
| Market (SPY) | 12.2% | 13.3% |
| Sector (XLE) | 12.6% | 15.4% |
Fundamental Drivers
The 44.5% change in NVGS stock from 8/31/2025 to 9/28/2026 was primarily driven by a 46.4% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.87 | 22.92 | 44.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 567 | 614 | 8.4% |
| Net Income Margin (%) | 15.6% | 22.8% | 46.4% |
| P/E Multiple | 12.4 | 10.1 | -18.5% |
| Shares Outstanding (Mil) | 69 | 62 | 11.7% |
| Cumulative Contribution | 44.5% |
Market Drivers
8/31/2025 to 9/28/2026| Return | Correlation | |
|---|---|---|
| NVGS | 44.5% | |
| Market (SPY) | 20.0% | 16.6% |
| Sector (XLE) | 41.7% | 15.2% |
Fundamental Drivers
The 74.0% change in NVGS stock from 8/31/2023 to 9/28/2026 was primarily driven by a 97.8% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.17 | 22.92 | 74.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 501 | 614 | 22.5% |
| Net Income Margin (%) | 11.5% | 22.8% | 97.8% |
| P/E Multiple | 16.8 | 10.1 | -40.0% |
| Shares Outstanding (Mil) | 74 | 62 | 19.7% |
| Cumulative Contribution | 74.0% |
Market Drivers
8/31/2023 to 9/28/2026| Return | Correlation | |
|---|---|---|
| NVGS | 74.0% | |
| Market (SPY) | 76.5% | 30.9% |
| Sector (XLE) | 53.8% | 37.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NVGS Return | -19% | 35% | 23% | 7% | 14% | 34% | 120% |
| Peers Return | 13% | 110% | 171% | -38% | 10% | 135% | 930% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| NVGS Win Rate | 42% | 58% | 67% | 50% | 50% | 56% | |
| Peers Win Rate | 58% | 67% | 83% | 25% | 42% | 78% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| NVGS Max Drawdown | -32% | -32% | -15% | -18% | -36% | -23% | |
| Peers Max Drawdown | -25% | -24% | -16% | -53% | -34% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LPG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/28/2026 (YTD)
How Low Can It Go
| Event | NVGS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.5% | -18.8% |
| % Gain to Breakeven | 48.1% | 23.1% |
| Time to Breakeven | 109 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.8% | -33.7% |
| % Gain to Breakeven | 192.5% | 50.9% |
| Time to Breakeven | 302 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.5% | -19.2% |
| % Gain to Breakeven | 36.0% | 23.8% |
| Time to Breakeven | 321 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -33.7% | -12.2% |
| % Gain to Breakeven | 50.9% | 13.9% |
| Time to Breakeven | 41 days | 62 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -68.4% | -53.4% |
| % Gain to Breakeven | 216.7% | 114.4% |
| Time to Breakeven | 1415 days | 1085 days |
In The Past
Navigator's stock fell -32.5% during the 2025 US Tariff Shock. Such a loss loss requires a 48.1% gain to breakeven.
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Asset Allocation
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| Event | NVGS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.5% | -18.8% |
| % Gain to Breakeven | 48.1% | 23.1% |
| Time to Breakeven | 109 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.8% | -33.7% |
| % Gain to Breakeven | 192.5% | 50.9% |
| Time to Breakeven | 302 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.5% | -19.2% |
| % Gain to Breakeven | 36.0% | 23.8% |
| Time to Breakeven | 321 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -33.7% | -12.2% |
| % Gain to Breakeven | 50.9% | 13.9% |
| Time to Breakeven | 41 days | 62 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -68.4% | -53.4% |
| % Gain to Breakeven | 216.7% | 114.4% |
| Time to Breakeven | 1415 days | 1085 days |
In The Past
Navigator's stock fell -32.5% during the 2025 US Tariff Shock. Such a loss loss requires a 48.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Navigator (NVGS)
Navigator Holdings Ltd. (NVGS) is a London-based shipping company that specializes in the seaborne transportation of various liquefied gases. The company owns and operates a significant fleet of specialized vessels designed to carry liquefied petroleum gas (LPG), petrochemical gases, and ammonia across international and regional routes.
NVGS provides critical transportation services for these commodities, serving a diverse global clientele. Its primary customers include energy companies, industrial users, and commodity traders who rely on Navigator's fleet for the efficient and safe delivery of their products. As of April 2022, Navigator operated a fleet of 53 semi- or fully-refrigerated liquefied gas carriers.
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Here are 1-3 brief analogies for Navigator (NVGS):
- FedEx for liquefied gases.
- Maersk for liquefied petroleum gas (LPG) and ammonia.
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- Liquefied Petroleum Gas (LPG) Transportation: Provides international and regional seaborne transportation services for liquefied petroleum gas using its fleet of carriers.
- Petrochemical Gas Transportation: Offers seaborne transportation services for various petrochemical gases to industrial users and commodity traders.
- Ammonia Transportation: Delivers international and regional seaborne transportation services for ammonia.
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Navigator Holdings Ltd. (NVGS) primarily serves other companies rather than individuals. According to their public filings, no single customer accounts for 10% or more of their operating revenues, meaning they do not have a conventionally defined "major customer" whose name is required to be disclosed.
However, the company broadly categorizes its customer base into the following types:
- Energy companies (including international and state-owned energy companies)
- Petrochemical producers
- Commodity traders
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Mads Peter Zacho, Chief Executive Officer
Mads Peter Zacho is the current Chief Executive Officer of Navigator Holdings.
Gary Chapman, Chief Financial Officer
Gary Chapman serves as the Chief Financial Officer of Navigator Holdings Ltd.
Michael Schroder, Chief Operating Officer
Michael Schroder holds the position of Chief Operating Officer at Navigator Holdings Ltd.
Oeyvind Lindeman, Chief Commercial Officer
Oeyvind Lindeman is the Chief Commercial Officer of Navigator Holdings Ltd.
John Reay, Head of Legal and Communications, General Counsel and Company Secretary
John Reay was appointed as the Company Secretary of Navigator Holdings Ltd. in June 2021 and also serves as General Counsel. Before joining Navigator Gas, Mr. Reay held various in-house legal positions within the maritime industry, including at Teekay Corporation and prominent maritime insurers. He earned an M.A. from the University of St Andrews and a Graduate Diploma in Law from BPP Law School. He was called to the Bar of England and Wales in 2009, working as a barrister before becoming a solicitor in 2016.
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The key risks to Navigator Holdings Ltd. (NVGS) primarily stem from the inherent volatility of the shipping industry and its ongoing strategic fleet transformation.
- Cyclicality and Volatility of Freight Rates: Navigator Holdings' earnings are significantly exposed to the cyclical and often volatile nature of freight rates and spot markets for liquefied gas transportation. Recent strong performance has been attributed to "exceptional" market conditions, which management expects to normalize. This reliance on fluctuating charter rates due to regional price disparities and market disruptions introduces uncertainty regarding future revenue stability.
- Revenue and Earnings Growth Challenges: The company faces a projected decline in earnings, with forecasts suggesting a decrease of approximately 1.3% per year. This forecast decline in profitability is identified as a major risk impacting shareholder returns.
- Sequencing Risk in Fleet Transformation and Debt Levels: Navigator is undertaking a strategic fleet transformation, selling smaller gas carriers to focus on larger, ethylene-capable vessels and engaging in a newbuild program. This introduces "sequencing risk" related to potential construction delays, operating-startup risks, and the possibility of new vessels entering a weaker market. This transformation also interacts with the company's existing debt levels, which are significant, although management is using asset sales proceeds for debt reduction.
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Navigator Holdings Ltd. (NVGS) operates in the seaborne transportation markets for liquefied petroleum gas (LPG), petrochemical gases, and ammonia. The addressable market sizes for these services are outlined below:
-
Liquefied Petroleum Gas (LPG) Shipping: The global LPG tanker market size was valued at approximately USD 221.4 billion in 2025 and is projected to reach USD 353.8 billion by 2034. Regionally, Asia-Pacific holds a significant share of the LPG tanker market, around 38% in 2025, followed by North America with approximately 27-32%, and Europe with over 30% to 34.6%.
-
Petrochemical Gas Shipping: The global petrochemical logistics market, which includes the transportation of petrochemical gases, was valued at approximately USD 62.13 billion in 2025 and is projected to reach USD 76.75 billion by 2032. North America and Europe hold considerable market shares, while Asia Pacific dominated the broader chemical logistics market with a 63.83% share in 2025.
-
Ammonia Shipping: The global ammonia storage and transportation market size was approximately USD 958.17 million in 2024 and is predicted to grow to around USD 1,525.34 million by 2034. The Asia-Pacific region is expected to lead this market, with North America anticipated to be the fastest-growing region.
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Navigator Holdings Ltd. (NVGS) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Sustained High Time Charter Equivalent (TCE) Rates and Fleet Utilization: The company has reported higher charter rates and strong fleet utilization, which are expected to continue. For example, Navigator reported an average TCE of $33,946 per day in Q2 2026, an all-time high, with utilization above 90%. The company also plans to renew time charters at higher rates.
- Expansion and Increased Throughput of the Ethylene Export Terminal: The ongoing expansion of Navigator's ethylene terminal at Morgan's Point, Texas, is a significant revenue driver. The expansion was on track for completion in Q4 2024, and the terminal has achieved record throughput volumes, contributing to the company's financial performance.
- Growth in the Transportation of CO2 and Clean Ammonia: Navigator is actively investing and developing opportunities in the nascent markets for CO2 and clean ammonia transportation. This includes a co-investment in Ten08 Energy to produce ultra-low-carbon ammonia, the BlueStreak CO2 joint venture, a Memorandum of Understanding (MoU) with Uniper for carbon capture and storage efforts, and pending final investment decisions for ammonia bunkering terminals in Norway.
- Strategic Fleet Management and Newbuild Vessels: While engaging in strategic vessel sales, Navigator is also focused on securing financing for newbuild vessels. For example, financing has been secured for six newbuild vessels, which will enhance future carrying capacity and support revenue growth.
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Share Repurchases
- In December 2022, Navigator's Board authorized a share repurchase program of up to $50.0 million. As of March 10, 2023, the company had repurchased and canceled two million common shares for $25.4 million, leaving $24.6 million remaining under the authorization.
- Navigator continued its return of capital in Q3 2024 through share buybacks, which, combined with the fixed dividend, amounted to 25% of net income. The company expected to repurchase $1.1 million of common shares between Q3 2024 and year-end.
- In March 2026, Navigator Holdings announced its intention to purchase 3,500,000 shares from underwriters at the public offering price, funded by cash on hand, as part of a secondary offering by BW Group Limited.
Share Issuance
- Navigator Holdings did not issue any new shares in the secondary offering by BW Group Limited in March 2026, and therefore did not receive any proceeds from that sale.
Outbound Investments
- In December 2022, the Navigator Greater Bay Joint Venture, with Greater Bay Gas Co. Ltd., acquired the *Navigator Luna*, a 17,000 cbm, 2018-built ethylene capable liquefied gas carrier, for $42.25 million.
- During 2023, Navigator made an investment in Azane Fuel Solutions, aimed at developing zero-carbon fuel options for the maritime industry.
- In 2023, the company also invested in the BlueStreak CO2 joint venture, which is designed to provide a process for capturing, transporting, and securely storing CO2 emissions.
Capital Expenditures
- In March 2023, Navigator agreed to a capital project to expand its Ethylene Export Terminal, with total capital contributions expected to be approximately $120-130 million. The expansion aims to increase export capacity, improve efficiency, and reduce emissions.
- The company committed around $5 million in 2023 to invest in technologies focused on maximizing efficiency and minimizing energy consumption across its operations.
- In August 2026, Navigator announced a $121.8 million financing arrangement for two newbuild ammonia carriers within the Navigator Amon joint venture. This facility will fund up to 70% of the total construction cost upon delivery, with the vessels expected in May and September 2028.
Peer Outperformance in Oil & Gas Storage & Transportation
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| NVGS | Navigator | 7.1% | 10.1x | 45.1% | 61.5% | 175.2% | — |
| INSW | International Seaways | 8.0% | 6.9x | 167.4% | 243.5% | 915.5% | +740pp |
| DHT | DHT | 10.5% | 7.4x | 104.3% | 186.0% | 425.6% | +250pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 11 | 99.3% | 110.5% | 358.9% | MPC 603% · PBF 559% · VLO 547% |
| Integrated Oil & Gas | 7 | 33.9% | 52.5% | 223.4% | IMO 339% · SU 311% · CVE 252% |
| Oil & Gas Storage & Transportation ← | 24 | 26.4% | 105.6% | 220.5% | INSW 915% · LPG 853% · TNK 706% |
| Coal & Consumable Fuels | 14 | -12.0% | 25.3% | 95.7% | EU 1104% · CCJ 328% · CNR 295% |
| Oil & Gas Equipment & Services | 35 | 34.0% | 13.4% | 90.0% | SEI 891% · FTI 870% · TDW 585% |
| Oil & Gas Drilling | 8 | 55.4% | -1.0% | 75.1% | BORR 148% · VAL 132% · PDS 100% |
| Oil & Gas Exploration & Production | 51 | 20.0% | 1.1% | 50.7% | KGEI 9792% · OBE 6446% · EP 2002% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Navigator Stock Really Go? | 10/17/2025 | |
| NVGS Dip Buy Analysis | 07/10/2025 | |
| Should You Buy Navigator Stock? | 05/16/2025 | |
| Navigator (NVGS) Valuation Ratios Comparison | 05/15/2025 | |
| Navigator Total Shareholder Return (TSR): 22.5% in 2023 and 0% 3-yr returns (below peer average) | 03/07/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 38.52 |
| Mkt Cap | 1.9 |
| Rev LTM | 600 |
| Op Inc LTM | 233 |
| FCF LTM | 136 |
| FCF 3Y Avg | 168 |
| CFO LTM | 217 |
| CFO 3Y Avg | 225 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 44.7% |
| Rev Chg 3Y Avg | 15.4% |
| Rev Chg Q | 76.3% |
| QoQ Delta Rev Chg LTM | 14.1% |
| Op Inc Chg LTM | 172.5% |
| Op Inc Chg 3Y Avg | 63.0% |
| Op Mgn LTM | 39.2% |
| Op Mgn 3Y Avg | 34.8% |
| QoQ Delta Op Mgn LTM | 6.1% |
| CFO/Rev LTM | 36.2% |
| CFO/Rev 3Y Avg | 42.1% |
| FCF/Rev LTM | 22.7% |
| FCF/Rev 3Y Avg | 31.9% |
Price Behavior
| Market Price | $22.92 | |
| Market Cap ($ Bil) | 1.4 | |
| First Trading Date | 01/09/2007 | |
| Distance from 52W High | -8.5% | |
| 50 Days | 200 Days | |
| DMA Price | $22.17 | $20.48 |
| DMA Trend | up | up |
| Distance from DMA | 3.4% | 11.9% |
| 3M | 1YR | |
| Volatility | 30.4% | 30.1% |
| Downside Capture | -61.66 | 14.12 |
| Upside Capture | 45.61 | 54.68 |
| Correlation (SPY) | -16.6% | 17.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.69 | -0.13 | -0.26 | 0.39 | 0.43 | 0.59 |
| Up Beta | -1.28 | -0.68 | -1.05 | -0.13 | 0.32 | 0.44 |
| Down Beta | -2.47 | -0.39 | -0.17 | 0.88 | 0.74 | 1.05 |
| Up Capture | -18% | 81% | 4% | 39% | 41% | 21% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 27 | 36 | 73 | 135 | 391 |
| Down Capture | -12% | -75% | -8% | 47% | 22% | 65% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 14 | 27 | 52 | 113 | 344 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NVGS | |
|---|---|---|---|---|
| NVGS | 42.1% | 30.1% | 1.17 | - |
| Sector ETF (XLE) | 39.5% | 22.0% | 1.42 | 16.3% |
| Equity (SPY) | 17.4% | 13.0% | 0.96 | 17.0% |
| Gold (GLD) | 9.7% | 29.6% | 0.31 | 9.6% |
| Commodities (DBC) | 42.7% | 20.7% | 1.60 | 9.0% |
| Real Estate (VNQ) | 4.3% | 13.6% | 0.06 | 18.1% |
| Bitcoin (BTCUSD) | -23.0% | 44.8% | -0.46 | 13.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NVGS | |
|---|---|---|---|---|
| NVGS | 24.4% | 35.6% | 0.68 | - |
| Sector ETF (XLE) | 25.5% | 25.6% | 0.87 | 45.7% |
| Equity (SPY) | 13.5% | 17.2% | 0.60 | 28.9% |
| Gold (GLD) | 18.1% | 18.9% | 0.77 | 9.9% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | 29.5% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 20.9% |
| Bitcoin (BTCUSD) | 14.4% | 52.4% | 0.45 | 16.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NVGS | |
|---|---|---|---|---|
| NVGS | 13.2% | 47.2% | 0.43 | - |
| Sector ETF (XLE) | 10.6% | 29.6% | 0.39 | 45.4% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 33.1% |
| Gold (GLD) | 11.7% | 16.4% | 0.58 | 5.8% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 29.5% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 28.0% |
| Bitcoin (BTCUSD) | 63.8% | 66.2% | 1.03 | 11.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 6-K |
| 03/31/2026 | 05/06/2026 | 6-K |
| 12/31/2025 | 03/12/2026 | 20-F |
| 09/30/2025 | 11/04/2025 | 6-K |
| 06/30/2025 | 08/12/2025 | 6-K |
| 03/31/2025 | 05/14/2025 | 6-K |
| 12/31/2024 | 03/25/2025 | 20-F |
| 09/30/2024 | 11/06/2024 | 6-K |
| 06/30/2024 | 08/14/2024 | 6-K |
| 03/31/2024 | 05/15/2024 | 6-K |
| 12/31/2023 | 03/27/2024 | 20-F |
| 09/30/2023 | 11/13/2023 | 6-K |
| 06/30/2023 | 08/16/2023 | 6-K |
| 03/31/2023 | 05/22/2023 | 6-K |
| 12/31/2022 | 04/04/2023 | 20-F |
| 09/30/2022 | 11/15/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 6-K |
| 03/31/2026 | 05/06/2026 | 6-K |
| 12/31/2025 | 03/12/2026 | 20-F |
| 09/30/2025 | 11/04/2025 | 6-K |
| 06/30/2025 | 08/12/2025 | 6-K |
| 03/31/2025 | 05/14/2025 | 6-K |
| 12/31/2024 | 03/25/2025 | 20-F |
| 09/30/2024 | 11/06/2024 | 6-K |
| 06/30/2024 | 08/14/2024 | 6-K |
| 03/31/2024 | 05/15/2024 | 6-K |
| 12/31/2023 | 03/27/2024 | 20-F |
| 09/30/2023 | 11/13/2023 | 6-K |
| 06/30/2023 | 08/16/2023 | 6-K |
| 03/31/2023 | 05/22/2023 | 6-K |
| 12/31/2022 | 04/04/2023 | 20-F |
| 09/30/2022 | 11/15/2022 | 6-K |
| 06/30/2022 | 08/18/2022 | 6-K |
| 03/31/2022 | 06/21/2022 | 6-K |
| 12/31/2021 | 04/28/2022 | 20-F |
| 09/30/2021 | 11/29/2021 | 6-K |
| 06/30/2021 | 11/30/2021 | 6-K |
| 03/31/2021 | 08/03/2021 | 6-K |
| 12/31/2020 | 05/17/2021 | 20-F |
| 09/30/2020 | 12/18/2020 | 6-K |
| 06/30/2020 | 10/21/2020 | 6-K |
| 03/31/2020 | 06/25/2020 | 6-K |
| 12/31/2019 | 05/11/2020 | 20-F |
| 09/30/2019 | 11/13/2019 | 6-K |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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