QualityDipStocks / Energy · Coal Mining
Natural Resource Partners LP Limited Partnership NRP
Outside our quality screen, so we don’t track its dips. It’s 9% below its 52-week high.
Outside our quality screen, trading well below our fair value estimate, 5% over its Market Value.
- Fair value est.
- $260.56+128%
- Market Value
- $108.64price +5%
- Off 52-wk high
- −9%
- Risk vs market
- Lowbeta 0.02
52-week range 62% of the way from its 52-week low to its high
Price $114.20Fair value est. $260.56Market Value $108.64
3 bullish · 2 bearish See why
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 7.9% ±2 points. Bear = 10.5% and 5.9%; bull = 8.5% and 9.9% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price is below even the bear case.
Cyclical / peak cash flow — treat with care
What the price implies To be worth today’s price, NRP’s free cash flow would need to shrink about 7% a year for five years; our estimate uses 8%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much NRP moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.6× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.02
- Volatility
- 21% vs 13% SPY
- Correlation SPY
- 0.01
- Correlation QQQ
- −0.01
Valuation details
DCF $260.56 · MV $108.64 · FCF value $228.40
Cyclical / peak cash flow — treat with care
Assumes 7.9% growth for 5 years (revenue grew 7.9% a year FY21–FY24), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $12.52 a share (fiscal year to Dec 31, 2025), from the 10-K filed Feb 27, 2026.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 3 of 5
ValuationOur DCF fair value estimate is $260.56, 128% above the price (cyclical or peak cash flow, so treat with care).
Balance sheetOperating income covers interest 23× over.
ValuationP/E of 14.2×, below the 15.9× median for the 79 Energy companies we cover.
Top bearish points 2 of 5
RiskCyclical business: one strong year of cash flow can make it look cheaper than it is.
ValuationTrades 5.1% above its Market Value of $108.64, the average price paid since the Aug 5 filing.
All fundamentals
P/E 14.2
Valuation
- P/E
- 14.2×Energy median 15.9×
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- n/anot reported in its SEC filings
- Price / book
- n/anot reported in its SEC filings
- Market cap
- $1.5Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- n/anot reported in its SEC filings
- Sales growth, 12 months
- n/ano year-ago 12-month revenue
- Sales growth, 3 yrs
- n/anot reported in its SEC filings
- Diluted EPS, 12 months
- n/anot reported in its SEC filings
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $107M
- Net income growth
- −26%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- n/anot reported in its SEC filings
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- n/anot reported in its SEC filings
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- n/anot reported in its SEC filings
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- 22.5×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- $9M
Trailing 12 months to Jun 30, 2026. From Natural Resource Partners LP Limited Partnership’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.1B · Sales +13%
- Free cash flow, 12 months$0.1B
- Free-cash-flow yield8.0%
- Free-cash-flow margin59%
- Gross margin88%
- Operating margin59%
- Return on invested capital14%
- Return on equity17%
- Sales growth (latest quarter vs year-ago quarter)+13%
- Net debt / EBITDA0.0×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $114.20
- 52-wk lowlowest close, 1 year$96.00−15.9%
- Market Valueavg paid since Aug 5$108.64−4.9%
- PriceMon Nov 2 close$114.20you are here
- 52-wk highhighest close, 1 year$125.41+9.8%
- Fair value est.base case$260.56+128.2%
Momentum & 52-week range
RSI 55 · 5 days −2.1%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 4
- DateWed Nov 4, before the open
- Year-ago EPS$2.28
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
NRP is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Natural Resource Partners LP Limited Partnership in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 5:14 PM ET.
Compare with peers
Closest in size in Coal Mining
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.