NVGS

Navigator Holdings Ltd. (NVGS) 10Y Growth Potential Analysis (2026)

Invetso Score: 6.4/10 — Balanced · Last Updated: 2026-08-01

Overall Score

Profitability

TTM margins are solid, with gross margin at 38.4%, EBIT margin at 34.1%, and net margin at 22.8%.

Returns are respectable but not elite, with ROIC at 7.0% and ROE at 11.5%.

Growth

No fresh revenue or earnings growth data was provided this month, so the growth view remains anchored to existing operating performance.

The business still shows enough cash generation and profitability to support continued expansion, but there is no new evidence of an acceleration.

Financial Health

Liquidity remains comfortable with a current ratio of 1.71 and quick ratio of 1.62.

Leverage is manageable, with debt-to-equity at 0.75 and net debt to EBITDA at 2.0x.

Interest coverage is adequate at 3.2x, supporting the balance sheet but leaving less cushion than stronger peers.

Shareholder Returns

The company offers a modest dividend yield of 1.3% with a payout ratio of 11.7%.

Free cash flow yield of 10.4% suggests room for capital returns, though the current policy remains conservative.

Valuation

Valuation looks reasonable at 9.5x earnings, 3.1x sales, and 5.8x EV/EBITDA.

Price-to-free-cash-flow of 9.6x and price-to-book of 1.03x also point to a fair entry multiple relative to current profitability.

Sources

  • Company filings (10-K, 10-Q, investor presentations)
  • Financial and market data providers
  • Public news and industry information

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