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LINDBLAD EXPEDITIONS HOLDING (LIND) Stock Fundamental Analysis

NASDAQ:LIND - Nasdaq - US5352191093 - Common Stock - Currency: USD

9.92  +0.8 (+8.77%)

After market: 9.9 -0.02 (-0.2%)

Fundamental Rating

2

Overall LIND gets a fundamental rating of 2 out of 10. We evaluated LIND against 136 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and financial health of LIND have multiple concerns. LIND is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year LIND has reported negative net income.
In the past year LIND had a positive cash flow from operations.
LIND had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: LIND reported negative operating cash flow in multiple years.
LIND Yearly Net Income VS EBIT VS OCF VS FCFLIND Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M

1.2 Ratios

With a Return On Assets value of -4.08%, LIND is not doing good in the industry: 75.74% of the companies in the same industry are doing better.
LIND has a Return On Invested Capital (3.95%) which is in line with its industry peers.
Industry RankSector Rank
ROA -4.08%
ROE N/A
ROIC 3.95%
ROA(3y)-8.28%
ROA(5y)-10.63%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
LIND Yearly ROA, ROE, ROICLIND Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500 -1K -1.5K -2K

1.3 Margins

The Operating Margin of LIND (3.76%) is worse than 66.91% of its industry peers.
LIND's Operating Margin has declined in the last couple of years.
LIND's Gross Margin of 46.69% is in line compared to the rest of the industry. LIND outperforms 47.06% of its industry peers.
In the last couple of years the Gross Margin of LIND has declined.
Industry RankSector Rank
OM 3.76%
PM (TTM) N/A
GM 46.69%
OM growth 3YN/A
OM growth 5Y-17.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y44.85%
GM growth 5Y-1.92%
LIND Yearly Profit, Operating, Gross MarginsLIND Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LIND is destroying value.
LIND has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, LIND has more shares outstanding
LIND has a better debt/assets ratio than last year.
LIND Yearly Shares OutstandingLIND Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
LIND Yearly Total Debt VS Total AssetsLIND Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

LIND has an Altman-Z score of 0.38. This is a bad value and indicates that LIND is not financially healthy and even has some risk of bankruptcy.
LIND has a worse Altman-Z score (0.38) than 80.15% of its industry peers.
LIND has a debt to FCF ratio of 10.63. This is a negative value and a sign of low solvency as LIND would need 10.63 years to pay back of all of its debts.
LIND's Debt to FCF ratio of 10.63 is in line compared to the rest of the industry. LIND outperforms 57.35% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 10.63
Altman-Z 0.38
ROIC/WACC0.42
WACC9.31%
LIND Yearly LT Debt VS Equity VS FCFLIND Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

2.3 Liquidity

LIND has a Current Ratio of 0.71. This is a bad value and indicates that LIND is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.71, LIND is doing worse than 61.76% of the companies in the same industry.
A Quick Ratio of 0.71 indicates that LIND may have some problems paying its short term obligations.
LIND has a Quick ratio (0.71) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.71
Quick Ratio 0.71
LIND Yearly Current Assets VS Current LiabilitesLIND Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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5

3. Growth

3.1 Past

LIND shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 31.91%, which is quite impressive.
Looking at the last year, LIND shows a quite strong growth in Revenue. The Revenue has grown by 13.20% in the last year.
The Revenue has been growing by 13.45% on average over the past years. This is quite good.
EPS 1Y (TTM)31.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20.75%
Revenue 1Y (TTM)13.2%
Revenue growth 3Y63.65%
Revenue growth 5Y13.45%
Sales Q2Q%18.54%

3.2 Future

The Earnings Per Share is expected to grow by 38.16% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 9.05% on average over the next years. This is quite good.
EPS Next Y79.81%
EPS Next 2Y63.63%
EPS Next 3Y38.16%
EPS Next 5YN/A
Revenue Next Year13.18%
Revenue Next 2Y11.65%
Revenue Next 3Y9.05%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
LIND Yearly Revenue VS EstimatesLIND Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
LIND Yearly EPS VS EstimatesLIND Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 -0.5 -1 -1.5 -2

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for LIND. In the last year negative earnings were reported.
Also next year LIND is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
LIND Price Earnings VS Forward Price EarningsLIND Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40 -60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LIND is on the same level as its industry peers.
92.65% of the companies in the same industry are more expensive than LIND, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.2
EV/EBITDA 12.23
LIND Per share dataLIND EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

A more expensive valuation may be justified as LIND's earnings are expected to grow with 38.16% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y63.63%
EPS Next 3Y38.16%

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0

5. Dividend

5.1 Amount

LIND does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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LINDBLAD EXPEDITIONS HOLDING

NASDAQ:LIND (5/6/2025, 8:21:33 PM)

After market: 9.9 -0.02 (-0.2%)

9.92

+0.8 (+8.77%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)05-06 2025-05-06/bmo
Earnings (Next)08-06 2025-08-06/bmo
Inst Owners73.35%
Inst Owner Change1.38%
Ins Owners24.6%
Ins Owner Change2.22%
Market Cap541.53M
Analysts82.22
Price Target15.64 (57.66%)
Short Float %6.09%
Short Ratio6.21
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.92%
Min EPS beat(2)-66.93%
Max EPS beat(2)90.78%
EPS beat(4)1
Avg EPS beat(4)-46.04%
Min EPS beat(4)-117.86%
Max EPS beat(4)90.78%
EPS beat(8)3
Avg EPS beat(8)-15.21%
EPS beat(12)4
Avg EPS beat(12)-13.13%
EPS beat(16)4
Avg EPS beat(16)-12.98%
Revenue beat(2)2
Avg Revenue beat(2)7.48%
Min Revenue beat(2)4.22%
Max Revenue beat(2)10.74%
Revenue beat(4)3
Avg Revenue beat(4)3.48%
Min Revenue beat(4)-1.64%
Max Revenue beat(4)10.74%
Revenue beat(8)6
Avg Revenue beat(8)3.63%
Revenue beat(12)10
Avg Revenue beat(12)9.05%
Revenue beat(16)14
Avg Revenue beat(16)20.59%
PT rev (1m)0%
PT rev (3m)-1.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-739.83%
EPS NY rev (1m)0%
EPS NY rev (3m)-111.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.87%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.84
P/FCF 9.2
P/OCF 5.86
P/B N/A
P/tB N/A
EV/EBITDA 12.23
EPS(TTM)-0.64
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)1.08
FCFY10.86%
OCF(TTM)1.69
OCFY17.05%
SpS11.81
BVpS-3.2
TBVpS-4.58
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -4.08%
ROE N/A
ROCE 5.01%
ROIC 3.95%
ROICexc 6.38%
ROICexgc 8.49%
OM 3.76%
PM (TTM) N/A
GM 46.69%
FCFM 9.13%
ROA(3y)-8.28%
ROA(5y)-10.63%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-5.26%
ROICexc growth 3YN/A
ROICexc growth 5Y-8.47%
OM growth 3YN/A
OM growth 5Y-17.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y44.85%
GM growth 5Y-1.92%
F-Score7
Asset Turnover0.74
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 10.63
Debt/EBITDA 8.14
Cap/Depr 63.77%
Cap/Sales 5.2%
Interest Coverage 0.49
Cash Conversion 120.23%
Profit Quality N/A
Current Ratio 0.71
Quick Ratio 0.71
Altman-Z 0.38
F-Score7
WACC9.31%
ROIC/WACC0.42
Cap/Depr(3y)71.56%
Cap/Depr(5y)188.79%
Cap/Sales(3y)6.51%
Cap/Sales(5y)54.79%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)31.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20.75%
EPS Next Y79.81%
EPS Next 2Y63.63%
EPS Next 3Y38.16%
EPS Next 5YN/A
Revenue 1Y (TTM)13.2%
Revenue growth 3Y63.65%
Revenue growth 5Y13.45%
Sales Q2Q%18.54%
Revenue Next Year13.18%
Revenue Next 2Y11.65%
Revenue Next 3Y9.05%
Revenue Next 5YN/A
EBIT growth 1Y127.61%
EBIT growth 3YN/A
EBIT growth 5Y-6.09%
EBIT Next Year341.04%
EBIT Next 3Y82.38%
EBIT Next 5YN/A
FCF growth 1Y1401.08%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y263.02%
OCF growth 3Y41.64%
OCF growth 5Y8.09%