NORWEGIAN CRUISE LINE HOLDIN (NCLH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NCLH - BMG667211046 - Common Stock
23.8 USD
+1.22 (+5.4%)
23.8195 USD
+0.02 (+0.08%)
Taking everything into account, NCLH scores 3 out of 10 in our fundamental rating. NCLH was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. While NCLH is still in line with the averages on profitability rating, there are concerns on its financial health. NCLH has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year NCLH was profitable.
In the past year NCLH had a positive cash flow from operations.
In multiple years NCLH reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: NCLH reported negative operating cash flow in multiple years.
1.2 Ratios
With a Return On Assets value of 2.99%, NCLH perfoms like the industry average, outperforming 54.14% of the companies in the same industry.
NCLH has a Return On Equity of 30.26%. This is amongst the best in the industry. NCLH outperforms 82.71% of its industry peers.
The Return On Invested Capital of NCLH (7.44%) is better than 61.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.99% | ||
| ROE | 30.26% | ||
| ROIC | 7.44% |
ROA(3y)-2.27%
ROA(5y)-10.54%
ROE(3y)-1056.87%
ROE(5y)-689.6%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NCLH's Profit Margin of 6.85% is fine compared to the rest of the industry. NCLH outperforms 63.91% of its industry peers.
In the last couple of years the Profit Margin of NCLH has declined.
Looking at the Operating Margin, with a value of 16.39%, NCLH is in the better half of the industry, outperforming 72.18% of the companies in the same industry.
NCLH's Operating Margin has declined in the last couple of years.
NCLH's Gross Margin of 41.98% is on the low side compared to the rest of the industry. NCLH is outperformed by 60.15% of its industry peers.
NCLH's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.39% | ||
| PM (TTM) | 6.85% | ||
| GM | 41.98% |
OM growth 3YN/A
OM growth 5Y-3.24%
PM growth 3YN/A
PM growth 5Y-7.78%
GM growth 3YN/A
GM growth 5Y-1.58%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NCLH is destroying value.
NCLH has more shares outstanding than it did 1 year ago.
The number of shares outstanding for NCLH has been increased compared to 5 years ago.
NCLH has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.40, we must say that NCLH is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.40, NCLH is not doing good in the industry: 77.44% of the companies in the same industry are doing better.
NCLH has a Debt/Equity ratio of 6.22. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of NCLH (6.22) is worse than 62.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.4 |
ROIC/WACC0.93
WACC8%
2.3 Liquidity
NCLH has a Current Ratio of 0.19. This is a bad value and indicates that NCLH is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.19, NCLH is doing worse than 92.48% of the companies in the same industry.
NCLH has a Quick Ratio of 0.19. This is a bad value and indicates that NCLH is not financially healthy enough and could expect problems in meeting its short term obligations.
NCLH has a Quick ratio of 0.17. This is amonst the worse of the industry: NCLH underperforms 91.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 48.91% over the past year.
Measured over the past years, NCLH shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.68% on average per year.
NCLH shows a small growth in Revenue. In the last year, the Revenue has grown by 3.59%.
The Revenue has been growing slightly by 7.96% on average over the past years.
EPS 1Y (TTM)48.91%
EPS 3YN/A
EPS 5Y-18.68%
EPS Q2Q%21.21%
Revenue 1Y (TTM)3.59%
Revenue growth 3Y144.57%
Revenue growth 5Y7.96%
Sales Q2Q%4.69%
3.2 Future
The Earnings Per Share is expected to grow by 17.94% on average over the next years. This is quite good.
NCLH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.52% yearly.
EPS Next Y16.87%
EPS Next 2Y21.38%
EPS Next 3Y19.07%
EPS Next 5Y17.94%
Revenue Next Year4.76%
Revenue Next 2Y7.47%
Revenue Next 3Y7.22%
Revenue Next 5Y7.52%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.67 indicates a reasonable valuation of NCLH.
Based on the Price/Earnings ratio, NCLH is valued cheaply inside the industry as 90.23% of the companies are valued more expensively.
NCLH is valuated cheaply when we compare the Price/Earnings ratio to 27.17, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.92, which indicates a very decent valuation of NCLH.
NCLH's Price/Forward Earnings ratio is rather cheap when compared to the industry. NCLH is cheaper than 93.98% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.79. NCLH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.67 | ||
| Fwd PE | 8.92 |
4.2 Price Multiples
NCLH's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NCLH is cheaper than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.39 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NCLH's earnings are expected to grow with 19.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.69
PEG (5Y)N/A
EPS Next 2Y21.38%
EPS Next 3Y19.07%
5. Dividend
5.1 Amount
NCLH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
23.8
+1.22 (+5.4%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners84.59%
Inst Owner Change0%
Ins Owners0.32%
Ins Owner Change0.32%
Market Cap10.84B
Revenue(TTM)9.69B
Net Income(TTM)663.53M
Analysts80.65
Price Target27.91 (17.27%)
Short Float %8.97%
Short Ratio2.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)-0.72%
Min EPS beat(2)-3.06%
Max EPS beat(2)1.63%
EPS beat(4)2
Avg EPS beat(4)29.09%
Min EPS beat(4)-24.41%
Max EPS beat(4)142.19%
EPS beat(8)5
Avg EPS beat(8)17.57%
EPS beat(12)8
Avg EPS beat(12)13.92%
EPS beat(16)9
Avg EPS beat(16)6.97%
Revenue beat(2)0
Avg Revenue beat(2)-3.97%
Min Revenue beat(2)-4.54%
Max Revenue beat(2)-3.4%
Revenue beat(4)0
Avg Revenue beat(4)-3.11%
Min Revenue beat(4)-4.54%
Max Revenue beat(4)-1.75%
Revenue beat(8)0
Avg Revenue beat(8)-2.62%
Revenue beat(12)1
Avg Revenue beat(12)-1.79%
Revenue beat(16)1
Avg Revenue beat(16)-4.78%
PT rev (1m)-2.6%
PT rev (3m)-9.99%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)-12.28%
EPS NY rev (1m)0.01%
EPS NY rev (3m)1.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.67 | ||
| Fwd PE | 8.92 | ||
| P/S | 1.12 | ||
| P/FCF | N/A | ||
| P/OCF | 5.34 | ||
| P/B | 4.94 | ||
| P/tB | 6.96 | ||
| EV/EBITDA | 9.39 |
EPS(TTM)2.04
EY8.57%
EPS(NY)2.67
Fwd EY11.2%
FCF(TTM)-2.27
FCFYN/A
OCF(TTM)4.46
OCFY18.73%
SpS21.29
BVpS4.82
TBVpS3.42
PEG (NY)0.69
PEG (5Y)N/A
Graham Number14.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.99% | ||
| ROE | 30.26% | ||
| ROCE | 9.42% | ||
| ROIC | 7.44% | ||
| ROICexc | 7.52% | ||
| ROICexgc | 7.82% | ||
| OM | 16.39% | ||
| PM (TTM) | 6.85% | ||
| GM | 41.98% | ||
| FCFM | N/A |
ROA(3y)-2.27%
ROA(5y)-10.54%
ROE(3y)-1056.87%
ROE(5y)-689.6%
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
ROICexgc growth 3YN/A
ROICexgc growth 5Y-0.2%
ROICexc growth 3YN/A
ROICexc growth 5Y2.69%
OM growth 3YN/A
OM growth 5Y-3.24%
PM growth 3YN/A
PM growth 5Y-7.78%
GM growth 3YN/A
GM growth 5Y-1.58%
F-Score5
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.22 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.2 | ||
| Cap/Depr | 296.35% | ||
| Cap/Sales | 31.63% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.38% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z | 0.4 |
F-Score5
WACC8%
ROIC/WACC0.93
Cap/Depr(3y)218.66%
Cap/Depr(5y)176.64%
Cap/Sales(3y)27.26%
Cap/Sales(5y)54.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)48.91%
EPS 3YN/A
EPS 5Y-18.68%
EPS Q2Q%21.21%
EPS Next Y16.87%
EPS Next 2Y21.38%
EPS Next 3Y19.07%
EPS Next 5Y17.94%
Revenue 1Y (TTM)3.59%
Revenue growth 3Y144.57%
Revenue growth 5Y7.96%
Sales Q2Q%4.69%
Revenue Next Year4.76%
Revenue Next 2Y7.47%
Revenue Next 3Y7.22%
Revenue Next 5Y7.52%
EBIT growth 1Y15.52%
EBIT growth 3YN/A
EBIT growth 5Y4.47%
EBIT Next Year79.71%
EBIT Next 3Y30.51%
EBIT Next 5Y21.82%
FCF growth 1Y-276.68%
FCF growth 3YN/A
FCF growth 5Y35.24%
OCF growth 1Y2.35%
OCF growth 3YN/A
OCF growth 5Y2.38%
NORWEGIAN CRUISE LINE HOLDIN / NCLH FAQ
What is the ChartMill fundamental rating of NORWEGIAN CRUISE LINE HOLDIN (NCLH) stock?
ChartMill assigns a fundamental rating of 3 / 10 to NCLH.
Can you provide the valuation status for NORWEGIAN CRUISE LINE HOLDIN?
ChartMill assigns a valuation rating of 6 / 10 to NORWEGIAN CRUISE LINE HOLDIN (NCLH). This can be considered as Fairly Valued.
Can you provide the profitability details for NORWEGIAN CRUISE LINE HOLDIN?
NORWEGIAN CRUISE LINE HOLDIN (NCLH) has a profitability rating of 4 / 10.
Can you provide the financial health for NCLH stock?
The financial health rating of NORWEGIAN CRUISE LINE HOLDIN (NCLH) is 0 / 10.