NORWEGIAN CRUISE LINE HOLDIN (NCLH) Stock Fundamental Analysis
NYSE:NCLH - New York Stock Exchange, Inc. - BMG667211046 - Common Stock - Currency: USD
NCLH gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 132 industry peers in the Hotels, Restaurants & Leisure industry. NCLH has a medium profitability rating, but doesn't score so well on its financial health evaluation. NCLH has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
NCLH had positive earnings in the past year.
NCLH had a positive operating cash flow in the past year.
In multiple years NCLH reported negative net income over the last 5 years.
In multiple years NCLH reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of NCLH (3.99%) is better than 62.12% of its industry peers.
Looking at the Return On Equity, with a value of 60.19%, NCLH belongs to the top of the industry, outperforming 96.21% of the companies in the same industry.
NCLH has a better Return On Invested Capital (7.50%) than 62.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.99% | ||
| ROE | 60.19% | ||
| ROIC | 7.5% |
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
The Profit Margin of NCLH (9.05%) is better than 69.70% of its industry peers.
In the last couple of years the Profit Margin of NCLH has declined.
The Operating Margin of NCLH (15.38%) is better than 68.18% of its industry peers.
In the last couple of years the Operating Margin of NCLH has declined.
NCLH's Gross Margin of 40.47% is on the low side compared to the rest of the industry. NCLH is outperformed by 62.12% of its industry peers.
NCLH's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.38% | ||
| PM (TTM) | 9.05% | ||
| GM | 40.47% |
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
NCLH has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
NCLH has more shares outstanding than it did 1 year ago.
NCLH has more shares outstanding than it did 5 years ago.
NCLH has a better debt/assets ratio than last year.
2.2 Solvency
NCLH has an Altman-Z score of 0.30. This is a bad value and indicates that NCLH is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NCLH (0.30) is worse than 81.82% of its industry peers.
A Debt/Equity ratio of 9.09 is on the high side and indicates that NCLH has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 9.09, NCLH is doing worse than 65.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.09 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.3 |
ROIC/WACC0.86
WACC8.73%
2.3 Liquidity
A Current Ratio of 0.19 indicates that NCLH may have some problems paying its short term obligations.
With a Current ratio value of 0.19, NCLH is not doing good in the industry: 96.97% of the companies in the same industry are doing better.
A Quick Ratio of 0.16 indicates that NCLH may have some problems paying its short term obligations.
NCLH's Quick ratio of 0.16 is on the low side compared to the rest of the industry. NCLH is outperformed by 96.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.16 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 65.38% over the past year.
NCLH shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -18.68% yearly.
NCLH shows a small growth in Revenue. In the last year, the Revenue has grown by 5.57%.
Measured over the past years, NCLH shows a small growth in Revenue. The Revenue has been growing by 7.96% on average per year.
EPS 1Y (TTM)65.38%
EPS 3YN/A
EPS 5Y-18.68%
EPS Q2Q%-56.25%
Revenue 1Y (TTM)5.57%
Revenue growth 3Y144.57%
Revenue growth 5Y7.96%
Sales Q2Q%-2.91%
3.2 Future
Based on estimates for the next years, NCLH will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.70% on average per year.
NCLH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.40% yearly.
EPS Next Y14.24%
EPS Next 2Y17.86%
EPS Next 3Y17.62%
EPS Next 5Y19.7%
Revenue Next Year6.51%
Revenue Next 2Y8.16%
Revenue Next 3Y8.21%
Revenue Next 5Y8.4%
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
NCLH is valuated correctly with a Price/Earnings ratio of 13.15.
Based on the Price/Earnings ratio, NCLH is valued cheaply inside the industry as 87.12% of the companies are valued more expensively.
NCLH's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
Based on the Price/Forward Earnings ratio of 9.00, the valuation of NCLH can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NCLH indicates a rather cheap valuation: NCLH is cheaper than 90.91% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 35.19. NCLH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.15 | ||
| Fwd PE | 9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NCLH is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.85 |
4.3 Compensation for Growth
NCLH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as NCLH's earnings are expected to grow with 17.62% in the coming years.
PEG (NY)0.92
PEG (5Y)N/A
EPS Next 2Y17.86%
EPS Next 3Y17.62%
5. Dividend
5.1 Amount
No dividends for NCLH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
22.62
-0.53 (-2.29%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners80.24%
Inst Owner Change0%
Ins Owners0.35%
Ins Owner Change1.31%
Market Cap10.11B
Analysts80
Price Target24.98 (10.43%)
Short Float %6.28%
Short Ratio1.82
Dividend
| Industry Rank | Sector 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)58.89%
Min EPS beat(2)-24.41%
Max EPS beat(2)142.19%
EPS beat(4)3
Avg EPS beat(4)33.38%
Min EPS beat(4)-24.41%
Max EPS beat(4)142.19%
EPS beat(8)6
Avg EPS beat(8)20.04%
EPS beat(12)8
Avg EPS beat(12)12.42%
EPS beat(16)9
Avg EPS beat(16)7.19%
Revenue beat(2)0
Avg Revenue beat(2)-2.26%
Min Revenue beat(2)-2.76%
Max Revenue beat(2)-1.75%
Revenue beat(4)0
Avg Revenue beat(4)-1.9%
Min Revenue beat(4)-2.76%
Max Revenue beat(4)-0.69%
Revenue beat(8)0
Avg Revenue beat(8)-1.88%
Revenue beat(12)1
Avg Revenue beat(12)-1.79%
Revenue beat(16)1
Avg Revenue beat(16)-9.37%
PT rev (1m)0.31%
PT rev (3m)-17.11%
EPS NQ rev (1m)0.44%
EPS NQ rev (3m)-2.12%
EPS NY rev (1m)-0.55%
EPS NY rev (3m)-2.91%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)-1.25%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.15 | ||
| Fwd PE | 9 | ||
| P/S | 1.07 | ||
| P/FCF | N/A | ||
| P/OCF | 5.26 | ||
| P/B | 7.13 | ||
| P/tB | 12.95 | ||
| EV/EBITDA | 9.85 |
EPS(TTM)1.72
EY7.6%
EPS(NY)2.51
Fwd EY11.12%
FCF(TTM)-1.24
FCFYN/A
OCF(TTM)4.3
OCFY19.02%
SpS21.07
BVpS3.17
TBVpS1.75
PEG (NY)0.92
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.99% | ||
| ROE | 60.19% | ||
| ROCE | 9.49% | ||
| ROIC | 7.5% | ||
| ROICexc | 7.59% | ||
| ROICexgc | 7.92% | ||
| OM | 15.38% | ||
| PM (TTM) | 9.05% | ||
| GM | 40.47% | ||
| 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
ROICexcg growth 3YN/A
ROICexcg 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-Score7
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.09 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.3 | ||
| Cap/Depr | 253.06% | ||
| Cap/Sales | 26.31% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.17% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.16 | ||
| Altman-Z | 0.3 |
F-Score7
WACC8.73%
ROIC/WACC0.86
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)65.38%
EPS 3YN/A
EPS 5Y-18.68%
EPS Q2Q%-56.25%
EPS Next Y14.24%
EPS Next 2Y17.86%
EPS Next 3Y17.62%
EPS Next 5Y19.7%
Revenue 1Y (TTM)5.57%
Revenue growth 3Y144.57%
Revenue growth 5Y7.96%
Sales Q2Q%-2.91%
Revenue Next Year6.51%
Revenue Next 2Y8.16%
Revenue Next 3Y8.21%
Revenue Next 5Y8.4%
EBIT growth 1Y27.22%
EBIT growth 3YN/A
EBIT growth 5Y4.47%
EBIT Next Year79.91%
EBIT Next 3Y30.5%
EBIT Next 5Y21%
FCF growth 1Y28.05%
FCF growth 3YN/A
FCF growth 5Y35.24%
OCF growth 1Y77.25%
OCF growth 3YN/A
OCF growth 5Y2.38%