NORWEGIAN CRUISE LINE HOLDIN (NCLH) Stock Fundamental Analysis
NYSE:NCLH - New York Stock Exchange, Inc. - BMG667211046 - Common Stock - Currency: USD
Overall NCLH gets a fundamental rating of 3 out of 10. We evaluated NCLH against 135 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of NCLH while its profitability can be described as average. 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
NCLH has a better Return On Assets (3.99%) than 64.44% of its industry peers.
The Return On Equity of NCLH (60.19%) is better than 96.30% of its industry peers.
The Return On Invested Capital of NCLH (7.50%) is better than 62.22% 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 73.33% of its industry peers.
NCLH's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 15.38%, NCLH is in the better half of the industry, outperforming 68.89% of the companies in the same industry.
NCLH's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 40.47%, NCLH is doing worse than 61.48% of the companies in the same industry.
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
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.
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 0.25. This is a bad value and indicates that NCLH is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.25, NCLH is doing worse than 82.96% of the companies in the same industry.
NCLH has a Debt/Equity ratio of 9.09. This is a high value indicating a heavy dependency on external financing.
NCLH has a Debt to Equity ratio of 9.09. This is in the lower half of the industry: NCLH underperforms 62.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.09 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.25 |
ROIC/WACC0.89
WACC8.46%
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.
NCLH has a Current ratio of 0.19. This is amonst the worse of the industry: NCLH underperforms 96.30% of its industry peers.
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 94.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.16 |
3. Growth
3.1 Past
NCLH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 65.38%, which is quite impressive.
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.
The Revenue has been growing slightly by 5.57% in the past year.
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 18.66% on average per year.
NCLH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.07% yearly.
EPS Next Y16.61%
EPS Next 2Y19.95%
EPS Next 3Y19.13%
EPS Next 5Y18.66%
Revenue Next Year6.54%
Revenue Next 2Y8.12%
Revenue Next 3Y8.35%
Revenue Next 5Y9.07%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.30, the valuation of NCLH can be described as reasonable.
NCLH's Price/Earnings ratio is rather cheap when compared to the industry. NCLH is cheaper than 92.59% of the companies in the same industry.
When comparing the Price/Earnings ratio of NCLH to the average of the S&P500 Index (24.85), we can say NCLH is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.47, the valuation of NCLH can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NCLH indicates a rather cheap valuation: NCLH is cheaper than 94.07% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.89, NCLH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.3 | ||
| Fwd PE | 7.47 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NCLH indicates a somewhat cheap valuation: NCLH is cheaper than 70.37% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.22 |
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 19.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.68
PEG (5Y)N/A
EPS Next 2Y19.95%
EPS Next 3Y19.13%
5. Dividend
5.1 Amount
NCLH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.44
+0.1 (+0.52%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners80.67%
Inst Owner Change0.35%
Ins Owners0.39%
Ins Owner Change2.57%
Market Cap8.62B
Analysts81.25
Price Target25.74 (32.41%)
Short Float %6.79%
Short Ratio1.8
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)60.06%
Min EPS beat(2)-22.07%
Max EPS beat(2)142.19%
EPS beat(4)3
Avg EPS beat(4)33.97%
Min EPS beat(4)-22.07%
Max EPS beat(4)142.19%
EPS beat(8)6
Avg EPS beat(8)20.33%
EPS beat(12)8
Avg EPS beat(12)12.61%
EPS beat(16)9
Avg EPS beat(16)7.33%
Revenue beat(2)0
Avg Revenue beat(2)-2.24%
Min Revenue beat(2)-2.72%
Max Revenue beat(2)-1.75%
Revenue beat(4)0
Avg Revenue beat(4)-1.89%
Min Revenue beat(4)-2.72%
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)-14.59%
PT rev (3m)-14.77%
EPS NQ rev (1m)-3.27%
EPS NQ rev (3m)-7.65%
EPS NY rev (1m)-0.9%
EPS NY rev (3m)-0.68%
Revenue NQ rev (1m)-1.21%
Revenue NQ rev (3m)-1.88%
Revenue NY rev (1m)-0.84%
Revenue NY rev (3m)-1.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.3 | ||
| Fwd PE | 7.47 | ||
| P/S | 0.92 | ||
| P/FCF | N/A | ||
| P/OCF | 4.49 | ||
| P/B | 6.09 | ||
| P/tB | 11.05 | ||
| EV/EBITDA | 9.22 |
EPS(TTM)1.72
EY8.85%
EPS(NY)2.6
Fwd EY13.4%
FCF(TTM)-1.25
FCFYN/A
OCF(TTM)4.33
OCFY22.29%
SpS21.23
BVpS3.19
TBVpS1.76
PEG (NY)0.68
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 | 0.25 |
F-Score7
WACC8.46%
ROIC/WACC0.89
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 Y16.61%
EPS Next 2Y19.95%
EPS Next 3Y19.13%
EPS Next 5Y18.66%
Revenue 1Y (TTM)5.57%
Revenue growth 3Y144.57%
Revenue growth 5Y7.96%
Sales Q2Q%-2.91%
Revenue Next Year6.54%
Revenue Next 2Y8.12%
Revenue Next 3Y8.35%
Revenue Next 5Y9.07%
EBIT growth 1Y27.22%
EBIT growth 3YN/A
EBIT growth 5Y4.47%
EBIT Next Year81.66%
EBIT Next 3Y32.02%
EBIT Next 5Y21.75%
FCF growth 1Y28.05%
FCF growth 3YN/A
FCF growth 5Y35.24%
OCF growth 1Y77.25%
OCF growth 3YN/A
OCF growth 5Y2.38%