NORWEGIAN CRUISE LINE HOLDIN (NCLH)
BMG667211046 - Common Stock
We assign a fundamental rating of 3 out of 10 to NCLH. NCLH was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and financial health of NCLH have multiple concerns. NCLH is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year NCLH was profitable.
NCLH had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: NCLH reported negative net income in multiple 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
NCLH's Return On Assets of 0.85% is on the low side compared to the rest of the industry. NCLH is outperformed by 64.93% of its industry peers.
NCLH's Return On Equity of 55.26% is amongst the best of the industry. NCLH outperforms 94.78% of its industry peers.
The Return On Invested Capital of NCLH (5.47%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 55.26% | ||
| ROIC | 5.47% |
ROA(3y)-11.81%
ROA(5y)-10.33%
ROE(3y)-1139.9%
ROE(5y)-699.51%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 1.94%, NCLH perfoms like the industry average, outperforming 40.30% of the companies in the same industry.
In the last couple of years the Profit Margin of NCLH has declined.
NCLH's Operating Margin of 10.89% is in line compared to the rest of the industry. NCLH outperforms 59.70% of its industry peers.
NCLH's Operating Margin has declined in the last couple of years.
NCLH's Gross Margin of 36.04% is on the low side compared to the rest of the industry. NCLH is outperformed by 70.90% of its industry peers.
NCLH's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.89% | ||
| PM (TTM) | 1.94% | ||
| GM | 36.04% |
OM growth 3YN/A
OM growth 5Y-11.55%
PM growth 3YN/A
PM growth 5Y-34.21%
GM growth 3YN/A
GM growth 5Y-4.01%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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 0.06. This is a bad value and indicates that NCLH is not financially healthy and even has some risk of bankruptcy.
NCLH has a worse Altman-Z score (0.06) than 80.60% of its industry peers.
NCLH has a Debt/Equity ratio of 40.94. This is a high value indicating a heavy dependency on external financing.
NCLH has a Debt to Equity ratio of 40.94. This is in the lower half of the industry: NCLH underperforms 70.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 40.94 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.06 |
ROIC/WACC0.66
WACC8.34%
2.3 Liquidity
NCLH has a Current Ratio of 0.22. 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 worse Current ratio (0.22) than 97.01% of its industry peers.
NCLH has a Quick Ratio of 0.22. This is a bad value and indicates that NCLH is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of NCLH (0.19) is worse than 96.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.19 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 112.50% over the past year.
The earnings per share for NCLH have been decreasing by -34.82% on average. This is quite bad
Looking at the last year, NCLH shows a very strong growth in Revenue. The Revenue has grown by 76.51%.
NCLH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.14% yearly.
EPS 1Y (TTM)112.5%
EPS 3YN/A
EPS 5Y-34.82%
EPS growth Q2Q82.69%
Revenue 1Y (TTM)76.51%
Revenue growth 3Y88.33%
Revenue growth 5Y7.14%
Revenue growth Q2Q30.77%
3.2 Future
The Earnings Per Share is expected to grow by 50.50% on average over the next years. This is a very strong growth
Based on estimates for the next years, NCLH will show a quite strong growth in Revenue. The Revenue will grow by 8.88% on average per year.
EPS Next Y121.93%
EPS Next 2Y74.1%
EPS Next 3Y59.6%
EPS Next 5Y50.5%
Revenue Next Year9.42%
Revenue Next 2Y8.22%
Revenue Next 3Y8.66%
Revenue Next 5Y8.88%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 32.83, NCLH can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of NCLH is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 24.84. NCLH is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 14.79 indicates a correct valuation of NCLH.
75.37% of the companies in the same industry are more expensive than NCLH, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.35. NCLH is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.83 | ||
| Fwd PE | 14.79 |
4.2 Price Multiples
NCLH's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12 |
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.
NCLH's earnings are expected to grow with 59.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y74.1%
EPS Next 3Y59.6%
5. Dividend
5.1 Amount
NCLH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NORWEGIAN CRUISE LINE HOLDIN
NYSE:NCLH (4/26/2024, 7:06:02 PM)
Premarket: 19.29 +0.25 (+1.31%)19.04
-0.31 (-1.6%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.10B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.83 | ||
| Fwd PE | 14.79 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.27
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 55.26% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.89% | ||
| PM (TTM) | 1.94% | ||
| GM | 36.04% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 40.94 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.19 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)112.5%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y121.93%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)76.51%
Revenue growth 3Y88.33%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y