NORWEGIAN CRUISE LINE HOLDIN (NCLH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NCLH - BMG667211046 - Common Stock
20.87 USD
+0.5 (+2.45%)
20.94 USD
+0.07 (+0.34%)
NCLH gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 133 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 is not valued too expensively and it also shows a decent growth rate.
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.
- In multiple years NCLH reported negative operating cash flow during the last 5 years.
1.2 Ratios
- NCLH has a Return On Assets (2.99%) which is in line with its industry peers.
- Looking at the Return On Equity, with a value of 30.26%, NCLH belongs to the top of the industry, outperforming 82.71% of the companies in the same industry.
- NCLH has a Return On Invested Capital of 7.44%. This is in the better half of the industry: NCLH outperforms 62.41% 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
- The Profit Margin of NCLH (6.85%) is better than 63.91% of its industry peers.
- NCLH's Profit Margin has declined in the last couple of years.
- NCLH has a better Operating Margin (16.39%) than 72.18% of its industry peers.
- In the last couple of years the Operating Margin of NCLH has declined.
- NCLH has a Gross Margin of 41.98%. This is in the lower half of the industry: NCLH underperforms 60.15% of its industry peers.
- In the last couple of years the Gross Margin of NCLH has declined.
| 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.
- The number of shares outstanding for NCLH has been increased compared to 1 year ago.
- Compared to 5 years ago, NCLH has more shares outstanding
- NCLH has a better debt/assets ratio than last year.
2.2 Solvency
- NCLH has an Altman-Z score of 0.37. 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 0.37, NCLH is doing worse than 78.20% of the companies in the same industry.
- NCLH has a Debt/Equity ratio of 6.22. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 6.22, NCLH is doing worse than 62.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.37 |
ROIC/WACC0.95
WACC7.86%
2.3 Liquidity
- A Current Ratio of 0.19 indicates that NCLH may have some problems paying its short term obligations.
- The Current ratio of NCLH (0.19) is worse than 92.48% of its industry peers.
- 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.
- The Quick ratio of NCLH (0.17) is worse than 91.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
- NCLH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 48.91%, which is quite impressive.
- The earnings per share for NCLH have been decreasing by -18.68% on average. This is quite bad
- The Revenue has been growing slightly by 3.59% in the past year.
- NCLH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.96% yearly.
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.
- Based on estimates for the next years, NCLH will show a small growth in Revenue. The Revenue will grow by 7.52% on average per year.
EPS Next Y16.87%
EPS Next 2Y21.38%
EPS Next 3Y19.07%
EPS Next 5Y17.94%
Revenue Next Year4.75%
Revenue Next 2Y7.4%
Revenue Next 3Y7.21%
Revenue Next 5Y7.52%
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
- The Price/Earnings ratio is 10.23, which indicates a very decent valuation of NCLH.
- NCLH's Price/Earnings ratio is rather cheap when compared to the industry. NCLH is cheaper than 90.98% of the companies in the same industry.
- NCLH's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.32.
- The Price/Forward Earnings ratio is 7.83, which indicates a rather cheap valuation of NCLH.
- Based on the Price/Forward Earnings ratio, NCLH is valued cheaply inside the industry as 95.49% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 24.30. NCLH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.23 | ||
| Fwd PE | 7.83 |
4.2 Price Multiples
- 71.43% of the companies in the same industry are more expensive than NCLH, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.09 |
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)0.61
PEG (5Y)N/A
EPS Next 2Y21.38%
EPS Next 3Y19.07%
5. Dividend
5.1 Amount
- No dividends for NCLH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
20.87
+0.5 (+2.45%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)11-04 2025-11-04/bmo
Earnings (Next)02-25 2026-02-25/amc
Inst Owners84.59%
Inst Owner Change0.29%
Ins Owners0.32%
Ins Owner Change0.67%
Market Cap9.50B
Revenue(TTM)9.69B
Net Income(TTM)663.53M
Analysts78.71
Price Target28.42 (36.18%)
Short Float %8.7%
Short Ratio2.35
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)-0.16%
PT rev (3m)-8.34%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)-11.06%
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)-0.01%
Revenue NY rev (3m)-1.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.23 | ||
| Fwd PE | 7.83 | ||
| P/S | 0.98 | ||
| P/FCF | N/A | ||
| P/OCF | 4.68 | ||
| P/B | 4.33 | ||
| P/tB | 6.1 | ||
| EV/EBITDA | 9.09 |
EPS(TTM)2.04
EY9.77%
EPS(NY)2.67
Fwd EY12.78%
FCF(TTM)-2.27
FCFYN/A
OCF(TTM)4.46
OCFY21.36%
SpS21.29
BVpS4.82
TBVpS3.42
PEG (NY)0.61
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 | 0.37 |
F-Score5
WACC7.86%
ROIC/WACC0.95
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 Year4.75%
Revenue Next 2Y7.4%
Revenue Next 3Y7.21%
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.