NORWEGIAN CRUISE LINE HOLDINGS LTD. Financials Norwegian Cruise Line Holdings Ltd.
Equities
NCLH
BMG667211046
Hotels, Motels & Cruise Lines
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.56 USD | +3.50% |
|
-2.24% | -17.37% |
| May. 28 | Sector Update: Consumer Stocks Decline in Late Afternoon Trading | MT |
| May. 28 | Sector Update: Consumer | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,427 | 8,027 | 8,646 | 5,158 | 8,526 | 6,865 | - | - |
| Enterprise Value (EV) 1 | 18,976 | 16,532 | 19,346 | 17,832 | 22,182 | 19,231 | 19,159 | 19,023 |
| P/E ratio | 13.6 x | -1.61 x | -1.68 x | -2.26 x | 51.4 x | 13.5 x | 9.72 x | 7.52 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.92 x | 6.27 x | 13.3 x | 1.06 x | 1 x | 0.73 x | 0.68 x | 0.62 x |
| EV / Revenue | 2.94 x | 12.9 x | 29.9 x | 3.68 x | 2.59 x | 2.05 x | 1.9 x | 1.72 x |
| EV / EBITDA | 9.81 x | -15.8 x | -11.2 x | -26.5 x | 11.9 x | 8.41 x | 7.51 x | 6.49 x |
| EV / FCF | 102 x | -4.72 x | -6.01 x | -11.3 x | -29.8 x | 20.1 x | -50.1 x | 100 x |
| FCF Yield | 0.98% | -21.2% | -16.6% | -8.83% | -3.36% | 4.98% | -1.99% | 1% |
| Price to Book | 1.91 x | 1.39 x | 3.55 x | 74.9 x | 28.3 x | 7.54 x | 3.81 x | 1.77 x |
| Nbr of stocks (in thousands) | 212,758 | 315,636 | 416,892 | 421,396 | 425,425 | 429,041 | - | - |
| Reference price 2 | 58.41 | 25.43 | 20.74 | 12.24 | 20.04 | 16.00 | 16.00 | 16.00 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,462 | 1,280 | 648 | 4,844 | 8,550 | 9,361 | 10,078 | 11,070 |
| EBITDA 1 | 1,935 | -1,045 | -1,724 | -673.9 | 1,861 | 2,286 | 2,550 | 2,930 |
| EBIT 1 | 1,289 | -1,672 | -2,425 | -1,423 | 1,052 | 1,376 | 1,605 | 1,903 |
| Operating Margin | 19.94% | -130.62% | -374.18% | -29.38% | 12.31% | 14.7% | 15.92% | 17.19% |
| Earnings before Tax (EBT) 1 | 911.4 | -4,000 | -4,501 | -2,277 | 163.2 | 593.9 | 837.1 | 1,128 |
| Net income 1 | 930.2 | -4,013 | -4,507 | -2,270 | 166.2 | 579.4 | 809.5 | 1,077 |
| Net margin | 14.39% | -313.5% | -695.48% | -46.86% | 1.94% | 6.19% | 8.03% | 9.73% |
| EPS 2 | 4.300 | -15.75 | -12.33 | -5.410 | 0.3900 | 1.188 | 1.646 | 2.128 |
| Free Cash Flow 1 | 185.4 | -3,503 | -3,221 | -1,574 | -744.6 | 957 | -382.1 | 190 |
| FCF margin | 2.87% | -273.67% | -497.06% | -32.49% | -8.71% | 10.22% | -3.79% | 1.72% |
| FCF Conversion (EBITDA) | 9.58% | - | - | - | - | 41.86% | - | 6.48% |
| FCF Conversion (Net income) | 19.93% | - | - | - | - | 165.16% | - | 17.64% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 487.4 | 521.9 | 1,187 | 1,616 | 1,519 | 1,822 | 2,205 | 2,536 | 1,986 | 2,191 | 2,376 | 2,713 | 2,082 | 2,271 | 2,540 |
| EBITDA 1 | -467.9 | -476.2 | -184.5 | 28.1 | -41.38 | 234.2 | 514.8 | 752.1 | 359.6 | 464 | 562.8 | 852.4 | 405.1 | 502.3 | 626.6 |
| EBIT 1 | -650.9 | -655.3 | -366.1 | -158.1 | -243.5 | 39.45 | 317.7 | 547.5 | 147.6 | 241.1 | 336.3 | 618.3 | 184.4 | 269.9 | 391 |
| Operating Margin | -133.53% | -125.54% | -30.83% | -9.79% | -16.03% | 2.17% | 14.4% | 21.59% | 7.43% | 11% | 14.16% | 22.79% | 8.86% | 11.88% | 15.39% |
| Earnings before Tax (EBT) 1 | -1,570 | -978.3 | -510.2 | -306.1 | -482.1 | -169.5 | 86.81 | 354.2 | -108.3 | 18.35 | 147.3 | 432.5 | 5.324 | - | - |
| Net income 1 | -1,573 | -982.7 | -509.3 | -295.4 | -482.5 | -159.3 | 86.12 | 345.9 | -106.5 | 17.35 | 146.1 | 431.4 | -7.447 | 81.76 | - |
| Net margin | -322.65% | -188.28% | -42.9% | -18.28% | -31.76% | -8.74% | 3.9% | 13.64% | -5.36% | 0.79% | 6.15% | 15.9% | -0.36% | 3.6% | - |
| EPS 2 | -4.010 | -2.350 | -1.220 | -0.7000 | -1.140 | -0.3800 | 0.2000 | 0.7100 | -0.2500 | 0.0400 | 0.2860 | 0.8695 | -0.0197 | 0.1700 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 5/10/22 | 8/9/22 | 11/8/22 | 2/28/23 | 5/1/23 | 8/1/23 | 11/1/23 | 2/27/24 | 5/1/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,549 | 8,506 | 10,700 | 12,675 | 13,657 | 12,366 | 12,295 | 12,158 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.384 x | -8.143 x | -6.207 x | -18.81 x | 7.339 x | 5.409 x | 4.822 x | 4.149 x |
| Free Cash Flow 1 | 185 | -3,503 | -3,221 | -1,574 | -745 | 957 | -382 | 190 |
| ROE (net income / shareholders' equity) | 17.6% | -40.5% | -86.9% | -156% | 161% | 109% | 56.2% | 41.4% |
| ROA (Net income/ Total Assets) | 6.91% | -12.5% | -24.3% | -12.2% | 1.57% | 3.77% | 4.87% | 5.49% |
| Assets 1 | 13,472 | 31,991 | 18,565 | 18,644 | 10,585 | 15,377 | 16,610 | 19,611 |
| Book Value Per Share 2 | 30.60 | 18.30 | 5.840 | 0.1600 | 0.7100 | 2.120 | 4.200 | 9.020 |
| Cash Flow per Share 2 | 8.420 | -10.00 | -6.750 | 0.5000 | 4.690 | 3.460 | 4.190 | - |
| Capex 1 | 1,637 | 947 | 753 | 1,784 | 2,750 | 878 | 2,169 | 2,109 |
| Capex / Sales | 25.33% | 73.95% | 116.18% | 36.83% | 32.17% | 9.38% | 21.53% | 19.05% |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
16
USD
Average target price
21.76
USD
Spread / Average Target
+36.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.37% | 6.86B | |
| +15.94% | 38.2B | |
| +7.39% | 585M | |
| -29.81% | 436M |
- Stock Market
- Equities
- NCLH Stock
- Financials Norwegian Cruise Line Holdings Ltd.
