ROYAL CARIBBEAN GROUP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 154.6 USD | +0.01% |
|
+4.67% | +19.37% |
| Jun. 07 | JPMorgan Adjusts Price Target on Royal Caribbean to $173 From $168 | MT |
| Jun. 04 | Royal Caribbean Cruises Insider Sold Shares Worth $1,153,045, According to a Recent SEC Filing | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 27,988 | 17,730 | 19,593 | 12,614 | 33,180 | 39,773 | - | - |
| Enterprise Value (EV) 1 | 38,779 | 33,375 | 38,556 | 34,070 | 54,135 | 59,421 | 57,144 | 54,188 |
| P/E ratio | 14.9 x | -2.76 x | -3.68 x | -5.85 x | 20.5 x | 14.3 x | 11.9 x | 10.5 x |
| Yield | 2.22% | 1.04% | - | - | - | - | - | 0.33% |
| Capitalization / Revenue | 2.56 x | 8.03 x | 12.8 x | 1.43 x | 2.39 x | 2.43 x | 2.24 x | 2.07 x |
| EV / Revenue | 3.54 x | 15.1 x | 25.2 x | 3.85 x | 3.89 x | 3.63 x | 3.22 x | 2.81 x |
| EV / EBITDA | 11.4 x | -21.9 x | -17.9 x | 47.9 x | 11.9 x | 10.4 x | 9.1 x | 8 x |
| EV / FCF | 56.1 x | -5.86 x | -9.39 x | -15.3 x | 93.3 x | 29.1 x | 26.5 x | 14.4 x |
| FCF Yield | 1.78% | -17.1% | -10.7% | -6.54% | 1.07% | 3.43% | 3.77% | 6.95% |
| Price to Book | 2.29 x | 2.02 x | 3.85 x | 4.4 x | 7.03 x | 5.47 x | 3.64 x | 2.66 x |
| Nbr of stocks (in thousands) | 209,631 | 237,384 | 254,790 | 255,182 | 256,235 | 257,349 | - | - |
| Reference price 2 | 133.5 | 74.69 | 76.90 | 49.43 | 129.5 | 154.6 | 154.6 | 154.6 |
| Announcement Date | 2/4/20 | 2/22/21 | 2/4/22 | 2/7/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,951 | 2,209 | 1,532 | 8,841 | 13,900 | 16,385 | 17,759 | 19,253 |
| EBITDA 1 | 3,390 | -1,522 | -2,150 | 711.6 | 4,544 | 5,727 | 6,279 | 6,777 |
| EBIT 1 | 2,144 | -2,801 | -3,443 | -695.1 | 3,089 | 4,042 | 4,470 | 4,871 |
| Operating Margin | 19.58% | -126.81% | -224.7% | -7.86% | 22.22% | 24.67% | 25.17% | 25.3% |
| Earnings before Tax (EBT) 1 | 1,908 | -5,775 | -5,260 | -2,156 | 1,697 | 2,931 | 3,570 | 4,065 |
| Net income 1 | 1,879 | -5,797 | -5,260 | -2,156 | 1,697 | 2,948 | 3,557 | 3,959 |
| Net margin | 17.16% | -262.47% | -343.34% | -24.39% | 12.21% | 17.99% | 20.03% | 20.56% |
| EPS 2 | 8.950 | -27.05 | -20.89 | -8.450 | 6.310 | 10.81 | 12.97 | 14.65 |
| Free Cash Flow 1 | 691.7 | -5,697 | -4,108 | -2,228 | 580 | 2,040 | 2,154 | 3,767 |
| FCF margin | 6.32% | -257.91% | -268.09% | -25.2% | 4.17% | 12.45% | 12.13% | 19.57% |
| FCF Conversion (EBITDA) | 20.41% | - | - | - | 12.76% | 35.62% | 34.31% | 55.58% |
| FCF Conversion (Net income) | 36.81% | - | - | - | 34.18% | 69.22% | 60.57% | 95.15% |
| Dividend per Share 2 | 2.960 | 0.7800 | - | - | - | - | - | 0.5046 |
| Announcement Date | 2/4/20 | 2/22/21 | 2/4/22 | 2/7/23 | 2/1/24 | - | - | - |
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 | 982.2 | 1,059 | 2,184 | 2,993 | 2,604 | 2,885 | 3,523 | 4,160 | 3,331 | 3,728 | 4,037 | 4,807 | 3,801 | 4,037 | 4,447 |
| EBITDA 1 | -559.2 | -416.3 | 109.7 | 742.3 | 409.3 | 641.7 | 1,173 | 1,728 | 1,002 | 1,174 | 1,410 | 1,977 | 1,151 | 1,301 | 1,560 |
| EBIT 1 | -892.6 | -856.4 | -228.7 | 313.2 | 48.71 | 271.6 | 771.6 | 1,265 | 634 | 750 | 998 | 1,532 | 718.3 | 867.8 | 1,121 |
| Operating Margin | -90.87% | -80.85% | -10.47% | 10.46% | 1.87% | 9.41% | 21.9% | 30.41% | 19.03% | 20.12% | 24.72% | 31.87% | 18.9% | 21.5% | 25.2% |
| Earnings before Tax (EBT) 1 | -1,357 | -1,167 | -521.6 | 32.97 | -500.2 | -47.91 | 462.3 | 1,011 | 278 | 364 | 762.5 | 1,309 | 511 | - | - |
| Net income 1 | -1,357 | -1,167 | -521.6 | 32.97 | -500.2 | -47.91 | 458.8 | 1,009 | 278 | 360 | 763.8 | 1,325 | 502.2 | 503.3 | - |
| Net margin | -138.15% | -110.19% | -23.88% | 1.1% | -19.21% | -1.66% | 13.02% | 24.25% | 8.35% | 9.66% | 18.92% | 27.56% | 13.21% | 12.47% | - |
| EPS 2 | -5.330 | -4.580 | -2.050 | 0.1300 | -1.960 | -0.1900 | 1.700 | 3.650 | 1.060 | 1.350 | 2.795 | 4.838 | 1.840 | 1.800 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/22 | 5/5/22 | 7/28/22 | 11/3/22 | 2/7/23 | 5/4/23 | 7/27/23 | 10/26/23 | 2/1/24 | 4/25/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 10,791 | 15,645 | 18,963 | 21,456 | 20,955 | 19,648 | 17,371 | 14,414 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.184 x | -10.28 x | -8.82 x | 30.15 x | 4.612 x | 3.431 x | 2.766 x | 2.127 x |
| Free Cash Flow 1 | 692 | -5,697 | -4,108 | -2,228 | 580 | 2,040 | 2,154 | 3,767 |
| ROE (net income / shareholders' equity) | 17.2% | -37.5% | -76% | -48.1% | 48.1% | 48.9% | 36.9% | 30.1% |
| ROA (Net income/ Total Assets) | 6.9% | -18.5% | -16.3% | -5.8% | 5.3% | 8.94% | 9.9% | 10% |
| Assets 1 | 27,230 | 31,393 | 32,362 | 37,204 | 32,002 | 32,984 | 35,930 | 39,416 |
| Book Value Per Share 2 | 58.30 | 36.90 | 20.00 | 11.20 | 18.40 | 28.20 | 42.50 | 58.10 |
| Cash Flow per Share 2 | 17.70 | -17.40 | -7.460 | 1.890 | 15.80 | 19.10 | 21.20 | 22.70 |
| Capex 1 | 3,025 | 1,965 | 2,230 | 2,710 | 3,897 | 3,274 | 3,100 | 2,966 |
| Capex / Sales | 27.62% | 88.97% | 145.53% | 30.65% | 28.04% | 19.98% | 17.45% | 15.41% |
| Announcement Date | 2/4/20 | 2/22/21 | 2/4/22 | 2/7/23 | 2/1/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
24
Last Close Price
154.6
USD
Average target price
161.5
USD
Spread / Average Target
+4.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.37% | 39.77B | |
| -9.92% | 20.87B | |
| -11.23% | 7.8B | |
| +9.28% | 609M | |
| -33.36% | 405M |
- Stock Market
- Equities
- RCL Stock
- Financials Royal Caribbean Group
