LIND

Lindblad Expeditions Holdings, Inc.

Fundamental data last updated:September 26, 2026

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company profile

SECTOR

Consumer Cyclical

industry

Travel Services

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Lindblad Expeditions Holdings, Inc. provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand. The company also provides luxury cycling and adventure tours worldwide under the DuVine name; active small group and private custom journeys throughout the United States national park under the Off the Beaten Path brand name; and curated active small group and private custom journeys that are centered around cinematic walks led by the local guides under the Classic Journeys name. The company has a strategic alliance with the National Geographic Society. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.

 


VALUATION

P/E

-56.78

Market Cap ($M USD)

$1.26B

Forward P/E

38.30

PEG

0.15

PRICE TO SALES

1.58

PRICE TO BOOK

-7.28

EV / EBITDA

17.19

5-Year Average P/E

Free Cash Flow Yield

6.58%

DCF Value

$-132.82

Graham Number

N/A

Price to FCF

15.20

EV to FCF

19.34

Earnings Yield

-1.76%

FCF Yield

6.58%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$0.40

Next Year EPS Growth Estimate

$0.60

Next Year Revenue Growth Estimate

$923.30M

Return on Equity (ROE)

11.75%

FREE CASH FLOW

Operating Margin

6.32%

Debt-to-Equity

-3.30

Piotroski F-Score

4

Altman Z-Score

0.83

Return on Invested Capital (ROIC)

9.82%

Current Ratio

0.81

Quick Ratio

0.81

Net Debt to EBITDA

3.68

Interest Coverage

1.14

Gross Profit margin

35.89%

FCF PER SHARE

$1.38

REVENUE PER SHARE

$13.27

Gainseekers Quantitative Analysis

Summary

Lindblad Expeditions Holdings, Inc. presents a perplexing valuation scenario. Despite a Forward P/E of 35.17, suggesting optimism for future earnings, the current Price/Earnings ratio of -52.14 and a negative DCF Value indicate severe mispricing. The Altman Z-score of 0.82 raises red flags about financial distress, while the Earnings Yield of -1.92% further underscores its current inefficiency. The market seems to be betting on a turnaround, but the financial health remains precarious.

AI Exposure / Tech Reliance

Operating within the travel services industry, Lindblad is poised to leverage AI for personalized travel experiences and operational efficiencies. However, the sector's reliance on physical experiences limits the immediate impact of tech shifts. Their adaptability will hinge on integrating AI into customer service and logistics.

The Bull Case

For the discerning GARP investor, Lindblad's appeal lies in its robust ROIC of 9.82% and a compelling FCF Yield of 7.16%. These metrics suggest efficient capital use and potential for strong cash generation. The Piotroski F-Score of 4, while moderate, indicates some financial health, and an Operating Margin of 6.32% showcases decent pricing power. These factors collectively paint a picture of a company with underlying strengths, despite surface-level volatility.

The Bear Case

The bear case for Lindblad is stark. A Price/Book ratio of -6.69 and a Price/Sales of 1.45 highlight valuation concerns, while a Current Ratio of 0.81 signals liquidity issues. The stock's proximity to its 52-week high suggests it's technically overextended. With a Net Debt to EBITDA of 3.68, the leverage is concerning, especially given the low Interest Coverage of 1.14, pointing to potential solvency challenges.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$23.00

Institutional Ownership %

1-Year Beta

2.22

Insider Buying % (6 Mo)

Distance to 52-Week High

1.65%

Distance to 52-Week Low

55.27%

EARNINGS SURPRISE %

800.00%

50-DAY SMA

$18.98

200-DAY SMA

$15.71

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.