NCLH

Norwegian Cruise Line Holdings Ltd.

Fundamental data last updated:August 9, 2026

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company profile

SECTOR

Consumer Cyclical

industry

Travel Services

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean. As of December 31, 2021, the company had 28 ships with approximately 59,150 berths. It distributes its products through retail/travel advisor and onboard cruise sales channels, as well as meetings, incentives, and charters. Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is based in Miami, Florida.

 


VALUATION

P/E

14.70

Market Cap ($M USD)

$8.40B

Forward P/E

5.18

PEG

0.03

PRICE TO SALES

0.84

PRICE TO BOOK

3.44

EV / EBITDA

9.82

5-Year Average P/E

Free Cash Flow Yield

-11.30%

DCF Value

$-355.23

Graham Number

$12.21

Price to FCF

-8.85

EV to FCF

-24.62

Earnings Yield

6.80%

FCF Yield

-11.30%

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

$1.24

Next Year EPS Growth Estimate

$3.53

Next Year Revenue Growth Estimate

$12.27B

Return on Equity (ROE)

27.04%

FREE CASH FLOW

Operating Margin

15.88%

Debt-to-Equity

6.61

Piotroski F-Score

6

Altman Z-Score

0.27

Return on Invested Capital (ROIC)

9.06%

Current Ratio

0.21

Quick Ratio

0.18

Net Debt to EBITDA

6.29

Interest Coverage

1.91

Gross Profit margin

43.05%

FCF PER SHARE

$-2.08

REVENUE PER SHARE

$21.97

Gainseekers Quantitative Analysis

Summary

The market seems to be mispricing Norwegian Cruise Line Holdings Ltd. significantly. With a DCF value deeply negative and a Graham Number far below the snapshot price, the stock appears overvalued. The Forward P/E of 4.04 suggests optimism for future earnings, yet the Altman Z-score of 0.26 signals distress, highlighting potential financial instability. The Earnings Yield of 7.29% is decent, but it doesn’t compensate for the risks implied by the company’s leverage and liquidity issues. Overall, the financial health is precarious, with a high debt load overshadowing growth prospects.

AI Exposure / Tech Reliance

Operating within the travel services industry, Norwegian Cruise Line is not directly exposed to AI or tech shifts. However, the company can leverage technology to enhance customer experiences and streamline operations. Its resilience will depend on adopting digital tools to improve efficiency and customer engagement.

The Bull Case

For a value or GARP investor, Norwegian Cruise Line offers intriguing potential. The ROIC of 9.06% indicates efficient capital use, while a Piotroski F-Score of 6 suggests moderate financial strength. Despite a negative FCF Yield, the operating margin of 15.88% reflects solid pricing power. These metrics suggest that the company can generate value if it manages to stabilize its cash flows and leverage its operational strengths.

The Bear Case

The structural risks are glaring. A Debt/Equity ratio of 6.61 and a Net Debt to EBITDA of 6.29 highlight a concerning leverage level. The negative FCF Yield and Price to FCF ratio of -8.26 indicate poor cash flow generation, raising red flags about liquidity. Trading significantly below its 52-week high, the stock's technical position is weak, suggesting limited upside without substantial operational improvements.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$21.85

Institutional Ownership %

1-Year Beta

1.92

Insider Buying % (6 Mo)

Distance to 52-Week High

48.57%

Distance to 52-Week Low

20.58%

EARNINGS SURPRISE %

53.33%

50-DAY SMA

$18.36

200-DAY SMA

$21.43

⚠️ 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.