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 | ||
| 16.2 USD | +0.68% |
|
+1.57% | -19.16% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,427 | 8,027 | 8,646 | 5,158 | 8,526 | 6,903 | - | - |
| Enterprise Value (EV) 1 | 18,976 | 16,532 | 19,346 | 17,832 | 22,182 | 18,971 | 18,914 | 18,686 |
| P/E ratio | 13.6 x | -1.61 x | -1.68 x | -2.26 x | 51.4 x | 14.4 x | 10.5 x | 8.09 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.92 x | 6.27 x | 13.3 x | 1.06 x | 1 x | 0.74 x | 0.69 x | 0.63 x |
| EV / Revenue | 2.94 x | 12.9 x | 29.9 x | 3.68 x | 2.59 x | 2.03 x | 1.89 x | 1.71 x |
| EV / EBITDA | 9.81 x | -15.8 x | -11.2 x | -26.5 x | 11.9 x | 8.38 x | 7.59 x | 6.62 x |
| EV / FCF | 102 x | -4.72 x | -6.01 x | -11.3 x | -29.8 x | 20.1 x | -42.3 x | 314 x |
| FCF Yield | 0.98% | -21.2% | -16.6% | -8.83% | -3.36% | 4.97% | -2.37% | 0.32% |
| Price to Book | 1.91 x | 1.39 x | 3.55 x | 74.9 x | 28.3 x | 7.95 x | 4.05 x | 1.84 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 | 16.09 | 16.09 | 16.09 |
| 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 | 9,326 | 9,998 | 10,930 |
| EBITDA 1 | 1,935 | -1,045 | -1,724 | -673.9 | 1,861 | 2,263 | 2,493 | 2,824 |
| EBIT 1 | 1,289 | -1,672 | -2,425 | -1,423 | 1,052 | 1,348 | 1,548 | 1,811 |
| Operating Margin | 19.94% | -130.62% | -374.18% | -29.38% | 12.31% | 14.46% | 15.48% | 16.57% |
| Earnings before Tax (EBT) 1 | 911.4 | -4,000 | -4,501 | -2,277 | 163.2 | 555.6 | 783.7 | 1,063 |
| Net income 1 | 930.2 | -4,013 | -4,507 | -2,270 | 166.2 | 546.5 | 756.7 | 1,005 |
| Net margin | 14.39% | -313.5% | -695.48% | -46.86% | 1.94% | 5.86% | 7.57% | 9.2% |
| EPS 2 | 4.300 | -15.75 | -12.33 | -5.410 | 0.3900 | 1.116 | 1.535 | 1.990 |
| Free Cash Flow 1 | 185.4 | -3,503 | -3,221 | -1,574 | -744.6 | 942 | -447.6 | 59.5 |
| FCF margin | 2.87% | -273.67% | -497.06% | -32.49% | -8.71% | 10.1% | -4.48% | 0.54% |
| FCF Conversion (EBITDA) | 9.58% | - | - | - | - | 41.63% | - | 2.11% |
| FCF Conversion (Net income) | 19.93% | - | - | - | - | 172.38% | - | 5.92% |
| 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 | 2,374 | 2,692 | 2,061 | 2,261 | 2,521 |
| EBITDA 1 | -467.9 | -476.2 | -184.5 | 28.1 | -41.38 | 234.2 | 514.8 | 752.1 | 359.6 | 464 | 560.1 | 841.4 | 397.5 | 496 | 614.9 |
| EBIT 1 | -650.9 | -655.3 | -366.1 | -158.1 | -243.5 | 39.45 | 317.7 | 547.5 | 147.6 | 241.1 | 334.3 | 602.1 | 173.1 | 261.1 | 381.7 |
| Operating Margin | -133.53% | -125.54% | -30.83% | -9.79% | -16.03% | 2.17% | 14.4% | 21.59% | 7.43% | 11% | 14.08% | 22.36% | 8.4% | 11.55% | 15.14% |
| 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 | 133.1 | 423.5 | -23.11 | - | - |
| Net income 1 | -1,573 | -982.7 | -509.3 | -295.4 | -482.5 | -159.3 | 86.12 | 345.9 | -106.5 | 17.35 | 136.9 | 423 | -22.86 | 81.76 | - |
| Net margin | -322.65% | -188.28% | -42.9% | -18.28% | -31.76% | -8.74% | 3.9% | 13.64% | -5.36% | 0.79% | 5.77% | 15.71% | -1.11% | 3.62% | - |
| EPS 2 | -4.010 | -2.350 | -1.220 | -0.7000 | -1.140 | -0.3800 | 0.2000 | 0.7100 | -0.2500 | 0.0400 | 0.2680 | 0.8540 | -0.0567 | 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 | 12,068 | 12,011 | 11,783 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.384 x | -8.143 x | -6.207 x | -18.81 x | 7.339 x | 5.333 x | 4.818 x | 4.173 x |
| Free Cash Flow 1 | 185 | -3,503 | -3,221 | -1,574 | -745 | 942 | -448 | 59.5 |
| ROE (net income / shareholders' equity) | 17.6% | -40.5% | -86.9% | -156% | 161% | 97.7% | 54.2% | 39.2% |
| ROA (Net income/ Total Assets) | 6.91% | -12.5% | -24.3% | -12.2% | 1.57% | 3.37% | 4.44% | 4.98% |
| Assets 1 | 13,472 | 31,991 | 18,565 | 18,644 | 10,585 | 16,219 | 17,036 | 20,200 |
| Book Value Per Share 2 | 30.60 | 18.30 | 5.840 | 0.1600 | 0.7100 | 2.020 | 3.970 | 8.740 |
| 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 | 822 | 2,167 | 1,760 |
| Capex / Sales | 25.33% | 73.95% | 116.18% | 36.83% | 32.17% | 8.82% | 21.67% | 16.1% |
| 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
16.09
USD
Average target price
21.23
USD
Spread / Average Target
+31.92%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -19.16% | 6.9B | |
| +9.46% | 36.46B | |
| -21.47% | 17.93B | |
| +4.93% | 579M | |
| -34.78% | 385M |
- Stock Market
- Equities
- NCLH Stock
- Financials Norwegian Cruise Line Holdings Ltd.