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 | ||
| 19.04 USD | -1.60% |
|
+4.10% | -4.99% |
| Apr. 19 | Citigroup Adjusts Norwegian Cruise Line Holdings' Price Target to $19 From $20, Keeps Neutral Rating | MT |
| Apr. 15 | Milan rises; Israel will not respond to Tehran | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,427 | 8,027 | 8,646 | 5,158 | 8,526 | 8,105 | - | - |
| Enterprise Value (EV) 1 | 18,976 | 16,532 | 19,346 | 17,832 | 22,182 | 20,369 | 20,173 | 19,401 |
| P/E ratio | 13.6 x | -1.61 x | -1.68 x | -2.26 x | 51.4 x | 17.6 x | 12.6 x | 9.38 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.92 x | 6.27 x | 13.3 x | 1.06 x | 1 x | 0.87 x | 0.81 x | 0.74 x |
| EV / Revenue | 2.94 x | 12.9 x | 29.9 x | 3.68 x | 2.59 x | 2.18 x | 2.02 x | 1.77 x |
| EV / EBITDA | 9.81 x | -15.8 x | -11.2 x | -26.5 x | 11.9 x | 9.12 x | 8.14 x | 6.85 x |
| EV / FCF | 102 x | -4.72 x | -6.01 x | -11.3 x | -29.8 x | 22.3 x | -68.1 x | 36.3 x |
| FCF Yield | 0.98% | -21.2% | -16.6% | -8.83% | -3.36% | 4.48% | -1.47% | 2.76% |
| Price to Book | 1.91 x | 1.39 x | 3.55 x | 74.9 x | 28.3 x | 9.86 x | 5 x | 2.12 x |
| Nbr of stocks (in thousands) | 212,758 | 315,636 | 416,892 | 421,396 | 425,425 | 425,657 | - | - |
| Reference price 2 | 58.41 | 25.43 | 20.74 | 12.24 | 20.04 | 19.04 | 19.04 | 19.04 |
| 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 | 9,328 | 9,998 | 10,991 |
| EBITDA 1 | 1,935 | -1,045 | -1,724 | -673.9 | 1,861 | 2,232 | 2,478 | 2,834 |
| EBIT 1 | 1,289 | -1,672 | -2,425 | -1,423 | 1,052 | 1,320 | 1,536 | 1,816 |
| Operating Margin | 19.94% | -130.62% | -374.18% | -29.38% | 12.31% | 14.15% | 15.36% | 16.52% |
| Earnings before Tax (EBT) 1 | 911.4 | -4,000 | -4,501 | -2,277 | 163.2 | 537.3 | 757.1 | 1,110 |
| Net income 1 | 930.2 | -4,013 | -4,507 | -2,270 | 166.2 | 529.5 | 739.9 | 1,052 |
| Net margin | 14.39% | -313.5% | -695.48% | -46.86% | 1.94% | 5.68% | 7.4% | 9.57% |
| EPS 2 | 4.300 | -15.75 | -12.33 | -5.410 | 0.3900 | 1.080 | 1.512 | 2.030 |
| Free Cash Flow 1 | 185.4 | -3,503 | -3,221 | -1,574 | -744.6 | 912.5 | -296.1 | 535 |
| FCF margin | 2.87% | -273.67% | -497.06% | -32.49% | -8.71% | 9.78% | -2.96% | 4.87% |
| FCF Conversion (EBITDA) | 9.58% | - | - | - | - | 40.88% | - | 18.88% |
| FCF Conversion (Net income) | 19.93% | - | - | - | - | 172.35% | - | 50.87% |
| 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 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 153.1 | 487.4 | 521.9 | 1,187 | 1,616 | 1,519 | 1,822 | 2,205 | 2,536 | 1,986 | 2,236 | 2,343 | 2,680 | 2,071 | 2,299 |
| EBITDA 1 | -475 | -467.9 | -476.2 | -184.5 | 28.1 | -41.38 | 234.2 | 514.8 | 752.1 | 359.6 | 452.1 | 552 | 825.1 | 394.7 | 471.5 |
| EBIT 1 | -648.3 | -650.9 | -655.3 | -366.1 | -158.1 | -243.5 | 39.45 | 317.7 | 547.5 | 147.6 | 224.1 | 330.7 | 589.6 | 163.9 | 242.3 |
| Operating Margin | -423.49% | -133.53% | -125.54% | -30.83% | -9.79% | -16.03% | 2.17% | 14.4% | 21.59% | 7.43% | 10.02% | 14.11% | 22% | 7.91% | 10.54% |
| Earnings before Tax (EBT) 1 | -845.6 | -1,570 | -978.3 | -510.2 | -306.1 | -482.1 | -169.5 | 86.81 | 354.2 | -108.3 | 35.14 | 133.5 | 412.7 | -24.01 | 86 |
| Net income 1 | -845.9 | -1,573 | -982.7 | -509.3 | -295.4 | -482.5 | -159.3 | 86.12 | 345.9 | -106.5 | 29.57 | 124 | 412.3 | -30.32 | 91 |
| Net margin | -552.57% | -322.65% | -188.28% | -42.9% | -18.28% | -31.76% | -8.74% | 3.9% | 13.64% | -5.36% | 1.32% | 5.29% | 15.39% | -1.46% | 3.96% |
| EPS 2 | -2.290 | -4.010 | -2.350 | -1.220 | -0.7000 | -1.140 | -0.3800 | 0.2000 | 0.7100 | -0.2500 | 0.0632 | 0.2527 | 0.8422 | -0.0558 | 0.2000 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/3/21 | 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 | - | - | - | - | - |
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 | 12,264 | 12,068 | 11,297 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.384 x | -8.143 x | -6.207 x | -18.81 x | 7.339 x | 5.494 x | 4.871 x | 3.986 x |
| Free Cash Flow 1 | 185 | -3,503 | -3,221 | -1,574 | -745 | 913 | -296 | 535 |
| ROE (net income / shareholders' equity) | 17.6% | -40.5% | -86.9% | -156% | 161% | 95.7% | 62.5% | 41.2% |
| ROA (Net income/ Total Assets) | 6.91% | -12.5% | -24.3% | -12.2% | 1.57% | 3.1% | 4.12% | 5.16% |
| Assets 1 | 13,472 | 31,991 | 18,565 | 18,644 | 10,585 | 17,070 | 17,943 | 20,397 |
| Book Value Per Share 2 | 30.60 | 18.30 | 5.840 | 0.1600 | 0.7100 | 1.930 | 3.810 | 9.000 |
| Cash Flow per Share 2 | 8.420 | -10.00 | -6.750 | 0.5000 | 4.690 | 3.140 | 4.110 | - |
| Capex 1 | 1,637 | 947 | 753 | 1,784 | 2,750 | 805 | 2,120 | 1,860 |
| Capex / Sales | 25.33% | 73.95% | 116.18% | 36.83% | 32.17% | 8.63% | 21.21% | 16.92% |
| 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
23
Last Close Price
19.04
USD
Average target price
21.48
USD
Spread / Average Target
+12.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.99% | 8.1B | |
| +8.57% | 36.18B | |
| +4.64% | 573M | |
| -35.31% | 389M |
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- NCLH Stock
- Financials Norwegian Cruise Line Holdings Ltd.
