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Company Analysis

Norwegian Cruise Line Holdings NCLH

A comprehensive view of key metrics, scores, and financial health for Norwegian Cruise Line Holdings

Overview of Norwegian Cruise Line Holdings Ltd.

NCLH NYQ
Consumer Cyclical Travel Services Framework: General Corporate Mid Cap
Norwegian Cruise Line Holdings Ltd. (NCLH), is a Mid Cap company, in the Travel Services industry, last closed at $17.94, about 35.6% undervalued vs fair value, -1.6% 1Y return, ranked 258/548 in sector.
Metrics P/E 25.2× Rev Growth 3.7% ROE 23.3% Gross Margin 42.6%
USD 17.94
2.11%
(Delayed)
• Vol 90d: 48.6%
52-Week Range
Market Cap
$8.24B
Enterprise Value
$23.06B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Weak
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Weak
Completeness: 88%
Confidence: 93%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.nclhltd.com
HQ Miami, FL
Employees 41,700
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$20
$24
$28
Current: $17.94 +36% vs base

Engine Room Money Flow™

Mid Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$9.8B
3.7%%
Gross Profit
$4.2B
10.5%%
Operating Income
$1.6B
6.5%%
Net Income
$423.2M
-53.5%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2025
-276.4%
Poor

Operating Cash Flow / Net Income

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
-
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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
4
Active Leaks
1/4
Improving
2
High Impact
2
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Norwegian Cruise Line Holdings 's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
40
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 1.00), with margins expanding over time.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 29.4th percentile with high volatility suggests weak pricing power or commoditized products.
  • Elevated Debt Risk Debt serviceability is weak (score 0.18), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
23
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 95% Coverage
Trade-Off Triangle Visualization A ternary plot showing NCLH's balance between Growth (38.9%), Profitability (44.8%), and Safety (16.4%). Growth 39% Safety 16% Profitability 45%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

60th percentile vs peers
60
Key Signals
Revenue CAGR 3Y 26.6% 88p Rev Growth YoY 3.7% 49p TSR 70.4% 89p EPS Growth YoY -49.9% 24p
Strengths
  • Revenue CAGR 3Y in top 20% of peers (26.6%, 88th percentile)
  • Superior capital returns - 3 return metrics above peer median
  • Growth above peer median with strong metric coverage (85%)
  • TSR in top 20% of peers (70.4%, 89th percentile)
Risks

No significant risks identified for this axis.

Profitability

69th percentile vs peers
69
Key Signals
Strengths
Risks
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Safety

25th percentile vs peers
25
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Norwegian Cruise Line Holdings .

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$24.33
- - -
+35.6% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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