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Norwegian Cruise Line Holdings Ltd (NCLH)

Fair Value
Consumer CyclicalTravel ServicesUnited States

Fondamentale

58

Prezzo

$14.76

Capitalizzazione

$6.57B

Parte 1 · Quanto vale l'azienda

Panoramica

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii. The company also provides features, amenities, and activities, including various accommodations, dining venues, bars and lounges, spas, casino and retail shopping areas, and entertainment choices; shore excursions at each port of call, and air transportation and hotel packages for stays before or after a voyage. It offers its products and services under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company was founded in 1966 and is based in Miami, Florida.

Per questa società non c'è ancora una scheda redazionale

Concorrenti diretti

Con chi questa società si contende gli stessi clienti

Confronta

Generato il 19 settembre 2026 con claude-haiku-4-5 — condiviso con tutti gli utenti

P/E: 16.7Punteggio: 65Capitalizzazione: $64.88B

Norwegian la indica nel proprio 10-K come concorrente principale: Royal Caribbean vende crociere oceaniche contemporanee e premium agli stessi vacanzieri nordamericani ed europei, attraverso le stesse agenzie e gli stessi canali diretti.

P/E: 11.2Punteggio: 63Capitalizzazione: $29.84B

È l'altro concorrente che Norwegian cita per primo nel 10-K: i marchi di Carnival (Carnival Cruise Line, Princess, Holland America, Costa) si rivolgono agli stessi passeggeri dei segmenti contemporary e premium, sugli stessi itinerari fra Caraibi, Alaska e Mediterraneo.

P/E: 26.7Punteggio: 64Capitalizzazione: $25.29B

Citata da Norwegian come concorrente tramite Viking Ocean Cruises, si contende il pubblico benestante e attento alle destinazioni che Norwegian serve con i marchi premium e lusso Oceania Cruises e Regent Seven Seas.

MSC Cruises S.A.Non tracciato

Di proprietà privata della famiglia Aponte, MSC è il quarto grande operatore oceanico elencato da Norwegian nel 10-K e si contende direttamente i passeggeri di Caraibi e Mediterraneo, sempre più anche sul mercato statunitense con le navi basate a Miami.

Virgin VoyagesNon tracciato

Società privata (Virgin Group e Bain Capital), è nominata nel 10-K di Norwegian e punta allo stesso cliente adulto e informale che Norwegian corteggia con il posizionamento Freestyle Cruising sulle rotte caraibiche e mediterranee.

Stato Patrimoniale e Liquidità

Ricavi

$10.15B

Ultimi 12 mesi (al 30/06/2026)

Utile Netto

$761M

Ultimi 12 mesi (al 30/06/2026)

Free Cash Flow

$-1.17B

Patrimonio Netto Totale

$2.21B

Passività Totali

$20.33B

Rapporto di Liquidità

0.20

Copertura Interessi

-

Debito/EBITDA

5.87

Utile per Azione

Ricavi e Utile Netto

Free Cash Flow

Scomposizione Ricavi

Prospetto storico

Margini nel tempo

Il debito nel tempo

Quanto pesa il debito

Griglia della crescita

Crescita — Ricavi

Stima del Fair Value

Caso generaleCorrettamente Valutato

Fair Value

$19.46

Prezzo Attuale

$14.76

Margine di Sicurezza

+24.1%

Range Fair Value

$16.67 - $22.25

Intervallo di dispersione tra i metodi di valutazione usati, non una stima statisticamente calibrata.

Metodi di Stima

Target degli analisti:$20.20
Flussi di cassa scontati (DCF):$18.73
Multiplo sugli utili (P/E):$15.36
Formula di Graham:$26.86
Valore della capacità di reddito (EPV):$15.08
P/B giustificato:$11.10
Sconto dei dividendi (Gordon):Dati insufficienti per calcolarlo
P/FFO, i fondi da operazioni:$55.24
Utili di mezzo ciclo:$47.00
Multiplo sui ricavi:$37.60
Consenso Analisti:Buy (14B / 19H / 1S)
Ultima Sorpresa Utili:+20.36%

Metriche di Valutazione

Rapporto P/E

8.87

ROE

19.2%

Rapporto P/B

2.61

P/FCF

-

Margine Lordo

42.5%

ROIC

6.8%

Radar Redditività

Creazione di Valore (Vantaggio Competitivo)

ROIC

6.8%

WACC

4.5%

ROIC − WACC

+2.3 pp

Il ROIC supera il costo del capitale: l'azienda sta creando valore per gli azionisti.

Criteri di Analisi Fondamentale

Superati (14)

  • EPS shows upward trend
  • ROIC 6.8%
  • Gross Margin 42.5%
  • P/B Ratio 2.61
  • Operating Margin 15.1%
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 32.4%
  • Revenue Growth 5Y 50.3%
  • Earnings Surprise avg 21.4%
  • Earnings Quality (OCF/NI) 2.77
  • Share Dilution -4.5%
  • Piotroski F-Score 7/9

Non superati (9)

  • EPS CAGR 1.87%
  • Price CAGR -10.01%
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Current Ratio
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Analyst Consensus 41% Buy
  • Net Margin Trend 7.5% vs 7.5%

Non disponibili (5)

  • P/FCF NaN
  • Dividend Payout NaN%
  • CapEx intensity
  • Interest Coverage
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

7/9

Salute finanziaria forte

score
criteria

Qualità degli Utili

2.77

Alta qualità: utili supportati da cash

Diluizione Azionaria

-4.5%

Riacquisto azioni. Favorevole agli azionisti

Partecipazioni istituzionali

Nessuna dichiarazione istituzionale per questa azienda.

Governance

Team Dirigenziale

NomeRuoloEtà
Mr. John W. Chidsey III, J.D.President, CEO & Chairman62
Mr. Mark A. KempaExecutive VP & CFO53
Mr. Daniel S. Farkas J.D.Executive VP, General Counsel, Chief Development Officer & Secretary56
Mr. Jason M. MontagueChief Luxury Officer51
Captain Patrik DahlgrenExecutive VP and Chief Vessel Operations & Newbuild Officer48
Ms. Faye L. AshbySenior VP & Chief Accounting Officer53
Mr. Daniel P. HenryExecutive VP and Chief Digital & Technology Officer54
Ms. Sarah InmonHead of Investor Relations & Corporate Communications-
Mr. Todd HamiltonSenior Vice President of Sales-
Mr. Lee D. ApplbaumChief Marketing Officer54

Rischio Audit

5

Rischio CdA

9

Rischio Compensi

5

Rischio Diritti Azionisti

3

Parte 2 · Il prezzo e il momento d'ingresso

Questa parte non serve a capire se l'azienda vale: serve a scegliere quando comprarla, dopo che i fondamentali ti hanno convinto. Dentro: analisi tecnica, potenziale, drawdown storici, esposizione gamma.

Documenti

  • Relazione annuale (10-K)

    Una panoramica annuale del business, dei risultati finanziari e dei rischi dell'azienda.

    Depositato il 2026-03-02

    Vedi documento
  • Relazione trimestrale (10-Q)

    Un aggiornamento sull'andamento finanziario degli ultimi tre mesi.

    Depositato il 2026-08-03

    Vedi documento
  • Comunicazione price-sensitive (8-K)

    Una comunicazione su un evento importante, come un cambio ai vertici o un grande annuncio.

    Depositato il 2026-09-30

    Vedi documento

via SEC EDGAR

Storico Ricavi

via SEC EDGAR

Ultime Notizie

Ultime notizie per NCLH, da Markets Gazette.

  • 3/16/2026NEGATIVE
    Northern Right Dumps 790,000 NCLH Shares Worth $19.5 Million

    Northern Right has divested 790,000 shares of Norwegian Cruise Line Holdings (NCLH), a transaction valued at approximately $19.5 million. This significant sell-off by a major shareholder suggests a potential lack of confidence or a strategic shift, which could weigh on the stock's short-term performance. Investors will be monitoring NCLH's upcoming earnings reports and management commentary for signs of underlying business challenges or strategic adjustments to counter this bearish sentiment.

  • 3/8/2026NEUTRAL
    Why Norwegian Cruise Lines Surged in February, Only to Retreat Again in March

    Norwegian Cruise Line Holdings Ltd. (NCLH) experienced a significant surge in stock price throughout February, attracting investor attention. However, this upward momentum reversed in early March, leading to a notable pullback. The article questions whether this recent decline presents a buying opportunity for investors, suggesting a period of volatility and potential re-evaluation of the stock's valuation after its earlier gains. Further analysis is needed to determine the underlying causes of both the February rally and the subsequent March retreat.

  • 3/6/2026NEGATIVE
    Why Norwegian Cruise Lines Sank This Week

    Norwegian Cruise Line Holdings Ltd. experienced a significant decline this week, despite reporting earnings that met expectations. The primary drivers for the sell-off appear to be the company's forward guidance and prevailing geopolitical concerns. Investors reacted negatively to the outlook provided by management, suggesting potential headwinds or a less optimistic future revenue stream. The broader geopolitical landscape also contributed to market uncertainty, impacting travel and leisure stocks. This combination of cautious future projections and external risks has led to a substantial drop in NCLH's stock price.

  • 3/3/2026NEGATIVE
    Norwegian Cruise Line Sinks on Earnings, War and Oil: Can It Hope to Float Again?

    Norwegian Cruise Line Holdings Ltd. (NCLH) shares have underperformed significantly, remaining down approximately 60% from pre-pandemic levels. This persistent decline is attributed to ongoing operational challenges and substantial debt burdens that have hindered the company's recovery post-2020. The article highlights that NCLH has been the laggard among major cruise operators, with rivals Carnival and Royal Caribbean showing better recovery trajectories. Investors are cautioned about the company's ability to regain its footing amid these headwinds, suggesting a challenging outlook for the stock.

  • 3/2/2026NEGATIVE
    Why Norwegian Cruise Line Holdings Stock Sank Today

    Norwegian Cruise Line Holdings experienced a notable decline in its stock value today, as the ongoing conflict in the Middle East presents a significant two-pronged threat to the cruise industry. Escalating geopolitical tensions in regions crucial for tourism and maritime trade are fueling investor concerns. The primary worries revolve around potential increases in operational costs, particularly fuel expenses, and a possible reduction in travel demand due to heightened uncertainty and perceived risks. Analysts suggest that this situation could erode profit margins and hinder the sector's post-pandemic recovery, placing considerable pressure on the company's financial performance.

  • 3/2/2026NEUTRAL
    Norwegian Cruise (NCLH) Earnings Call Transcript

    Investors in Norwegian Cruise Line Holdings Ltd. (NCLH) were anticipating the release of the earnings call transcript, scheduled for March 2, 2026. However, the detailed content of this transcript has not been made available. This lack of information prevents a thorough analysis of the company's recent financial performance and future outlook, leaving market participants awaiting further clarification. Typically, such documents provide crucial insights into revenues, profits, guidance, and corporate strategies, which are fundamental elements for investment decisions in the cruise sector.

  • 2/26/2026NEGATIVE
    Norwegian Cruise Line Sails Into the Next Phase of Travel Recovery With Premium Demand in Focus

    Benchstone Capital divested its entire stake in Norwegian Cruise Line during the fourth quarter, a move that signals potential institutional caution as the cruise industry navigates deeper into its post-reopening recovery phase. While Norwegian Cruise Line is strategically focusing on premium and luxury brands to sustain revenue strength amidst a normalizing broader travel surge, the exit of a capital firm suggests that the market might perceive underlying risks or limited upside potential. Investors should closely observe the company's execution of its high-end strategy and its ability to counteract potential pressures from normalizing travel demand and significant capital divestment.

via Markets Gazette