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Norwegian Cruise Line Holdings Ltd (NCLH)

割安
Consumer CyclicalTravel ServicesUnited States

ファンダメンタル

58

株価

$14.58

時価総額

$6.57B

パート1 · 企業の価値

概要

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.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users

P/E: 16.4Score: 65Market cap: $64.88B

Named by Norwegian in its 10-K as a primary competitor, Royal Caribbean sells contemporary and premium ocean cruises to the same North American and European vacationers through the same travel-agent and direct channels.

P/E: 11.0Score: 63Market cap: $29.84B

The other competitor Norwegian names first in its 10-K: Carnival's brands (Carnival Cruise Line, Princess, Holland America, Costa) target the same contemporary and premium cruise passengers on the same Caribbean, Alaska and Mediterranean itineraries.

P/E: 26.7Score: 64Market cap: $25.29B

Cited by Norwegian as a competitor through Viking Ocean Cruises, it competes for the same affluent, destination-focused passengers that Norwegian serves with its Oceania Cruises and Regent Seven Seas premium and luxury brands.

MSC Cruises S.A.Not tracked

Privately held by the Aponte family, MSC is the fourth large ocean operator Norwegian lists in its 10-K and competes head-on for Caribbean and Mediterranean passengers, increasingly in the US market with its Miami-based ships.

Virgin VoyagesNot tracked

Privately held (Virgin Group and Bain Capital), it is named in Norwegian's 10-K and targets the same adult, informal-cruising customer that Norwegian courts with its Freestyle Cruising positioning on Caribbean and Mediterranean sailings.

貸借対照表と流動性

売上高

$10.15B

直近12か月(2026/6/30まで)

純利益

$761M

直近12か月(2026/6/30まで)

フリーキャッシュフロー

$-1.17B

自己資本合計

$2.21B

負債合計

$20.33B

流動比率

0.20

利払い倍率

-

負債/EBITDA

5.87

一株当たり利益(EPS)

売上高と純利益

フリーキャッシュフロー

収益内訳

財務推移表

利益率の推移

負債の推移

負債の重さ

成長率グリッド

成長率 — 売上高

適正価値の推定

一般的なケース割安

適正価値

$19.46

現在株価

$14.58

安全マージン

+25.1%

適正価値レンジ

$16.67 - $22.25

使用した評価手法間のばらつきであり、統計的に較正された信頼区間ではありません。

推定方法

アナリストの目標株価:$20.20
ディスカウンテッド・キャッシュフロー(DCF):$18.73
利益倍率(P/E):$15.36
グレアムの成長公式:$26.86
収益力価値(EPV):$15.08
正当化されたP/B:$11.10
配当割引モデル(ゴードン):算出に必要なデータが不足しています
P/FFO(運用から生まれる資金):$55.24
中間サイクル利益:$47.47
売上高倍率:$37.52
アナリスト・コンセンサス:買い (14B / 19H / 1S)
直近の決算サプライズ:+20.36%

バリュエーション指標

P/E レシオ

8.88

ROE

19.2%

P/B レシオ

2.62

P/FCF

-

粗利益率

42.5%

ROIC

6.8%

収益性レーダー

価値創造(経済的モート)

ROIC

6.8%

WACC

4.5%

ROIC − WACC

+2.3 pp

ROICが資本コストを上回っています。企業は株主のために価値を創出しています。

ファンダメンタル分析基準

合格(14)

  • EPS shows upward trend
  • ROIC 6.8%
  • Gross Margin 42.5%
  • P/B Ratio 2.62
  • 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

不合格(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%

データなし(5)

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

Piotroski F-スコア

7/9

財務健全性が高い

score
criteria

利益の質

2.77

高品質:利益はキャッシュに裏付けられている

株式希薄化

-4.5%

株式を買い戻している。株主に友好的

機関投資家の保有

この企業について機関投資家の報告はありません。

ガバナンス

経営陣

氏名役職年齢
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

監査リスク

5

取締役会リスク

9

報酬リスク

5

株主権利リスク

3

パート2 · 株価と買い時

この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容:テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。

書類

  • 年次報告書(10-K)

    事業内容、財務実績、リスクをまとめた年次の概要。

    提出日: 2026-03-02

    書類を見る
  • 四半期報告書(10-Q)

    直近3か月間の業績に関する最新情報。

    提出日: 2026-08-03

    書類を見る
  • 臨時報告書(8-K)

    経営陣の交代や重要な発表など、大きな出来事に関するお知らせ。

    提出日: 2026-09-30

    書類を見る

via SEC EDGAR

業績推移

via SEC EDGAR

Latest News

Recent headlines for NCLH, sourced from 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