NYSE:NCLH

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Norwegian Cruise Line Holdings

Executive Summary

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in the North America, Europe, the Asia-Pacific, and internationally. More Details


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Norwegian Cruise Line Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NCLH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.2%

NCLH

-0.09%

US Hospitality

-1.1%

US Market


1 Year Return

-68.6%

NCLH

-16.2%

US Hospitality

15.6%

US Market

Return vs Industry: NCLH underperformed the US Hospitality industry which returned -13.5% over the past year.

Return vs Market: NCLH underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

NCLHIndustryMarket
7 Day-3.2%-0.09%-1.1%
30 Day-0.6%-0.2%4.2%
90 Day15.3%14.5%6.3%
1 Year-68.6%-68.6%-14.8%-16.2%18.2%15.6%
3 Year-70.4%-70.4%-10.3%-16.0%39.6%30.4%
5 Year-72.7%-72.7%14.7%2.6%79.5%59.2%

Price Volatility Vs. Market

How volatile is Norwegian Cruise Line Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Norwegian Cruise Line Holdings undervalued compared to its fair value and its price relative to the market?

19.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NCLH ($16.8) is trading below our estimate of fair value ($20.54)

Significantly Below Fair Value: NCLH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NCLH is unprofitable, so we can't compare its PE Ratio to the US Hospitality industry average.

PE vs Market: NCLH is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NCLH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NCLH is good value based on its PB Ratio (1x) compared to the US Hospitality industry average (2.4x).


Next Steps

Future Growth

How is Norwegian Cruise Line Holdings forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

87.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NCLH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: NCLH is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NCLH's is expected to become profitable in the next 3 years.

Revenue vs Market: NCLH's revenue (37.6% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: NCLH's revenue (37.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NCLH's Return on Equity is forecast to be low in 3 years time (8.9%).


Next Steps

Past Performance

How has Norwegian Cruise Line Holdings performed over the past 5 years?

-14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NCLH is currently unprofitable.

Growing Profit Margin: NCLH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NCLH is unprofitable, and losses have increased over the past 5 years at a rate of 14.4% per year.

Accelerating Growth: Unable to compare NCLH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NCLH is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-46.5%).


Return on Equity

High ROE: NCLH has a negative Return on Equity (-46.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Norwegian Cruise Line Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: NCLH's short term assets ($2.8B) exceed its short term liabilities ($2.6B).

Long Term Liabilities: NCLH's short term assets ($2.8B) do not cover its long term liabilities ($10.6B).


Debt to Equity History and Analysis

Debt Level: NCLH's debt to equity ratio (238.6%) is considered high.

Reducing Debt: NCLH's debt to equity ratio has increased from 154.2% to 238.6% over the past 5 years.

Debt Coverage: NCLH's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if NCLH's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Norwegian Cruise Line Holdings's current dividend yield, its reliability and sustainability?

0.086%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NCLH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NCLH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NCLH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NCLH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NCLH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Frank Del Rio (65 yo)

5.75yrs

Tenure

US$17,808,364

Compensation

Mr. Frank J. Del Rio has been Chief Executive Officer and President at NCL Corporation Ltd. since January 8, 2015. Mr. Del Rio has been the Chief Executive Officer and President of Norwegian Cruise Line Ho ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD17.81M) is above average for companies of similar size in the US market ($USD5.60M).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Frank Del Rio
President5.75yrsUS$17.81m0.11%
$ 5.2m
Mark Kempa
Executive VP & CFO2.58yrsUS$4.00m0.011%
$ 515.4k
Robert Binder
Vice Chairman of Oceania Cruises & Regent and CEO & President of Oceania Cruises5.42yrsUS$5.83m0.033%
$ 1.5m
Jason Montague
President & CEO of Regent Seven Seas Cruises5.83yrsUS$4.01m0.023%
$ 1.1m
Faye Ashby
Senior VP & Chief Accounting Officer4.67yrsno data0.0083%
$ 384.8k
Andrea DeMarco
Vice President of Investor Relations & Corporate Communicationsno datano datano data
Daniel Farkas
Executive VP12.67yrsno data0.022%
$ 1.0m
Alex Xiang
Managing Director of China operationsno datano datano data
David Herrera
Senior Vice President of Strategy & Corporate Development2.67yrsno datano data
Robert Becker
Executive Vice Presidentno dataUS$1.31mno data
Camille Olivere
Senior Vice President of Sales - Norwegian Cruise Line3.92yrsno datano data
T. Lindsay
Executive Vice President of Vessel Operations5.75yrsUS$5.34m0.042%
$ 2.0m

4.7yrs

Average Tenure

53.5yo

Average Age

Experienced Management: NCLH's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Frank Del Rio
President5.75yrsUS$17.81m0.11%
$ 5.2m
Robert Binder
Vice Chairman of Oceania Cruises & Regent and CEO & President of Oceania Cruises5.42yrsUS$5.83m0.033%
$ 1.5m
John Chidsey
Independent Director7.5yrsUS$304.98k0.010%
$ 461.2k
Adam Aron
Director12.75yrsUS$269.98k0.0035%
$ 163.9k
Pamela Thomas-Graham
Independent Director2.5yrsUS$274.98k0.0019%
$ 86.6k
Scott Dahnke
Independent Director0.25yrno data0.022%
$ 1.0m
Stella David
Independent Director3.75yrsUS$239.98k0.0056%
$ 257.0k
Russell Galbut
Independent Chairman of the Board2.33yrsUS$319.98k0.16%
$ 7.3m
Chad Leat
Independent Director4.92yrsUS$299.98k0.0079%
$ 366.3k
David Abrams
Independent Director6.5yrsUS$279.98k0.0071%
$ 327.8k
Mary Landry
Independent Director2.33yrsUS$287.70kno data

4.9yrs

Average Tenure

58yo

Average Age

Experienced Board: NCLH's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.9%.


Top Shareholders

Company Information

Norwegian Cruise Line Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Norwegian Cruise Line Holdings Ltd.
  • Ticker: NCLH
  • Exchange: NYSE
  • Founded: 1966
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: US$4.630b
  • Shares outstanding: 275.62m
  • Website: https://www.nclhltdinvestor.com

Number of Employees


Location

  • Norwegian Cruise Line Holdings Ltd.
  • 7665 Corporate Center Drive
  • Miami
  • Florida
  • 33126
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NCLHNYSE (New York Stock Exchange)YesNew Ordinary SharesUSUSDJan 2013
1NCDB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURJan 2013
NCLH NBMV (Bolsa Mexicana de Valores)YesNew Ordinary SharesMXMXNJan 2013
NCLHWBAG (Wiener Boerse AG)YesNew Ordinary SharesATEURJan 2013
0UC3LSE (London Stock Exchange)YesNew Ordinary SharesGBUSDJan 2013
N1CL34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COMBRBRLDec 2019

Biography

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in the North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cru ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 23:58
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.