Royal Caribbean Cruises
Market Cap
US$26.0b
Last Updated
2019/06/15 00:14 UTC
Data Sources
Company Financials +
Executive Summary
Royal Caribbean Cruises Ltd. operates as a cruise company.
Snowflake
Fundamentals
Good value with proven track record.
Similar Companies
Share Price & News
How has Royal Caribbean Cruises's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.6%
NYSE:RCL
1.7%
US Hospitality
0.5%
US Market
1 Year Return
8.4%
NYSE:RCL
-10.8%
US Hospitality
0.8%
US Market
RCL outperformed the Hospitality industry which returned -10.7% over the past year.
RCL outperformed the Market in United States of America which returned 1% over the past year.
Share holder returns
| RCL | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 1.7% | 0.5% |
| 30 Day | -1.3% | -1.4% | 0.2% |
| 90 Day | 5.9% | 1.9% | 1.1% |
| 1 Year | 11.0%8.4% | -8.7%-10.8% | 3.0%0.8% |
| 3 Year | 77.7%66.3% | 49.9%40.5% | 47.3%37.4% |
| 5 Year | 143.4%120.3% | 35.1%20.1% | 54.7%37.5% |
Price Volatility Vs. Market
How volatile is Royal Caribbean Cruises's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Is Now The Time To Look At Buying Royal Caribbean Cruises Ltd. (NYSE:RCL)?1 week ago | Simply Wall St
Is Royal Caribbean Cruises Ltd.'s (NYSE:RCL) CEO Salary Justified?2 weeks ago | Simply Wall St
Did Royal Caribbean Cruises Ltd. (NYSE:RCL) Use Debt To Deliver Its ROE Of 16%?Valuation
Is Royal Caribbean Cruises undervalued based on future cash flows and its price relative to the stock market?
>50%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Royal Caribbean Cruises's share price is below the future cash flow value, and at a moderate discount (> 20%).
Royal Caribbean Cruises's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Royal Caribbean Cruises is good value based on earnings compared to the US Hospitality industry average.
Royal Caribbean Cruises is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Royal Caribbean Cruises is poor value based on expected growth next year.
Price Based on Value of Assets
Royal Caribbean Cruises is overvalued based on assets compared to the US Hospitality industry average.
Next Steps
Future Growth
How is Royal Caribbean Cruises expected to perform in the next 1 to 3 years based on estimates from 19 analysts?
13.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Royal Caribbean Cruises's revenue is expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
Royal Caribbean Cruises's earnings are expected to grow by 13.4% yearly, however this is not considered high growth (20% yearly).
Royal Caribbean Cruises's revenue growth is expected to exceed the United States of America market average.
Royal Caribbean Cruises's earnings growth is positive but not above the United States of America market average.
Royal Caribbean Cruises's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Royal Caribbean Cruises is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Royal Caribbean Cruises performed over the past 5 years?
26.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Royal Caribbean Cruises has delivered over 20% year on year earnings growth in the past 5 years.
Royal Caribbean Cruises's 1-year earnings growth is less than its 5-year average (13.1% vs 26.6%)
Royal Caribbean Cruises's earnings growth has exceeded the US Hospitality industry average in the past year (13.1% vs 1%).
Return on Equity
Royal Caribbean Cruises has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Royal Caribbean Cruises used its assets more efficiently than the US Hospitality industry average last year based on Return on Assets.
Return on Capital Employed
Royal Caribbean Cruises has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Royal Caribbean Cruises's financial position?
Financial Position Analysis
Royal Caribbean Cruises's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Royal Caribbean Cruises's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Royal Caribbean Cruises's level of debt (87.4%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (91.7% vs 87.4% today).
Debt is well covered by operating cash flow (35.2%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.
Next Steps
Dividend
What is Royal Caribbean Cruises's current dividend yield, its reliability and sustainability?
2.43%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Royal Caribbean Cruises's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
Royal Caribbean Cruises's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Whilst dividend payments have been stable, Royal Caribbean Cruises has been paying a dividend for less than 10 years.
Dividend payments have increased, but Royal Caribbean Cruises only paid a dividend in the past 8 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).
Next Steps
Management
What is the CEO of Royal Caribbean Cruises's salary, the management and board of directors tenure and is there insider trading?
6.1yrs
Average management tenure
CEO
Richard Fain (70yo)
31.2yrs
Tenure
US$12,422,715
Compensation
Mr. Richard D. Fain has been the Chief Executive Officer at Royal Caribbean Cruises Ltd. since April 1988. Mr. Fain serves as the Chief Executive Officer of Azamara Club Cruises, Inc. Prior to Royal Caribb ...
CEO Compensation Analysis
Richard's remuneration is about average for companies of similar size in United States of America.
Richard's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
6.1yrs
Average Tenure
59yo
Average Age
The average tenure for the Royal Caribbean Cruises management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
12.0yrs
Average Tenure
67.5yo
Average Age
The average tenure for the Royal Caribbean Cruises board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
Royal Caribbean Cruises insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior VP |
| Shares | 4,134 |
| Max Price | US$128.20 |
| Entity | Individual |
| Shares | 2,700 |
| Max Price | US$126.49 |
| Entity | Individual |
| Shares | 420 |
| Max Price | US$119.50 |
| Entity | Individual |
| Role | Senior VP |
| Shares | 5,909 |
| Max Price | US$119.46 |
| Entity | Individual |
| Shares | 510 |
| Max Price | US$118.77 |
| Entity | Individual |
| Role | President & CEO of Celebrity Cruises |
| Shares | 14,187 |
| Max Price | US$120.75 |
| Entity | Individual |
| Role | Executive VP & CFO |
| Shares | 13,000 |
| Max Price | US$121.79 |
| Entity | Individual |
| Role | Executive Vice President of Maritime & Newbuilding |
| Shares | 8,642 |
| Max Price | US$117.90 |
| Entity | Individual |
| Role | President & CEO of Royal Caribbean International |
| Shares | 20,084 |
| Max Price | US$117.72 |
| Entity | Individual |
| Role | President & CEO of Royal Caribbean International |
| Shares | 7,115 |
| Max Price | US$116.47 |
| Entity | Company |
| Shares | 4,800,000 |
| Max Price | US$115.57 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 18,900 |
| Max Price | US$105.60 |
| Entity | Individual |
| Shares | 1,578 |
| Max Price | US$106.58 |
| Entity | Individual |
| Role | Executive Vice President of Maritime & Newbuilding |
| Shares | 6,600 |
| Max Price | US$125.55 |
Ownership Breakdown
Management Team
Henry Pujol (50yo)
Senior VP
- Tenure: 6.1yrs
Harri Kulovaara (65yo)
Executive Vice President of Maritime & Newbuilding
- Tenure: 14.4yrs
- Compensation: $3.84m
Ian Bailey
Vice President of Investor Relations
- Tenure: 10.7yrs
Lisa Lutoff-Perlo (60yo)
President & CEO of Celebrity Cruises
- Tenure: 4.5yrs
- Compensation: $3.84m
Richard Fain (70yo)
Chairman & CEO
- Tenure: 31.2yrs
- Compensation: $12.42m
Laura Miller (53yo)
Chief Human Resources Officer & Senior VP
- Tenure: 1.4yrs
Michael Bayley (59yo)
President & CEO of Royal Caribbean International
- Tenure: 4.5yrs
- Compensation: $5.72m
Martha Poulter (51yo)
Senior VP & Chief Information Officer
- Tenure: 1.5yrs
Jason Liberty (42yo)
Executive VP & CFO
- Tenure: 6.1yrs
- Compensation: $4.75m
Bradley Stein (62yo)
Senior VP
- Tenure: 12.9yrs
Board Members
John Brock (69yo)
Independent Director
- Tenure: 5.3yrs
- Compensation: $284.99k
Richard Fain (70yo)
Chairman & CEO
- Tenure: 31.2yrs
- Compensation: $12.42m
Tom Pritzker (68yo)
Independent Director
- Tenure: 20.3yrs
- Compensation: $266.70k
Eyal Ofer (67yo)
Independent Director
- Tenure: 24.1yrs
- Compensation: $271.71k
Ann Moore (67yo)
Independent Director
- Tenure: 7.1yrs
- Compensation: $266.70k
Bill Kimsey (76yo)
Lead Director
- Tenure: 5.8yrs
- Compensation: $383.13k
Arne Wilhelmsen (52yo)
Independent Director
- Tenure: 16.1yrs
- Compensation: $264.20k
Vagn Sørensen (59yo)
Independent Director
- Tenure: 7.9yrs
- Compensation: $294.20k
Bill Reilly (78yo)
Independent Director
- Tenure: 21.4yrs
- Compensation: $266.70k
Don Thompson (54yo)
Independent Director
- Tenure: 4.1yrs
- Compensation: $318.95k
Company Information
Royal Caribbean Cruises Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Royal Caribbean Cruises Ltd.
- Ticker: RCL
- Exchange: NYSE
- Founded: 1968
- Industry: hotels, resorts and cruise lines
- Sector: consumer services
- Market Cap: US$26.024b
- Shares outstanding: 209.65m
- Website: Click here
Number of Employees
Location
- Royal Caribbean Cruises Ltd.
- 1050 Caribbean Way
- Miami
- Florida
- 33132
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RCL | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1970 |
| RC8 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1970 |
| 0I1W | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1970 |
| RCL * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1970 |
Biography
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The R ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/06/15 00:14 |
| End of Day Share Price | 2019/06/14 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
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.