NORWEGIAN CRUISE LINE HOLDIN (NCLH) Stock Fundamental Analysis
NYSE:NCLH - New York Stock Exchange, Inc. - BMG667211046 - Common Stock - Currency: USD
NCLH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 136 industry peers in the Hotels, Restaurants & Leisure industry. NCLH has a medium profitability rating, but doesn't score so well on its financial health evaluation. NCLH may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
NCLH had positive earnings in the past year.
In the past year NCLH had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: NCLH reported negative net income in multiple years.
In multiple years NCLH reported negative operating cash flow during the last 5 years.
1.2 Ratios
NCLH's Return On Assets of 4.56% is fine compared to the rest of the industry. NCLH outperforms 66.91% of its industry peers.
NCLH has a better Return On Equity (63.86%) than 96.32% of its industry peers.
NCLH has a better Return On Invested Capital (8.16%) than 63.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.56% | ||
| ROE | 63.86% | ||
| ROIC | 8.16% |
ROA(3y)-2.27%
ROA(5y)-10.54%
ROE(3y)-1056.87%
ROE(5y)-689.6%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 9.60%, NCLH is in the better half of the industry, outperforming 72.79% of the companies in the same industry.
NCLH's Profit Margin has declined in the last couple of years.
NCLH's Operating Margin of 15.46% is fine compared to the rest of the industry. NCLH outperforms 68.38% of its industry peers.
In the last couple of years the Operating Margin of NCLH has declined.
With a Gross Margin value of 39.99%, NCLH is not doing good in the industry: 61.76% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of NCLH has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.46% | ||
| PM (TTM) | 9.6% | ||
| GM | 39.99% |
OM growth 3YN/A
OM growth 5Y-3.24%
PM growth 3YN/A
PM growth 5Y-7.78%
GM growth 3YN/A
GM growth 5Y-1.58%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NCLH is destroying value.
Compared to 1 year ago, NCLH has more shares outstanding
NCLH has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NCLH has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.25, we must say that NCLH is in the distress zone and has some risk of bankruptcy.
NCLH has a Altman-Z score of 0.25. This is amonst the worse of the industry: NCLH underperforms 80.88% of its industry peers.
NCLH has a debt to FCF ratio of 15.62. This is a negative value and a sign of low solvency as NCLH would need 15.62 years to pay back of all of its debts.
NCLH has a Debt to FCF ratio of 15.62. This is comparable to the rest of the industry: NCLH outperforms 48.53% of its industry peers.
A Debt/Equity ratio of 8.26 is on the high side and indicates that NCLH has dependencies on debt financing.
NCLH's Debt to Equity ratio of 8.26 is on the low side compared to the rest of the industry. NCLH is outperformed by 63.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.26 | ||
| Debt/FCF | 15.62 | ||
| Altman-Z | 0.25 |
ROIC/WACC0.98
WACC8.32%
2.3 Liquidity
A Current Ratio of 0.17 indicates that NCLH may have some problems paying its short term obligations.
With a Current ratio value of 0.17, NCLH is not doing good in the industry: 96.32% of the companies in the same industry are doing better.
NCLH has a Quick Ratio of 0.17. This is a bad value and indicates that NCLH is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.15, NCLH is not doing good in the industry: 94.85% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.15 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 212.07% over the past year.
NCLH shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -18.68% yearly.
Looking at the last year, NCLH shows a quite strong growth in Revenue. The Revenue has grown by 10.87% in the last year.
Measured over the past years, NCLH shows a small growth in Revenue. The Revenue has been growing by 7.96% on average per year.
EPS 1Y (TTM)212.07%
EPS 3YN/A
EPS 5Y-18.68%
EPS Q2Q%244.44%
Revenue 1Y (TTM)10.87%
Revenue growth 3Y144.57%
Revenue growth 5Y7.96%
Sales Q2Q%6.19%
3.2 Future
The Earnings Per Share is expected to grow by 18.66% on average over the next years. This is quite good.
The Revenue is expected to grow by 9.07% on average over the next years. This is quite good.
EPS Next Y17.67%
EPS Next 2Y20.98%
EPS Next 3Y20.24%
EPS Next 5Y18.66%
Revenue Next Year7.44%
Revenue Next 2Y9.02%
Revenue Next 3Y9.02%
Revenue Next 5Y9.07%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.05, the valuation of NCLH can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of NCLH indicates a rather cheap valuation: NCLH is cheaper than 94.12% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, NCLH is valued rather cheaply.
A Price/Forward Earnings ratio of 7.69 indicates a rather cheap valuation of NCLH.
Based on the Price/Forward Earnings ratio, NCLH is valued cheaper than 92.65% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.08, NCLH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.05 | ||
| Fwd PE | 7.69 |
4.2 Price Multiples
71.32% of the companies in the same industry are more expensive than NCLH, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NCLH indicates a rather cheap valuation: NCLH is cheaper than 90.44% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.65 | ||
| EV/EBITDA | 8.27 |
4.3 Compensation for Growth
NCLH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NCLH's earnings are expected to grow with 20.24% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.51
PEG (5Y)N/A
EPS Next 2Y20.98%
EPS Next 3Y20.24%
5. Dividend
5.1 Amount
No dividends for NCLH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
16.38
+0.29 (+1.8%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners80.67%
Inst Owner Change0%
Ins Owners0.39%
Ins Owner Change1.6%
Market Cap7.26B
Analysts79.35
Price Target30.14 (84%)
Short Float %5.69%
Short Ratio2.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)72.57%
Min EPS beat(2)2.95%
Max EPS beat(2)142.19%
EPS beat(4)4
Avg EPS beat(4)48.95%
Min EPS beat(4)2.95%
Max EPS beat(4)142.19%
EPS beat(8)7
Avg EPS beat(8)26.53%
EPS beat(12)8
Avg EPS beat(12)13.07%
EPS beat(16)10
Avg EPS beat(16)8.9%
Revenue beat(2)0
Avg Revenue beat(2)-1.22%
Min Revenue beat(2)-1.75%
Max Revenue beat(2)-0.69%
Revenue beat(4)0
Avg Revenue beat(4)-2.28%
Min Revenue beat(4)-4.27%
Max Revenue beat(4)-0.69%
Revenue beat(8)1
Avg Revenue beat(8)-1.25%
Revenue beat(12)1
Avg Revenue beat(12)-4.11%
Revenue beat(16)1
Avg Revenue beat(16)-13.64%
PT rev (1m)-2.62%
PT rev (3m)-0.31%
EPS NQ rev (1m)2.99%
EPS NQ rev (3m)-43.25%
EPS NY rev (1m)0.26%
EPS NY rev (3m)-0.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.28%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.05 | ||
| Fwd PE | 7.69 | ||
| P/S | 0.77 | ||
| P/FCF | 8.65 | ||
| P/OCF | 3.54 | ||
| P/B | 5.09 | ||
| P/tB | 9.2 | ||
| EV/EBITDA | 8.27 |
EPS(TTM)1.81
EY11.05%
EPS(NY)2.13
Fwd EY13%
FCF(TTM)1.89
FCFY11.55%
OCF(TTM)4.62
OCFY28.23%
SpS21.39
BVpS3.22
TBVpS1.78
PEG (NY)0.51
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.56% | ||
| ROE | 63.86% | ||
| ROCE | 10.33% | ||
| ROIC | 8.16% | ||
| ROICexc | 8.27% | ||
| ROICexgc | 8.67% | ||
| OM | 15.46% | ||
| PM (TTM) | 9.6% | ||
| GM | 39.99% | ||
| FCFM | 8.85% |
ROA(3y)-2.27%
ROA(5y)-10.54%
ROE(3y)-1056.87%
ROE(5y)-689.6%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-0.2%
ROICexc growth 3YN/A
ROICexc growth 5Y2.69%
OM growth 3YN/A
OM growth 5Y-3.24%
PM growth 3YN/A
PM growth 5Y-7.78%
GM growth 3YN/A
GM growth 5Y-1.58%
F-Score8
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.26 | ||
| Debt/FCF | 15.62 | ||
| Debt/EBITDA | 4.83 | ||
| Cap/Depr | 124.39% | ||
| Cap/Sales | 12.77% | ||
| Interest Coverage | 1.9 | ||
| Cash Conversion | 84.03% | ||
| Profit Quality | 92.16% | ||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.15 | ||
| Altman-Z | 0.25 |
F-Score8
WACC8.32%
ROIC/WACC0.98
Cap/Depr(3y)218.66%
Cap/Depr(5y)176.64%
Cap/Sales(3y)27.26%
Cap/Sales(5y)54.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)212.07%
EPS 3YN/A
EPS 5Y-18.68%
EPS Q2Q%244.44%
EPS Next Y17.67%
EPS Next 2Y20.98%
EPS Next 3Y20.24%
EPS Next 5Y18.66%
Revenue 1Y (TTM)10.87%
Revenue growth 3Y144.57%
Revenue growth 5Y7.96%
Sales Q2Q%6.19%
Revenue Next Year7.44%
Revenue Next 2Y9.02%
Revenue Next 3Y9.02%
Revenue Next 5Y9.07%
EBIT growth 1Y57.48%
EBIT growth 3YN/A
EBIT growth 5Y4.47%
EBIT Next Year81.66%
EBIT Next 3Y32.02%
EBIT Next 5Y21.75%
FCF growth 1Y212.65%
FCF growth 3YN/A
FCF growth 5Y35.24%
OCF growth 1Y2.2%
OCF growth 3YN/A
OCF growth 5Y2.38%