ROYAL CARIBBEAN CRUISES LTD (RCL) Fundamental Analysis & Valuation

NYSE:RCL • LR0008862868

Current stock price

263.65 USD
-8.35 (-3.07%)
At close:
266.51 USD
+2.86 (+1.08%)
After Hours:

This RCL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. RCL Profitability Analysis

1.1 Basic Checks

  • In the past year RCL was profitable.
  • RCL had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: RCL reported negative net income in multiple years.
  • RCL had a positive operating cash flow in 4 of the past 5 years.
RCL Yearly Net Income VS EBIT VS OCF VS FCFRCL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B 6B

1.2 Ratios

  • RCL has a better Return On Assets (10.26%) than 84.13% of its industry peers.
  • RCL has a Return On Equity of 42.53%. This is amongst the best in the industry. RCL outperforms 91.27% of its industry peers.
  • RCL has a better Return On Invested Capital (13.14%) than 79.37% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for RCL is in line with the industry average of 10.60%.
  • The 3 year average ROIC (11.33%) for RCL is below the current ROIC(13.14%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.26%
ROE 42.53%
ROIC 13.14%
ROA(3y)7.62%
ROA(5y)0.03%
ROE(3y)38.83%
ROE(5y)-12.42%
ROIC(3y)11.33%
ROIC(5y)N/A
RCL Yearly ROA, ROE, ROICRCL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100

1.3 Margins

  • RCL's Profit Margin of 23.80% is amongst the best of the industry. RCL outperforms 96.83% of its industry peers.
  • RCL has a better Operating Margin (27.41%) than 92.86% of its industry peers.
  • RCL's Gross Margin of 50.62% is in line compared to the rest of the industry. RCL outperforms 57.94% of its industry peers.
  • RCL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 27.41%
PM (TTM) 23.8%
GM 50.62%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y23.5%
GM growth 5YN/A
RCL Yearly Profit, Operating, Gross MarginsRCL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300

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2

2. RCL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RCL is creating some value.
  • Compared to 1 year ago, RCL has more shares outstanding
  • The number of shares outstanding for RCL has been increased compared to 5 years ago.
  • Compared to 1 year ago, RCL has an improved debt to assets ratio.
RCL Yearly Shares OutstandingRCL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
RCL Yearly Total Debt VS Total AssetsRCL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • An Altman-Z score of 2.13 indicates that RCL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.13, RCL is in line with its industry, outperforming 58.73% of the companies in the same industry.
  • RCL has a debt to FCF ratio of 17.27. This is a negative value and a sign of low solvency as RCL would need 17.27 years to pay back of all of its debts.
  • RCL has a Debt to FCF ratio of 17.27. This is comparable to the rest of the industry: RCL outperforms 46.03% of its industry peers.
  • RCL has a Debt/Equity ratio of 1.81. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of RCL (1.81) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.81
Debt/FCF 17.27
Altman-Z 2.13
ROIC/WACC1.72
WACC7.63%
RCL Yearly LT Debt VS Equity VS FCFRCL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 0.18 indicates that RCL may have some problems paying its short term obligations.
  • With a Current ratio value of 0.18, RCL is not doing good in the industry: 96.83% of the companies in the same industry are doing better.
  • RCL has a Quick Ratio of 0.18. This is a bad value and indicates that RCL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.16, RCL is doing worse than 96.83% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.18
Quick Ratio 0.16
RCL Yearly Current Assets VS Current LiabilitesRCL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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6

3. RCL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 32.43% over the past year.
  • RCL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.80%.
  • RCL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 52.02% yearly.
EPS 1Y (TTM)32.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.78%
Revenue 1Y (TTM)8.8%
Revenue growth 3Y26.59%
Revenue growth 5Y52.02%
Sales Q2Q%13.21%

3.2 Future

  • RCL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.82% yearly.
  • The Revenue is expected to grow by 8.15% on average over the next years. This is quite good.
EPS Next Y16.83%
EPS Next 2Y15.65%
EPS Next 3Y15.37%
EPS Next 5Y13.82%
Revenue Next Year10.05%
Revenue Next 2Y8.72%
Revenue Next 3Y8.79%
Revenue Next 5Y8.15%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
RCL Yearly Revenue VS EstimatesRCL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B
RCL Yearly EPS VS EstimatesRCL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 20 40

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5

4. RCL Valuation Analysis

4.1 Price/Earnings Ratio

  • RCL is valuated correctly with a Price/Earnings ratio of 16.86.
  • Compared to the rest of the industry, the Price/Earnings ratio of RCL indicates a somewhat cheap valuation: RCL is cheaper than 70.63% of the companies listed in the same industry.
  • RCL is valuated rather cheaply when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 14.43 indicates a correct valuation of RCL.
  • RCL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. RCL is cheaper than 71.43% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.28. RCL is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 16.86
Fwd PE 14.43
RCL Price Earnings VS Forward Price EarningsRCL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • RCL's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. RCL is more expensive than 60.32% of the companies in the same industry.
  • RCL's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 57.71
EV/EBITDA 14.19
RCL Per share dataRCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • RCL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of RCL may justify a higher PE ratio.
  • RCL's earnings are expected to grow with 15.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)1
PEG (5Y)N/A
EPS Next 2Y15.65%
EPS Next 3Y15.37%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. RCL Dividend Analysis

5.1 Amount

  • RCL has a Yearly Dividend Yield of 1.59%.
  • Compared to an average industry Dividend Yield of 1.12, RCL pays a bit more dividend than its industry peers.
  • RCL's Dividend Yield is comparable with the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 1.59%

5.2 History

  • The dividend of RCL has a limited annual growth rate of 1.16%.
  • RCL has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of RCL decreased recently.
Dividend Growth(5Y)1.16%
Div Incr Years1
Div Non Decr Years1
RCL Yearly Dividends per shareRCL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2024 2025 2026 1 2 3

5.3 Sustainability

  • 19.30% of the earnings are spent on dividend by RCL. This is a low number and sustainable payout ratio.
  • RCL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.3%
EPS Next 2Y15.65%
EPS Next 3Y15.37%
RCL Yearly Income VS Free CF VS DividendRCL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B
RCL Dividend Payout.RCL Dividend Payout, showing the Payout Ratio.RCL Dividend Payout.PayoutRetained Earnings

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RCL Fundamentals: All Metrics, Ratios and Statistics

ROYAL CARIBBEAN CRUISES LTD

NYSE:RCL (3/20/2026, 8:19:32 PM)

After market: 266.51 +2.86 (+1.08%)

263.65

-8.35 (-3.07%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)01-29
Earnings (Next)04-27
Inst Owners83.93%
Inst Owner Change0.07%
Ins Owners0.31%
Ins Owner Change0.71%
Market Cap71.33B
Revenue(TTM)17.93B
Net Income(TTM)4.27B
Analysts80.59
Price Target363.17 (37.75%)
Short Float %4.4%
Short Ratio4.65
Dividend
Industry RankSector Rank
Dividend Yield 1.59%
Yearly Dividend3.06
Dividend Growth(5Y)1.16%
DP19.3%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-06
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.28%
Min EPS beat(2)-0.94%
Max EPS beat(2)0.37%
EPS beat(4)3
Avg EPS beat(4)2.77%
Min EPS beat(4)-0.94%
Max EPS beat(4)6.12%
EPS beat(8)7
Avg EPS beat(8)8.52%
EPS beat(12)11
Avg EPS beat(12)14.05%
EPS beat(16)14
Avg EPS beat(16)14.3%
Revenue beat(2)0
Avg Revenue beat(2)-1.28%
Min Revenue beat(2)-1.48%
Max Revenue beat(2)-1.09%
Revenue beat(4)0
Avg Revenue beat(4)-1.29%
Min Revenue beat(4)-1.48%
Max Revenue beat(4)-1.09%
Revenue beat(8)1
Avg Revenue beat(8)-0.86%
Revenue beat(12)4
Avg Revenue beat(12)-0.34%
Revenue beat(16)5
Avg Revenue beat(16)-0.71%
PT rev (1m)2.02%
PT rev (3m)7.54%
EPS NQ rev (1m)-0.16%
EPS NQ rev (3m)3.95%
EPS NY rev (1m)0.76%
EPS NY rev (3m)1.53%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)0.63%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.47%
Valuation
Industry RankSector Rank
PE 16.86
Fwd PE 14.43
P/S 3.98
P/FCF 57.71
P/OCF 11.03
P/B 7.11
P/tB 7.73
EV/EBITDA 14.19
EPS(TTM)15.64
EY5.93%
EPS(NY)18.27
Fwd EY6.93%
FCF(TTM)4.57
FCFY1.73%
OCF(TTM)23.9
OCFY9.06%
SpS66.3
BVpS37.1
TBVpS34.11
PEG (NY)1
PEG (5Y)N/A
Graham Number114.26
Profitability
Industry RankSector Rank
ROA 10.26%
ROE 42.53%
ROCE 16.63%
ROIC 13.14%
ROICexc 13.51%
ROICexgc 13.9%
OM 27.41%
PM (TTM) 23.8%
GM 50.62%
FCFM 6.89%
ROA(3y)7.62%
ROA(5y)0.03%
ROE(3y)38.83%
ROE(5y)-12.42%
ROIC(3y)11.33%
ROIC(5y)N/A
ROICexc(3y)11.58%
ROICexc(5y)N/A
ROICexgc(3y)12.12%
ROICexgc(5y)N/A
ROCE(3y)14.35%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y23.5%
GM growth 5YN/A
F-Score8
Asset Turnover0.43
Health
Industry RankSector Rank
Debt/Equity 1.81
Debt/FCF 17.27
Debt/EBITDA 2.74
Cap/Depr 304.37%
Cap/Sales 29.16%
Interest Coverage 5.69
Cash Conversion 97.45%
Profit Quality 28.95%
Current Ratio 0.18
Quick Ratio 0.16
Altman-Z 2.13
F-Score8
WACC7.63%
ROIC/WACC1.72
Cap/Depr(3y)258.82%
Cap/Depr(5y)228.31%
Cap/Sales(3y)25.67%
Cap/Sales(5y)50.64%
Profit Quality(3y)44.18%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.78%
EPS Next Y16.83%
EPS Next 2Y15.65%
EPS Next 3Y15.37%
EPS Next 5Y13.82%
Revenue 1Y (TTM)8.8%
Revenue growth 3Y26.59%
Revenue growth 5Y52.02%
Sales Q2Q%13.21%
Revenue Next Year10.05%
Revenue Next 2Y8.72%
Revenue Next 3Y8.79%
Revenue Next 5Y8.15%
EBIT growth 1Y19.15%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year58.65%
EBIT Next 3Y24.47%
EBIT Next 5Y16.91%
FCF growth 1Y-38.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y22.79%
OCF growth 3Y137.62%
OCF growth 5YN/A

ROYAL CARIBBEAN CRUISES LTD / RCL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ROYAL CARIBBEAN CRUISES LTD?

ChartMill assigns a fundamental rating of 5 / 10 to RCL.


What is the valuation status of ROYAL CARIBBEAN CRUISES LTD (RCL) stock?

ChartMill assigns a valuation rating of 5 / 10 to ROYAL CARIBBEAN CRUISES LTD (RCL). This can be considered as Fairly Valued.


How profitable is ROYAL CARIBBEAN CRUISES LTD (RCL) stock?

ROYAL CARIBBEAN CRUISES LTD (RCL) has a profitability rating of 7 / 10.


Can you provide the expected EPS growth for RCL stock?

The Earnings per Share (EPS) of ROYAL CARIBBEAN CRUISES LTD (RCL) is expected to grow by 16.83% in the next year.


Is the dividend of ROYAL CARIBBEAN CRUISES LTD sustainable?

The dividend rating of ROYAL CARIBBEAN CRUISES LTD (RCL) is 5 / 10 and the dividend payout ratio is 19.3%.