ROYAL CARIBBEAN CRUISES LTD (RCL) Fundamental Analysis & Valuation

NYSE:RCL • LR0008862868

Current stock price

278.585 USD
-3.48 (-1.23%)
Last:

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

  • RCL had positive earnings in the past year.
  • 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.
  • Of the past 5 years RCL 4 years had a positive operating cash flow.
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

  • With an excellent Return On Assets value of 10.26%, RCL belongs to the best of the industry, outperforming 82.54% of the companies in the same industry.
  • RCL has a Return On Equity of 42.53%. This is amongst the best in the industry. RCL outperforms 89.68% of its industry peers.
  • The Return On Invested Capital of RCL (13.14%) is better than 79.37% of its industry peers.
  • RCL had an Average Return On Invested Capital over the past 3 years of 11.33%. This is in line with the industry average of 10.68%.
  • The last Return On Invested Capital (13.14%) for RCL is above the 3 year average (11.33%), which is a sign of increasing profitability.
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

  • The Profit Margin of RCL (23.80%) is better than 96.83% of its industry peers.
  • Looking at the Operating Margin, with a value of 27.41%, RCL belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
  • Looking at the Gross Margin, with a value of 50.62%, RCL is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • In the last couple of years the Gross Margin of RCL has grown nicely.
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

  • RCL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for RCL has been increased compared to 1 year ago.
  • Compared to 5 years ago, RCL has more shares outstanding
  • 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 2.19 indicates that RCL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • RCL's Altman-Z score of 2.19 is in line compared to the rest of the industry. RCL outperforms 58.73% of its industry peers.
  • The Debt to FCF ratio of RCL is 17.27, which is on the high side as it means it would take RCL, 17.27 years of fcf income to pay off 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 45.24% 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.
  • RCL's Debt to Equity ratio of 1.81 is in line compared to the rest of the industry. RCL outperforms 48.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.81
Debt/FCF 17.27
Altman-Z 2.19
ROIC/WACC1.69
WACC7.77%
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.
  • The Current ratio of RCL (0.18) is worse than 96.83% of its industry peers.
  • A Quick Ratio of 0.16 indicates that RCL may have some problems paying its short term obligations.
  • RCL's Quick ratio of 0.16 is on the low side compared to the rest of the industry. RCL is outperformed by 96.83% of its industry peers.
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.
  • Looking at the last year, RCL shows a quite strong growth in Revenue. The Revenue has grown by 8.80% in the last year.
  • Measured over the past years, RCL shows a very strong growth in Revenue. The Revenue has been growing by 52.02% on average per year.
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

  • Based on estimates for the next years, RCL will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.82% on average per year.
  • Based on estimates for the next years, RCL will show a quite strong growth in Revenue. The Revenue will grow by 8.15% on average per year.
EPS Next Y16.83%
EPS Next 2Y15.65%
EPS Next 3Y15.37%
EPS Next 5Y13.82%
Revenue Next Year10.09%
Revenue Next 2Y8.73%
Revenue Next 3Y8.8%
Revenue Next 5Y8.15%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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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4

4. RCL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.81, the valuation of RCL can be described as rather expensive.
  • Based on the Price/Earnings ratio, RCL is valued a bit cheaper than the industry average as 69.84% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.51. RCL is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 15.25, RCL is valued correctly.
  • Based on the Price/Forward Earnings ratio, RCL is valued a bit cheaper than 70.63% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.76. RCL is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.81
Fwd PE 15.25
RCL Price Earnings VS Forward Price EarningsRCL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RCL indicates a slightly more expensive valuation: RCL is more expensive than 61.11% of the companies listed in the same industry.
  • RCL's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 60.98
EV/EBITDA 14.6
RCL Per share dataRCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • RCL has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as RCL's earnings are expected to grow with 15.37% in the coming years.
PEG (NY)1.06
PEG (5Y)N/A
EPS Next 2Y15.65%
EPS Next 3Y15.37%

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5

5. RCL Dividend Analysis

5.1 Amount

  • RCL has a Yearly Dividend Yield of 1.55%.
  • Compared to an average industry Dividend Yield of 1.10, RCL pays a bit more dividend than its industry peers.
  • RCL's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.55%

5.2 History

  • The dividend of RCL has a limited annual growth rate of 1.16%.
  • RCL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • RCL has decreased its dividend 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

  • RCL pays out 19.30% of its income as dividend. This is a 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 (4/2/2026, 12:46:52 PM)

278.585

-3.48 (-1.23%)

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 Cap75.37B
Revenue(TTM)17.93B
Net Income(TTM)4.27B
Analysts80.59
Price Target362.96 (30.29%)
Short Float %4.5%
Short Ratio4.64
Dividend
Industry RankSector Rank
Dividend Yield 1.55%
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)-0.06%
PT rev (3m)9.43%
EPS NQ rev (1m)-0.03%
EPS NQ rev (3m)5.02%
EPS NY rev (1m)0.76%
EPS NY rev (3m)1.92%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)1.1%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.67%
Valuation
Industry RankSector Rank
PE 17.81
Fwd PE 15.25
P/S 4.2
P/FCF 60.98
P/OCF 11.66
P/B 7.51
P/tB 8.17
EV/EBITDA 14.6
EPS(TTM)15.64
EY5.61%
EPS(NY)18.27
Fwd EY6.56%
FCF(TTM)4.57
FCFY1.64%
OCF(TTM)23.9
OCFY8.58%
SpS66.3
BVpS37.1
TBVpS34.11
PEG (NY)1.06
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 2.19
F-Score8
WACC7.77%
ROIC/WACC1.69
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 Year10.09%
Revenue Next 2Y8.73%
Revenue Next 3Y8.8%
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 for RCL stock?

ChartMill assigns a valuation rating of 4 / 10 to ROYAL CARIBBEAN CRUISES LTD (RCL). This can be considered as Fairly Valued.


Can you provide the profitability details for ROYAL CARIBBEAN CRUISES LTD?

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


What is the valuation of ROYAL CARIBBEAN CRUISES LTD based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ROYAL CARIBBEAN CRUISES LTD (RCL) is 17.81 and the Price/Book (PB) ratio is 7.51.


How sustainable is the dividend of ROYAL CARIBBEAN CRUISES LTD (RCL) stock?

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