ROYAL CARIBBEAN CRUISES LTD (RCL) Fundamental Analysis & Valuation

NYSE:RCL • LR0008862868

Current stock price

261.8 USD
-12.2 (-4.45%)
At close:
261.5 USD
-0.3 (-0.11%)
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.
  • In the past year RCL had a positive cash flow from operations.
  • 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 83.33% of its industry peers.
  • Looking at the Return On Equity, with a value of 42.53%, RCL belongs to the top of the industry, outperforming 89.68% of the companies in the same industry.
  • RCL has a Return On Invested Capital of 13.14%. This is in the better half of the industry: RCL outperforms 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 10.65%.
  • 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

  • RCL's Profit Margin of 23.80% is amongst the best of the industry. RCL outperforms 96.83% of its industry peers.
  • RCL's Operating Margin of 27.41% is amongst the best of the industry. RCL outperforms 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 57.14% of its industry peers.
  • 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.
  • Compared to 1 year ago, RCL has more shares outstanding
  • RCL has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for RCL has been reduced compared to a year ago.
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

  • RCL has an Altman-Z score of 2.08. This is not the best score and indicates that RCL is in the grey zone with still only limited risk for bankruptcy at the moment.
  • RCL's Altman-Z score of 2.08 is in line compared to the rest of the industry. RCL outperforms 57.94% of its industry peers.
  • 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.
  • With a Debt to FCF ratio value of 17.27, RCL perfoms like the industry average, outperforming 46.03% of the companies in the same industry.
  • A Debt/Equity ratio of 1.81 is on the high side and indicates that RCL has dependencies on debt 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 2.08
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

  • RCL has a Current 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 Current ratio, with a value of 0.18, RCL is doing worse than 96.83% of the companies in the same industry.
  • 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.
  • The Revenue has grown by 8.80% in the past year. This is quite good.
  • 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

  • The Earnings Per Share is expected to grow by 13.82% on average over the next years. This is quite good.
  • 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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5

4. RCL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.74, which indicates a correct valuation of RCL.
  • 71.43% of the companies in the same industry are more expensive than RCL, based on the Price/Earnings ratio.
  • RCL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.88.
  • RCL is valuated correctly with a Price/Forward Earnings ratio of 14.33.
  • Based on the Price/Forward Earnings ratio, RCL is valued a bit cheaper than 72.22% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of RCL to the average of the S&P500 Index (22.19), we can say RCL is valued slightly cheaper.
Industry RankSector Rank
PE 16.74
Fwd PE 14.33
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RCL is on the same level as its industry peers.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as RCL.
Industry RankSector Rank
P/FCF 57.3
EV/EBITDA 13.77
RCL Per share dataRCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap 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)0.99
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 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 (3/27/2026, 8:04:00 PM)

After market: 261.5 -0.3 (-0.11%)

261.8

-12.2 (-4.45%)

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 Cap70.82B
Revenue(TTM)17.93B
Net Income(TTM)4.27B
Analysts80.59
Price Target362.96 (38.64%)
Short Float %4.4%
Short Ratio4.65
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 16.74
Fwd PE 14.33
P/S 3.95
P/FCF 57.3
P/OCF 10.96
P/B 7.06
P/tB 7.67
EV/EBITDA 13.77
EPS(TTM)15.64
EY5.97%
EPS(NY)18.27
Fwd EY6.98%
FCF(TTM)4.57
FCFY1.75%
OCF(TTM)23.9
OCFY9.13%
SpS66.3
BVpS37.1
TBVpS34.11
PEG (NY)0.99
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 2.08
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 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%.