ROYAL CARIBBEAN CRUISES LTD (RCL) Fundamental Analysis & Valuation

NYSE:RCL • LR0008862868

Current stock price

265.55 USD
+1.79 (+0.68%)
At close:
265.452 USD
-0.1 (-0.04%)
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

  • RCL had positive earnings in the past year.
  • In the past year RCL had a positive cash flow from operations.
  • In multiple years RCL reported negative net income over the last 5 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 83.33% of the companies in the same industry.
  • 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 amongst the best in the industry. RCL outperforms 80.16% 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 10.92%.
  • 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

  • With an excellent Profit Margin value of 23.80%, RCL belongs to the best of the industry, outperforming 96.83% of the companies in the same industry.
  • RCL has a better Operating Margin (27.41%) than 92.86% of its industry peers.
  • RCL has a Gross Margin of 50.62%. This is comparable to the rest of the industry: RCL outperforms 57.14% 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
  • Compared to 5 years ago, RCL has more shares outstanding
  • 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

  • An Altman-Z score of 2.10 indicates that RCL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • RCL's Altman-Z score of 2.10 is in line compared to the rest of the industry. RCL outperforms 57.14% 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 43.65% of its industry peers.
  • A Debt/Equity ratio of 1.81 is on the high side and indicates that RCL has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.81, RCL perfoms like the industry average, outperforming 49.21% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.81
Debt/FCF 17.27
Altman-Z 2.1
ROIC/WACC1.7
WACC7.75%
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.
  • RCL's Current ratio of 0.18 is on the low side compared to the rest of the industry. RCL is outperformed by 96.83% of its industry peers.
  • 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.
  • With a Quick ratio value of 0.16, RCL is not doing good in the industry: 96.03% of the companies in the same industry are doing better.
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 29.65% 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)29.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%32.84%
Revenue 1Y (TTM)8.8%
Revenue growth 3Y26.59%
Revenue growth 5Y52.02%
Sales Q2Q%11.33%

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 13.29% yearly.
  • The Revenue is expected to grow by 8.11% on average over the next years. This is quite good.
EPS Next Y15.89%
EPS Next 2Y15.26%
EPS Next 3Y14.92%
EPS Next 5Y13.29%
Revenue Next Year9.8%
Revenue Next 2Y8.58%
Revenue Next 3Y8.67%
Revenue Next 5Y8.11%

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 16.06.
  • Based on the Price/Earnings ratio, RCL is valued a bit cheaper than 76.19% of the companies in the same industry.
  • RCL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.64, which is the current average of the S&P500 Index.
  • RCL is valuated correctly with a Price/Forward Earnings ratio of 12.78.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of RCL indicates a rather cheap valuation: RCL is cheaper than 81.75% of the companies listed in the same industry.
  • RCL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.36.
Industry RankSector Rank
PE 16.06
Fwd PE 12.78
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

  • RCL's Enterprise Value to EBITDA is on the same level as the industry average.
  • RCL's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 58.12
EV/EBITDA 13.92
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.
  • RCL's earnings are expected to grow with 14.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.01
PEG (5Y)N/A
EPS Next 2Y15.26%
EPS Next 3Y14.92%

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5

5. RCL Dividend Analysis

5.1 Amount

  • RCL has a Yearly Dividend Yield of 1.61%.
  • RCL's Dividend Yield is a higher than the industry average which is at 1.06.
  • Compared to an average S&P500 Dividend Yield of 1.80, RCL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.61%

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 2Y15.26%
EPS Next 3Y14.92%
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 (5/1/2026, 8:04:00 PM)

After market: 265.452 -0.1 (-0.04%)

265.55

+1.79 (+0.68%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Industry Strength65.22
Industry Growth56.52
Earnings (Last)04-30
Earnings (Next)07-27
Inst Owners83.94%
Inst Owner Change-0.05%
Ins Owners0.31%
Ins Owner Change0.73%
Market Cap71.84B
Revenue(TTM)17.93B
Net Income(TTM)4.27B
Analysts80.59
Price Target347.23 (30.76%)
Short Float %4.66%
Short Ratio4.92
Dividend
Industry RankSector Rank
Dividend Yield 1.61%
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)-4.33%
PT rev (3m)3.54%
EPS NQ rev (1m)-0.17%
EPS NQ rev (3m)5.04%
EPS NY rev (1m)-0.8%
EPS NY rev (3m)1.2%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)1.42%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)0.58%
Valuation
Industry RankSector Rank
PE 16.06
Fwd PE 12.78
P/S 4.01
P/FCF 58.12
P/OCF 11.11
P/B 7.16
P/tB 7.78
EV/EBITDA 13.92
EPS(TTM)16.53
EY6.22%
EPS(NY)20.78
Fwd EY7.82%
FCF(TTM)4.57
FCFY1.72%
OCF(TTM)23.9
OCFY9%
SpS66.3
BVpS37.1
TBVpS34.11
PEG (NY)1.01
PEG (5Y)N/A
Graham Number117.469 (-55.76%)
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 2.1
F-Score8
WACC7.75%
ROIC/WACC1.7
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)29.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%32.84%
EPS Next Y15.89%
EPS Next 2Y15.26%
EPS Next 3Y14.92%
EPS Next 5Y13.29%
Revenue 1Y (TTM)8.8%
Revenue growth 3Y26.59%
Revenue growth 5Y52.02%
Sales Q2Q%11.33%
Revenue Next Year9.8%
Revenue Next 2Y8.58%
Revenue Next 3Y8.67%
Revenue Next 5Y8.11%
EBIT growth 1Y19.15%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year57.87%
EBIT Next 3Y24.15%
EBIT Next 5Y16.57%
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 5 / 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 16.06 and the Price/Book (PB) ratio is 7.16.


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%.