TopFunds

Norwegian Cruise Line Holdings

NYSE: NCLH

Stock price

15.49 USD

(-41.21%) 5 years

HotelsResorts & Cruise LinesTravel Services

Financial Performance

Share

5Y price score: (53)

Help

The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: (59.7)%

DATE RANGE:

%

ㅤ

  • Earnings per share

  • Free cash flow per share

  • Stock price

Time scale:

By default your notes are visible only to you.

13.6

52-week range

25.1

15.49

Your model inputs

Required return / cost of capital
%
FCFF terminal growth rate
%

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

Help
FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

(15.3) %

Dividend Yield TTM

-

Market cap $

$ 7,112

Price / Earnings TTM

Help
P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

9.7

Price / Book TTM

2.8

PEG TTM

Help
Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

(0.2)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

(34.6) %

(41.2) %

(59.7) %

Free cash flow per share growth

(55.2) %

81.5 %

(618.1) %

Earnings per share growth

617.5 %

105.7 %

(51.6) %

Founded: 2,011

Employees: 41,700

Business Summary:Norwegian Cruise Line Holdings Ltd. (NCLH), along with its subsidiary companies, operates as a major global cruise enterprise. Its operations span North America, Europe, the Asia-Pacific region, and other international markets. The company manages a portfolio of three distinct cruise brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. NCLH offers an extensive range of voyages, from brief three-day excursions to lengthy 180-day expeditions. These itineraries explore a comprehensive list of destinations worldwide, including Scandinavia, Russia, the Mediterranean, and the Greek Isles; the Alaskan wilderness, Canada and New England; Hawaii, Asia, Tahiti, and the South Pacific; Australia and New Zealand; Africa, India, and South America; as well as the Panama Canal and the Caribbean. As of December 31, 2021, the company commanded a fleet of 28 ships, providing approximately 59,150 berths for guests. Its travel products are distributed through multiple channels, including independent retail/travel advisors, direct sales onboard its ships, and specialized services for meetings, incentives, and private charters. Founded in 1966, Norwegian Cruise Line Holdings Ltd. maintains its corporate headquarters in Miami, Florida.

Q&A

SEARCH
Get answers on financials, industry, fundamentals or other questions.

Contribute

By providing well-researched and detailed answer you increase your chance of becoming Top Contributor. TopFunds is free for all top contributors. Learn more

VIEW ALL Q&A

Contribute or ask questions about business following TopFunds community guidelines

Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q2 (Jul 30, 2026)

1) Strategy & Leadership Changes
- John Chidsey, CEO, emphasized a strong commitment to turnaround priorities and operational discipline.
- Significant leadership changes have been made, including new appointments in revenue management and marketing.
- The company aims to enhance brand positioning and improve demand generation, particularly focusing on premium families and seasoned travelers.
- A new Chief People Officer and Chief Marketing Officer have been appointed to strengthen the team and culture.

2) Financial & Segment Results
- Q2 2026 results showed a 5% increase in top line revenue, driven by increased capacity days.
- Adjusted EBITDA reached $666 million, exceeding guidance by $34 million.
- Net yield decreased by 2.6%, while adjusted net cruise cost (excluding fuel) was $163, better than guidance with a decline of 0.5%.
- For Q3, net yield is expected to decline by 8.9%, with a load factor of 104%.

3) Operational Initiatives & Product Plans
- The company is launching the Great Tides Waterpark at Great Stirrup Cay, enhancing the guest experience and expected to improve revenue potential.
- A new pricing strategy, termed "baseloading," aims to establish competitive pricing earlier in the booking curve to build demand sooner.
- The company is actively managing inventory and pricing to maximize yield and reduce exposure to close-in demand volatility.

4) Guidance & Outlook
- Full-year net yield is now expected to decline by approximately 5%, reflecting a challenging demand environment.
- The first half of 2027 is anticipated to face continued demand challenges, with expectations for improvement in the second half.
- Adjusted EBITDA for 2026 is projected at $2.5 billion, with adjusted EPS around $1.50.
- The company plans to reduce net leverage over time, with a focus on improving free cash flow as capacity growth moderates.

5) Problems / Headwinds
- The company acknowledges that many of its current challenges are self-inflicted, primarily related to execution issues rather than macroeconomic factors.
- The marketing and demand generation initiatives are still in the early stages, which may limit immediate financial benefits.
- There is uncertainty regarding the impact of geopolitical events on bookings, particularly for European sailings.

Bottom line: Norwegian Cruise Line Holdings is in a transitional phase, focusing on leadership restructuring, operational efficiencies, and strategic marketing to enhance its brand and improve financial performance. While the near-term outlook remains challenging, the company's initiatives are expected to yield positive results in the longer term, making it a potential opportunity for investors looking for recovery in the cruise sector.

Annual Reports, Presentations And IR Contacts

Go to the website
Annual report links (10K)
2025202420232022202120202019201820172016

Norwegian Cruise Line Holdings — Financial Overview, Stock Price, Market Cap

Norwegian Cruise Line Holdings is a company. Founded in 2011. As of October 9, 2026, the company's market capitalization is $7111613900 with a current stock price of $15.49.