NCLH - Norwegian Cruise Line Holdings Ltd.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$21.85
DETAILS
HIGH:
$30.00
LOW:
$14.00
MEDIAN:
$20.00
CONSENSUS:
$21.85
UPSIDE:
34.05%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||
| Revenue | 9,827.6 | 9,479.7 | 8,549.9 | 4,843.8 | 648.0 | 1,279.9 | 6,462.4 | 6,055.1 | 5,396.2 | 4,874.3 | 4,345.0 | 3,125.9 | 2,570.3 | 2,276.2 | 2,219.3 | 2,012.1 | 1,855.2 | 2,106.4 | 2,172.8 | 1,976.3 | 1,616.2 | 1,338.3 |
| Cost of Revenue | 6,685.9 | 5,688.7 | 5,468.6 | 4,267.1 | 1,608.0 | 1,693.1 | 3,663.3 | 3,377.1 | 3,063.6 | 2,850.2 | 2,655.4 | 1,946.6 | 1,657.7 | 1,478.4 | 1,467.9 | 1,347.3 | 1,289.5 | 1,578.5 | 1,692.9 | 1,567.4 | 1,210.5 | 981.5 |
| Gross Profit | 3,141.7 | 3,791.0 | 3,081.3 | 576.7 | (960.1) | (413.2) | 2,799.1 | 2,678.1 | 2,332.5 | 2,024.1 | 1,689.6 | 1,179.3 | 912.6 | 797.8 | 751.4 | 664.8 | 565.8 | 527.9 | 479.9 | 408.9 | 405.6 | 356.7 |
| Operating Expenses | ||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 1,548.8 | 1,434.8 | 1,341.9 | 1,379.1 | 891.5 | 745.3 | 974.9 | 897.9 | 773.8 | 666.2 | 555.0 | 403.2 | 301.2 | 251.2 | 251.4 | 264.4 | 241.7 | 299.8 | 287.1 | 249.2 | 228.2 | 204.6 |
| Other Expenses | 0 | 890.2 | 808.6 | 749.3 | 700.8 | 2,325.6 | 646.2 | 561.1 | 510.0 | 432.5 | 432.1 | 273.1 | 215.6 | 189.5 | 184.0 | 170.2 | 152.7 | 162.6 | 148.0 | 119.1 | 104.2 | 101.9 |
| Operating Expenses | 1,548.8 | 2,325.0 | 2,150.4 | 2,128.4 | 1,592.3 | 3,071.0 | 1,621.0 | 1,459.0 | 1,283.7 | 1,098.7 | 987.1 | 676.3 | 516.7 | 440.7 | 435.3 | 434.6 | 394.4 | 462.4 | 435.1 | 368.3 | 332.4 | 292.0 |
| Operating Income | ||||||||||||||||||||||
| Operating Income | 1,592.9 | 1,465.9 | 930.9 | (1,551.8) | (2,552.3) | (3,484.1) | 1,178.1 | 1,219.1 | 1,048.8 | 925.5 | 702.5 | 502.9 | 395.9 | 357.1 | 316.1 | 230.2 | 171.4 | (63.2) | 42.2 | 32.6 | 73.3 | 50.3 |
| Interest Expense | 2,230.1 | 747.2 | 727.5 | 801.5 | 2,072.9 | 482.3 | 257.3 | 270.4 | 267.8 | 276.9 | 221.9 | 151.8 | 282.6 | 189.9 | 190.2 | 173.8 | 115.3 | 152.4 | 175.4 | 136.5 | 87.0 | 48.9 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.1 | 0.8 | 2.8 | 1.4 | 3.4 | 4.8 | 1.4 |
| Profitability | ||||||||||||||||||||||
| EBITDA | 2,738.5 | 2,493.6 | 1,773.9 | (665.1) | (1,669.8) | (2,778.1) | 1,812.7 | 1,802.4 | 1,567.0 | 1,370.3 | 1,106.2 | 797.0 | 642.4 | 574.6 | 528.1 | 366.6 | 352.3 | 103.1 | 96.5 | 124.7 | 210.3 | 152.2 |
| EBIT | 1,592.9 | 1,520.1 | 890.7 | (1,475.2) | (2,428.4) | (3,517.7) | 1,168.7 | 1,238.9 | 1,041.4 | 921.1 | 655.8 | 492.1 | 397.3 | 359.2 | 318.7 | 196.4 | 182.3 | (59.4) | (51.6) | 5.6 | 106.2 | 64.8 |
| Income Before Tax | 428.7 | 772.9 | 163.2 | (2,276.7) | (4,501.3) | (4,000.0) | 911.4 | 969.3 | 770.6 | 640.3 | 433.9 | 340.3 | 114.7 | 168.6 | 126.9 | 196.3 | 181.7 | (191.0) | (55.5) | (5.8) | 101.4 | 24.2 |
| Income Tax Expense | 5.5 | (137.3) | (3.0) | (6.8) | 5.3 | 12.5 | (18.9) | 14.5 | 10.7 | 7.2 | 6.8 | (2.3) | 11.8 | 0 | 192.4 | 207.6 | 104.1 | 277.3 | 271.7 | 171.5 | 54.1 | 73.5 |
| Net Income | 423.2 | 910.3 | 166.2 | (2,269.9) | (4,506.6) | (4,012.5) | 930.2 | 954.8 | 759.9 | 633.1 | 427.1 | 338.4 | 101.7 | 168.6 | 126.9 | 23.0 | 67.0 | (211.8) | (227.0) | (130.9) | 16.2 | (8.7) |
| Per Share Data | ||||||||||||||||||||||
| EPS (Basic) | 0.94 | 2.09 | 0.39 | -5.41 | -12.33 | -15.75 | 4.33 | 4.28 | 3.33 | 2.79 | 1.89 | 1.64 | 0.50 | 0.84 | 0.63 | 0.11 | 0.33 | -1.06 | -1.13 | -0.65 | 0.08 | -0.04 |
| EPS (Diluted) | 0.90 | 1.89 | 0.39 | -5.41 | -12.33 | -15.75 | 4.30 | 4.25 | 3.31 | 2.78 | 1.86 | 1.62 | 0.49 | 0.84 | 0.62 | 0.11 | 0.33 | -1.04 | -1.12 | -0.64 | 0.08 | -0.04 |
| Shares Outstanding | 455.3 | 435.3 | 424.4 | 419.8 | 365.4 | 254.7 | 214.9 | 223.0 | 229.4 | 227.7 | 229.6 | 208.9 | 207.6 | 179.3 | 200.5 | 200.5 | 200.5 | 200.5 | 200.5 | 200.5 | 200.5 | 200.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||
| Cash & Cash Equivalents | 209.9 | 190.8 | 402.4 | 947.0 | 1,506.6 | 3,300.5 | 252.9 | 163.9 | 176.2 | 128.3 | 50.2 | 185.7 | 172.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 240 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 291.7 | 221.4 | 280.3 | 326.3 | 1,167.5 | 20.6 | 75.1 | 55.2 | 44.0 | 63.2 | 7.9 | 6.0 | 10.8 |
| Inventory | 138.2 | 149.7 | 157.6 | 148.7 | 118.2 | 82.4 | 95.4 | 90.2 | 82.1 | 66.3 | 28.9 | 29.5 | 18.4 |
| Other Current Assets | 498.8 | 448.2 | 472.8 | 450.9 | 0 | 0 | 0 | 0 | 0 | 0 | 3.1 | 4.0 | 54.3 |
| Total Current Assets | 1,138.5 | 1,010.1 | 1,313.1 | 1,872.9 | 3,301.6 | 3,557.5 | 730.1 | 550.3 | 518.3 | 411.1 | 151.6 | 249.7 | 276.6 |
| Non-Current Assets | |||||||||||||
| Property, Plant & Equipment | 19,068.8 | 16,810.7 | 16,433.3 | 14,516.4 | 13,528.8 | 13,411.2 | 13,371.9 | 12,119.3 | 11,040.5 | 10,117.7 | 3,836.1 | 4,119.2 | 2,515.1 |
| Goodwill | 135.8 | 135.8 | 98.1 | 98.1 | 98.1 | 98.1 | 1,388.9 | 1,388.9 | 1,388.9 | 1,388.9 | 0 | 0 | 392.6 |
| Intangible Assets | 0 | 500.5 | 500.5 | 500.5 | 500.5 | 500.5 | 827.8 | 846.3 | 872.4 | 908.1 | 7.9 | 6.0 | 218.5 |
| Long-Term Investments | 0 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2,198.3 | 1,512.1 | 1,147.9 | 1,569.8 | 1,300.8 | 831.9 | 365.8 | 301.2 | 274.7 | 148.1 | 220.9 | 75.4 | 82.1 |
| Total Non-Current Assets | 21,402.9 | 18,959.7 | 18,179.8 | 16,684.8 | 15,428.3 | 14,841.8 | 15,954.5 | 14,655.7 | 13,576.5 | 12,562.8 | 4,659.8 | 4,797.4 | 3,208.4 |
| Total Assets | 22,541.4 | 19,969.8 | 19,493.0 | 18,557.7 | 18,729.8 | 18,399.3 | 16,684.6 | 15,206.0 | 14,094.9 | 12,973.9 | 4,811.3 | 5,047.1 | 3,485.0 |
| Current Liabilities | |||||||||||||
| Account Payables | 169.7 | 171.1 | 174.3 | 228.7 | 233.2 | 83.1 | 100.8 | 159.6 | 53.4 | 38.0 | 28.4 | 70.4 | 69.9 |
| Short-Term Debt | 875.9 | 1,323.8 | 1,744.8 | 991.1 | 876.9 | 124.9 | 746.4 | 681.2 | 619.4 | 560.2 | 3.6 | 182.5 | 86.2 |
| Deferred Revenue | 0 | 3,106.0 | 3,060.7 | 2,516.5 | 1,561.3 | 1,109.8 | 1,955.0 | 1,593.2 | 1,303.5 | 1,172.9 | 206.6 | 488.3 | 113.5 |
| Other Current Liabilities | 4,407.0 | (27.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 255.4 | 250.6 | 231.9 |
| Total Current Liabilities | 5,452.6 | 5,780.9 | 6,038.7 | 5,054.9 | 3,730.4 | 1,913.9 | 3,584.4 | 3,150.5 | 2,490.0 | 2,312.8 | 494.0 | 991.8 | 501.4 |
| Non-Current Liabilities | |||||||||||||
| Long-Term Debt | 13,730.3 | 11,776.7 | 12,314.1 | 12,630.4 | 11,569.7 | 11,681.2 | 6,055.3 | 5,810.9 | 5,688.4 | 5,838.5 | 2,554.1 | 2,474.0 | 1,604.3 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1,148.7 | 198.1 | 839.3 | 803.9 | 997.1 | 450.1 | 529.3 | 281.6 | 166.7 | 284.9 | 58.7 | 31.5 | 5.7 |
| Total Non-Current Liabilities | 14,878.9 | 12,763.5 | 13,153.5 | 13,434.3 | 12,566.8 | 12,131.3 | 6,584.6 | 6,092.5 | 5,855.1 | 6,123.4 | 2,612.8 | 2,505.5 | 1,610.1 |
| Total Liabilities | 20,331.5 | 18,544.4 | 19,192.2 | 18,489.1 | 16,297.2 | 14,045.2 | 10,169.0 | 9,243.0 | 8,345.1 | 8,436.2 | 3,106.8 | 3,497.3 | 2,111.5 |
| Stockholders' Equity | |||||||||||||
| Common Stock | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (5,566.6) | (5,989.9) | (6,900.1) | (7,066.3) | (4,796.4) | (295.4) | 3,829.1 | 2,898.8 | 1,963.1 | 1,201.1 | (626.1) | (693.3) | (117.3) |
| Accumulated Other Comprehensive Income | (451.4) | (507.0) | (508.4) | (477.1) | (285.1) | (240.1) | (295.5) | (161.6) | 27.0 | (314.5) | 2.3 | 0.1 | (162.7) |
| Total Stockholders' Equity | 2,209.9 | 1,425.4 | 300.8 | 68.6 | 2,432.7 | 4,354.1 | 6,515.6 | 5,963.0 | 5,749.8 | 4,537.7 | 1,704.6 | 1,549.8 | 1,373.5 |
| Total Liabilities & Equity | 22,541.4 | 19,969.8 | 19,493.0 | 18,557.7 | 18,729.8 | 18,399.3 | 16,684.6 | 15,206.0 | 14,094.9 | 12,973.9 | 4,811.3 | 5,047.1 | 3,485.0 |
| Debt Metrics | |||||||||||||
| Total Debt | 14,606.2 | 13,916.5 | 14,058.9 | 13,621.5 | 12,446.6 | 11,806.1 | 6,801.7 | 6,492.1 | 6,307.8 | 6,398.7 | 2,557.7 | 2,656.5 | 1,690.5 |
| Net Debt | 14,396.3 | 13,725.7 | 13,656.5 | 12,674.5 | 10,939.9 | 8,505.6 | 6,548.8 | 6,328.2 | 6,131.6 | 6,270.3 | 2,507.5 | 2,470.8 | 1,518.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 423.2 | 910.3 | 166.2 | (2,269.9) | (4,506.6) | (4,012.5) | 930.2 | 954.8 | 759.9 | 633.1 | 19.2 | (8.7) |
| Depreciation & Amortization | 1,162.1 | 973.5 | 883.2 | 810.1 | 758.6 | 739.6 | 647.1 | 567.0 | 521.5 | 445.6 | 104.2 | 87.4 |
| Stock-Based Compensation | 88.4 | 91.8 | 118.9 | 113.6 | 124.1 | 111.3 | 95.1 | 116.0 | 87.0 | 66.4 | 0 | 0 |
| Change in Working Capital | 4.5 | 225.4 | 809.4 | 1,359.6 | (204.1) | (1,075.4) | 165.2 | 429.5 | 199.2 | 74.1 | 37.4 | 43.2 |
| Other Non-Cash Items | 411.5 | (151.2) | 28.0 | 197.9 | 1,359.9 | 1,668.0 | 11.2 | 6.4 | 9.0 | 22.9 | (26.1) | 24.5 |
| Operating Cash Flow | 2,089.7 | 2,049.8 | 2,005.7 | 210.0 | (2,468.0) | (2,556.2) | 1,822.6 | 2,075.2 | 1,585.7 | 1,239.7 | 134.7 | 146.3 |
| Investing Activities | ||||||||||||
| Capital Expenditure | (3,259.6) | (1,211.0) | (2,750.4) | (1,783.9) | (752.8) | (946.5) | (1,637.2) | (1,566.8) | (1,372.2) | (1,092.1) | (656.7) | (740.8) |
| Acquisitions | 0 | (27.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0 | 0 | (4.6) |
| Purchases of Investments | 0 | 0 | 0 | (224.1) | (1,033.5) | (31.5) | (47.1) | (1.7) | (35.7) | (36.8) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 240 | 770 | 0 | 0.3 | 64.8 | 2.3 | 0 | 0 | 0 |
| Other Investing Activities | (5.1) | 8.9 | (146.8) | 12.1 | 12.3 | 2.7 | 3.8 | 1.0 | 0.2 | (36.8) | (19.5) | 2.2 |
| Investing Cash Flow | (3,264.7) | (1,229.4) | (2,897.1) | (1,755.9) | (1,004.0) | (975.4) | (1,680.2) | (1,502.7) | (1,404.9) | (1,128.9) | (676.2) | (743.3) |
| Financing Activities | ||||||||||||
| Net Debt Issuance | 1,311.1 | (870.4) | 564.7 | 1,232.8 | 488.3 | 5,182.6 | 315.6 | 188.6 | (100.5) | 9.9 | 435.3 | 585.1 |
| Stock Repurchased | (23.8) | (25.3) | (26.9) | (21.0) | (16.7) | (15.4) | (370.8) | (678.7) | 0 | (50.0) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (238.1) | (136.3) | (196.3) | (230.9) | (1,462.3) | (135.3) | (30.1) | (123.6) | (62.5) | (67.4) | (5.8) | (14.9) |
| Financing Cash Flow | 1,194.1 | (1,032.1) | 346.9 | 986.2 | 1,678.2 | 6,579.2 | (53.4) | (584.8) | (133) | (98.3) | 429.5 | 570.2 |
| Cash Position | ||||||||||||
| Net Change in Cash | 19.1 | (211.7) | (544.6) | (559.7) | (1,793.8) | 3,047.6 | 89.0 | (12.3) | 47.8 | 12.4 | (112.0) | (26.7) |
| Cash at Beginning | 190.8 | 402.4 | 947.0 | 1,506.6 | 3,300.5 | 252.9 | 163.9 | 176.2 | 128.3 | 115.9 | 172.4 | 199.1 |
| Cash at End | 209.9 | 190.8 | 402.4 | 947.0 | 1,506.6 | 3,300.5 | 252.9 | 163.9 | 176.2 | 128.3 | 60.4 | 172.4 |
| Free Cash Flow | (1,169.9) | 838.9 | (744.6) | (1,573.8) | (3,220.9) | (3,502.8) | 185.4 | 508.4 | 213.5 | 147.6 | (522.0) | (594.5) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||
| Revenue | 9,827.6 | 9,479.7 | 8,549.9 | 4,843.8 | 648.0 | 1,279.9 | 6,462.4 | 6,055.1 | 5,396.2 | 4,874.3 | 4,345.0 | 3,125.9 | 2,570.3 | 2,276.2 | 2,219.3 | 2,012.1 | 1,855.2 | 2,106.4 | 2,172.8 | 1,976.3 | 1,616.2 | 1,338.3 |
| Gross Profit | 3,141.7 | 3,791.0 | 3,081.3 | 576.7 | (960.1) | (413.2) | 2,799.1 | 2,678.1 | 2,332.5 | 2,024.1 | 1,689.6 | 1,179.3 | 912.6 | 797.8 | 751.4 | 664.8 | 565.8 | 527.9 | 479.9 | 408.9 | 405.6 | 356.7 |
| Operating Income | 1,592.9 | 1,465.9 | 930.9 | (1,551.8) | (2,552.3) | (3,484.1) | 1,178.1 | 1,219.1 | 1,048.8 | 925.5 | 702.5 | 502.9 | 395.9 | 357.1 | 316.1 | 230.2 | 171.4 | (63.2) | 42.2 | 32.6 | 73.3 | 50.3 |
| Net Income | 423.2 | 910.3 | 166.2 | (2,269.9) | (4,506.6) | (4,012.5) | 930.2 | 954.8 | 759.9 | 633.1 | 427.1 | 338.4 | 101.7 | 168.6 | 126.9 | 23.0 | 67.0 | (211.8) | (227.0) | (130.9) | 16.2 | (8.7) |
| EPS (Diluted) | 0.90 | 1.89 | 0.39 | -5.41 | -12.33 | -15.75 | 4.30 | 4.25 | 3.31 | 2.78 | 1.86 | 1.62 | 0.49 | 0.84 | 0.62 | 0.11 | 0.33 | -1.04 | -1.12 | -0.64 | 0.08 | -0.04 |
| Balance Sheet | ||||||||||||||||||||||
| Cash & Equivalents | 209.9 | 190.8 | 402.4 | 947.0 | 1,506.6 | 3,300.5 | 252.9 | 163.9 | 176.2 | 128.3 | 50.2 | 185.7 | 172.4 | |||||||||
| Total Assets | 22,541.4 | 19,969.8 | 19,493.0 | 18,557.7 | 18,729.8 | 18,399.3 | 16,684.6 | 15,206.0 | 14,094.9 | 12,973.9 | 4,811.3 | 5,047.1 | 3,485.0 | |||||||||
| Total Debt | 14,606.2 | 13,916.5 | 14,058.9 | 13,621.5 | 12,446.6 | 11,806.1 | 6,801.7 | 6,492.1 | 6,307.8 | 6,398.7 | 2,557.7 | 2,656.5 | 1,690.5 | |||||||||
| Stockholders' Equity | 2,209.9 | 1,425.4 | 300.8 | 68.6 | 2,432.7 | 4,354.1 | 6,515.6 | 5,963.0 | 5,749.8 | 4,537.7 | 1,704.6 | 1,549.8 | 1,373.5 | |||||||||
| Cash Flow | ||||||||||||||||||||||
| Operating Cash Flow | 2,089.7 | 2,049.8 | 2,005.7 | 210.0 | (2,468.0) | (2,556.2) | 1,822.6 | 2,075.2 | 1,585.7 | 1,239.7 | 134.7 | 146.3 | ||||||||||
| Capital Expenditure | (3,259.6) | (1,211.0) | (2,750.4) | (1,783.9) | (752.8) | (946.5) | (1,637.2) | (1,566.8) | (1,372.2) | (1,092.1) | (656.7) | (740.8) | ||||||||||
| Free Cash Flow | (1,169.9) | 838.9 | (744.6) | (1,573.8) | (3,220.9) | (3,502.8) | 185.4 | 508.4 | 213.5 | 147.6 | (522.0) | (594.5) | ||||||||||