NCLH Valuation

Norwegian Cruise Line Holdings Ltd

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24.840

-0.55(-2.166%)1D

Overview
Forecast
Valuation
Earnings

NCLH Relative Valuation

NCLH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NCLH is overvalued; if below, it's undervalued.

Historical Valuation

Norwegian Cruise Line Holdings Ltd (NCLH) is now in the Undervalued zone, suggesting that its current forward PS ratio of 1.06 is considered Undervalued compared with the five-year average of 26.64. The fair price of Norwegian Cruise Line Holdings Ltd (NCLH) is between 31.94 to 38.05 according to relative valuation methord. Compared to the current price of 24.84 USD , Norwegian Cruise Line Holdings Ltd is Undervalued By 22.22%.

Relative Value

Fair Zone

31.94-38.05

Current Price：24.84

22.22%

Undervalued

10.86

Trailing

Forward

8.89

EV/EBITDA

Norwegian Cruise Line Holdings Ltd. (NCLH) has a current EV/EBITDA of 8.89. The 5-year average EV/EBITDA is -5.58. The thresholds are as follows: Strongly Undervalued below -95.77, Undervalued between -95.77 and -50.67, Fairly Valued between 39.52 and -50.67, Overvalued between 39.52 and 84.62, and Strongly Overvalued above 84.62. The current Forward EV/EBITDA of 8.89 falls within the Historic Trend Line -Fairly Valued range.

14.13

EV/EBIT

Norwegian Cruise Line Holdings Ltd. (NCLH) has a current EV/EBIT of 14.13. The 5-year average EV/EBIT is 31.73. The thresholds are as follows: Strongly Undervalued below -277.51, Undervalued between -277.51 and -122.89, Fairly Valued between 186.36 and -122.89, Overvalued between 186.36 and 340.98, and Strongly Overvalued above 340.98. The current Forward EV/EBIT of 14.13 falls within the Historic Trend Line -Fairly Valued range.

1.06

Norwegian Cruise Line Holdings Ltd. (NCLH) has a current PS of 1.06. The 5-year average PS is 3.95. The thresholds are as follows: Strongly Undervalued below -25.42, Undervalued between -25.42 and -10.73, Fairly Valued between 18.63 and -10.73, Overvalued between 18.63 and 33.32, and Strongly Overvalued above 33.32. The current Forward PS of 1.06 falls within the Historic Trend Line -Fairly Valued range.

4.78

P/OCF

Norwegian Cruise Line Holdings Ltd. (NCLH) has a current P/OCF of 4.78. The 5-year average P/OCF is 5.27. The thresholds are as follows: Strongly Undervalued below -23.95, Undervalued between -23.95 and -9.34, Fairly Valued between 19.89 and -9.34, Overvalued between 19.89 and 34.50, and Strongly Overvalued above 34.50. The current Forward P/OCF of 4.78 falls within the Historic Trend Line -Fairly Valued range.

-569.85

P/FCF

Norwegian Cruise Line Holdings Ltd. (NCLH) has a current P/FCF of -569.85. The 5-year average P/FCF is 1.38. The thresholds are as follows: Strongly Undervalued below -281.58, Undervalued between -281.58 and -140.10, Fairly Valued between 142.85 and -140.10, Overvalued between 142.85 and 284.33, and Strongly Overvalued above 284.33. The current Forward P/FCF of -569.85 falls within the Strongly Undervalued range.

Norwegian Cruise Line Holdings Ltd (NCLH) has a current Price-to-Book (P/B) ratio of 7.07. Compared to its 3-year average P/B ratio of 56.86 , the current P/B ratio is approximately -87.56% higher. Relative to its 5-year average P/B ratio of 35.07, the current P/B ratio is about -79.83% higher. Norwegian Cruise Line Holdings Ltd (NCLH) has a Forward Free Cash Flow (FCF) yield of approximately -4.49%. Compared to its 3-year average FCF yield of -9.61%, the current FCF yield is approximately -53.23% lower. Relative to its 5-year average FCF yield of -22.21% , the current FCF yield is about -79.77% lower.

7.07

P/B

Median3y

56.86

Median5y

35.07

-4.49

FCF Yield

Median3y

-9.61

Median5y

-22.21

Competitors Valuation Multiple

The average P/S ratio for NCLH's competitors is 3.08, providing a benchmark for relative valuation. Norwegian Cruise Line Holdings Ltd Corp (NCLH) exhibits a P/S ratio of 1.06, which is -65.47% above the industry average. Given its robust revenue growth of 6.11%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

NCLH.N

Norwegian Cruise Line Holdings Ltd

InterContinental Hotels Group PLC

Wyndham Hotels & Resorts Inc

Performance Decomposition

Market capitalization of NCLH increased by 21.11% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 8.16 to 16.13.

The secondary factor is the Revenue Growth, contributed 6.11%to the performance.

Overall, the performance of NCLH in the past 1 year is driven by P/E Change. Which is more unsustainable.

6.11%

2.37B → 2.52B

Revenue Growth

-82.73%

6.89 → 1.19

Margin Expansion

97.73%

8.16 → 16.13

P/E Change

21.11%