Stock AnalizNorwegian Cruise Line Holdings Ltd. NCLH
Marine Transportation · data as of November 13, 2026
Norwegian Cruise Line Holdings Ltd. (NCLH) is a consumer discretionary company listed in the US with a market value of about $8.2B. In the twelve months to September 30, 2026 it had revenue of $10.2B and net income of $833M, a net margin of 8.2%.
Its overall Stock Analiz score is 1.4 out of 5 (weak). The strongest part is value (2/5); the weakest is future growth (1/5).
Key numbers: a P/E of 9.8, 5-year revenue growth of 50% a year, a 5-year average ROIC of -1%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 88% below the current price.
Score: 1.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- 3-year revenue growth above 10% a year
- 5-year revenue growth above 8% a year
- ROE above 15%
- Interest covered more than 5 times
- Stock-based pay below 5% of revenue
Checks not passed
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.2B | $9.8B | $9.5B | $8.5B | $4.8B | $648M | $1.3B | $6.5B | $6.1B | $5.4B | $4.9B |
| Net income | $833M | $423M | $910M | $166M | -$2.3B | -$4.5B | -$4.0B | $930M | $955M | $760M | $633M |
| Free cash flow | -$564M | -$1.2B | $839M | -$745M | -$1.6B | -$3.2B | -$3.5B | $185M | $508M | $229M | $172M |
| EPS (diluted) | $1.83 | $0.92 | $1.89 | $0.39 | $-5.41 | $-12.33 | $-15.75 | $4.30 | $4.25 | $3.31 | $2.78 |
| Net margin | 8.2% | 4.3% | 9.6% | 1.9% | -46.9% | -695.5% | -313.5% | 14.4% | 15.8% | 14.1% | 13.0% |
| ROIC | — | 8.5% | 7.4% | 4.8% | -10.6% | -12.8% | -16.5% | 6.9% | 9.6% | 8.5% | 8.4% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 24 analysts is $19.67, 10% above the current price; targets range from $13.00 to $26.00; the consensus rating is “Buy”; expected EPS is $1.73 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Norwegian Cruise Line Holdings’s P/E ratio?
About 9.8, based on the last twelve months of diluted earnings per share (forward P/E about 36.6).
Is Norwegian Cruise Line Holdings stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 88% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Norwegian Cruise Line Holdings pay a dividend?
Not currently.
Is Norwegian Cruise Line Holdings a good stock to buy?
We do not give buy or sell advice. Norwegian Cruise Line Holdings scores 1.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.