Norwegian Cruise Line Holdings Ltd. · Water Transportation

NCLH

Low riskNext report: In 6 days (est.)

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The short version

A profitable company with steady sales.

Going well

Profitable
High return on equity: 23%

Watch out for

High debt: 6.21x equity

Money moves

No insider buying or selling in the last 30 days

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$15.25+1.1% that day

Company value: $7.0B; Share price times all shares
Price vs profit (P/E): 9.4x; You pay about $9 for each $1 of yearly profit
Price vs sales: 0.69x; Company value is 0.69 times a year of sales
Cash vs value: 3%; Cash as a share of company value
Debt vs value: 196%; Owes more than the whole company is worth

From NCLH's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$2.6B+4.9% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $10.2B, up 6.2% from the 12 months before. Over 5 years, sales grew about 50% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of NCLH. Starting points are the company's recent numbers.

Sales growth+6% a yearRecently: +6.2% a yearProfit margin7%Last 12 months: 7.5%P/E at the end9xToday: 9.4x. Many steady companies trade at 12x to 25xShare count change+5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$13.6B

Profit in 5 years$951M

Price these guesses point to$14.61-4.2% vs $15.25 todayAbout -0.9% a year, before dividends

What today's price needs: with a 7% margin and a 9x P/E, sales would have to grow about 6.9% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/6Weak

PassReturn on equity 15%+Earns a lot on the money owners have in the business.23.3%
MissDebt under half of equityNot relying on borrowed money.6.21x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.4.3%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.2B
MissShare count not growingNot diluting owners. Falling means buybacks.+13.8% in 3 years

Revenue: $9.8B; +3.7% vs prior year
5-year growth: +50.3%/yr; revenue, per year
Total debt: $13.7B; 6.21x equity
Current ratio: 0.21x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.