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NCLH

S&P 500
Neutral · 45/100

Norwegian Cruise Line Holdings

Consumer Discretionary
Hotels, Resorts & Cruise Lines

$20.04

2.0%

Updated Today 7:15 PM ET

Price — Past Year

▲ Up 11.1% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
Key Metrics

Market Cap

$9.38B

P/E

16.52x

Forward P/E (est.)

23.19x

ROE

27.0%

Revenue Growth

6.5%

EPS Growth

-28.8%

Profit Margin

5.7%

FCF Yield

7.1%

Debt / Equity

6.61x

ROIC

31.0%

Interest Coverage

2.15x

Current Ratio

0.21x

Dividend Yield

Implied Growth (rev. DCF)

Rating Score

45/100

Technical Analysis (Educational)
Research

Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what NCLH's chart says today, with each tool explained.

Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. NCLH trades near $20.04, around its 50-day average ($18.27) and 200-day average ($21.01). Price tangled in its moving averages means there is no clear trend — the stock is ranging.

Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 65 it is in neutral territory — neither stretched nor washed out.

MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.

Volatility — ATR. Average True Range is the typical daily move. NCLH's is $0.97 (~4.8% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month NCLH found buyers near $15.43 (support) and sellers near $20.84 (resistance); its 52-week range is $14.53–$27.18. A decisive break beyond either edge often marks the next move.

Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.

Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.

Business Overview
Research

Norwegian Cruise Line Holdings (NCLH) is a mid-cap company in the Hotels, Resorts & Cruise Lines industry, part of the Consumer Discretionary sector of the S&P 500, with a market value around $9.38B.

In its latest reported year it generated about $9.83B in revenue and $423.25M in net profit.

Our model rates NCLH Neutral (45/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Revenue Growth
Research

4Y CAGR

97.3%

Revenue moved from $647.99M in 2021 to $9.83B in 2025, a 97.3% compound annual growth rate. The most recent year grew a steady 6.5% year over year. Slower, mature growth is common for established businesses.

Profitability
Research

Gross Margin

43.0%

Operating Margin

15.9%

Net Margin

4.3%

ROE

27.0%

Norwegian Cruise Line Holdings keeps about 5.7% of each sales dollar as net profit, with a 43.0% gross margin and 15.9% operating margin. Return on equity is 27.0% and return on invested capital about 31.0%. Margins are moderate — typical of a competitive but profitable business.

Debt Analysis
Research

Total Debt

$1.55B

Net Debt

$1.37B

Net Debt / EBITDA

0.88x

Debt / Equity

6.61x

Leverage: debt-to-equity is 6.6x, and operating profit covers interest about 2.1x, with a current ratio of 0.2x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $1.55B of total debt against $185.05M of cash.

Cash Flow Analysis
Research

Operating CF

$2.09B

Free Cash Flow

-$1.17B

FCF Margin

-11.9%

In the latest year Norwegian Cruise Line Holdings produced about $2.09B of operating cash flow but negative free cash flow as it invested heavily. That is a free-cash-flow yield of about 7.1% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.

Valuation Analysis
Research

P/E

16.52x

P/S

0.95x

P/B

4.62x

EV / EBITDA

3.93x

NCLH trades at 16.5x trailing earnings (about 23.2x on estimated forward earnings), 0.9x sales, and 4.6x book value. That is a fairly typical valuation for a profitable company.

Metrics vs. Typical Range

Where this stock sits versus what most companies trade at.

TTM P/E
16.5xCheap
Forward P/E
23.2xFair
P/S ratio
0.9xCheap
Revenue growth
6.5%Strong
EPS growth
-28.8%Weak
Gross margin
43.0%Average
Net margin
5.7%Weak
ROE
27.0%Strong

Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.

Sector Peer Comparison

How NCLH stacks up against its Consumer Discretionary peers — valuation, profitability, and growth versus the sector median.

In the Consumer Discretionary sector (48 S&P 500 companies), NCLH ranks #33 of 48 by our overall rating. It trades at a discount versus the sector on earnings (16.5x P/E vs. 23.7x median) with a lower return on equity (27.0% vs. 39.2%) and faster revenue growth (6.5% vs. 6.2%).

P/E vs sector

16.5x

median 23.7x

ROE vs sector

27.0%

median 39.2%

Growth vs sector

6.5%

median 6.2%

Sector rank

#33

of 48 by rating

CompanyP/ERev Gr.Rating
NCLHThis stock16.5x6.5%Neutral· 45
EXPE19.4x10.0%Favorable· 59
CCL13.5x6.1%Neutral· 54
HLT51.5x8.7%Weak· 39
RCL18.8x9.8%Favorable· 66
ABNB33.6x12.6%Favorable· 66
MAR40.3x4.7%Weak· 38
BKNG21.6x14.9%Favorable· 68
Consumer Discretionary median23.7x6.2%54/100

Valuation vs. quality map

sector medianEXPECCLHLTRCLABNBMARBKNGNCLHP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Consumer Discretionary companies by sub-industry and size. Sector median is across all 48 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$12.01$20.42

vs. $20.04 today · expected CAGR -10%0%

Metric20262027202820292030
Revenue$10.52B$11.25B$12.04B$12.88B$13.78B
Net income$420.62M$450.06M$481.57M$515.28M$551.35M
EPS$0.92$0.98$1.05$1.12$1.20
Share price (low)$9.16$9.80$10.49$11.22$12.01
Share price (high)$15.57$16.67$17.83$19.08$20.42
CAGR (low–high)-54% / -22%-30% / -9%-19% / -4%-13% / -1%-10% / 0%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for NCLH:

  • Strong return on equity (27.0%) shows capital is put to work well.
  • Healthy free-cash-flow yield (~7.1%) funds buybacks and dividends.
Bear Case

The case against NCLH:

  • Elevated leverage (debt/equity 6.6x) adds financial risk.
  • Interest coverage is thin (2.1x), so debt costs bite.
Key Risks
Research

Balance-sheet risk — debt/equity of 6.6x magnifies the impact of higher rates or weaker earnings.

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the picture is mixed: Norwegian Cruise Line Holdings is a mid-cap consumer discretionary business growing at a mature pace, with modest profitability, and a heavier debt load to watch. It trades at 16.5x earnings, which our model scores Neutral (45/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.