Inside the research
Norwegian Cruise Line Holdings Ltd.
NCLH Research profile · latest available data
Price overview
$14.61
▲ +0.42 (+3.0%)
| 52w hi | $25.04 |
|---|---|
| 52w lo | $14.12 |
| Vol | 18.75M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.35
| Short | -0.42 |
|---|---|
| Medium | -0.46 |
| Long | -0.00 |
computed 2026-09-27
Key fundamentals
Norwegian Cruise Line Holdings Ltd.
Consumer Cyclical · Travel Services
| Market cap | $6.71B |
|---|---|
| Enterprise value | $22.47B |
| Trailing P/E | 8.85x |
| Forward P/E | 8.75x |
| EV / EBITDA | 8.66x |
| P / S (ttm) | 0.66x |
| Profit margin | 7.5% |
| Return on equity | 36.7% |
| Revenue growth | +4.9% |
| Earnings growth | +616.3% |
| Debt / equity | 621.05 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.33 | |
| Sector | -0.03 | |
| Technical | -0.43 | |
| Earnings | +0.00 | |
| Sentiment | +0.13 |
macro × 1.00 · 2026-09-27
Business overview
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii. The company also provides features, amenities, and activities, including various accommodations, dining venues, bars and lounges, spas, casino and retail shopping areas, and entertainment choices; shore excursions at each port of call, and air transportation and hotel packages for stays before or after a voyage. It offers its products and services under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company was founded in 1966 and is based in Miami, Florida.
Risk Metrics
| Beta vs SPX | 1.85 |
|---|---|
| Corr SPX | 0.56 |
| Annual vol | 52.8% |
| Annual ret | -4.0% |
| Sharpe | -0.08 |
| Max DD | -51.4% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $21.52 |
|---|---|
| High / Low | $32.00 / $14.00 |
| Median | $21.00 |
| Analysts | 21 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 10 | |
| Hold | 12 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-06 | Wells Fargo | → Overweight |
| 2026-05-05 | Susquehanna | → Neutral |
| 2026-05-05 | Morgan Stanley | → Equal-Weight |
| 2026-05-05 | Mizuho | → Outperform |
| 2026-05-05 | Citigroup | → Buy |
| 2026-05-05 | Barclays | → Equal-Weight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-06-16 | Officer / Director Change, Shareholder Vote… | read |
| 2026-05-29 | Other Material Event | read |
| 2026-05-04 | Earnings Release, Exhibits | read |
| 2026-03-27 | Material Agreement, Officer / Director Change… | read |
| 2026-03-27 | Officer / Director Change, Exhibits | read |
| 2026-03-16 | Other Material Event | read |
| 2026-03-02 | Earnings Release, Exhibits | read |
| 2026-02-12 | Earnings Release, Officer / Director Change… | read |
| 2025-11-04 | Earnings Release, Exhibits | read |
| 2025-09-18 | Material Agreement, Termination of Agreement… | read |
| 2025-09-11 | Material Agreement, Material Obligation… | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 7 |
| Top-5 share | 99.9% |
| HHI | 3,430 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Capital Research / Capital World | $512.57M | 24.28M |
| State Street Corp | $359.06M | 17.01M |
| Citadel Advisors | $265.32M | 12.57M |
| Millennium Management | $19.49M | 923.43K |
| AQR Capital Management | $2.97M | 140.60K |
| Fidelity / FMR LLC | $1.39M | 65.90K |
| T. Rowe Price Group | $178.53K | 8.46M |
As of 2026-06-30
SEC Filings
The Long Run
FY 2013–2025 · 13 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $4.87B | +75.4% | |
| Operating income | $1.47B | +21.6% | |
| Net income | $423.25M | +19.5% | |
| Cash from ops | $2.01B | +26.0% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $14.43 | $14.87 | $14.12 | $14.61 | 18.75M |
| Sep 24 | $14.01 | $14.55 | $13.97 | $14.19 | 20.75M |
| Sep 23 | $14.14 | $14.28 | $13.63 | $14.18 | 23.14M |
| Sep 22 | $14.75 | $14.98 | $14.17 | $14.22 | 25.19M |
| Sep 21 | $14.35 | $14.60 | $14.20 | $14.24 | 16.68M |
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