Norwegian Cruise Line Holdings Ltd. - Understand $nclh stock

$NCLH Market Cap: $12.17 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$9.357B

TTM

Gross Margin

38.5%

TTM

Net Earnings

$549.2M

TTM

Current Assets

$1.179B

Q3 2024

Current Liabilities

$6.039B

Q3 2024

Current Ratio

19.53%

Q3 2024

Total Assets

$19.79B

Q3 2024

Total Liabilities

$18.65B

Q3 2024

Book Value

$1.135B

Q3 2024

Cash

$332.5M

Q3 2024

P/E

22.16

Nov 29, 2024 EST

Free Cash Flow

$294.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$8.550B	$4.844B	$648.0M	$1.280B	$6.462B	$6.055B	$5.396B	$4.874B	$4.345B	$3.126B	$2.570B	$2.276B	$2.219B	$2.012B	$1.855B
YoY Change	76.51%	647.51%	-49.37%	-80.19%	6.73%	12.21%	10.71%	12.18%	39.0%	21.62%	12.92%	2.56%	10.3%	8.46%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$8.550B	$4.844B	$648.0M	$1.280B	$6.462B	$6.055B	$5.396B	$4.874B	$4.345B	$3.126B	$2.570B	$2.276B	$2.219B	$2.012B	$1.855B
Cost Of Revenue	$5.469B	$4.267B	$1.608B	$1.693B	$3.663B	$3.377B	$3.064B	$2.850B	$2.655B	$1.947B	$1.658B	$1.478B	$1.468B	$1.347B	$1.290B
Gross Profit	$3.081B	$576.7M	-$960.1M	-$413.2M	$2.799B	$2.678B	$2.333B	$2.024B	$1.690B	$1.179B	$912.6M	$797.8M	$751.4M	$665.0M	$565.4M
Gross Profit Margin	36.04%	11.91%	-148.16%	-32.28%	43.31%	44.23%	43.23%	41.53%	38.89%	37.73%	35.51%	35.05%	33.86%	33.05%	30.48%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$1.342B	$1.379B	$891.5M	$745.3M	$974.9M	$897.9M	$773.8M	$651.3M	$555.0M	$403.2M	$301.2M	$251.2M	$251.4M	$264.2M	$241.6M
YoY Change	-2.7%	54.7%	19.6%	-23.54%	8.57%	16.05%	18.8%	17.35%	37.65%	33.88%	19.89%	-0.07%	-4.86%	9.35%
% of Gross Profit	43.55%	239.15%			34.83%	33.53%	33.17%	32.18%	32.85%	34.19%	33.0%	31.48%	33.45%	39.73%	42.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$883.2M	$810.1M	$758.6M	$739.6M	$647.1M	$567.0M	$521.5M	$445.6M	$450.3M	$304.9M	$245.1M	$216.1M	$211.0M	$191.9M	$169.7M
YoY Change	9.03%	6.78%	2.57%	14.3%	14.13%	8.72%	17.03%	-1.04%	47.69%	24.39%	13.41%	2.41%	9.98%	13.08%
% of Gross Profit	28.66%	140.47%			23.12%	21.17%	22.36%	22.01%	26.65%	25.85%	26.86%	27.09%	28.09%	28.86%	30.01%
Operating Expenses	$2.150B	$2.128B	$1.592B	$3.071B	$1.621B	$1.459B	$1.284B	$1.084B	$987.2M	$676.3M	$301.2M	$251.2M	$251.4M	$434.3M	$394.3M
YoY Change	1.03%	33.67%	-48.15%	89.45%	11.11%	13.65%	18.43%	9.8%	45.97%	124.57%	19.89%	-0.07%	-42.13%	10.14%
Operating Profit	$930.9M	-$1.552B	-$2.552B	-$3.484B	$1.178B	$1.219B	$1.049B	$940.2M	$702.4M	$503.0M	$395.9M	$357.1M	$316.1M	$230.7M	$171.1M
YoY Change	-159.99%	-39.2%	-26.74%	-395.75%	-3.36%	16.23%	11.55%	33.86%	39.64%	27.06%	10.86%	12.96%	37.02%	34.83%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$727.5M	$800.0M	$2.100B	$482.3M	$272.9M	$270.4M	$267.8M	-$296.1M	-$237.6M	-$158.0M	-$283.0M	-$191.1M	-$190.2M	-$173.7M	-$114.5M
YoY Change	-9.06%	-61.9%	335.41%	76.73%	0.92%	0.97%	-190.44%	24.62%	50.38%	-44.17%	48.09%	0.47%	9.5%	51.7%
% of Operating Profit	78.15%				23.16%	22.18%	25.53%	-31.49%	-33.83%	-31.41%	-71.49%	-53.52%	-60.17%	-75.29%	-66.92%
Other Income/Expense, Net	-$767.7M	-$724.9M	-$1.949B	-$515.9M	-$266.7M	-$249.8M	-$278.2M	$11.00M	-$31.00M	-$4.600M	-$281.2M	-$187.8M	-$187.6M	-$34.00M	$10.40M
YoY Change	5.9%	-62.8%	277.77%	93.43%	6.79%	-10.23%	-2629.14%	-135.48%	573.91%	-98.36%	49.71%	0.15%	451.63%	-426.92%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$163.2M	-$2.277B	-$4.501B	-$4.000B	$911.4M	$969.3M	$770.6M	$640.3M	$433.9M	$340.3M	$114.7M	$169.3M	$128.6M	$23.00M	$67.00M
YoY Change	-107.17%	-49.42%	12.53%	-538.91%	-5.98%	25.78%	20.35%	47.57%	27.51%	196.72%	-32.24%	31.66%	458.95%	-65.67%
Income Tax	-$3.002M	-$6.794M	$5.267M	$12.47M	-$18.86M	$14.47M	$10.74M	$7.200M	$6.800M	-$2.300M	$11.80M	$706.0K	$1.700M	$0.00	$0.00
% Of Pretax Income	-1.84%				-2.07%	1.49%	1.39%	1.12%	1.57%	-0.68%	10.29%	0.42%	1.32%	0.0%	0.0%
Net Earnings	$166.2M	-$2.270B	-$4.507B	-$4.013B	$930.2M	$954.8M	$759.9M	$633.1M	$427.1M	$338.4M	$101.7M	$168.6M	$126.9M	$23.00M	$67.00M
YoY Change	-107.32%	-49.63%	12.31%	-531.35%	-2.58%	25.66%	20.02%	48.23%	26.21%	232.7%	-39.66%	32.87%	451.56%	-65.67%
Net Earnings / Revenue	1.94%	-46.86%	-695.48%	-313.5%	14.39%	15.77%	14.08%	12.99%	9.83%	10.83%	3.96%	7.4%	5.72%	1.14%	3.61%
Basic Earnings Per Share	$0.39	-$5.41	-$12.33	-$15.75	$4.33	$4.28	$3.33				$0.50	$0.95	$0.71
Diluted Earnings Per Share	$0.39	-$5.41	-$12.33	-$15.75	$4.30	$4.25	$3.31	$2.778M	$1.857M	$1.596M	$0.49	$0.94	$0.71	$128.9K	$375.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$402.4M	$947.0M	$1.747B	$3.300B	$253.0M	$164.0M	$176.0M	$128.0M	$116.0M	$85.00M	$56.00M	$46.00M	$59.00M	$55.00M
YoY Change	-57.51%	-45.78%	-47.07%	1204.35%	54.27%	-6.82%	37.5%	10.34%	36.47%	51.79%	21.74%	-22.03%	7.27%
Cash & Equivalents	$402.4M	$947.0M	$1.507B	$3.300B	$253.0M	$164.0M	$176.0M	$128.0M	$116.0M	$85.00M	$56.00M	$46.00M	$59.00M	$55.00M
Short-Term Investments		$0.00	$240.0M
Other Short-Term Assets	$472.8M	$450.9M	$269.2M	$154.0M	$307.0M	$241.0M	$216.0M	$153.0M	$121.0M	$110.0M	$65.00M	$65.00M	$49.00M	$43.00M
YoY Change	4.86%	67.47%	74.83%	-49.84%	27.39%	11.57%	41.18%	26.45%	10.0%	69.23%	0.0%	32.65%	13.95%
Inventory	$157.6M	$148.7M	$118.2M	$82.00M	$95.00M	$90.00M	$82.00M	$66.00M	$58.00M	$57.00M	$44.00M	$40.00M	$36.00M	$33.00M
Prepaid Expenses
Receivables	$280.3M	$326.3M	$1.167B	$21.00M	$75.00M	$55.00M	$44.00M	$63.00M	$45.00M	$32.00M	$18.00M	$15.00M	$8.000M	$8.000M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.313B	$1.873B	$3.302B	$3.558B	$730.0M	$550.0M	$518.0M	$411.0M	$340.0M	$284.0M	$183.0M	$165.0M	$152.0M	$138.0M
YoY Change	-29.89%	-43.27%	-7.21%	387.4%	32.73%	6.18%	26.03%	20.88%	19.72%	55.19%	10.91%	8.55%	10.14%
Property, Plant & Equipment	$16.43B	$14.52B	$14.32B	$13.62B	$13.37B	$12.12B	$11.04B	$10.12B	$9.459B	$8.624B	$5.648B	$4.960B	$4.640B	$4.639B
YoY Change	13.21%	1.35%	5.16%	1.85%	10.34%	9.77%	9.11%	6.97%	9.68%	52.69%	13.87%	6.9%	0.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.148B	$1.570B	$506.6M	$623.0M	$366.0M	$301.0M	$275.0M	$153.0M	$151.0M	$178.0M	$209.0M	$202.0M	$167.0M	$192.0M
YoY Change	-26.88%	209.86%	-18.68%	70.22%	21.59%	9.45%	79.74%	1.32%	-15.17%	-14.83%	3.47%	20.96%	-13.02%
Total Long-Term Assets	$18.18B	$16.68B	$15.43B	$14.84B	$15.96B	$14.66B	$13.58B	$12.56B	$11.93B	$11.19B	$6.468B	$5.773B	$5.410B	$5.434B
YoY Change	8.96%	8.14%	3.96%	-6.98%	8.86%	7.95%	8.07%	5.35%	6.62%	72.93%	12.04%	6.71%	-0.44%
Total Assets	$19.49B	$18.56B	$18.73B	$18.40B	$16.69B	$15.21B	$14.10B	$12.97B	$12.27B	$11.47B	$6.651B	$5.938B	$5.562B	$5.572B
YoY Change
Accounts Payable	$174.3M	$228.7M	$233.2M	$83.00M	$101.0M	$160.0M	$53.00M	$38.00M	$51.00M	$102.0M	$87.00M	$79.00M	$80.00M	$64.00M
YoY Change	-23.78%	-1.9%	180.93%	-17.82%	-36.88%	201.89%	39.47%	-25.49%	-50.0%	17.24%	10.13%	-1.25%	25.0%
Accrued Expenses	$1.059B	$1.318B	$1.059B	$596.0M	$731.0M	$715.0M	$509.0M	$432.0M	$456.0M	$402.0M	$236.0M	$231.0M	$208.0M	$217.0M
YoY Change	-19.69%	24.5%	77.69%	-18.47%	2.24%	40.47%	17.82%	-5.26%	13.43%	70.34%	2.16%	11.06%	-4.15%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.745B	$991.1M	$876.9M	$125.0M	$746.0M	$681.0M	$619.0M	$560.0M	$630.0M	$577.0M	$287.0M	$221.0M	$201.0M	$78.00M
YoY Change	76.04%	13.03%	601.51%	-83.24%	9.54%	10.02%	10.54%	-11.11%	9.19%	101.05%	29.86%	9.95%	157.69%
Total Short-Term Liabilities	$6.039B	$5.055B	$3.730B	$1.914B	$3.584B	$3.151B	$2.490B	$2.313B	$2.367B	$2.087B	$1.075B	$945.0M	$817.0M	$653.0M
YoY Change	19.46%	35.5%	94.9%	-46.6%	13.74%	26.55%	7.65%	-2.28%	13.42%	94.14%	13.76%	15.67%	25.11%
Long-Term Debt	$12.31B	$12.63B	$11.57B	$11.68B	$6.055B	$5.811B	$5.688B	$5.838B	$5.768B	$5.503B	$2.841B	$2.764B	$2.837B	$3.126B
YoY Change	-2.5%	9.17%	-0.95%	92.91%	4.2%	2.16%	-2.57%	1.21%	4.82%	93.7%	2.79%	-2.57%	-9.25%
Other Long-Term Liabilities	$839.3M	$803.9M	$997.1M	$450.0M	$529.0M	$282.0M	$167.0M	$285.0M	$350.0M	$361.0M	$103.0M	$210.0M	$63.00M	$53.00M
YoY Change	4.41%	-19.38%	121.57%	-14.93%	87.59%	68.86%	-41.4%	-18.57%	-3.05%	250.49%	-50.95%	233.33%	18.87%
Total Long-Term Liabilities	$13.15B	$13.43B	$12.57B	$12.13B	$6.584B	$6.093B	$5.855B	$6.123B	$6.118B	$5.864B	$2.944B	$2.974B	$2.900B	$3.179B
YoY Change	-2.09%	6.9%	3.59%	84.25%	8.06%	4.06%	-4.38%	0.08%	4.33%	99.18%	-1.01%	2.55%	-8.78%
Total Liabilities	$19.19B	$18.49B	$16.30B	$14.05B	$10.17B	$9.243B	$8.345B	$8.436B	$8.484B	$7.950B	$4.042B	$3.928B	$3.718B	$3.832B
YoY Change	3.8%	13.45%	16.04%	38.12%	10.02%	10.76%	-1.08%	-0.57%	6.72%	96.68%	2.9%	5.65%	-2.97%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012	2011
Basic Shares Outstanding	424.4M	419.8M	365.4M	254.7M	214.9M	223.0M	228.0M	206.5M shares	203.0M shares	178.2M shares	177.9M shares
Diluted Shares Outstanding	427.4M	419.8M	365.4M	254.7M	216.5M	224.4M	229.4M	212.0M shares	209.2M shares	179.0M shares	178.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $12.171 Billion

About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. The company is headquartered in Miami, Florida and currently employs 41,000 full-time employees. The company went IPO on 2013-01-18. The firm operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The firm has 32 ships with approximately 66,500 berths. Its brands offer itineraries to various destinations, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. Its brands offer various features, amenities and activities, including a variety of accommodations, multiple dining venues, bars and lounges, spa, casino and retail shopping areas and numerous entertainment choices. All brands also offer a selection of shore excursions at each port of call as well as hotel packages for stays before or after a voyage. Its Norwegian ships offer up to approximately 20 dining options. Its Oceania Cruises offers onboard dining, with multiple open-seating dining venues. The Norwegian, Oceania Cruises and Regent fleets offer a mix of staterooms, suites and villas.

Industry: Water Transportation Peers: Airbnb, Inc. CARNIVAL CORP CHOICE HOTELS INTERNATIONAL INC /DE Expedia Group, Inc. Hilton Grand Vacations Inc. Hyatt Hotels Corp MARRIOTT VACATIONS WORLDWIDE Corp ROYAL CARIBBEAN CRUISES LTD Travel & Leisure Co. WYNDHAM HOTELS & RESORTS, INC.