Added to YB: 2025-12-11
Pitch date: 2025-10-16
NCLH [bullish]
Norwegian Cruise Line Holdings Ltd.
-5.4%
current return
Author Info
No bio for this author
Company Info
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally.
Market Cap
$9.5B
Pitch Price
$22.77
Price Target
71.90 (+245%)
Dividend
N/A
EV/EBITDA
9.09
P/E
14.93
EV/Sales
2.55
Sector
Hotels, Restaurants and Leisure
Category
value
Norwegian Cruise Line Holdings Ltd. - $NCLH
NCLH: Trades at 7.5x FY26E P/E vs peers at 11-17x despite strong fundamentals. Great Stirrup Cay driving yield/onboard spend, mix shift to profitable Caribbean routes, $300M cost savings program. Rate cuts = +$0.05-0.06 FY26E EPS uplift. Deleveraging to mid-4x by FY26E. PT $71.9, 101-162% upside at 15-17x exit multiple.
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