Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-01
NCLH [bullish]
Norwegian Cruise Line Holdings Ltd.
+28.13%
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
$8.7B
Pitch Price
$16.28
Price Target
29.00 (+39%)
Dividend
N/A
EV/EBITDA
8.80
P/E
13.68
EV/Sales
2.46
Sector
Hotels, Restaurants and Leisure
Category
growth
Norwegian Cruise Line Holdings Ltd.: As Pricing Growth Trends Toward a Normal Pace, Shares Remain a Steal
NCLH: Q1 yield +16.4% vs 15.8% est; costs ex fuel +3.2% vs 3.5% est. FY yield guide raised to 6.4% from 5.4%, w/ Q4 implying low-single digit. Shares -10% on costs, but mgmt prudent given commodities & geopolitics. Pre-COVID avg yield growth was 3%. $29 FV on higher yields & confidence in moat; shares undervalued.
Read full article (13 min)