Norwegian Cruise Line vs Royal Caribbean Cruises
NCLH and RCL side by side, both in water transportation. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How NCLH and RCL compare
Royal Caribbean Cruises is the larger company, worth 10 times as much as Norwegian Cruise Line ($82.2B against $8.1B).
On earnings, Norwegian Cruise Line is cheaper: it trades at 9.7× trailing earnings, against 19.0× for Royal Caribbean Cruises.
Royal Caribbean Cruises grew revenue faster over the last twelve months (8.7% versus 4.9% for Norwegian Cruise Line).
Royal Caribbean Cruises keeps more of each dollar of sales as profit, with a net margin of 23.5% compared with 8.2% at Norwegian Cruise Line.
Royal Caribbean Cruises pays a dividend yielding 1.8%; Norwegian Cruise Line does not pay one.
Royal Caribbean Cruises scores higher on the StockData Score (11 against 8 for Norwegian Cruise Line), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | NCLH | RCL |
|---|---|---|
| Size and price | ||
| Market cap | $8.1B | $82.2B |
| Share price | $17.57 | $307.18 |
| Change, 1 year | −20.9% | 9.7% |
| Change, 5 years | −39.2% | 218% |
| Beta (5Y) | 1.77 | 1.64 |
| Employees | 5,300 | 108K |
| StockData Score | ||
| Total score | 8 | 11 (better) |
| Valuation score | 4 (better) | 1 |
| Growth score | 2 | 3 (better) |
| Performance score | 2 | 4 (better) |
| Health score | 0 | 1 (better) |
| Dividend score | 0 | 2 (better) |
| Valuation | ||
| P/E | 9.7× (better) | 19.0× |
| P/S | 0.8× (better) | 4.4× |
| P/B | 2.6× (better) | 8.0× |
| EV/EBITDA | 8.7× (better) | 15.1× |
| FCF yield | −7.0% | −0.51% (better) |
| Fair value | $22.01 | $227.70 |
| Margin of safety | 20.2% (better) | −34.9% |
| Growth | ||
| Revenue growth (TTM) | 4.9% | 8.7% (better) |
| Revenue growth, 5Y average | 50.3% | 52.0% (better) |
| Net income growth (TTM) | 25.5% (better) | 22.1% |
| EPS growth (TTM) | 36.8% (better) | 21.6% |
| Profitability | ||
| Gross margin | 41.4% | 49.1% (better) |
| Operating margin | 13.8% | 27.3% (better) |
| Net margin | 8.2% | 23.5% (better) |
| FCF margin | −5.6% | −2.2% (better) |
| Return on equity | 31.2% | 45.3% (better) |
| Return on invested capital | 8.2% | 13.5% (better) |
| Financial health | ||
| Debt / equity | 4.79 | 2.23 (better) |
| Net debt / EBITDA | 5.66 | 3.17 (better) |
| Interest coverage | – | 5.0× |
| Current ratio | 0.22 (better) | 0.21 |
| Altman Z-score | 0.35 | 2.22 (better) |
| Piotroski F-score | 7 | 9 (better) |
| Dividends and buybacks | ||
| Dividend yield | – | 1.8% |
| Payout ratio | – | 26.1% |
| Years of dividend growth | – | 2 |
| Dividend growth, 5Y average | – | 35.0% |
| Buyback yield | – | 2.4% |
| Shareholder yield | 0.00% | 4.2% (better) |
| Ownership | ||
| Held by institutions | 102% | 88.8% |
| Held by insiders | 1.3% | 6.6% |
| Insider net buying, 12 months | $30.8M (better) | −$631M |
| Superinvestors holding | 3 | – |
| Short interest, % of float | 21.4% | 4.5% |
Go deeper
- NCLH stock overview
- NCLH income statement
- NCLH valuation and score
- RCL stock overview
- RCL income statement
- RCL valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.