Norwegian Cruise Line Holdings Ltd.

NYSE•NCLH

執行長: Mr. Harry J. Sommer

板塊: Consumer Cyclical

行業: Travel Services

上市日期: 2013-01-18

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean. It distributes its products through retail/travel advisor and onboard cruise sales channels, as well as meetings, incentives, and charters. Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is based in Miami, Florida.

聯絡資訊

7665 Corporate Center Drive, Miami, FL, 33126, United States

305-436-4000

www.nclhltd.com

市值

$8.60B

本益比 (TTM)

20.3

22.4

股息率

52周最高

$27.18

52周最低

$14.21

52周範圍

36%

排名51Top 71.3%

3.0

F-Score

改良版 Piotroski 分析

基於 10 年期基本面

疲弱 • 3 / 9 分

評分區間 (0-9)

8-9: 價值優異

6-7: 基本面強勁

4-5: 整體穩健

0-3: 表現疲弱

資料區間: 2016-2025

財務儀表板

Q4 2025 數據

營業收入

$2.24B+0.00%

近4季度走勢

每股收益

$0.03+0.00%

近4季度走勢

自由現金流

$21.46M+0.00%

近4季度走勢

2025 Annual 財報亮點

核心亮點

Revenue Growth Maintained Total revenue reached $9.83B USD, marking a 3.7% increase. Capacity Days grew 4.2% due to new ship deliveries.

Adjusted EBITDA Improvement Adjusted EBITDA increased 11.4% to $2.73B USD, showing strong operational leverage improvement over prior year.

Disciplined Fleet Expansion Fleet stands at 34 ships; 17 additional newbuilds planned through 2037 for sustained growth and capacity optimization.

Strong Liquidity Buffer Maintained $1.4B USD available under Revolving Loan Facility as of year-end 2025 to fund ongoing needs.

關注風險

Debt Covenant Compliance Risk Results performance risks non-compliance with maintenance covenants in debt facilities; seeking waivers or renegotiation may increase costs.

Financing Dilution Potential Anticipated need for future equity/debt financing may dilute existing shareholders via outstanding exchangeable notes conversion.

Regulatory Cost Headwinds Environmental regulations like EU ETS impose increased costs requiring ship modifications and allowance purchases.

Operational Port Unavailability Unavailability of key ports of call due to weather, security, or local restrictions could adversely affect business operations.

未來展望

Strategic Destination Investment Second phase expansion at Great Stirrup Cay includes Great Tides Waterpark opening summer 2026 to enhance guest experience.

Cost Optimization Focus Driving disciplined, company-wide cost optimization efforts to deliver sustainable savings without compromising guest experience.

Newbuild Delivery Timing New ship delivery dates reset due to sustainability modifications; future delays remain possible impacting capacity timing.

Tax Regime Monitoring Monitoring evolving global tax reforms, including Pillar 2, which could impact future effective tax rates and compliance costs.

同行對比

營業收入 (TTM)

PAG

$30.73B

+0.9%

VIPS

$14.75B

-2.3%

$12.46B

+5.1%

毛利率 (最新季度)

MMYT

70.3%

-0.8pp

HTHT

41.6%

+0.6pp

NCLH

41.0%

+1.9pp

關鍵指標

股票代碼	市值	本益比 (TTM)	股東權益報酬率 (TTM)	負債率
HTHT	$15.54B	27.4	33.9%	58.5%
CCK	$12.13B	16.1	25.4%	43.3%
TXRH	$11.26B	27.6	28.2%	53.1%

長期趨勢

近4季度

營業收入

淨利

營運現金流

4季度營業收入複合增長率

1.8%

溫和增長

4季度淨利複合增長率

N/M

盈利狀態轉變

現金流穩定性

100%

現金流表現優異

深度研究

下次財報:2026年4月28日

每股收益:-

營業收入:-

財務數據

電話會議

財務報告

新聞

損益表

資產負債表

現金流量表

財務比率

變化率

損益表	過去12個月

無資料