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Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings.
Is Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) A High Quality Stock To Own?
NCLH's incredibly strong results highlight the strength in its brand and the cruise industry, notes Ivan Feinseth. Sailings explore destinations from Tokyo to Cape Town to Bali to Rio de Janeiro MIAMI , March 26, 2024 /PRNewswire/ -- Oceania Cruises, the world's leading culinary- and destination-focused cruise lin... From new ships to its private Caribbean island, get the latest details in this 1-minute breakdown of Norwegian Cruise Line (NCLH). Net income (loss), adjusted for the effect of dilutive securities and other supplemental adjustments. Free Cash Flow adjusted for proceeds from ship construction financing facilities and other supplemental adjustments. EBITDA adjusted for other income (expense), net and other supplemental adjustments.
Norwegian Cruise Stock Is Sailing Higher After Earnings. Demand Is at Record Levels.
A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have the same ROE, then I would generally prefer the one with less debt. Bear in mind, a high ROE doesn't always mean superior financial performance. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk . Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital.
Explore Your Cruise Vacation
Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So I think it may be worth checking this free report on analyst forecasts for the company. Find your place in the world at any of the hundreds of positions on board our fleet of ships to some of the world's best destinations. We remain committed to being a responsible corporate citizen by fostering a culture of awareness and respect for our world’s resources.
Simplicity Solutions LLC Purchases Shares of 13635 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) - Defense World
Simplicity Solutions LLC Purchases Shares of 13635 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH).
Posted: Sun, 21 Apr 2024 09:29:42 GMT [source]
In addition, management uses Adjusted EBITDA as a performance measure for our incentive compensation. Norwegian Cruise Line is the innovator in cruise travel with a history of breaking the boundaries of traditional cruising, most notably with the introduction of Freestyle Cruising, which revolutionized the industry by giving guests more freedom and flexibility on the most contemporary ships at sea. Oceania Cruises is the market leader in the upper-premium cruise segment featuring the finest cuisine at sea, gourmet culinary experiences, elegant accommodations, impeccable service and destination-driven itineraries. This strategic new-ship order across all three of our award-winning brands provides for the steady introduction of cutting-edge vessels into our fleet and solidifies our long-term growth.
Destinations visited globally
Norwegian Cruise Line Holdings Ltd. stock outperforms competitors on strong trading day - MarketWatch
Norwegian Cruise Line Holdings Ltd. stock outperforms competitors on strong trading day.
Posted: Thu, 18 Apr 2024 21:23:00 GMT [source]
As the innovator in global cruise travel, Norwegian Cruise Line has been breaking the boundaries of traditional cruising for over 57 years. Most notably, the cruise line revolutionized the industry by offering guests the freedom and flexibility to design their ideal vacation on their preferred schedule with no assigned dining and entertainment times and no formal dress codes. Today, its fleet of 19 contemporary ships sail to over 400 of the world’s most desirable destinations, including Great Stirrup Cay, the company’s private island in the Bahamas and its resort destination Harvest Caye in Belize. In addition, Adjusted Net Income (Loss) and Adjusted EPS are non-GAAP financial measures that exclude certain amounts and are used to supplement GAAP net income (loss) and EPS.
A Leading Global Cruise Company
Between our three brands, we have a fleet of 32 ships that cruise to approximately 700 destinations globally. You are encouraged to evaluate each adjustment used in calculating our non-GAAP financial measures and the reasons we consider our non-GAAP financial measures appropriate for supplemental analysis. In evaluating our non-GAAP financial measures, you should be aware that in the future we may incur expenses similar to the adjustments in our presentation. Our non-GAAP financial measures have limitations as analytical tools, and you should not consider these measures in isolation or as a substitute for analysis of our results as reported under GAAP. Our presentation of our non-GAAP financial measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.
Norwegian Cruise Line stock rises on positive Q1 guidance
Throughout the 1990s NCL continued to expand and focus on an increasing array of destinations as it retired its classic white ships. As it ushered in a new generation of ships, two ships the Norwegian Dream and Norwegian Wind underwent extensive reconstructions with each ship stretched 130 feet with the largest “mid-body” inserts done in the industry. The 1990s also marked a series of other firsts including the first WiFi capabilities on a cruise ship and later cell phone service fleetwide even while ships were at sea.
Why We AreThe Innovators in Cruise Travel
Put another way, it reveals the company's success at turning shareholder investments into profits. In January 2013, we completed our initial public offering and listed on the NASDAQ stock exchange, trading under the ticker symbol “NCLH”. We sold 27.1 million shares for net proceeds of approximately $477.64 million. Post-IPO, all three sponsors sold down their stakes and exited their long-term investments by year-end 2018. In May 2000, Norwegian Cruise Line introduced Freestyle Cruising® , a revolutionary product offering that provided guests freedom and flexibility in a cruise vacation for a more relaxed, resort-style vacation experience versus traditional cruising. NCL’s journey began in 1966 as Norwegian Caribbean Lines, the first cruise line to offer weekly departures to the Caribbean.
The increase in interest expense is primarily the result of higher debt outstanding and higher interest rates. Gross Cruise Costs per Capacity Day was approximately $280 in the quarter. Adjusted Net Cruise Costs excluding Fuel per Capacity Day was approximately $151, reflecting an approximately 19% decline from the fourth quarter of 2022, reflecting the benefits from the Company’s ongoing margin enhancement initiative.
Our private island paradise, Great Stirrup Cay, and The Caribbean’s premier resort-style destination, Harvest Caye, along with our amazing sailings, have earned us the title of “Caribbean’s Leading Cruise Line” eight years in a row. Norwegian Cruise Line has been the premier innovator in the cruise line industry for over 57 years. We were the first to eliminate set dining times and provide guests with the freedom to cruise on their schedule to over 450 incredible destinations around the world. Our award-winning fleet provides an unparalleled onboard experience and will continue to expand with the arrival of our Prima Class ships.
The Company once again demonstrated continued progress on its ongoing margin enhancement initiative and efforts to maximize revenue opportunities and rightsize its cost base. Gross Cruise Costs per Capacity Day was approximately $280 in the fourth quarter, compared to $311 last quarter. Adjusted Net Cruise Costs excluding Fuel per Capacity Day in the fourth quarter of 2023 was approximately $151, in line with guidance. In partnership with the Italian shipbuilder Fincantieri, each brand will design their new ship class and focus on creating the largest, most efficient, and innovative vessels of their respective fleet. Aligning with the Company’s sustainability efforts, the new ship designs are expected to advance the journey towards decarbonization. One simple way to determine if a company has a good return on equity is to compare it to the average for its industry.
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