Mulya.ai
Ticker
NCLH
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?10.8%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.796
Beta (levered) ?3.000
Terminal OM% ?17.7%
Segment conc. ?68% dominant
Terminal growth ?4.1%
Bond rating ?BB · 2.75%
ROIC option ?Opt 1 · 8.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

NCLH · Norwegian Cruise Line Holdings Ltd.

$18.932026-05-17
Sector: Consumer Cyclical; Industry: Travel Services; Sub-Industry: Hotels, Resorts & Cruise Lines

Intrinsic Value Range Comparison · Mulya.ai

Bull
$63
+231.6% vs market
Base · active
$5
-72.9% vs market
Bear
$0
-105.8% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $-1
Base $5
Market $19
Median $25
Bull $63
Market Price $19
Mulya.ai Base $5
Analysts Median $25
Mulya.ai IV range ($-1 · $63)
Analysts Range ($20 · $33)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2021.Q4$648MM-393.9%0.0%−$2.6B−$198MM−$2.8B14.6%-19.5%$13.1B$-9.81
2022.Q4$4.8B647.5%-32.0%0.3%−$1.5B$386MM−$1.2B14.9%-12.0%$12.7B$-4.94
2023.Q4$8.6B76.5%10.9%0.0%$948MM−$1.1B−$114MM11.4%7.1%$14.0B$0.36
2024.Q4$9.5B10.9%15.5%0.0%$1.7B−$39MM$1.7B12.1%12.2%$14.3B$1.98
2025.Q4$9.8B3.7%15.9%1.3%$1.5B−$2.1B−$552MM11.0%10.0%$16.6B$0.925.6
italics below = DCF projection · 10yr Rev CAGR: 5.3%
2026.Q4$10.6B+7.9%15.9%3.1%$1.6B−$360MM$1.3B10.6%$1.1B9.7%$17.0B$3.555.3
2027.Q4$11.3B+6.6%16.2%5.0%$1.7B−$426MM$1.3B10.4%$1.1B10.2%$17.4B$3.795.0
2028.Q4$11.9B+5.7%16.6%6.9%$1.8B−$581MM$1.3B10.2%$940MM10.4%$18.0B$4.024.7
2029.Q4$12.6B+5.8%17.0%8.8%$2.0B−$1.3B$644MM10.0%$435MM10.5%$19.3B$4.264.4
2030.Q4$13.3B+5.0%17.7%10.6%$2.1B−$1.3B$816MM9.8%$502MM10.5%$20.6B$4.564.2
Term. Yr+$17.2B4.1%17.7%20.0%$2.4B−$1.2B$1.3B8.6%$11.2B8.6%
Active scenario IV: $5 (-72.9% vs market)