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 ?11.0%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.728
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 · 2026-07-21

NCLH · Norwegian Cruise Line Holdings Ltd.

$21.242026-07-21
Sector: Consumer Cyclical; Industry: Travel Services; Sub-Industry: Hotels, Resorts & Cruise Lines

Intrinsic Value Range Comparison · Mulya.ai

Bull
$59
+175.7% vs market
Base · active
$0
-113.9% vs market
Bear
$0
-103.6% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $-1
Base $-3
Median $20
Market $21
Bull $59
Market Price $21
Mulya.ai Base $-3
Analysts Median $20
Mulya.ai IV range ($-1 · $59)
Analysts Range ($14 · $30)
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
2024.Q1$8.6B10.9%2.3%$909MM−$960MM−$51MM11.8%6.7%$13.6B$0.36
2024.Q4$8.6B0.0%10.9%0.0%$1.1B−$39MM$1.1B12.1%7.9%$14.3B$0.36
2025.Q1$9.5B10.9%15.5%0.0%$1.8B−$1.4B$331MM11.7%11.9%$15.2B$1.95
2025.Q4$9.5B0.0%15.5%1.3%$1.4B−$2.1B−$646MM11.0%9.1%$16.6B$1.95
2026.Q1$10.0B5.8%15.9%1.7%$1.6B−$2.5B−$889MM11.2%9.2%$17.4B$1.226.2
italics below = DCF projection · 10yr Rev CAGR: 5.4%
2027.Q1$10.3B+2.8%15.9%3.5%$1.6B−$360MM$1.2B10.8%$1.1B9.0%$17.8B$3.396.3
2028.Q1$11.0B+6.6%16.2%5.3%$1.7B−$939MM$751MM10.6%$613MM9.3%$18.7B$3.635.9
2029.Q1$11.7B+6.5%16.6%7.2%$1.8B−$1.1B$707MM10.4%$523MM9.4%$19.8B$3.875.5
2030.Q1$12.5B+6.6%17.0%9.0%$1.9B−$2.9B−$971MM10.2%−$652MM9.1%$22.7B$4.135.1
2031.Q1$13.3B+6.4%17.7%10.8%$2.1B−$2.6B−$537MM9.9%−$328MM8.7%$25.3B$4.494.7
Term. Yr+$17.6B4.1%17.7%20.0%$2.5B−$1.2B$1.3B8.6%$11.4B8.6%
Active scenario IV: $0 (-113.9% vs market)