Norwegian Cruise Line Holdings Ltd. (NCLH) vs Trip.com Group Limited Sponsored ADR (TCOM)

Norwegian Cruise Line Holdings Ltd. and Trip.com Group Limited Sponsored ADR are both Travel Services companies. Trip.com Group Limited Sponsored ADR is the larger, with a market value of $26.0B against $6.6B — 4.0× the size. Trip.com Group Limited Sponsored ADR trades at the lower P/E: 5.8× against 8.7×. Trip.com Group Limited Sponsored ADR grew revenue faster over the last twelve months: 22.0% against 6.21%. Trip.com Group Limited Sponsored ADR has the higher net margin (36.4% vs 7.49%) and the higher return on invested capital (6.10% vs 5.51%). Across the 20 metrics below, Trip.com Group Limited Sponsored ADR leads on 16 and Norwegian Cruise Line Holdings Ltd. on 4.

Valuation

Metric NCLH TCOM Travel Services median
P/E 8.75 5.82 17.52
P/S 0.66 2.60 2.24
P/B 2.61 1.01 2.61
Price to free cash flow n/m 3.16 12.40
EV/EBITDA 7.81 11.05 12.77
EV/Sales 2.12 1.78 2.38
Earnings yield 11.43% 17.17% 3.30%
Free cash flow yield (17.67%) 31.60% 3.22%

Profitability

Metric NCLH TCOM Travel Services median
Gross margin 42.46% 80.05% 67.64%
Operating margin 15.09% 16.12% 15.06%
Net margin 7.49% 36.39% 6.64%
Free cash flow margin (11.67%) 0.00% 3.21%
Return on equity 36.73% 0.00% 7.53%
Return on assets 3.34% 9.52% 3.40%
Return on invested capital 5.51% 6.10% 4.65%

Growth

Metric NCLH TCOM Travel Services median
Revenue growth (TTM) 6.21% 21.96% 13.25%
EPS growth (last fiscal year) (51.32%) 101.18% —
Revenue growth, 5-year CAGR 50.33% 23.22% 28.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NCLH TCOM Travel Services median
Debt to equity 5.84 0.16 0.32
Current ratio 0.20 1.33 1.20
Net debt to EBITDA 5.29 (2.81) 1.07

Dividend

Metric NCLH TCOM Travel Services median
Dividend yield — 0.09% —
Payout ratio 0.00 0.00 0.00

Size

Metric NCLH TCOM Travel Services median
Market cap 6.56b 25.95b 4.41b

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