Norwegian Cruise Line Holdings Ltd. (NCLH) vs TripAdvisor, Inc. (TRIP)

Norwegian Cruise Line Holdings Ltd. and TripAdvisor, Inc. are both Travel Services companies. Norwegian Cruise Line Holdings Ltd. is the larger, with a market value of $7.1B against $1.1B — 6.8× the size. Norwegian Cruise Line Holdings Ltd. trades at the lower P/E: 9.3× against 217×. Norwegian Cruise Line Holdings Ltd. grew revenue faster over the last twelve months: 6.21% against 1.32%. Norwegian Cruise Line Holdings Ltd. has the higher net margin (7.49% vs 0.27%) and the higher return on invested capital (5.51% vs 4.65%). Across the 20 metrics below, TripAdvisor, Inc. leads on 11 and Norwegian Cruise Line Holdings Ltd. on 9.

Valuation

Metric NCLH TRIP Travel Services median
P/E 9.32 217.00 17.35
P/S 0.70 0.55 2.69
P/B 2.78 1.53 2.65
Price to free cash flow n/m 7.63 11.30
EV/EBITDA 7.97 7.07 13.07
EV/Sales 2.16 0.56 3.07
Earnings yield 10.73% 0.46% 3.72%
Free cash flow yield (16.58%) 13.11% 3.91%

Profitability

Metric NCLH TRIP Travel Services median
Gross margin 42.46% 92.10% 76.78%
Operating margin 15.09% 2.73% 15.09%
Net margin 7.49% 0.27% 7.49%
Free cash flow margin (11.67%) 7.21% 3.61%
Return on equity 36.73% 0.78% 8.82%
Return on assets 3.34% 0.19% 3.46%
Return on invested capital 5.51% 4.65% 5.08%

Growth

Metric NCLH TRIP Travel Services median
Revenue growth (TTM) 6.21% 1.32% 12.85%
EPS growth (last fiscal year) (51.32%) 675.00% 7.79%
Revenue growth, 5-year CAGR 50.33% 25.64% 29.37%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NCLH TRIP Travel Services median
Debt to equity 5.84 1.29 0.24
Current ratio 0.20 1.56 1.21
Net debt to EBITDA 5.29 1.01 1.04

Dividend

Metric NCLH TRIP Travel Services median
Dividend yield — — 1.71%
Payout ratio — — 0.20

Size

Metric NCLH TRIP Travel Services median
Market cap 7.11b 1.05b 3.96b

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