Lindblad Expeditions Holdings, Inc.

Lindblad Expeditions Holdings, Inc.

LINDยทNASDAQ

$21.74

-4.2%
Consumer CyclicalTravel Services

Lindblad Expeditions Holdings, Inc. provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand. The company also provides luxury cycling and adventure tours worldwide under the DuVine name; active small group and private custom journeys throughout the United States national park under the Off the Beaten Path brand name; and curated active small group and private custom journeys that are centered around cinematic walks led by the local guides under the Classic Journeys name. The company has a strategic alliance with the National Geographic Society. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$1.20B
EPS-0.6300
P/E Ratio-34.51
Earnings Date08/03/2026
Lindblad Expeditions Holdings, Inc.

Lindblad Expeditions Holdings, Inc. Fair Value Envelope

LIND ยท NASDAQ

Our analysis suggests that LIND has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $21.74, this represents a potential HIDDEN relative to our calculated worth for Lindblad Expeditions Holdings, Inc..

Intrinsic Value
Current Price: $21.74

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$3.6B
+ Cash & Equivalents$256.7M
Firm Value$3.9B
- Debt$663.8M
Equity Value$3.2B
/ Shares Outstanding54,713,742B
DCF Value$59
UNDERVALUED BY 170%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$126.1M
$140.4M
$156.3M
$174.0M
$193.7M
$215.7M
$240.1M
$267.4M
$297.7M
$331.4M
Maintenance CapEx
-$10.6M
-$11.8M
-$13.2M
-$14.7M
-$16.3M
-$18.2M
-$20.2M
-$22.5M
-$25.1M
-$27.9M
Owner Earnings
$115.5M
$128.5M
$143.1M
$159.3M
$177.4M
$197.5M
$219.9M
$244.8M
$272.6M
$303.5M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$106.9M
$110.2M
$113.6M
$117.1M
$120.7M
$124.5M
$128.3M
$132.3M
$136.3M
$140.6M
Terminal Value represents 66.0% of Enterprise Value