Lindblad Expeditions Holdings, Inc.
$22.70
-4.2%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 SnapshotIntrinsic Alpha Methodology
Thesis Lenses
Signal
Medium confidenceValuation multiple is compressed (P/E -26.7).
Valuation inputs: P/E -26.7, earnings yield N/A, momentum -4.2%.
If multiples stay elevated while momentum fades, downside repricing risk rises.
Driver
High confidenceReturn profile is acceptable (ROE +14.8%, ROIC +8.8%).
Profitability stack: net margin -3.9%, ROE +14.8%, ROIC +8.8%.
Quality deterioration often appears in margins before it shows up in headline EPS.
Risk
High confidenceDownside profile is elevated and scenario stress-testing is essential.
Risk factors: liabilities/assets +115.7%, momentum -4.2%, net margin -3.9%.
Higher leverage with weak momentum and thin margins can amplify drawdown severity.
Lindblad Expeditions Holdings, Inc. Market vs Earnings Trajectory
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Lindblad Expeditions Holdings, Inc. Fair Value Envelope
Lindblad Expeditions Holdings, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
Lindblad Expeditions Holdings, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.
FCF Growth Trend
Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Lindblad Expeditions Holdings, Inc. Funding & Solvency Profile
Financial Health Analysis
Current Ratio
Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.
Working Capital
Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.
Asset Composition
Capital-intensive business with significant long-term investments in property, equipment, or intangibles.
Lindblad Expeditions Holdings, Inc. Street Expectations Map
Wall Street analysts project that LIND stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 23.00, with estimates ranging from a low of 23.00 to a high of 23.00.
The consensus 1-year price target stands at 23.00, with estimates ranging from a low of 23.00 to a high of 23.00.
Analyst Consensus Analysis
Upside Potential
Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.
Analyst Agreement
High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.
Analyst Conviction
Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.
Market Sentiment Insight
Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.
Lindblad Expeditions Holdings, Inc. Insider Positioning
During the last 12 months, insiders have sold $28.94M worth of LIND shares, with no buying activity reported.
3 Months
0
0.00
160.5K
3.22M
-3.2M
-$3.22M
3-6 Months
0
0.00
1.5M
25.53M
-25.5M
-$25.53M
6-9 Months
0
0.00
0
0.00
+0
+$0
9-12 Months
0
0.00
21.1K
178.40K
-178K
-$178K
Top Buyers
No buying activity
Top Sellers
Bressler Benjamin
Officer: *Founder & Ceo Of Nha
$13.30M
Lindblad Sven-Olof
Director, 10 Percent Owner:
$12.42M
Dryden L. Dyson
Director
$1.22M
Smith, Jr. Thomas S.
Director
$984K
Byus Trey
Officer: Chief Expedition Officer
$736K
Insider Activity Analysis
Net Insider Sentiment
Strong bearish signal with $28.94M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.
Buy/Sell Ratio
Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.
Recent Trend (3 Months)
Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.
Insider Participation
5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.
Insider Activity Insight
Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.
lind Dividend History
Learning Layer
Related Guides
Build conviction on LIND by pairing this stock hub with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.