$18.15
+0.50%Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean. As of December 31, 2021, the company had 28 ships with approximately 59,150 berths. It distributes its products through retail/travel advisor and onboard cruise sales channels, as well as meetings, incentives, and charters. Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is based in Miami, Florida.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
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 | $1.0B | $522.4M | $261.2M | $130.6M | $65.3M | $32.7M | $16.3M | $8.2M | $4.1M | $2.0M |
| Maintenance CapEx | -$326.0M | -$163.0M | -$81.5M | -$40.7M | -$20.4M | -$10.2M | -$5.1M | -$2.5M | -$1.3M | -$636.6K |
| Owner Earnings | $718.9M | $359.5M | $179.7M | $89.9M | $44.9M | $22.5M | $11.2M | $5.6M | $2.8M | $1.4M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $665.7M | $308.2M | $142.7M | $66.1M | $30.6M | $14.2M | $6.6M | $3.0M | $1.4M | $650.4K |
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