RCL - NYSE
Royal Caribbean Cruises Ltd.
$286.42
-1.5%Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
At a Glance
Live SnapshotRoyal Caribbean Cruises Ltd. Fair Value Envelope
Owner Earnings Valuation Tool
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Historical Financial Data
Base year metrics used for projections
Projection Settings
Forecast period and terminal assumptions
DCF Valuation Summary
Calculation flow from present value to intrinsic value per share
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 | $4.0B | $2.5B | $1.5B | $948.7M | $587.2M | $363.4M | $224.9M | $139.2M | $86.2M | $53.3M |
| Maintenance CapEx | -$647.3M | -$400.6M | -$248.0M | -$153.5M | -$95.0M | -$58.8M | -$36.4M | -$22.5M | -$13.9M | -$8.6M |
| Owner Earnings | $3.4B | $2.1B | $1.3B | $795.2M | $492.2M | $304.6M | $188.5M | $116.7M | $72.2M | $44.7M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $3.1B | $1.8B | $1.0B | $584.5M | $335.0M | $192.0M | $110.0M | $63.0M | $36.1M | $20.7M |
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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.