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Royal Caribbean Cruises Ltd Stock Research

RCL

61.44USD+0.59(+0.97%)Market Closedas of 27 Mar 2023, 09:48 am

Market Summary

USD61.44+0.59
Market Closedas of 27 Mar 2023, 09:48 am
0.97%

RCL Alerts

RCL Stock Price

RCL RSI Chart

RCL Valuation

Market Cap

15.5B

Price/Earnings (Trailing)

-7.2

Price/Sales (Trailing)

1.76

Price/Free Cashflow

-6.97

RCL Price/Sales (Trailing)

RCL Profitability

Return on Equity

-75.15%

Return on Assets

-6.38%

Free Cashflow Yield

-14.36%

RCL Fundamentals

RCL Revenue

Revenue (TTM)

8.8B

Revenue Y/Y

165.11%

Revenue Q/Q

-13%

RCL Earnings

Earnings (TTM)

-2.2B

Earnings Y/Y

63.14%

Earnings Q/Q

-1.6K%

Price Action

52 Week Range

31.0987.68
(Low)(High)

Last 7 days

-6.2%

Last 30 days

-14.9%

Last 90 days

22.2%

Trailing 12 Months

-20.8%

RCL Financial Health

Current Ratio

0.37

Debt/Equity

7.43

Debt/Cashflow

0.02

RCL Investor Care

Shares Dilution (1Y)

0.14%

Diluted EPS (TTM)

-8.45

Peers (Alternatives to Royal Caribbean Cruises)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
199.4B
23.2B
1.00% 14.82%
32.28
8.6
-0.17% -18.13%
112.9B
32.9B
-6.14% 14.98%
34.01
3.43
8.41% -24.41%
15.5B
8.8B
-14.91% -20.84%
-7.2
1.76
477.01% 59.02%
10.5B
12.2B
-16.39% -50.08%
-1.47
1.09
537.74% 35.87%
MID-CAP
8.9B
17.0B
-8.79% -7.40%
39.44
0.53
27.66% 584.49%
7.0B
4.0B
-2.19% 24.58%
25.84
1.74
15.91% 10.00%
5.8B
4.7B
-18.04% -18.50%
21.79
1.32
19.69% 697.96%
5.3B
4.8B
-25.65% -36.61%
-2.32
1.09
278.11% 49.63%
4.5B
2.1B
-6.95% -4.32%
25.25
2.14
10.46% -11.49%
SMALL-CAP
1.7B
1.7B
-14.35% -19.63%
13.8
0.98
61.79% 371.82%
1.0B
909.4M
-17.85% -12.90%
12.79
1.14
1.47% -17.12%
666.0M
1.3B
-20.17% 6.36%
163.4
0.52
18.11% 213.03%
624.7M
422.2M
-5.37% 24.72%
29.96
1.48
6.49% -30.89%
613.8M
456.4M
-13.02% -23.70%
8.22
1.34
14.63% -4.30%

Financials for Royal Caribbean Cruises

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue22.5%8,8417,2194,6832,5491,532
  S&GA Expenses-3.6%1,5831,6421,5921,5061,370
Interest Expenses12.2%1,3641,2161,2951,2971,292
Net Income28.4%-2,155-3,012-4,470-5,295-5,260
Net Income Margin41.6%-0.24*-0.42*-0.95*-2.08*-
Free Cahsflow34.8%-2,228-3,418-3,919-4,128-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.9%33,77633,46433,94332,94032,258
  Current Assets13.0%3,2052,8373,5613,1773,600
    Cash Equivalents21.3%1,9001,5662,1002,0002,702
  Inventory-5.6%224237229179150
  Goodwill0.0%809809809809809
Liabilities2.1%30,90830,25930,54528,95127,173
  Current Liabilities-12.5%8,5739,79411,7198,0077,286
  Long Term Debt9.9%21,30319,38417,74719,94418,847
Shareholder's Equity-10.5%2,8693,2053,3983,9895,086
  Retained Earnings-41.4%-1,707-1,207-1,240-718302
  Additional Paid-In Capital0.2%7,2857,2717,2557,2687,557
Shares Outstanding0.0%255255255--
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations260.7%482-299-658-1,597-1,877
  Share Based Compensation11.2%36.0032.0038.0068.0064.00
Cashflow From Investing13.5%-2,987-3,455-3,488-2,620-2,144
Cashflow From Financing-14.4%1,7412,0352,0011,0943,041
  Dividend PaymentsNaN%0.000.00---
  Buy Backs-0.00----

Risks for RCL

What is the probability of a big loss on RCL?

99.2%


Probability that Royal Caribbean Cruises stock will be more than 20% underwater in next one year

51.9%


Probability that Royal Caribbean Cruises stock will be more than 30% underwater in next one year.

37.7%


Probability that Royal Caribbean Cruises stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RCL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Royal Caribbean Cruises was unfortunately bought at previous high price.

Drawdowns

Returns for RCL

Cumulative Returns on RCL

8.1%


10-Year Cumulative Returns

-1.5%


7-Year Cumulative Returns

-11.3%


5-Year Cumulative Returns

20.9%


3-Year Cumulative Returns

What are the long-term rolling returns for RCL?

FIve years rolling returns for Royal Caribbean Cruises.

Annualized Returns

Which funds bought or sold RCL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-5.46
86,727
464,727
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.02
3,887,760
16,679,800
0.02%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-9.4
25,000
159,000
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
943
4,943
-%
2023-02-28
Voya Investment Management LLC
added
20.6
6,506,900
17,863,900
0.03%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-38.00
-2,947,540
12,456,500
0.02%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
1,886
9,886
-%
2023-02-22
CVA Family Office, LLC
added
400
2,472
2,472
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
241,000
1,035,000
0.01%
2023-02-21
MACQUARIE GROUP LTD
added
54.34
131,610
261,610
-%

1–10 of 41

Latest Funds Activity

Are funds buying RCL calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own RCL
No. of Funds

Royal Caribbean Cruises News

MarketBeat

Sequoia Financial Advisors LLC Grows Position in Royal Caribbean ....

MarketBeat,
4 hours ago

The Motley Fool

The Motley Fool

Schedule 13G FIlings of Royal Caribbean Cruises

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
a wilhelmsen a s
8.3%
21,064,632
SC 13G/A
Feb 13, 2023
capital international investors
12.0%
30,538,307
SC 13G/A
Feb 13, 2023
capital research global investors
11.0%
27,990,406
SC 13G/A
Feb 09, 2023
vanguard group inc
9.38%
23,947,488
SC 13G/A
Feb 01, 2023
blackrock inc.
5.6%
14,299,319
SC 13G/A
Nov 10, 2022
capital research global investors
11.7%
29,787,198
SC 13G
Feb 11, 2022
osiris holdings inc.
4.5%
11,496,865
SC 13G/A
Feb 11, 2022
capital research global investors
9.3%
23,740,080
SC 13G/A
Feb 11, 2022
capital international investors
11.5%
29,244,035
SC 13G/A
Feb 10, 2022
vanguard group inc
9.04%
23,041,064
SC 13G/A

RCL Fair Value

Royal Caribbean Cruises fair value in different scenarios

The table shows the Fair Value estimates for Royal Caribbean Cruises for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

4.48

-92.71%

8.14

-86.75%

12.71

-79.31%

19.02

-69.04%

23.90

-61.10%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Royal Caribbean Cruises Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Royal Caribbean Cruises

View All Filings
Date Filed Form Type Document
Mar 20, 2023
3
Insider Trading
Mar 20, 2023
8-K
Current Report
Mar 08, 2023
4
Insider Trading
Feb 23, 2023
10-K
Annual Report
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading

Latest Insider Trading transactions for RCL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-06
Sorensen Vagn O
sold
-446,149
74.3581
-6,000
-
2023-02-20
Pujol Henry L
acquired
-
-
1,961
svp, chief accounting officer
2023-02-20
Liberty Jason T
acquired
-
-
6,670
president and ceo
2023-02-20
Bayley Michael W
acquired
-
-
9,528
pres& ceo,royal caribbean intl
2023-02-20
Kulovaara Harri U
acquired
-
-
2,859
evp, maritime
2023-02-20
Lutoff-Perlo Lisa
sold (taxes)
-150,773
73.12
-2,062
pres & ceo, celebrity cruises
2023-02-20
Liberty Jason T
sold (taxes)
-283,194
73.12
-3,873
president and ceo
2023-02-20
Pujol Henry L
sold (taxes)
-41,312
73.12
-565
svp, chief accounting officer
2023-02-20
Holtz Naftali
sold (taxes)
-40,581
73.12
-555
chief financial officer
2023-02-20
Lutoff-Perlo Lisa
acquired
-
-
5,241
pres & ceo, celebrity cruises

1–10 of 50

Jason T. Liberty
65535
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.

RCL Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenues$ 8,840,540$ 1,532,133$ 2,208,805
Cruise operating expenses:   
Total cruise operating expenses6,614,3362,657,5122,765,108
Marketing, selling and administrative expenses1,582,9291,370,0761,199,620
Depreciation and amortization expenses1,406,6891,292,8781,279,254
Impairment and credit losses56282,0011,566,380
Operating Loss(763,976)(3,870,334)(4,601,557)
Other income (expense):   
Interest income35,85716,77321,036
Interest expense, net of interest capitalized(1,364,162)(1,291,753)(844,238)
Equity investment income (loss)56,695(135,469)(213,286)
Other (expense) income[1](120,376)20,284(137,085)
Total other income (expense)(1,391,986)(1,390,165)(1,173,573)
Net income (loss)(2,155,962)(5,260,499)(5,775,130)
Less: Net Income attributable to noncontrolling interest0022,332
Net Loss attributable to Royal Caribbean Cruises Ltd.$ (2,155,962)$ (5,260,499)$ (5,797,462)
Loss per Share:   
Basic (in dollars per share)$ (8.45)$ (20.89)$ (27.05)
Diluted (in dollars per share)$ (8.45)$ (20.89)$ (27.05)
Comprehensive Loss   
Net Loss$ (2,155,962)$ (5,260,499)$ (5,775,130)
Other comprehensive income (loss):   
Foreign currency translation adjustments10,29515,70340,346
Change in defined benefit plans48,9148,707(19,984)
Gain on cash flow derivative hedges8,4624,04638,010
Total other comprehensive income67,67128,45658,372
Comprehensive Loss(2,088,291)(5,232,043)(5,716,758)
Less: Comprehensive Income attributable to noncontrolling interest0022,332
Comprehensive Loss attributable to Royal Caribbean Cruises Ltd.(2,088,291)(5,232,043)(5,739,090)
Passenger ticket revenues   
Total revenues5,793,492941,1751,504,569
Onboard and other revenues   
Total revenues3,047,048590,958704,236
Cruise operating expenses:   
Total cruise operating expenses596,554116,946157,213
Commissions, transportation and other   
Cruise operating expenses:   
Total cruise operating expenses1,357,008207,562344,625
Payroll and related   
Cruise operating expenses:   
Total cruise operating expenses1,287,801838,088788,273
Food   
Cruise operating expenses:   
Total cruise operating expenses653,139164,389161,750
Fuel   
Cruise operating expenses:   
Total cruise operating expenses1,072,567385,322371,015
Other operating   
Cruise operating expenses:   
Total cruise operating expenses$ 1,647,267$ 945,205$ 942,232
[1]Including a $62.6 million net loss related to the 2021 elimination of the Silversea Cruises reporting lag for the year ended December 31, 2021.

RCL Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 1,935,005$ 2,701,770
Trade and other receivables, net of allowances of $11,612 and $13,411 at December 31, 2022 and December 31, 2021, respectively531,066408,067
Inventories224,016150,224
Prepaid expenses and other assets455,836286,026
Derivative financial instruments59,08354,184
Total current assets3,205,0063,600,271
Property and equipment, net27,546,44525,907,949
Operating lease right-of-use assets537,559542,128
Goodwill809,277809,383
Other assets, net of allowances of $71,614 and $86,781 at December 31, 2022 and December 31, 2021, respectively1,678,0741,398,624
Total assets33,776,36132,258,355
Current liabilities  
Current portion of long-term debt2,087,7112,243,131
Current portion of operating lease liabilities79,76068,922
Accounts payable646,727545,978
Accrued interest388,828251,974
Accrued expenses and other liabilities1,071,129887,575
Derivative financial instruments131,312127,236
Customer deposits4,167,9973,160,867
Total current liabilities8,573,4647,285,683
Long-term debt21,303,48018,847,209
Long-term operating lease liabilities523,006534,726
Other long-term liabilities507,599505,181
Total liabilities30,907,54927,172,799
Commitments and Contingencies (Note 17)
Shareholders' equity  
Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding)00
Common stock ($0.01 par value; 500,000,000 shares authorized; 283,257,102 and 282,703,246 shares issued, December 31, 2022 and December 31, 2021, respectively)2,8322,827
Paid-in capital7,284,8527,557,297
(Accumulated deficit) retained earnings(1,707,429)302,276
Accumulated other comprehensive loss(643,214)(710,885)
Treasury stock (28,018,385 and 27,882,987 common shares at cost, December 31, 2022 and December 31, 2021, respectively)(2,068,229)(2,065,959)
Total shareholders' equity2,868,8125,085,556
Total liabilities and shareholders’ equity$ 33,776,361$ 32,258,355