WallStSmart

Booking Holdings Inc (BKNG)vsNorwegian Cruise Line Holdings Ltd (NCLH)

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Smart Verdict

WallStSmart Research — data-driven comparison

Booking Holdings Inc generates 176% more annual revenue ($27.69B vs $10.03B). BKNG leads profitability with a 22.2% profit margin vs 5.7%. BKNG appears more attractively valued with a PEG of 0.73. BKNG earns a higher WallStSmart Score of 76/100 (B+).

BKNG

Strong Buy

76

out of 100

Grade: B+

Growth: 8.7Profit: 9.5Value: 6.7Quality: 7.5
Piotroski: 4/9Altman Z: 4.05

NCLH

Buy

62

out of 100

Grade: C+

Growth: 6.0Profit: 6.0Value: 7.0Quality: 2.5
Piotroski: 3/9Altman Z: 0.16
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Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKNGUndervalued (+10.8%)

Margin of Safety

+10.8%

Fair Value

$180.01

Current Price

$165.84

$14.17 discount

UndervaluedFair: $180.01Overvalued

Intrinsic value data unavailable for NCLH.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BKNG6 strengths · Avg: 9.7/10
Return on EquityProfitability
225.7%10/10

Every $100 of equity generates 226 in profit

EPS GrowthGrowth
240.0%10/10

Earnings expanding 240.0% YoY

Debt/EquityHealth
-2.1710/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.0510/10

Safe zone — low bankruptcy risk

Market CapQuality
$129.57B9/10

Large-cap with strong market position

Profit MarginProfitability
22.2%9/10

Keeps 22 of every $100 in revenue as profit

NCLH3 strengths · Avg: 8.3/10
Return on EquityProfitability
23.4%9/10

Every $100 of equity generates 23 in profit

PEG RatioValuation
0.848/10

Growing faster than its price suggests

P/E RatioValuation
14.8x8/10

Attractively priced relative to earnings

Areas to Watch

BKNG0 concerns · Avg: 0/10

No major concerns identified

NCLH4 concerns · Avg: 2.5/10
Profit MarginProfitability
5.7%3/10

5.7% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

EPS GrowthGrowth
-9.6%2/10

Earnings declined 9.6%

Free Cash FlowQuality
$-625.22M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : BKNG

The strongest argument for BKNG centers on Return on Equity, EPS Growth, Debt/Equity. Profitability is solid with margins at 22.2% and operating margin at 25.0%. Revenue growth of 16.2% demonstrates continued momentum.

Bull Case : NCLH

The strongest argument for NCLH centers on Return on Equity, PEG Ratio, P/E Ratio. PEG of 0.84 suggests the stock is reasonably priced for its growth.

Bear Case : BKNG

No major red flags identified for BKNG, but monitor valuation.

Bear Case : NCLH

The primary concerns for NCLH are Profit Margin, Piotroski F-Score, EPS Growth. Debt-to-equity of 6.23 is elevated, increasing financial risk.

Key Dynamics to Monitor

BKNG profiles as a growth stock while NCLH is a value play — different risk/reward profiles.

NCLH carries more volatility with a beta of 1.92 — expect wider price swings.

BKNG is growing revenue faster at 16.2% — sustainability is the question.

BKNG generates stronger free cash flow (3.1B), providing more financial flexibility.

Bottom Line

BKNG scores higher overall (76/100 vs 62/100), backed by strong 22.2% margins and 16.2% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Booking Holdings Inc

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Booking Holdings Inc. is an American travel technology company organized in Delaware and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable.

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Norwegian Cruise Line Holdings Ltd

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Norwegian Cruise Line Holdings Ltd., is a cruise company in North America, Europe, Asia-Pacific and internationally. The company is headquartered in Miami, Florida.

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