WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Booking Holdings Inc generates 174% more annual revenue ($26.92B vs $9.83B). BKNG leads profitability with a 20.1% profit margin vs 4.3%. NCLH appears more attractively valued with a PEG of 0.48. BKNG earns a higher WallStSmart Score of 78/100 (B+).

BKNG

Strong Buy

78

out of 100

Grade: B+

Growth: 8.7Profit: 9.5Value: 10.0Quality: 7.5
Piotroski: 4/9Altman Z: 4.05

NCLH

Buy

57

out of 100

Grade: C

Growth: 6.0Profit: 6.0Value: 7.3Quality: 2.5
Piotroski: 3/9Altman Z: 0.16
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKNGUndervalued (+44.6%)

Margin of Safety

+44.6%

Fair Value

$7754.76

Current Price

$4324.04

$3430.72 discount

UndervaluedFair: $7754.76Overvalued
NCLHSignificantly Overvalued (-266.6%)

Margin of Safety

-266.6%

Fair Value

$6.26

Current Price

$18.95

$12.69 premium

UndervaluedFair: $6.26Overvalued

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

Operating MarginProfitability
32.5%10/10

Strong operational efficiency at 32.5%

Debt/EquityHealth
-3.4610/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.0510/10

Safe zone — low bankruptcy risk

Market CapQuality
$143.19B9/10

Large-cap with strong market position

Profit MarginProfitability
20.1%9/10

Keeps 20 of every $100 in revenue as profit

NCLH2 strengths · Avg: 9.5/10
PEG RatioValuation
0.4810/10

Growing faster than its price suggests

Return on EquityProfitability
23.3%9/10

Every $100 of equity generates 23 in profit

Areas to Watch

BKNG1 concerns · Avg: 4.0/10
P/E RatioValuation
26.8x4/10

Moderate valuation

NCLH4 concerns · Avg: 2.5/10
Profit MarginProfitability
4.3%3/10

4.3% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

EPS GrowthGrowth
-9.6%2/10

Earnings declined 9.6%

Altman Z-ScoreHealth
0.162/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BKNG

The strongest argument for BKNG centers on Return on Equity, Operating Margin, Debt/Equity. Profitability is solid with margins at 20.1% and operating margin at 32.5%. Revenue growth of 16.0% demonstrates continued momentum.

Bull Case : NCLH

The strongest argument for NCLH centers on PEG Ratio, Return on Equity. PEG of 0.48 suggests the stock is reasonably priced for its growth.

Bear Case : BKNG

The primary concerns for BKNG are P/E Ratio.

Bear Case : NCLH

The primary concerns for NCLH are Profit Margin, Piotroski F-Score, EPS Growth. Debt-to-equity of 6.61 is elevated, increasing financial risk. Thin 4.3% margins leave little buffer for downturns.

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 2.04 — expect wider price swings.

BKNG is growing revenue faster at 16.0% — sustainability is the question.

BKNG generates stronger free cash flow (1.4B), providing more financial flexibility.

Bottom Line

BKNG scores higher overall (78/100 vs 57/100), backed by strong 20.1% margins and 16.0% 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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