(LIND) Lindblad Expeditions - Ratings and Ratios
Expedition, Cruises, Eco-Tours, Cycling, Hiking
LIND EPS (Earnings per Share)
LIND Revenue
Description: LIND Lindblad Expeditions
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) operates as a niche provider of premium marine-expedition and land-based adventure travel, positioning itself within the Hotels, Resorts & Cruise Lines sub-industry. The company is organized into two primary segments: the Lindblad segment, which runs small-scale, purpose-built expedition vessels to remote destinations such as Antarctica, the Arctic, the Galápagos, and the Sea of Cortez; and the Land Experiences segment, which offers over 100 itineraries across more than 45 countries, including small-group wildlife tours, cycling adventures (DuVine), and curated “classic journeys.”
Strategic partnerships amplify Lindblad’s differentiation: a long-standing agreement with National Geographic supplies expert lecturers, photographers, and scientists who enhance the on-board and on-shore experience, while a collaboration with the World Wildlife Fund underscores the brand’s ESG narrative and appeals to environmentally conscious travelers. These alliances are core to the company’s value proposition but also introduce dependency risk if partnership terms change.
Key operating metrics (as of FY2023, per the latest 10-K) show revenue of roughly $350 million, a 12% year-over-year increase driven by strong post-pandemic demand for experiential travel, and an adjusted EBITDA margin of 18%. The fleet comprises 12 expedition vessels with an average occupancy of ~80% during peak season, and the land-based segment contributes approximately 30% of total revenue. Sector-wide, discretionary travel spending is expected to grow at a 9% CAGR through 2028, yet the business remains sensitive to fuel price volatility (estimated to represent ~6% of operating costs) and to macro-economic downturns that compress consumer discretionary income.
For a deeper quantitative assessment of LIND’s valuation metrics, scenario analyses, and comparable peer benchmarks, the ValueRay platform provides a useful toolkit for further research.
LIND Stock Overview
| Market Cap in USD | 735m |
| Sub-Industry | Hotels, Resorts & Cruise Lines |
| IPO / Inception | 2015-07-09 |
LIND Stock Ratings
| Growth Rating | 26.9% |
| Fundamental | 61.1% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | 7.64% |
| Analyst Rating | 4.33 of 5 |
LIND Dividends
Currently no dividends paidLIND Growth Ratios
| Growth Correlation 3m | 74.9% |
| Growth Correlation 12m | 32.2% |
| Growth Correlation 5y | -42.7% |
| CAGR 5y | 12.81% |
| CAGR/Max DD 3y | 0.24 |
| CAGR/Mean DD 3y | 0.59 |
| Sharpe Ratio 12m | -0.72 |
| Alpha | 0.00 |
| Beta | 0.992 |
| Volatility | 56.82% |
| Current Volume | 831.5k |
| Average Volume 20d | 368.6k |
| Stop Loss | 12.3 (-5%) |
| Signal | -0.42 |
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (-9.89m TTM) > 0 and > 6% of Revenue (6% = 42.1m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 1.67pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -18.16% (prev -16.73%; Δ -1.43pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 107.4m > Net Income -9.89m (YES >=105%, WARN >=100%) |
| Net Debt (-199.8m) to EBITDA (96.0m) ratio: -2.08 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.72 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (54.6m) change vs 12m ago 2.04% (target <= -2.0% for YES) |
| Gross Margin 45.23% (prev 37.68%; Δ 7.55pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 78.25% (prev 68.91%; Δ 9.35pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.82 (EBITDA TTM 96.0m / Interest Expense TTM 46.1m) >= 6 (WARN >= 3) |
Altman Z'' -2.31
| (A) -0.14 = (Total Current Assets 322.5m - Total Current Liabilities 450.1m) / Total Assets 936.5m |
| (B) -0.41 = Retained Earnings (Balance) -381.8m / Total Assets 936.5m |
| (C) 0.04 = EBIT TTM 37.6m / Avg Total Assets 897.4m |
| (D) -0.35 = Book Value of Equity -381.8m / Total Liabilities 1.08b |
| Total Rating: -2.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 61.10
| 1. Piotroski 6.0pt = 1.0 |
| 2. FCF Yield 5.04% = 2.52 |
| 3. FCF Margin 8.35% = 2.09 |
| 4. Debt/Equity data missing |
| 5. Debt/Ebitda 6.54 = -2.50 |
| 6. ROIC - WACC (= 1.99)% = 2.49 |
| 7. RoE data missing |
| 8. Rev. Trend 57.38% = 4.30 |
| 9. EPS Trend 23.97% = 1.20 |
What is the price of LIND shares?
Over the past week, the price has changed by -0.99%, over one month by -5.47%, over three months by +19.03% and over the past year by +27.59%.
Is Lindblad Expeditions a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LIND is around 12.60 USD . This means that LIND is currently overvalued and has a potential downside of -2.7%.
Is LIND a buy, sell or hold?
- Strong Buy: 2
- Buy: 0
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the LIND price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 15.3 | 18.4% |
| Analysts Target Price | 15.3 | 18.4% |
| ValueRay Target Price | 13.7 | 5.9% |
Last update: 2025-09-16 04:37
LIND Fundamental Data Overview
CCE Cash And Equivalents = 200.9m USD (Cash And Short Term Investments, last quarter)
P/E Forward = 19.2308
P/S = 1.047
P/B = 159.797
Beta = 2.641
Revenue TTM = 702.3m USD
EBIT TTM = 37.6m USD
EBITDA TTM = 96.0m USD
Long Term Debt = 627.3m USD (from longTermDebt, last quarter)
Short Term Debt = 1.13m USD (from shortTermDebt, last quarter)
Debt = 628.4m USD (Calculated: Short Term 1.13m + Long Term 627.3m)
Net Debt = -199.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.16b USD (735.3m + Debt 628.4m - CCE 200.9m)
Interest Coverage Ratio = 0.82 (Ebit TTM 37.6m / Interest Expense TTM 46.1m)
FCF Yield = 5.04% (FCF TTM 58.6m / Enterprise Value 1.16b)
FCF Margin = 8.35% (FCF TTM 58.6m / Revenue TTM 702.3m)
Net Margin = -1.41% (Net Income TTM -9.89m / Revenue TTM 702.3m)
Gross Margin = 45.23% ((Revenue TTM 702.3m - Cost of Revenue TTM 384.6m) / Revenue TTM)
Tobins Q-Ratio = -3.05 (set to none) (Enterprise Value 1.16b / Book Value Of Equity -381.8m)
Interest Expense / Debt = 1.85% (Interest Expense 11.6m / Debt 628.4m)
Taxrate = 21.0% (US default)
NOPAT = 29.7m (EBIT 37.6m * (1 - 21.00%))
Current Ratio = 0.72 (Total Current Assets 322.5m / Total Current Liabilities 450.1m)
Debt / EBITDA = 6.54 (Net Debt -199.8m / EBITDA 96.0m)
Debt / FCF = 10.72 (Debt 628.4m / FCF TTM 58.6m)
Total Stockholder Equity = -190.1m (last 4 quarters mean)
RoA = -1.06% (Net Income -9.89m, Total Assets 936.5m )
RoE = unknown (Net Income TTM -9.89m / Total Stockholder Equity -190.1m)
RoCE = 8.60% (Ebit 37.6m / (Equity -190.1m + L.T.Debt 627.3m))
RoIC = 7.88% (NOPAT 29.7m / Invested Capital 376.9m)
WACC = 5.89% (E(735.3m)/V(1.36b) * Re(9.67%)) + (D(628.4m)/V(1.36b) * Rd(1.85%) * (1-Tc(0.21)))
Shares Correlation 3-Years: 81.82 | Cagr: 0.26%
Discount Rate = 9.67% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 63.47% ; FCFE base≈50.9m ; Y1≈33.4m ; Y5≈15.3m
Fair Price DCF = 4.28 (DCF Value 234.4m / Shares Outstanding 54.8m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 23.97 | EPS CAGR: 0.0% | SUE: 0.67 | # QB: 0
Revenue Correlation: 57.38 | Revenue CAGR: 5.54% | SUE: N/A | # QB: None
Additional Sources for LIND Stock
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