(LIND) Lindblad Expeditions - Ratings and Ratios
Expedition, Cruises, Eco-Tours, Cycling, Hiking
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 59.7% |
| Value at Risk 5%th | 87.2% |
| Relative Tail Risk | -11.26% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.10 |
| Alpha | -29.42 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.423 |
| Beta | 1.334 |
| Beta Downside | 1.341 |
| Drawdowns 3y | |
|---|---|
| Max DD | 53.00% |
| Mean DD | 22.02% |
| Median DD | 21.18% |
Description: LIND Lindblad Expeditions September 11, 2025
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 | 668m |
| Sub-Industry | Hotels, Resorts & Cruise Lines |
| IPO / Inception | 2015-07-09 |
| Return 12m vs S&P 500 | -24.7% |
| Analyst Rating | 4.33 of 5 |
LIND Dividends
Currently no dividends paidLIND Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 4.70% |
| CAGR/Max DD Calmar Ratio | 0.09 |
| CAGR/Mean DD Pain Ratio | 0.21 |
| Current Volume | 243.3k |
| Average Volume | 371.1k |
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (-31.2m TTM) > 0 and > 6% of Revenue (6% = 44.2m TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA -0.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -10.16% (prev -15.81%; Δ 5.65pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 98.8m > Net Income -31.2m (YES >=105%, WARN >=100%) |
| Net Debt (403.2m) to EBITDA (82.4m) ratio: 4.89 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.83 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (55.6m) change vs 12m ago -11.24% (target <= -2.0% for YES) |
| Gross Margin 45.04% (prev 42.35%; Δ 2.69pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 78.92% (prev 69.84%; Δ 9.08pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.46 (EBITDA TTM 82.4m / Interest Expense TTM 46.1m) >= 6 (WARN >= 3) |
Altman Z'' -2.00
| (A) -0.08 = (Total Current Assets 363.8m - Total Current Liabilities 438.6m) / Total Assets 976.5m |
| (B) -0.39 = Retained Earnings (Balance) -384.6m / Total Assets 976.5m |
| (C) 0.02 = EBIT TTM 21.2m / Avg Total Assets 933.2m |
| (D) -0.35 = Book Value of Equity -384.6m / Total Liabilities 1.11b |
| Total Rating: -2.00 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 59.93
| 1. Piotroski 4.0pt = -1.0 |
| 2. FCF Yield 4.87% = 2.44 |
| 3. FCF Margin 7.08% = 1.77 |
| 4. Debt/Equity -3.81 = -2.50 |
| 5. Debt/Ebitda 4.89 = -2.50 |
| 6. ROIC - WACC (= 2.19)% = 2.74 |
| 7. RoE 14.42% = 1.20 |
| 8. Rev. Trend 72.39% = 5.43 |
| 9. EPS Trend 46.94% = 2.35 |
What is the price of LIND shares?
Over the past week, the price has changed by -6.22%, over one month by -3.86%, over three months by -16.42% and over the past year by -13.78%.
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 | 16.3 | 42.6% |
| Analysts Target Price | 16.3 | 42.6% |
| ValueRay Target Price | 11.2 | -2.4% |
LIND Fundamental Data Overview November 17, 2025
P/E Forward = 19.2308
P/S = 0.9065
P/B = 159.797
Beta = 2.369
Revenue TTM = 736.4m USD
EBIT TTM = 21.2m USD
EBITDA TTM = 82.4m USD
Long Term Debt = 663.4m USD (from longTermDebt, last quarter)
Short Term Debt = 831.0k USD (from shortTermDebt, last quarter)
Debt = 665.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 403.2m USD (from netDebt column, last quarter)
Enterprise Value = 1.07b USD (667.6m + Debt 665.0m - CCE 261.8m)
Interest Coverage Ratio = 0.46 (Ebit TTM 21.2m / Interest Expense TTM 46.1m)
FCF Yield = 4.87% (FCF TTM 52.2m / Enterprise Value 1.07b)
FCF Margin = 7.08% (FCF TTM 52.2m / Revenue TTM 736.4m)
Net Margin = -4.24% (Net Income TTM -31.2m / Revenue TTM 736.4m)
Gross Margin = 45.04% ((Revenue TTM 736.4m - Cost of Revenue TTM 404.8m) / Revenue TTM)
Gross Margin QoQ = 42.00% (prev 45.58%)
Tobins Q-Ratio = 1.10 (Enterprise Value 1.07b / Total Assets 976.5m)
Interest Expense / Debt = 1.69% (Interest Expense 11.3m / Debt 665.0m)
Taxrate = -127.6% (out of range, set to none) (-2.56m / 2.01m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.83 (Total Current Assets 363.8m / Total Current Liabilities 438.6m)
Debt / Equity = -3.81 (negative equity) (Debt 665.0m / totalStockholderEquity, last quarter -174.8m)
Debt / EBITDA = 4.89 (Net Debt 403.2m / EBITDA 82.4m)
Debt / FCF = 7.73 (Net Debt 403.2m / FCF TTM 52.2m)
Total Stockholder Equity = -216.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.20% (Net Income -31.2m / Total Assets 976.5m)
RoE = 14.42% (negative equity) (Net Income TTM -31.2m / Total Stockholder Equity -216.4m)
RoCE = 4.74% (EBIT 21.2m / Capital Employed (Equity -216.4m + L.T.Debt 663.4m))
RoIC = 7.67% (EBIT 21.2m / (Assets 976.5m - Curr.Liab 438.6m - Cash 261.8m))
WACC = 5.48% (E(667.6m)/V(1.33b) * Re(10.93%) + (debt cost/tax rate unavailable))
Discount Rate = 10.93% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.05%
[DCF Debug] Terminal Value 58.66% ; FCFE base≈51.3m ; Y1≈33.7m ; Y5≈15.4m
Fair Price DCF = 3.66 (DCF Value 202.9m / Shares Outstanding 55.4m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 46.94 | EPS CAGR: 236.3% | SUE: 1.45 | # QB: 1
Revenue Correlation: 72.39 | Revenue CAGR: 29.50% | SUE: 1.07 | # QB: 5
Additional Sources for LIND Stock
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