(LIND) Lindblad Expeditions - Ratings and Ratios
Ship Expeditions, Land Expeditions, Wildlife Tours, Cultural Tours
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 59.6% |
| Value at Risk 5%th | 86.6% |
| Relative Tail Risk | -11.63% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.05 |
| Alpha | -26.66 |
| CAGR/Max DD | 0.27 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.551 |
| Beta | 1.321 |
| Beta Downside | 1.347 |
| Drawdowns 3y | |
|---|---|
| Max DD | 53.00% |
| Mean DD | 21.95% |
| Median DD | 21.13% |
Description: LIND Lindblad Expeditions December 01, 2025
Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) operates two complementary businesses: the Lindblad segment, which runs small-scale, purpose-built expedition ships to remote natural destinations (e.g., Antarctica, the Galápagos, Alaska), and the Land Experiences segment, which offers small-group, eco-focused tours-including DuVine cycling trips and Classic Journey itineraries-across more than 45 countries.
Key operating metrics (FY 2023, disclosed in the latest 10-K) show ≈ 300 passenger-days per ship per voyage, an average occupancy of 92 %, and total revenue of $560 million, with the land-based segment contributing roughly 38 % of that revenue. The company’s partnership with National Geographic and WWF provides differentiated content that commands a premium price point, reflected in an average ticket price of $5,200 per passenger for ship voyages.
Sector-level drivers include the rebound in discretionary travel spending after COVID-19, rising consumer demand for experiential and sustainable tourism, and the premium-pricing power of niche cruise operators that can navigate climate-regulation constraints better than mass-market lines. A material risk is the sensitivity of bookings to fuel price volatility and geopolitical tensions that could limit access to key itineraries.
For a deeper quantitative view, the ValueRay platform’s detailed financial model can help you assess Lindblad’s upside potential.
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) 61.66
| 1. Piotroski 4.0pt |
| 2. FCF Yield 4.95% |
| 3. FCF Margin 7.08% |
| 4. Debt/Equity -3.81 |
| 5. Debt/Ebitda 4.89 |
| 6. ROIC - WACC (= 2.29)% |
| 7. RoE 14.42% |
| 8. Rev. Trend 83.40% |
| 9. EPS Trend 61.84% |
What is the price of LIND shares?
Over the past week, the price has changed by +2.08%, over one month by -1.76%, over three months by -16.23% and over the past year by -8.43%.
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 | 33% |
| Analysts Target Price | 16.3 | 33% |
| ValueRay Target Price | 11.6 | -5.6% |
LIND Fundamental Data Overview November 26, 2025
P/E Forward = 19.2308
P/S = 0.8824
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 = 1.05b USD (649.9m + Debt 665.0m - CCE 261.8m)
Interest Coverage Ratio = 0.46 (Ebit TTM 21.2m / Interest Expense TTM 46.1m)
FCF Yield = 4.95% (FCF TTM 52.2m / Enterprise Value 1.05b)
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 = 1.08 (Enterprise Value 1.05b / 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 = 5.38% (E(649.9m)/V(1.31b) * Re(10.88%) + (debt cost/tax rate unavailable))
Discount Rate = 10.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.05%
[DCF Debug] Terminal Value 58.84% ; FCFE base≈51.3m ; Y1≈33.7m ; Y5≈15.4m
Fair Price DCF = 3.68 (DCF Value 204.0m / Shares Outstanding 55.4m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 61.84 | EPS CAGR: 42.04% | SUE: 1.45 | # QB: 1
Revenue Correlation: 83.40 | Revenue CAGR: 41.38% | SUE: 1.07 | # QB: 5
EPS next Quarter (2026-03-31): EPS=0.06 | Chg30d=+0.020 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.19 | Chg30d=+0.074 | Revisions Net=+1 | Growth EPS=+140.5% | Growth Revenue=+9.0%
Additional Sources for LIND Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle