Norwegian Cruise Line Holdings Ltd. stock: filings, catalysts and timeline
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FundamentalsWhat is this?HideBalanced
How the business is doing on its own reported US-GAAP numbers — growth, margins, cash generation, balance-sheet strength, capital efficiency and dilution — compared with sector peers.
Source: SEC XBRL financial statements.
ValueWhat is this?HideWatch
How the shares are priced against sector peers, against the company's own recent history, and against a simple cash-flow estimate, using the filing numbers and the current price. AIR shows this as a band, never as a target price.
Source: SEC XBRL financial statements and end-of-day prices.
News flowWhat is this?HideBalanced
What the company has documented recently: material 8-K events (contracts, deals, results, leadership changes) and FDA approvals, weighted by recency and type. A language model's reading of each 8-K helps classify whether it is positive or negative. Filings, not press or social media.
Source: SEC EDGAR 8-K filings and FDA approvals.
MomentumWhat is this?HideWatch
The longer-term market read: the trend in end-of-day prices, strength against the market and the sector, and trading volume over roughly the past three to twelve months. It is shown, never used to rank the Shortlist.
Source: End-of-day prices.
SafetyWhat is this?HideWatch
The risk side: leverage, liquidity, cash runway, dilution, revenue and margin swings, company size and pre-commercial status, negative 8-K events (including legal and regulatory ones), and share-price drawdown and volatility. Higher means fewer of those risk markers.
Source: SEC XBRL financial statements, SEC EDGAR 8-K filings and end-of-day prices.
Discovery Gap: Medium (20/100) · Gap confidence 58/100
Some evidence isn't yet fully priced in.
Low is the most common level — the cut-offs are fixed, and levels can shift as scores refresh.
What is this?Hide
How far documented progress (News flow) runs ahead of market attention. Attention is measured from institutional holdings reported to the SEC, trading volume, price behaviour and how richly the shares are valued — not from social media or analyst ratings.
Source: SEC EDGAR filings (8-K and 13F), FDA approvals and end-of-day prices.
How levels work. The levels use fixed cut-offs, but market attention is ranked against the other ~1,800 companies AIR covers that day (valuation against the same sector). Documented progress counts filings from the past 18 months, newer ones weighing more; attention uses the latest quarter of institutional holdings, the last three to six months of trading, and six to twelve months of price behaviour. Many companies show a Low Gap or none at all — a gap needs filings that read more positively than neutral. A level can change from one day to the next as scores refresh and the other companies move.
Gap confidenceWhat is this?HideModerate 58/100How fully AIR could measure this Gap.
How fully AIR could measure both sides of the Discovery Gap: the documented progress (News flow) and market attention (Recognition). It takes the weaker of the two, and reads zero when either side has no measurement. It describes the data, not the company.
Evidence strengthWhat is this?HideStrong 81/100Support behind the full AIR read, not only the Gap.
How much data stands behind the whole AIR read — all five perspectives, not just the Discovery Gap. Each perspective reports how complete its inputs are, and these are combined in the same proportions as the AIR Score; a perspective AIR could not score adds nothing, so missing data lowers this figure. It describes the data, not the company.
This month at a glance
Evidence timeline
- Expected
Tue 2 Mar · expected 10-K
Last year filed 2 Mar 2026.
Tue 4 May · expected 10-Q
Last year filed 4 May 2026.
- Filed
Fri 30 Oct · 8-K
8-K · Items 1.01, 2.03 — Material agreement
NCLH secured ~$5 billion in export credit-backed financing for two new NextGen cruise vessels delivering in 2034–2036. Facilities feature competitive SOFR+90bps rates, 100% SACE insurance, and 12-year repayment terms, enabling capital-efficient fleet modernization.
News flow: Balanced 47 → Balanced 51Recognition: Watch 40 → Watch 44Value: Watch 26 → Watch 44Gap Low · 0 → Medium · 21The filings read more positively.
More of the market is starting to notice.
The shares became cheaper on AIR's value read.
Progress is running ahead of attention.
The price trend strengthened.
Thu 29 Oct · 8-K
8-K · Item 2.02 — Results of operations
NCLH reported Q3 2026 results above guidance with $937M Adjusted EBITDA and $1.12 EPS, raising full-year 2026 guidance to $2.55B EBITDA and $1.70 EPS. Company expects 1-2% Net Yield growth in 2027 and announced ~$100M in additional run-rate savings.
News flow: Balanced 47 → Balanced 51Recognition: Watch 39 → Watch 43Value: Watch 26 → Balanced 45Gap Low · 0 → Medium · 22The filings read more positively.
More of the market is starting to notice.
The shares became cheaper on AIR's value read.
Progress is running ahead of attention.
The price trend strengthened.
Thu 29 Oct · 8-K
8-K · Item 5.02 — Director or officer change
News flow: Balanced 47 → Balanced 51Recognition: Watch 39 → Watch 43Value: Watch 26 → Balanced 45Gap Low · 0 → Medium · 22The filings read more positively.
More of the market is starting to notice.
The shares became cheaper on AIR's value read.
Progress is running ahead of attention.
The price trend strengthened.
Thu 29 Oct · 10-Q
Quarterly report (10-Q), period ending 30 Sep 2026
News flow: Balanced 47 → Balanced 51Recognition: Watch 39 → Watch 43Value: Watch 26 → Balanced 45Gap Low · 0 → Medium · 22The filings read more positively.
More of the market is starting to notice.
The shares became cheaper on AIR's value read.
Progress is running ahead of attention.
The price trend strengthened.
Thu 15 Oct · 8-K
8-K · Items 1.01, 1.02, 2.03, 8.01 — Material agreement
NCLH issued $950M of 8.750% senior notes due 2031 to refinance $525M of 6.125% notes due 2028, repay $376.3M revolving credit, and prepay $42.2M export-credit facilities. Higher coupon increases debt service costs.
News flow: Balanced 52 → Balanced 47Gap High · 41 → Low · 0The filings read less positively.
The gap closed as the filings read less positively.
Wed 30 Sep · 8-K
Gap High · 38 → High · 44Progress is running ahead of attention.
Mon 3 Aug · 10-Q
Quarterly report (10-Q), period ending 23 Jul 2026
Thu 30 Jul · 8-K
Tue 16 Jun · 8-K
Fri 29 May · 8-K
Mon 4 May · 10-Q
Quarterly report (10-Q), period ending 22 Apr 2026
Mon 4 May · 8-K
Fri 27 Mar · 8-K
Fri 27 Mar · 8-K
Mon 16 Mar · 8-K
Mon 2 Mar · 8-K
Mon 2 Mar · 10-K
Annual report (10-K), FY2026
Thu 12 Feb · 8-K
Solid dots: a filing AIR classified as material. Grey: routine. Hollow: expected, from last year's dates — not a forecast.
Ask AIR
What would change our view
Research, not tips. No buy/sell recommendations, no price forecasts. Every score is derived from public filings and market data — figures round to whole numbers and refresh each trading day.