Why has Royal Caribbean caught such a run up in stock growth while CCL & NCLH cannot seem to break out of their lows?
1. It’s clear that RCL has had a better 2023 in terms of profit relative to revenues.
2. They asset to liability ratio is comparable to CCL’s, but not NCLH. NCLH’s asset to liability ratio is much closer 1:1.
3. RCL’s revenue multiple to market cap is much higher than CCL & NCLH.
4. Any other points to bring to bring to discussion?
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