Publicação
Equity valuation of royal caribbean group: the comeback of the cruise industy
| Resumo: | This thesis provides an Equity Research analysis of Royal Caribbean Group, a global cruise operator active across the contemporary, premium, and luxury cruise segments. The report examines the global cruise industry and its competitive environment, alongside a detailed company overview and assessment of Royal Caribbean’s strategic positioning. It further analyzes the company’s historical financial performance, capital structure evolution, and relevant ESG considerations. In addition, the report develops the key valuation assumptions, including discount rate and growth parameters, and applies intrinsic valuation methodologies such as Discounted Cash Flow, Adjusted Present Value, and scenario and sensitivity analyses. The combined insights from industry, financial, and valuation analyses lead to a final BUY recommendation, reflecting Royal Caribbean’s capacity to generate sustainable cash flows and create shareholder value as balance sheet normalization progresses. |
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| Autores principais: | Esaguy, João Cardoso |
| Assunto: | Up to four Cruise industry RCL Royal caribbean Discounted cash flow |
| Ano: | 2026 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | This thesis provides an Equity Research analysis of Royal Caribbean Group, a global cruise operator active across the contemporary, premium, and luxury cruise segments. The report examines the global cruise industry and its competitive environment, alongside a detailed company overview and assessment of Royal Caribbean’s strategic positioning. It further analyzes the company’s historical financial performance, capital structure evolution, and relevant ESG considerations. In addition, the report develops the key valuation assumptions, including discount rate and growth parameters, and applies intrinsic valuation methodologies such as Discounted Cash Flow, Adjusted Present Value, and scenario and sensitivity analyses. The combined insights from industry, financial, and valuation analyses lead to a final BUY recommendation, reflecting Royal Caribbean’s capacity to generate sustainable cash flows and create shareholder value as balance sheet normalization progresses. |
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