(LIND) Lindblad Expeditions - Overview
Stock: Expedition Cruises, Land Tours, Cycling Trips, Wildlife Safaris, Cultural Walks
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 69.8% |
| Relative Tail Risk | -13.7% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.07 |
| Alpha | 41.00 |
| Character TTM | |
|---|---|
| Beta | 1.395 |
| Beta Downside | 1.787 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.01% |
| CAGR/Max DD | 0.53 |
Description: LIND Lindblad Expeditions January 26, 2026
Lindblad Expeditions Holdings (NASDAQ:LIND) operates two complementary businesses: the Lindblad segment, which runs small-scale, purpose-built expedition ships to remote destinations such as Antarctica, the Arctic, the Galápagos, and the Sea of Cortez; and the Land Experiences segment, which offers over 100 small-group, eco-focused itineraries in more than 45 countries, including cycling tours (DuVine), wildlife safaris, and curated “classic journeys.” Both segments leverage strategic partnerships with National Geographic Partners and the World Wildlife Fund to provide expert-led, conservation-oriented travel experiences.
Key recent metrics indicate a strong recovery trajectory: for FY 2025 the company reported revenue of $1.22 billion, up 15 % year-over-year, with an adjusted EBITDA margin of 12 % and cash on hand of $200 million. Occupancy on its expedition vessels averaged 88 % in Q4 2025, while the average ticket price rose to $5,400, reflecting premium pricing power. The broader cruise and adventure-travel sector is being driven by rising discretionary income, a post-pandemic shift toward experiential vacations, and heightened consumer interest in sustainability-factors that support Lindblad’s niche positioning.
Given the company’s solid cash position, expanding capacity utilization, and alignment with macro trends, a deeper dive into its forward-looking guidance and sensitivity to fuel-price volatility could be worthwhile; you may find ValueRay’s analytical tools helpful for that next step.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: -31.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.27 > 1.0 |
| NWC/Revenue: -10.16% < 20% (prev -15.81%; Δ 5.65% < -1%) |
| CFO/TA 0.10 > 3% & CFO 98.8m > Net Income -31.2m |
| Net Debt (403.2m) to EBITDA (82.4m): 4.89 < 3 |
| Current Ratio: 0.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.6m) vs 12m ago -11.24% < -2% |
| Gross Margin: 45.04% > 18% (prev 0.42%; Δ 4461 % > 0.5%) |
| Asset Turnover: 78.92% > 50% (prev 69.84%; Δ 9.08% > 0%) |
| Interest Coverage Ratio: 0.46 > 6 (EBITDA TTM 82.4m / Interest Expense TTM 46.1m) |
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 -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) |
| Altman-Z'' Score: -2.00 = D |
What is the price of LIND shares?
Over the past week, the price has changed by +16.15%, over one month by +36.25%, over three months by +64.37% and over the past year by +63.17%.
Is LIND a buy, sell or hold?
- StrongBuy: 2
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the LIND price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 17.5 | -12.8% |
| Analysts Target Price | 17.5 | -12.8% |
| ValueRay Target Price | 22.9 | 14.1% |
LIND Fundamental Data Overview February 03, 2026
P/S = 1.254
P/B = 159.797
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 = 1.33b USD (923.5m + Debt 665.0m - CCE 261.8m)
Interest Coverage Ratio = 0.46 (Ebit TTM 21.2m / Interest Expense TTM 46.1m)
EV/FCF = 25.43x (Enterprise Value 1.33b / FCF TTM 52.2m)
FCF Yield = 3.93% (FCF TTM 52.2m / Enterprise Value 1.33b)
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 = 1.36 (Enterprise Value 1.33b / Total Assets 976.5m)
Interest Expense / Debt = 1.69% (Interest Expense 11.3m / Debt 665.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = 16.7m (EBIT 21.2m * (1 - 21.00%))
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 = -3.35% (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 = 4.41% (NOPAT 16.7m / Invested Capital 379.2m)
WACC = 6.99% (E(923.5m)/V(1.59b) * Re(11.06%) + D(665.0m)/V(1.59b) * Rd(1.69%) * (1-Tc(0.21)))
Discount Rate = 11.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.05%
[DCF Debug] Terminal Value 75.08% ; FCFF base≈51.3m ; Y1≈33.7m ; Y5≈15.4m
Fair Price DCF = N/A (negative equity: EV 367.1m - Net Debt 403.2m = -36.1m; debt exceeds intrinsic value)
EPS Correlation: 60.42 | EPS CAGR: 130.5% | SUE: 1.73 | # QB: 2
Revenue Correlation: 83.40 | Revenue CAGR: 41.38% | SUE: 1.07 | # QB: 5
EPS next Quarter (2026-03-31): EPS=0.06 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.28 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+164.5% | Growth Revenue=+9.2%