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Lindblad Expeditions Holdings

Nasdaq:LIND
Snowflake Description

Undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LIND
Nasdaq
$177M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Lindblad Expeditions Holdings, Inc. provides expedition cruising and adventure travel experiences. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Lindblad Expeditions Holdings has significant price volatility in the past 3 months.
LIND Share Price and Events
7 Day Returns
-29%
NasdaqCM:LIND
-10.6%
US Hospitality
-1.1%
US Market
1 Year Returns
-78%
NasdaqCM:LIND
-46.7%
US Hospitality
-13.6%
US Market
LIND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lindblad Expeditions Holdings (LIND) -29% -69.3% -77.9% -78% -60.3% -
US Hospitality -10.6% -37.4% -50% -46.7% -38.5% -37.2%
US Market -1.1% -17.8% -22.5% -13.6% 4.9% 16.3%
1 Year Return vs Industry and Market
  • LIND underperformed the Hospitality industry which returned -46.7% over the past year.
  • LIND underperformed the Market in United States of America which returned -13.6% over the past year.
Price Volatility
LIND
Industry
5yr Volatility vs Market

LIND Value

 Is Lindblad Expeditions Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lindblad Expeditions Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lindblad Expeditions Holdings.

NasdaqCM:LIND Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:LIND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.8
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.805 (1 + (1- 21%) (126.68%))
1.409
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.409 * 5.44%)
9.4%

Discounted Cash Flow Calculation for NasdaqCM:LIND using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lindblad Expeditions Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqCM:LIND DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.4%)
2020 -131.82 Analyst x2 -120.49
2021 -71.18 Analyst x2 -59.47
2022 33.49 Analyst x1 25.57
2023 42.00 Est @ 25.44% 29.32
2024 49.70 Est @ 18.33% 31.71
2025 56.34 Est @ 13.35% 32.86
2026 61.90 Est @ 9.87% 33.00
2027 66.50 Est @ 7.43% 32.40
2028 70.30 Est @ 5.72% 31.31
2029 73.49 Est @ 4.53% 29.92
Present value of next 10 years cash flows $66.00
NasdaqCM:LIND DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $73.49 × (1 + 1.74%) ÷ (9.4% – 1.74%)
$975.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $975.73 ÷ (1 + 9.4%)10
$397.25
NasdaqCM:LIND Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $66.00 + $397.25
$463.25
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $463.25 / 49.63
$9.33
NasdaqCM:LIND Discount to Share Price
Calculation Result
Value per share (USD) From above. $9.33
Current discount Discount to share price of $3.57
= -1 x ($3.57 - $9.33) / $9.33
61.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Lindblad Expeditions Holdings is available for.
Intrinsic value
>50%
Share price is $3.57 vs Future cash flow value of $9.33
Current Discount Checks
For Lindblad Expeditions Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lindblad Expeditions Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lindblad Expeditions Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lindblad Expeditions Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lindblad Expeditions Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:LIND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.29
NasdaqCM:LIND Share Price ** NasdaqCM (2020-04-02) in USD $3.57
United States of America Hospitality Industry PE Ratio Median Figure of 65 Publicly-Listed Hospitality Companies 12.39x
United States of America Market PE Ratio Median Figure of 2,943 Publicly-Listed Companies 12.9x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lindblad Expeditions Holdings.

NasdaqCM:LIND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:LIND Share Price ÷ EPS (both in USD)

= 3.57 ÷ 0.29

12.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lindblad Expeditions Holdings is good value based on earnings compared to the US Hospitality industry average.
  • Lindblad Expeditions Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Lindblad Expeditions Holdings's expected growth come at a high price?
Raw Data
NasdaqCM:LIND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
22.6%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 50 Publicly-Listed Hospitality Companies 0.62x
United States of America Market PEG Ratio Median Figure of 2,006 Publicly-Listed Companies 0.95x

*Line of best fit is calculated by linear regression .

NasdaqCM:LIND PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.36x ÷ 22.6%

0.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lindblad Expeditions Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Lindblad Expeditions Holdings's assets?
Raw Data
NasdaqCM:LIND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.48
NasdaqCM:LIND Share Price * NasdaqCM (2020-04-02) in USD $3.57
United States of America Hospitality Industry PB Ratio Median Figure of 106 Publicly-Listed Hospitality Companies 1.31x
United States of America Market PB Ratio Median Figure of 5,140 Publicly-Listed Companies 1.25x
NasdaqCM:LIND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:LIND Share Price ÷ Book Value per Share (both in USD)

= 3.57 ÷ 2.48

1.44x

* Primary Listing of Lindblad Expeditions Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lindblad Expeditions Holdings is overvalued based on assets compared to the US Hospitality industry average.
X
Value checks
We assess Lindblad Expeditions Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Lindblad Expeditions Holdings has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LIND Future Performance

 How is Lindblad Expeditions Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lindblad Expeditions Holdings expected to grow at an attractive rate?
  • Lindblad Expeditions Holdings's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Lindblad Expeditions Holdings's earnings growth is expected to exceed the United States of America market average.
  • Lindblad Expeditions Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:LIND Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:LIND Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 22.6%
NasdaqCM:LIND Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 11.2%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.2%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:LIND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:LIND Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 491 73 27 2
2021-12-31 421 81 22 4
2020-12-31 375 35 15 5
2020-04-03
NasdaqCM:LIND Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 343 63 14
2019-09-30 338 59 11
2019-06-30 324 69 16
2019-03-31 317 61 15
2018-12-31 310 56 11
2018-09-30 302 63 0
2018-06-30 300 54 4
2018-03-31 286 61 2
2017-12-31 267 53 -9
2017-09-30 259 45 -1
2017-06-30 246 48 -3
2017-03-31 244 35 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lindblad Expeditions Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Lindblad Expeditions Holdings's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:LIND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Lindblad Expeditions Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:LIND Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.55 0.55 0.55 2.00
2021-12-31 0.44 0.66 0.26 4.00
2020-12-31 0.31 0.55 -0.06 5.00
2020-04-03
NasdaqCM:LIND Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.29
2019-09-30 0.23
2019-06-30 0.35
2019-03-31 0.34
2018-12-31 0.25
2018-09-30 0.00
2018-06-30 0.09
2018-03-31 0.03
2017-12-31 -0.19
2017-09-30 -0.03
2017-06-30 -0.07
2017-03-31 -0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lindblad Expeditions Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lindblad Expeditions Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lindblad Expeditions Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LIND Past Performance

  How has Lindblad Expeditions Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lindblad Expeditions Holdings's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lindblad Expeditions Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Lindblad Expeditions Holdings's 1-year earnings growth exceeds its 5-year average (20.7% vs -23.4%)
  • Lindblad Expeditions Holdings's earnings growth has exceeded the US Hospitality industry average in the past year (20.7% vs 1.6%).
Earnings and Revenue History
Lindblad Expeditions Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lindblad Expeditions Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:LIND Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 343.09 13.70 117.52
2019-09-30 337.90 10.52 118.97
2019-06-30 324.16 16.08 115.15
2019-03-31 316.98 15.23 112.78
2018-12-31 309.73 11.35 109.89
2018-09-30 302.35 -0.01 105.20
2018-06-30 299.69 4.21 105.03
2018-03-31 285.79 1.54 103.20
2017-12-31 266.50 -8.66 101.47
2017-09-30 259.41 -1.33 101.82
2017-06-30 245.60 -3.19 98.10
2017-03-31 243.90 -5.01 94.62
2016-12-31 242.35 4.86 90.03
2016-09-30 232.69 13.10 84.67
2016-06-30 220.48 10.10 80.77
2016-03-31 216.14 23.28 76.86
2015-12-31 209.99 19.74 74.08
2015-09-30 208.27 21.59 72.29
2015-06-30 201.25 24.45 68.44
2015-03-31 202.51 20.77 66.92
2014-12-31 198.46 22.25 66.77
2013-12-31 192.24 14.84 60.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lindblad Expeditions Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lindblad Expeditions Holdings used its assets less efficiently than the US Hospitality industry average last year based on Return on Assets.
  • Lindblad Expeditions Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lindblad Expeditions Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lindblad Expeditions Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LIND Health

 How is Lindblad Expeditions Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lindblad Expeditions Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lindblad Expeditions Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lindblad Expeditions Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lindblad Expeditions Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lindblad Expeditions Holdings Company Filings, last reported 3 months ago.

NasdaqCM:LIND Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 139.36 218.07 101.58
2019-09-30 135.36 218.12 104.14
2019-06-30 137.29 187.66 78.75
2019-03-31 135.55 190.01 70.10
2018-12-31 122.55 190.09 113.40
2018-09-30 126.85 190.16 105.69
2018-06-30 120.13 190.23 91.56
2018-03-31 119.37 189.98 97.28
2017-12-31 112.62 165.94 96.44
2017-09-30 130.36 165.92 112.32
2017-06-30 117.86 165.80 99.32
2017-03-31 118.91 165.99 103.78
2016-12-31 118.98 165.88 135.42
2016-09-30 130.83 165.77 149.02
2016-06-30 122.03 165.66 150.81
2016-03-31 117.61 163.07 181.87
2015-12-31 113.92 164.44 206.90
2015-09-30 118.60 164.45 208.75
2015-06-30 2.29 139.77 53.47
2015-03-31 75.71 55.65 37.95
2014-12-31 67.57 56.69 39.68
2013-12-31 55.57 60.94 44.35
  • Lindblad Expeditions Holdings's level of debt (156.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (83.8% vs 156.5% today).
  • Debt is well covered by operating cash flow (28.7%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Lindblad Expeditions Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lindblad Expeditions Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LIND Dividends

 What is Lindblad Expeditions Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Lindblad Expeditions Holdings dividends.
If you bought $2,000 of Lindblad Expeditions Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Lindblad Expeditions Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lindblad Expeditions Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:LIND Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 5.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1943 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:LIND Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-03

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Lindblad Expeditions Holdings has not reported any payouts.
  • Unable to verify if Lindblad Expeditions Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lindblad Expeditions Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lindblad Expeditions Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lindblad Expeditions Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lindblad Expeditions Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lindblad Expeditions Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LIND Management

 What is the CEO of Lindblad Expeditions Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sven-Olof Lindblad
COMPENSATION $1,657,858
AGE 68
TENURE AS CEO 4.8 years
CEO Bio

Mr. Sven-Olof Lindblad founded Lindblad Expeditions Holdings Inc. and has been its Chief Executive Officer and President and Director since July 08, 2015. Mr. Lindblad founded Lindblad expeditions, Inc in 1979 and serves as its President. In 2004, Mr. Lindblad formed a strategic alliance with National Geographic. He serves as a member of the General Assembly of the Charles Darwin Foundation for the Galapagos Islands. He serves on the Board of Blue Ocean Institute and the National Geographic Society’s International Council of Advisors and is a founding Ocean Elder of Ocean Elders. Mr. Lindblad has received many awards including 2009 Climate Champion Award from Clean-Air, Cool Planet, the 2008 National Wildlife Federation’s Conservation Award for Corporate Achievement and the 2007 Global Tourism Business Award from the World Travel and Tourism Council. The United Nations Environment Programme named him to their Global 500 roll of honor. In May 2006, Mr. Lindblad received international recognition for his innovative and successful model of tourism, receiving the “Commandeur de Notre Ordre de Merite Civil et Militaire d’Adolphe de Nassau” from Grand Duke Henri of Luxembourg at the Grand-Ducal Place. Mr. Lindblad also had a newly discovered endemic species of moth in the Galapagos Islands, Undulambia lindbladi, named in honor of his conservation work.

CEO Compensation
  • Sven-Olof's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sven-Olof's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Lindblad Expeditions Holdings management team in years:

4.3
Average Tenure
50
Average Age
  • The tenure for the Lindblad Expeditions Holdings management team is about average.
Management Team

Sven-Olof Lindblad

TITLE
Founder
COMPENSATION
$2M
AGE
68
TENURE
4.8 yrs

Craig Felenstein

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
46
TENURE
3.6 yrs

Trey Byus

TITLE
Chief Expedition Officer
COMPENSATION
$788K
AGE
50
TENURE
11.3 yrs

Phil Auerbach

TITLE
Chief Commercial Officer
COMPENSATION
$1M
AGE
39
TENURE
3.9 yrs

Jacinta McEvoy

TITLE
Vice President of Global Sales

Pamela Fingleton

TITLE
Senior VP & Assistant to CEO
AGE
78
Board of Directors Tenure

Average tenure and age of the Lindblad Expeditions Holdings board of directors in years:

4.3
Average Tenure
61
Average Age
  • The tenure for the Lindblad Expeditions Holdings board of directors is about average.
Board of Directors

Mark Ein

TITLE
Independent Chairman of the Board
COMPENSATION
$125K
AGE
54
TENURE
4.8 yrs

Sven-Olof Lindblad

TITLE
Founder
COMPENSATION
$2M
AGE
68
TENURE
4.8 yrs

John Fahey

TITLE
Independent Director
COMPENSATION
$125K
AGE
67
TENURE
4.8 yrs

L. Dryden

TITLE
Independent Director
COMPENSATION
$125K
AGE
43
TENURE
7.1 yrs

Bernard Aronson

TITLE
Independent Director
COMPENSATION
$125K
AGE
72
TENURE
4.8 yrs

Catherine Reynolds

TITLE
Independent Director
COMPENSATION
$125K
AGE
61
TENURE
3.9 yrs

Dan Hanrahan

TITLE
Independent Director
COMPENSATION
$125K
AGE
62
TENURE
2.9 yrs

Michael Bisnow

TITLE
Independent Director
COMPENSATION
$175K
AGE
33
TENURE
2.3 yrs

Tad Smith

TITLE
Independent Director
AGE
54
TENURE
0.1 yrs

Sarah Farrell

TITLE
Independent Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Lindblad Expeditions Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Mar 20 Buy ValueAct Capital Management L.P. Company 17. Mar 20 17. Mar 20 50,000 $4.05 $202,500
19. Mar 20 Buy Benjamin Bressler Individual 17. Mar 20 17. Mar 20 20,500 $4.41 $90,405
18. Mar 20 Buy John Fahey Individual 16. Mar 20 17. Mar 20 8,000 $4.92 $36,151
17. Mar 20 Buy Mark Ein Individual 16. Mar 20 16. Mar 20 50,000 $4.47 $223,500
16. Mar 20 Buy John Fahey Individual 13. Mar 20 13. Mar 20 10,000 $7.02 $70,181
16. Mar 20 Buy ValueAct Capital Management L.P. Company 09. Mar 20 16. Mar 20 1,200,000 $9.56 $7,171,120
12. Mar 20 Buy Michael Bisnow Individual 10. Mar 20 10. Mar 20 9,784 $10.03 $98,134
12. Mar 20 Buy Peak Street Management LLC Company 10. Mar 20 10. Mar 20 2,446 $10.04 $24,558
21. Jan 20 Buy ValueAct Capital Management L.P. Company 22. Nov 19 17. Jan 20 693,059 $17.72 $10,679,284
23. May 19 Sell Dean Byus Individual 21. May 19 21. May 19 -15,000 $16.29 $-244,403
07. May 19 Sell Dean Byus Individual 03. May 19 07. May 19 -6,933 $16.26 $-112,738
03. May 19 Sell Dean Byus Individual 01. May 19 02. May 19 -2,367 $16.30 $-38,570
30. Apr 19 Sell Dean Byus Individual 29. Apr 19 29. Apr 19 -100 $16.25 $-1,625
30. Apr 19 Sell Dean Byus Individual 25. Apr 19 26. Apr 19 -23,200 $16.12 $-373,500
24. Apr 19 Sell Dean Byus Individual 22. Apr 19 24. Apr 19 -52,400 $16.00 $-825,605
X
Management checks
We assess Lindblad Expeditions Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lindblad Expeditions Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LIND News

Simply Wall St News

Despite Its High P/E Ratio, Is Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Still Undervalued?

We'll show how you can use Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) P/E ratio to inform your assessment of the investment opportunity. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Lindblad Expeditions Holdings: P/E of 53.5 = $18.9 ÷ $0.35 (Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? … The Bottom Line On Lindblad Expeditions Holdings's P/E Ratio Lindblad Expeditions Holdings's P/E is 53.5 which suggests the market is more focussed on the future opportunity rather than the current level of earnings.

Simply Wall St -

Are Insiders Selling Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Lindblad Expeditions Holdings, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Lindblad Expeditions Holdings Lindblad Expeditions Holdings Insider Transactions Over The Last Year The Chief Expedition Officer, Dean Byus, made the biggest insider sale in the last 12 months. … What Might The Insider Transactions At Lindblad Expeditions Holdings Tell Us?

Simply Wall St -

Are Lindblad Expeditions Holdings, Inc.’s (NASDAQ:LIND) Returns On Investment Worth Your While?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Lindblad Expeditions Holdings: 0.077 = US$25m ÷ (US$494m - US$164m) (Based on the trailing twelve months to March 2019.) So, Lindblad Expeditions Holdings has an ROCE of 7.7%. … What Are Current Liabilities, And How Do They Affect Lindblad Expeditions Holdings's ROCE? … Lindblad Expeditions Holdings has a medium level of current liabilities, which would boost its ROCE somewhat.

Simply Wall St -

Update: Lindblad Expeditions Holdings (NASDAQ:LIND) Stock Gained 99% In The Last Three Years

(NASDAQ:LIND) shareholders have seen the share price rise 99% over three years, well in excess of the market return (44%, not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the three years of share price growth, Lindblad Expeditions Holdings actually saw its earnings per share (EPS) drop 13% per year.

Simply Wall St -

Our Take On Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) CEO Salary

View our latest analysis for Lindblad Expeditions Holdings How Does Sven-Olof Lindblad's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Sven-Olof Lindblad takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders. … Boasting a total shareholder return of 70% over three years, Lindblad Expeditions Holdings, Inc.

Simply Wall St -

Does The Hype Around Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) Growth Justify Its May Share Price?

This tells us that Lindblad Expeditions Holdings is overvalued compared to the US market average ratio of 17.74x , and overvalued based on current earnings compared to the Hospitality industry average of 23.14x. … But, seeing as Lindblad Expeditions Holdings is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … This means that, when we account for Lindblad Expeditions Holdings's growth, the stock can be viewed as overvalued , based on fundamental analysis.

Simply Wall St -

Need To Know: Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Insiders Have Been Selling Shares

So we'll take a look at whether insiders have been buying or selling shares in Lindblad Expeditions Holdings, Inc. … Lindblad Expeditions Holdings Insider Transactions Over The Last Year. … In the last twelve months, the biggest single sale by an insider was when the Chief Expedition Officer, Dean Byus, sold US$937k worth of shares at a price of US$15.91 per share.

Simply Wall St -

Should You Be Concerned About Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) ROE?

To keep the lesson grounded in practicality, we'll use ROE to better understand Lindblad Expeditions Holdings, Inc. … Our data shows Lindblad Expeditions Holdings has a return on equity of 9.4% for the last year. … See our latest analysis for Lindblad Expeditions Holdings?

Simply Wall St -

Should Lindblad Expeditions Holdings (NASDAQ:LIND) Be Disappointed With Their 62% Profit?

For example, the Lindblad Expeditions Holdings, Inc. … (NASDAQ:LIND) share price is up 62% in the last three years, clearly besting than the market return of around 39% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Should You Worry About Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) CEO Pay?

Sven-Olof Lindblad has been the CEO of Lindblad Expeditions Holdings, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Sven-Olof Lindblad's Compensation Compare With Similar Sized Companies?

Simply Wall St -

LIND Company Info

Description

Lindblad Expeditions Holdings, Inc. provides expedition cruising and adventure travel experiences. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand. The company has a strategic alliance with the National Geographic Society. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.

Details
Name: Lindblad Expeditions Holdings, Inc.
LIND
Exchange: NasdaqCM
Founded: 1979
$177,166,597
49,626,498
Website: http://www.expeditions.com
Address: Lindblad Expeditions Holdings, Inc.
96 Morton Street,
9th Floor,
New York,
New York, 10014,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM LIND Common Stock Nasdaq Capital Market US USD 10. Jul 2015
DB LI4 Common Stock Deutsche Boerse AG DE EUR 10. Jul 2015
Number of employees
Current staff
Staff numbers
645
Lindblad Expeditions Holdings employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 02:30
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.