COMP <GO>
NCLH vs MA // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Norwegian Cruise Line Holdings Ltd. (NYSE) VS. Mastercard Incorporated (NYSE) • 15-METRIC TALLY: NCLH 4
— MA 11
▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: MA
LAST: $17.57 (-3.57%) • MKT CAP: $8.37B
options-implied-move
7.10%
LAST: $638.01 (+0.36%) • MKT CAP: $556.88B
options-implied-move
6.60%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NCLH VS. MA)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NCLH | MA | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | -30.00% | 41.00% | -71.00 | MA | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 11.70% | 33.50% | -21.80 | MA | /roic <GO> |
| EV/EBITDA & P/E Valuation | 3.9x | 29.2x | -25.30 | NCLH | /valuation <GO> |
| Free Cash Flow Yield | -13.98% | 3.08% | -17.06 | MA | /fcf-yield <GO> |
| Operating Margin | 66.60% | 57.60% | +9.00 | NCLH | /operating-margins <GO> |
| Net Profit Margin | 18.10% | 45.60% | -27.50 | MA | /net-margins <GO> |
| Revenue Growth (YoY) | 8.80% | 16.40% | -7.60 | MA | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.49% | -0.49 | MA | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 0.45 | 11.17 | -10.72 | MA | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 8/9 | -4.00 | MA | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | 7.10% | 6.60% | +0.50 | MA | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 66.1 | 70.6 | -4.56 | MA | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.07 | 0.90 | +0.17 | NCLH | /macro-sensitivity <GO> |
| Forward P/E Multiple | 18.4x | 31.2x | -12.80 | NCLH | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $8.37B | $556.88B | -$548.51B | MA | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NCLH REV | MA REV | NCLH GROSS % | MA GROSS % | NCLH FCF | MA FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $0 | $32.79B | — | 44.0% | -$1.17B | $17.16B |
| FY 2024 | $0 | $28.17B | — | 44.0% | $838.9M | $14.31B |
| FY 2023 | $0 | $25.10B | — | 44.0% | $2.01B | $10.85B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NCLH // BETA 1.07
MA // BETA 0.90