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Upturn AI Summary - About
Lindblad Expeditions Holdings Inc(LIND)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for LIND
11/06/2026: LIND (4-star) is a WEAK-BUY. BUY for 24 days. Simulated Profits (-5.82%). Updated daily EoD!
Lindblad Expeditions Holdings Inc is a niche operator specializing in premium, nature-focused expedition cruises and curated land-based adventure tours. The company has a leading position in the expedition travel category, bolstered by its long-term alliance with National Geographic, which supports strong pricing power. Its growth strategy involves diversifying its portfolio through selective acquisitions, such as the recent expansion into luxury Antarctic interior tourism with White Desert. Investors must consider risks related to its significant debt leverage, exposure to discretionary spending volatility, and the execution risk of integrating new assets. The stock may best suit growth-oriented investors looking for exposure to the experiential travel trend.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company demonstrates strong revenue growth and is aggressively expanding its brand portfolio in a high-demand niche. |
| Momentum investor | Strong fit while signal remains positive | The stock has shown significant price appreciation and remains a focal point for institutional interest during travel cycle upturns. |
| Value investor | Mixed fit | High debt levels and negative earnings per share currently make it a challenging fit for traditional value-oriented valuation metrics. |
| Dividend investor | Weak fit | The company does not pay a dividend and reallocates all capital toward expansion and debt management. |
| Low-risk investor | Weak fit | High beta, industry-specific risks, and significant debt load create high price and operational volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is highly sensitive to macroeconomic shifts in the travel industry and sentiment changes. |
| Valuation risk | Medium / high | High volatility in earnings and reliance on growth narrative can lead to significant swings in market valuation. |
| Competition risk (Expedition cruising) | Medium | Mass-market cruise lines are increasingly offering expedition-style itineraries, challenging Lindblad's niche. |
| Business quality | Strong | The company possesses a highly differentiated brand and unique guest experience that is difficult to replicate. |
| Dividend income | Low / none | The company's strategy is focused on growth and reinvestment, not income distribution. |
| Execution risk | Medium | Scaling new acquisitions like White Desert successfully while managing a heavy debt load requires precise management. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 51.43% | Avg. Invested days 42 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.23B USD | Price to earnings Ratio - | 1Y Target Price 36 |
Price to earnings Ratio - | 1Y Target Price 36 | ||
Volume (30-day avg) 960.6K shares | Beta 2.27 | 52 Weeks Range 11.37 - 38.85 | Updated Date 11/08/2026 |
52 Weeks Range 11.37 - 38.85 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.01 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Lindblad Segment | Ship-based expedition cruises to remote global destinations, supplemented by National Geographic branding. | The primary core of the business that generates revenue from premium-priced cruise expeditions. |
| Land Experiences | Nature-focused, small-group walking tours, safaris, and luxury adventure trips (e.g., Natural Habitat, DuVine). | A growing, less capital-intensive segment that diversifies revenue beyond marine expeditions. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-11-03 | When Before Market | Estimate 0.41 | Actual 0.36 |
Profitability
Profit Margin 0.67% | Operating Margin (TTM) 16.63% |
Management Effectiveness
Return on Assets (TTM) 4.37% | Return on Equity (TTM) -1946.89% |
Valuation
Trailing PE - | Forward PE 55.56 | Enterprise Value 2.62B | Price to Sales(TTM) 2.59 |
Enterprise Value 2.62B | Price to Sales(TTM) 2.59 | ||
Enterprise Value to Revenue 3.05 | Enterprise Value to EBITDA 19.26 | Shares Outstanding 65.62M | Shares Floating 50.18M |
Shares Outstanding 65.62M | Shares Floating 50.18M | ||
Percent Insiders 24.28 | Percent Institutions 84.3 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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