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LIND 
Lindblad Expeditions Holdings Inc (LIND)
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Upturn Advisory Summary
01/07/2026: LIND (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $16.75
1 Year Target Price $16.75
| 2 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -34.26% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/07/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 801.09M USD | Price to earnings Ratio - | 1Y Target Price 16.75 |
Price to earnings Ratio - | 1Y Target Price 16.75 | ||
Volume (30-day avg) 3 | Beta 2.29 | 52 Weeks Range 7.45 - 15.12 | Updated Date 01/7/2026 |
52 Weeks Range 7.45 - 15.12 | Updated Date 01/7/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.67 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -4.24% | Operating Margin (TTM) 15.32% |
Management Effectiveness
Return on Assets (TTM) 3.33% | Return on Equity (TTM) -1946.89% |
Valuation
Trailing PE - | Forward PE 19.23 | Enterprise Value 1208573810 | Price to Sales(TTM) 1.09 |
Enterprise Value 1208573810 | Price to Sales(TTM) 1.09 | ||
Enterprise Value to Revenue 1.64 | Enterprise Value to EBITDA 14.66 | Shares Outstanding 55400743 | Shares Floating 38260910 |
Shares Outstanding 55400743 | Shares Floating 38260910 | ||
Percent Insiders 31.59 | Percent Institutions 73.88 |
Upturn AI SWOT
Lindblad Expeditions Holdings Inc
Company Overview
History and Background
Lindblad Expeditions Holdings Inc. was founded in 1979 by Lars-Eric Lindblad. It is a pioneer in expedition travel, focusing on immersive experiences in natural and cultural destinations. Significant milestones include expanding its fleet with state-of-the-art expedition ships and its merger with National Geographic Expeditions in 2015, which significantly broadened its reach and brand recognition. The company has evolved from a niche operator to a leading global provider of expedition travel.
Core Business Areas
- Lindblad Expeditions: Operates a fleet of small, purpose-built expedition ships offering journeys to remote and unique destinations such as the Arctic, Antarctic, Galapagos, and various parts of the Americas. Focuses on educational and adventure travel with expert naturalists, scientists, and photographers onboard.
- Off the Beaten Path (OBTP) / Road Scholar Partnership: Lindblad Expeditions also manages a portion of Road Scholar's (formerly Elderhostel) travel programs, particularly those focused on nature and adventure. This partnership leverages Lindblad's expertise in expedition travel for a broader demographic.
Leadership and Structure
Lindblad Expeditions Holdings Inc. is led by a management team with extensive experience in the travel and hospitality industry. The organizational structure is geared towards managing its fleet, expedition operations, marketing, sales, and customer service.
Top Products and Market Share
Key Offerings
- Galapagos Expeditions: Offers expeditions to the Galapagos Islands, a UNESCO World Heritage site renowned for its unique wildlife. Lindblad is a dominant player in this specific market due to its long history and exclusive partnerships. Competitors include other expedition cruise lines and local tour operators.
- Polar Expeditions (Arctic & Antarctic): Provides expeditions to the Arctic and Antarctic regions, offering opportunities to see ice formations, polar wildlife, and experience remote polar landscapes. This is a highly specialized niche with significant competition from other expedition cruise operators. Market share is difficult to pinpoint precisely for such a niche, but Lindblad is a recognized leader.
- National Geographic Inspired Expeditions: Leverages the National Geographic brand to offer a wide range of expeditions globally, often with a focus on photography and storytelling. These expeditions span various continents and themes, from wildlife encounters to cultural explorations. Competitors include other adventure travel companies and luxury cruise lines that offer themed expeditions.
Market Dynamics
Industry Overview
The expedition cruise and adventure travel industry is a growing segment of the broader tourism market. It is characterized by a focus on unique, destination-immersive experiences, often in ecologically sensitive areas. Key trends include increasing demand for sustainable tourism, personalized itineraries, and the growth of ultra-luxury expedition offerings.
Positioning
Lindblad Expeditions Holdings Inc. is positioned as a premium provider of expedition travel. Its competitive advantages include its long-standing reputation, strong brand partnerships (especially with National Geographic), experienced expedition teams, and a fleet of purpose-built, smaller vessels that allow access to more remote locations. Their focus on education and conservation differentiates them from larger cruise lines.
Total Addressable Market (TAM)
The global adventure tourism market is substantial and growing, with estimates in the hundreds of billions of dollars. The expedition cruise segment is a significant part of this. Lindblad Expeditions, while a leader in its niche, represents a portion of this TAM. The company's strategy is to capture a significant share of the premium and ultra-premium expedition travel segment.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and partnership with National Geographic.
- Extensive experience and reputation in expedition travel.
- Fleet of smaller, purpose-built expedition vessels allowing access to remote areas.
- Highly qualified and experienced expedition teams (naturalists, scientists, photographers).
- Focus on education and conservation, appealing to a discerning clientele.
Weaknesses
- High operating costs associated with expedition travel.
- Dependence on specific, often remote, destinations that can be sensitive to environmental or geopolitical issues.
- Limited fleet size compared to larger cruise operators.
- Vulnerability to travel disruptions (e.g., pandemics, geopolitical instability).
Opportunities
- Growing demand for experiential and sustainable travel.
- Expansion into new, underserved expedition destinations.
- Leveraging digital platforms for marketing and customer engagement.
- Developing new product offerings, such as private charters or specialized itineraries.
- Capitalizing on the increasing interest in wildlife and nature tourism.
Threats
- Intensifying competition from established and new expedition operators.
- Economic downturns affecting discretionary travel spending.
- Environmental regulations and challenges in operating in protected areas.
- Geopolitical instability and safety concerns in certain destinations.
- Rising fuel costs and operational expenses.
Competitors and Market Share
Key Competitors
- Hurtigruten Expeditions (HURT)
- G Adventures (Private)
- Quark Expeditions (Private)
Competitive Landscape
Lindblad Expeditions' advantages lie in its strong brand equity, particularly through the National Geographic partnership, and its focus on educational and immersive experiences with smaller ships. Disadvantages can include a higher price point compared to some competitors and a smaller fleet capacity. The competitive landscape is characterized by operators offering a range of expedition experiences, from high-luxury to more accessible adventure travel. Differentiation is key, with Lindblad focusing on its unique blend of education, exploration, and conservation.
Growth Trajectory and Initiatives
Historical Growth: Lindblad Expeditions has experienced growth through strategic partnerships, fleet expansion, and the acquisition of new markets. The integration with National Geographic Expeditions was a pivotal growth driver. The company has a history of cultivating a loyal customer base and expanding its geographical reach.
Future Projections: Future growth is projected to be driven by the continued recovery of the travel industry, increasing demand for expedition cruising, and potential expansion into new destinations or product lines. Analyst estimates typically focus on revenue growth and a return to pre-pandemic profitability levels, with an emphasis on booking trends and occupancy rates. Growth may also come from strategic partnerships and optimization of existing routes.
Recent Initiatives: Recent initiatives have focused on enhancing the onboard experience, developing sustainable tourism practices, and adapting to evolving traveler preferences. This includes the introduction of new itineraries, upgrades to existing vessels, and robust marketing campaigns to attract new customers as the travel market rebounds.
Summary
Lindblad Expeditions Holdings Inc. is a well-established leader in the expedition travel market, benefiting from its strong brand and unique operational focus. Its recovery from pandemic-induced challenges is evident, with increasing demand and a solid position in niche segments like the Galapagos and polar regions. However, the company faces high operating costs and intense competition, requiring continued strategic focus on differentiation and customer experience to sustain growth.
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Sources and Disclaimers
Data Sources:
- Company financial reports (SEC filings)
- Industry analysis reports
- Financial news and market data providers
Disclaimers:
This analysis is based on publicly available information and market data. Financial figures and market share estimates are subject to change and may not be entirely precise. This information is for analytical purposes and should not be considered investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Lindblad Expeditions Holdings Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2015-07-09 | Founder & CEO of Natural Habitat, Inc. Mr. Benjamin L. Bressler | ||
Sector Consumer Cyclical | Industry Travel Services | Full time employees 1230 | Website https://www.expeditions.com |
Full time employees 1230 | Website https://www.expeditions.com | ||
Lindblad Expeditions Holdings, Inc. provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segments. The Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities. The Land Experiences segment comprises natural habitats, which provides over 100 different expedition itineraries in more than 45 countries across seven continents, with eco-conscious expeditions and nature-focused, and small-group tours including polar bear tours and bear adventure; and DuVine provides intimate group cycling and adventure tours around the world with local cycling experts as guides in local cultural, cuisine, and accommodations. This segment also offers off the beaten path, including small group travel, led by local, and experienced guides with focus on wildlife, hiking national parks, and culture; and classic journey, a curated active small-group and private custom journeys centered around cinematic walks led by expert local guides over 50 countries across the world. In addition, it has an agreement with National Geographic Partners, LLC, which provides lecturers and National Geographic experts, including photographers, marine biologists, writers, naturalists, field researchers, and film crews; and partnered with World Wildlife Fund to offer conservation travel. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.
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