--- title: "Is Royal Caribbean Cruises (RCL) Still Undervalued As Its $1.25b Debt Raise Reshapes Views?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296098917.md" description: "Royal Caribbean Cruises raised $1.25 billion via senior unsecured notes due 2034, drawing investor focus to its capital structure. Despite a recent 1.57% daily share price decline, longer-term returns show momentum. Analysts estimate fair value at $336.31, suggesting the stock is undervalued by 9.3%, driven by new ship introductions and expected yield growth. However, risks include potential setbacks in Perfect Day Mexico and booking softness." datetime: "2026-08-17T11:32:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296098917.md) - [en](https://longbridge.com/en/news/296098917.md) - [zh-HK](https://longbridge.com/zh-HK/news/296098917.md) generator: "portal-rs" --- # Is Royal Caribbean Cruises (RCL) Still Undervalued As Its $1.25b Debt Raise Reshapes Views? Royal Caribbean Cruises (RCL) recently raised about US$1.25b through a new fixed income offering of callable, senior unsecured notes due 2034, a move that puts its capital structure in sharper focus for stock investors. See our latest analysis for Royal Caribbean Cruises. The 1-day share price return for Royal Caribbean Cruises declined 1.57%. The 30-day and 90-day share price returns of 6.29% and 23.38% suggest momentum has been building despite a 1-year total shareholder return that is down 5.08%, following very large 3-year and 5-year total shareholder returns. If this fixed income raise has you thinking about where else capital might be moving, it could be a good time to scan for cruise adjacencies in travel, leisure and infrastructure through 21 top founder-led companies The new US$1.25b notes put Royal Caribbean Cruises' balance sheet decisions in the spotlight. Is this mainly a vote of confidence in the business, or a sign that sentiment around the stock is shifting as valuation resets next? ## Most Popular Narrative: 9.3% Undervalued The most followed narrative on Royal Caribbean Cruises pegs fair value at $336.31 against a last close of $305. That gap rests on detailed assumptions about ships, pricing and margins that go well beyond this latest note issuance. > *The introduction of new ships like Star of the Seas and Celebrity Xcel, coupled with existing fleet performance, is expected to drive yield growth between 2.6% and 4.6% in 2025, positively impacting revenue and earnings.* > > *Enhanced guest experiences, investments in private destinations, and new ships are driving higher onboard spending and pre-cruise purchases, which should support revenue growth by increasing per-passenger spend.* Read the complete narrative. Curious what sits behind that fair value gap for Royal Caribbean Cruises? The narrative leans heavily on future revenue mix, margin shape and the earnings multiple the market might be willing to pay next. **Result: Fair Value of $336.31 (UNDERVALUED)** Have a read of the narrative in full and understand what's behind the forecasts. However, that fair value story for Royal Caribbean Cruises could be challenged if Perfect Day Mexico faces further setbacks or if booking softness around health headlines lingers longer than expected. Find out about the key risks to this Royal Caribbean Cruises narrative. ## Next Steps With both optimism and concern in the mix for Royal Caribbean Cruises, this is a good moment to check the underlying data yourself and move quickly. To see how that balance of upside and downside looks in one place, review the 4 key rewards and 3 important warning signs ## Looking for more investment ideas beyond Royal Caribbean Cruises? If you are reassessing your portfolio after this Royal Caribbean Cruises update, do not stop here. Fresh ideas from other corners of the market could matter just as much. - Spot potential value opportunities early and review companies that currently screen as 52 high quality undervalued stocks. - Prioritise resilience and check out stocks that qualify through the 80 resilient stocks with low risk scores. - Hunt for less crowded opportunities by reviewing the screener containing 19 high quality undiscovered gems. *This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.* ### **New:** AI Stock Screener & Alerts Our new AI Stock Screener scans the market every day to uncover opportunities. • Dividend Powerhouses (3%+ Yield) • Undervalued Small Caps with Insider Buying • High growth Tech and AI Companies Or build your own from over 50 metrics. Explore Now for Free ### Related Stocks - [RCL.US](https://longbridge.com/en/quote/RCL.US.md) ## Related News & Research - [Bank of New York Mellon Corp Invests $381.27 Million in Royal Caribbean Cruises Ltd. $RCL](https://longbridge.com/en/news/296675252.md) - [OneDigital Investment Advisors LLC Buys New Shares in Royal Caribbean Cruises Ltd. $RCL](https://longbridge.com/en/news/296092424.md) - [Exchange Traded Concepts LLC Has $7.02 Million Position in Royal Caribbean Cruises Ltd. $RCL](https://longbridge.com/en/news/295901001.md) - [Is it Time to Begin Accumulating Natural Gas?](https://longbridge.com/en/news/295953555.md) - [The Bull Case For Royal Caribbean Cruises (RCL) Could Change Following New 2034 Bond Sale And Profit Upgrade](https://longbridge.com/en/news/295954713.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**