CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CCL - PA1436583006 - Common Stock
30.82 USD
+0.1 (+0.33%)
30.7888 USD
-0.03 (-0.1%)
Overall CCL gets a fundamental rating of 3 out of 10. We evaluated CCL against 133 industry peers in the Hotels, Restaurants & Leisure industry. While CCL is still in line with the averages on profitability rating, there are concerns on its financial health. CCL has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CCL was profitable.
CCL had a positive operating cash flow in the past year.
CCL had negative earnings in 4 of the past 5 years.
In multiple years CCL reported negative operating cash flow during the last 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.20%, CCL is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
Looking at the Return On Equity, with a value of 22.15%, CCL is in the better half of the industry, outperforming 79.70% of the companies in the same industry.
CCL's Return On Invested Capital of 8.64% is fine compared to the rest of the industry. CCL outperforms 68.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 22.15% | ||
| ROIC | 8.64% |
ROA(3y)-2.68%
ROA(5y)-8.99%
ROE(3y)-22.2%
ROE(5y)-38.93%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CCL has a Profit Margin of 10.07%. This is in the better half of the industry: CCL outperforms 75.94% of its industry peers.
In the last couple of years the Profit Margin of CCL has declined.
The Operating Margin of CCL (16.43%) is better than 72.93% of its industry peers.
CCL's Operating Margin has declined in the last couple of years.
CCL's Gross Margin of 54.22% is fine compared to the rest of the industry. CCL outperforms 63.91% of its industry peers.
In the last couple of years the Gross Margin of CCL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.43% | ||
| PM (TTM) | 10.07% | ||
| GM | 54.22% |
OM growth 3YN/A
OM growth 5Y-1.91%
PM growth 3YN/A
PM growth 5Y-11.81%
GM growth 3YN/A
GM growth 5Y6.74%
2. Health
2.1 Basic Checks
CCL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CCL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that CCL is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.36, CCL perfoms like the industry average, outperforming 42.11% of the companies in the same industry.
CCL has a debt to FCF ratio of 9.08. This is a negative value and a sign of low solvency as CCL would need 9.08 years to pay back of all of its debts.
CCL has a Debt to FCF ratio of 9.08. This is in the better half of the industry: CCL outperforms 63.91% of its industry peers.
A Debt/Equity ratio of 2.10 is on the high side and indicates that CCL has dependencies on debt financing.
With a Debt to Equity ratio value of 2.10, CCL perfoms like the industry average, outperforming 51.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Altman-Z | 1.36 |
ROIC/WACC1.05
WACC8.2%
2.3 Liquidity
CCL has a Current Ratio of 0.34. This is a bad value and indicates that CCL is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.34, CCL is not doing good in the industry: 87.22% of the companies in the same industry are doing better.
A Quick Ratio of 0.30 indicates that CCL may have some problems paying its short term obligations.
The Quick ratio of CCL (0.30) is worse than 83.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
CCL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 63.04%, which is quite impressive.
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.6%
3.2 Future
CCL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.68% yearly.
Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 4.35% on average per year.
EPS Next Y9.87%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
EPS Next 5Y10.68%
Revenue Next Year4.13%
Revenue Next 2Y3.86%
Revenue Next 3Y3.89%
Revenue Next 5Y4.35%
3.3 Evolution
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.70, which indicates a correct valuation of CCL.
Based on the Price/Earnings ratio, CCL is valued cheaply inside the industry as 81.20% of the companies are valued more expensively.
CCL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.77.
With a Price/Forward Earnings ratio of 12.47, CCL is valued correctly.
81.95% of the companies in the same industry are more expensive than CCL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.35, CCL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.7 | ||
| Fwd PE | 12.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CCL is valued a bit cheaper than the industry average as 70.68% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 87.22% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.88 | ||
| EV/EBITDA | 9.25 |
4.3 Compensation for Growth
CCL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as CCL's earnings are expected to grow with 12.25% in the coming years.
PEG (NY)1.39
PEG (5Y)N/A
EPS Next 2Y11.68%
EPS Next 3Y12.25%
5. Dividend
5.1 Amount
CCL has a Yearly Dividend Yield of 1.92%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.66, CCL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, CCL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
5.2 History
CCL has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
30.82
+0.1 (+0.33%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners73.59%
Inst Owner Change5.05%
Ins Owners8.3%
Ins Owner Change-0.01%
Market Cap40.47B
Revenue(TTM)N/A
Net Income(TTM)2.64B
Analysts81.25
Price Target35.76 (16.03%)
Short Float %4%
Short Ratio1.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.85%
Min EPS beat(2)6.99%
Max EPS beat(2)42.71%
EPS beat(4)4
Avg EPS beat(4)166.16%
Min EPS beat(4)6.99%
Max EPS beat(4)531.88%
EPS beat(8)8
Avg EPS beat(8)187.48%
EPS beat(12)12
Avg EPS beat(12)127.98%
EPS beat(16)12
Avg EPS beat(16)72.25%
Revenue beat(2)1
Avg Revenue beat(2)0.25%
Min Revenue beat(2)-0.43%
Max Revenue beat(2)0.93%
Revenue beat(4)2
Avg Revenue beat(4)-0.08%
Min Revenue beat(4)-0.88%
Max Revenue beat(4)0.93%
Revenue beat(8)4
Avg Revenue beat(8)-0.04%
Revenue beat(12)7
Avg Revenue beat(12)0.13%
Revenue beat(16)7
Avg Revenue beat(16)-4%
PT rev (1m)1.17%
PT rev (3m)6.77%
EPS NQ rev (1m)-1.21%
EPS NQ rev (3m)25.78%
EPS NY rev (1m)0.44%
EPS NY rev (3m)7.53%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)1.18%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.7 | ||
| Fwd PE | 12.47 | ||
| P/S | 1.54 | ||
| P/FCF | 13.88 | ||
| P/OCF | 7.21 | ||
| P/B | 3.39 | ||
| P/tB | 3.98 | ||
| EV/EBITDA | 9.25 |
EPS(TTM)2.25
EY7.3%
EPS(NY)2.47
Fwd EY8.02%
FCF(TTM)2.22
FCFY7.2%
OCF(TTM)4.27
OCFY13.87%
SpS19.97
BVpS9.08
TBVpS7.74
PEG (NY)1.39
PEG (5Y)N/A
Graham Number21.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 22.15% | ||
| ROCE | 10.94% | ||
| ROIC | 8.64% | ||
| ROICexc | 9.05% | ||
| ROICexgc | 9.49% | ||
| OM | 16.43% | ||
| PM (TTM) | 10.07% | ||
| GM | 54.22% | ||
| FCFM | 11.11% |
ROA(3y)-2.68%
ROA(5y)-8.99%
ROE(3y)-22.2%
ROE(5y)-38.93%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-0.03%
ROICexc growth 3YN/A
ROICexc growth 5Y1.43%
OM growth 3YN/A
OM growth 5Y-1.91%
PM growth 3YN/A
PM growth 5Y-11.81%
GM growth 3YN/A
GM growth 5Y6.74%
F-Score8
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Debt/EBITDA | 3.56 | ||
| Cap/Depr | 99.05% | ||
| Cap/Sales | 10.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.81% | ||
| Profit Quality | 110.33% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | 1.36 |
F-Score8
WACC8.2%
ROIC/WACC1.05
Cap/Depr(3y)178.87%
Cap/Depr(5y)171.94%
Cap/Sales(3y)24.77%
Cap/Sales(5y)65.61%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
EPS Next Y9.87%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
EPS Next 5Y10.68%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.6%
Revenue Next Year4.13%
Revenue Next 2Y3.86%
Revenue Next 3Y3.89%
Revenue Next 5Y4.35%
EBIT growth 1Y26.81%
EBIT growth 3YN/A
EBIT growth 5Y1.76%
EBIT Next Year101.07%
EBIT Next 3Y31.79%
EBIT Next 5Y19.74%
FCF growth 1Y631.93%
FCF growth 3YN/A
FCF growth 5Y94.16%
OCF growth 1Y73.1%
OCF growth 3YN/A
OCF growth 5Y1.58%
CARNIVAL CORP / CCL FAQ
What is the ChartMill fundamental rating of CARNIVAL CORP (CCL) stock?
ChartMill assigns a fundamental rating of 3 / 10 to CCL.
What is the valuation status for CCL stock?
ChartMill assigns a valuation rating of 6 / 10 to CARNIVAL CORP (CCL). This can be considered as Fairly Valued.
How profitable is CARNIVAL CORP (CCL) stock?
CARNIVAL CORP (CCL) has a profitability rating of 4 / 10.
How financially healthy is CARNIVAL CORP?
The financial health rating of CARNIVAL CORP (CCL) is 2 / 10.
How sustainable is the dividend of CARNIVAL CORP (CCL) stock?
The dividend rating of CARNIVAL CORP (CCL) is 3 / 10 and the dividend payout ratio is 0%.