CARNIVAL CORP (CCL) Fundamental Analysis & Valuation

NYSE:CCL • PA1436583006

Current stock price

28.69 USD
+0.94 (+3.39%)
At close:
28.6952 USD
+0.01 (+0.02%)
After Hours:

This CCL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. CCL Profitability Analysis

1.1 Basic Checks

  • CCL had positive earnings in the past year.
  • CCL had a positive operating cash flow in the past year.
  • In multiple years CCL reported negative net income over the last 5 years.
  • In multiple years CCL reported negative operating cash flow during the last 5 years.
CCL Yearly Net Income VS EBIT VS OCF VS FCFCCL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B -10B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 6.01%, CCL is in the better half of the industry, outperforming 73.81% of the companies in the same industry.
  • CCL has a better Return On Equity (23.77%) than 83.33% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 9.18%, CCL is in the better half of the industry, outperforming 67.46% of the companies in the same industry.
  • CCL had an Average Return On Invested Capital over the past 3 years of 6.94%. This is below the industry average of 10.55%.
  • The 3 year average ROIC (6.94%) for CCL is below the current ROIC(9.18%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.01%
ROE 23.77%
ROIC 9.18%
ROA(3y)3.03%
ROA(5y)-4.1%
ROE(3y)14.03%
ROE(5y)-24.47%
ROIC(3y)6.94%
ROIC(5y)N/A
CCL Yearly ROA, ROE, ROICCCL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60 -80

1.3 Margins

  • CCL has a better Profit Margin (11.48%) than 79.37% of its industry peers.
  • The Operating Margin of CCL (16.86%) is better than 76.98% of its industry peers.
  • With a decent Gross Margin value of 55.19%, CCL is doing good in the industry, outperforming 67.46% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CCL has grown nicely.
Industry RankSector Rank
OM 16.86%
PM (TTM) 11.48%
GM 55.19%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.49%
GM growth 5Y29.69%
CCL Yearly Profit, Operating, Gross MarginsCCL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300 -400

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2

2. CCL Health Analysis

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 more shares outstanding than it did 1 year ago.
  • CCL has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for CCL has been reduced compared to a year ago.
CCL Yearly Shares OutstandingCCL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
CCL Yearly Total Debt VS Total AssetsCCL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • CCL has an Altman-Z score of 1.34. This is a bad value and indicates that CCL is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.34, CCL is in line with its industry, outperforming 40.48% of the companies in the same industry.
  • CCL has a debt to FCF ratio of 8.47. This is a slightly negative value and a sign of low solvency as CCL would need 8.47 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.47, CCL is in the better half of the industry, outperforming 62.70% of the companies in the same industry.
  • A Debt/Equity ratio of 1.83 is on the high side and indicates that CCL has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.83, CCL perfoms like the industry average, outperforming 48.41% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.83
Debt/FCF 8.47
Altman-Z 1.34
ROIC/WACC1.32
WACC6.97%
CCL Yearly LT Debt VS Equity VS FCFCCL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.30 indicates that CCL may have some problems paying its short term obligations.
  • CCL has a Current ratio of 0.30. This is amonst the worse of the industry: CCL underperforms 92.86% of its industry peers.
  • A Quick Ratio of 0.26 indicates that CCL may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.26, CCL is doing worse than 89.68% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.3
Quick Ratio 0.26
CCL Yearly Current Assets VS Current LiabilitesCCL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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5

3. CCL Growth Analysis

3.1 Past

  • CCL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.61%, which is quite impressive.
  • Looking at the last year, CCL shows a small growth in Revenue. The Revenue has grown by 6.10% in the last year.
  • The Revenue has been growing by 36.61% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)40.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%53.85%
Revenue 1Y (TTM)6.1%
Revenue growth 3Y29.82%
Revenue growth 5Y36.61%
Sales Q2Q%6.11%

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 12.25% yearly.
  • CCL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.92% yearly.
EPS Next Y-0.93%
EPS Next 2Y7.43%
EPS Next 3Y10.37%
EPS Next 5Y12.25%
Revenue Next Year4.55%
Revenue Next 2Y4.05%
Revenue Next 3Y4.05%
Revenue Next 5Y3.92%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CCL Yearly Revenue VS EstimatesCCL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B
CCL Yearly EPS VS EstimatesCCL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 2 -2 4 -4 -6

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7

4. CCL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.37 indicates a correct valuation of CCL.
  • Compared to the rest of the industry, the Price/Earnings ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 86.51% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.34, CCL is valued rather cheaply.
  • CCL is valuated reasonably with a Price/Forward Earnings ratio of 11.05.
  • Based on the Price/Forward Earnings ratio, CCL is valued cheaply inside the industry as 90.48% of the companies are valued more expensively.
  • CCL is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.18, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.37
Fwd PE 11.05
CCL Price Earnings VS Forward Price EarningsCCL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • CCL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CCL is cheaper than 77.78% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 86.51% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.3
EV/EBITDA 8.44
CCL Per share dataCCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • CCL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.43%
EPS Next 3Y10.37%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. CCL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.15%, CCL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.09, CCL pays a better dividend. On top of this CCL pays more dividend than 81.75% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, CCL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.15%

5.2 History

  • CCL has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
CCL Yearly Dividends per shareCCL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2026 0.5 1 1.5

5.3 Sustainability

DPN/A
EPS Next 2Y7.43%
EPS Next 3Y10.37%
CCL Yearly Income VS Free CF VS DividendCCL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B -6B -8B -10B

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CCL Fundamentals: All Metrics, Ratios and Statistics

CARNIVAL CORP

NYSE:CCL (4/14/2026, 6:30:00 PM)

After market: 28.6952 +0.01 (+0.02%)

28.69

+0.94 (+3.39%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)03-27
Earnings (Next)06-22
Inst Owners70.61%
Inst Owner Change-2.25%
Ins Owners7.83%
Ins Owner Change0.46%
Market Cap39.74B
Revenue(TTM)26.98B
Net Income(TTM)3.10B
Analysts81.88
Price Target35.23 (22.8%)
Short Float %3.78%
Short Ratio1.61
Dividend
Industry RankSector Rank
Dividend Yield 2.15%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.25%
Min EPS beat(2)7.29%
Max EPS beat(2)37.21%
EPS beat(4)4
Avg EPS beat(4)23.55%
Min EPS beat(4)6.99%
Max EPS beat(4)42.71%
EPS beat(8)8
Avg EPS beat(8)184.53%
EPS beat(12)12
Avg EPS beat(12)130.63%
EPS beat(16)14
Avg EPS beat(16)78.15%
Revenue beat(2)0
Avg Revenue beat(2)-1.06%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)-0.5%
Revenue beat(4)1
Avg Revenue beat(4)-0.4%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)0.93%
Revenue beat(8)3
Avg Revenue beat(8)-0.23%
Revenue beat(12)6
Avg Revenue beat(12)0.08%
Revenue beat(16)7
Avg Revenue beat(16)-1.73%
PT rev (1m)-7.89%
PT rev (3m)-1.47%
EPS NQ rev (1m)-30.7%
EPS NQ rev (3m)-30.56%
EPS NY rev (1m)-13.5%
EPS NY rev (3m)-9.82%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)0.15%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.41%
Valuation
Industry RankSector Rank
PE 12.37
Fwd PE 11.05
P/S 1.47
P/FCF 13.3
P/OCF 6.06
P/B 3.05
P/tB 3.53
EV/EBITDA 8.44
EPS(TTM)2.32
EY8.09%
EPS(NY)2.6
Fwd EY9.05%
FCF(TTM)2.16
FCFY7.52%
OCF(TTM)4.73
OCFY16.5%
SpS19.48
BVpS9.41
TBVpS8.14
PEG (NY)N/A
PEG (5Y)N/A
Graham Number22.16
Profitability
Industry RankSector Rank
ROA 6.01%
ROE 23.77%
ROCE 11.62%
ROIC 9.18%
ROICexc 9.52%
ROICexgc 9.99%
OM 16.86%
PM (TTM) 11.48%
GM 55.19%
FCFM 11.07%
ROA(3y)3.03%
ROA(5y)-4.1%
ROE(3y)14.03%
ROE(5y)-24.47%
ROIC(3y)6.94%
ROIC(5y)N/A
ROICexc(3y)7.28%
ROICexc(5y)N/A
ROICexgc(3y)7.65%
ROICexgc(5y)N/A
ROCE(3y)8.79%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.49%
GM growth 5Y29.69%
F-Score7
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 1.83
Debt/FCF 8.47
Debt/EBITDA 3.22
Cap/Depr 126.06%
Cap/Sales 13.23%
Interest Coverage 250
Cash Conversion 88.86%
Profit Quality 96.45%
Current Ratio 0.3
Quick Ratio 0.26
Altman-Z 1.34
F-Score7
WACC6.97%
ROIC/WACC1.32
Cap/Depr(3y)149.64%
Cap/Depr(5y)165.52%
Cap/Sales(3y)15.75%
Cap/Sales(5y)55.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)40.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%53.85%
EPS Next Y-0.93%
EPS Next 2Y7.43%
EPS Next 3Y10.37%
EPS Next 5Y12.25%
Revenue 1Y (TTM)6.1%
Revenue growth 3Y29.82%
Revenue growth 5Y36.61%
Sales Q2Q%6.11%
Revenue Next Year4.55%
Revenue Next 2Y4.05%
Revenue Next 3Y4.05%
Revenue Next 5Y3.92%
EBIT growth 1Y18.35%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year65.37%
EBIT Next 3Y23.68%
EBIT Next 5Y16.77%
FCF growth 1Y127.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.87%
OCF growth 3YN/A
OCF growth 5YN/A

CARNIVAL CORP / CCL Fundamental Analysis FAQ

What is the ChartMill fundamental rating of CARNIVAL CORP (CCL) stock?

ChartMill assigns a fundamental rating of 5 / 10 to CCL.


What is the valuation status of CARNIVAL CORP (CCL) stock?

ChartMill assigns a valuation rating of 7 / 10 to CARNIVAL CORP (CCL). This can be considered as Undervalued.


Can you provide the profitability details for CARNIVAL CORP?

CARNIVAL CORP (CCL) has a profitability rating of 6 / 10.


Can you provide the financial health for CCL stock?

The financial health rating of CARNIVAL CORP (CCL) is 2 / 10.