CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA - NYSE:CCL - PA1436583006 - Common Stock
30.62 USD
+0.14 (+0.46%)
30.65 USD
+0.03 (+0.1%)
We assign a fundamental rating of 4 out of 10 to CCL. CCL was compared to 134 industry peers in the Hotels, Restaurants & Leisure industry. CCL has a medium profitability rating, but doesn't score so well on its financial health evaluation. CCL has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CCL was profitable.
In the past year CCL had a positive cash flow from operations.
CCL had negative earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: CCL reported negative operating cash flow in multiple years.
1.2 Ratios
CCL has a Return On Assets of 4.94%. This is in the better half of the industry: CCL outperforms 67.16% of its industry peers.
The Return On Equity of CCL (25.23%) is better than 82.84% of its industry peers.
CCL has a Return On Invested Capital of 8.71%. This is in the better half of the industry: CCL outperforms 69.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 25.23% | ||
| ROIC | 8.71% |
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's Profit Margin of 9.72% is fine compared to the rest of the industry. CCL outperforms 74.63% of its industry peers.
In the last couple of years the Profit Margin of CCL has declined.
The Operating Margin of CCL (16.23%) is better than 70.90% of its industry peers.
In the last couple of years the Operating Margin of CCL has declined.
CCL's Gross Margin of 53.90% is fine compared to the rest of the industry. CCL outperforms 62.69% of its industry peers.
In the last couple of years the Gross Margin of CCL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.23% | ||
| PM (TTM) | 9.72% | ||
| GM | 53.9% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CCL is creating some value.
Compared to 1 year ago, CCL has more shares outstanding
The number of shares outstanding for CCL has been increased compared to 5 years ago.
CCL has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.23, we must say that CCL is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.23, CCL is doing worse than 61.19% of the companies in the same industry.
The Debt to FCF ratio of CCL is 9.71, which is on the high side as it means it would take CCL, 9.71 years of fcf income to pay off all of its debts.
CCL's Debt to FCF ratio of 9.71 is in line compared to the rest of the industry. CCL outperforms 59.70% of its industry peers.
A Debt/Equity ratio of 2.58 is on the high side and indicates that CCL has dependencies on debt financing.
CCL has a Debt to Equity ratio (2.58) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.58 | ||
| Debt/FCF | 9.71 | ||
| Altman-Z | 1.23 |
ROIC/WACC1.02
WACC8.53%
2.3 Liquidity
A Current Ratio of 0.34 indicates that CCL may have some problems paying its short term obligations.
With a Current ratio value of 0.34, CCL is not doing good in the industry: 87.31% 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.
CCL has a Quick ratio of 0.30. This is amonst the worse of the industry: CCL underperforms 84.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 148.68% over the past year.
Measured over the past years, CCL shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -20.70% on average per year.
Looking at the last year, CCL shows a quite strong growth in Revenue. The Revenue has grown by 10.82% in the last year.
Measured over the past years, CCL shows a small growth in Revenue. The Revenue has been growing by 3.74% on average per year.
EPS 1Y (TTM)148.68%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%218.18%
Revenue 1Y (TTM)10.82%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%9.46%
3.2 Future
The Earnings Per Share is expected to grow by 19.17% on average over the next years. This is quite good.
Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 4.39% on average per year.
EPS Next Y45.82%
EPS Next 2Y29.97%
EPS Next 3Y24.66%
EPS Next 5Y19.17%
Revenue Next Year6.12%
Revenue Next 2Y4.96%
Revenue Next 3Y4.52%
Revenue Next 5Y4.39%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.20, the valuation of CCL can be described as correct.
Based on the Price/Earnings ratio, CCL is valued a bit cheaper than the industry average as 76.87% 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 27.32.
A Price/Forward Earnings ratio of 13.13 indicates a correct valuation of CCL.
78.36% 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 22.89, CCL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.2 | ||
| Fwd PE | 13.13 |
4.2 Price Multiples
70.15% of the companies in the same industry are more expensive than CCL, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CCL is valued cheaply inside the industry as 83.58% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.32 | ||
| EV/EBITDA | 9.48 |
4.3 Compensation for Growth
CCL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CCL's earnings are expected to grow with 24.66% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.35
PEG (5Y)N/A
EPS Next 2Y29.97%
EPS Next 3Y24.66%
5. Dividend
5.1 Amount
No dividends for CCL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
30.62
+0.14 (+0.46%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners65.53%
Inst Owner Change5.83%
Ins Owners7.58%
Ins Owner Change0.42%
Market Cap40.20B
Analysts81.88
Price Target33.49 (9.37%)
Short Float %4.92%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)287.29%
Min EPS beat(2)42.71%
Max EPS beat(2)531.88%
EPS beat(4)4
Avg EPS beat(4)166.46%
Min EPS beat(4)8.2%
Max EPS beat(4)531.88%
EPS beat(8)8
Avg EPS beat(8)188.29%
EPS beat(12)11
Avg EPS beat(12)103.13%
EPS beat(16)11
Avg EPS beat(16)70.73%
Revenue beat(2)2
Avg Revenue beat(2)0.49%
Min Revenue beat(2)0.05%
Max Revenue beat(2)0.93%
Revenue beat(4)2
Avg Revenue beat(4)0%
Min Revenue beat(4)-0.88%
Max Revenue beat(4)0.93%
Revenue beat(8)5
Avg Revenue beat(8)0.18%
Revenue beat(12)7
Avg Revenue beat(12)-0.92%
Revenue beat(16)7
Avg Revenue beat(16)-5.53%
PT rev (1m)2.07%
PT rev (3m)15.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.23%
EPS NY rev (1m)0%
EPS NY rev (3m)5.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.87%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)1.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.2 | ||
| Fwd PE | 13.13 | ||
| P/S | 1.55 | ||
| P/FCF | 14.32 | ||
| P/OCF | 7.4 | ||
| P/B | 4.02 | ||
| P/tB | 4.87 | ||
| EV/EBITDA | 9.48 |
EPS(TTM)1.89
EY6.17%
EPS(NY)2.33
Fwd EY7.61%
FCF(TTM)2.14
FCFY6.98%
OCF(TTM)4.14
OCFY13.52%
SpS19.78
BVpS7.62
TBVpS6.28
PEG (NY)0.35
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 25.23% | ||
| ROCE | 11.02% | ||
| ROIC | 8.71% | ||
| ROICexc | 9.23% | ||
| ROICexgc | 9.7% | ||
| OM | 16.23% | ||
| PM (TTM) | 9.72% | ||
| GM | 53.9% | ||
| FCFM | 10.81% |
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
ROICexcg growth 3YN/A
ROICexcg 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 Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.58 | ||
| Debt/FCF | 9.71 | ||
| Debt/EBITDA | 3.76 | ||
| Cap/Depr | 98.91% | ||
| Cap/Sales | 10.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.09% | ||
| Profit Quality | 111.21% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | 1.23 |
F-Score8
WACC8.53%
ROIC/WACC1.02
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)148.68%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%218.18%
EPS Next Y45.82%
EPS Next 2Y29.97%
EPS Next 3Y24.66%
EPS Next 5Y19.17%
Revenue 1Y (TTM)10.82%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%9.46%
Revenue Next Year6.12%
Revenue Next 2Y4.96%
Revenue Next 3Y4.52%
Revenue Next 5Y4.39%
EBIT growth 1Y48.24%
EBIT growth 3YN/A
EBIT growth 5Y1.76%
EBIT Next Year96.77%
EBIT Next 3Y29.84%
EBIT Next 5Y19.31%
FCF growth 1Y215.65%
FCF growth 3YN/A
FCF growth 5Y94.16%
OCF growth 1Y411.29%
OCF growth 3YN/A
OCF growth 5Y1.58%