CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA - NYSE:CCL - PA1436583006 - Common Stock
29.4 USD
-0.04 (-0.14%)
29.3725 USD
-0.03 (-0.09%)
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. While CCL is still in line with the averages on profitability rating, there are concerns on its financial health. CCL is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CCL had positive earnings in the past year.
CCL had a positive operating cash flow in the past year.
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 better Return On Assets (5.20%) than 68.66% of its industry peers.
The Return On Equity of CCL (22.15%) is better than 81.34% of its industry peers.
CCL has a Return On Invested Capital of 8.64%. This is in the better half of the industry: CCL outperforms 67.91% 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
Looking at the Profit Margin, with a value of 10.07%, CCL is in the better half of the industry, outperforming 75.37% of the companies in the same industry.
In the last couple of years the Profit Margin of CCL has declined.
CCL has a Operating Margin of 16.43%. This is in the better half of the industry: CCL outperforms 70.90% of its industry peers.
CCL's Operating Margin has declined in the last couple of years.
CCL has a better Gross Margin (54.22%) than 64.18% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CCL is still creating some value.
CCL has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CCL has been increased compared to 5 years ago.
Compared to 1 year ago, CCL has an improved debt to assets ratio.
2.2 Solvency
CCL has an Altman-Z score of 1.33. This is a bad value and indicates that CCL is not financially healthy and even has some risk of bankruptcy.
CCL has a Altman-Z score of 1.33. This is comparable to the rest of the industry: CCL outperforms 41.04% of its industry peers.
The Debt to FCF ratio of CCL is 9.08, which is on the high side as it means it would take CCL, 9.08 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CCL (9.08) is better than 61.19% 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.
CCL has a Debt to Equity ratio of 2.10. This is comparable to the rest of the industry: CCL outperforms 50.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Altman-Z | 1.33 |
ROIC/WACC1.12
WACC7.73%
2.3 Liquidity
A Current Ratio of 0.34 indicates that CCL may have some problems paying its short term obligations.
The Current ratio of CCL (0.34) is worse than 85.82% of its industry peers.
A Quick Ratio of 0.30 indicates that CCL may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.30, CCL is doing worse than 83.58% of the companies in the same industry.
| 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 75.21% over the past year.
The earnings per share for CCL have been decreasing by -20.70% on average. This is quite bad
The Revenue has been growing slightly by 7.15% in the past 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)75.21%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%12.6%
Revenue 1Y (TTM)7.15%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%3.25%
3.2 Future
The Earnings Per Share is expected to grow by 19.84% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.35% on average over the next years.
EPS Next Y46.21%
EPS Next 2Y30.48%
EPS Next 3Y24.8%
EPS Next 5Y19.84%
Revenue Next Year6.36%
Revenue Next 2Y5.32%
Revenue Next 3Y4.74%
Revenue Next 5Y4.35%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 14.34, the valuation of CCL can be described as correct.
78.36% of the companies in the same industry are more expensive than CCL, based on the Price/Earnings ratio.
CCL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.91.
With a Price/Forward Earnings ratio of 12.51, CCL is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CCL indicates a somewhat cheap valuation: CCL is cheaper than 79.85% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.92. CCL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.34 | ||
| Fwd PE | 12.51 |
4.2 Price Multiples
CCL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CCL is cheaper than 70.15% of the companies in the same industry.
CCL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CCL is cheaper than 87.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.24 | ||
| EV/EBITDA | 9.01 |
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 24.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y30.48%
EPS Next 3Y24.8%
5. Dividend
5.1 Amount
CCL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
29.4
-0.04 (-0.14%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners69.9%
Inst Owner Change0.27%
Ins Owners7.58%
Ins Owner Change-0.18%
Market Cap38.61B
Revenue(TTM)26.23B
Net Income(TTM)2.64B
Analysts81.88
Price Target34.17 (16.22%)
Short Float %4.79%
Short Ratio2.68
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)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)2.03%
PT rev (3m)11.2%
EPS NQ rev (1m)22.01%
EPS NQ rev (3m)25.16%
EPS NY rev (1m)0.27%
EPS NY rev (3m)0.44%
Revenue NQ rev (1m)1.37%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.34 | ||
| Fwd PE | 12.51 | ||
| P/S | 1.47 | ||
| P/FCF | 13.24 | ||
| P/OCF | 6.88 | ||
| P/B | 3.24 | ||
| P/tB | 3.8 | ||
| EV/EBITDA | 9.01 |
EPS(TTM)2.05
EY6.97%
EPS(NY)2.35
Fwd EY7.99%
FCF(TTM)2.22
FCFY7.55%
OCF(TTM)4.27
OCFY14.54%
SpS19.97
BVpS9.08
TBVpS7.74
PEG (NY)0.31
PEG (5Y)N/A
Graham Number20.47
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 | 1.33 |
F-Score8
WACC7.73%
ROIC/WACC1.12
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)75.21%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%12.6%
EPS Next Y46.21%
EPS Next 2Y30.48%
EPS Next 3Y24.8%
EPS Next 5Y19.84%
Revenue 1Y (TTM)7.15%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%3.25%
Revenue Next Year6.36%
Revenue Next 2Y5.32%
Revenue Next 3Y4.74%
Revenue Next 5Y4.35%
EBIT growth 1Y26.81%
EBIT growth 3YN/A
EBIT growth 5Y1.76%
EBIT Next Year97.16%
EBIT Next 3Y30.06%
EBIT Next 5Y19.39%
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 4 / 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 5 / 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 0 / 10 and the dividend payout ratio is 0%.