CARNIVAL CORP (CCL) Stock Fundamental Analysis
NYSE:CCL - New York Stock Exchange, Inc. - PA1436583006 - Common Stock - Currency: USD
CCL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 134 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of CCL while its profitability can be described as average. A decent growth rate in combination with a cheap valuation! Better keep an eye on CCL.
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
Looking at the Return On Assets, with a value of 4.23%, CCL is in the better half of the industry, outperforming 65.67% of the companies in the same industry.
With an excellent Return On Equity value of 22.35%, CCL belongs to the best of the industry, outperforming 80.60% of the companies in the same industry.
CCL's Return On Invested Capital of 8.21% is fine compared to the rest of the industry. CCL outperforms 67.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.23% | ||
| ROE | 22.35% | ||
| ROIC | 8.21% |
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
The Profit Margin of CCL (8.07%) is better than 64.93% of its industry peers.
CCL's Profit Margin has declined in the last couple of years.
CCL's Operating Margin of 15.11% is fine compared to the rest of the industry. CCL outperforms 67.16% of its industry peers.
CCL's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 53.19%, CCL is doing good in the industry, outperforming 61.94% of the companies in the same industry.
CCL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.11% | ||
| PM (TTM) | 8.07% | ||
| GM | 53.19% |
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.
The number of shares outstanding for CCL has been increased compared to 1 year ago.
Compared to 5 years ago, CCL has more shares outstanding
The debt/assets ratio for CCL has been reduced compared to a year ago.
2.2 Solvency
CCL has an Altman-Z score of 1.10. 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 1.10, CCL is doing worse than 61.94% of the companies in the same industry.
The Debt to FCF ratio of CCL is 13.60, which is on the high side as it means it would take CCL, 13.60 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 13.60, CCL perfoms like the industry average, outperforming 52.24% of the companies in the same industry.
CCL has a Debt/Equity ratio of 2.78. This is a high value indicating a heavy dependency on external financing.
CCL has a Debt to Equity ratio (2.78) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.78 | ||
| Debt/FCF | 13.6 | ||
| Altman-Z | 1.1 |
ROIC/WACC1.13
WACC7.24%
2.3 Liquidity
A Current Ratio of 0.26 indicates that CCL may have some problems paying its short term obligations.
CCL's Current ratio of 0.26 is on the low side compared to the rest of the industry. CCL is outperformed by 93.28% of its industry peers.
CCL has a Quick Ratio of 0.26. This is a bad value and indicates that CCL is not financially healthy enough and could expect problems in meeting its short term obligations.
CCL's Quick ratio of 0.21 is on the low side compared to the rest of the industry. CCL is outperformed by 94.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
CCL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 385.29%, which is quite impressive.
The earnings per share for CCL have been decreasing by -20.70% on average. This is quite bad
Looking at the last year, CCL shows a quite strong growth in Revenue. The Revenue has grown by 12.66% in the last year.
CCL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.74% yearly.
EPS 1Y (TTM)385.29%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%192.86%
Revenue 1Y (TTM)12.66%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%7.47%
3.2 Future
Based on estimates for the next years, CCL will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.18% on average per year.
Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 4.02% on average per year.
EPS Next Y36.3%
EPS Next 2Y24.93%
EPS Next 3Y22.21%
EPS Next 5Y18.18%
Revenue Next Year4.35%
Revenue Next 2Y4.01%
Revenue Next 3Y3.84%
Revenue Next 5Y4.02%
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
CCL is valuated correctly with a Price/Earnings ratio of 14.31.
81.34% of the companies in the same industry are more expensive than CCL, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.34. CCL is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 10.96, which indicates a very decent valuation of CCL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 83.58% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, CCL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 10.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CCL is valued a bit cheaper than 73.13% 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 80.60% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.6 | ||
| EV/EBITDA | 8.88 |
4.3 Compensation for Growth
The 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 22.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y24.93%
EPS Next 3Y22.21%
5. Dividend
5.1 Amount
No dividends for CCL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
23.61
+0.33 (+1.42%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners65.08%
Inst Owner Change7.64%
Ins Owners7.58%
Ins Owner Change0.28%
Market Cap30.98B
Analysts81.25
Price Target28.26 (19.7%)
Short Float %5.98%
Short Ratio2.62
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)307.47%
Min EPS beat(2)83.06%
Max EPS beat(2)531.88%
EPS beat(4)4
Avg EPS beat(4)345.5%
Min EPS beat(4)8.2%
Max EPS beat(4)758.87%
EPS beat(8)8
Avg EPS beat(8)184.17%
EPS beat(12)10
Avg EPS beat(12)96.34%
EPS beat(16)10
Avg EPS beat(16)67.36%
Revenue beat(2)1
Avg Revenue beat(2)-0.42%
Min Revenue beat(2)-0.88%
Max Revenue beat(2)0.05%
Revenue beat(4)2
Avg Revenue beat(4)-0.05%
Min Revenue beat(4)-0.88%
Max Revenue beat(4)0.75%
Revenue beat(8)5
Avg Revenue beat(8)0.32%
Revenue beat(12)6
Avg Revenue beat(12)-2.18%
Revenue beat(16)6
Avg Revenue beat(16)-10.24%
PT rev (1m)-0.82%
PT rev (3m)-5.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.55%
EPS NY rev (1m)0%
EPS NY rev (3m)5.78%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)0.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 10.96 | ||
| P/S | 1.22 | ||
| P/FCF | 15.6 | ||
| P/OCF | 6.1 | ||
| P/B | 3.37 | ||
| P/tB | 4.16 | ||
| EV/EBITDA | 8.88 |
EPS(TTM)1.65
EY6.99%
EPS(NY)2.15
Fwd EY9.12%
FCF(TTM)1.51
FCFY6.41%
OCF(TTM)3.87
OCFY16.4%
SpS19.38
BVpS7
TBVpS5.67
PEG (NY)0.39
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.23% | ||
| ROE | 22.35% | ||
| ROCE | 10.4% | ||
| ROIC | 8.21% | ||
| ROICexc | 8.4% | ||
| ROICexgc | 8.83% | ||
| OM | 15.11% | ||
| PM (TTM) | 8.07% | ||
| GM | 53.19% | ||
| FCFM | 7.81% |
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-Score7
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.78 | ||
| Debt/FCF | 13.6 | ||
| Debt/EBITDA | 3.96 | ||
| Cap/Depr | 119.13% | ||
| Cap/Sales | 12.17% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.9% | ||
| Profit Quality | 96.78% | ||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 1.1 |
F-Score7
WACC7.24%
ROIC/WACC1.13
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)385.29%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%192.86%
EPS Next Y36.3%
EPS Next 2Y24.93%
EPS Next 3Y22.21%
EPS Next 5Y18.18%
Revenue 1Y (TTM)12.66%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%7.47%
Revenue Next Year4.35%
Revenue Next 2Y4.01%
Revenue Next 3Y3.84%
Revenue Next 5Y4.02%
EBIT growth 1Y59.82%
EBIT growth 3YN/A
EBIT growth 5Y1.76%
EBIT Next Year91.3%
EBIT Next 3Y28.51%
EBIT Next 5Y18.23%
FCF growth 1Y159.2%
FCF growth 3YN/A
FCF growth 5Y94.16%
OCF growth 1Y7358.57%
OCF growth 3YN/A
OCF growth 5Y1.58%