CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CCL - PA1436583006 - Common Stock
28.55 USD
+0.06 (+0.21%)
28.49 USD
-0.06 (-0.21%)
CCL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 133 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. CCL is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
- The reported net income has been mixed in the past 5 years: CCL reported negative net income in multiple years.
- In multiple years CCL reported negative operating cash flow during the last 5 years.
1.2 Ratios
- With a decent Return On Assets value of 5.20%, CCL is doing good in the industry, outperforming 69.17% of the companies in the same industry.
- With a decent Return On Equity value of 22.15%, CCL is doing good in the industry, outperforming 79.70% of the companies in the same industry.
- The Return On Invested Capital of CCL (8.64%) is better than 69.17% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for CCL is below the industry average of 10.34%.
- The last Return On Invested Capital (8.64%) for CCL is above the 3 year average (6.94%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 22.15% | ||
| ROIC | 8.64% |
ROA(3y)3.03%
ROA(5y)-4.1%
ROE(3y)14.03%
ROE(5y)-24.47%
ROIC(3y)6.94%
ROIC(5y)N/A
1.3 Margins
- The Profit Margin of CCL (10.07%) is better than 75.94% of its industry peers.
- CCL has a better Operating Margin (16.43%) than 72.93% of its industry peers.
- CCL's Gross Margin of 54.22% is fine compared to the rest of the industry. CCL outperforms 63.91% of its industry peers.
- CCL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.43% | ||
| PM (TTM) | 10.07% | ||
| GM | 54.22% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.49%
GM growth 5Y29.69%
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.
- 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.
2.2 Solvency
- CCL has an Altman-Z score of 1.32. 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 (1.32) which is comparable to the rest of the 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 better Debt to FCF ratio (9.08) than 63.91% of its industry peers.
- CCL has a Debt/Equity ratio of 2.10. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of CCL (2.10) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Altman-Z | 1.32 |
ROIC/WACC1.1
WACC7.88%
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: 86.47% 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.
- With a Quick ratio value of 0.30, CCL is not doing good in the industry: 81.95% of the companies in the same industry are doing better.
| 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.
- Looking at the last year, CCL shows a small growth in Revenue. The Revenue has grown by 6.39% in the last year.
- Measured over the past years, CCL shows a very strong growth in Revenue. The Revenue has been growing by 36.61% on average per year.
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y29.82%
Revenue growth 5Y36.61%
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 12.02% yearly.
- The Revenue is expected to grow by 3.72% on average over the next years.
EPS Next Y9.87%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
EPS Next 5Y12.02%
Revenue Next Year4.42%
Revenue Next 2Y4.05%
Revenue Next 3Y4.11%
Revenue Next 5Y3.72%
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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 12.69 indicates a correct valuation of CCL.
- Based on the Price/Earnings ratio, CCL is valued cheaply inside the industry as 84.21% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of CCL to the average of the S&P500 Index (27.21), we can say CCL is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 11.55, the valuation of CCL can be described as reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 84.21% of the companies listed in the same industry.
- CCL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.69 | ||
| Fwd PE | 11.55 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CCL is valued a bit cheaper than 73.68% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, CCL is valued cheaper than 90.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.86 | ||
| EV/EBITDA | 8.84 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- CCL's earnings are expected to grow with 12.25% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.29
PEG (5Y)N/A
EPS Next 2Y11.68%
EPS Next 3Y12.25%
5. Dividend
5.1 Amount
- CCL has a Yearly Dividend Yield of 2.11%. Purely for dividend investing, there may be better candidates out there.
- CCL's Dividend Yield is rather good when compared to the industry average which is at 1.19. CCL pays more dividend than 80.45% of the companies in the same industry.
- CCL's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
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
5.3 Sustainability
DP0%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
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 of CARNIVAL CORP (CCL) stock?
ChartMill assigns a valuation rating of 7 / 10 to CARNIVAL CORP (CCL). This can be considered as Undervalued.
How profitable is CARNIVAL CORP (CCL) stock?
CARNIVAL CORP (CCL) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for CCL stock?
The Price/Earnings (PE) ratio for CARNIVAL CORP (CCL) is 12.69 and the Price/Book (PB) ratio is 3.14.
Is the dividend of CARNIVAL CORP sustainable?
The dividend rating of CARNIVAL CORP (CCL) is 4 / 10 and the dividend payout ratio is 0%.