CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CCL - PA1436583006 - Common Stock
30.54 USD
-0.28 (-0.91%)
30.58 USD
+0.04 (+0.13%)
CCL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 133 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 valuation in line with the averages, but it does not seem to be growing.
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's Return On Assets of 5.20% is fine compared to the rest of the industry. CCL outperforms 68.42% of its industry peers.
CCL's Return On Equity of 22.15% is fine compared to the rest of the industry. CCL outperforms 79.70% of its industry peers.
With a decent Return On Invested Capital value of 8.64%, CCL is doing good in the industry, outperforming 68.42% of the companies in the same industry.
| 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
With a decent Profit Margin value of 10.07%, CCL is doing good in the industry, outperforming 75.94% of the companies in the same industry.
In the last couple of years the Profit Margin of CCL has declined.
CCL's Operating Margin of 16.43% is fine compared to the rest of the industry. CCL outperforms 72.93% of its industry peers.
CCL's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 54.22%, CCL is doing good in the industry, outperforming 63.91% of the companies in the same industry.
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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that CCL is in the distress zone and has some risk of bankruptcy.
CCL's Altman-Z score of 1.36 is in line compared to the rest of the industry. CCL outperforms 42.86% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 9.08, CCL is in the better half of the industry, outperforming 63.91% of the companies in the same industry.
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 (2.10) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Altman-Z | 1.36 |
ROIC/WACC1.06
WACC8.19%
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.
CCL has a Current ratio of 0.34. This is amonst the worse of the industry: CCL underperforms 86.47% of its industry peers.
CCL has a Quick 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.
Looking at the Quick ratio, with a value of 0.30, CCL is doing worse than 82.71% 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 63.04% over the past year.
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.6%
3.2 Future
The Earnings Per Share is expected to grow by 10.68% 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 4.35% on average per year.
EPS Next Y9.87%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
EPS Next 5Y10.68%
Revenue Next Year4.13%
Revenue Next 2Y3.86%
Revenue Next 3Y3.89%
Revenue Next 5Y4.35%
3.3 Evolution
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.57, CCL is valued correctly.
81.20% of the companies in the same industry are more expensive than CCL, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CCL to the average of the S&P500 Index (26.51), we can say CCL is valued slightly cheaper.
With a Price/Forward Earnings ratio of 12.35, CCL is valued correctly.
CCL's Price/Forward Earnings ratio is rather cheap when compared to the industry. CCL is cheaper than 81.95% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CCL to the average of the S&P500 Index (23.13), we can say CCL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.57 | ||
| Fwd PE | 12.35 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CCL indicates a somewhat cheap valuation: CCL is cheaper than 70.68% of the companies listed 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 85.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.76 | ||
| EV/EBITDA | 9.22 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as CCL's earnings are expected to grow with 12.25% in the coming years.
PEG (NY)1.38
PEG (5Y)N/A
EPS Next 2Y11.68%
EPS Next 3Y12.25%
5. Dividend
5.1 Amount
CCL has a Yearly Dividend Yield of 1.92%. Purely for dividend investing, there may be better candidates out there.
CCL's Dividend Yield is a higher than the industry average which is at 1.66.
CCL's Dividend Yield is comparable with the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
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%
30.54
-0.28 (-0.91%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners73.59%
Inst Owner Change5.05%
Ins Owners8.3%
Ins Owner Change-0.01%
Market Cap40.10B
Revenue(TTM)N/A
Net Income(TTM)2.64B
Analysts81.25
Price Target35.76 (17.09%)
Short Float %4%
Short Ratio1.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
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)1.17%
PT rev (3m)6.77%
EPS NQ rev (1m)-1.21%
EPS NQ rev (3m)25.78%
EPS NY rev (1m)0.44%
EPS NY rev (3m)7.53%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)1.18%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.57 | ||
| Fwd PE | 12.35 | ||
| P/S | 1.53 | ||
| P/FCF | 13.76 | ||
| P/OCF | 7.15 | ||
| P/B | 3.36 | ||
| P/tB | 3.94 | ||
| EV/EBITDA | 9.22 |
EPS(TTM)2.25
EY7.37%
EPS(NY)2.47
Fwd EY8.09%
FCF(TTM)2.22
FCFY7.27%
OCF(TTM)4.27
OCFY13.99%
SpS19.97
BVpS9.08
TBVpS7.74
PEG (NY)1.38
PEG (5Y)N/A
Graham Number21.44
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 | 1.36 |
F-Score8
WACC8.19%
ROIC/WACC1.06
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)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
EPS Next Y9.87%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
EPS Next 5Y10.68%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.6%
Revenue Next Year4.13%
Revenue Next 2Y3.86%
Revenue Next 3Y3.89%
Revenue Next 5Y4.35%
EBIT growth 1Y26.81%
EBIT growth 3YN/A
EBIT growth 5Y1.76%
EBIT Next Year101.07%
EBIT Next 3Y31.79%
EBIT Next 5Y19.74%
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 3 / 10 to CCL.
What is the valuation status of CARNIVAL CORP (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 4 / 10.
Can you provide the PE and PB ratios for CCL stock?
The Price/Earnings (PE) ratio for CARNIVAL CORP (CCL) is 13.57 and the Price/Book (PB) ratio is 3.36.
Is the dividend of CARNIVAL CORP sustainable?
The dividend rating of CARNIVAL CORP (CCL) is 3 / 10 and the dividend payout ratio is 0%.