CARNIVAL CORP (CCL)
PA1436583006 - Common Stock
We assign a fundamental rating of 3 out of 10 to CCL. CCL was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. CCL may be in some trouble as it scores bad on both profitability and health. CCL has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CCL was profitable.
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
The Return On Assets of CCL (0.81%) is worse than 65.67% of its industry peers.
CCL's Return On Equity of 6.06% is in line compared to the rest of the industry. CCL outperforms 58.96% of its industry peers.
With a Return On Invested Capital value of 5.08%, CCL perfoms like the industry average, outperforming 47.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 6.06% | ||
| ROIC | 5.08% |
ROA(3y)-9.92%
ROA(5y)-8.44%
ROE(3y)-55.18%
ROE(5y)-40.71%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CCL has a worse Profit Margin (1.79%) than 63.43% of its industry peers.
CCL has a Operating Margin of 10.65%. This is comparable to the rest of the industry: CCL outperforms 57.46% of its industry peers.
In the last couple of years the Operating Margin of CCL has declined.
CCL has a Gross Margin (50.52%) which is in line with its industry peers.
CCL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.65% | ||
| PM (TTM) | 1.79% | ||
| GM | 50.52% |
OM growth 3YN/A
OM growth 5Y-12.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y49.2%
GM growth 5Y3.73%
2. Health
2.1 Basic Checks
CCL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CCL has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CCL has more shares outstanding
CCL has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.67, we must say that CCL is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.67, CCL is not doing good in the industry: 71.64% of the companies in the same industry are doing better.
The Debt to FCF ratio of CCL is 23.43, which is on the high side as it means it would take CCL, 23.43 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 23.43, CCL perfoms like the industry average, outperforming 46.27% of the companies in the same industry.
CCL has a Debt/Equity ratio of 4.27. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 4.27, CCL is doing worse than 60.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.27 | ||
| Debt/FCF | 23.43 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.61
WACC8.36%
2.3 Liquidity
CCL has a Current Ratio of 0.36. This is a bad value and indicates that CCL is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of CCL (0.36) is worse than 89.55% of its industry peers.
CCL has a Quick Ratio of 0.36. 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 0.32 is on the low side compared to the rest of the industry. CCL is outperformed by 88.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 109.39% over the past year.
Looking at the last year, CCL shows a very strong growth in Revenue. The Revenue has grown by 50.68%.
CCL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.72% yearly.
EPS 1Y (TTM)109.39%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q74.55%
Revenue 1Y (TTM)50.68%
Revenue growth 3Y56.86%
Revenue growth 5Y2.72%
Revenue growth Q2Q21.98%
3.2 Future
The Earnings Per Share is expected to grow by 110.27% on average over the next years. This is a very strong growth
Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 4.69% on average per year.
EPS Next Y1543.91%
EPS Next 2Y374.36%
EPS Next 3Y197.61%
EPS Next 5Y110.27%
Revenue Next Year14.38%
Revenue Next 2Y9.93%
Revenue Next 3Y7.36%
Revenue Next 5Y4.69%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 41.53 indicates a quite expensive valuation of CCL.
The rest of the industry has a similar Price/Earnings ratio as CCL.
Compared to an average S&P500 Price/Earnings ratio of 24.76, CCL is valued quite expensively.
A Price/Forward Earnings ratio of 9.84 indicates a reasonable valuation of CCL.
Based on the Price/Forward Earnings ratio, CCL is valued cheaper than 95.52% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CCL to the average of the S&P500 Index (21.26), we can say CCL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.53 | ||
| Fwd PE | 9.84 |
4.2 Price Multiples
61.94% of the companies in the same industry are more expensive than CCL, based on the Enterprise Value to EBITDA ratio.
CCL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CCL is cheaper than 81.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.61 | ||
| EV/EBITDA | 9.66 |
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 197.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y374.36%
EPS Next 3Y197.61%
5. Dividend
5.1 Amount
No dividends for CCL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CARNIVAL CORP
NYSE:CCL (4/19/2024, 7:04:00 PM)
After market: 14.11 -0.01 (-0.07%)14.12
-0.06 (-0.42%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap17.85B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.53 | ||
| Fwd PE | 9.84 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.03
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 6.06% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.65% | ||
| PM (TTM) | 1.79% | ||
| GM | 50.52% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.27 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.32 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)109.39%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y1543.91%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)50.68%
Revenue growth 3Y56.86%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y