CARNIVAL CORP (CCL)
PA1436583006 - Common Stock
Taking everything into account, CCL scores 3 out of 10 in our fundamental rating. 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
CCL had positive earnings in the past year.
CCL had a positive operating cash flow in the past year.
In the past 5 years CCL reported 4 times negative net income.
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 Return On Assets of 0.81%. This is in the lower half of the industry: CCL underperforms 65.67% of its industry peers.
CCL has a Return On Equity (6.06%) which is comparable to the rest of the industry.
CCL has a Return On Invested Capital (5.08%) which is in line with its industry peers.
| 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
Looking at the Profit Margin, with a value of 1.79%, CCL is doing worse than 63.43% of the companies in the same industry.
CCL's Operating Margin of 10.65% is in line compared 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.
With a Gross Margin value of 50.52%, CCL perfoms like the industry average, outperforming 54.48% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CCL is destroying value.
The number of shares outstanding for CCL has been increased compared to 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
Based on the Altman-Z score of 0.69, we must say that CCL is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.69, CCL is not doing good in the industry: 70.90% of the companies in the same industry are doing better.
CCL has a debt to FCF ratio of 23.43. This is a negative value and a sign of low solvency as CCL would need 23.43 years to pay back of all of its debts.
CCL's Debt to FCF ratio of 23.43 is in line compared to the rest of the industry. CCL outperforms 45.52% of its industry peers.
CCL has a Debt/Equity ratio of 4.27. This is a high value indicating a heavy dependency on external financing.
CCL's Debt to Equity ratio of 4.27 is in line compared to the rest of the industry. CCL outperforms 41.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.27 | ||
| Debt/FCF | 23.43 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.6
WACC8.5%
2.3 Liquidity
A Current Ratio of 0.36 indicates that CCL may have some problems paying its short term obligations.
With a Current ratio value of 0.36, CCL is not doing good in the industry: 88.06% of the companies in the same industry are doing better.
A Quick Ratio of 0.32 indicates that CCL may have some problems paying its short term obligations.
CCL has a Quick ratio of 0.32. This is amonst the worse of the industry: CCL underperforms 86.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
CCL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 109.39%, which is quite impressive.
The Revenue has grown by 50.68% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 2.72% on average over the past years.
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
CCL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 110.27% yearly.
CCL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.69% yearly.
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
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CCL is valuated quite expensively with a Price/Earnings ratio of 44.35.
Compared to the rest of the industry, the Price/Earnings ratio of CCL is on the same level as its industry peers.
CCL's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.92.
CCL is valuated reasonably with a Price/Forward Earnings ratio of 10.51.
92.54% of the companies in the same industry are more expensive than CCL, based on the Price/Forward Earnings ratio.
CCL is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.49, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.35 | ||
| Fwd PE | 10.51 |
4.2 Price Multiples
60.45% of the companies in the same industry are more expensive than CCL, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CCL is valued a bit cheaper than 79.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.56 | ||
| EV/EBITDA | 9.93 |
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 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 (4/26/2024, 7:04:00 PM)
After market: 15.07 -0.01 (-0.07%)15.08
-0.1 (-0.66%)
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 Cap19.11B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
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Surprises & Revisions
EPS beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.35 | ||
| Fwd PE | 10.51 | ||
| 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
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