CARNIVAL PLC-ADR (CUK) Stock Fundamental Analysis
NYSE:CUK - New York Stock Exchange, Inc. - US14365C1036 - ADR - Currency: USD
We assign a fundamental rating of 4 out of 10 to CUK. CUK was compared to 131 industry peers in the Hotels, Restaurants & Leisure industry. CUK has a medium profitability rating, but doesn't score so well on its financial health evaluation. CUK is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
CUK had positive earnings in the past year.
In the past year CUK had a positive cash flow from operations.
In the past 5 years CUK reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: CUK reported negative operating cash flow in multiple years.
1.2 Ratios
CUK has a Return On Assets of 4.94%. This is in the better half of the industry: CUK outperforms 66.41% of its industry peers.
CUK has a Return On Equity of 25.23%. This is amongst the best in the industry. CUK outperforms 80.92% of its industry peers.
With a decent Return On Invested Capital value of 8.71%, CUK is doing good in the industry, outperforming 67.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 25.23% | ||
| ROIC | 8.71% |
ROA(3y)-2.68%
ROA(5y)-8.99%
ROE(3y)-22.21%
ROE(5y)-38.93%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 9.72%, CUK is in the better half of the industry, outperforming 74.05% of the companies in the same industry.
In the last couple of years the Profit Margin of CUK has declined.
CUK's Operating Margin of 16.23% is fine compared to the rest of the industry. CUK outperforms 70.99% of its industry peers.
CUK's Operating Margin has declined in the last couple of years.
The Gross Margin of CUK (39.22%) is worse than 64.12% of its industry peers.
In the last couple of years the Gross Margin of CUK has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.23% | ||
| PM (TTM) | 9.72% | ||
| GM | 39.22% |
OM growth 3YN/A
OM growth 5Y-1.91%
PM growth 3YN/A
PM growth 5Y-11.81%
GM growth 3YN/A
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
CUK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, CUK has more shares outstanding
CUK has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CUK has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.18, we must say that CUK is in the distress zone and has some risk of bankruptcy.
CUK's Altman-Z score of 1.18 is on the low side compared to the rest of the industry. CUK is outperformed by 62.60% of its industry peers.
CUK has a debt to FCF ratio of 9.71. This is a negative value and a sign of low solvency as CUK would need 9.71 years to pay back of all of its debts.
CUK has a Debt to FCF ratio of 9.71. This is in the better half of the industry: CUK outperforms 61.07% of its industry peers.
A Debt/Equity ratio of 2.58 is on the high side and indicates that CUK has dependencies on debt financing.
CUK has a Debt to Equity ratio (2.58) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.58 | ||
| Debt/FCF | 9.71 | ||
| Altman-Z | 1.18 |
ROIC/WACC1.27
WACC6.85%
2.3 Liquidity
CUK has a Current Ratio of 0.34. This is a bad value and indicates that CUK is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.34, CUK is doing worse than 86.26% of the companies in the same industry.
CUK has a Quick Ratio of 0.34. This is a bad value and indicates that CUK is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CUK (0.30) is worse than 83.21% of its industry peers.
| 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 155.06% over the past year.
The earnings per share for CUK have been decreasing by -20.48% on average. This is quite bad
CUK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.82%.
Measured over the past years, CUK shows a small growth in Revenue. The Revenue has been growing by 3.74% on average per year.
EPS 1Y (TTM)155.06%
EPS 3YN/A
EPS 5Y-20.48%
EPS Q2Q%218.18%
Revenue 1Y (TTM)10.82%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%9.46%
3.2 Future
Based on estimates for the next years, CUK will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.08% on average per year.
Based on estimates for the next years, CUK will show a small growth in Revenue. The Revenue will grow by 4.13% on average per year.
EPS Next Y32.5%
EPS Next 2Y24.15%
EPS Next 3Y21.59%
EPS Next 5Y17.08%
Revenue Next Year6.53%
Revenue Next 2Y5.18%
Revenue Next 3Y4.74%
Revenue Next 5Y4.13%
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
With a Price/Earnings ratio of 13.75, CUK is valued correctly.
CUK's Price/Earnings ratio is rather cheap when compared to the industry. CUK is cheaper than 87.02% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.93, CUK is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 12.24, the valuation of CUK can be described as correct.
Based on the Price/Forward Earnings ratio, CUK is valued cheaply inside the industry as 82.44% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.31, CUK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.75 | ||
| Fwd PE | 12.24 |
4.2 Price Multiples
CUK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CUK is cheaper than 76.34% of the companies in the same industry.
CUK's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CUK is cheaper than 89.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.98 | ||
| EV/EBITDA | 8.96 |
4.3 Compensation for Growth
CUK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CUK's earnings are expected to grow with 21.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y24.15%
EPS Next 3Y21.59%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.91%, CUK has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.00, CUK pays a better dividend. On top of this CUK pays more dividend than 90.08% of the companies listed in the same industry.
CUK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
5.2 History
CUK 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 2Y24.15%
EPS Next 3Y21.59%
27.77
-0.2 (-0.72%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners39.77%
Inst Owner Change1.2%
Ins Owners0.9%
Ins Owner Change0.27%
Market Cap36.45B
Analysts83.53
Price Target31.47 (13.32%)
Short Float %1.34%
Short Ratio0.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
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)256.58%
Min EPS beat(2)39.45%
Max EPS beat(2)473.7%
EPS beat(4)4
Avg EPS beat(4)143.83%
Min EPS beat(4)5.33%
Max EPS beat(4)473.7%
EPS beat(8)8
Avg EPS beat(8)217.98%
EPS beat(12)11
Avg EPS beat(12)112.36%
EPS beat(16)12
Avg EPS beat(16)80.1%
Revenue beat(2)0
Avg Revenue beat(2)-1.55%
Min Revenue beat(2)-1.74%
Max Revenue beat(2)-1.36%
Revenue beat(4)0
Avg Revenue beat(4)-2.38%
Min Revenue beat(4)-3.98%
Max Revenue beat(4)-1.36%
Revenue beat(8)1
Avg Revenue beat(8)-2.24%
Revenue beat(12)3
Avg Revenue beat(12)-3.06%
Revenue beat(16)3
Avg Revenue beat(16)-6.28%
PT rev (1m)6.64%
PT rev (3m)14.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.32%
EPS NY rev (1m)0%
EPS NY rev (3m)6.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.47%
Revenue NY rev (1m)1.97%
Revenue NY rev (3m)1.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.75 | ||
| Fwd PE | 12.24 | ||
| P/S | 1.4 | ||
| P/FCF | 12.98 | ||
| P/OCF | 6.71 | ||
| P/B | 3.64 | ||
| P/tB | 4.42 | ||
| EV/EBITDA | 8.96 |
EPS(TTM)2.02
EY7.27%
EPS(NY)2.27
Fwd EY8.17%
FCF(TTM)2.14
FCFY7.7%
OCF(TTM)4.14
OCFY14.91%
SpS19.79
BVpS7.62
TBVpS6.29
PEG (NY)0.42
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 25.23% | ||
| ROCE | 11.02% | ||
| ROIC | 8.71% | ||
| ROICexc | 9.23% | ||
| ROICexgc | 9.7% | ||
| OM | 16.23% | ||
| PM (TTM) | 9.72% | ||
| GM | 39.22% | ||
| FCFM | 10.81% |
ROA(3y)-2.68%
ROA(5y)-8.99%
ROE(3y)-22.21%
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 5Y-0.28%
F-Score8
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.58 | ||
| Debt/FCF | 9.71 | ||
| Debt/EBITDA | 3.76 | ||
| Cap/Depr | 98.91% | ||
| Cap/Sales | 10.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.09% | ||
| Profit Quality | 111.21% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | 1.18 |
F-Score8
WACC6.85%
ROIC/WACC1.27
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)155.06%
EPS 3YN/A
EPS 5Y-20.48%
EPS Q2Q%218.18%
EPS Next Y32.5%
EPS Next 2Y24.15%
EPS Next 3Y21.59%
EPS Next 5Y17.08%
Revenue 1Y (TTM)10.82%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%9.46%
Revenue Next Year6.53%
Revenue Next 2Y5.18%
Revenue Next 3Y4.74%
Revenue Next 5Y4.13%
EBIT growth 1Y48.24%
EBIT growth 3YN/A
EBIT growth 5Y1.76%
EBIT Next Year91.87%
EBIT Next 3Y28.52%
EBIT Next 5Y18.42%
FCF growth 1Y215.65%
FCF growth 3YN/A
FCF growth 5Y94.16%
OCF growth 1Y411.29%
OCF growth 3YN/A
OCF growth 5Y1.58%