Carnival Corporation & plc

LSE:0EV1 Stock Report

Market Cap: US$36.9b

Carnival Corporation & Valuation

Is 0EV1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0EV1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$30.17
Fair Value
7.2% undervalued intrinsic discount
23
Number of Analysts

Below Fair Value: 0EV1 ($28.02) is trading below our estimate of fair value ($30.17)

Significantly Below Fair Value: 0EV1 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0EV1?

Key metric: As 0EV1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0EV1. This is calculated by dividing 0EV1's market cap by their current earnings.
What is 0EV1's PE Ratio?
PE Ratio18.9x
EarningsUS$1.92b
Market CapUS$36.92b

Price to Earnings Ratio vs Peers

How does 0EV1's PE Ratio compare to its peers?

The above table shows the PE ratio for 0EV1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.9x
IHG InterContinental Hotels Group
33.3x11.1%UK£17.1b
WTB Whitbread
20.7x15.8%UK£4.9b
TRN Trainline
28.8x16.7%UK£1.6b
PPH PPHE Hotel Group
24.9x27.0%UK£545.4m
0EV1 Carnival Corporation &
18.9x14.4%US$36.9b

Price-To-Earnings vs Peers: 0EV1 is good value based on its Price-To-Earnings Ratio (18.9x) compared to the peer average (26.9x).

Price to Earnings Ratio vs Industry

How does 0EV1's PE Ratio compare vs other companies in the GB Hospitality Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TAST Tasty
0.3x-82.7%US$2.08m
No more companies available in this PE range
0EV1 18.9xIndustry Avg. 16.2xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0EV1 is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the UK Hospitality industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is 0EV1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0EV1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ratio30.6x

Price-To-Earnings vs Fair Ratio: 0EV1 is good value based on its Price-To-Earnings Ratio (18.9x) compared to the estimated Fair Price-To-Earnings Ratio (30.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0EV1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$27.76
US$29.75
+7.2%
14.3%US$35.00US$14.00n/a23
Jan ’26US$25.02
US$29.23
+16.8%
15.0%US$35.00US$14.00n/a23
Dec ’25US$25.43
US$25.15
-1.1%
14.3%US$29.00US$14.00n/a22
Nov ’25US$21.93
US$24.56
+12.0%
15.5%US$28.21US$14.00n/a21
Oct ’25US$18.01
US$23.39
+29.9%
15.3%US$28.00US$14.00n/a20
Sep ’25US$16.39
US$22.56
+37.6%
15.6%US$28.00US$13.00n/a22
Aug ’25US$15.66
US$22.49
+43.6%
16.3%US$28.00US$13.00n/a22
Jul ’25US$17.83
US$22.49
+26.2%
16.8%US$28.00US$13.00n/a20
Jun ’25US$15.02
US$21.26
+41.6%
17.1%US$28.00US$13.00n/a22
May ’25US$14.48
US$21.48
+48.4%
16.5%US$28.00US$13.00n/a22
Apr ’25US$16.52
US$21.72
+31.5%
15.6%US$27.50US$13.00n/a21
Mar ’25US$15.92
US$20.97
+31.7%
17.9%US$27.50US$13.00n/a21
Feb ’25US$16.61
US$20.90
+25.8%
18.3%US$27.50US$13.00US$27.7620
Jan ’25US$18.69
US$20.78
+11.2%
21.7%US$25.00US$7.00US$25.0219
Dec ’24US$15.56
US$17.88
+14.9%
23.9%US$25.00US$7.00US$25.4321
Nov ’24US$11.25
US$18.07
+60.6%
23.6%US$25.00US$7.00US$21.9321
Oct ’24US$13.41
US$18.40
+37.2%
24.9%US$25.00US$7.00US$18.0120
Sep ’24US$15.83
US$18.40
+16.2%
25.0%US$25.00US$7.00US$16.3920
Aug ’24US$17.94
US$18.26
+1.8%
25.4%US$25.00US$7.00US$15.6619
Jul ’24US$18.72
US$17.50
-6.5%
25.6%US$25.00US$7.00US$17.8317
Jun ’24US$11.76
US$12.27
+4.3%
29.3%US$22.00US$6.80US$15.0218
May ’24US$9.20
US$11.88
+29.2%
31.0%US$22.00US$6.80US$14.4819
Apr ’24US$10.13
US$11.94
+17.8%
32.7%US$22.00US$6.80US$16.5217
Mar ’24US$10.60
US$11.47
+8.2%
32.8%US$22.00US$6.80US$15.9219
Feb ’24US$11.05
US$11.36
+2.8%
32.9%US$22.00US$6.80US$16.6119
Analyst Price Target
Consensus Narrative from 23 Analysts
US$30.12
Fair Value
7.0% undervalued intrinsic discount
23
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 07:40
End of Day Share Price 2025/01/31 00:00
Earnings2024/11/30
Annual Earnings2024/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Carnival Corporation & plc is covered by 49 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Ishan MajumdarBaptista Research
Brandt MontourBarclays