NYSE:CCL

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Executive Summary

Carnival Corporation & Plc operates as a leisure travel company.


Snowflake Analysis

High growth potential and fair value.


Similar Companies

Share Price & News

How has Carnival Corporation &'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.0%

CCL

6.1%

US Hospitality

0.5%

US Market


1 Year Return

-66.1%

CCL

-18.0%

US Hospitality

18.7%

US Market

Return vs Industry: CCL underperformed the US Hospitality industry which returned -17.6% over the past year.

Return vs Market: CCL underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

CCLIndustryMarket
7 Day7.0%6.1%0.5%
30 Day-12.9%5.5%4.9%
90 Day19.1%24.7%19.8%
1 Year-65.0%-66.1%-16.3%-18.0%21.2%18.7%
3 Year-75.2%-77.4%-10.7%-16.7%46.2%36.8%
5 Year-63.7%-68.5%9.9%-1.8%85.3%65.1%

Price Volatility Vs. Market

How volatile is Carnival Corporation &'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Carnival Corporation & undervalued compared to its fair value and its price relative to the market?

26.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCL ($15.22) is trading below our estimate of fair value ($20.59)

Significantly Below Fair Value: CCL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CCL is unprofitable, so we can't compare its PE Ratio to the US Hospitality industry average.

PE vs Market: CCL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CCL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CCL is good value based on its PB Ratio (0.6x) compared to the US Hospitality industry average (2.1x).


Next Steps

Future Growth

How is Carnival Corporation & forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

116.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: CCL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CCL's is expected to become profitable in the next 3 years.

Revenue vs Market: CCL's revenue (32.3% per year) is forecast to grow faster than the US market (9.5% per year).

High Growth Revenue: CCL's revenue (32.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCL's Return on Equity is forecast to be low in 3 years time (3.2%).


Next Steps

Past Performance

How has Carnival Corporation & performed over the past 5 years?

-2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCL is currently unprofitable.

Growing Profit Margin: CCL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CCL is unprofitable, and losses have increased over the past 5 years at a rate of 2.2% per year.

Accelerating Growth: Unable to compare CCL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CCL is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-48.3%).


Return on Equity

High ROE: CCL has a negative Return on Equity (-14.17%), as it is currently unprofitable.


Next Steps

Financial Health

How is Carnival Corporation &'s financial position?


Financial Position Analysis

Short Term Liabilities: CCL's short term assets ($8.2B) do not cover its short term liabilities ($11.9B).

Long Term Liabilities: CCL's short term assets ($8.2B) do not cover its long term liabilities ($17.1B).


Debt to Equity History and Analysis

Debt Level: CCL's debt to equity ratio (99.9%) is considered high.

Reducing Debt: CCL's debt to equity ratio has increased from 35.7% to 99.9% over the past 5 years.

Debt Coverage: CCL's debt is not well covered by operating cash flow (2.4%).

Interest Coverage: CCL is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Carnival Corporation & current dividend yield, its reliability and sustainability?

3.16%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CCL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CCL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CCL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CCL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CCL is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.9yrs

Average management tenure


CEO

Arnold Donald (65 yo)

7.08yrs

Tenure

US$11,149,514

Compensation

Mr. Arnold W. Donald has been President and Chief Executive Officer of Carnival Corporation and Carnival plc since 2013. Mr. Donald is Director of Bank of America Corporation since January 23, 2013. Mr. Do ...


CEO Compensation Analysis

Compensation vs Market: Arnold's total compensation ($USD11.15M) is about average for companies of similar size in the US market ($USD11.31M).

Compensation vs Earnings: Arnold's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Micky Arison
Executive Chairman of the Board29.83yrsUS$1.10m14.72%
$ 1.9b
Arnold Donald
CEO, President & Director7.08yrsUS$11.15m0.065%
$ 8.3m
David Bernstein
CFO & Chief Accounting Officer13.08yrsUS$3.77m0.0036%
$ 454.6k
Arnaldo Perez
General Counsel & Company Secretary25yrsUS$2.07m0.0046%
$ 578.8k
Stein Kruse
Group Chief Executive Officer of Holland America Group & Carnival UK6.67yrsUS$4.13m0.0050%
$ 634.5k
Michael Thamm
Group Chief Executive Officer of Costa Group & Carnival Asia3.67yrsUS$5.20mno data
Josh Weinstein
Chief Operations Officer0.17yrno datano data
Gregory Sullivan
Chief Information Officer1.67yrsno datano data
Beth Roberts
Senior Vice President of Investor Relationsno datano datano data
Peter Anderson
Chief Ethics & Compliance Officer1yrno datano data
Roger Frizzell
Chief Communications Officer & Senior VP of Corporate Communications7.17yrsno datano data
Robert Montgomery
Chief Human Resources Officer9.42yrsno datano data

6.9yrs

Average Tenure

61.5yo

Average Age

Experienced Management: CCL's management team is seasoned and experienced (6.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Micky Arison
Executive Chairman of the Board29.83yrsUS$1.10m14.72%
$ 1.9b
Arnold Donald
CEO, President & Director7.08yrsUS$11.15m0.065%
$ 8.3m
Richard Glasier
Independent Director16.08yrsUS$319.99k0.0051%
$ 644.6k
Laura Weil
Independent Non-Executive Director13.58yrsUS$284.98k0.0057%
$ 720.6k
Stuart Subotnick
Independent Director33.08yrsUS$310.58k0.0078%
$ 991.6k
Randall Weisenburger
Senior Independent & Presiding Director3.08yrsUS$347.48k0.16%
$ 20.3m
John Parker
Independent Director17.33yrsUS$284.98k0.0035%
$ 439.4k
Katie Lahey
Independent Director1.58yrsUS$298.05k0.00037%
$ 46.9k
Helen Deeble
Independent Director4.08yrsUS$284.98k0.0010%
$ 127.9k
Jeffrey Gearhart
Non-Executive Director0.33yrno datano data
Jonathon Band
Independent Director10.33yrsUS$316.18k0.0042%
$ 534.4k
Jason Cahilly
Independent Director3.08yrsUS$295.78k0.00069%
$ 87.4k

12.0yrs

Average Tenure

67.5yo

Average Age

Experienced Board: CCL's board of directors are seasoned and experienced ( 12 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.


Top Shareholders

Company Information

Carnival Corporation & Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Carnival Corporation & Plc
  • Ticker: CCL
  • Exchange: NYSE
  • Founded: 1972
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: US$12.664b
  • Shares outstanding: 856.81m
  • Website: https://www.carnivalcorp.com

Number of Employees


Location

  • Carnival Corporation & Plc
  • 3655 NW 87th Avenue
  • Miami
  • Florida
  • 33178
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCLNYSE (New York Stock Exchange)YesCorporation Common StockUSUSDJul 1987
CVC1DB (Deutsche Boerse AG)YesCorporation Common StockDEEURJul 1987
0EV1LSE (London Stock Exchange)YesCorporation Common StockGBUSDJul 1987
CCL1 NBMV (Bolsa Mexicana de Valores)YesCorporation Common StockMXMXNJul 1987
CUKP.FOTCPK (Pink Sheets LLC)PLC Ordinary SharesUSUSDJan 2003
CCLLSE (London Stock Exchange)PLC Ordinary SharesGBGBPJan 2003
POH1DB (Deutsche Boerse AG)PLC Ordinary SharesDEEURJan 2003
CCLLBATS-CHIXE (BATS 'Chi-X Europe')PLC Ordinary SharesGBGBPJan 2003
CCL NBMV (Bolsa Mexicana de Valores)PLC Ordinary SharesMXMXNJan 2003
CUKNYSE (New York Stock Exchange)ADS EACH REP 1 ORD USD1.66USUSDJan 2003
POH3DB (Deutsche Boerse AG)ADS EACH REP 1 ORD USD1.66DEEURJan 2003
CUK NBMV (Bolsa Mexicana de Valores)ADS EACH REP 1 ORD USD1.66MXMXNJan 2003
C1CL34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COM NPVBRBRLDec 2019

Biography

Carnival Corporation & Plc operates as a leisure travel company. The company’s ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Crui ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 01:05
End of Day Share Price2020/08/13 00:00
Earnings2020/05/31
Annual Earnings2019/11/30


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.