NYSE:CCL

Stock Analysis Report

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Market Cap

US$24.5b

Last Updated

2021/07/25 22:50 UTC

Data Sources

Company Financials +

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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CCL's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

5.0%

CCL

3.7%

US Hospitality

2.0%

US Market


1 Year Return

48.4%

CCL

49.8%

US Hospitality

39.1%

US Market

Return vs Industry: CCL underperformed the US Hospitality industry which returned 49.8% over the past year.

Return vs Market: CCL exceeded the US Market which returned 39.1% over the past year.


Shareholder returns

CCLIndustryMarket
7 Day5.0%3.7%2.0%
30 Day-21.9%-5.5%1.6%
90 Day-20.3%-9.9%3.5%
1 Year48.4%48.4%50.4%49.8%41.3%39.1%
3 Year-59.6%-62.3%4.0%-0.2%64.0%53.8%
5 Year-46.9%-53.0%54.7%43.4%123.9%99.0%

Long-Term 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

No news available

Valuation

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

13.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCL ($21.96) is trading below our estimate of fair value ($25.28)

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


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 (1.4x) compared to the US Hospitality industry average (3.4x).


Future Growth

How is Carnival Corporation & forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

70.0%

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%).

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 (45.8% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: CCL's revenue (45.8% 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 (11.9%).


Past Performance

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

-57.6%

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 57.6% 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 (10.1%).


Return on Equity

High ROE: CCL has a negative Return on Equity (-51.05%), as it is currently unprofitable.


Financial Health

How is Carnival Corporation &'s financial position?


Financial Position Analysis

Short Term Liabilities: CCL's short term assets ($10.2B) exceed its short term liabilities ($8.8B).

Long Term Liabilities: CCL's short term assets ($10.2B) do not cover its long term liabilities ($28.4B).


Debt to Equity History and Analysis

Debt Level: CCL's debt to equity ratio (172.2%) is considered high.

Reducing Debt: CCL's debt to equity ratio has increased from 41.5% to 172.2% over the past 5 years.

Debt Coverage: CCL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if CCL's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

0.055%

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?

3.6yrs

Average management tenure


CEO

Arnold Donald (66 yo)

8yrs

Tenure

US$13,306,097

Compensation

Mr. Arnold W. Donald serves as Chairman and Director at World Travel and Tourism Council. He has been President and Chief Executive Officer of Carnival Corporation & plc and Carnival plc since 2013. Mr. Do...


CEO Compensation Analysis

Compensation vs Market: Arnold's total compensation ($USD13.31M) is about average for companies of similar size in the US market ($USD11.26M).

Compensation vs Earnings: Arnold's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CCL's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: CCL's board of directors are seasoned and experienced ( 12.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CCL insiders have only sold shares 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 49.2%.


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$24.496b
  • Shares outstanding: 1.13b
  • Website: https://www.carnivalcorp.com

Number of Employees


Location

  • Carnival Corporation & plc
  • Carnival Place
  • 3655 N.W. 87th Avenue
  • Miami
  • Florida
  • 33178-2428
  • United States

Listings


Biography

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Sea...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/25 22:50
End of Day Share Price2021/07/23 00:00
Earnings2021/05/31
Annual Earnings2020/11/30


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.