CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:CCL • PA1436583006
30.02 USD
-1.13 (-3.63%)
At close: Jan 30, 2026
29.94 USD
-0.08 (-0.27%)
After Hours: 1/30/2026, 8:04:00 PM
Taking everything into account, CCL scores 5 out of 10 in our fundamental rating. CCL was compared to 132 industry peers in the Hotels, Restaurants & Leisure industry. CCL has a medium profitability rating, but doesn't score so well on its financial health evaluation. A decent growth rate in combination with a cheap valuation! Better keep an eye on CCL.
1. Profitability
1.1 Basic Checks
- In the past year CCL was profitable.
- In the past year CCL had a positive cash flow from operations.
- In multiple years CCL reported negative net income over the last 5 years.
- 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's Return On Assets of 5.34% is fine compared to the rest of the industry. CCL outperforms 70.45% of its industry peers.
- CCL has a better Return On Equity (22.48%) than 80.30% of its industry peers.
- With a decent Return On Invested Capital value of 9.18%, CCL is doing good in the industry, outperforming 69.70% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for CCL is below the industry average of 10.38%.
- The last Return On Invested Capital (9.18%) for CCL is above the 3 year average (6.94%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.34% | ||
| ROE | 22.48% | ||
| ROIC | 9.18% |
ROA(3y)3.03%
ROA(5y)-4.1%
ROE(3y)14.03%
ROE(5y)-24.47%
ROIC(3y)6.94%
ROIC(5y)N/A
1.3 Margins
- CCL's Profit Margin of 10.37% is fine compared to the rest of the industry. CCL outperforms 77.27% of its industry peers.
- CCL has a better Operating Margin (16.84%) than 75.00% of its industry peers.
- CCL has a Gross Margin of 54.76%. This is in the better half of the industry: CCL outperforms 65.15% of its industry peers.
- CCL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.84% | ||
| PM (TTM) | 10.37% | ||
| GM | 54.76% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.49%
GM growth 5Y29.69%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CCL is creating some value.
- CCL has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, CCL has more shares outstanding
- CCL has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.33, we must say that CCL is in the distress zone and has some risk of bankruptcy.
- CCL has a Altman-Z score of 1.33. This is comparable to the rest of the industry: CCL outperforms 43.18% of its industry peers.
- The Debt to FCF ratio of CCL is 10.22, which is on the high side as it means it would take CCL, 10.22 years of fcf income to pay off all of its debts.
- CCL has a Debt to FCF ratio (10.22) which is in line with its industry peers.
- CCL has a Debt/Equity ratio of 1.96. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.96, CCL is in line with its industry, outperforming 51.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 10.22 | ||
| Altman-Z | 1.33 |
ROIC/WACC1.2
WACC7.67%
2.3 Liquidity
- CCL has a Current Ratio of 0.32. This is a bad value and indicates that CCL is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.32, CCL is doing worse than 89.39% of the companies in the same industry.
- CCL has a Quick Ratio of 0.32. This is a bad value and indicates that CCL is not financially healthy enough and could expect problems in meeting its short term obligations.
- CCL has a worse Quick ratio (0.28) than 85.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.28 |
3. Growth
3.1 Past
- CCL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 63.04%, which is quite impressive.
- Looking at the last year, CCL shows a small growth in Revenue. The Revenue has grown by 6.39% in the last year.
- Measured over the past years, CCL shows a very strong growth in Revenue. The Revenue has been growing by 36.61% on average per year.
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y29.82%
Revenue growth 5Y36.61%
Sales Q2Q%6.6%
3.2 Future
- Based on estimates for the next years, CCL will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.02% on average per year.
- The Revenue is expected to grow by 3.72% on average over the next years.
EPS Next Y14.16%
EPS Next 2Y12.89%
EPS Next 3Y13.05%
EPS Next 5Y12.02%
Revenue Next Year4.43%
Revenue Next 2Y4.05%
Revenue Next 3Y4.13%
Revenue Next 5Y3.72%
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 13.34 indicates a correct valuation of CCL.
- Based on the Price/Earnings ratio, CCL is valued cheaply inside the industry as 84.09% of the companies are valued more expensively.
- CCL is valuated cheaply when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 11.69, the valuation of CCL can be described as very reasonable.
- Based on the Price/Forward Earnings ratio, CCL is valued cheaper than 84.85% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. CCL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.34 | ||
| Fwd PE | 11.69 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CCL is valued a bit cheaper than 73.48% of the companies in the same industry.
- CCL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CCL is cheaper than 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.12 | ||
| EV/EBITDA | 8.82 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- CCL has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as CCL's earnings are expected to grow with 13.05% in the coming years.
PEG (NY)0.94
PEG (5Y)N/A
EPS Next 2Y12.89%
EPS Next 3Y13.05%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.93%, CCL has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 1.25, CCL pays a bit more dividend than its industry peers.
- CCL's Dividend Yield is comparable with the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
5.2 History
- CCL has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y12.89%
EPS Next 3Y13.05%
CARNIVAL CORP / CCL FAQ
What is the ChartMill fundamental rating of CARNIVAL CORP (CCL) stock?
ChartMill assigns a fundamental rating of 5 / 10 to CCL.
What is the valuation status of CARNIVAL CORP (CCL) stock?
ChartMill assigns a valuation rating of 8 / 10 to CARNIVAL CORP (CCL). This can be considered as Undervalued.
How profitable is CARNIVAL CORP (CCL) stock?
CARNIVAL CORP (CCL) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for CCL stock?
The Price/Earnings (PE) ratio for CARNIVAL CORP (CCL) is 13.34 and the Price/Book (PB) ratio is 3.21.
Is the dividend of CARNIVAL CORP sustainable?
The dividend rating of CARNIVAL CORP (CCL) is 4 / 10 and the dividend payout ratio is 0%.