CARNIVAL CORP (CCL) Fundamental Analysis & Valuation

NYSE:CCL • PA1436583006

Current stock price

26.58 USD
+0.7 (+2.7%)
At close:
26.6348 USD
+0.05 (+0.21%)
After Hours:

This CCL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. CCL Profitability Analysis

1.1 Basic Checks

  • CCL had positive earnings in the past year.
  • CCL had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: CCL reported negative net income in multiple years.
  • The reported operating cash flow has been mixed in the past 5 years: CCL reported negative operating cash flow in multiple years.
CCL Yearly Net Income VS EBIT VS OCF VS FCFCCL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B -10B

1.2 Ratios

  • CCL has a better Return On Assets (5.34%) than 73.81% of its industry peers.
  • With an excellent Return On Equity value of 22.48%, CCL belongs to the best of the industry, outperforming 81.75% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 9.18%, CCL is doing good in the industry, outperforming 68.25% of the companies in the same industry.
  • CCL had an Average Return On Invested Capital over the past 3 years of 6.94%. This is below the industry average of 10.68%.
  • 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 RankSector 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
CCL Yearly ROA, ROE, ROICCCL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60 -80

1.3 Margins

  • The Profit Margin of CCL (10.37%) is better than 77.78% of its industry peers.
  • Looking at the Operating Margin, with a value of 16.84%, CCL is in the better half of the industry, outperforming 75.40% of the companies in the same industry.
  • CCL has a better Gross Margin (54.76%) than 65.08% of its industry peers.
  • CCL's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
CCL Yearly Profit, Operating, Gross MarginsCCL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300 -400

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2

2. CCL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CCL is still creating some value.
  • Compared to 1 year ago, CCL has more shares outstanding
  • CCL has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, CCL has an improved debt to assets ratio.
CCL Yearly Shares OutstandingCCL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
CCL Yearly Total Debt VS Total AssetsCCL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • Based on the Altman-Z score of 1.27, we must say that CCL is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.27, CCL is in line with its industry, outperforming 41.27% of the companies in the same industry.
  • CCL has a debt to FCF ratio of 10.22. This is a negative value and a sign of low solvency as CCL would need 10.22 years to pay back of all of its debts.
  • The Debt to FCF ratio of CCL (10.22) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.96 is on the high side and indicates that CCL has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.96, CCL is in line with its industry, outperforming 46.83% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF 10.22
Altman-Z 1.27
ROIC/WACC1.33
WACC6.88%
CCL Yearly LT Debt VS Equity VS FCFCCL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.32 indicates that CCL may have some problems paying its short term obligations.
  • CCL's Current ratio of 0.32 is on the low side compared to the rest of the industry. CCL is outperformed by 92.06% of its industry peers.
  • A Quick Ratio of 0.28 indicates that CCL may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.28, CCL is doing worse than 88.89% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.32
Quick Ratio 0.28
CCL Yearly Current Assets VS Current LiabilitesCCL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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5

3. CCL Growth Analysis

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.
  • CCL shows a small growth in Revenue. In the last year, the Revenue has grown by 6.39%.
  • CCL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 36.61% yearly.
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

  • CCL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.25% yearly.
  • The Revenue is expected to grow by 3.92% on average over the next years.
EPS Next Y14.53%
EPS Next 2Y12.93%
EPS Next 3Y13.11%
EPS Next 5Y12.25%
Revenue Next Year4.54%
Revenue Next 2Y4.09%
Revenue Next 3Y4.15%
Revenue Next 5Y3.92%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CCL Yearly Revenue VS EstimatesCCL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B
CCL Yearly EPS VS EstimatesCCL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 2 -2 4 -4 -6

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8

4. CCL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.81, the valuation of CCL can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 84.92% of the companies listed in the same industry.
  • CCL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.51.
  • With a Price/Forward Earnings ratio of 10.31, the valuation of CCL can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, CCL is valued cheaper than 88.10% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.76, CCL is valued rather cheaply.
Industry RankSector Rank
PE 11.81
Fwd PE 10.31
CCL Price Earnings VS Forward Price EarningsCCL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CCL is valued a bit cheaper than 78.57% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 84.92% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.12
EV/EBITDA 8.33
CCL Per share dataCCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • CCL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of CCL may justify a higher PE ratio.
  • CCL's earnings are expected to grow with 13.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.81
PEG (5Y)N/A
EPS Next 2Y12.93%
EPS Next 3Y13.11%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. CCL Dividend Analysis

5.1 Amount

  • CCL has a Yearly Dividend Yield of 2.37%.
  • CCL's Dividend Yield is rather good when compared to the industry average which is at 1.10. CCL pays more dividend than 82.54% of the companies in the same industry.
  • CCL's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.37%

5.2 History

  • CCL 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
CCL Yearly Dividends per shareCCL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2026 0.5 1 1.5

5.3 Sustainability

DP0%
EPS Next 2Y12.93%
EPS Next 3Y13.11%
CCL Yearly Income VS Free CF VS DividendCCL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B -6B -8B -10B

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CCL Fundamentals: All Metrics, Ratios and Statistics

CARNIVAL CORP

NYSE:CCL (4/1/2026, 5:41:56 PM)

After market: 26.6348 +0.05 (+0.21%)

26.58

+0.7 (+2.7%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)03-19
Earnings (Next)06-22
Inst Owners70.74%
Inst Owner Change0.33%
Ins Owners7.85%
Ins Owner Change0.47%
Market Cap36.82B
Revenue(TTM)26.62B
Net Income(TTM)2.76B
Analysts81.25
Price Target37.27 (40.22%)
Short Float %3.69%
Short Ratio1.68
Dividend
Industry RankSector Rank
Dividend Yield 2.37%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.1%
Min EPS beat(2)6.99%
Max EPS beat(2)37.21%
EPS beat(4)4
Avg EPS beat(4)154.69%
Min EPS beat(4)6.99%
Max EPS beat(4)531.88%
EPS beat(8)8
Avg EPS beat(8)186.3%
EPS beat(12)12
Avg EPS beat(12)130.84%
EPS beat(16)13
Avg EPS beat(16)75.77%
Revenue beat(2)0
Avg Revenue beat(2)-1.02%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)-0.43%
Revenue beat(4)2
Avg Revenue beat(4)-0.27%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)0.93%
Revenue beat(8)3
Avg Revenue beat(8)-0.33%
Revenue beat(12)7
Avg Revenue beat(12)0.23%
Revenue beat(16)7
Avg Revenue beat(16)-3.5%
PT rev (1m)-2.55%
PT rev (3m)4.24%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)-0.44%
EPS NY rev (1m)0.1%
EPS NY rev (3m)4.25%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.39%
Valuation
Industry RankSector Rank
PE 11.81
Fwd PE 10.31
P/S 1.38
P/FCF 14.12
P/OCF 5.92
P/B 3
P/tB 3.5
EV/EBITDA 8.33
EPS(TTM)2.25
EY8.47%
EPS(NY)2.58
Fwd EY9.7%
FCF(TTM)1.88
FCFY7.08%
OCF(TTM)4.49
OCFY16.89%
SpS19.22
BVpS8.87
TBVpS7.6
PEG (NY)0.81
PEG (5Y)N/A
Graham Number21.19
Profitability
Industry RankSector Rank
ROA 5.34%
ROE 22.48%
ROCE 11.62%
ROIC 9.18%
ROICexc 9.66%
ROICexgc 10.14%
OM 16.84%
PM (TTM) 10.37%
GM 54.76%
FCFM 9.79%
ROA(3y)3.03%
ROA(5y)-4.1%
ROE(3y)14.03%
ROE(5y)-24.47%
ROIC(3y)6.94%
ROIC(5y)N/A
ROICexc(3y)7.28%
ROICexc(5y)N/A
ROICexgc(3y)7.65%
ROICexgc(5y)N/A
ROCE(3y)8.79%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.49%
GM growth 5Y29.69%
F-Score8
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF 10.22
Debt/EBITDA 3.3
Cap/Depr 129.43%
Cap/Sales 13.56%
Interest Coverage 3.74
Cash Conversion 85.49%
Profit Quality 94.42%
Current Ratio 0.32
Quick Ratio 0.28
Altman-Z 1.27
F-Score8
WACC6.88%
ROIC/WACC1.33
Cap/Depr(3y)149.64%
Cap/Depr(5y)165.52%
Cap/Sales(3y)15.75%
Cap/Sales(5y)55.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
EPS Next Y14.53%
EPS Next 2Y12.93%
EPS Next 3Y13.11%
EPS Next 5Y12.25%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y29.82%
Revenue growth 5Y36.61%
Sales Q2Q%6.6%
Revenue Next Year4.54%
Revenue Next 2Y4.09%
Revenue Next 3Y4.15%
Revenue Next 5Y3.92%
EBIT growth 1Y25.4%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year76.71%
EBIT Next 3Y25.61%
EBIT Next 5Y16.77%
FCF growth 1Y101%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.98%
OCF growth 3YN/A
OCF growth 5YN/A

CARNIVAL CORP / CCL Fundamental Analysis 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.


Can you provide the profitability details for CARNIVAL CORP?

CARNIVAL CORP (CCL) has a profitability rating of 6 / 10.


Can you provide the financial health for CCL stock?

The financial health rating of CARNIVAL CORP (CCL) is 2 / 10.


Is the dividend of CARNIVAL CORP sustainable?

The dividend rating of CARNIVAL CORP (CCL) is 4 / 10 and the dividend payout ratio is 0%.