CARNIVAL CORP (CCL) Fundamental Analysis & Valuation

NYSE:CCL • PA1436583006

Current stock price

26.585 USD
-0.36 (-1.32%)
Last:

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

  • 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.
  • In multiple years CCL reported negative operating cash flow during the last 5 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

  • Looking at the Return On Assets, with a value of 6.01%, CCL is in the better half of the industry, outperforming 73.81% of the companies in the same industry.
  • CCL has a better Return On Equity (23.77%) than 83.33% of its industry peers.
  • CCL's Return On Invested Capital of 9.18% is fine compared to the rest of the industry. CCL outperforms 67.46% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CCL is below the industry average of 10.55%.
  • 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 6.01%
ROE 23.77%
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

  • With a decent Profit Margin value of 11.48%, CCL is doing good in the industry, outperforming 79.37% of the companies in the same industry.
  • CCL has a better Operating Margin (16.86%) than 76.98% of its industry peers.
  • CCL has a better Gross Margin (55.19%) than 67.46% of its industry peers.
  • CCL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 16.86%
PM (TTM) 11.48%
GM 55.19%
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

  • CCL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • CCL has more shares outstanding than it did 1 year ago.
  • CCL has more shares outstanding than it did 5 years ago.
  • CCL has a better debt/assets ratio than last year.
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

  • CCL has an Altman-Z score of 1.32. This is a bad value and indicates that CCL is not financially healthy and even has some risk of bankruptcy.
  • CCL has a Altman-Z score (1.32) which is comparable to the rest of the industry.
  • CCL has a debt to FCF ratio of 8.47. This is a slightly negative value and a sign of low solvency as CCL would need 8.47 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.47, CCL is in the better half of the industry, outperforming 62.70% of the companies in the same industry.
  • A Debt/Equity ratio of 1.83 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 1.83, CCL is in line with its industry, outperforming 48.41% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.83
Debt/FCF 8.47
Altman-Z 1.32
ROIC/WACC1.29
WACC7.14%
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 0.30 indicates that CCL may have some problems paying its short term obligations.
  • The Current ratio of CCL (0.30) is worse than 92.86% of its industry peers.
  • A Quick Ratio of 0.26 indicates that CCL may have some problems paying its short term obligations.
  • CCL has a worse Quick ratio (0.26) than 89.68% of its industry peers.
Industry RankSector Rank
Current Ratio 0.3
Quick Ratio 0.26
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 40.61%, which is quite impressive.
  • The Revenue has been growing slightly by 6.10% in the past 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)40.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%53.85%
Revenue 1Y (TTM)6.1%
Revenue growth 3Y29.82%
Revenue growth 5Y36.61%
Sales Q2Q%6.11%

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.
  • Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 3.92% on average per year.
EPS Next Y-0.93%
EPS Next 2Y7.43%
EPS Next 3Y10.37%
EPS Next 5Y12.25%
Revenue Next Year4.48%
Revenue Next 2Y4%
Revenue Next 3Y4%
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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7

4. CCL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.46, the valuation of CCL can be described as reasonable.
  • CCL's Price/Earnings ratio is rather cheap when compared to the industry. CCL is cheaper than 86.51% of the companies in the same industry.
  • CCL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.50.
  • Based on the Price/Forward Earnings ratio of 10.24, the valuation of CCL can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, CCL is valued cheaper than 90.48% of the companies in the same industry.
  • CCL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.62.
Industry RankSector Rank
PE 11.46
Fwd PE 10.24
CCL Price Earnings VS Forward Price EarningsCCL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • CCL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CCL is cheaper than 80.16% of the companies in the same industry.
  • 87.30% of the companies in the same industry are more expensive than CCL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.33
EV/EBITDA 8.29
CCL Per share dataCCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • CCL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.43%
EPS Next 3Y10.37%

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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 2.20%. Purely for dividend investing, there may be better candidates out there.
  • CCL's Dividend Yield is rather good when compared to the industry average which is at 1.04. CCL pays more dividend than 83.33% of the companies in the same industry.
  • CCL's Dividend Yield is a higher than the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.2%

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
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

DPN/A
EPS Next 2Y7.43%
EPS Next 3Y10.37%
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 (4/23/2026, 3:19:02 PM)

26.585

-0.36 (-1.32%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)03-27
Earnings (Next)06-22
Inst Owners70.61%
Inst Owner Change-2.51%
Ins Owners7.83%
Ins Owner Change0.46%
Market Cap36.82B
Revenue(TTM)26.98B
Net Income(TTM)3.10B
Analysts81.88
Price Target35.23 (32.52%)
Short Float %3.78%
Short Ratio1.61
Dividend
Industry RankSector Rank
Dividend Yield 2.2%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.25%
Min EPS beat(2)7.29%
Max EPS beat(2)37.21%
EPS beat(4)4
Avg EPS beat(4)23.55%
Min EPS beat(4)6.99%
Max EPS beat(4)42.71%
EPS beat(8)8
Avg EPS beat(8)184.53%
EPS beat(12)12
Avg EPS beat(12)130.63%
EPS beat(16)14
Avg EPS beat(16)78.15%
Revenue beat(2)0
Avg Revenue beat(2)-1.06%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)-0.5%
Revenue beat(4)1
Avg Revenue beat(4)-0.4%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)0.93%
Revenue beat(8)3
Avg Revenue beat(8)-0.23%
Revenue beat(12)6
Avg Revenue beat(12)0.08%
Revenue beat(16)7
Avg Revenue beat(16)-1.73%
PT rev (1m)-7.89%
PT rev (3m)-7.35%
EPS NQ rev (1m)-29.25%
EPS NQ rev (3m)-29.01%
EPS NY rev (1m)-13.5%
EPS NY rev (3m)-9.82%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)0.13%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)0.05%
Valuation
Industry RankSector Rank
PE 11.46
Fwd PE 10.24
P/S 1.37
P/FCF 12.33
P/OCF 5.62
P/B 2.83
P/tB 3.27
EV/EBITDA 8.29
EPS(TTM)2.32
EY8.73%
EPS(NY)2.6
Fwd EY9.77%
FCF(TTM)2.16
FCFY8.11%
OCF(TTM)4.73
OCFY17.81%
SpS19.48
BVpS9.41
TBVpS8.14
PEG (NY)N/A
PEG (5Y)N/A
Graham Number22.1604 (-16.64%)
Profitability
Industry RankSector Rank
ROA 6.01%
ROE 23.77%
ROCE 11.62%
ROIC 9.18%
ROICexc 9.52%
ROICexgc 9.99%
OM 16.86%
PM (TTM) 11.48%
GM 55.19%
FCFM 11.07%
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-Score7
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 1.83
Debt/FCF 8.47
Debt/EBITDA 3.22
Cap/Depr 126.06%
Cap/Sales 13.23%
Interest Coverage 250
Cash Conversion 88.86%
Profit Quality 96.45%
Current Ratio 0.3
Quick Ratio 0.26
Altman-Z 1.32
F-Score7
WACC7.14%
ROIC/WACC1.29
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)40.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%53.85%
EPS Next Y-0.93%
EPS Next 2Y7.43%
EPS Next 3Y10.37%
EPS Next 5Y12.25%
Revenue 1Y (TTM)6.1%
Revenue growth 3Y29.82%
Revenue growth 5Y36.61%
Sales Q2Q%6.11%
Revenue Next Year4.48%
Revenue Next 2Y4%
Revenue Next 3Y4%
Revenue Next 5Y3.92%
EBIT growth 1Y18.35%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year65.37%
EBIT Next 3Y23.68%
EBIT Next 5Y16.77%
FCF growth 1Y127.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.87%
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 7 / 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.