CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CCL - PA1436583006 - Common Stock
30.7 USD
-0.55 (-1.76%)
30.67 USD
-0.03 (-0.1%)
Overall CCL gets a fundamental rating of 3 out of 10. We evaluated CCL against 133 industry peers in the Hotels, Restaurants & Leisure industry. While CCL is still in line with the averages on profitability rating, there are concerns on its financial health. CCL has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CCL was profitable.
CCL had a positive operating cash flow in the past year.
In the past 5 years CCL reported 4 times negative net income.
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 has a better Return On Assets (5.20%) than 68.42% of its industry peers.
CCL has a Return On Equity of 22.15%. This is in the better half of the industry: CCL outperforms 79.70% of its industry peers.
The Return On Invested Capital of CCL (8.64%) is better than 68.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 22.15% | ||
| ROIC | 8.64% |
ROA(3y)-2.68%
ROA(5y)-8.99%
ROE(3y)-22.2%
ROE(5y)-38.93%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of CCL (10.07%) is better than 74.44% of its industry peers.
In the last couple of years the Profit Margin of CCL has declined.
CCL's Operating Margin of 16.43% is fine compared to the rest of the industry. CCL outperforms 72.93% of its industry peers.
CCL's Operating Margin has declined in the last couple of years.
CCL's Gross Margin of 54.22% is fine compared to the rest of the industry. CCL outperforms 63.91% of its industry peers.
In the last couple of years the Gross Margin of CCL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.43% | ||
| PM (TTM) | 10.07% | ||
| GM | 54.22% |
OM growth 3YN/A
OM growth 5Y-1.91%
PM growth 3YN/A
PM growth 5Y-11.81%
GM growth 3YN/A
GM growth 5Y6.74%
2. Health
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.
CCL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
CCL has an Altman-Z score of 1.37. This is a bad value and indicates that CCL is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of CCL (1.37) is comparable to the rest of the industry.
CCL has a debt to FCF ratio of 9.08. This is a negative value and a sign of low solvency as CCL would need 9.08 years to pay back of all of its debts.
The Debt to FCF ratio of CCL (9.08) is better than 63.91% of its industry peers.
A Debt/Equity ratio of 2.10 is on the high side and indicates that CCL has dependencies on debt financing.
CCL has a Debt to Equity ratio (2.10) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Altman-Z | 1.37 |
ROIC/WACC1.07
WACC8.08%
2.3 Liquidity
CCL has a Current Ratio of 0.34. 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 Current ratio (0.34) than 87.22% of its industry peers.
A Quick Ratio of 0.30 indicates that CCL may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.30, CCL is doing worse than 83.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.3 |
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.
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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 10.68% yearly.
Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 4.35% on average per year.
EPS Next Y9.87%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
EPS Next 5Y10.68%
Revenue Next Year4.13%
Revenue Next 2Y3.86%
Revenue Next 3Y3.89%
Revenue Next 5Y4.35%
3.3 Evolution
4. Valuation
4.1 Price/Earnings Ratio
CCL is valuated correctly with a Price/Earnings ratio of 13.64.
Based on the Price/Earnings ratio, CCL is valued a bit cheaper than 79.70% of the companies in the same industry.
CCL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.57, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 12.42 indicates a correct valuation of CCL.
Based on the Price/Forward Earnings ratio, CCL is valued cheaply inside the industry as 81.20% of the companies are valued more expensively.
CCL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.64 | ||
| Fwd PE | 12.42 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CCL indicates a somewhat cheap valuation: CCL is cheaper than 69.92% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CCL is valued cheaper than 86.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.83 | ||
| EV/EBITDA | 9.35 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as CCL's earnings are expected to grow with 12.25% in the coming years.
PEG (NY)1.38
PEG (5Y)N/A
EPS Next 2Y11.68%
EPS Next 3Y12.25%
5. Dividend
5.1 Amount
CCL has a Yearly Dividend Yield of 1.92%. Purely for dividend investing, there may be better candidates out there.
CCL's Dividend Yield is a higher than the industry average which is at 1.53.
CCL's Dividend Yield is comparable with the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
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
5.3 Sustainability
DP0%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
30.7
-0.55 (-1.76%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners73.59%
Inst Owner Change5.05%
Ins Owners8.3%
Ins Owner Change-0.01%
Market Cap40.31B
Revenue(TTM)N/A
Net Income(TTM)2.64B
Analysts81.25
Price Target35.76 (16.48%)
Short Float %5.36%
Short Ratio2.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.85%
Min EPS beat(2)6.99%
Max EPS beat(2)42.71%
EPS beat(4)4
Avg EPS beat(4)166.16%
Min EPS beat(4)6.99%
Max EPS beat(4)531.88%
EPS beat(8)8
Avg EPS beat(8)187.48%
EPS beat(12)12
Avg EPS beat(12)127.98%
EPS beat(16)12
Avg EPS beat(16)72.25%
Revenue beat(2)1
Avg Revenue beat(2)0.25%
Min Revenue beat(2)-0.43%
Max Revenue beat(2)0.93%
Revenue beat(4)2
Avg Revenue beat(4)-0.08%
Min Revenue beat(4)-0.88%
Max Revenue beat(4)0.93%
Revenue beat(8)4
Avg Revenue beat(8)-0.04%
Revenue beat(12)7
Avg Revenue beat(12)0.13%
Revenue beat(16)7
Avg Revenue beat(16)-4%
PT rev (1m)-0.5%
PT rev (3m)5.44%
EPS NQ rev (1m)0.84%
EPS NQ rev (3m)26.71%
EPS NY rev (1m)0.21%
EPS NY rev (3m)7.57%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)1.2%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.64 | ||
| Fwd PE | 12.42 | ||
| P/S | 1.54 | ||
| P/FCF | 13.83 | ||
| P/OCF | 7.18 | ||
| P/B | 3.38 | ||
| P/tB | 3.96 | ||
| EV/EBITDA | 9.35 |
EPS(TTM)2.25
EY7.33%
EPS(NY)2.47
Fwd EY8.05%
FCF(TTM)2.22
FCFY7.23%
OCF(TTM)4.27
OCFY13.92%
SpS19.97
BVpS9.08
TBVpS7.74
PEG (NY)1.38
PEG (5Y)N/A
Graham Number21.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 22.15% | ||
| ROCE | 10.94% | ||
| ROIC | 8.64% | ||
| ROICexc | 9.05% | ||
| ROICexgc | 9.49% | ||
| OM | 16.43% | ||
| PM (TTM) | 10.07% | ||
| GM | 54.22% | ||
| FCFM | 11.11% |
ROA(3y)-2.68%
ROA(5y)-8.99%
ROE(3y)-22.2%
ROE(5y)-38.93%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-0.03%
ROICexc growth 3YN/A
ROICexc growth 5Y1.43%
OM growth 3YN/A
OM growth 5Y-1.91%
PM growth 3YN/A
PM growth 5Y-11.81%
GM growth 3YN/A
GM growth 5Y6.74%
F-Score8
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Debt/EBITDA | 3.56 | ||
| Cap/Depr | 99.05% | ||
| Cap/Sales | 10.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.81% | ||
| Profit Quality | 110.33% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | 1.37 |
F-Score8
WACC8.08%
ROIC/WACC1.07
Cap/Depr(3y)178.87%
Cap/Depr(5y)171.94%
Cap/Sales(3y)24.77%
Cap/Sales(5y)65.61%
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 Y9.87%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
EPS Next 5Y10.68%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.6%
Revenue Next Year4.13%
Revenue Next 2Y3.86%
Revenue Next 3Y3.89%
Revenue Next 5Y4.35%
EBIT growth 1Y26.81%
EBIT growth 3YN/A
EBIT growth 5Y1.76%
EBIT Next Year100.67%
EBIT Next 3Y31.17%
EBIT Next 5Y19.74%
FCF growth 1Y631.93%
FCF growth 3YN/A
FCF growth 5Y94.16%
OCF growth 1Y73.1%
OCF growth 3YN/A
OCF growth 5Y1.58%
CARNIVAL CORP / CCL FAQ
What is the ChartMill fundamental rating of CARNIVAL CORP (CCL) stock?
ChartMill assigns a fundamental rating of 3 / 10 to CCL.
What is the valuation status for CCL stock?
ChartMill assigns a valuation rating of 6 / 10 to CARNIVAL CORP (CCL). This can be considered as Fairly Valued.
How profitable is CARNIVAL CORP (CCL) stock?
CARNIVAL CORP (CCL) has a profitability rating of 4 / 10.
How financially healthy is CARNIVAL CORP?
The financial health rating of CARNIVAL CORP (CCL) is 2 / 10.
How sustainable is the dividend of CARNIVAL CORP (CCL) stock?
The dividend rating of CARNIVAL CORP (CCL) is 3 / 10 and the dividend payout ratio is 0%.