CARNIVAL CORP (CCL) Fundamental Analysis & Valuation

NYSE:CCL • PA1436583006

Current stock price

25.655 USD
-0.92 (-3.48%)
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.
  • 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 Return On Assets of 5.34%. This is in the better half of the industry: CCL outperforms 73.81% of its industry peers.
  • CCL has a Return On Equity of 22.48%. This is amongst the best in the industry. CCL outperforms 81.75% of its industry peers.
  • The Return On Invested Capital of CCL (9.18%) is better than 68.25% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CCL is below the industry average of 10.68%.
  • 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.
  • CCL's Operating Margin of 16.84% is fine compared to the rest of the industry. CCL outperforms 75.40% of its industry peers.
  • CCL has a Gross Margin of 54.76%. This is in the better half of the industry: CCL outperforms 65.08% of its industry peers.
  • In the last couple of years the Gross Margin of CCL has grown nicely.
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

  • CCL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, CCL has more shares outstanding
  • CCL has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for CCL has been reduced compared to a year ago.
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 1.29. 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 (1.29) which is in line with its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 10.22, CCL is in line with its industry, outperforming 59.52% of the companies in the same industry.
  • CCL has a Debt/Equity ratio of 1.96. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.96, CCL perfoms like the industry average, outperforming 46.83% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF 10.22
Altman-Z 1.29
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 has a worse Current ratio (0.32) than 92.06% of its industry peers.
  • A Quick Ratio of 0.28 indicates that CCL may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.28, CCL is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
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

  • The Earnings Per Share has grown by an impressive 63.04% over the past year.
  • CCL shows a small growth in Revenue. In the last year, the Revenue has grown by 6.39%.
  • 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 12.25% on average per year.
  • CCL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.92% yearly.
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

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • Based on the Price/Earnings ratio of 11.40, the valuation of CCL can be described as reasonable.
  • 84.92% of the companies in the same industry are more expensive than CCL, based on the Price/Earnings ratio.
  • CCL is valuated cheaply when we compare the Price/Earnings ratio to 25.51, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 9.96, the valuation of CCL can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, CCL is valued cheaply inside the industry as 88.10% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of CCL to the average of the S&P500 Index (22.76), we can say CCL is valued rather cheaply.
Industry RankSector Rank
PE 11.4
Fwd PE 9.96
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

  • 76.98% of the companies in the same industry are more expensive than CCL, based on the Enterprise Value to EBITDA ratio.
  • CCL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CCL is cheaper than 84.13% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.63
EV/EBITDA 8.46
CCL Per share dataCCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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 13.11% in the coming years.
PEG (NY)0.78
PEG (5Y)N/A
EPS Next 2Y12.93%
EPS Next 3Y13.11%

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4

5. CCL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.37%, CCL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.10, CCL pays a better dividend. On top of this CCL pays more dividend than 82.54% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, CCL pays a bit more dividend than the S&P500 average.
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 (4/2/2026, 3:49:08 PM)

25.655

-0.92 (-3.48%)

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 Cap35.54B
Revenue(TTM)26.62B
Net Income(TTM)2.76B
Analysts81.25
Price Target37.27 (45.27%)
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 11.4
Fwd PE 9.96
P/S 1.33
P/FCF 13.63
P/OCF 5.71
P/B 2.89
P/tB 3.38
EV/EBITDA 8.46
EPS(TTM)2.25
EY8.77%
EPS(NY)2.58
Fwd EY10.04%
FCF(TTM)1.88
FCFY7.34%
OCF(TTM)4.49
OCFY17.5%
SpS19.22
BVpS8.87
TBVpS7.6
PEG (NY)0.78
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 1.29
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%.