CARNIVAL CORP (CCL) Fundamental Analysis & Valuation

NYSE:CCL • PA1436583006

Current stock price

28.82 USD
+0.13 (+0.45%)
At close:
28.87 USD
+0.05 (+0.17%)
Pre-Market:

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.
  • 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.
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

  • With a decent Return On Assets value of 6.01%, CCL is doing good in the industry, outperforming 73.81% of the companies in the same industry.
  • With an excellent Return On Equity value of 23.77%, CCL belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • 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.
  • The Average Return On Invested Capital over the past 3 years for CCL is below the industry average of 10.55%.
  • The 3 year average ROIC (6.94%) for CCL is below the current ROIC(9.18%), indicating increased profibility in the last year.
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

  • Looking at the Profit Margin, with a value of 11.48%, CCL is in the better half of the industry, outperforming 79.37% of the companies in the same industry.
  • With a decent Operating Margin value of 16.86%, CCL is doing good in the industry, outperforming 76.98% of the companies in the same industry.
  • Looking at the Gross Margin, with a value of 55.19%, CCL is in the better half of the industry, outperforming 67.46% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CCL has grown nicely.
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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CCL is still creating some value.
  • The number of shares outstanding for CCL has been increased compared to 1 year ago.
  • The number of shares outstanding for CCL has been increased compared to 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 1.36, 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 1.36, CCL is in line with its industry, outperforming 40.48% of the companies in the same 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.
  • CCL has a Debt to FCF ratio of 8.47. This is in the better half of the industry: CCL outperforms 62.70% of its industry peers.
  • A Debt/Equity ratio of 1.83 is on the high side and indicates that CCL has dependencies on debt financing.
  • CCL has a Debt to Equity ratio (1.83) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.83
Debt/FCF 8.47
Altman-Z 1.36
ROIC/WACC1.32
WACC6.97%
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

  • CCL has a Current Ratio of 0.30. 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 0.30, CCL is doing worse than 92.86% of the companies in the same industry.
  • CCL has a Quick Ratio of 0.30. 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's Quick ratio of 0.26 is on the low side compared to the rest of the industry. CCL is outperformed by 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.
  • CCL shows a small growth in Revenue. In the last year, the Revenue has grown by 6.10%.
  • The Revenue has been growing by 36.61% on average over the past years. This is a very strong growth!
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.
  • CCL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.92% yearly.
EPS Next Y-0.93%
EPS Next 2Y7.43%
EPS Next 3Y10.37%
EPS Next 5Y12.25%
Revenue Next Year4.55%
Revenue Next 2Y4.05%
Revenue Next 3Y4.05%
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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7

4. CCL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.42 indicates a correct valuation of CCL.
  • Based on the Price/Earnings ratio, CCL is valued cheaply inside the industry as 84.13% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of CCL to the average of the S&P500 Index (27.38), we can say CCL is valued rather cheaply.
  • A Price/Forward Earnings ratio of 11.10 indicates a reasonable valuation of CCL.
  • Based on the Price/Forward Earnings ratio, CCL is valued cheaply inside the industry as 89.68% of the companies are valued more expensively.
  • CCL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.20.
Industry RankSector Rank
PE 12.42
Fwd PE 11.1
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

  • 76.98% of the companies in the same industry are more expensive than CCL, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 86.51% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.36
EV/EBITDA 8.64
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 2.15%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.09, CCL pays a better dividend. On top of this CCL pays more dividend than 81.75% of the companies listed in the same industry.
  • CCL's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.15%

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

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 (4/15/2026, 8:04:00 PM)

Premarket: 28.87 +0.05 (+0.17%)

28.82

+0.13 (+0.45%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)03-27
Earnings (Next)06-22
Inst Owners70.61%
Inst Owner Change-2.25%
Ins Owners7.83%
Ins Owner Change0.46%
Market Cap39.92B
Revenue(TTM)26.98B
Net Income(TTM)3.10B
Analysts81.88
Price Target35.23 (22.24%)
Short Float %3.78%
Short Ratio1.61
Dividend
Industry RankSector Rank
Dividend Yield 2.15%
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)-1.47%
EPS NQ rev (1m)-30.7%
EPS NQ rev (3m)-30.56%
EPS NY rev (1m)-13.5%
EPS NY rev (3m)-9.82%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)0.15%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.41%
Valuation
Industry RankSector Rank
PE 12.42
Fwd PE 11.1
P/S 1.48
P/FCF 13.36
P/OCF 6.09
P/B 3.06
P/tB 3.54
EV/EBITDA 8.64
EPS(TTM)2.32
EY8.05%
EPS(NY)2.6
Fwd EY9.01%
FCF(TTM)2.16
FCFY7.48%
OCF(TTM)4.73
OCFY16.43%
SpS19.48
BVpS9.41
TBVpS8.14
PEG (NY)N/A
PEG (5Y)N/A
Graham Number22.1604 (-23.11%)
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 1.36
F-Score7
WACC6.97%
ROIC/WACC1.32
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 Year4.55%
Revenue Next 2Y4.05%
Revenue Next 3Y4.05%
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.