CARNIVAL CORP (CCL) Stock Fundamental Analysis
NYSE:CCL - New York Stock Exchange, Inc. - PA1436583006 - Common Stock - Currency: USD
Overall CCL gets a fundamental rating of 3 out of 10. We evaluated CCL against 135 industry peers in the Hotels, Restaurants & Leisure industry. CCL has a medium profitability rating, but doesn't score so well on its financial health evaluation. CCL is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CCL had positive earnings in the past year.
In the past year CCL had a positive cash flow from operations.
In the past 5 years CCL always reported negative net income.
CCL had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
CCL's Return On Assets of 3.14% is in line compared to the rest of the industry. CCL outperforms 58.02% of its industry peers.
The Return On Equity of CCL (18.20%) is better than 77.86% of its industry peers.
CCL's Return On Invested Capital of 7.15% is in line compared to the rest of the industry. CCL outperforms 58.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 18.2% | ||
| ROIC | 7.15% |
ROA(3y)-9.92%
ROA(5y)-8.44%
ROE(3y)-55.18%
ROE(5y)-40.71%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of CCL (6.39%) is better than 64.12% of its industry peers.
CCL has a Operating Margin of 13.88%. This is in the better half of the industry: CCL outperforms 64.12% of its industry peers.
CCL's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 51.97%, CCL is doing good in the industry, outperforming 61.07% of the companies in the same industry.
CCL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.88% | ||
| PM (TTM) | 6.39% | ||
| GM | 51.97% |
OM growth 3YN/A
OM growth 5Y-12.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y49.2%
GM growth 5Y3.73%
2. Health
2.1 Basic Checks
CCL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying 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
Based on the Altman-Z score of 1.03, 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 1.03, CCL is doing worse than 68.70% of the companies in the same industry.
The Debt to FCF ratio of CCL is 23.59, which is on the high side as it means it would take CCL, 23.59 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 23.59, CCL is in line with its industry, outperforming 44.27% of the companies in the same industry.
A Debt/Equity ratio of 3.10 is on the high side and indicates that CCL has dependencies on debt financing.
CCL has a Debt to Equity ratio (3.10) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.1 | ||
| Debt/FCF | 23.59 | ||
| Altman-Z | 1.03 |
ROIC/WACC0.78
WACC9.17%
2.3 Liquidity
A Current Ratio of 0.30 indicates that CCL may have some problems paying its short term obligations.
CCL's Current ratio of 0.30 is on the low side compared to the rest of the industry. CCL is outperformed by 93.89% 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 Quick ratio of 0.26. This is amonst the worse of the industry: CCL underperforms 92.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 2071.43% over the past year.
CCL shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -20.70% yearly.
EPS 1Y (TTM)2071.43%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%300%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.02%
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 17.96% yearly.
Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 3.88% on average per year.
EPS Next Y28.86%
EPS Next 2Y23.11%
EPS Next 3Y20.6%
EPS Next 5Y17.96%
Revenue Next Year4.22%
Revenue Next 2Y4.03%
Revenue Next 3Y3.71%
Revenue Next 5Y3.88%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 16.83 indicates a correct valuation of CCL.
Compared to the rest of the industry, the Price/Earnings ratio of CCL indicates a somewhat cheap valuation: CCL is cheaper than 77.86% of the companies listed in the same industry.
CCL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.63.
With a Price/Forward Earnings ratio of 13.06, CCL is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 86.26% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, CCL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.83 | ||
| Fwd PE | 13.06 |
4.2 Price Multiples
CCL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CCL is cheaper than 70.99% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CCL is valued a bit cheaper than 71.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.85 | ||
| EV/EBITDA | 10.1 |
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's earnings are expected to grow with 20.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.58
PEG (5Y)N/A
EPS Next 2Y23.11%
EPS Next 3Y20.6%
5. Dividend
5.1 Amount
CCL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
23.22
-1.34 (-5.46%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners62.09%
Inst Owner Change4.97%
Ins Owners7.64%
Ins Owner Change-0.02%
Market Cap30.40B
Analysts81.33
Price Target29.88 (28.68%)
Short Float %6.07%
Short Ratio3.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
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)383.54%
Min EPS beat(2)8.2%
Max EPS beat(2)758.87%
EPS beat(4)4
Avg EPS beat(4)208.79%
Min EPS beat(4)8.2%
Max EPS beat(4)758.87%
EPS beat(8)8
Avg EPS beat(8)108.9%
EPS beat(12)8
Avg EPS beat(12)40.95%
EPS beat(16)8
Avg EPS beat(16)27.79%
Revenue beat(2)1
Avg Revenue beat(2)0.32%
Min Revenue beat(2)-0.1%
Max Revenue beat(2)0.75%
Revenue beat(4)2
Avg Revenue beat(4)0%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)0.75%
Revenue beat(8)5
Avg Revenue beat(8)0.23%
Revenue beat(12)5
Avg Revenue beat(12)-5.3%
Revenue beat(16)5
Avg Revenue beat(16)-19.93%
PT rev (1m)6.4%
PT rev (3m)23.22%
EPS NQ rev (1m)8.78%
EPS NQ rev (3m)15.66%
EPS NY rev (1m)0%
EPS NY rev (3m)0.23%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.83 | ||
| Fwd PE | 13.06 | ||
| P/S | 1.24 | ||
| P/FCF | 24.85 | ||
| P/OCF | 5.12 | ||
| P/B | 3.54 | ||
| P/tB | 4.44 | ||
| EV/EBITDA | 10.1 |
EPS(TTM)1.38
EY5.94%
EPS(NY)1.78
Fwd EY7.66%
FCF(TTM)0.93
FCFY4.02%
OCF(TTM)4.53
OCFY19.52%
SpS18.7
BVpS6.57
TBVpS5.23
PEG (NY)0.58
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 18.2% | ||
| ROCE | 9.05% | ||
| ROIC | 7.15% | ||
| ROICexc | 7.45% | ||
| ROICexgc | 7.83% | ||
| OM | 13.88% | ||
| PM (TTM) | 6.39% | ||
| GM | 51.97% | ||
| FCFM | 5% |
ROA(3y)-9.92%
ROA(5y)-8.44%
ROE(3y)-55.18%
ROE(5y)-40.71%
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
ROICexcg growth 3YN/A
ROICexcg growth 5Y-12.64%
ROICexc growth 3YN/A
ROICexc growth 5Y-11.2%
OM growth 3YN/A
OM growth 5Y-12.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y49.2%
GM growth 5Y3.73%
F-Score7
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.1 | ||
| Debt/FCF | 23.59 | ||
| Debt/EBITDA | 4.52 | ||
| Cap/Depr | 188.81% | ||
| Cap/Sales | 19.24% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 100.68% | ||
| Profit Quality | 78.15% | ||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | 1.03 |
F-Score7
WACC9.17%
ROIC/WACC0.78
Cap/Depr(3y)172.41%
Cap/Depr(5y)186.02%
Cap/Sales(3y)81.62%
Cap/Sales(5y)67.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2071.43%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%300%
EPS Next Y28.86%
EPS Next 2Y23.11%
EPS Next 3Y20.6%
EPS Next 5Y17.96%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.02%
Revenue Next Year4.22%
Revenue Next 2Y4.03%
Revenue Next 3Y3.71%
Revenue Next 5Y3.88%
EBIT growth 1Y291.02%
EBIT growth 3YN/A
EBIT growth 5Y-10.07%
EBIT Next Year240.77%
EBIT Next 3Y58.47%
EBIT Next 5Y33.74%
FCF growth 1Y119.83%
FCF growth 3YN/A
FCF growth 5Y-11.14%
OCF growth 1Y408.8%
OCF growth 3YN/A
OCF growth 5Y-5.06%