CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CCL - PA1436583006 - Common Stock
30.99 USD
-0.62 (-1.96%)
30.9901 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to CCL. CCL was compared to 133 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
CCL had negative earnings in 4 of the past 5 years.
In multiple years CCL reported negative operating cash flow during the last 5 years.
1.2 Ratios
CCL has a better Return On Assets (5.20%) than 69.17% of its industry peers.
The Return On Equity of CCL (22.15%) is better than 79.70% of its industry peers.
CCL has a Return On Invested Capital of 8.64%. This is in the better half of the industry: CCL outperforms 69.17% 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
CCL has a Profit Margin of 10.07%. This is in the better half of the industry: CCL outperforms 75.94% of its industry peers.
In the last couple of years the Profit Margin of CCL has declined.
CCL has a better Operating Margin (16.43%) than 72.93% of its industry peers.
In the last couple of years the Operating Margin of CCL has declined.
The Gross Margin of CCL (54.22%) is better than 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CCL is creating some value.
There is no outstanding debt for CCL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of 1.38, we must say that CCL is in the distress zone and has some risk of bankruptcy.
CCL has a Altman-Z score (1.38) which is in line with its industry peers.
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.
CCL's Debt to FCF ratio of 9.08 is fine compared to the rest of the industry. CCL outperforms 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.
Looking at the Debt to Equity ratio, with a value of 2.10, CCL is in line with its industry, outperforming 51.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Altman-Z | 1.38 |
ROIC/WACC1.1
WACC7.83%
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.
The Current ratio of CCL (0.34) is worse than 86.47% of its industry peers.
CCL has a Quick 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 Quick ratio (0.30) than 81.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 63.04% over the past year.
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
Based on estimates for the next years, CCL will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.02% on average per year.
Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 3.72% on average per year.
EPS Next Y9.87%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
EPS Next 5Y12.02%
Revenue Next Year4.13%
Revenue Next 2Y3.86%
Revenue Next 3Y3.89%
Revenue Next 5Y3.72%
3.3 Evolution
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.77, the valuation of CCL can be described as correct.
82.71% of the companies in the same industry are more expensive than CCL, based on the Price/Earnings ratio.
CCL is valuated rather cheaply when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.54, the valuation of CCL can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 83.46% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CCL to the average of the S&P500 Index (23.98), we can say CCL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 12.54 |
4.2 Price Multiples
70.68% 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 86.47% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.96 | ||
| EV/EBITDA | 9.42 |
4.3 Compensation for Growth
CCL's 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)1.4
PEG (5Y)N/A
EPS Next 2Y11.68%
EPS Next 3Y12.25%
5. Dividend
5.1 Amount
CCL has a Yearly Dividend Yield of 1.89%.
Compared to an average industry Dividend Yield of 6.32, CCL pays a bit more dividend than its industry peers.
CCL's Dividend Yield is comparable with the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
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
5.3 Sustainability
DP0%
EPS Next 2Y11.68%
EPS Next 3Y12.25%
30.99
-0.62 (-1.96%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners73.71%
Inst Owner Change0.13%
Ins Owners8.31%
Ins Owner Change-0.01%
Market Cap40.69B
Revenue(TTM)N/A
Net Income(TTM)2.64B
Analysts81.25
Price Target35.76 (15.39%)
Short Float %4%
Short Ratio1.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)1.26%
PT rev (3m)4.64%
EPS NQ rev (1m)-0.98%
EPS NQ rev (3m)22.63%
EPS NY rev (1m)0.23%
EPS NY rev (3m)7.53%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)0.91%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 12.54 | ||
| P/S | 1.55 | ||
| P/FCF | 13.96 | ||
| P/OCF | 7.25 | ||
| P/B | 3.41 | ||
| P/tB | 4 | ||
| EV/EBITDA | 9.42 |
EPS(TTM)2.25
EY7.26%
EPS(NY)2.47
Fwd EY7.98%
FCF(TTM)2.22
FCFY7.16%
OCF(TTM)4.27
OCFY13.79%
SpS19.97
BVpS9.08
TBVpS7.74
PEG (NY)1.4
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 | 1.38 |
F-Score8
WACC7.83%
ROIC/WACC1.1
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 5Y12.02%
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 5Y3.72%
EBIT growth 1Y26.81%
EBIT growth 3YN/A
EBIT growth 5Y1.76%
EBIT Next Year101.07%
EBIT Next 3Y31.79%
EBIT Next 5Y21.03%
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 of CARNIVAL CORP (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.
Can you provide the PE and PB ratios for CCL stock?
The Price/Earnings (PE) ratio for CARNIVAL CORP (CCL) is 13.77 and the Price/Book (PB) ratio is 3.41.
Is the dividend of CARNIVAL CORP sustainable?
The dividend rating of CARNIVAL CORP (CCL) is 3 / 10 and the dividend payout ratio is 0%.