CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CCL - PA1436583006 - Common Stock
28.03 USD
-0.17 (-0.6%)
28.25 USD
+0.22 (+0.78%)
CCL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 132 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 quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
CCL had positive earnings in the past year.
CCL had a positive operating cash flow in the past year.
CCL had negative earnings in 4 of the past 5 years.
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
With a decent Return On Assets value of 5.20%, CCL is doing good in the industry, outperforming 68.18% of the companies in the same industry.
Looking at the Return On Equity, with a value of 22.15%, CCL is in the better half of the industry, outperforming 79.55% of the companies in the same industry.
CCL has a better Return On Invested Capital (8.64%) than 68.18% 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 74.24% 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 72.73% of its industry peers.
In the last couple of years the Operating Margin of CCL has declined.
CCL has a better Gross Margin (54.22%) than 63.64% 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.
The number of shares outstanding for CCL has been increased compared to 1 year ago.
Compared to 5 years ago, CCL has more shares outstanding
Compared to 1 year ago, CCL has an improved debt to assets ratio.
2.2 Solvency
CCL has an Altman-Z score of 1.31. This is a bad value and indicates that CCL is not financially healthy and even has some risk of bankruptcy.
CCL's Altman-Z score of 1.31 is in line compared to the rest of the industry. CCL outperforms 40.91% of its industry peers.
The Debt to FCF ratio of CCL is 9.08, which is on the high side as it means it would take CCL, 9.08 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.08, CCL is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
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 in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Altman-Z | 1.31 |
ROIC/WACC1.07
WACC8.05%
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 87.88% of its industry peers.
A Quick Ratio of 0.30 indicates that CCL may have some problems paying its short term obligations.
CCL has a Quick ratio of 0.30. This is amonst the worse of the industry: CCL underperforms 84.09% 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 75.21% over the past year.
Measured over the past years, CCL shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -20.70% on average per year.
CCL shows a small growth in Revenue. In the last year, the Revenue has grown by 7.15%.
Measured over the past years, CCL shows a small growth in Revenue. The Revenue has been growing by 3.74% on average per year.
EPS 1Y (TTM)75.21%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%12.6%
Revenue 1Y (TTM)7.15%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%3.25%
3.2 Future
CCL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.30% yearly.
Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 4.40% on average per year.
EPS Next Y56.86%
EPS Next 2Y33.37%
EPS Next 3Y26.42%
EPS Next 5Y20.3%
Revenue Next Year6.6%
Revenue Next 2Y5.46%
Revenue Next 3Y4.79%
Revenue Next 5Y4.4%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.67, the valuation of CCL can be described as correct.
CCL's Price/Earnings ratio is rather cheap when compared to the industry. CCL is cheaper than 80.30% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.22. CCL is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 11.42, the valuation of CCL can be described as reasonable.
CCL's Price/Forward Earnings ratio is rather cheap when compared to the industry. CCL is cheaper than 83.33% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CCL to the average of the S&P500 Index (23.58), we can say CCL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.67 | ||
| Fwd PE | 11.42 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CCL is valued a bit cheaper than the industry average as 74.24% of the companies are valued more expensively.
89.39% of the companies in the same industry are more expensive than CCL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.63 | ||
| EV/EBITDA | 8.75 |
4.3 Compensation for Growth
CCL's 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 26.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y33.37%
EPS Next 3Y26.42%
5. Dividend
5.1 Amount
No dividends for CCL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
28.03
-0.17 (-0.6%)
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 Cap36.81B
Revenue(TTM)26.23B
Net Income(TTM)2.64B
Analysts81.25
Price Target35.31 (25.97%)
Short Float %5.36%
Short Ratio2.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)1.08%
EPS NQ rev (3m)27.02%
EPS NY rev (1m)0.21%
EPS NY rev (3m)7.57%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)1.23%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.67 | ||
| Fwd PE | 11.42 | ||
| P/S | 1.4 | ||
| P/FCF | 12.63 | ||
| P/OCF | 6.56 | ||
| P/B | 3.09 | ||
| P/tB | 3.62 | ||
| EV/EBITDA | 8.75 |
EPS(TTM)2.05
EY7.31%
EPS(NY)2.45
Fwd EY8.76%
FCF(TTM)2.22
FCFY7.92%
OCF(TTM)4.27
OCFY15.25%
SpS19.97
BVpS9.08
TBVpS7.74
PEG (NY)0.24
PEG (5Y)N/A
Graham Number20.47
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 | 1.31 |
F-Score8
WACC8.05%
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)75.21%
EPS 3YN/A
EPS 5Y-20.7%
EPS Q2Q%12.6%
EPS Next Y56.86%
EPS Next 2Y33.37%
EPS Next 3Y26.42%
EPS Next 5Y20.3%
Revenue 1Y (TTM)7.15%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%3.25%
Revenue Next Year6.6%
Revenue Next 2Y5.46%
Revenue Next 3Y4.79%
Revenue Next 5Y4.4%
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 4 / 10 to CCL.
What is the valuation status for CCL stock?
ChartMill assigns a valuation rating of 7 / 10 to CARNIVAL CORP (CCL). This can be considered as Undervalued.
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 0 / 10 and the dividend payout ratio is 0%.