CARNIVAL CORP (CCL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CCL - PA1436583006 - Common Stock
28.69 USD
+0.02 (+0.07%)
28.6993 USD
+0.01 (+0.03%)
Taking everything into account, CCL scores 5 out of 10 in our fundamental rating. CCL was compared to 132 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of CCL while its profitability can be described as average. CCL scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
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 multiple years CCL reported negative net income over the last 5 years.
- In multiple years CCL reported negative operating cash flow during the last 5 years.
1.2 Ratios
- With a decent Return On Assets value of 5.20%, CCL is doing good in the industry, outperforming 68.94% of the companies in the same industry.
- With an excellent Return On Equity value of 22.15%, CCL belongs to the best of the industry, outperforming 80.30% of the companies in the same industry.
- CCL's Return On Invested Capital of 8.64% is fine compared to the rest of the industry. CCL outperforms 68.94% of its industry peers.
- CCL had an Average Return On Invested Capital over the past 3 years of 6.94%. This is below the industry average of 10.37%.
- The last Return On Invested Capital (8.64%) for CCL is above the 3 year average (6.94%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 22.15% | ||
| ROIC | 8.64% |
ROA(3y)3.03%
ROA(5y)-4.1%
ROE(3y)14.03%
ROE(5y)-24.47%
ROIC(3y)6.94%
ROIC(5y)N/A
1.3 Margins
- The Profit Margin of CCL (10.07%) is better than 75.76% of its industry peers.
- Looking at the Operating Margin, with a value of 16.43%, CCL is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
- CCL has a Gross Margin of 54.22%. This is in the better half of the industry: CCL outperforms 64.39% of its industry peers.
- CCL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.43% | ||
| PM (TTM) | 10.07% | ||
| GM | 54.22% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.49%
GM growth 5Y29.69%
2. Health
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.
- Compared to 1 year ago, CCL has more shares outstanding
- 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
- Based on the Altman-Z score of 1.32, we must say that CCL is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 1.32, CCL perfoms like the industry average, outperforming 43.18% of the companies in the same industry.
- 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 63.64% of its industry peers.
- CCL has a Debt/Equity ratio of 2.10. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 2.10, CCL is in line with its industry, outperforming 50.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 9.08 | ||
| Altman-Z | 1.32 |
ROIC/WACC1.13
WACC7.68%
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's Current ratio of 0.34 is on the low side compared to the rest of the industry. CCL is outperformed by 86.36% of its industry peers.
- A Quick Ratio of 0.30 indicates that CCL may have some problems paying its short term obligations.
- With a Quick ratio value of 0.30, CCL is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
| 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.
- CCL shows a small growth in Revenue. In the last year, the Revenue has grown by 6.39%.
- The Revenue has been growing by 36.61% on average over the past years. This is a very strong growth!
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 12.02% 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 Y14.16%
EPS Next 2Y12.89%
EPS Next 3Y13.05%
EPS Next 5Y12.02%
Revenue Next Year4.43%
Revenue Next 2Y4.05%
Revenue Next 3Y4.13%
Revenue Next 5Y3.72%
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- CCL is valuated correctly with a Price/Earnings ratio of 12.75.
- CCL's Price/Earnings ratio is rather cheap when compared to the industry. CCL is cheaper than 84.09% of the companies in the same industry.
- When comparing the Price/Earnings ratio of CCL to the average of the S&P500 Index (28.87), we can say CCL is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 11.17, the valuation of CCL can be described as reasonable.
- Based on the Price/Forward Earnings ratio, CCL is valued cheaply inside the industry as 84.85% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of CCL to the average of the S&P500 Index (25.96), we can say CCL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.75 | ||
| Fwd PE | 11.17 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CCL is valued a bit cheaper than the industry average as 71.97% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of CCL indicates a rather cheap valuation: CCL is cheaper than 89.39% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.92 | ||
| EV/EBITDA | 8.87 |
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 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 13.05% in the coming years.
PEG (NY)0.9
PEG (5Y)N/A
EPS Next 2Y12.89%
EPS Next 3Y13.05%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.11%, CCL has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 1.21, CCL pays a better dividend. On top of this CCL pays more dividend than 81.06% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
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
5.3 Sustainability
DP0%
EPS Next 2Y12.89%
EPS Next 3Y13.05%
CARNIVAL CORP / CCL 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.
How profitable is CARNIVAL CORP (CCL) stock?
CARNIVAL CORP (CCL) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for CCL stock?
The Price/Earnings (PE) ratio for CARNIVAL CORP (CCL) is 12.75 and the Price/Book (PB) ratio is 3.16.
Is the dividend of CARNIVAL CORP sustainable?
The dividend rating of CARNIVAL CORP (CCL) is 4 / 10 and the dividend payout ratio is 0%.