CARNIVAL PLC-ADR (CUK) Stock Fundamental Analysis
NYSE:CUK - New York Stock Exchange, Inc. - US14365C1036 - ADR - Currency: USD
Overall CUK gets a fundamental rating of 4 out of 10. We evaluated CUK against 136 industry peers in the Hotels, Restaurants & Leisure industry. CUK has a medium profitability rating, but doesn't score so well on its financial health evaluation. A decent growth rate in combination with a cheap valuation! Better keep an eye on CUK.
1. Profitability
1.1 Basic Checks
CUK had positive earnings in the past year.
In the past year CUK had a positive cash flow from operations.
In the past 5 years CUK reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: CUK reported negative operating cash flow in multiple years.
1.2 Ratios
With a decent Return On Assets value of 4.23%, CUK is doing good in the industry, outperforming 63.97% of the companies in the same industry.
With a decent Return On Equity value of 22.35%, CUK is doing good in the industry, outperforming 79.41% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.21%, CUK is in the better half of the industry, outperforming 64.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.23% | ||
| ROE | 22.35% | ||
| ROIC | 8.21% |
ROA(3y)-2.68%
ROA(5y)-8.99%
ROE(3y)-22.21%
ROE(5y)-38.93%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CUK's Profit Margin of 8.07% is fine compared to the rest of the industry. CUK outperforms 67.65% of its industry peers.
In the last couple of years the Profit Margin of CUK has declined.
With a decent Operating Margin value of 15.11%, CUK is doing good in the industry, outperforming 66.91% of the companies in the same industry.
CUK's Operating Margin has declined in the last couple of years.
CUK has a Gross Margin of 38.26%. This is in the lower half of the industry: CUK underperforms 66.18% of its industry peers.
CUK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.11% | ||
| PM (TTM) | 8.07% | ||
| GM | 38.26% |
OM growth 3YN/A
OM growth 5Y-1.91%
PM growth 3YN/A
PM growth 5Y-11.81%
GM growth 3YN/A
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
CUK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CUK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CUK has more shares outstanding
Compared to 1 year ago, CUK has an improved debt to assets ratio.
2.2 Solvency
CUK has an Altman-Z score of 0.95. This is a bad value and indicates that CUK is not financially healthy and even has some risk of bankruptcy.
CUK has a Altman-Z score of 0.95. This is in the lower half of the industry: CUK underperforms 69.12% of its industry peers.
CUK has a debt to FCF ratio of 13.60. This is a negative value and a sign of low solvency as CUK would need 13.60 years to pay back of all of its debts.
CUK's Debt to FCF ratio of 13.60 is in line compared to the rest of the industry. CUK outperforms 50.74% of its industry peers.
CUK has a Debt/Equity ratio of 2.78. This is a high value indicating a heavy dependency on external financing.
CUK's Debt to Equity ratio of 2.78 is in line compared to the rest of the industry. CUK outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.78 | ||
| Debt/FCF | 13.6 | ||
| Altman-Z | 0.95 |
ROIC/WACC1.25
WACC6.58%
2.3 Liquidity
CUK has a Current Ratio of 0.26. This is a bad value and indicates that CUK is not financially healthy enough and could expect problems in meeting its short term obligations.
CUK has a Current ratio of 0.26. This is amonst the worse of the industry: CUK underperforms 93.38% of its industry peers.
A Quick Ratio of 0.21 indicates that CUK may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.21, CUK is doing worse than 94.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 414.02% over the past year.
CUK shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -20.48% yearly.
CUK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.66%.
The Revenue has been growing slightly by 3.74% on average over the past years.
EPS 1Y (TTM)414.02%
EPS 3YN/A
EPS 5Y-20.48%
EPS Q2Q%192.86%
Revenue 1Y (TTM)12.66%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%7.47%
3.2 Future
The Earnings Per Share is expected to grow by 19.02% on average over the next years. This is quite good.
Based on estimates for the next years, CUK will show a small growth in Revenue. The Revenue will grow by 4.23% on average per year.
EPS Next Y32.5%
EPS Next 2Y24.15%
EPS Next 3Y21.59%
EPS Next 5Y19.02%
Revenue Next Year4.76%
Revenue Next 2Y4.39%
Revenue Next 3Y4.23%
Revenue Next 5Y4.23%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
CUK is valuated reasonably with a Price/Earnings ratio of 9.84.
91.18% of the companies in the same industry are more expensive than CUK, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CUK to the average of the S&P500 Index (28.29), we can say CUK is valued rather cheaply.
CUK is valuated cheaply with a Price/Forward Earnings ratio of 7.64.
Based on the Price/Forward Earnings ratio, CUK is valued cheaper than 94.12% of the companies in the same industry.
CUK is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.08, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.84 | ||
| Fwd PE | 7.64 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CUK is valued cheaply inside the industry as 80.88% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CUK is valued cheaply inside the industry as 86.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.72 | ||
| EV/EBITDA | 7.37 |
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.
CUK's earnings are expected to grow with 21.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y24.15%
EPS Next 3Y21.59%
5. Dividend
5.1 Amount
CUK has a Yearly Dividend Yield of 3.91%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of CUK has falen by -30.61%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
CUK's Dividend Yield is rather good when compared to the industry average which is at 3.92. CUK pays more dividend than 88.24% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.52, CUK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
5.2 History
CUK 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 2Y24.15%
EPS Next 3Y21.59%
16.23
+0.11 (+0.68%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners46.68%
Inst Owner Change0.09%
Ins Owners0.6%
Ins Owner Change0.42%
Market Cap21.28B
Analysts78.95
Price Target27.05 (66.67%)
Short Float %3.59%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
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)265.26%
Min EPS beat(2)56.83%
Max EPS beat(2)473.7%
EPS beat(4)4
Avg EPS beat(4)409.19%
Min EPS beat(4)5.33%
Max EPS beat(4)1100.9%
EPS beat(8)8
Avg EPS beat(8)214.84%
EPS beat(12)10
Avg EPS beat(12)106.33%
EPS beat(16)11
Avg EPS beat(16)76.98%
Revenue beat(2)0
Avg Revenue beat(2)-2.86%
Min Revenue beat(2)-3.98%
Max Revenue beat(2)-1.74%
Revenue beat(4)0
Avg Revenue beat(4)-2.57%
Min Revenue beat(4)-3.98%
Max Revenue beat(4)-1.74%
Revenue beat(8)2
Avg Revenue beat(8)-1.8%
Revenue beat(12)3
Avg Revenue beat(12)-4.41%
Revenue beat(16)3
Avg Revenue beat(16)-10.51%
PT rev (1m)2.43%
PT rev (3m)20.11%
EPS NQ rev (1m)-5.23%
EPS NQ rev (3m)14.47%
EPS NY rev (1m)-5.52%
EPS NY rev (3m)8.07%
Revenue NQ rev (1m)0.33%
Revenue NQ rev (3m)4.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.84 | ||
| Fwd PE | 7.64 | ||
| P/S | 0.84 | ||
| P/FCF | 10.72 | ||
| P/OCF | 4.19 | ||
| P/B | 2.32 | ||
| P/tB | 2.86 | ||
| EV/EBITDA | 7.37 |
EPS(TTM)1.65
EY10.17%
EPS(NY)2.12
Fwd EY13.08%
FCF(TTM)1.51
FCFY9.33%
OCF(TTM)3.87
OCFY23.87%
SpS19.39
BVpS7
TBVpS5.67
PEG (NY)0.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.23% | ||
| ROE | 22.35% | ||
| ROCE | 10.4% | ||
| ROIC | 8.21% | ||
| ROICexc | 8.4% | ||
| ROICexgc | 8.83% | ||
| OM | 15.11% | ||
| PM (TTM) | 8.07% | ||
| GM | 38.26% | ||
| FCFM | 7.81% |
ROA(3y)-2.68%
ROA(5y)-8.99%
ROE(3y)-22.21%
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
ROICexcg growth 3YN/A
ROICexcg 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 5Y-0.28%
F-Score7
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.78 | ||
| Debt/FCF | 13.6 | ||
| Debt/EBITDA | 3.96 | ||
| Cap/Depr | 119.13% | ||
| Cap/Sales | 12.17% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.9% | ||
| Profit Quality | 96.78% | ||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 0.95 |
F-Score7
WACC6.58%
ROIC/WACC1.25
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)414.02%
EPS 3YN/A
EPS 5Y-20.48%
EPS Q2Q%192.86%
EPS Next Y32.5%
EPS Next 2Y24.15%
EPS Next 3Y21.59%
EPS Next 5Y19.02%
Revenue 1Y (TTM)12.66%
Revenue growth 3Y135.82%
Revenue growth 5Y3.74%
Sales Q2Q%7.47%
Revenue Next Year4.76%
Revenue Next 2Y4.39%
Revenue Next 3Y4.23%
Revenue Next 5Y4.23%
EBIT growth 1Y59.82%
EBIT growth 3YN/A
EBIT growth 5Y1.76%
EBIT Next Year90.81%
EBIT Next 3Y28.91%
EBIT Next 5Y18.55%
FCF growth 1Y30.09%
FCF growth 3YN/A
FCF growth 5Y94.16%
OCF growth 1Y38.36%
OCF growth 3YN/A
OCF growth 5Y1.58%