CCL
Carnival Corporation & plc [CCL] Stock Forecast
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Carnival likely to report buoyant 3Q revenue and earnings
Carnival Corporation (NYSE:CCL) reports third-quarter results before the opening bell on September 29 and analysts expect the company to sail into calmer waters as bookings hit a record high and yields return to pre-pandemic levels. The cruise operator has reported sequential record highs for bookings this year as demand for leisure travel returns.
A Bull Market Could Be Here: 3 Reasons to Buy Carnival Stock.
The current headwind is likely to slowly give way to rekindled, longer-term economic strength. Some members of the analyst community are willing to stick their necks out, even when they don't have to.
2 Long Streaks Should Come to an End at Carnival This Week
Carnival is expected to post a quarterly profit after 14 consecutive losses. After eight quarters of more than doubling revenue, analysts see a slowdown to 37% growth.
3 Quarterly Releases to Watch Next Week
So far, we've had a few S&P 500 companies reveal quarterly results, but the sample size is too small to draw any conclusions from.
Investors Heavily Search Carnival Corporation (CCL): Here is What You Need to Know
Zacks.com users have recently been watching Carnival (CCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Will Carnival's debt overshadow cruise resurgence
Carnival's third-quarter earnings statement (Friday 29 Sep) will all be about whether the recent resurgence in cruise demand is being maintained. Half-year results showed cabin occupancy is back to 100% with pricing also 6% higher than pre-pandemic levels.
Top Calls: Redburn Upgrads Cruise Operators
Alex Brignall, Redburn Atlantic Analyst, joins Romaine Bostick and Katie Greifeld to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close.
Wall Street Is Starting to Come Aboard Carnival Stock
Carnival stock has seen back-to-back weeks of analyst upgrades. Analysts are generally positive about what Carnival will announce when it posts its fiscal third-quarter performance next Friday morning.
Up Around 90% This Year, Is Carnival Corp. Stock Still a Good Buy?
Carnival's stock still has a long way to go to get back to the levels it was at in 2020. The company has been stringing together some good results of late.
Carnival: Things Aren't As Bad As I Thought (Rating Upgrade)
Carnival Corporation, the world's largest cruise company, presents a complex financial landscape with significant debt and pandemic-related challenges. Despite recent financial hurdles, Carnival holds promise for investors, with a fair value estimate of $22.07, indicating a 46% potential upside from the current stock price. In a scenario of 50% dilution, the stock offers an attractive 22.9% annual return, providing a substantial margin of safety.
CCL Financial details
CCL Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-11-30
| Metric | History | 2018-11-30 | 2019-11-30 | 2020-11-30 | 2021-11-30 | 2022-11-30 |
|---|---|---|---|---|---|---|
| Revenue per share | 26.63 | 30.18 | 7.22 | 1.7 | 10.31 | |
| Net income per share | 4.45 | 4.33 | -13.21 | -8.46 | -5.16 | |
| Operating cash flow per share | 7.83 | 7.93 | -8.13 | -3.66 | -1.42 | |
| Free cash flow per share | 2.54 | 0.07 | -12.8 | -6.87 | -5.6 | |
| Cash per share | 1.39 | 0.75 | 12.27 | 8.14 | 3.41 | |
| Book value per share | 34.48 | 36.76 | 26.52 | 10.81 | 5.99 | |
| Tangible book value per share | 28.69 | 30.84 | 23.95 | 9.25 | 4.52 | |
| Share holders equity per share | 34.48 | 36.76 | 26.52 | 10.81 | 5.99 | |
| Interest debt per share | 14.83 | 16.97 | 37.77 | 32.24 | 31.77 | |
| Market cap | 42.11B | 29.38B | 13.69B | 18.18B | 10.55B | |
| Enterprise value | 51.45B | 40.36B | 32.56B | 43.85B | 42.4B | |
| P/E ratio | 13.36 | 9.83 | -1.34 | -1.91 | -1.73 | |
| Price to sales ratio | 2.23 | 1.41 | 2.45 | 9.53 | 0.87 | |
| POCF ratio | 7.59 | 5.37 | -2.17 | -4.42 | -6.32 | |
| PFCF ratio | 23.39 | 638.7 | -1.38 | -2.36 | -1.6 | |
| P/B Ratio | 1.72 | 1.16 | 0.67 | 1.5 | 1.49 | |
| PTB ratio | 1.72 | 1.16 | 0.67 | 1.5 | 1.49 | |
| EV to sales | 2.72 | 1.94 | 5.82 | 22.98 | 3.48 | |
| Enterprise value over EBITDA | 9.6 | 7.44 | -6.32 | -9.9 | -24.16 | |
| EV to operating cash flow | 9.27 | 7.37 | -5.17 | -10.67 | -25.39 | |
| EV to free cash flow | 28.58 | 877.48 | -3.28 | -5.68 | -6.41 | |
| Earnings yield | 0.07 | 0.1 | -0.75 | -0.52 | -0.58 | |
| Free cash flow yield | 0.04 | 0 | -0.72 | -0.42 | -0.63 | |
| Debt to equity | 0.42 | 0.45 | 1.38 | 2.85 | 5.08 | |
| Debt to assets | 0.24 | 0.26 | 0.53 | 0.65 | 0.69 | |
| Net debt to EBITDA | 1.74 | 2.02 | -3.66 | -5.8 | -18.15 | |
| Current ratio | 0.24 | 0.23 | 1.22 | 0.97 | 0.71 | |
| Interest coverage | 17.14 | 15.9 | -9.91 | -4.43 | -2.45 | |
| Income quality | 1.76 | 1.83 | 0.62 | 0.43 | 0.27 | |
| Dividend Yield | 0.03 | 0.05 | 0.05 | 0.68 | 0 | |
| Payout ratio | 0.43 | 0.46 | -0.07 | -1.31 | 0 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.1 | 0.09 | 0.04 | 0.03 | 0.03 | |
| Capex to operating cash flow | -0.68 | -0.99 | 0.57 | 0.88 | 2.96 | |
| Capex to revenue | -0.2 | -0.26 | -0.65 | -1.89 | -0.41 | |
| Capex to depreciation | -1.86 | -2.51 | -1.62 | -1.62 | -2.17 | |
| Stock based compensation to revenue | 0 | 0 | 0.02 | 0.06 | 0.01 | |
| Graham number | 58.72 | 59.87 | 88.78 | 45.37 | 26.37 | |
| ROIC | 0.09 | 0.09 | -0.18 | -0.15 | -0.09 | |
| Return on tangible assets | 0.08 | 0.07 | -0.2 | -0.18 | -0.12 | |
| Graham Net | -23.25 | -27 | -29.87 | -28.23 | -34.23 | |
| Working capital | -6.98B | -7.07B | 1.88B | -275M | -3.11B | |
| Tangible asset value | 20.34B | 21.28B | 18.56B | 10.38B | 5.33B | |
| Net current asset value | -15.73B | -17.63B | -22.48B | -31.07B | -37.15B | |
| Invested capital | 0.42 | 0.45 | 1.38 | 2.85 | 5.08 | |
| Average receivables | 335M | 401M | 358.5M | 259.5M | 123M | |
| Average payables | 746M | 743M | 690M | 710.5M | 923.5M | |
| Average inventory | 418.5M | 438.5M | 381M | 345.5M | 392M | |
| Days sales outstanding | 6.92 | 7.78 | 17.81 | 47.06 | 0 | |
| Days payables outstanding | 24.03 | 21.38 | 36.28 | 71.6 | 33.86 | |
| Days of inventory on hand | 14.81 | 12.07 | 19.48 | 31.98 | 13.8 | |
| Receivables turnover | 52.74 | 46.9 | 20.49 | 7.76 | 0 | |
| Payables turnover | 15.19 | 17.07 | 10.06 | 5.1 | 10.78 | |
| Inventory turnover | 24.64 | 30.23 | 18.74 | 11.41 | 26.44 | |
| ROE | 0.13 | 0.12 | -0.5 | -0.78 | -0.86 | |
| Capex per share | -5.29 | -7.87 | -4.67 | -3.21 | -4.19 |
Quarterly Fundamentals Overview
Last date of statement is 2023-05-31 for Q2
| Metric | History | 2022-05-31 | 2022-08-31 | 2022-11-30 | 2023-02-28 | 2023-05-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 2.11 | 3.63 | 3.05 | 3.52 | 3.89 | |
| Net income per share | -1.61 | -0.65 | -1.27 | -0.55 | -0.32 | |
| Operating cash flow per share | 0 | -0.29 | -0.09 | 0.31 | 0.9 | |
| Free cash flow per share | -0.43 | -0.74 | -1.03 | -0.55 | 0.35 | |
| Cash per share | 6.32 | 5.97 | 3.2 | 4.33 | 3.54 | |
| Book value per share | 7.25 | 7.07 | 5.61 | 4.9 | 4.64 | |
| Tangible book value per share | 5.71 | 5.61 | 4.23 | 3.52 | 3.26 | |
| Share holders equity per share | 7.25 | 7.07 | 5.61 | 4.9 | 4.64 | |
| Interest debt per share | 32.25 | 30.13 | 28.86 | 29.35 | 28.2 | |
| Market cap | 14.66B | 10.04B | 11.26B | 12.15B | 12.59B | |
| Enterprise value | 44B | 38.25B | 43.11B | 43.13B | 43.2B | |
| P/E ratio | -2 | -3.26 | -1.76 | -4.38 | -7.73 | |
| Price to sales ratio | 6.11 | 2.33 | 2.93 | 2.74 | 2.56 | |
| POCF ratio | 4.89K | -29.18 | -96.2 | 31.31 | 11.07 | |
| PFCF ratio | -30.04 | -11.38 | -8.67 | -17.68 | 28.62 | |
| P/B Ratio | 1.77 | 1.2 | 1.59 | 1.97 | 2.15 | |
| PTB ratio | 1.77 | 1.2 | 1.59 | 1.97 | 2.15 | |
| EV to sales | 18.33 | 8.88 | 11.23 | 9.73 | 8.8 | |
| Enterprise value over EBITDA | -49.49 | 156.77 | -285.48 | 99.15 | 56.25 | |
| EV to operating cash flow | 14.67K | -111.19 | -368.44 | 111.16 | 38 | |
| EV to free cash flow | -90.16 | -43.37 | -33.21 | -62.78 | 98.19 | |
| Earnings yield | -0.13 | -0.08 | -0.14 | -0.06 | -0.03 | |
| Free cash flow yield | -0.03 | -0.09 | -0.12 | -0.06 | 0.03 | |
| Debt to equity | 4.41 | 4.21 | 5.08 | 5.91 | 5.98 | |
| Debt to assets | 0.69 | 0.68 | 0.69 | 0.7 | 0.68 | |
| Net debt to EBITDA | -33 | 115.63 | -210.94 | 71.23 | 39.86 | |
| Current ratio | 0.64 | 0.65 | 0.71 | 0.64 | 0.52 | |
| Interest coverage | -3.98 | -0.8 | -1.57 | -0.27 | 0.32 | |
| Income quality | 0 | 0.45 | 0.07 | -0.56 | -2.79 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | |
| Capex to operating cash flow | -163.67 | 1.56 | 10.09 | -2.77 | -0.61 | |
| Capex to revenue | -0.2 | -0.12 | -0.31 | -0.24 | -0.14 | |
| Capex to depreciation | -0.86 | -0.93 | -2.08 | -1.85 | -1.17 | |
| Stock based compensation to revenue | 0.01 | 0.01 | 0.01 | 0 | 0 | |
| Graham number | 16.19 | 10.17 | 12.66 | 7.78 | 5.8 | |
| ROIC | -0.03 | -0.01 | -0.02 | 0 | 0 | |
| Return on tangible assets | -0.04 | -0.02 | -0.03 | -0.01 | -0.01 | |
| Graham Net | -32.49 | -30.37 | -32.09 | -31.55 | -32.44 | |
| Working capital | -4.83B | -4.52B | -3.11B | -3.94B | -5.63B | |
| Tangible asset value | 6.51B | 6.65B | 5.33B | 4.43B | 4.12B | |
| Net current asset value | -36.17B | -35.11B | -37.15B | -38.67B | -39.8B | |
| Invested capital | 4.41 | 4.21 | 5.08 | 5.91 | 5.98 | |
| Average receivables | 548M | 359.5M | 180M | 257M | 490.5M | |
| Average payables | 842M | 916M | 985M | 1.04B | 1.03B | |
| Average inventory | 408.5M | 422.5M | 424M | 438M | 443M | |
| Days sales outstanding | 13.46 | 7.52 | 0 | 10.44 | 8.56 | |
| Days payables outstanding | 30.6 | 24.5 | 29.22 | 27.79 | 27.12 | |
| Days of inventory on hand | 14.26 | 11.19 | 11.91 | 12.18 | 11.4 | |
| Receivables turnover | 6.69 | 11.96 | 0 | 8.62 | 10.52 | |
| Payables turnover | 2.94 | 3.67 | 3.08 | 3.24 | 3.32 | |
| Inventory turnover | 6.31 | 8.05 | 7.56 | 7.39 | 7.89 | |
| ROE | -0.22 | -0.09 | -0.23 | -0.11 | -0.07 | |
| Capex per share | -0.43 | -0.45 | -0.94 | -0.85 | -0.55 |
CCL Frequently Asked Questions
What is Carnival Corporation & plc stock symbol ?
Carnival Corporation & plc is a US stock , located in Miami of Fl and trading under the symbol CCL
Is Carnival Corporation & plc buy or a sell ?
18 stock analysts have 18 predictions with a medium analyst target price of $21.74. The lowest prediction is $9 and the highest is $38
What is CCL stock prediction ?
With a median analyst target price of $25, 1 stock analysts have made 1 forecasts in last 90 days. $25 is the lowest and $25 is the greatest projection.
What is Carnival Corporation & plc stock quote today ?
Carnival Corporation & plc stock price is $13.78 today.
Is Carnival Corporation & plc stock public?
Yes, Carnival Corporation & plc is a publicly traded company.
Company Profile
- Volume Average 33.31M
- Market Capitalization 18.35B
- Employee 87K
- CEO Mr. Joshua Ian Weinstein
- Headquarters Miami,FL,US
- IPO Date 1987-07-24
-
Website
https://www.carnivalcorp.com 
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
