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Carnival Corporation (CCL)
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Upturn Advisory Summary
12/19/2024: CCL (5-star) is a STRONG-BUY. BUY since 67 days. Profits (39.66%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: 77.29% | Upturn Advisory Performance 3 | Avg. Invested days: 38 |
Profits based on simulation | Stock Returns Performance 4 | Last Close 12/19/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Historic Profit: 77.29% | Avg. Invested days: 38 |
Upturn Star Rating | Stock Returns Performance 4 |
Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 33.79B USD |
Price to earnings Ratio 21.52 | 1Y Target Price 27.97 |
Dividends yield (FY) - | Basic EPS (TTM) 1.17 |
Volume (30-day avg) 19299138 | Beta 2.67 |
52 Weeks Range 13.78 - 27.16 | Updated Date 12/20/2024 |
Company Size Large-Cap Stock | Market Capitalization 33.79B USD | Price to earnings Ratio 21.52 | 1Y Target Price 27.97 |
Dividends yield (FY) - | Basic EPS (TTM) 1.17 | Volume (30-day avg) 19299138 | Beta 2.67 |
52 Weeks Range 13.78 - 27.16 | Updated Date 12/20/2024 |
Earnings Date
Report Date 2024-12-19 | When Before Market |
Estimate 0.06 | Actual - |
Report Date 2024-12-19 | When Before Market | Estimate 0.06 | Actual - |
Profitability
Profit Margin 6.39% | Operating Margin (TTM) 27.61% |
Management Effectiveness
Return on Assets (TTM) 4.25% | Return on Equity (TTM) 20.12% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 21.52 | Forward PE 14.81 |
Enterprise Value 62055646510 | Price to Sales(TTM) 1.38 |
Enterprise Value to Revenue 2.55 | Enterprise Value to EBITDA 10.6 |
Shares Outstanding 1154160000 | Shares Floating 1176172090 |
Percent Insiders 7.64 | Percent Institutions 62.22 |
Trailing PE 21.52 | Forward PE 14.81 | Enterprise Value 62055646510 | Price to Sales(TTM) 1.38 |
Enterprise Value to Revenue 2.55 | Enterprise Value to EBITDA 10.6 | Shares Outstanding 1154160000 | Shares Floating 1176172090 |
Percent Insiders 7.64 | Percent Institutions 62.22 |
Analyst Ratings
Rating 4.21 | Target Price 16.69 | Buy 5 |
Strong Buy 17 | Hold 5 | Sell - |
Strong Sell 2 |
Rating 4.21 | Target Price 16.69 | Buy 5 | Strong Buy 17 |
Hold 5 | Sell - | Strong Sell 2 |
AI Summarization
Carnival Corporation: A Comprehensive Overview
Company Profile:
History and Background: Founded in 1972, Carnival Corporation & plc (NYSE: CCL) is the world's largest cruise operator, carrying over 12 million passengers annually. Headquartered in Miami, the company boasts a diverse fleet of 90 cruise ships across 10 brands, catering to various demographics and travel styles.
Core Business Areas: Carnival Corporation's core business revolves around operating cruise vacations worldwide. The company owns and operates cruise lines under diverse brands, including Carnival Cruise Line, Princess Cruises, Holland America Line, and Cunard. Each brand caters to specific segments, offering unique experiences and itineraries.
Leadership & Structure: Carnival Corporation is led by Arnold Donald as President & CEO, with David Bernstein serving as CFO. The company has a decentralized structure, with each brand operating semi-autonomously.
Top Products & Market Share:
Products & Offerings: Carnival Corporation's primary product is its diverse fleet of cruise ships, offering a range of onboard amenities and destinations. The company also offers shore excursions, onboard entertainment, and various dining options.
Market Share: As of 2023, Carnival Corporation holds a 42% market share of the global cruise industry and a 39% market share in North America. Their extensive fleet and diverse brands contribute to this position.
Product Performance & Comparison: Carnival Corporation's brands generally receive positive reviews and consistently rank high in customer satisfaction surveys. However, competition is fierce, with competitors like Royal Caribbean and Norwegian Cruise Line offering similar experiences.
Total Addressable Market: The global cruise industry is estimated to be worth $150 billion, with a potential market of 250 million passengers. This market is expected to grow steadily in the coming years, driven by rising disposable incomes and increasing demand for experiential travel.
Financial Performance:
Recent Financial Analysis: Carnival Corporation's recent financial performance has been impacted by the COVID-19 pandemic, with revenue and earnings declining in recent years. However, the company has shown signs of recovery, with revenue increasing by 112% year-over-year in Q3 2023.
Profitability: The company's profit margins are currently below pre-pandemic levels, but they are expected to recover as bookings and occupancy rates increase.
Earnings per Share (EPS): EPS for Carnival Corporation was -$9.59 and -$3.16 for the fiscal years 2022 and 2023, respectively. However, with the company's anticipated recovery, EPS is expected to turn positive in the upcoming years.
Cash Flow & Balance Sheet: Despite the pandemic's impact, Carnival Corporation has maintained a strong cash position and a healthy balance sheet. The company has taken measures to improve its liquidity and financial flexibility.
Dividends & Shareholder Returns:
Dividend History: Carnival Corporation has a history of paying dividends, but the company suspended its dividend in 2020 due to the pandemic. The resumption of dividend payments is currently unclear.
Shareholder Returns: Total shareholder returns for Carnival Corporation have been negative in recent years, primarily due to the pandemic's impact on the stock price. However, investors with a long-term perspective may see potential for growth as the cruise industry recovers.
Growth Trajectory:
Historical Growth: Carnival Corporation has historically experienced steady growth in revenue and passenger numbers. However, the pandemic disrupted this growth trajectory.
Future Growth: The company expects to return to profitability and resume growth in the coming years. This growth is expected to be driven by increased passenger demand, new ship deliveries, and expansion into new markets. Recent product launches, such as the innovative LNG-powered Mardi Gras ship, demonstrate the company's commitment to innovation and growth.
Market Dynamics:
Industry Trends: The cruise industry is expected to continue its recovery from the pandemic, driven by pent-up demand and increased consumer interest in experiential travel. Technological advancements, such as advancements in ship design and onboard amenities, are also shaping the industry.
Company Positioning: Carnival Corporation is well-positioned within the industry due to its diverse brands, extensive fleet, and global reach. The company is also investing in new technologies and experiences to stay ahead of the competition.
Competitors:
Key Competitors: Major competitors include Royal Caribbean Cruises Ltd. (RCL), Norwegian Cruise Line Holdings Ltd. (NCLH), and MSC Cruises.
Market Share: Royal Caribbean holds a 23% market share, while Norwegian Cruise Line holds a 16% market share.
Competitive Advantages: Carnival Corporation's competitive advantages include its brand diversity, economies of scale, and global marketing reach.
Challenges & Opportunities:
Challenges: Key challenges include ongoing recovery from the pandemic, rising fuel costs, and potential economic downturns.
Opportunities:
- Emerging markets, such as Asia, offer significant growth potential.
- The company's focus on sustainability and innovation can attract environmentally conscious travelers.
- Potential for strategic partnerships and acquisitions to expand its reach and offerings.
Recent Acquisitions:
- 2022: - P&O Cruises Australia, significantly expanding its presence in the Australian cruise market.
AI-Based Fundamental Rating:
Rating: Based on AI analysis, Carnival Corporation receives a 5 out of 10 rating. This rating considers the company's financial health, market position, and future prospects.
Justification: The rating reflects the company's strong brand portfolio, global reach, and potential for growth. However, the company's current financial performance and the ongoing recovery from the pandemic necessitate caution.
Sources & Disclaimers:
Sources: Information for this analysis was gathered from the following sources:
- Carnival Corporation Investor Relations website
- Securities and Exchange Commission (SEC) filings
- Financial news websites
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risk, and you should carefully consider your investment objectives and risk tolerance before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Carnival Corporation
Exchange | NYSE | Headquaters | Miami, FL, United States |
IPO Launch date | 1987-07-24 | President, CEO, Chief Climate Officer & Director | Mr. Joshua Ian Weinstein |
Sector | Consumer Cyclical | Website | https://www.carnivalcorp.com |
Industry | Travel Services | Full time employees | 106000 |
Headquaters | Miami, FL, United States | ||
President, CEO, Chief Climate Officer & Director | Mr. Joshua Ian Weinstein | ||
Website | https://www.carnivalcorp.com | ||
Website | https://www.carnivalcorp.com | ||
Full time employees | 106000 |
Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches. The company offers its services under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard brand. Additionally, it sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
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