Overview Dividends

(CCL) Carnival - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: PA1436583006

Cruises, Ships, Destinations, Hotels, Tours

CCL EPS (Earnings per Share)

EPS Growth (3Y CAGR): 368.98%
EPS Trend (3Y Correlation): 68.7%

CCL Revenue

Revenue Growth (3Y CAGR): 31.51%
Revenue Trend (3Y Correlation): 75.8%

Description: CCL Carnival September 29, 2025

Carnival Corporation & plc (NYSE: CCL) is a global cruise operator that delivers leisure travel across North America, Australia, Europe, and other international markets. Its business is organized into four segments-NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour & Other-and it owns a portfolio of brands that includes AIDA, Carnival Cruise Line, Costa, Cunard, Holland America, P&O (Australia & UK), Princess, and Seabourn. Distribution channels span travel agents, tour operators, vacation planners, direct-to-consumer websites, and onboard future-cruise consultants. The firm also manages ancillary assets such as ports, hotels, lodges, glass-domed railcars, and motorcoaches. Founded in 1972, Carnival is headquartered in Miami, Florida, and is classified under GICS Sub-Industry “Hotels, Resorts & Cruise Lines.”

Key operating metrics from the most recent fiscal year (2023) show revenue of roughly $20.8 billion, an industry-adjusted occupancy rate of about 85 %, and an average daily fare (ADR) near $210 per passenger-day-both metrics still below pre-COVID-19 peaks but trending upward as consumer confidence recovers. The company carries approximately $25 billion of long-term debt, giving a net-debt-to-EBITDA ratio of ~3.5×, which is modestly higher than the sector median of ~3.0×. A primary economic driver for Carnival is discretionary consumer spending; a 1 % change in U.S. consumer confidence historically correlates with a ~0.4 % shift in cruise bookings, according to industry research.

Given the fuel-price sensitivity of cruise margins and the ongoing rollout of newer, more fuel-efficient vessels, analysts often model CCL’s free-cash-flow volatility by linking bunker cost exposure to Brent crude price movements-a factor that can swing operating cash flow by ±5 % for a $10 per-barrel price swing.

For a deeper quantitative dive, you might explore ValueRay’s analyst tools to model CCL’s cash-flow sensitivity to fuel price swings and occupancy trends.

CCL Stock Overview

Market Cap in USD	38,607m
Sub-Industry	Hotels, Resorts & Cruise Lines
IPO / Inception	1987-07-24

CCL Stock Ratings

Growth Rating	64.7%
Fundamental	65.7%
Dividend Rating	19.2%
Return 12m vs S&P 500	13.7%
Analyst Rating	4.30 of 5

CCL Dividends

Currently no dividends paid

CCL Growth Ratios

Growth Correlation 3m	-29.1%
Growth Correlation 12m	54%
Growth Correlation 5y	7.5%
CAGR 5y	49.26%
CAGR/Max DD 3y (Calmar Ratio)	1.15
CAGR/Mean DD 3y (Pain Ratio)	3.49
Sharpe Ratio 12m	0.16
Alpha	-2.90
Beta	2.686
Volatility	38.90%
Current Volume	19776.1k
Average Volume 20d	19411.4k
Stop Loss	28.2 (-4.1%)
Signal	-0.27

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (2.64b TTM) > 0 and > 6% of Revenue (6% = 1.57b TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 3.38pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -28.85% (prev -35.29%; Δ 6.44pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 5.61b > Net Income 2.64b (YES >=105%, WARN >=100%)

Net Debt (26.10b) to EBITDA (6.79b) ratio: 3.84 <= 3.0 (WARN <= 3.5)

Current Ratio 0.34 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (1.40b) change vs 12m ago 0.21% (target <= -2.0% for YES)

Gross Margin 39.49% (prev 36.95%; Δ 2.55pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 52.63% (prev 49.15%; Δ 3.48pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.87 (EBITDA TTM 6.79b / Interest Expense TTM 1.42b) >= 6 (WARN >= 3)

Altman Z'' -0.07

(A) -0.15 = (Total Current Assets 3.87b - Total Current Liabilities 11.44b) / Total Assets 49.87b

(B) 0.09 = Retained Earnings (Balance) 4.39b / Total Assets 49.87b

(D) 0.08 = Book Value of Equity 3.05b / Total Liabilities 37.94b

Total Rating: -0.07 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 65.65

1. Piotroski 5.0pt = 0.0

2. FCF Yield 4.50% = 2.25

3. FCF Margin 11.11% = 2.78

4. Debt/Equity 2.34 = 0.26

5. Debt/Ebitda 3.84 = -2.48

6. ROIC - WACC (= 1.24)% = 1.55

7. RoE 26.18% = 2.18

8. Rev. Trend 75.77% = 5.68

9. EPS Trend 68.65% = 3.43

What is the price of CCL shares?

As of October 27, 2025, the stock is trading at USD 29.40 with a total of 19,776,055 shares traded.
Over the past week, the price has changed by +1.87%, over one month by -3.98%, over three months by -1.11% and over the past year by +34.12%.

Is Carnival a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Carnival (NYSE:CCL) is currently (October 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 65.65 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CCL is around 27.82 USD . This means that CCL is currently overvalued and has a potential downside of -5.37%.

Is CCL a buy, sell or hold?

Carnival has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy CCL.

Strong Buy: 17
Buy: 5
Hold: 8
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CCL price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	35.8	21.9%
Analysts Target Price	35.8	21.9%
ValueRay Target Price	31.4	6.6%

CCL Fundamental Data Overview October 27, 2025

Market Cap USD = 38.61b (38.61b USD * 1.0 USD.USD)
P/E Trailing = 15.1546
P/E Forward = 12.0482
P/S = 1.4718
P/B = 3.1761
P/EG = 1.41
Beta = 2.686
Revenue TTM = 26.23b USD
EBIT TTM = 4.07b USD
EBITDA TTM = 6.79b USD
Long Term Debt = 25.06b USD (from longTermDebt, last quarter)
Short Term Debt = 1.59b USD (from shortTermDebt, last quarter)
Debt = 27.86b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 26.10b USD (from netDebt column, last quarter)
Enterprise Value = 64.70b USD (38.61b + Debt 27.86b - CCE 1.76b)
Interest Coverage Ratio = 2.87 (Ebit TTM 4.07b / Interest Expense TTM 1.42b)
FCF Yield = 4.50% (FCF TTM 2.91b / Enterprise Value 64.70b)
FCF Margin = 11.11% (FCF TTM 2.91b / Revenue TTM 26.23b)
Net Margin = 10.07% (Net Income TTM 2.64b / Revenue TTM 26.23b)
Gross Margin = 39.49% ((Revenue TTM 26.23b - Cost of Revenue TTM 15.87b) / Revenue TTM)
Gross Margin QoQ = 46.22% (prev 38.59%)
Tobins Q-Ratio = 1.30 (Enterprise Value 64.70b / Total Assets 49.87b)
Interest Expense / Debt = 1.06% (Interest Expense 296.0m / Debt 27.86b)
Taxrate = 0.32% (6.00m / 1.86b)
NOPAT = 4.06b (EBIT 4.07b * (1 - 0.32%))
Current Ratio = 0.34 (Total Current Assets 3.87b / Total Current Liabilities 11.44b)
Debt / Equity = 2.34 (Debt 27.86b / totalStockholderEquity, last quarter 11.93b)
Debt / EBITDA = 3.84 (Net Debt 26.10b / EBITDA 6.79b)
Debt / FCF = 8.96 (Net Debt 26.10b / FCF TTM 2.91b)
Total Stockholder Equity = 10.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.30% (Net Income 2.64b / Total Assets 49.87b)
RoE = 26.18% (Net Income TTM 2.64b / Total Stockholder Equity 10.09b)
RoCE = 11.58% (EBIT 4.07b / Capital Employed (Equity 10.09b + L.T.Debt 25.06b))
RoIC = 10.92% (NOPAT 4.06b / Invested Capital 37.15b)
WACC = 9.69% (E(38.61b)/V(66.47b) * Re(15.91%) + D(27.86b)/V(66.47b) * Rd(1.06%) * (1-Tc(0.00)))
Discount Rate = 15.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.36%
[DCF Debug] Terminal Value 43.69% ; FCFE base≈2.24b ; Y1≈1.47b ; Y5≈672.2m
Fair Price DCF = 5.03 (DCF Value 5.87b / Shares Outstanding 1.17b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 68.65 | EPS CAGR: 369.0% | SUE: 3.69 | # QB: 4
Revenue Correlation: 75.77 | Revenue CAGR: 31.51% | SUE: 0.79 | # QB: 0

Additional Sources for CCL Stock

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