(CUK) Carnival ADS - Ratings and Ratios
Cruise Vacations, Port Destinations, Hotels, Railcars
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 43.3% |
| Value at Risk 5%th | 64.5% |
| Relative Tail Risk | -9.46% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.55 |
| Alpha | -5.71 |
| CAGR/Max DD | 0.99 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.549 |
| Beta | 1.824 |
| Beta Downside | 1.780 |
| Drawdowns 3y | |
|---|---|
| Max DD | 43.10% |
| Mean DD | 14.06% |
| Median DD | 12.98% |
Description: CUK Carnival ADS December 03, 2025
Carnival Corporation & plc (NYSE:CUK) is the world’s largest cruise operator, delivering leisure travel across North America, Europe, Australia and other international markets. The firm runs four business segments-North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour & Other-and markets its voyages through a portfolio of brands that includes Carnival Cruise Line, Princess, Holland America, Costa, AIDA, Cunard, P&O (UK & Australia), and Seabourn. Distribution channels span travel agents, online platforms, and onboard future-cruise consultants, while ancillary assets such as hotels, railcars, and motorcoaches support the cruise experience.
Key operating metrics as of Q2 2024 show an average occupancy of roughly 85% and a yield per passenger-day of about $120, reflecting a rebound from pandemic lows but still below the 2019 peak of ~95% occupancy. The company’s cash-flow generation remains pressured by a $30 bn long-term debt load and exposure to volatile bunker fuel prices, which are closely tied to global oil markets and the broader consumer-discretionary cycle. Macro-drivers such as U.S. consumer confidence, discretionary income trends, and the pace of post-COVID travel demand are critical determinants of future revenue growth.
For a deeper, data-driven view of Carnival’s valuation and scenario analysis, the ValueRay platform provides a structured set of metrics worth exploring.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 2.76b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 3.14 > 1.0 |
| NWC/Revenue: -33.33% < 20% (prev -32.93%; Δ -0.40% < -1%) |
| CFO/TA 0.11 > 3% & CFO 5.61b > Net Income 2.76b |
| Net Debt (26.07b) to EBITDA (6.89b): 3.78 < 3 |
| Current Ratio: 0.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.40b) vs 12m ago 0.29% < -2% |
| Gross Margin: 37.37% > 18% (prev 0.37%; Δ 3699 % > 0.5%) |
| Asset Turnover: 52.85% > 50% (prev 51.01%; Δ 1.84% > 0%) |
| Interest Coverage Ratio: 3.08 > 6 (EBITDA TTM 6.89b / Interest Expense TTM 1.33b) |
Altman Z'' (< 1.1 .. > 2.6) -0.19
| A: -0.17 (Total Current Assets 4.22b - Total Current Liabilities 13.09b) / Total Assets 51.69b |
| B: 0.09 (Retained Earnings 4.82b / Total Assets 51.69b) |
| C: 0.08 (EBIT TTM 4.10b / Avg Total Assets 50.37b) |
| D: 0.09 (Book Value of Equity 3.38b / Total Liabilities 39.40b) |
| Total Rating: -0.19= B |
ValueRay F-Score (Strict, 0-100) 69.18
| 1. Piotroski: 5.50pt |
| 2. FCF Yield: 4.55% |
| 3. FCF Margin: 10.95% |
| 4. Debt/Equity: 2.28 |
| 5. Debt/Ebitda: 3.78 |
| 6. ROIC - WACC: 3.19% |
| 7. RoE: 25.45% |
| 8. Revenue Trend: 79.44% |
| 9. EPS Trend: 74.41% |
What is the price of CUK shares?
Over the past week, the price has changed by -6.21%, over one month by -11.58%, over three months by +3.84% and over the past year by +21.01%.
Is CUK a buy, sell or hold?
What are the forecasts/targets for the CUK price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 35.5 | 26.3% |
| Analysts Target Price | 35.5 | 26.3% |
| ValueRay Target Price | 31 | 10.4% |
CUK Fundamental Data Overview January 19, 2026
P/E Forward = 11.5741
P/S = 1.4244
P/B = 3.0669
P/EG = 0.9947
Revenue TTM = 26.62b USD
EBIT TTM = 4.10b USD
EBITDA TTM = 6.89b USD
Long Term Debt = 24.04b USD (from longTermDebt, last quarter)
Short Term Debt = 2.78b USD (from shortTermDebt, last quarter)
Debt = 27.99b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 26.07b USD (from netDebt column, last quarter)
Enterprise Value = 63.99b USD (37.92b + Debt 27.99b - CCE 1.93b)
Interest Coverage Ratio = 3.08 (Ebit TTM 4.10b / Interest Expense TTM 1.33b)
EV/FCF = 21.96x (Enterprise Value 63.99b / FCF TTM 2.91b)
FCF Yield = 4.55% (FCF TTM 2.91b / Enterprise Value 63.99b)
FCF Margin = 10.95% (FCF TTM 2.91b / Revenue TTM 26.62b)
Net Margin = 10.37% (Net Income TTM 2.76b / Revenue TTM 26.62b)
Gross Margin = 37.37% ((Revenue TTM 26.62b - Cost of Revenue TTM 16.67b) / Revenue TTM)
Gross Margin QoQ = 26.75% (prev 46.22%)
Tobins Q-Ratio = 1.24 (Enterprise Value 63.99b / Total Assets 51.69b)
Interest Expense / Debt = 1.13% (Interest Expense 315.0m / Debt 27.99b)
Taxrate = 0.43% (12.0m / 2.77b)
NOPAT = 4.08b (EBIT 4.10b * (1 - 0.43%))
Current Ratio = 0.32 (Total Current Assets 4.22b / Total Current Liabilities 13.09b)
Debt / Equity = 2.28 (Debt 27.99b / totalStockholderEquity, last quarter 12.28b)
Debt / EBITDA = 3.78 (Net Debt 26.07b / EBITDA 6.89b)
Debt / FCF = 8.94 (Net Debt 26.07b / FCF TTM 2.91b)
Total Stockholder Equity = 10.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.48% (Net Income 2.76b / Total Assets 51.69b)
RoE = 25.45% (Net Income TTM 2.76b / Total Stockholder Equity 10.85b)
RoCE = 11.74% (EBIT 4.10b / Capital Employed (Equity 10.85b + L.T.Debt 24.04b))
RoIC = 10.94% (NOPAT 4.08b / Invested Capital 37.29b)
WACC = 7.75% (E(37.92b)/V(65.91b) * Re(12.64%) + D(27.99b)/V(65.91b) * Rd(1.13%) * (1-Tc(0.00)))
Discount Rate = 12.64% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.40%
[DCF Debug] Terminal Value 71.40% ; FCFF base≈2.24b ; Y1≈1.47b ; Y5≈670.6m
Fair Price DCF = N/A (negative equity: EV 13.73b - Net Debt 26.07b = -12.34b; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 74.41 | EPS CAGR: 163.2% | SUE: -3.02 | # QB: 0
Revenue Correlation: 79.44 | Revenue CAGR: 43.75% | SUE: -0.01 | # QB: 0
EPS current Year (2026-11-30): EPS=2.48 | Chg30d=+0.340 | Revisions Net=+1 | Growth EPS=+10.2% | Growth Revenue=+4.7%
EPS next Year (2027-11-30): EPS=2.70 | Chg30d=+0.240 | Revisions Net=+1 | Growth EPS=+8.9% | Growth Revenue=+3.8%
Additional Sources for CUK Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle