Carnival Corp Stock Research

Market Summary

USD9.03+0.30

Delayed

3.44%

CCL Alerts

1 major insider sales recently.

CCL Stock Price

CCL RSI Chart

CCL Valuation

Market Cap

10.5B

Price/Earnings (Trailing)

-1.47

Price/Sales (Trailing)

1.09

EV/EBITDA

-1.01

Price/Free Cashflow

-1.7

CCL Price/Sales (Trailing)

CCL Profitability

Operating Margin

-44.08%

EBT Margin

-49.97%

Return on Equity

-86.24%

Return on Assets

-11.78%

Free Cashflow Yield

-59%

CCL Fundamentals

CCL Revenue

Revenue (TTM)

12.2B

Revenue Y/Y

198.29%

Revenue Q/Q

-10.82%

CCL Earnings

Earnings (TTM)

-6.1B

Earnings Y/Y

39.01%

Earnings Q/Q

-107.53%

Price Action

52 Week Range

6.1121.50

(Low)(High)

Last 7 days

-17.1%

Last 30 days

-25%

Last 90 days

1.2%

Trailing 12 Months

-51.6%

CCL Financial Health

Current Ratio

0.71

Debt/Equity

4.35

Debt/Cashflow

-0.07

CCL Investor Care

Shares Dilution (1Y)

2.14%

Diluted EPS (TTM)

-5.16

Peers (Alternatives to Carnival)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MCD	198.8B	23.2B	0.05%	16.44%	32.19	8.58	-0.17%	-18.13%
SBUX	115.3B	32.9B	-8.46%	21.74%	34.73	3.5	8.41%	-24.41%
RCL	16.5B	8.8B	-16.12%	-12.22%	-7.67	1.87	477.01%	59.02%
CCL	10.5B	12.2B	-25.00%	-51.61%	-1.47	1.09	537.74%	35.87%
MID-CAP
ARMK	8.7B	17.0B	-13.89%	-5.83%	38.66	0.51	27.66%	584.49%
TXRH	7.2B	4.0B	2.32%	33.62%	26.81	1.8	15.91%	10.00%
VAC	5.8B	4.7B	-16.58%	-11.36%	21.79	1.32	19.69%	697.96%
NCLH	5.5B	4.8B	-23.74%	-29.26%	-2.43	1.14	278.11%	49.63%
WEN	4.5B	2.1B	-8.69%	-3.72%	25.11	2.13	10.46%	-11.49%
SMALL-CAP
PLAY	1.7B	1.7B	-22.36%	-14.62%	13.72	0.97	61.79%	371.82%
DIN	1.0B	909.4M	-16.82%	-9.23%	12.83	1.14	1.47%	-17.12%
BJRI	706.1M	1.3B	-8.26%	9.24%	173.24	0.55	18.11%	213.03%
CHUY	643.4M	422.2M	5.25%	31.31%	30.85	1.52	6.49%	-30.89%
DENN	633.1M	456.4M	-11.70%	-23.65%	8.47	1.39	14.63%	-4.30%

Financials for Carnival

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	26.5%	12,168,000,000	9,616,000,000	5,857,000,000	3,506,000,000	1,908,000,000
Operating Expenses	152.6%	11,757,000,000	4,655,000,000	-	-	-
S&GA Expenses	6.8%	2,515,000,000	2,354,000,000	2,154,000,000	1,952,000,000	1,885,000,000
Costs and Expenses	12.2%	16,547,000,000	14,753,000,000	12,771,000,000	10,562,000,000	8,997,000,000
EBITDA	34.2%	-2,196,000,000	-3,335,000,000	-5,458,000,000	-5,625,000,000	-
EBITDA Margin	48.0%	-0.18	-0.35	-0.93	-1.60	-
Earnings Before Taxes	14.4%	-6,080,000,000	-7,102,000,000	-9,202,000,000	-9,431,000,000	-9,522,000,000
EBT Margin	32.3%	-0.50	-0.74	-1.57	-2.69	-
Interest Expenses	6.7%	1,609,000,000	1,508,000,000	1,504,000,000	1,571,000,000	1,601,000,000
Net Income	14.4%	-6,093,000,000	-7,115,000,000	-9,181,000,000	-9,419,000,000	-9,501,000,000
Net Income Margin	32.3%	-0.50	-0.74	-1.57	-2.69	-
Free Cahsflow	-7.2%	-6,610,000,000	-6,167,000,000	-7,127,000,000	-8,381,000,000	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.4%	51,703	51,917	52,988	53,281	53,344
Current Assets	-11.1%	7,492	8,432	8,554	8,057	10,133
Cash Equivalents	-43.0%	4,029	7,071	7,054	6,414	8,939
Inventory	1.9%	428	420	425	392	356
Net PPE	1.4%	38,687	38,137	39,262	40,183	38,107
Goodwill	0%	579	579	579	579	579
Current Liabilities	-18.1%	10,605	12,954	13,380	10,920	10,408
. Short Term Borrowings	-92.5%	200	2,675	2,675	2,741	2,790
Long Term Debt	0.6%	35,925	35,721	-	-	-
LT Debt, Current	-16.8%	2,393	2,877	3,196	2,272	1,927
LT Debt, Non Current	12.0%	31,953	28,518	29,263	29,887	28,509
Shareholder's Equity	-15.7%	7,065	8,379	8,260	10,311	12,144
Retained Earnings	-85.6%	269	1,868	2,649	4,493	6,448
Additional Paid-In Capital	1.5%	16,872	16,626	15,457	15,360	15,292

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	13.1%	-1,670	-1,921	-2,456	-3,818	-4,109
Share Based Compensation	-3.8%	101	105	109	107	121
Cashflow From Investing	-37.2%	-4,767	-3,475	-2,495	-2,986	-3,543
Cashflow From Financing	-32.1%	3,577	5,267	4,889	3,461	6,949
Dividend Payments	NaN%	0.00	0.00	-	-	-
Buy Backs	NaN%	0.00	0.00	-	-	-

Risks for CCL

What is the probability of a big loss on CCL?

89.2%

Probability that Carnival stock will be more than 20% underwater in next one year

66.9%

Probability that Carnival stock will be more than 30% underwater in next one year.

47.7%

Probability that Carnival stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CCL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Carnival was unfortunately bought at previous high price.

Drawdowns

Returns for CCL

Cumulative Returns on CCL

-11.1%

10-Year Cumulative Returns

-20.3%

7-Year Cumulative Returns

-32.4%

5-Year Cumulative Returns

-20.8%

3-Year Cumulative Returns

What are the long-term rolling returns for CCL?

FIve years rolling returns for Carnival.

Annualized Returns

Which funds bought or sold CCL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-22.48	-26,168	202,832	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	5.08	56,378	333,378	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-0.67	865,000	7,093,000	0.04%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	added	93.75	150,846	274,846	0.10%
2023-03-06	OLD MISSION CAPITAL LLC	sold off	-100	-107,000	-	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	added	53.51	3,056	7,056	-%
2023-02-28	Voya Investment Management LLC	added	4.28	461,764	2,823,760	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-27.83	-3,238,550	15,519,400	0.02%
2023-02-23	Portman Square Capital LLP	new	-	1,356,920	1,356,920	0.10%
2023-02-22	CVA Family Office, LLC	sold off	-100	-12,000	-	-%

Latest Funds Activity

Are funds buying CCL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CCL

No. of Funds

CCL Alerts

1 major insider sales recently.

Carnival News

Schedule 13G FIlings of Carnival

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	public investment fund	4.6%	50,830,926	SC 13G/A
Feb 09, 2023	blackrock inc.	5.6%	62,376,247	SC 13G/A
Jan 27, 2023	arison micky meir	7.3%	80,736,445	SC 13D/A
Jan 10, 2023	vanguard group inc	10.06%	111,933,967	SC 13G/A
Mar 11, 2022	blackrock inc.	5.1%	50,009,395	SC 13G
Mar 01, 2022	arison micky meir	8.2%	80,736,445	SC 13D/A
Feb 11, 2022	capital world investors	0.0%	0	SC 13G/A
Feb 09, 2022	vanguard group inc	8.87%	86,991,579	SC 13G/A
Feb 08, 2022	blackrock inc.	5.1%	50,009,395	SC 13G
Feb 16, 2021	capital world investors	0.0%	0	SC 13G/A

CCL Fair Value

Recent SEC filings of Carnival

View All Filings

Date Filed	Form Type	Document
Mar 01, 2023	8-K	Current Report
Feb 28, 2023	ARS	ARS
Feb 28, 2023	DEF 14A	DEF 14A
Feb 28, 2023	DEFA14A	DEFA14A
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for CCL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-21	burke william richard	acquired	-	-	39,532	chief maritime officer
2023-02-21	MIGUEZ ENRIQUE	acquired	-	-	34,590	general counsel
2023-02-21	Bernstein David	sold	-1,186,700	11.0783	-107,119	cfo & cao
2023-02-21	Bernstein David	acquired	-	-	252,021	cfo & cao
2023-02-21	weinstein joshua ian	acquired	-	-	221,098	president & ceo
2023-02-06	weinstein joshua ian	acquired	-	-	45,040	president & ceo
2023-02-06	burke william richard	sold (taxes)	-61,591	11.6695	-5,278	chief maritime officer
2023-02-06	weinstein joshua ian	sold (taxes)	-296,277	11.6695	-25,389	president & ceo
2023-02-06	MIGUEZ ENRIQUE	acquired	-	-	383	general counsel
2023-02-06	MIGUEZ ENRIQUE	sold (taxes)	-1,096	11.6695	-94.00	general counsel

About Carnival

Arnold W. Donald

www.carnivalcorp.com

65535

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.

CCL Income Statement

2022-11-30

Consolidated Statements of Income (Loss) - USD ($)	12 Months Ended
Consolidated Statements of Income (Loss) - USD ($)	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2020
Revenues
Revenues	$ 12,168,000,000	$ 1,908,000,000	$ 5,595,000,000
Operating Costs and Expenses
Commissions, transportation and other	1,630,000,000	269,000,000	1,139,000,000
Onboard and other	1,528,000,000	272,000,000	605,000,000
Payroll and related	2,181,000,000	1,309,000,000	1,780,000,000
Fuel	2,157,000,000	680,000,000	823,000,000
Food	863,000,000	187,000,000	413,000,000
Ship and other impairments	440,000,000	591,000,000	1,967,000,000
Other operating	2,958,000,000	1,346,000,000	1,518,000,000
Operating costs and expenses	11,757,000,000	4,655,000,000	8,245,000,000
Selling and administrative	2,515,000,000	1,885,000,000	1,878,000,000
Depreciation and amortization	2,275,000,000	2,233,000,000	2,241,000,000
Goodwill impairments	0	226,000,000	2,096,000,000
Costs and expenses	16,547,000,000	8,997,000,000	14,460,000,000
Operating Income (Loss)	(4,379,000,000)	(7,089,000,000)	(8,865,000,000)
Nonoperating Income (Expense)
Interest income	74,000,000	12,000,000	18,000,000
Interest expense, net of capitalized interest	(1,609,000,000)	(1,601,000,000)	(895,000,000)
Gain (loss) on debt extinguishment, net	(1,000,000)	(670,000,000)	(459,000,000)
Other income (expense), net	(165,000,000)	(173,000,000)	(52,000,000)
Nonoperating Income (Expense)	(1,701,000,000)	(2,433,000,000)	(1,388,000,000)
Income (Loss) Before Income Taxes	(6,080,000,000)	(9,522,000,000)	(10,253,000,000)
Income Tax Benefit (Expense), Net	(14,000,000)	21,000,000	17,000,000
Net Income (Loss)	$ (6,093,000,000)	$ (9,501,000,000)	$ (10,236,000,000)
Earnings Per Share
Basic (in dollars per share)	$ (5.16)	$ (8.46)	$ (13.20)
Diluted (in dollars per share)	$ (5.16)	$ (8.46)	$ (13.20)
Cruise passenger ticket
Revenues
Revenues	$ 7,022,000,000	$ 1,000,000,000	$ 3,684,000,000
Cruise onboard and other
Revenues
Revenues	$ 5,147,000,000	$ 908,000,000	$ 1,910,000,000

CCL Balance Sheet

2022-11-30

Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 30, 2022	Nov. 30, 2021
Current Assets
Cash and cash equivalents	$ 4,029	$ 8,939
Restricted cash	1,988	14
Short-term investments	0	200
Trade and other receivables, net	395	246
Inventories	428	356
Prepaid expenses and other	652	379
Total current assets	7,492	10,133
Property and Equipment, Net	38,687	38,107
Operating Lease Right-of-Use Assets	1,274	1,333
Goodwill	579	579
Other Intangibles	1,156	1,181
Other Assets	2,515	2,011
Assets	51,703	53,344
Current Liabilities
Short-term borrowings	200	2,790
Current portion of long-term debt	2,393	1,927
Current portion of operating lease liabilities	146	142
Accounts payable	1,050	797
Accrued liabilities and other	1,942	1,641
Customer deposits	4,874	3,112
Total current liabilities	10,605	10,408
Long-Term Debt	31,953	28,509
Long-Term Operating Lease Liabilities	1,189	1,239
Other Long-Term Liabilities	891	1,043
Commitments and Contingencies
Shareholders’ Equity
Additional paid-in capital	16,872	15,292
Retained earnings	269	6,448
Accumulated other comprehensive income (loss) (“AOCI”)	(1,982)	(1,501)
Treasury stock, 130 shares at 2022 and 2021 of Carnival Corporation and 72 shares at 2022 and 67 shares at 2021 of Carnival plc, at cost	(8,468)	(8,466)
Total shareholders’ equity	7,065	12,144
Liabilities and Shareholders' Equity	51,703	53,344
Common stock
Shareholders’ Equity
Common stock	12	11
Ordinary shares
Shareholders’ Equity
Common stock	$ 361	$ 361