Carnival Corp. - Ordinary Shares (Paired Stock)

Carnival Corp. - Ordinary Shares (Paired Stock)

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Market Cap$37.97B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Carnival Corp. - Ordinary Shares (Paired Stock)Carnival Corp. - Ordinary Shares (Paired Stock)12.21.09%24%1.42.6

Earnings Call Q1 2026

March 27, 2026 - AI Summary

Record Performance and Strong Demand: - Carnival Corporation reported record first quarter revenues, net yields, operating income, EBITDA, and customer deposits. Net income reached $275 million, a 55% increase YOY, which was $40 million above prior guidance. Close-in demand has remained robust, with bookings for current year sailings increasing 10% YOY. This reflects strong execution and healthy fundamentals across the business.
Long-Term Financial Targets: - The company introduced the PROPEL plan, targeting return on invested capital (ROIC) above 16% by 2029 and 50% earnings per share (EPS) growth compared to 2025 levels. This includes over $14 billion in cash returned to shareholders, set at more than 40% of cash from operations. These targets emphasize a focus on yield growth, disciplined capacity expansion, and cost management.
Fuel Price Challenges: - While the company has improved operational efficiencies, it faces a $500 million headwind due to higher fuel prices from geopolitical events. Guidance for 2026 suggests EPS will be impacted by increased fuel costs by approximately $0.38 per share. They are adopting a moderate approach to fuel price forecasting based on spot price trends but have not established a hedging program, indicating ongoing exposure to fuel volatility.

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$37.00

Target Price by Analysts

37% upsideCarnival Target Price DetailsTarget Price
$23.08

Current Fair Value

14.6% downside

Overvalued by 14.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$37.97 Billion
Enterprise Value$70.62 Billion
Dividend Yield$0.30 (1.09%)
Earnings per Share$2.1
Beta2.33
Outstanding Shares1,379,000,000

Return

Return on Equity23.77%ROE
Return on Assets6.14%
Return on Invested Capital10.01%

Valuation & Multiples

P/E Ratio12.2P/E Ratio
PEG-2.83PEG
Price to Sales1.42Price to Sales
Price to Book Ratio3.0Price to Book Ratio
Enterprise Value to Revenue2.62
Enterprise Value to EBIT18.55
Enterprise Value to Net Income22
Total Debt to Enterprise0.48
Debt to Equity2.62Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
March 27, 2026
EPS Estimate
$0.18
Average shareholder expectation
Revenue Estimate
$6.14 B
Average shareholder expectation

Next Earnings Call

Expected Date
June 23, 2026
EPS Estimate
$0.34
Average shareholder expectation
Revenue Estimate
$6.68 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.2882 18.23%
Total Calls30,838,793 4.65%
Total Puts39,726,048 16.47%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %63.26% 3.97%
Total Invested$22.54B 51.23%
Investors Holding1,112 63.00%

ESG Score

No data

About Carnival Corp.

CEO: Arnold Donald

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures and future tax burdens that significantly affect Carnival's profitability.

Finance

This powerful committee controls taxation, trade, and entitlement spending, directly impacting Carnival's corporate tax burden, international trade agreements (port access), and consumer disposable income for travel.

Health, Education, Labor, and Pensions

This committee's jurisdiction over labor laws (e.g., minimum wage, union regulations) is highly relevant for Carnival due to its large, often international, workforce. Health guidelines for cruise ships (e.g., CDC) could also be influenced.

Select Committee on Intelligence

Members receive classified briefings on global threats and geopolitical stability, which can directly affect international travel advisories, safety perceptions, and operational routes for a global cruise line.

Commerce, Science, and Transportation

This committee's broad jurisdiction over interstate and international commerce, consumer protection (FTC), and communications (FCC) directly impacts a major travel company like Carnival.

Environment and Public Works

Carnival's cruise ships are subject to stringent environmental regulations from the EPA regarding emissions, waste discharge, and ballast water management, making this committee's oversight highly relevant.

Foreign Relations

As a global cruise operator, Carnival is highly sensitive to U.S. foreign policy, international treaties, travel advisories, and sanctions, all of which are guided by this committee and directly affect destinations and passenger demand.