Carnival plc - ADR

Carnival plc - ADR

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Market Cap$36.52B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Carnival plc - ADRCarnival plc - ADR11.61.12%24%1.42.6

Earnings Call Q2 2026

June 23, 2026 - AI Summary

Record Q2 performance; strong profitability despite shocks (good + surprising): - Carnival delivered a record Q2 with net income of $569M, >20% vs. prior year, and >March guidance by ~$100M (+$0.07/share). - EBITDA, yields, revenues, customer deposits all hit records; deposits reached an all-time high of $9B. - Despite extreme geopolitical volatility, historically weak consumer sentiment, and unusually high fuel prices, the company still outperformed—showing operational resilience.
Yields outperformed, but full-year outlook moderated due to the Middle East impact (bad + risk): - Company highlighted unexpectedly persistent geopolitical disruption through most of Q2 (including knock-ons like air travel/fleet disruption). - As a result, Q3+ back half guidance includes moderation, primarily concentrated in European deployments (especially Med) and also driven by elevated airfares / reduced international flight capacity for North American guests. - However, management insists this is “transitory” and that the underlying demand trajectory is intact.
Full-year June guidance: EPS $2.22; yield growth assumptions ~2.25% normalized (forecast): - FY EPS (June guidance): $2.22, +$0.01 vs prior guidance (mainly due to EPS accretion from share repurchases). - Normalized yield growth assumption: ~2.25% (management framed as normalized with adjustments, including loyalty program accounting impacts in Q4 and prior redeployment context). - Management attributed the ~100 bps yield revision vs earlier guidance to geopolitical disruption, but offset it with intensified cost actions.

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$21.62

Current Fair Value

21.3% downside

Overvalued by 21.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$36.52 Billion
Enterprise Value$69.18 Billion
Dividend Yield$0.15 (1.12%)
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 Ratio11.61P/E Ratio
PEG-2.7PEG
Price to Sales1.45Price to Sales
Price to Book Ratio3.05Price to Book Ratio
Enterprise Value to Revenue2.56
Enterprise Value to EBIT18.17
Enterprise Value to Net Income22
Total Debt to Enterprise0.49
Debt to Equity2.62Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
June 23, 2026
EPS Estimate
$0.33
Average shareholder expectation
Revenue Estimate
$6.68 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.8804 288.04%
Total Calls9,200 84.35%
Total Puts26,500 Infinity%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.79% 0.49%
Total Invested$991.57M 24.08%
Investors Holding134 19.00%

ESG Score

No data

About Carnival plc

CEO: Arnold Donald

Relevant Senate Committees

Joint Committee on Taxation

This committee provides critical analysis and revenue estimates for tax legislation. Its influence directly shapes the tax policies that profoundly affect Carnival's corporate structure and financial performance.

Finance

As the committee controlling taxation and trade, it directly impacts Carnival's corporate tax burden and international trade policies, both of which are critical to its profitability and global operations.

Health, Education, Labor, and Pensions

This committee directly influences labor laws (wages, working conditions, unionization) which are crucial for Carnival's large international workforce, and broader health policies impacting passenger and crew well-being.

Commerce, Science, and Transportation

With vast jurisdiction over interstate commerce, the FTC, and transportation, this committee directly regulates consumer protection, advertising, and general commercial practices pertinent to a cruise line.

Environment and Public Works

This committee regulates the EPA, which sets environmental standards for emissions, waste management, and ocean pollution. These regulations directly impact the operational costs and compliance requirements for Carnival's cruise ships.

Foreign Relations

Carnival is an international company, and its operations are heavily influenced by U.S. foreign policy, international treaties, travel advisories, and sanctions, all of which fall under this committee's purview.

Homeland Security and Governmental Affairs

As the primary oversight body for the Department of Homeland Security, this committee impacts port security, customs, and maritime travel regulations which directly affect Carnival's operations and passenger movement.