Carnival plc - ADR

Carnival plc - ADR

CUK

Market Cap$33.56B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Carnival plc - ADRCarnival plc - ADR17.8-21%1.43.8

Earnings Call Q4 2024

December 20, 2024 - AI Summary

Strong Financial Performance and Record Revenues: Carnival Corporation reported a fourth quarter net income improvement of over $250 million year-over-year, resulting in full-year revenues hitting an all-time high of $25 billion with nearly $6 billion in cash from operations, demonstrating robust demand and operational efficiency.
Favorable Yield Growth Expectations: The company anticipates a yield growth of over 4% for 2025, which is significantly above historical growth rates. This projection is supported by strong booking trends, higher ticket prices, and increased onboard spending, positioning the company to surpass previous yield guidance significantly.
Significant Debt Reduction and Improved Leverage Metrics: Throughout 2024, Carnival paid down over $5 billion of debt, reducing total debt to $27.5 billion, which is more than $8 billion off peak levels. The company achieved a leverage ratio of 4.3 times net debt to EBITDA, moving closer to investment-grade metrics, with expectations to reach them by 2026.

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$21.62

Current Fair Value

7% downside

Overvalued by 7% based on the discounted cash flow analysis.

Share Statistics

Market cap$33.56 Billion
Enterprise Value$67.65 Billion
Dividend Yield$0 (0%)
Earnings per Share$1.5
Beta2.65
Outstanding Shares1,300,000,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio17.8
PEG-2.43
Price to Sales1.37
Price to Book Ratio3.32
Enterprise Value to Revenue2.95
Enterprise Value to EBIT23.05
Enterprise Value to Net Income35
Total Debt to Enterprise0.52
Debt to Equity3.82

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Carnival plc

CEO: Arnold Donald