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Carnival Corporation & Plc (CCL) is a leading leisure business based in the UK. It opened the day at 976.4p after a previous close of 978.4p. During the day the price has varied from a low of 956.1382p to a high of 1014.5p. The latest price was 980p (25 minute delay). Carnival is listed on the London Stock Exchange (LSE) and employs 150,000 staff. All prices are listed in pence sterling.
Since the stock market crash in March caused by coronavirus, Carnival's share price has had significant negative movement.
Its last market close was 962.8p, which is 68.01% down on its pre-crash value of 3010p and 58.77% up on the lowest point reached during the March crash when the shares fell as low as 606.4p.
If you had bought £1,000 worth of Carnival shares at the start of February 2020, those shares would have been worth £266.86 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £310.31.
|52-week range||606.4p - 3864p|
|50-day moving average||934.001p|
|200-day moving average||1463.4697p|
|Wall St. target price||68.94p|
|Dividend yield||1.56p (23.72%)|
|Earnings per share (TTM)||272.2p|
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 week (2020-08-03)||N/A|
|1 month (2020-07-14)||3.42%|
|3 months (2020-05-10)||N/A|
|6 months (2020-02-10)||N/A|
|1 year (2019-08-10)||N/A|
|2 years (2018-08-10)||N/A|
|3 years (2017-08-10)||N/A|
|5 years (2015-08-10)||N/A|
Valuing Carnival stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Carnival's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Carnival's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, Carnival shares trade at around 5x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
However, Carnival's P/E ratio is best considered in relation to those of others within the leisure industry or those of similar companies.
Carnival's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.8466. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Carnival's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
However, it's sensible to consider Carnival's PEG ratio in relation to those of similar companies.
Carnival's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £2.7 billion.
The EBITDA is a measure of a Carnival's overall financial performance and is widely used to measure a its profitability.
To put Carnival's EBITDA into context you can compare it against that of similar companies.
|Revenue TTM||£16.8 billion|
|Operating margin TTM||2.56%|
|Gross profit TTM||£7.9 billion|
|Return on assets TTM||0.57%|
|Return on equity TTM||-13.14%|
|Market capitalisation||£6.3 billion|
TTM: trailing 12 months
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Carnival.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 25.72
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Carnival's overall score of 25.72 (as at 07/01/2020) is pretty good – landing it in it in the 31st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Carnival is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
To gain some more context, you can compare Carnival's total ESG risk score against those of similar companies.
Environmental score: 11.93/100
Carnival's environmental score of 11.93 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Carnival is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 12/100
Carnival's social score of 12 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Carnival is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 4.29/100
Carnival's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that Carnival is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Carnival scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Carnival hasn't always managed to keep its nose clean.
Wondering how that compares? Below are the controversy scores of similar companies.
|Total ESG score||25.72|
|Total ESG percentile||30.55|
|Environmental score percentile||5|
|Social score percentile||5|
|Governance score percentile||5|
|Level of controversy||3|
Dividend payout ratio: 74.29% of net profits
Recently Carnival has paid out, on average, around 74.29% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 23.72% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Carnival shareholders could enjoy a 23.72% return on their shares, in the form of dividend payments. In Carnival's case, that would currently equate to about 1.56p per share.
Carnival's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 20 February 2020 (the "ex-dividend date").
Carnival's dividend payout ratio is perhaps best considered in relation to those of similar companies.
Carnival's shares were split on a 1:3 basis on 22 April 2003. So if you had owned 3 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Carnival shares – just the quantity. However, indirectly, the new 200% higher share price could have impacted the market appetite for Carnival shares which in turn could have impacted Carnival's share price.
Over the last 12 months, Carnival's shares have ranged in value from as little as 606.4p up to 3864p. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while Carnival's is 1.8577. This would suggest that Carnival's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
To put Carnival's beta into context you can compare it against those of similar companies.
Carnival Corporation & Plc operates as a leisure travel company. The company's ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. It also provides vacations to various cruise destinations, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches. The company sells its cruises primarily through travel agents and tour operators. It operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. As of January 28, 2020, the company operated 105 ships with 254,000 lower berths. Carnival Corporation & Plc was incorporated in 1972 and is headquartered in Miami, Florida.
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