Carnival Corporation & plc (CCL)
NEUTRALFundamental
64
Preço
$25.84
Capitalização de Mercado
$35.24B
Parte 1 · Quanto vale a empresa
Visão Geral
Carnival Corporation & plc operates cruise ships under brands including Carnival Cruise Line, Princess Cruises, Holland America Line and Cunard, selling multi-day vacations that bundle lodging, meals, entertainment and transportation between ports into one trip. It is the largest cruise operator in the world by fleet size and passenger volume, owns most of the private islands and destination resorts its ships visit, and sells directly to consumers as well as through travel agents.
Como gera receita
Revenue has two parts: passenger ticket revenue, booked and largely paid before the cruise sails, and onboard and other revenue from spending during the trip on drinks, excursions, casinos, wifi and spa services, which carries higher margin than the ticket itself. Because a ship's capacity is fixed and its costs are largely the same whether cabins are full or empty, occupancy and onboard spending per passenger matter more to profit than the headline ticket price.
Receita por segmento
Carnival Cruise Line, Princess Cruises, Holland America Line and other brands sailing itineraries sold mainly to North American and Australian guests.
Cunard, Costa, AIDA and P&O Cruises brands operating itineraries sold mainly to European guests.
O que impulsiona a procura
CíclicoCruising is discretionary leisure spending, so bookings and onboard spending contract when consumer confidence or disposable income falls, and the business proved it can stop almost entirely in a crisis, as it did during the pandemic. Fuel prices, which the company cannot fully pass through to already-booked guests, add a second source of swings unrelated to demand itself.
Principais riscos
- Fuel cost and availability — The company states that increases in fuel costs, changes in the types of fuel consumed, and disruptions in fuel supply may adversely impact scheduled itineraries and costs.
- Environmental and emissions regulation — Greenhouse gas and other emissions rules can materially affect results; the EU Emissions Trading System alone cost the company $91 million in 2025 on the share of emissions currently within its scope, a share set to rise in future years.
- Cybersecurity and data privacy — Cybersecurity incidents and data privacy breaches, along with disruptions to information technology operations, may adversely impact business operations and lead to fines, penalties and reputational damage.
- Regulatory and compliance exposure — Changes in and non-compliance with laws on health, environment, safety, security, data protection, anti-corruption, sanctions and labor can be costly and lead to litigation, enforcement actions and fines across the many jurisdictions the fleet operates in.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balanço & Liquidez
Receita
$27.31B
Últimos 12 meses (até 31/05/2026)
Resultado Líquido
$3.07B
Últimos 12 meses (até 31/05/2026)
Fluxo de Caixa Livre
$2.61B
Capital Próprio Total
$12.27B
Passivo Total
$39.40B
Rácio de Liquidez
0.33
Cobertura de Juros
3.70
Dívida/EBITDA
3.60
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$27.38
Preço Atual
$25.84
Margem de Segurança
+5.6%
Intervalo de Valor Justo
$18.87 - $35.88
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
11.48
ROE
22.5%
Rácio P/B
2.72
P/FCF
11.00
Margem Bruta
-
ROIC
9.1%
Radar de Rentabilidade
Value Creation (Economic Moat)
ROIC
9.1%
WACC
12.2%
ROIC − WACC
-3.1 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Critérios de Análise Fundamental
Aprovado (17)
- ROIC 9.1%
- P/FCF 11.00
- P/B Ratio 2.72
- Debt/Equity ratio
- Operating Margin 16.3%
- Positive Free Cash Flow
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 24.4%
- Revenue Growth 5Y 36.6%
- Analyst Consensus 82% Buy
- Earnings Surprise avg 17.2%
- Earnings Quality (OCF/NI) 2.21
- Net Margin Trend 11.2% vs 9.7%
- Piotroski F-Score 7/9
Reprovado (8)
- EPS shows upward trend
- EPS CAGR -2.08%
- Price CAGR -6.81%
- CapEx intensity
- Current Ratio
- Price below Graham Number
- DCF valuation (Overvalued)
- Share Dilution 2.7%
Indisponível (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Saúde financeira sólida
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A emitir novas ações, diluindo a participação
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. Michael Meir Arison | Executive Chairman of the Board | 76 |
| Mr. Joshua Ian Weinstein | CEO & Director | 51 |
| Mr. David Bernstein | CFO & Chief Accounting Officer | 67 |
| Mr. Enrique Miguez J.D. | General Counsel | 60 |
| Ms. Bettina A. Deynes | Global Chief Human Resources Officer | 52 |
| Mr. Lars Ljoen | Chief Maritime Officer | 55 |
| Ms. Beth Roberts | Senior Vice President of Investor Relations | - |
| Ms. Jody Venturoni | Chief Communications Officer | - |
| Hon. E. H. Horst Rahe | Life President of AIDA Cruises | - |
| Mr. Adolfo M. Perez | Senior Vice President of Trade Sales and Marketing for Carnival Cruise Line | - |
Risco de Auditoria
7
Risco do Conselho
9
Risco de Remuneração
1
Risco dos Direitos dos Acionistas
9
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for CCL, sourced from Markets Gazette.
- 6/18/2026POSITIVECarnival Stock Rises As Oil Prices Fall After MoU
Carnival Corporation (CCL) stock saw a notable increase on Thursday, driven by a significant drop in oil prices. This decline in fuel costs is attributed to a Memorandum of Understanding (MoU) between the U.S. and Iran, potentially leading to the reopening of the Strait of Hormuz. As a major consumer of fuel, the cruise industry, and Carnival in particular, stands to benefit directly from lower operating expenses. This development is viewed positively by investors, suggesting improved profit margins and a more favorable cost environment for the company.
- 6/16/2026NEUTRALCarnival Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Carnival Corporation is set to announce its Q2 earnings on June 23rd. Current analyst consensus anticipates an Earnings Per Share (EPS) of $0.34 and revenue projections of $6.69 billion. While recent analyst ratings from firms like Jefferies, Goldman Sachs, and Credit Suisse show a mixed sentiment with 'Hold', 'Neutral', and 'Outperform' ratings respectively, the upcoming earnings report will be crucial for investors. The market will be looking for any deviations from these forecasts, which could significantly impact the stock's trajectory.
- 5/28/2026NEGATIVECarnival Data Breach Exposes Names, Addresses And Government ID Numbers After Cybercriminals Trick Employee In Social Engineering Attack
Carnival Corporation disclosed a significant data breach following a social engineering attack that compromised an employee account. The breach exposed sensitive personal information including names, addresses, and government identification numbers of individuals. This incident poses substantial risks of identity theft and fraud for those affected, and could lead to significant regulatory fines and reputational damage for Carnival. Investors will be closely monitoring the company's response, potential legal liabilities, and the financial impact of remediation efforts and any potential lawsuits stemming from the compromised data.
- 4/8/2026POSITIVECarnival’s stock soars as the Iran cease-fire provides relief from surging fuel costs
Carnival's stock experienced a significant surge following the announcement of a cease-fire agreement between the U.S. and Iran. This development is expected to provide relief from escalating fuel costs, a major operational expense for cruise lines. Investors are optimistic that reduced fuel prices will improve Carnival's profit margins and enhance consumer spending confidence, potentially leading to increased bookings. The news suggests a more favorable operating environment, which could translate into stronger financial performance for the company in the near to medium term.
- 3/27/2026NEGATIVECarnival cuts profit outlook as a jump in fuel costs offsets record cruise demand
Carnival Corporation & plc has lowered its profit outlook, citing a significant surge in fuel costs. The cruise operator reported that fuel expenses for the current quarter are expected to jump by over 40% compared to the previous quarter. While record cruise demand has been observed, the escalating operational costs are now offsetting this positive trend. This development is likely to impact investor sentiment and could lead to downward revisions in earnings estimates for the company.
- 3/27/2026NEGATIVECarnival Cuts Profit Outlook as Iran War Pushes up Fuel Cost
Carnival Corp. has lowered its full-year profit forecast, citing a significant increase in operational expenses due to soaring crude oil prices. The company, a major player in the cruise industry, is directly impacted by rising fuel costs, which are a substantial component of its operating budget. This revision signals potential headwinds for the company's financial performance in the coming quarters. Investors will be closely watching management's strategies to mitigate these cost pressures and their effectiveness in the current volatile energy market.
- 3/27/2026NEUTRALCarnival Earnings Prediction Market Preview: What Will CEO Josh Weinstein Say?
Kalshi traders are anticipating Carnival Corporation's earnings call, focusing on potential statements from CEO Josh Weinstein. The market's attention is drawn to discussions surrounding oil prices and geopolitical events involving Iran, which could influence management's forward-looking guidance. Investors will be scrutinizing these aspects for insights into the company's operational challenges and strategic responses, particularly concerning fuel costs and potential impacts on consumer travel demand. The outcome of these discussions will be crucial for assessing the near-term outlook for Carnival's stock.
- 3/10/2026NEGATIVEThese Cruise Line Stocks Are Falling Amid War-Driven Volatility
Carnival Corporation & plc (CCL) and other major cruise line stocks are experiencing declines due to escalating geopolitical tensions in the Middle East. The conflict is driving up fuel costs, a significant operational expense for the industry, and raising concerns about potential disruptions to travel routes and consumer demand. Investors are reacting to the increased risk premium associated with the sector, anticipating that higher operating expenses and a possible slowdown in bookings could negatively impact future earnings. This volatility highlights the sensitivity of the cruise industry to global events and energy price fluctuations.
- 3/8/2026NEGATIVECelsius, Carnival Corp., MongoDB Are Among Top 10 Large Cap Losers Last Week (March 2-March 6): Are the Others in Your Portfolio?
Carnival Corporation was among the top 10 large-cap stock decliners for the week of March 2-6, experiencing significant price drops. This decline is attributed to a combination of factors including earnings misses, a weak forward outlook, potential takeover pressures, rising interest rates, and broader market anxieties related to geopolitical events and the evolving demand landscape for AI technologies. Investors are advised to monitor these headwinds closely as they impact the cruise line's valuation and future performance.
- 3/2/2026NEGATIVEWhy Carnival Corporation Stock Sank Today
Carnival Corporation's stock experienced a notable decline today, reflecting growing investor apprehension regarding the Middle East conflict's impact on the cruise industry. The ongoing war presents a dual threat: escalating fuel and maritime insurance costs are eroding profit margins, while geopolitical instability deters travelers, leading to cancellations and reduced future bookings. Markets Gazette analysts highlight the cruise sector's high sensitivity to global events, suggesting the current situation could persist, negatively affecting Carnival's and its competitors' earnings outlook in the short to medium term. Investors are urged to carefully assess geopolitical risks within their portfolios.
via Markets Gazette