Carnival Corporation Ltd CCL

Morningstar Rating
$25.76 +0.69 (2.75%)
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Company Report

Carnival Benefits From Consumer Appetite for Travel as Positive Bookings Persist Into 2027

Carnival remains a leader in the cruise industry, with eight global brands and more than 90 ships delivering holiday experiences. The global cruise market remains underpenetrated, offering cruise companies a long-term demand opportunity. The ability to reposition and redeploy ships to faster-growing and underrepresented regions like Asia-Pacific has historically helped balance the supply in high-capacity regions like the Caribbean and Mediterranean, a factor that the firm can mobilize to help optimize forward pricing. Postpandemic global demand and occupancy profiles have returned to normalized levels, but we believe there is still support for improving economic performance at Carnival.

Price vs Fair Value

CCL is trading at a LOCK|f?%r?& premium.
Price
$25.07
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

As Carnival faces controlled capacity growth (supply) over the next few years, yields could rise at a faster pace than we currently anticipate.

Bears

The media accessing negative experience commentary regarding cruise incidents could weigh on Carnival's brand image and pricing leverage, making new cruisers hesitant to try cruising. A decrease in new cruisers leads to fewer repeat cruisers.

News

Articles & Videos

Trading Information

Previous Close Price
$25.07
Day Range
$25.22–25.90
52-Week Range
$21.45–34.03
Bid/Ask
$25.77 / $25.81
Shares Outstanding
1.34B
Market Cap
$34.64B
Volume/Avg
27M / 21M

Key Statistics

Price/Earnings (Normalized)
10.58
Price/Sales
1.26
Dividend Yield (Trailing)
1.80%
Dividend Yield (Forward)
1.80%
Dividend Payment Schedule
Feb, May, Aug
Total Yield
1.80%

Company Profile

Carnival is the largest global cruise company, with more than 90 ships in service. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It recently folded its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 14 million guests in 2025.
Sector
Consumer Cyclical
Industry
Travel Services
Stock Style Box
Mid Value
Total Number of Employees
117,000

Competitors

Valuation

Metric
CCL
NCLH
RCL
Price/Earnings (Normalized)
10.586.6816.50
Price/Book Value
2.392.617.05
Price/Sales
1.260.703.92
Price/Cash Flow
5.163.3011.29
Price/Earnings
CCL
NCLH
RCL

Financial Strength

Metric
CCL
NCLH
RCL
Quick Ratio
0.150.080.11
Current Ratio
0.270.200.21
Interest Coverage
3.641.935.40
Quick Ratio
CCL
NCLH
RCL

Profitability

Metric
CCL
NCLH
RCL
Return on Assets (Normalized)
6.34%4.62%10.74%
Return on Equity (Normalized)
25.32%48.10%45.03%
Return on Invested Capital (Normalized)
11.02%11.17%15.93%
Return on Assets
CCL
NCLH
RCL

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Morningstar Rating for Stocks
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Market Cap
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LOCK|NNlv!vDLOCK|kN$$120B
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RCL
LOCK|zd?^HZ#LOCK|!w!q$$72B
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LOCK|$my@<zDLOCK|z#&Y$32B
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TCOM
LOCK|S%w!$PpLOCK|q@FV$25B
Norwegian Cruise Line Holdings Ltd
NCLH
LOCK|KFrk?BkLOCK|T@C!z$7B
Tripadvisor Inc
TRIP
LOCK|sM$M>B@LOCK|qP$982M

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