Professional
Added to YB: 2023-12-04
Pitch date: 2023-12-04
CCL [bullish]
Carnival Corporation & plc
+95.65%
current return
Author Info
No bio for this author
Company Info
Carnival Corporation & plc, a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.
Market Cap
$43.9B
Pitch Price
$16.13
Price Target
22.00 (-30%)
Dividend
1.89%
EV/EBITDA
9.22
P/E
15.73
EV/Sales
2.63
Sector
Hotels, Restaurants and Leisure
Category
growth
Carnival Demand Holds Up Despite Macroeconomic Headwinds, Indicating Appetite to Travel Firm
CCL: Strong post-COVID recovery w/ 90+ ships, 9 brands. Underpenetrated mkt signals LT growth. Prices 25-50% below land vacations but gap to narrow. Cost mgmt key despite profit hits. No-moat rating as ROIC<10.7% WACC til 2028. Risks: media, inflation, COVID, competition. $22 FVE, high uncertainty.
Read full article (8 min)