Professional
Added to YB: 2026-03-26
Pitch date: 2026-03-24
CCL [neutral]
Carnival Corporation Ltd.
+0.61%
current return
Author Info
The Lion's Roar is searching for the next long/short idea. Primarily US, SMID cap focused, but looking for value everywhere. Sign up for the newsletter.
Company Info
Carnival Corporation Ltd., a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.
Market Cap
$36.5B
Pitch Price
$26.22
Price Target
N/A
Dividend
2.27%
EV/EBITDA
8.01
P/E
11.82
EV/Sales
2.29
Sector
Hotels, Restaurants and Leisure
Category
growth
Carnival Corporation & plc - $CCL
CCL (overview): Optimized monetization platform w/ captive spend model. Key asset: Celebration Key island (~$280K rev/visit, 75% GM, avoids port fees + fuel costs vs Cozumel/Roatan). High-margin drink packages drive profitability; excursions/retail strong despite aggressive pricing. Risks: repeat cruiser reliance, alcohol dependence (younger gens drink less), poor food quality tolerance, Miami port friction. Automation could shift 2:1 passenger/crew to 3:1, unlocking space for revenue. Sports/gaming undermonetized. $500-600M island capex likely 3-5yr payback at scale.
Read full article (10 min)