Professional
Added to YB: 2026-03-26
Pitch date: 2026-03-24
CCL [neutral]
Carnival Corporation & plc
-1.87%
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 & plc, a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.
Market Cap
$35.2B
Pitch Price
$26.22
Price Target
N/A
Dividend
2.36%
EV/EBITDA
8.08
P/E
12.60
EV/Sales
2.30
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.
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