Professional
Added to YB: 2023-12-04
Pitch date: 2023-12-04
CCL [bullish]
Carnival Corporation Ltd.
+74.14%
current return
Author Info
No bio for this author
Company Info
Carnival Corporation Ltd., a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.
Market Cap
$35.9B
Pitch Price
$16.03
Price Target
22.00 (-21%)
Dividend
2.31%
EV/EBITDA
7.94
P/E
11.65
EV/Sales
2.27
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)