Professional
Added to YB: 2024-10-02
Pitch date: 2024-09-30
CCL [bullish]
Carnival Corporation Ltd.
+43.8%
current return
Author Info
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Company Info
Carnival Corporation Ltd., a cruise company, provides leisure travel services. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.
Market Cap
$33.8B
Pitch Price
$18.40
Price Target
28.00 (+6%)
Dividend
2.39%
EV/EBITDA
7.45
P/E
11.07
EV/Sales
2.09
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Carnival Corporation & plc: Pricing Continues to Shine, Displaying Brand Prowess, Rendering Value in Shares
CCL: Strong Q3 results w/ 8.7% yield growth, flat costs. 2025 bookings ahead at higher prices. Demand remains strong despite consumer fatigue elsewhere. Debt costs improving. Undervalued at $28 PT. Narrow moat from scale, brand, cost advantages. Risks: geopolitics, new variants. Weinstein as new CEO since 2022.
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