Professional
Added to YB: 2024-07-04
Pitch date: 2024-06-25
CCL [bullish]
Carnival Corporation Ltd.
+50.22%
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
$17.61
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
growth
Carnival Corporation & plc: Consumer Demand Signals Full Steam Ahead Through Higher Occupancy and Pricing
CCL: Carnival Q2 net yields +12%, EBITDA +75% YoY. 2024 outlook raised to $5.83B EBITDA (+40% YoY, +15% vs 2019). Strong booking trends, pricing ahead for next 2Q & 2025. Mid-single-digit yield growth expected 2025. $28 PT implies significant undervaluation. Risks: new variants, geopolitics, higher costs.
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