Carnival Corp Ltd. · Water Transportation

CCL

Moderate riskNext report: Around Dec 18 (est.)

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The short version

A profitable company with steady sales.

Going well

Profitable
Brings in more cash than it spends
High return on equity: 26%

Watch out for

Share count growing 5.9% a year
High debt: 2.23x equity

Money moves

No insider buying or selling in the last 30 days

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$26.86+2.9% that day

Company value: $36.1B; Share price times all shares
Price vs profit (P/E): 11.7x; You pay about $12 for each $1 of yearly profit
Price vs sales: 1.3x; Company value is 1.3 times a year of sales
Cash vs value: 3%; Cash as a share of company value
Debt vs value: 76%; Debt as a share of company value

From CCL's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Aug '26

$8.4B+3.5% vs a year earlier

Nov '23Tap a barAug '26

Last 12 months: $27.6B, up 5.2% from the 12 months before. Over 5 years, sales grew about 37% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of CCL. Starting points are the company's recent numbers.

Sales growth+5% a yearRecently: +5.2% a yearProfit margin11%Last 12 months: 11.4%P/E at the end12xToday: 11.7x. Many steady companies trade at 12x to 25xShare count change+6% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$35.2B

Profit in 5 years$3.9B

Price these guesses point to$25.83-3.8% vs $26.86 todayAbout -0.8% a year, before dividends

What today's price needs: with a 11% margin and a 12x P/E, sales would have to grow about 5.8% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.25.6%
MissDebt under half of equityNot relying on borrowed money.2.23x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.10.4%
MissProfitable every yearSteady profits, not one good year.6 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.6B
MissShare count not growingNot diluting owners. Falling means buybacks.+18.8% in 3 years

Revenue: $26.6B; +6.4% vs prior year
5-year growth: +36.6%/yr; revenue, per year
Total debt: $27.4B; 2.23x equity
Current ratio: 0.32x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.