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Carnival Corporation (CCL)





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Upturn Advisory Summary
06/30/2025: CCL (5-star) is a STRONG-BUY. BUY since 33 days. Profits (23.66%). Updated daily EoD!
Year Target Price $30.6
Year Target Price $30.6
17 | Strong Buy |
5 | Buy |
8 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit 119.33% | Avg. Invested days 38 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 36.96B USD | Price to earnings Ratio 14.27 | 1Y Target Price 30.6 |
Price to earnings Ratio 14.27 | 1Y Target Price 30.6 | ||
Volume (30-day avg) 30 | Beta 2.58 | 52 Weeks Range 13.78 - 28.72 | Updated Date 06/30/2025 |
52 Weeks Range 13.78 - 28.72 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.91 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-06-23 | When Before Market | Estimate 0.2409 | Actual 0.35 |
Profitability
Profit Margin 9.72% | Operating Margin (TTM) 14.76% |
Management Effectiveness
Return on Assets (TTM) 5.16% | Return on Equity (TTM) 30.02% |
Valuation
Trailing PE 14.27 | Forward PE 14.22 | Enterprise Value 63463347626 | Price to Sales(TTM) 1.42 |
Enterprise Value 63463347626 | Price to Sales(TTM) 1.42 | ||
Enterprise Value to Revenue 2.32 | Enterprise Value to EBITDA 9.34 | Shares Outstanding 1167399936 | Shares Floating 1266746466 |
Shares Outstanding 1167399936 | Shares Floating 1266746466 | ||
Percent Insiders 7.59 | Percent Institutions 67.67 |
Analyst Ratings
Rating 5 | Target Price 30.6 | Buy 5 | Strong Buy 17 |
Buy 5 | Strong Buy 17 | ||
Hold 8 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Carnival Corporation

Company Overview
History and Background
Carnival Corporation was founded in 1972 by Ted Arison. It started with a single ship and has grown to become the world's largest cruise company through organic growth and strategic acquisitions.
Core Business Areas
- North America & Australia (NAA): This segment includes cruise brands primarily serving North American and Australian markets, such as Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn.
- Europe: This segment includes cruise brands primarily serving European markets, such as AIDA Cruises, Costa Cruises, and P&O Cruises (UK).
Leadership and Structure
Josh Weinstein is the CEO. The company operates under a dual-listed company structure with Carnival Corporation (CCL) listed on the NYSE and Carnival plc (CUK) listed on the LSE. The brands operate independently under the Carnival Corporation umbrella.
Top Products and Market Share
Key Offerings
- Carnival Cruise Line: Carnival Cruise Line is a major brand offering various cruise itineraries. As of 2023, Carnival Cruise Line has approximately 22 ships, and carries around 5 million passengers annually. Competitors include Royal Caribbean and Norwegian Cruise Line.
- Princess Cruises: Princess Cruises offers premium cruise experiences targeting a higher-end market segment. Competitors include Viking Ocean Cruises and Oceania Cruises.
Market Dynamics
Industry Overview
The cruise industry is recovering from the COVID-19 pandemic, with increasing demand for leisure travel and cruise vacations. The industry is characterized by high capital costs and susceptibility to economic cycles and geopolitical events.
Positioning
Carnival Corporation is the largest cruise company globally, with a significant market share and a portfolio of diverse cruise brands catering to different market segments. Its competitive advantages include its scale, brand recognition, and global network.
Total Addressable Market (TAM)
The global cruise market was valued at $28.1 billion in 2023 and is projected to reach $40.5 billion by 2030. Carnival Corporation is well-positioned to capture a significant portion of this growing market.
Upturn SWOT Analysis
Strengths
- Global brand recognition
- Largest fleet in the cruise industry
- Diverse portfolio of cruise brands
- Extensive distribution network
- Strong customer loyalty programs
Weaknesses
- High debt levels
- Sensitivity to economic downturns
- Exposure to fuel price volatility
- Environmental concerns
- Reputational risks
Opportunities
- Growing demand for cruise vacations
- Expansion into new markets
- Development of new cruise itineraries
- Adoption of sustainable technologies
- Increased onboard revenue generation
Threats
- Economic recessions
- Geopolitical instability
- Health crises (e.g., pandemics)
- Increased competition
- Stringent environmental regulations
Competitors and Market Share
Key Competitors
- RCL
- NCLH
Competitive Landscape
Carnival Corporation benefits from its size and scale, but faces intense competition from Royal Caribbean and Norwegian Cruise Line. These companies compete on price, itineraries, onboard amenities, and customer service.
Growth Trajectory and Initiatives
Historical Growth: Carnival Corporation experienced significant growth before the pandemic, driven by increasing demand for cruise vacations. However, the pandemic severely impacted its operations and financial performance.
Future Projections: Analysts project a gradual recovery in revenue and profitability as demand for cruises rebounds. Future growth will depend on the company's ability to manage debt, control costs, and adapt to changing consumer preferences.
Recent Initiatives: Recent initiatives include fleet optimization, cost-cutting measures, and investments in new technologies to improve efficiency and enhance the customer experience.
Summary
Carnival Corporation, while the largest cruise operator, faces challenges from high debt and economic sensitivities. Its strong brand portfolio and extensive network are strengths, but it must manage debt and adapt to changing consumer preferences. The cruise industry is recovering, presenting growth opportunities, but risks related to economic conditions and health crises remain. Success depends on efficient operations and strategic adaptation.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Data may be outdated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Carnival Corporation
Exchange NYSE | Headquaters Miami, FL, United States | ||
IPO Launch date 1987-07-24 | CEO & Director Mr. Joshua Ian Weinstein | ||
Sector Consumer Cyclical | Industry Travel Services | Full time employees 115000 | Website https://www.carnivalcorp.com |
Full time employees 115000 | Website https://www.carnivalcorp.com |
Carnival Corporation & plc, a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. The company offers its services under the AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn brands. It sells its cruises through travel agents, tour operators, vacation planners, websites, and onboard future cruise consultants. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
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