Carnival Plc ADS ADS
Find Ratings ReportsCARNIVAL CORPORATION & PLC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the subsector when comparing net income growth, but not when comparing revenue growth. CARNIVAL CORPORATION & PLC has very weak liquidity. Currently, the Quick Ratio is 0.26 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 2.59% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 5396.0 | 3838.0 |
EBITDA ($mil) | 979.0 | -136.0 |
EBIT ($mil) | 383.0 | -704.0 |
Net Income ($mil) | -48.0 | -1598.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 2425.0 | 6017.0 |
Total Assets ($mil) | 49120.0 | 51703.0 |
Total Debt ($mil) | 31890.0 | 35881.0 |
Equity ($mil) | 6882.0 | 7065.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 32.75 | 15.76 |
EBITDA Margin | 18.14 | -3.54 |
Operating Margin | 7.1 | -18.34 |
Sales Turnover | 0.44 | 0.24 |
Return on Assets | -0.15 | -11.78 |
Return on Equity | -1.08 | -86.24 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.46 | 0.71 |
Debt/Capital | 0.82 | 0.84 |
Interest Expense | 465.0 | 448.0 |
Interest Coverage | 0.82 | -1.57 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 1264.0 | 1259.0 |
Div / share | 0.0 | 0.0 |
EPS | -0.04 | -1.27 |
Book value / share | 5.44 | 5.61 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1996152.0 | 1509413.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 2.70 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.67. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, CARNIVAL CORPORATION & PLC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CUK NM | Peers 19.67 | CUK 4.34 | Peers 5.71 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. CUK's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CUK is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CUK 5.36 | Peers 8.38 | CUK NA | Peers 0.94 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. CUK is trading at a valuation on par with its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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CUK 2.70 | Peers 4.67 | CUK 97.69 | Peers 128.83 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CUK is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CUK is expected to trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CUK 0.86 | Peers 1.81 | CUK 77.45 | Peers 47.97 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CUK is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. CUK has a sales growth rate that significantly exceeds its peers. |
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