Carnival CorporationFind Ratings Reports
CARNIVAL CORPORATION & PLC's gross profit margin for the third quarter of its fiscal year 2020 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector. CARNIVAL CORPORATION & PLC has weak liquidity. Currently, the Quick Ratio is 0.84 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 22.89% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q3 FY20||Q3 FY19|
|Net Sales ($mil)||32.0||6533.0|
|Net Income ($mil)||-2859.0||1780.0|
|Balance Sheet||Q3 FY20||Q3 FY19|
|Cash & Equiv. ($mil)||8176.0||1154.0|
|Total Assets ($mil)||50818.0||44001.0|
|Total Debt ($mil)||26341.0||10737.0|
|Profitability||Q3 FY20||Q3 FY19|
|Gross Profit Margin||-1896.88||45.94|
|Return on Assets||-14.93||6.95|
|Return on Equity||-38.92||12.09|
|Debt||Q3 FY20||Q3 FY19|
|Share Data||Q3 FY20||Q3 FY19|
|Shares outstanding (mil)||857.0||687.0|
|Div / share||0.0||0.5|
|Book value / share||22.76||36.82|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||4.6163904E7||4.3852192E7|
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.80 indicates a significant discount versus the S&P 500 average of 3.87 and a significant discount versus the subsector average of 24.76. 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.
|CCL NM||Peers 222.35||CCL NM||Peers 35.86|
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.
CCL's P/E is negative making this valuation measure meaningless.
Neutral. 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.
CCL's P/CF is negative making the measure meaningless.
|CCL NM||Peers 78.43||CCL NA||Peers 0.59|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
CCL's ratio is negative making this valuation measure meaningless.
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.
|CCL 0.80||Peers 24.76||CCL -332.80||Peers 277.82|
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.
CCL 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, CCL is expected to significantly trail its peers on the basis of its earnings growth rate.
|CCL 1.51||Peers 5.16||CCL -49.56||Peers -19.39|
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.
CCL is trading at a significant discount to its subsector on this measurement.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
CCL significantly trails its peers on the basis of sales growth.