A Business at a Glance
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CARNIVAL PLC
CUK
$37.5B
Mkt Cap
CARNIVAL PLC (CUK) has a current P/E ratio of 14.7, compared to its historical median P/E of 12.7. The stock is currently considered Fair based on its historical valuation range.
CARNIVAL PLC (CUK) has a 5-year average return on invested capital (ROIC) of -2.2%. This is below average and may indicate limited pricing power.
CARNIVAL PLC (CUK) has a market capitalization of $40.7B. It is classified as a large-cap stock.
CARNIVAL PLC (CUK) does not currently pay a regular dividend.
Based on historical P/E analysis, CARNIVAL PLC (CUK) appears fair. The current P/E of 14.7 is 16% above its historical median of 12.7. The estimated fair value CAGR (P/E method) is -21.8%.
CARNIVAL PLC (CUK) operates in the Water Transportation industry, within the Industrials sector.
CARNIVAL PLC (CUK) reported annual revenue of $26.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
PART I A. Overview Carnival Corporation was incorporated in Panama in 1974 and Carnival plc was incorporated in England and Wales in 2000. Carnival Corporation and Carnival plc operate a dual listed company whereby the businesses of Carnival Corporation and Carnival plc are combined through a number of contracts and through provisions in Carnival Corporation’s Articles of Incorporation and By-Laws and Carnival plc’s Articles of Association. The two companies operate as if they are a single economic enterprise with a single executive management team and identical Boards of Directors, but each has retained its separate legal identity. Carnival Corporation and Carnival plc are both public companies with separate stock exchange listings and their own shareholders. Together with their consolidated subsidiaries, Carnival Corporation and Carnival plc are referred to collectively in this Form 10-K as “Carnival Corporation & plc,” “company,” “our,” “us” and “we.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 26.6B | 26.6B | 25.0B | 21.6B | 12.2B | - |
| Net Income | 2.8B | 2.8B | 1.9B | -74M | -6.1B | -9.5B |
| EPS | $2.02 | $2.02 | $1.44 | $-0.06 | $-5.16 | $-8.46 |
| Free Cash Flow | 2.6B | 2.6B | 1.3B | 997M | -6.6B | -7.7B |
| ROIC | 11.3% | 12.1% | 10.0% | 5.6% | -15.6% | -23.4% |
| Gross Margin | 68.4% | 68.4% | 67.7% | 43.3% | 16.6% | - |
| Debt/Equity | 2.38 | 2.38 | 3.14 | 4.75 | 4.89 | 2.74 |
| Dividends/Share | $0.00 | - | - | - | - | $0.00 |
| Operating Income | 4.5B | 4.5B | 3.6B | 2.0B | -4.4B | -7.1B |
| Operating Margin | 16.8% | 16.8% | 14.3% | 9.1% | -36.0% | - |
| ROE | 22.5% | 25.6% | 20.7% | -1.1% | -86.2% | -78.2% |
| Shares Outstanding | 1,366M | 1,366M | 1,331M | 1,233M | 1,181M | 1,123M |
CARNIVAL PLC passes 1 of 9 quality checks, indicating weak fundamentals.
CARNIVAL PLC trades at 14.7x trailing earnings, compared to its 15-year median P/E of 12.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 2.2x vs a median of 17.7x. The company's 5-year average gross margin is 49.0%. At current prices, the estimated annualized return to fair value is +41.8%.
CARNIVAL PLC (CUK) has a net profit margin of 10.4%. This is a healthy margin.
CARNIVAL PLC (CUK) generated $2.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CARNIVAL PLC (CUK) has a debt-to-equity ratio of 2.38. This indicates higher leverage, which may increase financial risk.
CARNIVAL PLC (CUK) reported earnings per share (EPS) of $2.02 in its most recent fiscal year.
CARNIVAL PLC (CUK) has a return on equity (ROE) of 25.6%. This indicates the company generates strong returns for shareholders.
CARNIVAL PLC (CUK) has a 5-year average gross margin of 49.0%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for CARNIVAL PLC (CUK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CARNIVAL PLC (CUK) has a book value per share of $8.99, based on its most recent annual SEC filing.