Intrinsic value of Carnival Corporation (CCL)

[per Chepakovich valuation model]

other valuations of CCL

[per Chepakovich valuation model]  See other valuations of CCL stock

Previous Close$21.96
Intrinsic Value
Upside potential
Previous Close
$21.96

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-11-30 and quarterly data as of 2021-02-28.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %-73.1NaN
Revenue, $5595NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m14460NaN
Operating income, $m-8865NaN
EBITDA, $m-6624NaN
Interest expense (income), $mNaN
Earnings before tax, $m-10253NaN
Tax expense, $m-17NaN
Net income, $m-10236NaN

BALANCE SHEET

Cash and short-term investments, $m9513NaN
Total assets, $m53593NaN
Adjusted assets (=assets-cash), $m44080NaN
Average production assets, $m41142NaN
Working capital, $m1877NaN
Total debt, $m23872NaN
Total liabilities, $m33038NaN
Total equity, $m20555NaN
Debt-to-equity ratio1.161NaN
Adjusted equity ratio0.290NaN

CASH FLOW

Net income, $m-10236NaN
Depreciation, amort., depletion, $m2241NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m-6301NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-3286NaN
Free cash flow, $m-3015NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m1877
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN