Carnival Corp
NYSE:CCL
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EV/IC
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Valuation Scenarios
If EV/IC returns to its 3-Year Average (1.1), the stock would be worth $23.8 (11% downside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.2 | $26.66 |
0%
|
| 3-Year Average | 1.1 | $23.8 |
-11%
|
| 5-Year Average | 1.1 | $23.15 |
-13%
|
| Industry Average | 1.9 | $42.72 |
+60%
|
| Country Average | 1.5 | $32.72 |
+23%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| US |
|
Carnival Corp
NYSE:CCL
|
36.7B USD | 1.2 | 11.9 | |
| CN |
H
|
H World Group Ltd
BMV:HTHTN
|
2.7T MXN | 21.4 | 206.7 | |
| US |
|
Booking Holdings Inc
NASDAQ:BKNG
|
131.3B USD | 17.4 | 21.5 | |
| US |
|
Marriott International Inc
NASDAQ:MAR
|
96.2B USD | 4.1 | 36.3 | |
| US |
|
Airbnb Inc
NASDAQ:ABNB
|
85.8B USD | 18.4 | 34.5 | |
| US |
|
Hilton Worldwide Holdings Inc
NYSE:HLT
|
74.7B USD | 6.3 | 50.4 | |
| US |
|
Royal Caribbean Cruises Ltd
NYSE:RCL
|
71.3B USD | 2.2 | 16.8 | |
| US |
V
|
Viking Holdings Ltd
NYSE:VIK
|
36.5B USD | 0 | 0 | |
| UK |
|
Carnival PLC
LSE:CCL
|
26B GBP | 1.2 | 12.5 | |
| CN |
|
Trip.com Group Ltd
HKEX:9961
|
273.1B HKD | 1 | 7.2 | |
| US |
|
Expedia Group Inc
NASDAQ:EXPE
|
30.4B USD | 1.9 | 23.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.9 |
| Median | 1.5 |
| 70th Percentile | 2.9 |
| Max | 566 432.7 |
Other Multiples
Carnival Corp
Glance View
Carnival Corporation, a formidable force on the high seas, orchestrates an elaborate maritime symphony, ferrying millions to destinations across the globe. Founded in 1972, this Miami-based leisure giant has navigated the often turbulent waters of the cruising industry to become one of the most recognized names in travel. With a diverse portfolio of brands including Carnival Cruise Line, Holland America Line, and Princess Cruises, the company offers a comprehensive range of experiences from budget-friendly getaways to opulent voyages, each tailored to a distinct traveler profile. At its core, Carnival leverages its expansive fleet—comprising over 90 vessels—to capitalize on economies of scale, driving operational efficiencies and enhancing shareholder value. Carnival's financial success is anchored to its adept ability to monetize experiences both on and off its ships. The company generates revenue primarily through ticket sales for cruises and carefully curates onboard offerings—dining, entertainment, and shopping—that facilitate substantial ancillary income. Shore excursions provide additional financial streams, inviting passengers to explore exotic locales while simultaneously partnering with local vendors, boosting both local economies and Carnival's bottom line. Additionally, collaboration with travel agents and a robust direct booking platform accentuates customer acquisition and retention, cementing Carnival's pivotal role not only as a transport provider but as a comprehensive orchestrator of holiday experiences.