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Carnival Corporation & Plc is a travel services business with stocks listed in the US. Carnival shares (CCL) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was US$14.15 – an increase of 0.86% over the previous week. Here's how to invest if you're based in Australia.
How to buy shares in Carnival
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Carnival. Find the share by name or ticker symbol: CCL. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Carnival reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$14.15, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Carnival, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Carnival. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Carnival key stats
- Compare share trading platforms
- Is Carnival stock a buy or sell?
- Carnival performance over time
- Can I short Carnival shares?
- Is Carnival suitable for ethical investing?
- Are Carnival shares over-valued?
- Carnival's financials
- How volatile are Carnival shares?
- Does Carnival pay a dividend?
- Have Carnival shares ever split?
- Other common questions
How has coronavirus impacted Carnival's share price?
Since the stock market crash in March caused by coronavirus, Carnival's share price has had significant negative movement.
Its last market close was US$14.15, which is 66.06% down on its pre-crash value of US$41.69 and 79.11% up on the lowest point reached during the March crash when the shares fell as low as US$7.9.
If you had bought US$1,000 worth of Carnival shares at the start of February 2020, those shares would have been worth US$280.68 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth US$330.97.
Carnival share priceUse our graph to track the performance of CCL stocks over time.
Carnival shares at a glance
|52-week range||US$7.8 - US$51.3407|
|50-day moving average||US$21.2315|
|200-day moving average||US$16.7799|
|Dividend yield||US$2 (19.59%)|
|Earnings per share (TTM)||US$2.722|
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Is it a good time to buy Carnival stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Carnival price performance over time
|1 week (2021-01-11)||-29.74%|
|1 month (2020-12-18)||-34.06%|
|3 months (2020-10-16)||0.50%|
|6 months (2020-07-17)||-8.53%|
|1 year (2020-01-17)||-72.74%|
|2 years (2019-01-18)||-74.22%|
|3 years (2018-01-18)||-79.50%|
|5 years (2016-01-15)||-71.60%|
Is Carnival under- or over-valued?
Valuing Carnival stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Carnival's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Carnival's P/E ratio
Carnival's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Carnival shares trade at around 6x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Carnival's PEG ratio
Carnival's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.41. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Carnival's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Carnival's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$2.7 billion (£2 billion).
The EBITDA is a measure of a Carnival's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$10.3 billion|
|Gross profit TTM||US$7.9 billion|
|Return on assets TTM||-3.82%|
|Return on equity TTM||-33.89%|
|Market capitalisation||US$22.2 billion|
TTM: trailing 12 months
Shorting Carnival shares
There are currently 57.7 million Carnival shares held short by investors – that's known as Carnival's "short interest". This figure is 32.9% down from 86.0 million last month.
There are a few different ways that this level of interest in shorting Carnival shares can be evaluated.
Carnival's "short interest ratio" (SIR)
Carnival's "short interest ratio" (SIR) is the quantity of Carnival shares currently shorted divided by the average quantity of Carnival shares traded daily (recently around 62.0 million). Carnival's SIR currently stands at 0.93. In other words for every 100,000 Carnival shares traded daily on the market, roughly 930 shares are currently held short.
However Carnival's short interest can also be evaluated against the total number of Carnival shares, or, against the total number of tradable Carnival shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Carnival's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Carnival shares in existence, roughly 50 shares are currently held short) or 0.0862% of the tradable shares (for every 100,000 tradable Carnival shares, roughly 86 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Carnival.
Find out more about how you can short Carnival stock.
Carnival's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Carnival.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Carnival's total ESG risk score
Total ESG risk: 29.72
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Carnival's overall score of 29.72 (as at 01/01/2019) is pretty good – landing it in it in the 33rd percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Carnival is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Carnival's environmental score
Environmental score: 15.93/100
Carnival's environmental score of 15.93 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Carnival is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Carnival's social score
Social score: 16/100
Carnival's social score of 16 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Carnival is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Carnival's governance score
Governance score: 8.29/100
Carnival's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that Carnival is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Carnival's controversy score
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Carnival scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Carnival hasn't always managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||29.72|
|Total ESG percentile||33.28|
|Environmental score percentile||9|
|Social score percentile||9|
|Governance score percentile||9|
|Level of controversy||3|
Carnival share dividends
We're not expecting Carnival to pay a dividend over the next 12 months.
Have Carnival's shares ever split?
Carnival's shares were split on a 2:1 basis on 15 June 1998. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Carnival shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Carnival shares which in turn could have impacted Carnival's share price.
Carnival share price volatility
Over the last 12 months, Carnival's shares have ranged in value from as little as US$7.8 up to US$51.3407. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Carnival's is 2.2773. This would suggest that Carnival's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Carnival Corporation & Plc operates as a leisure travel company. The company's ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. It also provides vacations to various cruise destinations, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches. The company sells its cruises primarily through travel agents and tour operators. It operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. As of January 28, 2020, the company operated 105 ships with 254,000 lower berths. Carnival Corporation & Plc was incorporated in 1972 and is headquartered in Miami, Florida.
Carnival's subsidiary companies
Carnival Cruise Line
Holland America Line
P&O Cruises Australia
Seabourn Cruise Line
Key people at Carnival
Carnival has more than 150,000 employees worldwide. Some of the key figures at Carnival are:
- Christine Duffy, President
- Terry Thornton, Vice President
- Gus Antorcha, Chief Operating Officer
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