` Comparison: RC8, CCL - Alpha Spread

RC8
vs
CCL

Over the past 12 months, RC8 has underperformed CCL, delivering a return of +10% compared to the CCL's +25% growth.

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RC8
CCL
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Valuation Comparison

RC8 Intrinsic Value
272.65 EUR
Undervaluation 8%
Intrinsic Value
Price
CCL Intrinsic Value
36.06 USD
Undervaluation 11%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Royal Caribbean Cruises Ltd
XMUN:RC8
250 EUR
Carnival Corp
NYSE:CCL
32.2 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
RC8, CCL

RC8
CCL
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Royal Caribbean Cruises Ltd
Revenue
Carnival Corp
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
RC8, CCL

RC8
CCL
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Royal Caribbean Cruises Ltd
XMUN:RC8
Carnival Corp
NYSE:CCL
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What is Free Cash Flow?

Gross Margin

RC8
50.3%
CCL
54.2%

Operating Margin

RC8
26.5%
CCL
16.4%

Net Margin

RC8
23.3%
CCL
10.1%

FCF Margin

RC8
11.7%
CCL
11.1%

ROE

RC8
47.5%
CCL
25.7%

ROA

RC8
10.5%
CCL
5.3%

ROIC

RC8
12.4%
CCL
9%

ROCE

RC8
16.5%
CCL
11.2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
RC8, CCL

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Performance Gap
RC8, CCL

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RC8
CCL
Difference
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Performance By Year
RC8, CCL

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RC8
CCL
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