Carnival Corp
F:3B5
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Carnival Corp
F:3B5
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US |
Intrinsic Value
The intrinsic value of 
Carnival Corp (3B5) under the Base Case is 35.63 EUR per share.
Compared with the current market price of 23.5 EUR, the stock appears
Undervalued by 34% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Carnival Does
Carnival Corp is one of the world’s largest cruise companies. It owns and runs a group of cruise brands that sell vacation trips at sea, usually bundled with lodging, food, entertainment, and transportation between ports. Its customers are leisure travelers, including families, couples, and groups looking for an all-in-one holiday experience.
- Headquarters
- United States of America US
- Employees
- 114 000
- IPO date
- Jul 31, 1987
Carnival has a narrow economic moat
The main protection comes from cruise loyalty programs: repeat guests may give up brand-specific rewards and recognition by booking elsewhere. This creates some friction, but competitors such as Royal Caribbean, Norwegian and MSC still offer alternatives, so the protection is limited.
Read the full moat analysis
Revenue & Expenses Breakdown
Carnival Corp
Earnings Waterfall
Carnival Corp
The intrinsic value for Carnival Corp (3B5) under the Base Case is 35.63 EUR.
Compared with the current market price of 23.5 EUR, the stock appears Undervalued by 34% .