Carnival vs Norwegian Cruise Line
CCL and NCLH side by side, both in water transportation. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How CCL and NCLH compare
Carnival is the larger company, worth 4.8 times as much as Norwegian Cruise Line ($38.8B against $8.1B).
On earnings, Norwegian Cruise Line is cheaper: it trades at 9.7× trailing earnings, against 12.6× for Carnival.
Carnival grew revenue faster over the last twelve months (5.2% versus 4.9% for Norwegian Cruise Line).
Carnival keeps more of each dollar of sales as profit, with a net margin of 11.4% compared with 8.2% at Norwegian Cruise Line.
Carnival pays a dividend yielding 1.6%; Norwegian Cruise Line does not pay one.
Carnival scores higher on the StockData Score (12 against 8 for Norwegian Cruise Line), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | CCL | NCLH |
|---|---|---|
| Size and price | ||
| Market cap | $38.8B | $8.1B |
| Share price | $28.83 | $17.57 |
| Change, 1 year | 3.4% | −20.9% |
| Change, 5 years | 16.3% | −39.2% |
| Beta (5Y) | 1.96 | 1.77 |
| Employees | 160K | 5,300 |
| StockData Score | ||
| Total score | 12 (better) | 8 |
| Valuation score | 4 | 4 |
| Growth score | 3 (better) | 2 |
| Performance score | 3 (better) | 2 |
| Health score | 1 (better) | 0 |
| Dividend score | 1 (better) | 0 |
| Valuation | ||
| P/E | 12.6× | 9.7× (better) |
| P/S | 1.4× | 0.8× (better) |
| P/B | 2.7× | 2.6× (better) |
| EV/EBITDA | 8.4× (better) | 8.7× |
| P/FCF | 12.2× | – |
| FCF yield | 8.2% (better) | −7.0% |
| Fair value | $30.07 | $22.01 |
| Margin of safety | 4.1% | 20.2% (better) |
| Growth | ||
| Revenue growth (TTM) | 5.2% (better) | 4.9% |
| Revenue growth, 5Y average | 36.6% | 50.3% (better) |
| Net income growth (TTM) | 18.7% | 25.5% (better) |
| EPS growth (TTM) | 19.3% | 36.8% (better) |
| Profitability | ||
| Gross margin | – | 41.4% |
| Operating margin | 16.0% (better) | 13.8% |
| Net margin | 11.4% (better) | 8.2% |
| FCF margin | 11.5% (better) | −5.6% |
| Return on equity | 24.0% | 31.2% (better) |
| Return on invested capital | 11.9% (better) | 8.2% |
| Financial health | ||
| Debt / equity | 1.69 (better) | 4.79 |
| Net debt / EBITDA | 3.10 (better) | 5.66 |
| Interest coverage | 3.8× | – |
| Current ratio | 0.27 (better) | 0.22 |
| Altman Z-score | 1.43 (better) | 0.35 |
| Piotroski F-score | 7 | 7 |
| Dividends and buybacks | ||
| Dividend yield | 1.6% | – |
| Shareholder yield | 1.6% (better) | 0.00% |
| Ownership | ||
| Held by institutions | 71.5% | 102% |
| Held by insiders | 7.3% | 1.3% |
| Insider net buying, 12 months | −$13.5M | $30.8M (better) |
| Superinvestors holding | 1 | 3 (better) |
| Short interest, % of float | 3.3% | 21.4% |
Go deeper
- CCL stock overview
- CCL income statement
- CCL valuation and score
- NCLH stock overview
- NCLH income statement
- NCLH valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.