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GuruFocus has detected 3 Warning Signs with Carnival Corp $CCL.
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Carnival Corp (NYSE:CCL)
Price-to-Free-Cash-Flow Ratio
20.19 (As of Today)

As of today, Carnival Corp's share price is $55.89. Carnival Corp's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Nov. 2016 was $2.77. Hence, Carnival Corp's Price-to-Free-Cash-Flow Ratio for today is 20.19.

CCL' s Price-to-Free-Cash-Flow ratio Range Over the Past 10 Years
Min: 11.59   Max: 555.43
Current: 20.18

11.59
555.43

During the past 13 years, Carnival Corp's highest Price-to-Free-Cash-Flow Ratio was 555.43. The lowest was 11.59. And the median was 33.97.

CCL's Price-to-Free-Cash-Flow ratio is ranked lower than
56% of the 423 Companies
in the Global Leisure industry.

( Industry Median: 17.43 vs. CCL: 20.18 )

Carnival Corp's Free Cash Flow per Share for the three months ended in Nov. 2016 was $0.51. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in Nov. 2016 was $2.77.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of Carnival Corp was -4.00% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 46.50% per year. During the past 5 years, the average Free Cash Flow per Share Growth Rate was 23.70% per year.

During the past 13 years, Carnival Corp's highest 3-Year average Free Cash Flow per Share Growth Rate was 206.70% per year. The lowest was -69.90% per year. And the median was 18.35% per year.


Definition

Carnival Corp's Price-to-Free-Cash-Flow ratio for today is calculated as

Price-to-Free-Cash-Flow Ratio=Share Price/Free Cash Flow per Share (TTM)
=55.89/2.768
=20.19

Carnival Corp's Share Price of today is $55.89.
Carnival Corp's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Nov. 2016 was 0.609 (Feb. 2016 ) + 0.328 (May. 2016 ) + 1.325 (Aug. 2016 ) + 0.506 (Nov. 2016 ) = $2.77.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:

Price-to-Free-Cash-Flow Ratio=Market Cap/Free Cash Flow

Explanation

Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.

In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.


Be Aware

In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management’s decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.


Related Terms

Free Cash Flow, Free Cash Flow per Share, P/S Ratio, P/B Ratio, P/E Ratio


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Carnival Corp Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15Nov16
pfcf 49.47456.520.00140.0324.5445.1640.9440.5517.5218.57

Carnival Corp Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
pfcf 23.4840.5562.0525.6724.1317.5212.9217.9317.3218.57
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