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Carnival Corporation (NYSE:CCL)
Price-to-Free-Cash-Flow Ratio
42.30 (As of Today)

As of today, Carnival Corporation's share price is $37.32. Carnival Corporation's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Feb. 2014 was $0.84. Hence, Carnival Corporation's Price-to-Free-Cash-Flow Ratio for today is 42.30.

CCL' s 10-Year Price-to-Free-Cash-Flow ratio Range
Min: 19.36   Max: 638.75
Current: 42.3

19.36
638.75

During the past 13 years, Carnival Corporation's highest Price-to-Free-Cash-Flow Ratio was 638.75. The lowest was 19.36. And the median was 37.09.

CCL's Price-to-Free-Cash-Flow ratiois ranked lower than
61% of the 471 Companies
in the Global Leisure industry.

( Industry Median: 17.62 vs. CCL: 42.30 )

Carnival Corporation's Free Cash Flow per Share for the three months ended in Feb. 2014 was $0.16. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in Feb. 2014 was $0.84.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of Carnival Corporation was 2.30% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 43.10% per year.

During the past 13 years, Carnival Corporation's highest 3-Year average Free Cash Flow per Share Growth Rate was 200.70% per year. The lowest was -69.30% per year. And the median was -10.40% per year.


Definition

Carnival Corporation'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)
=37.32/0.84
=44.43

Carnival Corporation's Share Price of today is $37.32.
Carnival Corporation's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Feb. 2014 was -0.06 (May. 2013 ) + 0.56 (Aug. 2013 ) + 0.18 (Nov. 2013 ) + 0.16 (Feb. 2014 ) = $0.84.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Carnival Corporation Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
pfcf 0.0031.6834.7449.58525.000.00137.7024.4144.9541.03

Carnival Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
pfcf 24.4126.8171.3133.6744.9536.1319.5931.1141.0347.88
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