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Carnival (XBUL:CVC1) Cyclically Adjusted FCF per Share : лв-1.30 (As of Feb. 2025)


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What is Carnival Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Carnival's adjusted free cash flow per share for the three months ended in Feb. 2025 was лв0.422. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is лв-1.30 for the trailing ten years ended in Feb. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -46.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Carnival was 139.10% per year. The lowest was -46.50% per year. And the median was 15.00% per year.

As of today (2025-05-28), Carnival's current stock price is лв20.175. Carnival's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2025 was лв-1.30. Carnival's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Carnival was 246.33. The lowest was 4.77. And the median was 43.66.


Carnival Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Carnival's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carnival Cyclically Adjusted FCF per Share Chart

Carnival Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -1.19

Carnival Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -1.17 -1.14 -1.19 -1.30

Competitive Comparison of Carnival's Cyclically Adjusted FCF per Share

For the Travel Services subindustry, Carnival's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Carnival's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Carnival's Cyclically Adjusted Price-to-FCF falls into.


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Carnival Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Carnival's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=0.422/134.6241*134.6241
=0.422

Current CPI (Feb. 2025) = 134.6241.

Carnival Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201505 2.399 100.333 3.219
201508 2.133 100.548 2.856
201511 0.872 100.135 1.172
201602 1.058 100.040 1.424
201605 0.570 101.355 0.757
201608 2.304 101.617 3.052
201611 0.904 101.829 1.195
201702 1.242 102.779 1.627
201705 1.124 103.256 1.465
201708 2.424 103.587 3.150
201711 0.909 104.072 1.176
201802 1.185 105.052 1.519
201805 0.963 106.148 1.221
201808 1.884 106.383 2.384
201811 0.368 106.338 0.466
201902 -2.535 106.649 -3.200
201905 2.913 108.048 3.630
201908 2.059 108.245 2.561
201911 -2.322 108.519 -2.881
202002 -1.042 109.139 -1.285
202005 -7.385 108.175 -9.191
202008 -6.902 109.662 -8.473
202011 -6.382 109.793 -7.825
202102 -5.204 110.968 -6.313
202105 -2.676 113.576 -3.172
202108 -2.827 115.421 -3.297
202111 -1.313 117.269 -1.507
202202 -6.029 119.703 -6.781
202205 -0.744 123.323 -0.812
202208 -1.294 124.958 -1.394
202211 -1.794 125.607 -1.923
202302 -0.948 126.928 -1.005
202305 0.606 128.314 0.636
202308 1.242 129.538 1.291
202311 0.340 129.548 0.353
202402 -0.509 130.930 -0.523
202405 0.985 132.509 1.001
202408 0.781 132.816 0.792
202411 0.397 133.110 0.402
202502 0.422 134.624 0.422

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Carnival  (XBUL:CVC1) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Carnival was 246.33. The lowest was 4.77. And the median was 43.66.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Carnival Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Carnival's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Carnival Business Description

Industry
Address
3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428
Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.

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