$Carnival(CCL)$ Review of quarterly results since Q1 2023 Below, I showed the cash flow statements and debt/ cash items. The trend(s) is very bullish. By end of 2024, net debt will go below 5x EBITDA of same year (2024) and probably below 4x EBITDA of next year (2025). I expect CCL to go back to investment grade by end of 2024 / early 2025. At 10x EBITDA 2024, EV is $56bn By end of 2024, I expect net debt to go to $26.4bn Implied market cap would then be $29.6bn Implied SP by EOY should then be $23.5
$Carnival(CCL)$ If CCL is back in investment grade, the multiple will not be 10x EV but most probably 12x EV... This means a SP of $32 / share. So basically, my target price is between $23 and $32 by end of year. All IMO. Ping if questions on the table below.
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- MulanSG·03-29TOPDid you know if you are going on a princess or carnival cruise and if you own carnival shares you can get about $250 of cruise credit benefits? This benefit is available to shareholders holding a minimum of 100 shares of Carnival Corporation or Carnival plc. So on top of making earings on the shares you can also get cruise benefits :) https://www.carnivalcorp.com/shareholder-information/shareholder-benefit1Report
- JimmyTurner·03-29Can't wait to see how this plays out.LikeReport
- KSR·03-29👍LikeReport