$Carnival(CCL)$ $Carnival(CCL)

$Carnival(CCL)$ 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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Comments

MulanSG
2024-03-29
MulanSG
你知道，如果你要去公主或嘉年华邮轮，如果你拥有嘉年华股份，你可以得到大约250美元的邮轮信贷优惠？这项福利适用于持有至少100股嘉年华公司或嘉年华有限公司股份的股东。因此，除了获得股票收益外，你还可以获得邮轮收益：）https://www.carnivalcorp.com/shorelboard-information/shorelboard-benefit
Vib girl
2024-06-18
Vib girl
How do you prove you have shares to get credit
JimmyTurner
2024-03-29
JimmyTurner
Can't wait to see how this plays out.
KSR
2024-03-29
KSR
👍

Leave a comment

997

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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 $23.5 <a data-mention-id=\"CCL\" class=\"teditor-mention\" data-mention-name=\"Carnival\" href=\"https://ttm.financial/S/CCL\">$Carnival(CCL)$</a> 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 $32 by end of year. All IMO. Ping if questions on the table below. <img src=\"https://community-static.tradeup.com/news/ec09874aa085b405840028d8e73fdb56\" tg-width=\"500\" tg-height=\"259\"> </body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"CCL\" class=\"teditor-mention\" data-mention-name=\"Carnival\" href=\"https://ttm.financial/S/CCL\">$Carnival(CCL)$</a> <v-v data-views=\"1\"></v-v> <a data-mention-id=\"CCL\" class=\"teditor-mention\" data-mention-name=\"Carnival\" href=\"https://ttm.financial/S/CCL\">$Carnival(CCL)$</a> 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 $23.5 <a data-mention-id=\"CCL\" class=\"teditor-mention\" data-mention-name=\"Carnival\" href=\"https://ttm.financial/S/CCL\">$Carnival(CCL)$</a> 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 $32 by end of year. All IMO. Ping if questions on the table below. <img src=\"https://community-static.tradeup.com/news/ec09874aa085b405840028d8e73fdb56\" tg-width=\"500\" tg-height=\"259\"> </body></html>","text":"$Carnival(CCL)$ $Carnival(CCL)$ 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.","highlighted":1,"essential":1,"paper":1,"likeSize":997,"commentSize":4,"repostSize":60,"favoriteSize":0,"link":"https://ttm.financial/post/289273740841064","repostId":0,"isVote":1,"tweetType":1,"viewCount":4216,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["CCL"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":632,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":289334995759160,"commentId":"289334995759160","gmtCreate":1711672950654,"gmtModify":1711675618960,"authorId":4173603401613892,"author":{"id":4173603401613892,"idStr":"4173603401613892","authorId":4173603401613892,"name":"MulanSG","avatar":"https://community-static.tradeup.com/news/c0d6af1f717327bb029a3872ce0818a7","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"投资经理虎","description":"证券账户累计交易金额达到10万美元","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.02.04","exceedPercentage":"60.35%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":289273740841064,"objectIdStr":"289273740841064","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"你知道，如果你要去公主或嘉年华邮轮，如果你拥有嘉年华股份，你可以得到大约250美元的邮轮信贷优惠？这项福利适用于持有至少100股嘉年华公司或嘉年华有限公司股份的股东。因此，除了获得股票收益外，你还可以获得邮轮收益：）https://www.carnivalcorp.com/shorelboard-information/shorelboard-benefit","text":"你知道，如果你要去公主或嘉年华邮轮，如果你拥有嘉年华股份，你可以得到大约250美元的邮轮信贷优惠？这项福利适用于持有至少100股嘉年华公司或嘉年华有限公司股份的股东。因此，除了获得股票收益外，你还可以获得邮轮收益：）https://www.carnivalcorp.com/shorelboard-information/shorelboard-benefit","html":"你知道，如果你要去公主或嘉年华邮轮，如果你拥有嘉年华股份，你可以得到大约250美元的邮轮信贷优惠？这项福利适用于持有至少100股嘉年华公司或嘉年华有限公司股份的股东。因此，除了获得股票收益外，你还可以获得邮轮收益：）https://www.carnivalcorp.com/shorelboard-information/shorelboard-benefit","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0,"disclaimerType":0},{"id":318004986851448,"commentId":"318004986851448","gmtCreate":1718676422823,"gmtModify":1718676771904,"authorId":4181358700932602,"author":{"id":4181358700932602,"idStr":"4181358700932602","authorId":4181358700932602,"name":"Vib girl","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":289273740841064,"objectIdStr":"289273740841064","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"How do you prove you have shares to get credit","text":"How do you prove you have shares to get credit","html":"How do you prove you have shares to get credit","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":289246360498432,"commentId":"289246360498432","gmtCreate":1711651403579,"gmtModify":1711705191598,"authorId":9000000000000136,"author":{"id":9000000000000136,"idStr":"9000000000000136","authorId":9000000000000136,"name":"JimmyTurner","avatar":"https://static.tigerbbs.com/9412ae10bafb07946890558126185d43","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":289273740841064,"objectIdStr":"289273740841064","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Can't wait to see how this plays out.","text":"Can't wait to see how this plays out.","html":"Can't wait to see how this plays out.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":289346480140472,"commentId":"289346480140472","gmtCreate":1711675755791,"gmtModify":1711675759315,"authorId":4121076730674632,"author":{"id":4121076730674632,"idStr":"4121076730674632","authorId":4121076730674632,"name":"KSR","avatar":"https://community-static.tradeup.com/news/7326507c34f41020b4293ec0bc34a77a","vip":1,"crmLevel":11,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":289273740841064,"objectIdStr":"289273740841064","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"👍","text":"👍","html":"👍","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/289273740841064"}