Carnival Working Capital vs Enterprise Value Analysis
CCL Stock | USD 15.01 0.22 1.49% |
Carnival financial indicator trend analysis is way more than just evaluating Carnival prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carnival is a good investment. Please check the relationship between Carnival Working Capital and its Enterprise Value accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.
Working Capital vs Enterprise Value
Working Capital vs Enterprise Value Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carnival Working Capital account and Enterprise Value. At this time, the significance of the direction appears to have no relationship.
The correlation between Carnival's Working Capital and Enterprise Value is 0.0. Overlapping area represents the amount of variation of Working Capital that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Carnival, assuming nothing else is changed. The correlation between historical values of Carnival's Working Capital and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Working Capital of Carnival are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Working Capital i.e., Carnival's Working Capital and Enterprise Value go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Working Capital
The difference between a company’s current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Enterprise Value
Enterprise Value (or EV) is usually referred to as Carnival theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Carnival debt, but would also pocket its cash. Enterprise Value is more accurate representation of Carnival value than its market capitalization because it takes into account all of Carnival existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from Carnival's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carnival current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.Selling General Administrative is expected to rise to about 3.6 B this year, although the value of Tax Provision will most likely fall to about 11.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 4.8B | 5.3B | 6.1B | 6.4B | Cost Of Revenue | 11.8B | 14.3B | 16.5B | 17.3B |
Carnival fundamental ratios Correlations
Click cells to compare fundamentals
Carnival Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carnival fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.6B | 53.3B | 51.7B | 49.1B | 56.5B | 59.3B | |
Short Long Term Debt Total | 28.4B | 34.6B | 35.9B | 31.9B | 36.7B | 38.5B | |
Other Current Liab | 1.1B | 1.6B | 1.9B | 2.0B | 2.3B | 1.3B | |
Total Current Liabilities | 8.7B | 10.4B | 10.6B | 11.5B | 13.2B | 13.9B | |
Total Stockholder Equity | 20.6B | 12.1B | 7.1B | 6.9B | 7.9B | 13.4B | |
Property Plant And Equipment Net | 39.4B | 39.4B | 40.0B | 41.4B | 47.6B | 50.0B | |
Net Debt | 18.9B | 25.7B | 31.9B | 29.5B | 33.9B | 35.6B | |
Retained Earnings | 16.1B | 6.4B | 269M | 185M | 212.8M | 202.1M | |
Cash | 9.5B | 8.9B | 4.0B | 2.4B | 2.8B | 2.9B | |
Non Current Assets Total | 43.0B | 43.2B | 44.2B | 43.9B | 50.4B | 53.0B | |
Non Currrent Assets Other | 1.6B | 2.0B | 2.5B | 725M | 833.8M | 576.1M | |
Cash And Short Term Investments | 9.5B | 9.1B | 4.0B | 2.4B | 2.8B | 2.9B | |
Net Receivables | 273M | 246M | 395M | 556M | 639.4M | 671.4M | |
Common Stock Shares Outstanding | 775M | 1.1B | 1.2B | 1.3B | 1.5B | 837.5M | |
Liabilities And Stockholders Equity | 53.6B | 53.3B | 51.7B | 49.1B | 56.5B | 59.3B | |
Non Current Liabilities Total | 24.4B | 30.8B | 34.0B | 30.8B | 35.4B | 37.1B | |
Inventory | 335M | 356M | 428M | 528M | 607.2M | 637.6M | |
Other Current Assets | 442M | 392M | 652M | 1.8B | 2.0B | 2.1B | |
Other Stockholder Equity | 5.5B | 6.8B | 8.4B | 8.3B | 9.5B | 10.0B | |
Total Liab | 33.0B | 41.2B | 44.6B | 42.2B | 48.6B | 51.0B | |
Property Plant And Equipment Gross | 39.4B | 57.3B | 40.0B | 41.4B | 47.6B | 50.0B | |
Total Current Assets | 10.6B | 10.1B | 7.5B | 5.3B | 6.1B | 6.4B | |
Accumulated Other Comprehensive Income | (1.4B) | (1.5B) | (2.0B) | (1.9B) | (1.7B) | (1.7B) | |
Short Term Debt | 5.0B | 4.9B | 2.7B | 2.2B | 2.6B | 1.3B | |
Intangible Assets | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | 1.1B | |
Accounts Payable | 624M | 797M | 1.1B | 1.2B | 1.3B | 1.4B | |
Current Deferred Revenue | 1.9B | 3.1B | 4.9B | 6.1B | 7.0B | 7.3B | |
Good Will | 2.9B | 2.9B | 807M | 579M | 665.9M | 632.6M | |
Other Liab | 949M | 1.0B | 891M | 1.1B | 1.3B | 799.7M | |
Long Term Debt | 22.1B | 28.5B | 32.0B | 28.5B | 32.8B | 34.4B | |
Treasury Stock | (7.8B) | (8.4B) | (8.4B) | (8.5B) | (7.6B) | (7.2B) | |
Property Plant Equipment | 38.1B | 38.1B | 38.7B | 41.4B | 47.6B | 31.3B | |
Net Tangible Assets | 19.8B | 11.6B | 6.5B | 5.1B | 4.6B | 4.4B | |
Long Term Debt Total | 9.7B | 22.1B | 28.5B | 32.0B | 36.7B | 38.6B | |
Capital Surpluse | 8.8B | 13.9B | 15.3B | 16.9B | 19.4B | 11.4B |
Pair Trading with Carnival
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carnival position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carnival will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Carnival could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnival when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carnival - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carnival to buy it.
The correlation of Carnival is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carnival moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnival moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carnival can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.Note that the Carnival information on this page should be used as a complementary analysis to other Carnival's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Carnival Stock analysis
When running Carnival's price analysis, check to measure Carnival's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carnival is operating at the current time. Most of Carnival's value examination focuses on studying past and present price action to predict the probability of Carnival's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnival's price. Additionally, you may evaluate how the addition of Carnival to your portfolios can decrease your overall portfolio volatility.
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Is Carnival's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carnival. If investors know Carnival will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carnival listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Earnings Share 0.32 | Revenue Per Share 17.868 | Quarterly Revenue Growth 0.22 | Return On Assets 0.0294 |
The market value of Carnival is measured differently than its book value, which is the value of Carnival that is recorded on the company's balance sheet. Investors also form their own opinion of Carnival's value that differs from its market value or its book value, called intrinsic value, which is Carnival's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carnival's market value can be influenced by many factors that don't directly affect Carnival's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnival's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.