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Mark R. Hake, CFA

Carnival Corp Generates Huge Free Cash Flow for its FY 2024 - CCL Looks Undervalued

CCL Carnival Carnival Corp Barchart

Today, Carnival Corp (CCL) reported strong adjusted free cash flow (FCF) for the FY ending Nov. 30, with a 47% higher FCF margin than last year. This implies that CCL stock could be at least 22% undervalued, putting its value at $32.50 per share.

CCL is trading at $26.63 in midday trading, up 7.3% from Dec. 18 when it reached a near-term low of $24.82. In the past 4 months, CCL stock is up over 85% from $14.01 on Aug. 7.

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