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Barchart

Mark R. Hake, CFA

Carnival Corp's Free Cash Flow Surges - CCL Stock Looks Deeply Undervalued

CCL Carnival Carnival Corp Barchart Mark R Hake NTM OTM

Carnival Corp. (CCL) reported strong EBITDA and net income results today for its fiscal Q2 ended May 31 and raised guidance for the year. Moreover, its free cash flow more than doubled, and FCF margins skyrocketed. That leaves CCL stock undervalued by at least 34% at $34.62 per share. This article will show why.

CCL is at $25.74 in midday trading on Tuesday, June 24, up over 7% for the day. However, based on its strong FCF margins and analysts' revenue forecasts, CCL stock could be worth substantially more, as this article will show.

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