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Barchart
Barchart
Mark R. Hake, CFA

Carnival Corp Stock Be Worth Over Double Its Present Price More Based on Its Huge FCF

Carnival CCL Carnival Corp

Carnival Corp (CCL) showed in its latest earnings released today it is making large amounts of free cash flow. That is enough to cover its debt payments and could lead to dividends sometime in the future. As a result, CCL stock looks deeply undervalued. It could even lead to a situation where the company could begin paying dividends in the future.

I estimate that CCL stock could be worth well over double from here, based on its huge adj. FCF margins. That means the stock could be worth $43.42 per share, +145% from today.

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