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Mark R. Hake, CFA

Carnival Corp Stock Looks Cheap to Value Investors Ahead of Earnings Next Week

CCL Carnival Corp Carnival Carnival Corporation Barchart TTM Yahoo Finance

Carnival Corporation (CCL) looks undervalued to value investors ahead of its Q3 earnings release next Tuesday (29th), before the market opens. For example, its forward P/E ratio is just 10x, versus an average of 13x over the last 2 years.

Moreover, the cruise company is generating strong free cash flow (FCF) and high FCF margins. This allows it to reduce its debt pile, buy back shares, and pay dividends - everything value investors love.

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