Carnival Corp. & plc (NYSE:CCL)

The share price of the company demonstrated notable fluctuations over the analyzed period. Initially, it declined from 52.24 US$ in 2006 to a low point of 18.6 US$ in early 2009, followed by a period of recovery reaching a peak of 71.94 US$ in early 2018. Subsequently, the share price experienced another downturn from 56.4 US$ in 2019 to a trough of 11.02 US$ in 2023, with a partial recovery to 15.83 US$ in 2024.

Operating profit per share (OPPS) followed a somewhat parallel trend but with less pronounced volatility until 2020. From 2006 to 2015, OPPS remained positive and relatively stable, fluctuating between approximately 1.67 US$ and 4.63 US$. The highest OPPS was observed in 2019 at 4.63 US$. However, a significant decline occurred from 2020 onwards, with OPPS plummeting to -7.94 US$ in 2021, remaining negative through 2022 and 2023, before slightly improving to 1.5 US$ in 2024.

The price-to-operating profit ratio (P/OP) mirrored these movements and reflected market sentiment in relation to operational profitability. Initially, the ratio decreased from 16.85 in 2006 to 5.72 in 2009, indicative of a lower share price relative to operating profit per share, possibly reflecting market adjustments during that period. Following this low, the ratio oscillated significantly, rising to a high of 23.63 in 2013, then declining gradually to around 10.08 by 2020. The data for 2021 and 2022 is missing, likely due to the negative operating profits during these years, which renders the ratio calculation inapplicable or less meaningful. The ratio reappeared at 10.57 in 2024, coinciding with the return to positive operating profit.

Overall, the data reveal periods of financial stress affecting operational performance and share price, particularly in the period starting 2020, coinciding with sharply negative operating profits and reduced market valuation. Prior to this, the company exhibited variability in profitability and market valuation, with phases of recovery and decline. The recent slight rebound in operating profit and share price in 2024 may signal early recovery or stabilization following the challenging years.

Share Price Trend

Initial decline from 2006 to 2009, followed by recovery through 2018, then another decline leading to 2023, with some recovery in 2024.

Operating Profit per Share Trend

Stable positive range until 2019, dramatic decline to negative values from 2020 to 2023, slight positive recovery in 2024.

Price-to-Operating Profit Ratio (P/OP)

Fluctuated significantly; low in 2009, peaks around 2013, missing during negative profit years, reappeared in 2024 aligning with improved profitability.

Financial Health Insights

Company experienced significant operational and market challenges starting in 2020, with partial recovery observed in 2024.