Price to Operating Profit (P/OP)
since 2005
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Royal Caribbean Cruises Ltd. pages available for free this week:
- Cash Flow Statement
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
- Aggregate Accruals
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Calculation
Royal Caribbean Cruises Ltd., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 1, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Royal Caribbean Cruises Ltd. Annual Report.
- Share Price Trend
- The share price experienced significant volatility over the analyzed period. Initially, it declined from $44.50 in early 2006 to a low of $6.84 in early 2009, reflecting a considerable downturn. Subsequently, the share price recovered strongly, reaching a peak of $130.55 in early 2018. However, more recently, the share price has exhibited a downward trend, falling to $73.67 by early 2022.
- Operating Profit Per Share (OPPS) Trend
- Operating profit per share showed fluctuations but generally exhibited growth until 2020. Values increased from around $4.13 in 2006 to a peak of $9.97 in early 2020, indicating improved operational profitability. Nevertheless, a sharp decline occurred from 2020 onwards, with the OPPS turning negative to -$19.37 in early 2021 and slightly improving, though still negative at -$15.18 by early 2022. This suggests significant operational challenges or extraordinary losses in recent years.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio varied widely throughout the period. Early on, ratios ranged roughly between 8.78 and 11.73 from 2006 to 2007, then experienced a sharp drop to as low as 1.76 in early 2009, likely reflecting extremely depressed share price relative to profit. From 2010 to 2016, the ratio generally increased, peaking around 18.32 in early 2016, suggesting high market valuation relative to operating profit during that time. After 2016, the ratio fluctuated and was unavailable post-2020, possibly due to negative operating profits affecting the calculation.
- Overall Analysis
- The data reveal the company underwent substantial financial impact during the global downturn in 2009, as evidenced by both share price and operating profit metrics. Recovery and growth occurred through the 2010s, culminating in peak valuations and profits by 2018-2020. The downturn in operating profits and share prices post-2020 indicate significant adverse events impacting profitability, likely impairing investor confidence and valuation measures. The large negative operating profit posts indicate either large operational losses or extraordinary charges, contributing to a marked decline in financial health during this recent period.
Comparison to Competitors
Royal Caribbean Cruises Ltd., P/OP, long-term trends, comparison to competitors
| Royal Caribbean Cruises Ltd. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
| Mar 1, 2022 | |||||||
| Feb 26, 2021 | |||||||
| Feb 25, 2020 | |||||||
| Feb 22, 2019 | |||||||
| Feb 21, 2018 | |||||||
| Feb 23, 2017 | |||||||
| Feb 22, 2016 | |||||||
| Feb 23, 2015 | |||||||
| Feb 20, 2014 | |||||||
| Feb 25, 2013 | |||||||
| Feb 29, 2012 | |||||||
| Feb 24, 2011 | |||||||
| Feb 23, 2010 | |||||||
| Feb 24, 2009 | |||||||
| Feb 19, 2008 | |||||||
| Feb 28, 2007 | |||||||
| Feb 24, 2006 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).