Carnival Corporation Ltd. Financial Ratios — CCL Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Return on Common Equity (%)	8.16	5.44	4.35	4.99	7.32	11.99	11.13	12.96	12.01	-44.58	-58.11	-63.44	-1.06	23.75	25.63
Return on Assets (%)	5.02	3.34	2.66	3.06	4.47	7.11	6.54	7.58	6.84	-20.75	-17.77	-11.6	-0.15	3.9	5.48
Return on Capital (%)	6.94	4.95	- -	4.46	5.98	9.29	8.56	9.81	8.91	- -	- -	- -	- -	- -	10.47
Return on Invested Capital (%)	6.88	4.96	- -	5.22	7.64	9.35	8.4	9.59	8.93	- -	- -	- -	- -	- -	11.39
Gross Margin (%)	34.79	32.91	31.13	34.39	39.88	42.75	40.03	41.27	38.01	-47.39	-143.97	3.39	33.7	37.5	40.1
EBITDA Margin (%)	23.92	20.6	18.89	21.46	26.73	29.34	26.58	28.29	26.1	-118.41	-254.51	-17.29	20.03	24.5	27.32
Operating Margin (%)	14.28	11.8	8.68	11.16	16.38	18.74	16.55	17.61	15.73	-121.02	-359.8	-35.98	9.06	14.28	16.84
Incremental Operating Margin (%)	- -	107.06	- -	100.47	- -	73.63	- -	31.09	- -	65.96	2.58	24.24	67.21	47.2	56.75
Pretax Margin (%)	12.11	8.46	6.79	7.71	11.45	17.26	15.23	16.99	14.69	-183.29	-499.06	-49.96	-0.29	7.65	10.41
Profit Margin (%)	12.11	8.44	6.83	7.66	11.18	16.96	14.88	16.69	14.36	-182.98	-497.96	-50.07	-0.34	7.66	10.37
Net Income to Common Margin (%)	12.11	8.44	6.83	7.66	11.18	16.96	14.88	16.69	14.36	-182.98	-497.96	-50.07	-0.34	7.66	10.37
Effective Tax Rate (%)	- -	0.31	- -	0.73	2.33	1.73	2.25	1.68	2.32	- -	- -	- -	- -	- -	0.43
Dvd Payout Ratio (%)	35.09	60.02	110.33	63.82	46.44	35.16	41.71	42.97	46.4	-6.73	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	5.3	2.17	-0.45	1.8	3.92	7.77	6.49	7.39	6.43	-47.58	-58.11	-63.44	-1.06	23.75	25.63

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Total Debt	9,353	8,902	9,560	9,088	8,787	9,399	9,195	10,323	11,502	28,380	34,607	35,881	31,891	28,876	27,993
ST Debt	1,300	1,734	1,468	1,725	1,374	1,097	2,202	2,426	1,827	4,977	4,859	2,739	2,238	1,701	2,778
LT Debt	8,053	7,168	8,092	7,363	7,413	8,302	6,993	7,897	9,675	23,403	29,748	33,142	29,653	27,175	25,215
Total Debt/EBITDA	2.48	2.81	3.28	2.67	2.09	1.95	1.98	1.93	2.12	-4.28	-7.13	-17.05	7.37	4.71	3.85
Net Debt/EBITDA	2.36	2.66	3.12	2.57	1.76	1.83	1.89	1.75	2.02	-2.63	-5	-14.5	6.51	4.28	3.4
Total Debt/EBIT	4.15	5.42	7.19	5.13	3.41	3.06	3.27	3.1	3.51	-3.2	-4.88	-8.19	16.3	8.08	6.24
Net Debt/EBIT	3.95	5.14	6.85	4.94	2.87	2.86	3.13	2.81	3.35	-1.97	-3.43	-6.97	14.4	7.35	5.51
EBITDA to Interest Expense	10.35	9.43	9.15	11.84	19.35	21.57	23.51	27.54	26.39	-7.4	-3.03	-1.31	2.09	3.49	5.39
EBITDA-CapEx/Interest Expense	2.96	2.49	2.41	2.87	8.78	7.83	8.64	8.21	0.03	-11.45	-5.29	-4.38	0.5	0.86	2.71
EBIT to Interest Expense	6.18	5.4	4.21	6.15	11.86	13.77	14.64	17.13	15.9	-7.56	-4.29	-2.72	0.95	2.04	3.32
Interest Expense	365	336	319	288	217	223	198	194	206	895	1,601	1,609	2,066	1,755	1,349
Common Equity/Total Assets	61.68	61.1	61.23	61.36	60.58	58.12	59.38	57.65	56.29	38.35	22.77	13.66	14.01	18.86	23.77
Long-Term Debt/Equity (%)	33.79	29.96	32.95	30.42	31.19	36.74	28.88	32.31	38.14	113.86	244.96	469.17	430.82	293.72	205.27
Long-Term Debt/Capital (%)	24.27	21.83	23.72	22.12	22.77	25.95	20.93	22.71	26.24	47.82	63.63	77.17	76.48	71.27	62.6
Long-Term Debt/Total Assets (%)	20.84	18.3	20.18	18.67	18.89	21.35	17.15	18.62	21.47	43.67	55.77	64.1	60.37	55.39	48.78
Total Debt/Equity (%)	39.25	37.2	38.93	37.55	36.97	41.59	37.97	42.23	45.35	138.07	284.97	507.94	463.33	312.11	227.88
Total Debt/Capital (%)	28.18	27.11	28.02	27.3	26.99	29.38	27.52	29.69	31.2	58	74.02	83.55	82.25	75.73	69.5
Total Debt/Total Assets (%)	24.21	22.73	23.84	23.04	22.39	24.17	22.55	24.35	25.53	52.95	64.88	69.4	64.92	58.86	54.16
Net Debt to Equity	37.36	35.26	37.05	36.18	31.1	38.93	36.34	38.22	43.3	84.86	199.99	432.01	409.08	283.87	201.17
Net Debt/Capital (%)	27.2	26.07	27.03	26.57	23.72	28.02	26.65	27.65	30.22	44.25	64.23	78.42	77.44	71.14	64.44
EBITDA	3,777	3,169	2,919	3,409	4,200	4,809	4,655	5,342	5,436	-6,624	-4,856	-2,104	4,326	6,131	7,273
EBITDA-CapEx	1,081	837	770	826	1,906	1,747	1,711	1,593	7	-10,244	-8,463	-7,044	1,042	1,505	3,662
Operating Income (Loss)	2,255	1,815	1,342	1,772	2,574	3,071	2,898	3,324	3,276	-6,770	-6,865	-4,378	1,956	3,574	4,482

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Cash Ratio	0.07	0.06	0.07	0.05	0.2	0.09	0.04	0.11	0.06	1.1	0.88	0.38	0.21	0.1	0.15
Current Ratio	0.21	0.25	0.29	0.21	0.35	0.24	0.18	0.24	0.23	1.22	0.97	0.71	0.46	0.29	0.32
Quick Ratio	0.12	0.16	0.19	0.12	0.24	0.13	0.08	0.15	0.11	1.13	0.9	0.42	0.26	0.15	0.2
CFO/Avg Current Liab	0.64	0.45	0.4	0.5	0.66	0.73	0.67	0.62	0.6	-0.71	-0.43	-0.16	0.39	0.51	0.5
Common Equity/Total Assets	61.68	61.1	61.23	61.36	60.58	58.12	59.38	57.65	56.29	38.35	22.77	13.66	14.01	18.86	23.77
Long-Term Debt/Equity (%)	33.79	29.96	32.95	30.42	31.19	36.74	28.88	32.31	38.14	113.86	244.96	469.17	430.82	293.72	205.27
Long-Term Debt/Capital (%)	24.27	21.83	23.72	22.12	22.77	25.95	20.93	22.71	26.24	47.82	63.63	77.17	76.48	71.27	62.6
Long-Term Debt/Total Assets (%)	20.84	18.3	20.18	18.67	18.89	21.35	17.15	18.62	21.47	43.67	55.77	64.1	60.37	55.39	48.78
Total Debt/Equity (%)	39.25	37.2	38.93	37.55	36.97	41.59	37.97	42.23	45.35	138.07	284.97	507.94	463.33	312.11	227.88
Total Debt/Capital (%)	28.18	27.11	28.02	27.3	26.99	29.38	27.52	29.69	31.2	58	74.02	83.55	82.25	75.73	69.5
Total Debt/Total Assets (%)	24.21	22.73	23.84	23.04	22.39	24.17	22.55	24.35	25.53	52.95	64.88	69.4	64.92	58.86	54.16
CFO/Total Liabilities	25.44	19.69	18.23	22.5	29.39	31.53	32.13	30.9	27.8	-19.07	-9.97	-3.74	10.14	14.88	15.78
CFO/CapEx	1.4	1.29	1.32	1.33	1.98	1.68	1.81	1.48	1.01	-1.74	-1.14	-0.34	1.3	1.28	1.72
Altman's Z-Score	2.32	2.35	2.22	2.55	2.86	2.83	3.1	2.88	2.42	0.55	0.06	0.06	0.71	1.13	1.27

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Accounts Receivable Turnover	61.81	57.72	45.8	43.1	49.49	54.54	57.41	56.36	51.93	15.6	7.35	37.97	45.41	43.67	41.99
Days Sales Outstanding	5.9	6.32	7.97	8.47	7.37	6.69	6.36	6.48	7.03	23.39	49.64	9.61	8.04	8.36	8.69
Inventory Turnover	29.68	27.02	27.87	28.83	27.83	28.78	29.62	26.5	29.44	21.64	13.47	29.99	29.95	30.22	31.52
Days Inventory Outstanding	12.3	13.51	13.1	12.66	13.12	12.68	12.32	13.78	12.4	16.87	27.09	12.17	12.19	12.08	11.58
Accounts Payable Turnover	19.19	18.38	17.89	16.44	15.05	13.99	14.33	14.95	17.34	11.82	6.58	12.81	13	13.57	13.41
Accounts Payable Turnover Days	19.02	19.86	20.4	22.21	24.25	26.09	25.48	24.42	21.05	30.89	55.46	28.5	28.08	26.89	27.22
Cash Conversion Cycle	-0.82	-0.03	0.67	-1.08	-3.76	-6.71	-6.8	-4.16	-1.62	9.37	21.27	-6.71	-7.85	-6.45	-6.94
Inventory to Cash Days	-6.39	-7.19	-5.13	-4.19	-5.74	-5.99	-5.96	-7.3	-5.37	6.52	22.55	-2.56	-4.15	-3.72	-2.89
Inventories	374	390	374	349	330	322	387	450	427	335	356	428	528	507	505
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	374	390	374	349	330	322	387	450	427	335	356	428	528	507	505

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Market Capitalization	25,796	30,000	28,021	34,312	39,009	37,324	47,130	41,962	30,834	21,713	20,016	12,502	19,036	33,262	33,853
- Cash & Cash Equivalents	450	465	462	331	1,395	603	395	982	518	9,513	8,939	4,029	2,415	1,210	1,928
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	9,353	8,902	9,560	9,088	8,787	9,399	9,195	10,323	11,502	28,380	34,607	35,881	31,891	28,876	27,993
Enterprise Value	34,699	38,437	37,119	43,069	46,401	46,120	55,930	51,303	41,818	40,580	45,484	44,354	48,512	60,928	59,918
Total Capital	33,185	32,831	34,116	33,292	32,558	31,996	33,411	34,766	36,867	48,935	46,751	42,945	38,774	38,128	40,277
Total Debt/Capital (%)	28.18	27.11	28.02	27.3	26.99	29.38	27.52	29.69	31.2	58	74.02	83.55	82.25	75.73	69.5
Total Debt / EV	0.27	0.23	0.26	0.21	0.19	0.2	0.16	0.2	0.28	0.7	0.76	0.81	0.66	0.47	0.47
EV/Sales	2.2	2.5	2.4	2.71	2.95	2.81	3.19	2.72	2.01	7.25	23.84	3.64	2.25	2.44	2.25
EV/EBITDA	9.19	12.13	12.72	12.63	11.05	9.59	12.01	9.6	7.69	- -	- -	- -	11.21	9.94	8.24
EV/EBIT	15.39	23.41	27.93	24.31	18.03	15.02	19.91	15.43	12.76	- -	- -	- -	24.8	17.05	13.37
EV/Cash Flow to Firm	8.4	11.53	- -	11.59	9.75	8.62	10.14	8.94	7.37	- -	- -	- -	- -	- -	7.92
EV/Free Cash Flow to Firm	24.18	38.36	- -	38.02	18.84	20.13	21.75	25.77	169.15	- -	- -	- -	- -	- -	15.17
Diluted Market Cap	26,195	30,116	28,057	34,356	39,363	38,403	47,589	42,806	31,195	15,485	19,787	11,717	19,006	35,551	36,144
Diluted Enterprise Value	35,098	38,553	37,155	43,113	46,755	47,199	56,389	52,147	42,179	34,352	45,255	43,569	48,482	63,217	62,209
EV per Share	44.66	49.53	47.83	55.43	60.11	63.53	77.9	73.71	61.14	37.34	40.04	35.23	38.38	46.58	45.63
TTM Sales	15,793	15,382	15,456	15,884	15,714	16,389	17,510	18,880	20,825	5,594	1,908	12,169	21,593	25,021	26,621
TTM EBITDA	3,777	3,169	2,919	3,409	4,200	4,809	4,655	5,342	5,436	-6,624	-4,856	-2,104	4,326	6,131	7,273
TTM Operating Income	2,255	1,815	1,342	1,772	2,574	3,071	2,898	3,324	3,276	-6,770	-6,865	-4,378	1,956	3,574	4,482
TTM Cash Flow to Firm	4,131	3,334	- -	3,716	4,757	5,353	5,516	5,740	5,676	- -	- -	- -	- -	- -	7,561
TTM Free Cash Flow to Firm	1,435	1,002	- -	1,133	2,463	2,291	2,572	1,991	247	- -	- -	- -	- -	- -	3,950

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Price/Free Cash Flow	24.48	45.15	40.96	40.56	17.49	18.53	20.01	23.78	678.16	-1.56	-2.56	-1.77	19.06	27.41	13.86
EV/EBIT	15.39	23.41	27.93	24.31	18.03	15.02	19.91	15.43	12.76	- -	- -	- -	24.8	17.05	13.37
Enterprise Value	34,699	38,437	37,119	43,069	46,401	46,120	55,930	51,303	41,818	40,580	45,484	44,354	48,512	60,928	59,918
Low Price	28.52	29.15	31.44	33.11	41.86	40.52	49.73	53.47	39.92	7.8	17.11	6.11	7.53	13.78	15.07
EV/Sales	2.2	2.5	2.4	2.71	2.95	2.81	3.19	2.72	2.01	7.25	23.84	3.64	2.25	2.44	2.25
EV/EBITDA	9.19	12.13	12.72	12.63	11.05	9.59	12.01	9.6	7.69	- -	- -	- -	11.21	9.94	8.24
Price/Earnings	13.67	23.17	26.53	28.18	22.35	13.78	18.21	13.56	10.4	- -	- -	- -	- -	16.91	12.25
Price/Earnings Average	15.57	20.21	26.11	24.68	21.26	12.99	17.12	14.23	11.55	- -	- -	- -	- -	11.57	12.2
Price/Earnings High	19.81	23.62	29.35	28.36	24.14	14.95	19.39	16.35	14.15	- -	- -	- -	- -	17.16	15.59
Price/Earnings Low	11.74	17.47	23.1	21.13	18.51	10.86	13.8	12.03	9.21	- -	- -	- -	- -	9.16	7.16
Price/Book Value	1.08	1.25	1.14	1.42	1.64	1.65	1.95	1.72	1.22	1.06	1.65	1.77	2.77	3.6	2.76
Price/Book Value Average	1.23	1.09	1.12	1.24	1.56	1.56	1.83	1.8	1.35	1.22	2.27	2.52	2.3	2.46	2.74
Price/Book Value High	1.57	1.28	1.26	1.43	1.77	1.79	2.07	2.07	1.65	2.75	2.95	4.25	3.59	3.65	3.51
Price/Book Value Low	0.93	0.95	0.99	1.06	1.36	1.3	1.47	1.52	1.08	0.41	1.6	1.09	1.38	1.95	1.61
Price/Tangible Book Value	1.34	1.54	1.4	1.73	2.01	2.03	2.35	2.06	1.45	1.17	1.93	2.35	3.71	4.43	3.22
Price/Tangible Book Value Average	1.53	1.35	1.38	1.52	1.91	1.91	2.21	2.16	1.61	1.35	2.66	3.34	3.09	3.03	3.2
Price/Tangible Book Value High	1.95	1.57	1.55	1.74	2.17	2.2	2.5	2.49	1.97	3.04	3.45	5.64	4.81	4.49	4.09
Price/Tangible Book Value Low	1.16	1.16	1.22	1.3	1.66	1.6	1.78	1.83	1.28	0.46	1.87	1.44	1.85	2.4	1.88
Price/Sales	1.65	1.96	1.81	2.16	2.5	2.34	2.71	2.26	1.49	2.77	10.37	0.96	0.88	1.29	1.27
Price/Sales Average	1.89	1.71	1.78	1.89	2.38	2.2	2.55	2.38	1.66	3.19	14.28	1.37	0.73	0.89	1.26
Price/Sales High	2.4	1.99	2	2.17	2.7	2.54	2.89	2.73	2.03	7.2	18.55	2.31	1.14	1.31	1.62
Price/Sales Low	1.42	1.47	1.58	1.62	2.07	1.84	2.05	2.01	1.32	1.08	10.07	0.59	0.44	0.7	0.74
Price/Cash Flow	6.94	10.03	9.87	9.99	8.64	7.46	8.92	7.7	5.68	-2.46	-4.82	-7.02	4.44	5.47	5.44
Price/Cash Flow Average	7.91	8.75	9.72	8.75	8.22	7.03	8.38	8.08	6.31	-2.83	-6.63	-10	3.7	3.74	5.41
Price/Cash Flow High	10.06	10.22	10.92	10.05	9.33	8.09	9.49	9.29	7.73	-6.39	-8.61	-16.86	5.76	5.55	6.92
Price/Cash Flow Low	5.96	7.56	8.6	7.49	7.16	5.88	6.76	6.83	5.03	-0.96	-4.68	-4.32	2.22	2.96	3.18
Price/Free Cash Flow Average	27.9	39.38	40.31	35.53	16.63	17.46	18.81	24.96	753.12	-1.8	-3.53	-2.53	15.87	18.75	13.8
Price/Free Cash Flow High	35.5	46.02	45.32	40.82	18.89	20.11	21.31	28.68	922.32	-4.06	-4.59	-4.26	24.75	27.81	17.64
Price/Free Cash Flow Low	21.03	34.04	35.66	30.41	14.49	14.61	15.16	21.09	600.54	-0.61	-2.49	-1.09	9.53	14.85	8.1
EV/Sales Average	2.43	2.25	2.37	2.44	2.83	2.68	3.03	2.83	2.17	7.84	27.8	4.08	2.1	2.02	2.24
EV/Sales High	2.93	2.54	2.59	2.73	3.15	3.01	3.37	3.17	2.54	13.46	32.11	5.09	2.51	2.45	2.6
EV/Sales Low	1.97	2.02	2.17	2.17	2.53	2.33	2.54	2.47	1.84	4.89	23.54	3.25	1.81	1.83	1.72
EV/EBITDA Average	10.14	10.92	12.56	11.38	10.6	9.14	11.41	9.99	8.32	- -	- -	- -	10.48	8.22	8.22
EV/EBITDA High	12.26	12.31	13.74	12.7	11.79	10.25	12.67	11.22	9.73	- -	- -	- -	12.53	10.02	9.51
EV/EBITDA Low	8.22	9.8	11.47	10.12	9.45	7.95	9.56	8.72	7.04	- -	- -	- -	9.01	7.45	6.3
EV/EBIT Average	16.98	21.07	27.6	21.9	17.29	14.32	18.9	16.05	13.81	- -	- -	- -	23.17	14.11	13.33
EV/EBIT High	20.54	23.76	30.17	24.43	19.24	16.05	21	18.03	16.15	- -	- -	- -	27.7	17.18	15.42
EV/EBIT Low	13.78	18.91	25.2	19.46	15.43	12.44	15.84	14	11.69	- -	- -	- -	19.94	12.78	10.23
Last Price	33.2	38.66	36.11	44.16	50.53	51.41	65.64	60.29	45.08	19.98	17.62	9.93	15.06	25.43	25.78
High Price	48.14	39.4	39.95	44.44	54.59	55.77	69.89	72.7	61.31	51.94	31.52	23.86	19.55	25.8	32.8
Enterprise Value Average	38,300	34,604	36,677	38,809	44,499	43,965	53,093	53,381	45,226	43,863	53,039	49,671	45,323	50,418	59,755
Enterprise Value High	46,308	39,011	40,099	43,287	49,535	49,285	58,981	59,940	52,919	75,312	61,275	61,887	54,187	61,412	69,136
Enterprise Value Low	31,063	31,057	33,495	34,483	39,708	38,214	44,506	46,556	38,289	27,344	44,905	39,544	38,994	45,690	45,854

Shares Outstanding	777	776	776	777	772	726	718	696	684	1,087	1,136	1,259	1,264	1,308	1,313
Diluted Weighted Avg Shares	789	779	777	778	779	747	725	710	692	775	1,123	1,180	1,262	1,398	1,402
Basic Weighted Avg Shares	787	778	775	776	777	745	723	709	690	775	1,123	1,180	1,262	1,274	1,312
Revenue per Share	20.07	19.77	19.94	20.47	20.22	22	24.22	26.63	30.18	7.22	1.7	10.31	17.11	19.64	20.29
EBITDA per Share	4.8	4.07	3.77	4.39	5.41	6.46	6.44	7.53	7.88	-8.55	-4.32	-1.78	3.43	4.81	5.54
Operating Income per Share	2.87	2.33	1.73	2.28	3.31	4.12	4.01	4.69	4.75	-8.74	-6.11	-3.71	1.55	2.81	3.42
Basic EPS, GAAP	2.43	1.67	1.36	1.57	2.26	3.73	3.6	4.45	4.33	-13.21	-8.46	-5.16	-0.06	1.5	2.1
Basic EPS from Cont Ops	2.43	1.67	1.36	1.57	2.26	3.73	3.6	4.45	4.33	-13.21	-8.46	-5.16	-0.06	1.5	2.1
Diluted EPS, GAAP	2.42	1.67	1.36	1.56	2.26	3.72	3.59	4.44	4.32	-13.21	-8.46	-5.16	-0.06	1.37	1.97
Diluted EPS from Cont Ops	2.42	1.67	1.36	1.56	2.26	3.72	3.59	4.44	4.32	-13.21	-8.46	-5.16	-0.06	1.37	1.97
Dividend per Share	0.85	1	1.5	1	1.05	1.31	1.5	1.91	2.01	0.89	- -	- -	- -	- -	- -
Cash Flow per Share	4.79	3.85	3.66	4.42	5.85	6.89	7.36	7.83	7.93	-8.13	-3.66	-1.42	3.39	4.65	4.74
Free Cash Flow per Basic Share	1.36	0.86	0.88	1.09	2.9	2.78	3.29	2.54	0.07	-12.8	-6.87	-5.6	0.79	1.02	1.99
Cash & Equivalents per Share	0.58	0.6	0.6	0.43	1.81	0.83	0.55	1.41	0.76	8.75	8.04	3.2	1.91	0.93	1.47
Book Value per Share	30.67	30.84	31.64	31.15	30.79	31.13	33.73	35.12	37.08	18.91	10.69	5.61	5.45	7.07	9.35
Tangible Book Value per Share	24.68	25.05	25.84	25.49	25.2	25.36	27.92	29.23	31.11	17.08	9.14	4.23	4.06	5.74	8.02

Carnival Corporation Ltd.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)