The current S&P 500 PE weighted average stands at 21.63 across all stocks. This means CCL is currently trading on a price-to-earnings (PE) multiple of less than 10. If CCL is able to return to the passenger and revenue numbers of 2019 and generate net income in the region of the 2019 financial year of $3bn, less the higher net interest expense, equals $1.5b net income. The company has suffered losses of approximately $25bn from early 2020 to today.Ĭurrently, CCL sales are growing quickly and on an annualised basis the second quarter of 2022 was half of pre-pandemic on an annualised basis before worldwide reopening. The CCL board has tapped debt and equity markets for almost $30bn in little over two years. The company diluted its equity by issuing another 300 million shares in 2020, raising roughly $7.8bn. Popular cruise names AIDA, Costa Cruises, Cunard, and P&O all make their home under the CCL umbrella.ĬCL’s short and long-term debt raised from $11.5bn in November of 2019 to $35bn today. CCL operates over 100 vessels across 10 cruise line brands. This cruise line giant is the largest company of its type and carried 42% of all passengers in 2021. Lindblad Expeditions Holdings (NASDAQ:LIND).The remaining passengers split over speciality and smaller operators. Privately-held MSC Cruises is the next largest company with 10% of passengers in 2021. Three operators that carried over 70% of all the passengers in 2021 dominate the cruise industry (Carnival, RCI and Norwegian).
Pre-pandemic the cruise liner market generated over $50bn in revenues per year for three major liner consortiums and a number of smaller private and subsidiary operations. For the cruise companies that have weathered the storm and are now looking forward to a world living with COVID-19, what are some of the best to invest in?Īsktraders has come up with the below shortlist of the best cruise ship stocks to buy now.
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