Carnival Corporation & plc (POH1) - Net Assets
Based on the latest financial reports, Carnival Corporation & plc (POH1) has net assets worth €11.93 Billion EUR (≈ $13.95 Billion USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€50.83 Billion ≈ $59.43 Billion USD) and total liabilities (€38.90 Billion ≈ $45.48 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore total assets of Carnival Corporation & plc for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €11.93 Billion |
| % of Total Assets | 23.47% |
| Annual Growth Rate | -9.17% |
| 5-Year Change | -54.99% |
| 10-Year Change | -61.08% |
| Growth Volatility | 21.57 |
Carnival Corporation & plc - Net Assets Trend (2014–2024)
This chart illustrates how Carnival Corporation & plc's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see POH1 market cap.
Annual Net Assets for Carnival Corporation & plc (2014–2024)
The table below shows the annual net assets of Carnival Corporation & plc from 2014 to 2024. Explore POH1 cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | €9.25 Billion ≈ $10.82 Billion |
+34.44% |
| 2023-11-30 | €6.88 Billion ≈ $8.05 Billion |
-2.58% |
| 2022-11-30 | €7.06 Billion ≈ $8.26 Billion |
-41.83% |
| 2021-11-30 | €12.14 Billion ≈ $14.20 Billion |
-40.92% |
| 2020-11-30 | €20.55 Billion ≈ $24.03 Billion |
-18.96% |
| 2019-11-30 | €25.36 Billion ≈ $29.65 Billion |
+3.77% |
| 2018-11-30 | €24.44 Billion ≈ $28.58 Billion |
+0.94% |
| 2017-11-30 | €24.22 Billion ≈ $28.31 Billion |
+7.16% |
| 2016-11-30 | €22.60 Billion ≈ $26.42 Billion |
-4.94% |
| 2015-11-30 | €23.77 Billion ≈ $27.79 Billion |
-1.79% |
| 2014-11-30 | €24.20 Billion ≈ $28.30 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Carnival Corporation & plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 89.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.10 Billion | 22.71% |
| Other Components | €7.15 Billion | 77.29% |
| Total Equity | €9.25 Billion | 100.00% |
Carnival Corporation & plc Competitors by Market Cap
The table below lists competitors of Carnival Corporation & plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chipbond Technology
TWO:6147
|
$3.82 Billion |
|
Torex Gold Resources Inc
TO:TXG
|
$3.82 Billion |
|
Ganzhou Tengyuan Cobalt New Material Co. Ltd.
SHE:301219
|
$3.83 Billion |
|
Sichuan Hebang Biotechnology Co Ltd
SHG:603077
|
$3.83 Billion |
|
Grandblue Environment Co Ltd
SHG:600323
|
$3.82 Billion |
|
China Galaxy Securities Co Ltd
F:CGL
|
$3.82 Billion |
|
Jointown Pharmaceutical Group Co Ltd
SHG:600998
|
$3.81 Billion |
|
Ajanta Pharma Limited
NSE:AJANTPHARM
|
$3.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carnival Corporation & plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,882,000,000 to 9,252,000,000, a change of 2,370,000,000 (34.4%).
- Net income of 1,916,000,000 contributed positively to equity growth.
- Other factors increased equity by 454,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.92 Billion | +20.71% |
| Other Changes | €454.00 Million | +4.91% |
| Total Change | €- | 34.44% |
Book Value vs Market Value Analysis
This analysis compares Carnival Corporation & plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.69x to 3.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | €32.55 | €22.45 | x |
| 2018-11-30 | €35.12 | €22.45 | x |
| 2019-11-30 | €35.75 | €22.45 | x |
| 2020-11-30 | €18.47 | €22.45 | x |
| 2021-11-30 | €10.37 | €22.45 | x |
| 2022-11-30 | €46.39 | €22.45 | x |
| 2023-11-30 | €5.43 | €22.45 | x |
| 2024-11-30 | €7.07 | €22.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carnival Corporation & plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.66%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 5.30x
- Recent ROE (20.71%) is above the historical average (-12.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 5.02% | 7.66% | 0.40x | 1.63x | €-1.20 Billion |
| 2015 | 7.39% | 11.18% | 0.40x | 1.65x | €-620.10 Million |
| 2016 | 12.30% | 16.96% | 0.42x | 1.72x | €519.30 Million |
| 2017 | 10.76% | 14.88% | 0.43x | 1.68x | €184.40 Million |
| 2018 | 12.90% | 16.69% | 0.45x | 1.73x | €707.70 Million |
| 2019 | 11.79% | 14.36% | 0.46x | 1.78x | €453.50 Million |
| 2020 | -49.80% | -182.98% | 0.10x | 2.61x | €-12.29 Billion |
| 2021 | -78.24% | -497.96% | 0.04x | 4.39x | €-10.72 Billion |
| 2022 | -86.25% | -50.07% | 0.24x | 7.32x | €-6.80 Billion |
| 2023 | -1.08% | -0.34% | 0.44x | 7.14x | €-762.20 Million |
| 2024 | 20.71% | 7.66% | 0.51x | 5.30x | €990.80 Million |
Industry Comparison
This section compares Carnival Corporation & plc's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $30,232,750,875
- Average return on equity (ROE) among peers: 1.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carnival Corporation & plc (POH1) | €11.93 Billion | 5.02% | 3.26x | $3.82 Billion |
| Lastminute.com NV (09B) | $56.90 Million | 20.27% | 7.46x | $143.20 Million |
| Tuniu Corporation (0TUA) | $2.71 Billion | -25.79% | 1.43x | $75.01 Million |
| aovo Touristik AG (A8N) | $0.00 | 0.00% | 0.00x | $2.97 Million |
| Trip.com Group Limited (CLV) | $88.73 Billion | 1.25% | 1.09x | $28.24 Billion |
| TRIP.COM GROUP DL-00125 (CLVB) | $143.48 Billion | 11.89% | 0.69x | $28.89 Billion |
| MakeMyTrip Limited (MY1) | $1.36 Billion | -12.36% | 0.16x | $4.20 Billion |
| TUI AG (TUI1) | $2.53 Billion | 3.57% | 4.54x | $3.76 Billion |
| TUI AG (TUI1) | $2.99 Billion | 16.33% | 3.12x | $3.59 Billion |
About Carnival Corporation & plc
Carnival Corporation & plc, a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. The c… Read more