Carnival Plc ADS (CUK) - Net Assets
Based on the latest financial reports, Carnival Plc ADS (CUK) has net assets worth $13.05 Billion USD as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($51.57 Billion) and total liabilities ($38.52 Billion). 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. Check CUK asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $13.05 Billion |
| % of Total Assets | 25.3% |
| Annual Growth Rate | 11.03% |
| 5-Year Change | 1.14% |
| 10-Year Change | -45.64% |
| Growth Volatility | 37.02 |
Carnival Plc ADS - Net Assets Trend (1986–2025)
This chart illustrates how Carnival Plc ADS's net assets have evolved over time, based on quarterly financial data. Also explore how large is Carnival Plc ADS's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Carnival Plc ADS (1986–2025)
The table below shows the annual net assets of Carnival Plc ADS from 1986 to 2025. For live valuation and market cap data, see Carnival Plc ADS market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $12.28 Billion | +32.77% |
| 2024-11-30 | $9.25 Billion | +34.42% |
| 2023-11-30 | $6.88 Billion | -2.58% |
| 2022-11-30 | $7.06 Billion | -41.84% |
| 2021-11-30 | $12.14 Billion | -40.91% |
| 2020-11-30 | $20.55 Billion | -18.96% |
| 2019-11-30 | $25.36 Billion | +3.77% |
| 2018-11-30 | $24.44 Billion | +0.94% |
| 2017-11-30 | $24.22 Billion | +7.16% |
| 2016-11-30 | $22.60 Billion | -4.94% |
| 2015-11-30 | $23.77 Billion | -2.13% |
| 2014-11-30 | $24.29 Billion | -1.09% |
| 2013-11-30 | $24.56 Billion | +2.62% |
| 2012-11-30 | $23.93 Billion | +0.41% |
| 2011-11-30 | $23.83 Billion | +3.48% |
| 2010-11-30 | $23.03 Billion | +4.52% |
| 2009-11-30 | $22.04 Billion | +15.38% |
| 2008-11-30 | $19.10 Billion | -4.33% |
| 2007-11-30 | $19.96 Billion | +9.63% |
| 2006-11-30 | $18.21 Billion | +7.29% |
| 2005-11-30 | $16.97 Billion | +7.69% |
| 2004-11-30 | $15.76 Billion | +14.26% |
| 2003-11-30 | $13.79 Billion | +85.94% |
| 2002-11-30 | $7.42 Billion | +12.55% |
| 2001-11-30 | $6.59 Billion | +12.27% |
| 2000-11-30 | $5.87 Billion | -1.02% |
| 1999-11-30 | $5.93 Billion | +34.25% |
| 1998-11-30 | $4.42 Billion | +22.55% |
| 1997-11-30 | $3.61 Billion | +18.95% |
| 1996-11-30 | $3.03 Billion | +29.26% |
| 1995-11-30 | $2.34 Billion | +21.56% |
| 1994-11-30 | $1.93 Billion | +18.54% |
| 1993-11-30 | $1.63 Billion | +17.50% |
| 1992-11-30 | $1.38 Billion | +18.25% |
| 1991-11-30 | $1.17 Billion | +13.03% |
| 1990-11-30 | $1.04 Billion | +16.00% |
| 1989-11-30 | $893.20 Million | +18.73% |
| 1988-11-30 | $752.30 Million | +18.38% |
| 1987-11-30 | $635.50 Million | +205.82% |
| 1986-11-30 | $207.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carnival Plc ADS'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 grown by 2411.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.82 Billion | 39.21% |
| Common Stock | $374.00 Million | 3.04% |
| Other Comprehensive Income | $-1.81 Billion | -14.73% |
| Other Components | $8.90 Billion | 72.48% |
| Total Equity | $12.28 Billion | 100.00% |
Carnival Plc ADS Competitors by Market Cap
The table below lists competitors of Carnival Plc ADS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
InnoDisk
TWO:5289
|
$3.89 Billion |
|
Lumine Group Inc.
V:LMN
|
$3.89 Billion |
|
Federated Investors Inc B
NYSE:FHI
|
$3.89 Billion |
|
Corporacion America Airports
NYSE:CAAP
|
$3.90 Billion |
|
Xiamen Faratronic Co Ltd
SHG:600563
|
$3.89 Billion |
|
SIMCERE PHARMAC. GRP LTD
F:S2P
|
$3.88 Billion |
|
Golar LNG Limited
F:G2O
|
$3.88 Billion |
|
Shanghai AtHub Co Ltd
SHG:603881
|
$3.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carnival Plc ADS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,252,000,000 to 12,284,000,000, a change of 3,032,000,000 (32.8%).
- Net income of 2,760,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 164,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.76 Billion | +22.47% |
| Other Comprehensive Income | $164.00 Million | +1.34% |
| Other Changes | $108.00 Million | +0.88% |
| Total Change | $- | 32.77% |
Book Value vs Market Value Analysis
This analysis compares Carnival Plc ADS'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: 3.04x
- 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 decreased from 55.59x to 3.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-11-30 | $0.48 | $26.60 | x |
| 1987-11-30 | $1.18 | $26.60 | x |
| 1988-11-30 | $1.40 | $26.60 | x |
| 1989-11-30 | $1.64 | $26.60 | x |
| 1990-11-30 | $1.90 | $26.60 | x |
| 1991-11-30 | $2.08 | $26.60 | x |
| 1992-11-30 | $2.45 | $26.60 | x |
| 1993-11-30 | $2.88 | $26.60 | x |
| 1994-11-30 | $3.41 | $26.60 | x |
| 1995-11-30 | $4.04 | $26.60 | x |
| 1996-11-30 | $5.23 | $26.60 | x |
| 1997-11-30 | $6.22 | $26.60 | x |
| 1998-11-30 | $7.18 | $26.60 | x |
| 1999-11-30 | $9.59 | $26.60 | x |
| 2000-11-30 | $9.73 | $26.60 | x |
| 2001-11-30 | $11.17 | $26.60 | x |
| 2002-11-30 | $12.27 | $26.60 | x |
| 2003-11-30 | $18.82 | $26.60 | x |
| 2004-11-30 | $19.04 | $26.60 | x |
| 2005-11-30 | $20.34 | $26.60 | x |
| 2006-11-30 | $22.13 | $26.60 | x |
| 2007-11-30 | $24.11 | $26.60 | x |
| 2008-11-30 | $23.40 | $26.60 | x |
| 2009-11-30 | $27.41 | $26.60 | x |
| 2010-11-30 | $28.61 | $26.60 | x |
| 2011-11-30 | $30.21 | $26.60 | x |
| 2012-11-30 | $30.72 | $26.60 | x |
| 2013-11-30 | $31.60 | $26.60 | x |
| 2014-11-30 | $31.22 | $26.60 | x |
| 2015-11-30 | $30.51 | $26.60 | x |
| 2016-11-30 | $30.25 | $26.60 | x |
| 2017-11-30 | $33.40 | $26.60 | x |
| 2018-11-30 | $34.43 | $26.60 | x |
| 2019-11-30 | $36.65 | $26.60 | x |
| 2020-11-30 | $26.52 | $26.60 | x |
| 2021-11-30 | $10.81 | $26.60 | x |
| 2022-11-30 | $5.99 | $26.60 | x |
| 2023-11-30 | $5.45 | $26.60 | x |
| 2024-11-30 | $6.62 | $26.60 | x |
| 2025-11-30 | $8.76 | $26.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carnival Plc ADS 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): 22.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.37%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 4.21x
- Recent ROE (22.47%) is above the historical average (8.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 47.02% | 23.22% | 0.80x | 2.54x | $76.92 Million |
| 1987 | 24.04% | 27.09% | 0.60x | 1.48x | $89.25 Million |
| 1988 | 26.11% | 32.75% | 0.57x | 1.40x | $121.17 Million |
| 1989 | 21.67% | 16.87% | 0.52x | 2.49x | $104.28 Million |
| 1990 | 19.90% | 14.82% | 0.52x | 2.59x | $102.59 Million |
| 1991 | 7.26% | 6.05% | 0.53x | 2.26x | $-32.11 Million |
| 1992 | 19.97% | 18.77% | 0.56x | 1.91x | $138.12 Million |
| 1993 | 19.56% | 20.44% | 0.48x | 1.98x | $155.48 Million |
| 1994 | 19.79% | 21.14% | 0.49x | 1.90x | $188.87 Million |
| 1995 | 19.24% | 22.58% | 0.49x | 1.75x | $216.60 Million |
| 1996 | 18.68% | 25.59% | 0.43x | 1.68x | $263.21 Million |
| 1997 | 18.48% | 27.21% | 0.45x | 1.51x | $305.54 Million |
| 1998 | 19.51% | 27.78% | 0.42x | 1.68x | $407.34 Million |
| 1999 | 17.32% | 29.27% | 0.42x | 1.40x | $433.88 Million |
| 2000 | 16.44% | 25.46% | 0.39x | 1.67x | $377.94 Million |
| 2001 | 14.05% | 20.36% | 0.39x | 1.75x | $266.92 Million |
| 2002 | 13.70% | 23.18% | 0.36x | 1.66x | $274.21 Million |
| 2003 | 8.61% | 17.67% | 0.27x | 1.78x | $-192.30 Million |
| 2004 | 11.76% | 19.06% | 0.35x | 1.75x | $278.00 Million |
| 2005 | 13.27% | 20.31% | 0.39x | 1.68x | $555.80 Million |
| 2006 | 12.52% | 19.25% | 0.39x | 1.68x | $458.00 Million |
| 2007 | 12.06% | 18.48% | 0.38x | 1.71x | $411.70 Million |
| 2008 | 12.17% | 15.55% | 0.45x | 1.75x | $414.20 Million |
| 2009 | 8.12% | 13.30% | 0.37x | 1.67x | $-413.50 Million |
| 2010 | 8.59% | 13.67% | 0.39x | 1.63x | $-325.10 Million |
| 2011 | 8.02% | 12.11% | 0.41x | 1.62x | $-471.20 Million |
| 2012 | 5.42% | 8.44% | 0.39x | 1.64x | $-1.09 Billion |
| 2013 | 4.30% | 6.83% | 0.39x | 1.63x | $-1.40 Billion |
| 2014 | 5.01% | 7.66% | 0.40x | 1.63x | $-1.21 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 | -78.23% | -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 |
| 2025 | 22.47% | 10.37% | 0.52x | 4.21x | $1.53 Billion |
Industry Comparison
This section compares Carnival Plc ADS's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $1,797,221,630
- Average return on equity (ROE) among peers: -39.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carnival Plc ADS (CUK) | $13.05 Billion | 47.02% | 2.95x | $3.89 Billion |
| Airbnb Inc (ABNB) | $2.90 Billion | -158.00% | 2.62x | $58.82 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $5.42 Million | 26.21% | 0.76x | $12.28 Million |
| Booking Holdings Inc (BKNG) | $402.60 Million | -262.07% | 0.10x | $131.11 Billion |
| Carnival Corporation (CCL) | $5.87 Billion | 16.44% | 0.67x | $31.81 Billion |
| Despegar.com Corp (DESP) | $217.96 Million | 19.44% | 2.39x | $1.63 Billion |
| Expedia Group Inc. (EXPE) | $5.68 Billion | 7.15% | 2.17x | $28.84 Billion |
| Global Business Travel Group Inc (GBTG) | $1.37 Billion | -1.82% | 2.05x | $2.83 Billion |
| Inspirato Inc (ISPO) | $-129.85 Million | 0.00% | 0.00x | $54.21 Million |
| Lindblad Expeditions Holdings Inc (LIND) | $-145.53 Million | 0.00% | 0.00x | $988.35 Million |
About Carnival Plc ADS
Carnival Corporation & plc, a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally. The company operates through four segments: North America 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 motorcoac… Read more