Carnival
Corporation & plc
Hiroshi Niina
Yipeng Guo
Ana Valencia
Yanjin Li
Executive Summary
●
Carnival Corporation is the largest and most successful cruise lines in the world
●
It all started in 1972 by Ted Arison who had a vision to create the greatest cruise line in the world..
●
Their corporate offices are located in Miami, Florida with over 91,000 employees with offices all over the world..
●
Internally, under the current ratios, Carnival shows a downtrend
of liquidity from 2009 to 2011.
●
Externally, cruise industry has many competitors trying to take
each other's market share.
“Maintaining
a
constant
focus on providing higher quality
vacations at tremendous value to
our customers, while keeping an
eye
on
the
bottom
line
and
earning superior returns for our
shareholders”
Financial Analysis
●
2009:
North America the
revenues decline
by
-7.7%
revenues increased
in Europe
5.5%
and other countries
2.3
%.
●
Cash flow
in the last 5 years
(purchase of new ships,online, and property and equipment)
1.
Long term debt that increased in 2009 to $9
billion from $5.7 billion.
2.
Market analyst: Stock on hold ( market cap
of $33.51 billion and a P/E of 14.59).
3.
Fluctuation price per share: $55 to $17 to
$42 (3Q 2010)
4.
ROA, ROI, gross profit margins decrease in
the last 5 years.
Pestel
Political
:
●
Carnival Corporation & plc is headquartered in Miami, Florida, and London, England.
●
Carnival Corporation & plc operated under a dual listed company structure whereby Carnival Corporation and Carnival plc
functioned as a single economic entity through contractual agreements between separate legal entities.
●
Carnival Corporation was incorporated in Panama and Carnival plc was incorporated England and Wales.
●
Carnival had adhere to the laws and policies of the places it operated in
.
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- Fall '17
- rocha
