Publicação
From chaos to comeback: an equity valuation of carnival corporation
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | |
| dc.contributor.advisor | Miguel, António Freitas | |
| dc.contributor.author | Ziegler, Michel | |
| dc.date.accessioned | 2026-05-21T17:25:45Z | |
| dc.date.available | 2026-05-21T17:25:45Z | |
| dc.date.issued | 2026-01-23 | |
| dc.date.submitted | 2025-12-12 | |
| dc.description.abstract | This report presents a valuation of Carnival Corporation, part of the dual-listed Carnival Corporation & plc, the world’s largest cruise operator. The Group has returned to record operating metrics after pandemic-related disruption, yet remains constrained by elevated leverage and tightening environmental regulation. The valuation is derived from a scenario-based discounted cash flow model and a comparable company analysis using forward-looking trading multiples. A weighted blend of these two methods yields a target share price of $34.56. This implies a modest upside of 8.38% relative to the closing share price of $31.89 on August 31, 2025, and supports a HOLD recommendation. | eng |
| dc.identifier.tid | 204241499 | |
| dc.identifier.uri | http://hdl.handle.net/10362/203291 | |
| dc.language.iso | eng | |
| dc.relation | UID/00124/2025 | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | Carnival corporation | |
| dc.subject | Cruise industry | |
| dc.subject | Equity valuation | |
| dc.subject | Discounted cash flow | |
| dc.subject | Comparable company analysis | |
| dc.title | From chaos to comeback: an equity valuation of carnival corporation | eng |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in International Finance from the Nova School of Business and Economics |