WallStSmart

Booking Holdings Inc (BKNG)vsCarnival Corporation (CCL)

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Smart Verdict

WallStSmart Research — data-driven comparison

Booking Holdings Inc generates 3% more annual revenue ($28.24B vs $27.31B). BKNG leads profitability with a 25.5% profit margin vs 11.2%. BKNG appears more attractively valued with a PEG of 0.64. BKNG earns a higher WallStSmart Score of 76/100 (B+).

BKNG

Strong Buy

76

out of 100

Grade: B+

Growth: 8.0Profit: 10.0Value: 6.7Quality: 7.5
Piotroski: 4/9Altman Z: 4.05

CCL

Strong Buy

66

out of 100

Grade: B-

Growth: 6.0Profit: 6.5Value: 8.0Quality: 3.0
Piotroski: 5/9Altman Z: 0.89
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKNGUndervalued (+10.9%)

Margin of Safety

+10.9%

Fair Value

$188.41

Current Price

$167.90

$20.51 discount

UndervaluedFair: $188.41Overvalued
CCLUndervalued (+14.7%)

Margin of Safety

+14.7%

Fair Value

$38.77

Current Price

$21.84

$16.93 discount

UndervaluedFair: $38.77Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BKNG6 strengths · Avg: 9.8/10
Return on EquityProfitability
225.7%10/10

Every $100 of equity generates 226 in profit

Operating MarginProfitability
34.4%10/10

Strong operational efficiency at 34.4%

EPS GrowthGrowth
130.0%10/10

Earnings expanding 130.0% YoY

Debt/EquityHealth
-1.9210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.0510/10

Safe zone — low bankruptcy risk

Market CapQuality
$130.68B9/10

Large-cap with strong market position

CCL5 strengths · Avg: 8.6/10
P/E RatioValuation
10.4x10/10

Attractively priced relative to earnings

Return on EquityProfitability
23.7%9/10

Every $100 of equity generates 24 in profit

PEG RatioValuation
0.828/10

Growing faster than its price suggests

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.75B8/10

Generating 1.8B in free cash flow

Areas to Watch

BKNG0 concerns · Avg: 0/10

No major concerns identified

CCL3 concerns · Avg: 1.7/10
EPS GrowthGrowth
-6.5%2/10

Earnings declined 6.5%

Altman Z-ScoreHealth
0.892/10

Distress zone — elevated risk

Debt/EquityHealth
2.021/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : BKNG

The strongest argument for BKNG centers on Return on Equity, Operating Margin, EPS Growth. Profitability is solid with margins at 25.5% and operating margin at 34.4%. PEG of 0.64 suggests the stock is reasonably priced for its growth.

Bull Case : CCL

The strongest argument for CCL centers on P/E Ratio, Return on Equity, PEG Ratio. PEG of 0.82 suggests the stock is reasonably priced for its growth.

Bear Case : BKNG

No major red flags identified for BKNG, but monitor valuation.

Bear Case : CCL

The primary concerns for CCL are EPS Growth, Altman Z-Score, Debt/Equity. Debt-to-equity of 2.02 is elevated, increasing financial risk.

Key Dynamics to Monitor

BKNG profiles as a mature stock while CCL is a value play — different risk/reward profiles.

CCL carries more volatility with a beta of 2.31 — expect wider price swings.

BKNG is growing revenue faster at 8.1% — sustainability is the question.

BKNG generates stronger free cash flow (3.6B), providing more financial flexibility.

Bottom Line

BKNG scores higher overall (76/100 vs 66/100), backed by strong 25.5% margins. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Booking Holdings Inc

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Booking Holdings Inc. is an American travel technology company organized in Delaware and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable.

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Carnival Corporation

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Carnival Corporation & plc is a British-American cruise operator, currently the world's largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands.

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