CARLISLE COS INC (CSL) Stock Fundamental Analysis
NYSE:CSL - New York Stock Exchange, Inc. - US1423391002 - Common Stock - Currency: USD
Taking everything into account, CSL scores 7 out of 10 in our fundamental rating. CSL was compared to 41 industry peers in the Building Products industry. CSL scores excellent points on both the profitability and health parts. This is a solid base for a good stock. CSL has a decent growth rate and is not valued too expensively. This makes CSL very considerable for quality investing!
1. Profitability
1.1 Basic Checks
CSL had positive earnings in the past year.
In the past year CSL had a positive cash flow from operations.
Each year in the past 5 years CSL has been profitable.
In the past 5 years CSL always reported a positive cash flow from operatings.
1.2 Ratios
CSL's Return On Assets of 23.13% is amongst the best of the industry. CSL outperforms 97.56% of its industry peers.
CSL has a Return On Equity of 58.19%. This is amongst the best in the industry. CSL outperforms 95.12% of its industry peers.
CSL has a Return On Invested Capital of 17.59%. This is amongst the best in the industry. CSL outperforms 82.93% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSL is above the industry average of 12.62%.
The last Return On Invested Capital (17.59%) for CSL is above the 3 year average (15.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.13% | ||
| ROE | 58.19% | ||
| ROIC | 17.59% |
ROA(3y)15.61%
ROA(5y)11.62%
ROE(3y)36.9%
ROE(5y)27.85%
ROIC(3y)15.62%
ROIC(5y)12.39%
1.3 Margins
The Profit Margin of CSL (25.20%) is better than 100.00% of its industry peers.
CSL's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 22.02%, CSL belongs to the best of the industry, outperforming 92.68% of the companies in the same industry.
In the last couple of years the Operating Margin of CSL has grown nicely.
CSL has a better Gross Margin (37.47%) than 63.41% of its industry peers.
CSL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.02% | ||
| PM (TTM) | 25.2% | ||
| GM | 37.47% |
OM growth 3Y14.04%
OM growth 5Y10.94%
PM growth 3Y33.65%
PM growth 5Y21.71%
GM growth 3Y9.73%
GM growth 5Y5.76%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CSL is creating value.
CSL has less shares outstanding than it did 1 year ago.
CSL has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CSL has an improved debt to assets ratio.
2.2 Solvency
CSL has an Altman-Z score of 6.70. This indicates that CSL is financially healthy and has little risk of bankruptcy at the moment.
CSL's Altman-Z score of 6.70 is fine compared to the rest of the industry. CSL outperforms 73.17% of its industry peers.
CSL has a debt to FCF ratio of 2.49. This is a good value and a sign of high solvency as CSL would need 2.49 years to pay back of all of its debts.
The Debt to FCF ratio of CSL (2.49) is better than 75.61% of its industry peers.
CSL has a Debt/Equity ratio of 0.87. This is a neutral value indicating CSL is somewhat dependend on debt financing.
CSL's Debt to Equity ratio of 0.87 is on the low side compared to the rest of the industry. CSL is outperformed by 73.17% of its industry peers.
Even though the debt/equity ratio score it not favorable for CSL, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 2.49 | ||
| Altman-Z | 6.7 |
ROIC/WACC1.8
WACC9.77%
2.3 Liquidity
A Current Ratio of 2.58 indicates that CSL has no problem at all paying its short term obligations.
CSL has a better Current ratio (2.58) than 68.29% of its industry peers.
CSL has a Quick Ratio of 1.69. This is a normal value and indicates that CSL is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.69, CSL is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
CSL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.24%, which is quite good.
Measured over the past years, CSL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.74% on average per year.
The Revenue for CSL has decreased by -11.97% in the past year. This is quite bad
Measured over the past years, CSL shows a small growth in Revenue. The Revenue has been growing by 0.79% on average per year.
EPS 1Y (TTM)13.24%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%-2.96%
Revenue 1Y (TTM)-11.97%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.06%
3.2 Future
The Earnings Per Share is expected to grow by 12.19% on average over the next years. This is quite good.
Based on estimates for the next years, CSL will show a small growth in Revenue. The Revenue will grow by 4.85% on average per year.
EPS Next Y10.4%
EPS Next 2Y11.82%
EPS Next 3Y12.19%
EPS Next 5YN/A
Revenue Next Year3.48%
Revenue Next 2Y4.04%
Revenue Next 3Y4.85%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CSL is valuated rather expensively with a Price/Earnings ratio of 19.79.
CSL's Price/Earnings is on the same level as the industry average.
CSL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.45.
The Price/Forward Earnings ratio is 15.74, which indicates a correct valuation of CSL.
68.29% of the companies in the same industry are more expensive than CSL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, CSL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 15.74 |
4.2 Price Multiples
CSL's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CSL indicates a somewhat cheap valuation: CSL is cheaper than 60.98% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.67 | ||
| EV/EBITDA | 14.71 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CSL does not grow enough to justify the current Price/Earnings ratio.
CSL has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CSL's earnings are expected to grow with 12.19% in the coming years.
PEG (NY)1.9
PEG (5Y)1
EPS Next 2Y11.82%
EPS Next 3Y12.19%
5. Dividend
5.1 Amount
CSL has a Yearly Dividend Yield of 1.06%.
CSL's Dividend Yield is a higher than the industry average which is at 1.19.
With a Dividend Yield of 1.06, CSL pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
5.2 History
The dividend of CSL is nicely growing with an annual growth rate of 15.64%!
CSL has been paying a dividend for at least 10 years, so it has a reliable track record.
CSL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)15.64%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
CSL pays out 13.97% of its income as dividend. This is a sustainable payout ratio.
The dividend of CSL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP13.97%
EPS Next 2Y11.82%
EPS Next 3Y12.19%
397.81
+2.12 (+0.54%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners98.33%
Inst Owner Change3.81%
Ins Owners0.74%
Ins Owner Change6.9%
Market Cap17.21B
Analysts78.33
Price Target445.4 (11.96%)
Short Float %6.62%
Short Ratio6.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
Yearly Dividend3.74
Dividend Growth(5Y)15.64%
DP13.97%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.39%
Min EPS beat(2)0.14%
Max EPS beat(2)4.64%
EPS beat(4)3
Avg EPS beat(4)1.67%
Min EPS beat(4)-1.66%
Max EPS beat(4)4.64%
EPS beat(8)7
Avg EPS beat(8)8.31%
EPS beat(12)10
Avg EPS beat(12)7.7%
EPS beat(16)14
Avg EPS beat(16)10.63%
Revenue beat(2)0
Avg Revenue beat(2)-2.08%
Min Revenue beat(2)-3.78%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-2.3%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-0.33%
Revenue beat(12)3
Avg Revenue beat(12)0.08%
Revenue beat(16)7
Avg Revenue beat(16)1.29%
PT rev (1m)-0.76%
PT rev (3m)-2.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.6%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-1.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.3%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 15.74 | ||
| P/S | 3.44 | ||
| P/FCF | 22.67 | ||
| P/OCF | 19.81 | ||
| P/B | 7.94 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.71 |
EPS(TTM)20.1
EY5.05%
EPS(NY)25.27
Fwd EY6.35%
FCF(TTM)17.54
FCFY4.41%
OCF(TTM)20.08
OCFY5.05%
SpS115.67
BVpS50.09
TBVpS-18.95
PEG (NY)1.9
PEG (5Y)1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.13% | ||
| ROE | 58.19% | ||
| ROCE | 22.67% | ||
| ROIC | 17.59% | ||
| ROICexc | 18.42% | ||
| ROICexgc | 51.74% | ||
| OM | 22.02% | ||
| PM (TTM) | 25.2% | ||
| GM | 37.47% | ||
| FCFM | 15.17% |
ROA(3y)15.61%
ROA(5y)11.62%
ROE(3y)36.9%
ROE(5y)27.85%
ROIC(3y)15.62%
ROIC(5y)12.39%
ROICexc(3y)17.52%
ROICexc(5y)13.93%
ROICexgc(3y)50.21%
ROICexgc(5y)41.16%
ROCE(3y)20.13%
ROCE(5y)15.97%
ROICexcg growth 3Y28.32%
ROICexcg growth 5Y11.4%
ROICexc growth 3Y36.27%
ROICexc growth 5Y11.03%
OM growth 3Y14.04%
OM growth 5Y10.94%
PM growth 3Y33.65%
PM growth 5Y21.71%
GM growth 3Y9.73%
GM growth 5Y5.76%
F-Score6
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 2.49 | ||
| Debt/EBITDA | 1.47 | ||
| Cap/Depr | 60.5% | ||
| Cap/Sales | 2.19% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 67.7% | ||
| Profit Quality | 60.19% | ||
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.69 | ||
| Altman-Z | 6.7 |
F-Score6
WACC9.77%
ROIC/WACC1.8
Cap/Depr(3y)69.38%
Cap/Depr(5y)62.06%
Cap/Sales(3y)2.91%
Cap/Sales(5y)2.9%
Profit Quality(3y)99.02%
Profit Quality(5y)110.75%
High Growth Momentum
Growth
EPS 1Y (TTM)13.24%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%-2.96%
EPS Next Y10.4%
EPS Next 2Y11.82%
EPS Next 3Y12.19%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.97%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.06%
Revenue Next Year3.48%
Revenue Next 2Y4.04%
Revenue Next 3Y4.85%
Revenue Next 5YN/A
EBIT growth 1Y-8.82%
EBIT growth 3Y24.59%
EBIT growth 5Y11.81%
EBIT Next Year22.68%
EBIT Next 3Y12.39%
EBIT Next 5YN/A
FCF growth 1Y-16.94%
FCF growth 3Y47.3%
FCF growth 5Y8.35%
OCF growth 1Y-21.48%
OCF growth 3Y34.69%
OCF growth 5Y7.94%