CARLISLE COS INC (CSL) Stock Fundamental Analysis
USA - NYSE:CSL - US1423391002 - Common Stock
323.92 USD
+1.6 (+0.5%)
323.92 USD
0 (0%)
Overall CSL gets a fundamental rating of 7 out of 10. We evaluated CSL against 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 is not valued too expensively and it also shows a decent growth rate.
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.
CSL had positive earnings in each of the past 5 years.
In the past 5 years CSL always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 14.59%, CSL belongs to the best of the industry, outperforming 87.80% of the companies in the same industry.
The Return On Equity of CSL (37.98%) is better than 95.12% of its industry peers.
CSL has a better Return On Invested Capital (17.03%) than 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 12.73%.
The last Return On Invested Capital (17.03%) for CSL is above the 3 year average (15.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.59% | ||
| ROE | 37.98% | ||
| ROIC | 17.03% |
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
CSL's Profit Margin of 16.10% is amongst the best of the industry. CSL outperforms 85.37% of its industry peers.
In the last couple of years the Profit Margin of CSL has grown nicely.
CSL's Operating Margin of 21.17% is amongst the best of the industry. CSL outperforms 92.68% of its industry peers.
In the last couple of years the Operating Margin of CSL has grown nicely.
CSL has a Gross Margin of 36.92%. This is in the better half of the industry: CSL outperforms 60.98% of its industry peers.
CSL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.17% | ||
| PM (TTM) | 16.1% | ||
| GM | 36.92% |
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
CSL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for CSL has been reduced compared to 1 year ago.
The number of shares outstanding for CSL has been reduced compared to 5 years ago.
The debt/assets ratio for CSL has been reduced compared to a year ago.
2.2 Solvency
CSL has an Altman-Z score of 5.96. This indicates that CSL is financially healthy and has little risk of bankruptcy at the moment.
CSL has a better Altman-Z score (5.96) than 70.73% of its industry peers.
The Debt to FCF ratio of CSL is 2.20, which is a good value as it means it would take CSL, 2.20 years of fcf income to pay off all of its debts.
CSL has a better Debt to FCF ratio (2.20) than 70.73% of its industry peers.
CSL has a Debt/Equity ratio of 0.89. This is a neutral value indicating CSL is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.89, CSL is not doing good in the industry: 70.73% of the companies in the same industry are doing better.
Although CSL does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.2 | ||
| Altman-Z | 5.96 |
ROIC/WACC1.89
WACC9.01%
2.3 Liquidity
CSL has a Current Ratio of 2.19. This indicates that CSL is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of CSL (2.19) is better than 60.98% of its industry peers.
A Quick Ratio of 1.47 indicates that CSL should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.47, CSL is doing good in the industry, outperforming 65.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
CSL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.02%.
The Earnings Per Share has been growing by 19.74% on average over the past years. This is quite good.
The Revenue has been growing slightly by 1.37% in the past year.
CSL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.79% yearly.
EPS 1Y (TTM)7.02%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%0.48%
Revenue 1Y (TTM)1.37%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.08%
3.2 Future
Based on estimates for the next years, CSL will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.37% on average per year.
Based on estimates for the next years, CSL will show a small growth in Revenue. The Revenue will grow by 3.70% on average per year.
EPS Next Y0.32%
EPS Next 2Y6.39%
EPS Next 3Y8.37%
EPS Next 5YN/A
Revenue Next Year0.26%
Revenue Next 2Y2.26%
Revenue Next 3Y3.7%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
A Price/Earnings ratio of 16.09 indicates a correct valuation of CSL.
Based on the Price/Earnings ratio, CSL is valued a bit cheaper than the industry average as 68.29% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.02, CSL is valued a bit cheaper.
With a Price/Forward Earnings ratio of 14.16, CSL is valued correctly.
Based on the Price/Forward Earnings ratio, CSL is valued a bit cheaper than 65.85% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.57, CSL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.09 | ||
| Fwd PE | 14.16 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CSL is on the same level as its industry peers.
73.17% of the companies in the same industry are more expensive than CSL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.13 | ||
| EV/EBITDA | 12.57 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CSL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)50.23
PEG (5Y)0.82
EPS Next 2Y6.39%
EPS Next 3Y8.37%
5. Dividend
5.1 Amount
CSL has a Yearly Dividend Yield of 1.37%. Purely for dividend investing, there may be better candidates out there.
The stock price of CSL dropped by -21.51% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
CSL's Dividend Yield is a higher than the industry average which is at 1.24.
With a Dividend Yield of 1.37, CSL pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
5.2 History
On average, the dividend of CSL grows each year by 15.64%, which is quite nice.
CSL has paid a dividend for at least 10 years, which is a reliable track record.
CSL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)15.64%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
CSL pays out 22.22% of its income as dividend. This is a sustainable payout ratio.
CSL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP22.22%
EPS Next 2Y6.39%
EPS Next 3Y8.37%
323.92
+1.6 (+0.5%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners101.62%
Inst Owner Change-0.03%
Ins Owners0.75%
Ins Owner Change4.95%
Market Cap13.85B
Analysts77.14
Price Target427.89 (32.1%)
Short Float %6.07%
Short Ratio4.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
Yearly Dividend3.74
Dividend Growth(5Y)15.64%
DP22.22%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.93%
Min EPS beat(2)-6.5%
Max EPS beat(2)4.64%
EPS beat(4)2
Avg EPS beat(4)-0.84%
Min EPS beat(4)-6.5%
Max EPS beat(4)4.64%
EPS beat(8)6
Avg EPS beat(8)6.15%
EPS beat(12)9
Avg EPS beat(12)5.32%
EPS beat(16)13
Avg EPS beat(16)10.16%
Revenue beat(2)0
Avg Revenue beat(2)-2.13%
Min Revenue beat(2)-3.88%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-3.06%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-0.41%
Revenue beat(12)2
Avg Revenue beat(12)-0.94%
Revenue beat(16)6
Avg Revenue beat(16)0.97%
PT rev (1m)-1.84%
PT rev (3m)-3.93%
EPS NQ rev (1m)-3.94%
EPS NQ rev (3m)-15.25%
EPS NY rev (1m)-1.33%
EPS NY rev (3m)-9.32%
Revenue NQ rev (1m)-1.73%
Revenue NQ rev (3m)-4.56%
Revenue NY rev (1m)-1.09%
Revenue NY rev (3m)-3.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.09 | ||
| Fwd PE | 14.16 | ||
| P/S | 2.77 | ||
| P/FCF | 16.13 | ||
| P/OCF | 14.24 | ||
| P/B | 6.53 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.57 |
EPS(TTM)20.13
EY6.21%
EPS(NY)22.88
Fwd EY7.06%
FCF(TTM)20.08
FCFY6.2%
OCF(TTM)22.74
OCFY7.02%
SpS117
BVpS49.6
TBVpS-21.03
PEG (NY)50.23
PEG (5Y)0.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.59% | ||
| ROE | 37.98% | ||
| ROCE | 21.96% | ||
| ROIC | 17.03% | ||
| ROICexc | 17.28% | ||
| ROICexgc | 47.37% | ||
| OM | 21.17% | ||
| PM (TTM) | 16.1% | ||
| GM | 36.92% | ||
| FCFM | 17.17% |
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-Score5
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.2 | ||
| Debt/EBITDA | 1.52 | ||
| Cap/Depr | 60.7% | ||
| Cap/Sales | 2.27% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.01% | ||
| Profit Quality | 106.61% | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 5.96 |
F-Score5
WACC9.01%
ROIC/WACC1.89
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)7.02%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%0.48%
EPS Next Y0.32%
EPS Next 2Y6.39%
EPS Next 3Y8.37%
EPS Next 5YN/A
Revenue 1Y (TTM)1.37%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.08%
Revenue Next Year0.26%
Revenue Next 2Y2.26%
Revenue Next 3Y3.7%
Revenue Next 5YN/A
EBIT growth 1Y-8.41%
EBIT growth 3Y24.59%
EBIT growth 5Y11.81%
EBIT Next Year8.07%
EBIT Next 3Y8.35%
EBIT Next 5YN/A
FCF growth 1Y-12.14%
FCF growth 3Y47.3%
FCF growth 5Y8.35%
OCF growth 1Y-15.31%
OCF growth 3Y34.69%
OCF growth 5Y7.94%