CARLISLE COS INC (CSL)
US1423391002 - Common Stock
We assign a fundamental rating of 7 out of 10 to CSL. CSL was compared to 39 industry peers in the Building Products industry. CSL gets an excellent profitability rating and is at the same time showing great financial health properties. CSL has a correct valuation and a medium growth rate. With these ratings, CSL could be worth investigating further 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.
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
The Return On Assets of CSL (20.87%) is better than 97.44% of its industry peers.
The Return On Equity of CSL (48.93%) is better than 94.87% of its industry peers.
CSL's Return On Invested Capital of 16.65% is fine compared to the rest of the industry. CSL outperforms 74.36% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSL is in line with the industry average of 13.33%.
The last Return On Invested Capital (16.65%) for CSL is above the 3 year average (12.27%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.87% | ||
| ROE | 48.93% | ||
| ROIC | 16.65% |
ROA(3y)10.04%
ROA(5y)8.83%
ROE(3y)24.51%
ROE(5y)20.79%
ROIC(3y)12.27%
ROIC(5y)11.04%
1.3 Margins
CSL has a Profit Margin of 26.99%. This is amongst the best in the industry. CSL outperforms 100.00% of its industry peers.
CSL's Profit Margin has improved in the last couple of years.
The Operating Margin of CSL (23.42%) is better than 92.31% of its industry peers.
In the last couple of years the Operating Margin of CSL has grown nicely.
CSL has a Gross Margin of 37.98%. This is in the better half of the industry: CSL outperforms 64.10% of its industry peers.
In the last couple of years the Gross Margin of CSL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.42% | ||
| PM (TTM) | 26.99% | ||
| GM | 37.98% |
OM growth 3Y21.42%
OM growth 5Y13.53%
PM growth 3Y30.48%
PM growth 5Y4.18%
GM growth 3Y8.16%
GM growth 5Y6.32%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CSL is still creating some value.
CSL has less shares outstanding than it did 1 year ago.
CSL has less shares outstanding than it did 5 years ago.
CSL has a better debt/assets ratio than last year.
2.2 Solvency
CSL has an Altman-Z score of 5.87. This indicates that CSL is financially healthy and has little risk of bankruptcy at the moment.
CSL's Altman-Z score of 5.87 is fine compared to the rest of the industry. CSL outperforms 69.23% of its industry peers.
CSL has a debt to FCF ratio of 2.45. This is a good value and a sign of high solvency as CSL would need 2.45 years to pay back of all of its debts.
CSL has a Debt to FCF ratio of 2.45. This is in the better half of the industry: CSL outperforms 61.54% of its industry peers.
A Debt/Equity ratio of 0.68 indicates that CSL is somewhat dependend on debt financing.
CSL has a Debt to Equity ratio (0.68) which is in line with 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 | 0.68 | ||
| Debt/FCF | 2.45 | ||
| Altman-Z | 5.87 |
ROIC/WACC1.63
WACC10.21%
2.3 Liquidity
A Current Ratio of 2.73 indicates that CSL has no problem at all paying its short term obligations.
CSL has a better Current ratio (2.73) than 74.36% of its industry peers.
A Quick Ratio of 2.29 indicates that CSL has no problem at all paying its short term obligations.
CSL has a Quick ratio of 2.29. This is amongst the best in the industry. CSL outperforms 82.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.73 | ||
| Quick Ratio | 2.29 |
3. Growth
3.1 Past
CSL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.77%, which is quite impressive.
The Earnings Per Share has been growing by 23.03% on average over the past years. This is a very strong growth
The Revenue for CSL has decreased by -16.81% 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 0.47% on average per year.
EPS 1Y (TTM)21.77%
EPS 3Y41.25%
EPS 5Y23.03%
EPS Q2Q%23.5%
Revenue 1Y (TTM)-16.81%
Revenue growth 3Y2.61%
Revenue growth 5Y0.47%
Sales Q2Q%5.86%
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 15.40% on average per year.
The Revenue is expected to grow by 6.93% on average over the next years.
EPS Next Y22.69%
EPS Next 2Y17.71%
EPS Next 3Y15.4%
EPS Next 5YN/A
Revenue Next Year10.89%
Revenue Next 2Y7.91%
Revenue Next 3Y6.93%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.58, the valuation of CSL can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of CSL is on the same level as its industry peers.
When comparing the Price/Earnings ratio of CSL to the average of the S&P500 Index (27.35), we can say CSL is valued slightly cheaper.
A Price/Forward Earnings ratio of 16.09 indicates a correct valuation of CSL.
Based on the Price/Forward Earnings ratio, CSL is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CSL to the average of the S&P500 Index (23.86), we can say CSL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.58 | ||
| Fwd PE | 16.09 |
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.
Based on the Price/Free Cash Flow ratio, CSL is valued a bit cheaper than the industry average as 64.10% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.92 | ||
| EV/EBITDA | 13.2 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of CSL may justify a higher PE ratio.
CSL's earnings are expected to grow with 15.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)0.81
EPS Next 2Y17.71%
EPS Next 3Y15.4%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.06%, CSL has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.05, CSL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.30, CSL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
5.2 History
The dividend of CSL is nicely growing with an annual growth rate of 15.81%!
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)15.81%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
CSL pays out 12.46% 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.
DP12.46%
EPS Next 2Y17.71%
EPS Next 3Y15.4%
CARLISLE COS INC
NYSE:CSL (12/30/2024, 10:57:23 AM)
370
-1.99 (-0.53%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners91.63%
Inst Owner Change-3.32%
Ins Owners0.76%
Ins Owner Change0%
Market Cap16.77B
Analysts76.92
Price Target475.37 (28.48%)
Short Float %2.08%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
Dividend Growth(5Y)15.81%
DP12.46%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.95%
Min EPS beat(2)-1.66%
Max EPS beat(2)3.56%
EPS beat(4)3
Avg EPS beat(4)12.21%
Min EPS beat(4)-1.66%
Max EPS beat(4)30.62%
EPS beat(8)6
Avg EPS beat(8)7.78%
EPS beat(12)10
Avg EPS beat(12)13.05%
EPS beat(16)14
Avg EPS beat(16)19.4%
Revenue beat(2)0
Avg Revenue beat(2)-2.52%
Min Revenue beat(2)-4.2%
Max Revenue beat(2)-0.85%
Revenue beat(4)2
Avg Revenue beat(4)1.61%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)9%
Revenue beat(8)2
Avg Revenue beat(8)-0.31%
Revenue beat(12)5
Avg Revenue beat(12)1.73%
Revenue beat(16)8
Avg Revenue beat(16)1.71%
PT rev (1m)-0.31%
PT rev (3m)2.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.25%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.58 | ||
| Fwd PE | 16.09 | ||
| P/S | 3.35 | ||
| P/FCF | 17.92 | ||
| P/OCF | 15.99 | ||
| P/B | 6.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.2 |
EPS(TTM)19.91
EY5.38%
EPS(NY)23
Fwd EY6.22%
FCF(TTM)20.65
FCFY5.58%
OCF(TTM)23.13
OCFY6.25%
SpS110.48
BVpS60.95
TBVpS-0.11
PEG (NY)0.82
PEG (5Y)0.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.87% | ||
| ROE | 48.93% | ||
| ROCE | 21.68% | ||
| ROIC | 16.65% | ||
| ROICexc | 23.22% | ||
| ROICexgc | 81.04% | ||
| OM | 23.42% | ||
| PM (TTM) | 26.99% | ||
| GM | 37.98% | ||
| FCFM | 18.69% |
ROA(3y)10.04%
ROA(5y)8.83%
ROE(3y)24.51%
ROE(5y)20.79%
ROIC(3y)12.27%
ROIC(5y)11.04%
ROICexc(3y)13.32%
ROICexc(5y)12.17%
ROICexgc(3y)38.82%
ROICexgc(5y)35.58%
ROCE(3y)15.98%
ROCE(5y)14.38%
ROICexcg growth 3Y7.56%
ROICexcg growth 5Y2.98%
ROICexc growth 3Y19.81%
ROICexc growth 5Y8.88%
OM growth 3Y21.42%
OM growth 5Y13.53%
PM growth 3Y30.48%
PM growth 5Y4.18%
GM growth 3Y8.16%
GM growth 5Y6.32%
F-Score6
Asset Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 2.45 | ||
| Debt/EBITDA | 1.41 | ||
| Cap/Depr | 69.51% | ||
| Cap/Sales | 2.25% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.56% | ||
| Profit Quality | 69.24% | ||
| Current Ratio | 2.73 | ||
| Quick Ratio | 2.29 | ||
| Altman-Z | 5.87 |
F-Score6
WACC10.21%
ROIC/WACC1.63
Cap/Depr(3y)67.36%
Cap/Depr(5y)57.59%
Cap/Sales(3y)3.33%
Cap/Sales(5y)2.82%
Profit Quality(3y)98.41%
Profit Quality(5y)122.79%
High Growth Momentum
Growth
EPS 1Y (TTM)21.77%
EPS 3Y41.25%
EPS 5Y23.03%
EPS Q2Q%23.5%
EPS Next Y22.69%
EPS Next 2Y17.71%
EPS Next 3Y15.4%
EPS Next 5YN/A
Revenue 1Y (TTM)-16.81%
Revenue growth 3Y2.61%
Revenue growth 5Y0.47%
Sales Q2Q%5.86%
Revenue Next Year10.89%
Revenue Next 2Y7.91%
Revenue Next 3Y6.93%
Revenue Next 5YN/A
EBIT growth 1Y6.46%
EBIT growth 3Y24.6%
EBIT growth 5Y14.06%
EBIT Next Year40.74%
EBIT Next 3Y18.03%
EBIT Next 5YN/A
FCF growth 1Y70.18%
FCF growth 3Y20.77%
FCF growth 5Y37.12%
OCF growth 1Y44.36%
OCF growth 3Y19.91%
OCF growth 5Y28.78%