CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CSV - US1439051079 - Common Stock
42.26 USD
-0.24 (-0.56%)
42.26 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to CSV. CSV was compared to 76 industry peers in the Diversified Consumer Services industry. CSV has an excellent profitability rating, but there are concerns on its financial health. CSV is valued quite cheap, while showing a decent growth score. This is a good combination! CSV also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CSV had positive earnings in the past year.
In the past year CSV had a positive cash flow from operations.
CSV had positive earnings in each of the past 5 years.
Each year in the past 5 years CSV had a positive operating cash flow.
1.2 Ratios
CSV's Return On Assets of 3.60% is fine compared to the rest of the industry. CSV outperforms 60.53% of its industry peers.
CSV has a better Return On Equity (19.97%) than 84.21% of its industry peers.
CSV has a better Return On Invested Capital (5.12%) than 63.16% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSV is significantly below the industry average of 10.55%.
The 3 year average ROIC (4.77%) for CSV is below the current ROIC(5.12%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.6% | ||
| ROE | 19.97% | ||
| ROIC | 5.12% |
ROA(3y)2.87%
ROA(5y)2.56%
ROE(3y)21.63%
ROE(5y)19.48%
ROIC(3y)4.77%
ROIC(5y)5.01%
1.3 Margins
The Profit Margin of CSV (11.80%) is better than 72.37% of its industry peers.
CSV's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 23.32%, CSV belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
CSV's Operating Margin has improved in the last couple of years.
CSV has a Gross Margin of 35.07%. This is comparable to the rest of the industry: CSV outperforms 40.79% of its industry peers.
CSV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.32% | ||
| PM (TTM) | 11.8% | ||
| GM | 35.07% |
OM growth 3Y-5.95%
OM growth 5Y1.81%
PM growth 3Y-2.97%
PM growth 5Y8.75%
GM growth 3Y0.98%
GM growth 5Y4.08%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CSV is destroying value.
The number of shares outstanding for CSV has been increased compared to 1 year ago.
Compared to 5 years ago, CSV has less shares outstanding
The debt/assets ratio for CSV has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.19, we must say that CSV is in the distress zone and has some risk of bankruptcy.
CSV has a Altman-Z score (1.19) which is in line with its industry peers.
The Debt to FCF ratio of CSV is 14.19, which is on the high side as it means it would take CSV, 14.19 years of fcf income to pay off all of its debts.
CSV has a Debt to FCF ratio of 14.19. This is in the better half of the industry: CSV outperforms 61.84% of its industry peers.
CSV has a Debt/Equity ratio of 2.25. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 2.25, CSV is not doing good in the industry: 72.37% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.25 | ||
| Debt/FCF | 14.19 | ||
| Altman-Z | 1.19 |
ROIC/WACC0.72
WACC7.08%
2.3 Liquidity
CSV has a Current Ratio of 0.88. This is a bad value and indicates that CSV is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.88, CSV is not doing good in the industry: 65.79% of the companies in the same industry are doing better.
A Quick Ratio of 0.75 indicates that CSV may have some problems paying its short term obligations.
CSV has a Quick ratio of 0.75. This is in the lower half of the industry: CSV underperforms 69.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
CSV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.04%, which is quite good.
CSV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.13% yearly.
Looking at the last year, CSV shows a very negative growth in Revenue. The Revenue has decreased by -19.49% in the last year.
The Revenue has been growing by 8.08% on average over the past years. This is quite good.
EPS 1Y (TTM)10.04%
EPS 3Y-4.7%
EPS 5Y16.13%
EPS Q2Q%17.19%
Revenue 1Y (TTM)-19.49%
Revenue growth 3Y2.45%
Revenue growth 5Y8.08%
Sales Q2Q%2.04%
3.2 Future
CSV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.83% yearly.
Based on estimates for the next years, CSV will show a small growth in Revenue. The Revenue will grow by 3.93% on average per year.
EPS Next Y25.01%
EPS Next 2Y15.09%
EPS Next 3Y13.83%
EPS Next 5YN/A
Revenue Next Year3.04%
Revenue Next 2Y3.2%
Revenue Next 3Y3.93%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.77, which indicates a correct valuation of CSV.
76.32% of the companies in the same industry are more expensive than CSV, based on the Price/Earnings ratio.
CSV is valuated rather cheaply when we compare the Price/Earnings ratio to 26.92, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 12.08 indicates a correct valuation of CSV.
82.89% of the companies in the same industry are more expensive than CSV, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CSV to the average of the S&P500 Index (23.57), we can say CSV is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 12.08 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CSV is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
CSV's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CSV is cheaper than 73.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.18 | ||
| EV/EBITDA | 10.08 |
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.
CSV has an outstanding profitability rating, which may justify a higher PE ratio.
CSV's earnings are expected to grow with 13.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.55
PEG (5Y)0.85
EPS Next 2Y15.09%
EPS Next 3Y13.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.06%, CSV has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 0.32, CSV pays a better dividend. On top of this CSV pays more dividend than 89.47% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, CSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
5.2 History
On average, the dividend of CSV grows each year by 8.45%, which is quite nice.
CSV has been paying a dividend for at least 10 years, so it has a reliable track record.
CSV has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.45%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
CSV pays out 14.40% of its income as dividend. This is a sustainable payout ratio.
The dividend of CSV is growing, but earnings are growing more, so the dividend growth is sustainable.
DP14.4%
EPS Next 2Y15.09%
EPS Next 3Y13.83%
42.26
-0.24 (-0.56%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners79.41%
Inst Owner Change0%
Ins Owners2.39%
Ins Owner Change-0.82%
Market Cap665.60M
Revenue(TTM)409.66M
Net Income(TTM)48.34M
Analysts84.44
Price Target61.2 (44.82%)
Short Float %2.26%
Short Ratio4.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
Yearly Dividend0.45
Dividend Growth(5Y)8.45%
DP14.4%
Div Incr Years0
Div Non Decr Years13
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.1%
Min EPS beat(2)0.83%
Max EPS beat(2)1.38%
EPS beat(4)4
Avg EPS beat(4)9.16%
Min EPS beat(4)0.83%
Max EPS beat(4)20.36%
EPS beat(8)8
Avg EPS beat(8)23.5%
EPS beat(12)10
Avg EPS beat(12)14.96%
EPS beat(16)11
Avg EPS beat(16)8.07%
Revenue beat(2)2
Avg Revenue beat(2)0.59%
Min Revenue beat(2)0.53%
Max Revenue beat(2)0.66%
Revenue beat(4)4
Avg Revenue beat(4)0.8%
Min Revenue beat(4)0.01%
Max Revenue beat(4)2.02%
Revenue beat(8)8
Avg Revenue beat(8)3.17%
Revenue beat(12)11
Avg Revenue beat(12)2.66%
Revenue beat(16)12
Avg Revenue beat(16)1.72%
PT rev (1m)0%
PT rev (3m)1.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.6%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 12.08 | ||
| P/S | 1.62 | ||
| P/FCF | 17.18 | ||
| P/OCF | 11.92 | ||
| P/B | 2.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.08 |
EPS(TTM)3.07
EY7.26%
EPS(NY)3.5
Fwd EY8.28%
FCF(TTM)2.46
FCFY5.82%
OCF(TTM)3.55
OCFY8.39%
SpS26.01
BVpS15.37
TBVpS-14.86
PEG (NY)0.55
PEG (5Y)0.85
Graham Number32.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.6% | ||
| ROE | 19.97% | ||
| ROCE | 7.43% | ||
| ROIC | 5.12% | ||
| ROICexc | 5.13% | ||
| ROICexgc | 8.15% | ||
| OM | 23.32% | ||
| PM (TTM) | 11.8% | ||
| GM | 35.07% | ||
| FCFM | 9.46% |
ROA(3y)2.87%
ROA(5y)2.56%
ROE(3y)21.63%
ROE(5y)19.48%
ROIC(3y)4.77%
ROIC(5y)5.01%
ROICexc(3y)4.78%
ROICexc(5y)5.02%
ROICexgc(3y)7.7%
ROICexgc(5y)8.1%
ROCE(3y)6.93%
ROCE(5y)7.28%
ROICexgc growth 3Y-6.67%
ROICexgc growth 5Y6.94%
ROICexc growth 3Y-6.46%
ROICexc growth 5Y7.65%
OM growth 3Y-5.95%
OM growth 5Y1.81%
PM growth 3Y-2.97%
PM growth 5Y8.75%
GM growth 3Y0.98%
GM growth 5Y4.08%
F-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.25 | ||
| Debt/FCF | 14.19 | ||
| Debt/EBITDA | 4.53 | ||
| Cap/Depr | 68.51% | ||
| Cap/Sales | 4.17% | ||
| Interest Coverage | 3.57 | ||
| Cash Conversion | 46.35% | ||
| Profit Quality | 80.14% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 1.19 |
F-Score6
WACC7.08%
ROIC/WACC0.72
Cap/Depr(3y)90.07%
Cap/Depr(5y)92.54%
Cap/Sales(3y)5.25%
Cap/Sales(5y)5.4%
Profit Quality(3y)122.9%
Profit Quality(5y)194.26%
High Growth Momentum
Growth
EPS 1Y (TTM)10.04%
EPS 3Y-4.7%
EPS 5Y16.13%
EPS Q2Q%17.19%
EPS Next Y25.01%
EPS Next 2Y15.09%
EPS Next 3Y13.83%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.49%
Revenue growth 3Y2.45%
Revenue growth 5Y8.08%
Sales Q2Q%2.04%
Revenue Next Year3.04%
Revenue Next 2Y3.2%
Revenue Next 3Y3.93%
Revenue Next 5YN/A
EBIT growth 1Y-11.46%
EBIT growth 3Y-3.65%
EBIT growth 5Y10.04%
EBIT Next Year63.24%
EBIT Next 3Y22.87%
EBIT Next 5YN/A
FCF growth 1Y-28.28%
FCF growth 3Y-15.44%
FCF growth 5Y5.22%
OCF growth 1Y-23.31%
OCF growth 3Y-14.86%
OCF growth 5Y3.77%
CARRIAGE SERVICES INC / CSV FAQ
What is the fundamental rating for CSV stock?
ChartMill assigns a fundamental rating of 5 / 10 to CSV.
What is the valuation status for CSV stock?
ChartMill assigns a valuation rating of 7 / 10 to CARRIAGE SERVICES INC (CSV). This can be considered as Undervalued.
Can you provide the profitability details for CARRIAGE SERVICES INC?
CARRIAGE SERVICES INC (CSV) has a profitability rating of 8 / 10.
What are the PE and PB ratios of CARRIAGE SERVICES INC (CSV) stock?
The Price/Earnings (PE) ratio for CARRIAGE SERVICES INC (CSV) is 13.77 and the Price/Book (PB) ratio is 2.75.
What is the expected EPS growth for CARRIAGE SERVICES INC (CSV) stock?
The Earnings per Share (EPS) of CARRIAGE SERVICES INC (CSV) is expected to grow by 25.01% in the next year.