CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
USA - NYSE:CSV - US1439051079 - Common Stock
42.95 USD
+0.26 (+0.61%)
42.95 USD
0 (0%)
CSV gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 74 industry peers in the Diversified Consumer Services industry. CSV scores excellent on profitability, but there are concerns on its financial health. CSV is valued quite cheap, while showing a decent growth score. This is a good combination! Finally 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 4.05% is fine compared to the rest of the industry. CSV outperforms 66.22% of its industry peers.
CSV has a better Return On Equity (21.92%) than 87.84% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.32%, CSV is in the better half of the industry, outperforming 68.92% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CSV is significantly below the industry average of 9.88%.
The 3 year average ROIC (4.77%) for CSV is below the current ROIC(5.32%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.05% | ||
| ROE | 21.92% | ||
| ROIC | 5.32% |
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
Looking at the Profit Margin, with a value of 12.66%, CSV is in the better half of the industry, outperforming 78.38% of the companies in the same industry.
In the last couple of years the Profit Margin of CSV has grown nicely.
CSV has a better Operating Margin (23.25%) than 90.54% of its industry peers.
CSV's Operating Margin has improved in the last couple of years.
CSV has a worse Gross Margin (35.06%) than 60.81% of its industry peers.
In the last couple of years the Gross Margin of CSV has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.25% | ||
| PM (TTM) | 12.66% | ||
| GM | 35.06% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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
CSV has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.26, we must say that CSV is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.26, CSV perfoms like the industry average, outperforming 58.11% of the companies in the same industry.
The Debt to FCF ratio of CSV is 14.24, which is on the high side as it means it would take CSV, 14.24 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 14.24, CSV is doing good in the industry, outperforming 60.81% of the companies in the same industry.
A Debt/Equity ratio of 2.22 is on the high side and indicates that CSV has dependencies on debt financing.
CSV's Debt to Equity ratio of 2.22 is on the low side compared to the rest of the industry. CSV is outperformed by 71.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 14.24 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.73
WACC7.24%
2.3 Liquidity
CSV has a Current Ratio of 1.06. This is a normal value and indicates that CSV is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CSV (1.06) is comparable to the rest of the industry.
A Quick Ratio of 0.90 indicates that CSV may have some problems paying its short term obligations.
With a Quick ratio value of 0.90, CSV is not doing good in the industry: 60.81% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
CSV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.35%, which is quite good.
The Earnings Per Share has been growing by 16.13% on average over the past years. This is quite good.
Looking at the last year, CSV shows a very negative growth in Revenue. The Revenue has decreased by -18.26% in the last year.
Measured over the past years, CSV shows a quite strong growth in Revenue. The Revenue has been growing by 8.08% on average per year.
EPS 1Y (TTM)19.35%
EPS 3Y-4.7%
EPS 5Y16.13%
EPS Q2Q%17.46%
Revenue 1Y (TTM)-18.26%
Revenue growth 3Y2.45%
Revenue growth 5Y8.08%
Sales Q2Q%-0.17%
3.2 Future
The Earnings Per Share is expected to grow by 16.10% on average over the next years. This is quite good.
Based on estimates for the next years, CSV will show a small growth in Revenue. The Revenue will grow by 3.11% on average per year.
EPS Next Y25.48%
EPS Next 2Y16.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.04%
Revenue Next 2Y3.11%
Revenue Next 3YN/A
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.51, CSV is valued correctly.
CSV's Price/Earnings ratio is rather cheap when compared to the industry. CSV is cheaper than 82.43% of the companies in the same industry.
CSV is valuated rather cheaply when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.07, the valuation of CSV can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CSV indicates a rather cheap valuation: CSV is cheaper than 87.84% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CSV to the average of the S&P500 Index (22.77), we can say CSV is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.51 | ||
| Fwd PE | 12.07 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CSV indicates a somewhat cheap valuation: CSV is cheaper than 70.27% of the companies listed in the same industry.
74.32% of the companies in the same industry are more expensive than CSV, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.22 | ||
| EV/EBITDA | 10.06 |
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 a very decent profitability rating, which may justify a higher PE ratio.
CSV's earnings are expected to grow with 16.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
PEG (5Y)0.9
EPS Next 2Y16.1%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CSV has a Yearly Dividend Yield of 1.05%.
Compared to an average industry Dividend Yield of 3.04, CSV pays a better dividend. On top of this CSV pays more dividend than 87.84% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, CSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
The dividend of CSV is nicely growing with an annual growth rate of 8.45%!
CSV has paid a dividend for at least 10 years, which is a reliable track record.
CSV has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.45%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
CSV pays out 13.38% of its income as dividend. This is a sustainable payout ratio.
CSV's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP13.38%
EPS Next 2Y16.1%
EPS Next 3YN/A
42.95
+0.26 (+0.61%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners75%
Inst Owner Change3.51%
Ins Owners2.64%
Ins Owner Change-1.35%
Market Cap674.32M
Analysts85
Price Target60.18 (40.12%)
Short Float %2.05%
Short Ratio2.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
Yearly Dividend0.45
Dividend Growth(5Y)8.45%
DP13.38%
Div Incr Years0
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.44%
Min EPS beat(2)0.83%
Max EPS beat(2)14.06%
EPS beat(4)4
Avg EPS beat(4)21.83%
Min EPS beat(4)0.83%
Max EPS beat(4)52.08%
EPS beat(8)7
Avg EPS beat(8)18.96%
EPS beat(12)9
Avg EPS beat(12)13.18%
EPS beat(16)11
Avg EPS beat(16)10.19%
Revenue beat(2)2
Avg Revenue beat(2)1.34%
Min Revenue beat(2)0.66%
Max Revenue beat(2)2.02%
Revenue beat(4)4
Avg Revenue beat(4)2.49%
Min Revenue beat(4)0.01%
Max Revenue beat(4)7.27%
Revenue beat(8)7
Avg Revenue beat(8)2.62%
Revenue beat(12)10
Avg Revenue beat(12)2.39%
Revenue beat(16)12
Avg Revenue beat(16)2.47%
PT rev (1m)11.32%
PT rev (3m)13.46%
EPS NQ rev (1m)2.38%
EPS NQ rev (3m)3.87%
EPS NY rev (1m)1.86%
EPS NY rev (3m)0.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.83%
Revenue NY rev (1m)1.82%
Revenue NY rev (3m)1.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.51 | ||
| Fwd PE | 12.07 | ||
| P/S | 1.65 | ||
| P/FCF | 18.22 | ||
| P/OCF | 12.96 | ||
| P/B | 2.86 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.06 |
EPS(TTM)2.96
EY6.89%
EPS(NY)3.56
Fwd EY8.29%
FCF(TTM)2.36
FCFY5.49%
OCF(TTM)3.31
OCFY7.71%
SpS25.96
BVpS14.99
TBVpS-13.74
PEG (NY)0.57
PEG (5Y)0.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.05% | ||
| ROE | 21.92% | ||
| ROCE | 7.72% | ||
| ROIC | 5.32% | ||
| ROICexc | 5.32% | ||
| ROICexgc | 8.42% | ||
| OM | 23.25% | ||
| PM (TTM) | 12.66% | ||
| GM | 35.06% | ||
| FCFM | 9.08% |
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%
ROICexcg growth 3Y-6.67%
ROICexcg 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-Score7
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 14.24 | ||
| Debt/EBITDA | 4.39 | ||
| Cap/Depr | 62.16% | ||
| Cap/Sales | 3.68% | ||
| Interest Coverage | 3.39 | ||
| Cash Conversion | 43.74% | ||
| Profit Quality | 71.7% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 1.26 |
F-Score7
WACC7.24%
ROIC/WACC0.73
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)19.35%
EPS 3Y-4.7%
EPS 5Y16.13%
EPS Q2Q%17.46%
EPS Next Y25.48%
EPS Next 2Y16.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-18.26%
Revenue growth 3Y2.45%
Revenue growth 5Y8.08%
Sales Q2Q%-0.17%
Revenue Next Year3.04%
Revenue Next 2Y3.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.93%
EBIT growth 3Y-3.65%
EBIT growth 5Y10.04%
EBIT Next Year61.92%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-23.65%
FCF growth 3Y-15.44%
FCF growth 5Y5.22%
OCF growth 1Y-25.73%
OCF growth 3Y-14.86%
OCF growth 5Y3.77%