CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
NYSE:CSV - New York Stock Exchange, Inc. - US1439051079 - Common Stock
CSV gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 71 industry peers in the Diversified Consumer Services industry. CSV has an excellent profitability rating, but there are concerns on its financial health. CSV scores decently on growth, while it is valued quite cheap. This could make an interesting combination. CSV also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CSV was profitable.
CSV had a positive operating cash flow in the past year.
Each year in the past 5 years CSV has been profitable.
CSV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CSV (3.23%) is better than 66.67% of its industry peers.
CSV's Return On Equity of 20.79% is amongst the best of the industry. CSV outperforms 84.13% of its industry peers.
CSV has a Return On Invested Capital of 6.41%. This is in the better half of the industry: CSV outperforms 74.60% of its industry peers.
CSV had an Average Return On Invested Capital over the past 3 years of 5.37%. This is significantly below the industry average of 11.87%.
The 3 year average ROIC (5.37%) for CSV is below the current ROIC(6.41%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 20.79% | ||
| ROIC | 6.41% |
ROA(3y)2.96%
ROA(5y)2.31%
ROE(3y)25.05%
ROE(5y)17.64%
ROIC(3y)5.37%
ROIC(5y)4.95%
1.3 Margins
CSV's Profit Margin of 8.10% is fine compared to the rest of the industry. CSV outperforms 68.25% of its industry peers.
CSV's Profit Margin has improved in the last couple of years.
CSV's Operating Margin of 21.21% is amongst the best of the industry. CSV outperforms 87.30% of its industry peers.
CSV's Operating Margin has improved in the last couple of years.
CSV's Gross Margin of 35.70% is on the low side compared to the rest of the industry. CSV is outperformed by 65.08% of its industry peers.
CSV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.21% | ||
| PM (TTM) | 8.1% | ||
| GM | 35.7% |
OM growth 3Y-3.48%
OM growth 5Y5.86%
PM growth 3Y21.23%
PM growth 5Y14.87%
GM growth 3Y0.36%
GM growth 5Y2.79%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CSV is destroying value.
CSV has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CSV has less shares outstanding
Compared to 1 year ago, CSV has an improved debt to assets ratio.
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.
CSV has a Altman-Z score of 1.26. This is comparable to the rest of the industry: CSV outperforms 55.56% of its industry peers.
The Debt to FCF ratio of CSV is 13.83, which is on the high side as it means it would take CSV, 13.83 years of fcf income to pay off all of its debts.
CSV's Debt to FCF ratio of 13.83 is in line compared to the rest of the industry. CSV outperforms 53.97% of its industry peers.
A Debt/Equity ratio of 2.76 is on the high side and indicates that CSV has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.76, CSV is doing worse than 80.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.76 | ||
| Debt/FCF | 13.83 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.62
WACC10.31%
2.3 Liquidity
CSV has a Current Ratio of 0.72. 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 0.72, CSV is not doing good in the industry: 73.02% of the companies in the same industry are doing better.
CSV has a Quick Ratio of 0.72. This is a bad value and indicates that CSV is not financially healthy enough and could expect problems in meeting its short term obligations.
CSV's Quick ratio of 0.59 is on the low side compared to the rest of the industry. CSV is outperformed by 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
CSV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.44%, which is quite impressive.
Measured over the past years, CSV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.17% on average per year.
Looking at the last year, CSV shows a very strong growth in Revenue. The Revenue has grown by 34.75%.
CSV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.38% yearly.
EPS 1Y (TTM)35.44%
EPS 3Y5.22%
EPS 5Y13.17%
EPS Q2Q%93.94%
Revenue 1Y (TTM)34.75%
Revenue growth 3Y5.11%
Revenue growth 5Y7.38%
Sales Q2Q%11.26%
3.2 Future
The Earnings Per Share is expected to grow by 15.14% on average over the next years. This is quite good.
CSV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.43% yearly.
EPS Next Y16.53%
EPS Next 2Y13.7%
EPS Next 3Y15.14%
EPS Next 5YN/A
Revenue Next Year6.45%
Revenue Next 2Y5.27%
Revenue Next 3Y6.43%
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 stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.38 indicates a correct valuation of CSV.
CSV's Price/Earnings ratio is rather cheap when compared to the industry. CSV is cheaper than 82.54% of the companies in the same industry.
CSV is valuated rather cheaply when we compare the Price/Earnings ratio to 27.96, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 14.17, which indicates a correct valuation of CSV.
Based on the Price/Forward Earnings ratio, CSV is valued cheaply inside the industry as 82.54% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.11, CSV is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.38 | ||
| Fwd PE | 14.17 |
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 77.78% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CSV indicates a rather cheap valuation: CSV is cheaper than 80.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.35 | ||
| EV/EBITDA | 8.74 |
4.3 Compensation for Growth
CSV's 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.
A more expensive valuation may be justified as CSV's earnings are expected to grow with 15.14% in the coming years.
PEG (NY)0.87
PEG (5Y)1.09
EPS Next 2Y13.7%
EPS Next 3Y15.14%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.13%, CSV has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.38, CSV pays a better dividend. On top of this CSV pays more dividend than 85.71% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, CSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
The dividend of CSV is nicely growing with an annual growth rate of 6.97%!
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)6.97%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
CSV pays out 16.47% 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.
DP16.47%
EPS Next 2Y13.7%
EPS Next 3Y15.14%
CARRIAGE SERVICES INC
NYSE:CSV (1/17/2025, 8:04:01 PM)
After market: 40.12 0 (0%)40.12
+0.29 (+0.73%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners68.52%
Inst Owner Change0%
Ins Owners2.08%
Ins Owner Change-0.31%
Market Cap610.63M
Analysts85
Price Target48.71 (21.41%)
Short Float %1.39%
Short Ratio1.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Yearly Dividend0.45
Dividend Growth(5Y)6.97%
DP16.47%
Div Incr Years0
Div Non Decr Years13
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)35.63%
Min EPS beat(2)19.19%
Max EPS beat(2)52.08%
EPS beat(4)4
Avg EPS beat(4)37.85%
Min EPS beat(4)19.19%
Max EPS beat(4)54.8%
EPS beat(8)6
Avg EPS beat(8)17.86%
EPS beat(12)7
Avg EPS beat(12)7.7%
EPS beat(16)11
Avg EPS beat(16)13.25%
Revenue beat(2)2
Avg Revenue beat(2)6.96%
Min Revenue beat(2)6.66%
Max Revenue beat(2)7.27%
Revenue beat(4)4
Avg Revenue beat(4)5.53%
Min Revenue beat(4)3.72%
Max Revenue beat(4)7.27%
Revenue beat(8)7
Avg Revenue beat(8)3.59%
Revenue beat(12)8
Avg Revenue beat(12)2.02%
Revenue beat(16)12
Avg Revenue beat(16)4.32%
PT rev (1m)0%
PT rev (3m)21.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.16%
EPS NY rev (1m)2.02%
EPS NY rev (3m)8.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.38 | ||
| Fwd PE | 14.17 | ||
| P/S | 1.2 | ||
| P/FCF | 15.35 | ||
| P/OCF | 10.82 | ||
| P/B | 3.08 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.74 |
EPS(TTM)2.79
EY6.95%
EPS(NY)2.83
Fwd EY7.06%
FCF(TTM)2.61
FCFY6.51%
OCF(TTM)3.71
OCFY9.25%
SpS33.43
BVpS13.02
TBVpS-16.81
PEG (NY)0.87
PEG (5Y)1.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 20.79% | ||
| ROCE | 8.88% | ||
| ROIC | 6.41% | ||
| ROICexc | 6.41% | ||
| ROICexgc | 10.25% | ||
| OM | 21.21% | ||
| PM (TTM) | 8.1% | ||
| GM | 35.7% | ||
| FCFM | 7.82% |
ROA(3y)2.96%
ROA(5y)2.31%
ROE(3y)25.05%
ROE(5y)17.64%
ROIC(3y)5.37%
ROIC(5y)4.95%
ROICexc(3y)5.37%
ROICexc(5y)4.95%
ROICexgc(3y)8.68%
ROICexgc(5y)8.03%
ROCE(3y)7.44%
ROCE(5y)6.85%
ROICexcg growth 3Y-2.28%
ROICexcg growth 5Y6.85%
ROICexc growth 3Y-1.98%
ROICexc growth 5Y6.61%
OM growth 3Y-3.48%
OM growth 5Y5.86%
PM growth 3Y21.23%
PM growth 5Y14.87%
GM growth 3Y0.36%
GM growth 5Y2.79%
F-Score7
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.76 | ||
| Debt/FCF | 13.83 | ||
| Debt/EBITDA | 4.13 | ||
| Cap/Depr | 68.93% | ||
| Cap/Sales | 3.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 42.74% | ||
| Profit Quality | 96.56% | ||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z | 1.26 |
F-Score7
WACC10.31%
ROIC/WACC0.62
Cap/Depr(3y)105.97%
Cap/Depr(5y)96.57%
Cap/Sales(3y)6.13%
Cap/Sales(5y)5.72%
Profit Quality(3y)145.88%
Profit Quality(5y)210.58%
High Growth Momentum
Growth
EPS 1Y (TTM)35.44%
EPS 3Y5.22%
EPS 5Y13.17%
EPS Q2Q%93.94%
EPS Next Y16.53%
EPS Next 2Y13.7%
EPS Next 3Y15.14%
EPS Next 5YN/A
Revenue 1Y (TTM)34.75%
Revenue growth 3Y5.11%
Revenue growth 5Y7.38%
Sales Q2Q%11.26%
Revenue Next Year6.45%
Revenue Next 2Y5.27%
Revenue Next 3Y6.43%
Revenue Next 5YN/A
EBIT growth 1Y34.75%
EBIT growth 3Y1.45%
EBIT growth 5Y13.67%
EBIT Next Year60.01%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y14.91%
FCF growth 3Y-5.28%
FCF growth 5Y10.17%
OCF growth 1Y-12.6%
OCF growth 3Y-3.04%
OCF growth 5Y9.06%