CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CSV - US1439051079 - Common Stock
43.54 USD
+1.2 (+2.83%)
43.54 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 scores excellent on profitability, but there are concerns on its financial health. CSV has a correct valuation and a medium growth rate. CSV also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CSV was profitable.
In the past year CSV had a positive cash flow from operations.
In the past 5 years CSV has always been profitable.
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 63.16% of its industry peers.
CSV has a Return On Equity of 19.97%. This is amongst the best in the industry. CSV outperforms 85.53% of its industry peers.
The Return On Invested Capital of CSV (5.12%) is better than 65.79% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CSV is below the industry average of 8.97%.
The last Return On Invested Capital (5.12%) for CSV is above the 3 year average (4.77%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 11.80%, CSV is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
CSV's Profit Margin has improved in the last couple of years.
CSV's Operating Margin of 23.32% is amongst the best of the industry. CSV outperforms 90.79% of its industry peers.
In the last couple of years the Operating Margin of CSV has grown nicely.
The Gross Margin of CSV (35.07%) is worse than 61.84% of its industry peers.
In the last couple of years the Gross Margin of CSV has grown nicely.
| 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
CSV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 1.19, we must say that CSV is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CSV (1.19) is comparable to the rest of the industry.
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.
The Debt to FCF ratio of CSV (14.19) is better than 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.
CSV's Debt to Equity ratio of 2.25 is on the low side compared to the rest of the industry. CSV is outperformed by 72.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.25 | ||
| Debt/FCF | 14.19 | ||
| Altman-Z | 1.19 |
ROIC/WACC0.71
WACC7.25%
2.3 Liquidity
A Current Ratio of 0.88 indicates that CSV may have some problems paying its short term obligations.
With a Current ratio value of 0.88, CSV is not doing good in the industry: 67.11% of the companies in the same industry are doing better.
CSV has a Quick 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.
CSV's Quick ratio of 0.75 is on the low side compared to the rest of the industry. CSV is outperformed by 71.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.04% over the past year.
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 -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
The Earnings Per Share is expected to grow by 13.83% 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 3.93% on average per year.
EPS Next Y25.01%
EPS Next 2Y15.3%
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
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.
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
Based on the Price/Earnings ratio of 14.18, the valuation of CSV can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of CSV indicates a somewhat cheap valuation: CSV is cheaper than 76.32% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.76. CSV is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 12.41, which indicates a correct valuation of CSV.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CSV indicates a rather cheap valuation: CSV is cheaper than 80.26% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.96, CSV is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.18 | ||
| Fwd PE | 12.41 |
4.2 Price Multiples
CSV's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CSV is cheaper than 67.11% of the companies in the same industry.
72.37% 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 | 17.7 | ||
| EV/EBITDA | 10.09 |
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.
The decent profitability rating of CSV may justify a higher PE ratio.
A more expensive valuation may be justified as CSV's earnings are expected to grow with 13.83% in the coming years.
PEG (NY)0.57
PEG (5Y)0.88
EPS Next 2Y15.3%
EPS Next 3Y13.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.08%, CSV has a reasonable but not impressive dividend return.
CSV's Dividend Yield is rather good when compared to the industry average which is at 2.12. CSV pays more dividend than 88.16% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, CSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
5.2 History
On average, the dividend of CSV grows each year by 8.45%, which is quite nice.
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 14.40% 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.
DP14.4%
EPS Next 2Y15.3%
EPS Next 3Y13.83%
43.54
+1.2 (+2.83%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners79.32%
Inst Owner Change-0.17%
Ins Owners2.39%
Ins Owner Change-0.83%
Market Cap685.75M
Revenue(TTM)409.66M
Net Income(TTM)48.34M
Analysts84.44
Price Target61.2 (40.56%)
Short Float %2.02%
Short Ratio3.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
Yearly Dividend0.45
Dividend Growth(5Y)8.45%
DP14.4%
Div Incr Years0
Div Non Decr Years13
Ex-Date
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)1.35%
PT rev (3m)1.69%
EPS NQ rev (1m)-2.4%
EPS NQ rev (3m)-5.6%
EPS NY rev (1m)-0.91%
EPS NY rev (3m)-0.38%
Revenue NQ rev (1m)-2.01%
Revenue NQ rev (3m)-1.94%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.18 | ||
| Fwd PE | 12.41 | ||
| P/S | 1.67 | ||
| P/FCF | 17.7 | ||
| P/OCF | 12.28 | ||
| P/B | 2.83 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.09 |
EPS(TTM)3.07
EY7.05%
EPS(NY)3.51
Fwd EY8.06%
FCF(TTM)2.46
FCFY5.65%
OCF(TTM)3.55
OCFY8.14%
SpS26.01
BVpS15.37
TBVpS-14.86
PEG (NY)0.57
PEG (5Y)0.88
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
WACC7.25%
ROIC/WACC0.71
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 2Y15.3%
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.
Can you provide the valuation status for CARRIAGE SERVICES INC?
ChartMill assigns a valuation rating of 6 / 10 to CARRIAGE SERVICES INC (CSV). This can be considered as Fairly Valued.
What is the profitability of CSV stock?
CARRIAGE SERVICES INC (CSV) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for CSV stock?
The Price/Earnings (PE) ratio for CARRIAGE SERVICES INC (CSV) is 14.18 and the Price/Book (PB) ratio is 2.83.
Is the dividend of CARRIAGE SERVICES INC sustainable?
The dividend rating of CARRIAGE SERVICES INC (CSV) is 7 / 10 and the dividend payout ratio is 14.4%.