CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
USA - NYSE:CSV - US1439051079 - Common Stock
40.73 USD
-0.56 (-1.36%)
40.73 USD
0 (0%)
CSV gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 79 industry peers in the Diversified Consumer Services industry. CSV scores excellent on profitability, but there are concerns on its financial health. CSV may be a bit undervalued, certainly considering the very reasonable score on growth CSV also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CSV had positive earnings in the past year.
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 (4.05%) is better than 64.56% of its industry peers.
With an excellent Return On Equity value of 21.92%, CSV belongs to the best of the industry, outperforming 87.34% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.32%, CSV is doing good in the industry, outperforming 67.09% 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 10.05%.
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
With a decent Profit Margin value of 12.66%, CSV is doing good in the industry, outperforming 77.22% of the companies in the same industry.
CSV's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 23.25%, CSV belongs to the top of the industry, outperforming 91.14% of the companies in the same industry.
In the last couple of years the Operating Margin of CSV has grown nicely.
With a Gross Margin value of 35.06%, CSV is not doing good in the industry: 60.76% of the companies in the same industry are doing better.
CSV's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CSV is destroying value.
Compared to 1 year ago, CSV has more shares outstanding
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 1.24, we must say that CSV is in the distress zone and has some risk of bankruptcy.
CSV has a Altman-Z score (1.24) which is comparable to the rest of the industry.
CSV has a debt to FCF ratio of 14.24. This is a negative value and a sign of low solvency as CSV would need 14.24 years to pay back of all of its debts.
The Debt to FCF ratio of CSV (14.24) is better than 60.76% of its industry peers.
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 72.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 14.24 | ||
| Altman-Z | 1.24 |
ROIC/WACC0.69
WACC7.72%
2.3 Liquidity
A Current Ratio of 1.06 indicates that CSV should not have too much problems paying 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.
The Quick ratio of CSV (0.90) is worse than 63.29% of its industry peers.
| 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 10.04%, which is quite good.
The Earnings Per Share has been growing by 16.13% on average over the past years. This is quite good.
The Revenue has been growing slightly by 5.67% in the past 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)10.04%
EPS 3Y-4.7%
EPS 5Y16.13%
EPS Q2Q%17.19%
Revenue 1Y (TTM)5.67%
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 15.52% yearly.
The Revenue is expected to grow by 4.60% on average over the next years.
EPS Next Y26.15%
EPS Next 2Y16.29%
EPS Next 3Y15.52%
EPS Next 5YN/A
Revenue Next Year3.19%
Revenue Next 2Y3.29%
Revenue Next 3Y4.6%
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
CSV is valuated correctly with a Price/Earnings ratio of 13.27.
Based on the Price/Earnings ratio, CSV is valued a bit cheaper than 75.95% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.56. CSV is valued slightly cheaper when compared to this.
CSV is valuated reasonably with a Price/Forward Earnings ratio of 11.41.
CSV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CSV is cheaper than 78.48% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CSV to the average of the S&P500 Index (34.62), we can say CSV is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.27 | ||
| Fwd PE | 11.41 |
4.2 Price Multiples
64.56% of the companies in the same industry are more expensive than CSV, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CSV is valued a bit cheaper than the industry average as 69.62% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.28 | ||
| EV/EBITDA | 9.87 |
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 decent profitability rating of CSV may justify a higher PE ratio.
CSV's earnings are expected to grow with 15.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.51
PEG (5Y)0.82
EPS Next 2Y16.29%
EPS Next 3Y15.52%
5. Dividend
5.1 Amount
CSV has a Yearly Dividend Yield of 1.08%.
CSV's Dividend Yield is rather good when compared to the industry average which is at 2.04. CSV pays more dividend than 89.87% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, 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
13.38% of the earnings are spent on dividend by CSV. This is a low number and sustainable payout ratio.
CSV's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP13.38%
EPS Next 2Y16.29%
EPS Next 3Y15.52%
40.73
-0.56 (-1.36%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners77.72%
Inst Owner Change2.11%
Ins Owners2.53%
Ins Owner Change-1.07%
Market Cap639.46M
Revenue(TTM)404.20M
Net Income(TTM)51.61M
Analysts84.44
Price Target60.38 (48.24%)
Short Float %2.45%
Short Ratio3.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
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)0.34%
PT rev (3m)11.7%
EPS NQ rev (1m)2.21%
EPS NQ rev (3m)4.64%
EPS NY rev (1m)0.53%
EPS NY rev (3m)2.41%
Revenue NQ rev (1m)0.69%
Revenue NQ rev (3m)0.69%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)1.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.27 | ||
| Fwd PE | 11.41 | ||
| P/S | 1.57 | ||
| P/FCF | 17.28 | ||
| P/OCF | 12.29 | ||
| P/B | 2.72 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.87 |
EPS(TTM)3.07
EY7.54%
EPS(NY)3.57
Fwd EY8.77%
FCF(TTM)2.36
FCFY5.79%
OCF(TTM)3.31
OCFY8.13%
SpS25.96
BVpS14.99
TBVpS-13.74
PEG (NY)0.51
PEG (5Y)0.82
Graham Number32.18
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%
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-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 | 1.24 |
F-Score7
WACC7.72%
ROIC/WACC0.69
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 Y26.15%
EPS Next 2Y16.29%
EPS Next 3Y15.52%
EPS Next 5YN/A
Revenue 1Y (TTM)5.67%
Revenue growth 3Y2.45%
Revenue growth 5Y8.08%
Sales Q2Q%2.04%
Revenue Next Year3.19%
Revenue Next 2Y3.29%
Revenue Next 3Y4.6%
Revenue Next 5YN/A
EBIT growth 1Y-5.93%
EBIT growth 3Y-3.65%
EBIT growth 5Y10.04%
EBIT Next Year63.86%
EBIT Next 3Y23.5%
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%
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 7 / 10 to CARRIAGE SERVICES INC (CSV). This can be considered as Undervalued.
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 13.27 and the Price/Book (PB) ratio is 2.72.
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 13.38%.