CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
USA - NYSE:CSV - US1439051079 - Common Stock
41.34 USD
+0.23 (+0.56%)
41.34 USD
0 (0%)
Overall CSV gets a fundamental rating of 5 out of 10. We evaluated CSV against 78 industry peers in the Diversified Consumer Services industry. While CSV has a great profitability rating, there are quite some 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.
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 has a better Return On Assets (4.05%) than 67.95% of its industry peers.
Looking at the Return On Equity, with a value of 21.92%, CSV belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
The Return On Invested Capital of CSV (5.32%) is better than 70.51% of its industry peers.
CSV had an Average Return On Invested Capital over the past 3 years of 4.77%. This is below the industry average of 9.53%.
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 78.21% of the companies in the same industry.
CSV's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 23.25%, CSV belongs to the best of the industry, outperforming 91.03% of the companies in the same industry.
CSV's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 35.06%, CSV is doing worse than 60.26% of the companies in the same industry.
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.
CSV has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CSV has been reduced compared to 5 years ago.
Compared to 1 year ago, CSV has an improved debt to assets ratio.
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.
The Altman-Z score of CSV (1.24) is better than 62.82% of its industry peers.
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.
CSV's Debt to FCF ratio of 14.24 is fine compared to the rest of the industry. CSV outperforms 62.82% 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 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 14.24 | ||
| Altman-Z | 1.24 |
ROIC/WACC0.73
WACC7.25%
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.
With a Current ratio value of 1.06, CSV perfoms like the industry average, outperforming 50.00% of the companies in the same 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 perfoms like the industry average, outperforming 42.31% of the companies in the same industry.
| 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.
Looking at the last year, CSV shows a small growth in Revenue. The Revenue has grown by 5.67% 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)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
Based on estimates for the next years, CSV will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.52% on average per year.
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
A Price/Earnings ratio of 13.47 indicates a correct valuation of CSV.
Based on the Price/Earnings ratio, CSV is valued a bit cheaper than the industry average as 75.64% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CSV to the average of the S&P500 Index (26.06), we can say CSV is valued slightly cheaper.
A Price/Forward Earnings ratio of 11.58 indicates a reasonable valuation of CSV.
79.49% of the companies in the same industry are more expensive than CSV, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 32.73. CSV is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.47 | ||
| Fwd PE | 11.58 |
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 66.67% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CSV is valued a bit cheaper than 70.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.54 | ||
| EV/EBITDA | 9.85 |
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.
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)0.83
EPS Next 2Y16.29%
EPS Next 3Y15.52%
5. Dividend
5.1 Amount
CSV has a Yearly Dividend Yield of 1.09%.
Compared to an average industry Dividend Yield of 2.07, CSV pays a better dividend. On top of this CSV pays more dividend than 89.74% of the companies listed in the same industry.
With a Dividend Yield of 1.09, CSV pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
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 13.38% 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.
DP13.38%
EPS Next 2Y16.29%
EPS Next 3Y15.52%
41.34
+0.23 (+0.56%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners77.72%
Inst Owner Change0.5%
Ins Owners2.53%
Ins Owner Change-0.83%
Market Cap649.04M
Revenue(TTM)404.20M
Net Income(TTM)51.61M
Analysts84.44
Price Target60.38 (46.06%)
Short Float %2.45%
Short Ratio3.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
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)6.16%
EPS NY rev (1m)0.53%
EPS NY rev (3m)2.41%
Revenue NQ rev (1m)0.69%
Revenue NQ rev (3m)2.53%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)1.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.47 | ||
| Fwd PE | 11.58 | ||
| P/S | 1.59 | ||
| P/FCF | 17.54 | ||
| P/OCF | 12.48 | ||
| P/B | 2.76 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.85 |
EPS(TTM)3.07
EY7.43%
EPS(NY)3.57
Fwd EY8.64%
FCF(TTM)2.36
FCFY5.7%
OCF(TTM)3.31
OCFY8.01%
SpS25.96
BVpS14.99
TBVpS-13.74
PEG (NY)0.51
PEG (5Y)0.83
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
WACC7.25%
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)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 13.47 and the Price/Book (PB) ratio is 2.76.
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%.