CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CSV - US1439051079 - Common Stock
43.26 USD
-0.35 (-0.8%)
44 USD
+0.74 (+1.71%)
Overall CSV gets a fundamental rating of 5 out of 10. We evaluated CSV against 77 industry peers in the Diversified Consumer Services industry. CSV has an excellent profitability rating, but there are concerns on its financial health. CSV has a decent growth rate and is not valued too expensively. Finally 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.
In the past 5 years CSV always reported a positive cash flow from operatings.
1.2 Ratios
CSV has a better Return On Assets (3.60%) than 61.04% of its industry peers.
Looking at the Return On Equity, with a value of 19.97%, CSV belongs to the top of the industry, outperforming 84.42% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.12%, CSV is doing good in the industry, outperforming 63.64% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CSV is below the industry average of 9.07%.
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
CSV has a Profit Margin of 11.80%. This is in the better half of the industry: CSV outperforms 72.73% of its industry peers.
In the last couple of years the Profit Margin of CSV has grown nicely.
CSV has a Operating Margin of 23.32%. This is amongst the best in the industry. CSV outperforms 90.91% of its industry peers.
CSV's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 35.07%, CSV perfoms like the industry average, outperforming 40.26% 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 | 23.32% | ||
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CSV is destroying value.
The number of shares outstanding for CSV has been increased compared to 1 year ago.
CSV has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CSV has an improved debt to assets ratio.
2.2 Solvency
CSV has an Altman-Z score of 1.20. This is a bad value and indicates that CSV is not financially healthy and even has some risk of bankruptcy.
CSV has a Altman-Z score of 1.20. This is comparable to the rest of the industry: CSV outperforms 57.14% of its industry peers.
CSV has a debt to FCF ratio of 14.19. This is a negative value and a sign of low solvency as CSV would need 14.19 years to pay back of all of its debts.
The Debt to FCF ratio of CSV (14.19) is better than 61.04% 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 has a Debt to Equity ratio of 2.25. This is in the lower half of the industry: CSV underperforms 74.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.25 | ||
| Debt/FCF | 14.19 | ||
| Altman-Z | 1.2 |
ROIC/WACC0.71
WACC7.23%
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: 66.23% of the companies in the same industry are doing better.
A Quick Ratio of 0.75 indicates that CSV may have some problems paying its short term obligations.
CSV has a Quick ratio of 0.75. This is in the lower half of the industry: CSV underperforms 70.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.75 |
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.
Measured over the past years, CSV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.13% on average per year.
CSV shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.49%.
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
Based on estimates for the next years, CSV will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.83% on average per year.
The Revenue is expected to grow by 3.93% on average over the next years.
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
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 14.09, CSV is valued correctly.
Based on the Price/Earnings ratio, CSV is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CSV to the average of the S&P500 Index (26.38), we can say CSV is valued slightly cheaper.
A Price/Forward Earnings ratio of 12.33 indicates a correct valuation of CSV.
Based on the Price/Forward Earnings ratio, CSV is valued a bit cheaper than 77.92% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CSV to the average of the S&P500 Index (23.83), we can say CSV is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.09 | ||
| Fwd PE | 12.33 |
4.2 Price Multiples
CSV's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CSV is cheaper than 64.94% of the companies in the same industry.
72.73% 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 | 17.59 | ||
| EV/EBITDA | 10.21 |
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 an outstanding 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 13.83% in the coming years.
PEG (NY)0.56
PEG (5Y)0.87
EPS Next 2Y15.3%
EPS Next 3Y13.83%
5. Dividend
5.1 Amount
CSV has a Yearly Dividend Yield of 1.03%.
Compared to an average industry Dividend Yield of 0.32, CSV pays a better dividend. On top of this CSV pays more dividend than 88.31% of the companies listed in the same industry.
With a Dividend Yield of 1.03, CSV pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
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
14.40% 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.
DP14.4%
EPS Next 2Y15.3%
EPS Next 3Y13.83%
43.26
-0.35 (-0.8%)
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-0.76%
Market Cap681.35M
Revenue(TTM)409.66M
Net Income(TTM)48.34M
Analysts84.44
Price Target61.2 (41.47%)
Short Float %2.25%
Short Ratio4.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
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)-1.51%
EPS NQ rev (3m)-5.6%
EPS NY rev (1m)-0.91%
EPS NY rev (3m)-0.38%
Revenue NQ rev (1m)-0.24%
Revenue NQ rev (3m)-1.94%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.09 | ||
| Fwd PE | 12.33 | ||
| P/S | 1.66 | ||
| P/FCF | 17.59 | ||
| P/OCF | 12.2 | ||
| P/B | 2.81 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.21 |
EPS(TTM)3.07
EY7.1%
EPS(NY)3.51
Fwd EY8.11%
FCF(TTM)2.46
FCFY5.69%
OCF(TTM)3.55
OCFY8.2%
SpS26.01
BVpS15.37
TBVpS-14.86
PEG (NY)0.56
PEG (5Y)0.87
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 | 1.2 |
F-Score6
WACC7.23%
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 14.09 and the Price/Book (PB) ratio is 2.81.
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%.