CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CSV - US1439051079 - Common Stock
42.69 USD
-0.61 (-1.41%)
42.69 USD
0 (0%)
Taking everything into account, CSV scores 5 out of 10 in our fundamental rating. CSV was compared to 77 industry peers in the Diversified Consumer Services industry. While CSV belongs to the best of the industry regarding profitability, there are concerns on its financial health. CSV is valued quite cheap, while showing a decent growth score. This is a good combination! 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.
In the past 5 years CSV always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CSV (3.60%) is better than 62.34% of its industry peers.
CSV has a better Return On Equity (19.97%) than 85.71% of its industry peers.
CSV has a Return On Invested Capital of 5.12%. This is in the better half of the industry: CSV outperforms 66.23% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSV is below the industry average of 9.42%.
The 3 year average ROIC (4.77%) for CSV is below the current ROIC(5.12%), indicating increased profibility in the last year.
| 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 74.03% 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 23.32%, CSV belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
In the last couple of years the Operating Margin of CSV has grown nicely.
Looking at the Gross Margin, with a value of 35.07%, CSV is doing worse than 61.04% 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.
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.
CSV has a better debt/assets ratio than last year.
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 (1.20) which 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.
Looking at the Debt to FCF ratio, with a value of 14.19, CSV is in the better half of the industry, outperforming 61.04% of the companies in the same industry.
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 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.25 | ||
| Debt/FCF | 14.19 | ||
| Altman-Z | 1.2 |
ROIC/WACC0.69
WACC7.41%
2.3 Liquidity
A Current Ratio of 0.88 indicates that CSV may have some problems paying its short term obligations.
CSV has a worse Current ratio (0.88) than 67.53% of its industry peers.
A Quick Ratio of 0.75 indicates that CSV may have some problems paying 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 71.43% 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.
CSV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.13% yearly.
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
The Earnings Per Share is expected to grow by 15.52% 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 4.60% on average per year.
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
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.91, CSV is valued correctly.
72.73% of the companies in the same industry are more expensive than CSV, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.11. CSV is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 11.96 indicates a reasonable valuation of CSV.
77.92% of the companies in the same industry are more expensive than CSV, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CSV to the average of the S&P500 Index (36.21), we can say CSV is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.91 | ||
| Fwd PE | 11.96 |
4.2 Price Multiples
64.94% of the companies in the same industry are more expensive than CSV, based on the Enterprise Value to EBITDA ratio.
CSV's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CSV is cheaper than 70.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.35 | ||
| 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.
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 15.52% in the coming years.
PEG (NY)0.53
PEG (5Y)0.86
EPS Next 2Y16.29%
EPS Next 3Y15.52%
5. Dividend
5.1 Amount
CSV has a Yearly Dividend Yield of 1.05%. Purely for dividend investing, there may be better candidates out there.
CSV's Dividend Yield is rather good when compared to the industry average which is at 2.12. CSV pays more dividend than 88.31% of the companies in the same industry.
With a Dividend Yield of 1.05, CSV pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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 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.
The dividend of CSV is growing, but earnings are growing more, so the dividend growth is sustainable.
DP14.4%
EPS Next 2Y16.29%
EPS Next 3Y15.52%
42.69
-0.61 (-1.41%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners77.72%
Inst Owner Change-0.09%
Ins Owners2.53%
Ins Owner Change-0.83%
Market Cap672.37M
Revenue(TTM)409.66M
Net Income(TTM)48.34M
Analysts84.44
Price Target61.2 (43.36%)
Short Float %2.27%
Short Ratio3.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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)1.69%
PT rev (3m)1.69%
EPS NQ rev (1m)-4.06%
EPS NQ rev (3m)-4.15%
EPS NY rev (1m)-0.18%
EPS NY rev (3m)0.53%
Revenue NQ rev (1m)-1.78%
Revenue NQ rev (3m)-1.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.91 | ||
| Fwd PE | 11.96 | ||
| P/S | 1.64 | ||
| P/FCF | 17.35 | ||
| P/OCF | 12.04 | ||
| P/B | 2.78 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.21 |
EPS(TTM)3.07
EY7.19%
EPS(NY)3.57
Fwd EY8.36%
FCF(TTM)2.46
FCFY5.76%
OCF(TTM)3.55
OCFY8.31%
SpS26.01
BVpS15.37
TBVpS-14.86
PEG (NY)0.53
PEG (5Y)0.86
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
WACC7.41%
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)-19.49%
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-11.46%
EBIT growth 3Y-3.65%
EBIT growth 5Y10.04%
EBIT Next Year63.86%
EBIT Next 3Y23.5%
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 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 13.91 and the Price/Book (PB) ratio is 2.78.
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%.