CARLISLE COS INC (CSL) Stock Fundamental Analysis
NYSE:CSL - US1423391002 - Common Stock
397.56 USD
+15.94 (+4.18%)
397.56 USD
0 (0%)
CSL gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 41 industry peers in the Building Products industry. CSL gets an excellent profitability rating and is at the same time showing great financial health properties. CSL has a decent growth rate and is not valued too expensively. These ratings could make CSL a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
In the past year CSL was profitable.
CSL had a positive operating cash flow in the past year.
CSL had positive earnings in each of the past 5 years.
CSL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CSL has a Return On Assets of 14.59%. This is amongst the best in the industry. CSL outperforms 87.80% of its industry peers.
With an excellent Return On Equity value of 37.98%, CSL belongs to the best of the industry, outperforming 95.12% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 17.03%, CSL belongs to the top of the industry, outperforming 82.93% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CSL is above the industry average of 12.87%.
The last Return On Invested Capital (17.03%) for CSL is above the 3 year average (15.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.59% | ||
| ROE | 37.98% | ||
| ROIC | 17.03% |
ROA(3y)15.61%
ROA(5y)11.62%
ROE(3y)36.9%
ROE(5y)27.85%
ROIC(3y)15.62%
ROIC(5y)12.39%
1.3 Margins
CSL has a better Profit Margin (16.10%) than 85.37% of its industry peers.
In the last couple of years the Profit Margin of CSL has grown nicely.
With an excellent Operating Margin value of 21.17%, CSL belongs to the best of the industry, outperforming 92.68% of the companies in the same industry.
CSL's Operating Margin has improved in the last couple of years.
The Gross Margin of CSL (36.92%) is better than 60.98% of its industry peers.
In the last couple of years the Gross Margin of CSL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.17% | ||
| PM (TTM) | 16.1% | ||
| GM | 36.92% |
OM growth 3Y14.04%
OM growth 5Y10.94%
PM growth 3Y33.65%
PM growth 5Y21.71%
GM growth 3Y9.73%
GM growth 5Y5.76%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CSL is still creating some value.
The number of shares outstanding for CSL has been reduced compared to 1 year ago.
CSL has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CSL has been reduced compared to a year ago.
2.2 Solvency
CSL has an Altman-Z score of 6.43. This indicates that CSL is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.43, CSL is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
The Debt to FCF ratio of CSL is 2.20, which is a good value as it means it would take CSL, 2.20 years of fcf income to pay off all of its debts.
CSL's Debt to FCF ratio of 2.20 is fine compared to the rest of the industry. CSL outperforms 70.73% of its industry peers.
CSL has a Debt/Equity ratio of 0.89. This is a neutral value indicating CSL is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.89, CSL is doing worse than 73.17% of the companies in the same industry.
Although CSL does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.2 | ||
| Altman-Z | 6.43 |
ROIC/WACC1.7
WACC10.02%
2.3 Liquidity
CSL has a Current Ratio of 2.19. This indicates that CSL is financially healthy and has no problem in meeting its short term obligations.
CSL's Current ratio of 2.19 is fine compared to the rest of the industry. CSL outperforms 60.98% of its industry peers.
CSL has a Quick Ratio of 1.47. This is a normal value and indicates that CSL is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.47, CSL is in the better half of the industry, outperforming 65.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
CSL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.02%.
CSL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.74% yearly.
CSL shows a small growth in Revenue. In the last year, the Revenue has grown by 1.37%.
The Revenue has been growing slightly by 0.79% on average over the past years.
EPS 1Y (TTM)7.02%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%0.48%
Revenue 1Y (TTM)1.37%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.08%
3.2 Future
CSL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.19% yearly.
The Revenue is expected to grow by 4.74% on average over the next years.
EPS Next Y10.63%
EPS Next 2Y12.09%
EPS Next 3Y12.19%
EPS Next 5YN/A
Revenue Next Year3.36%
Revenue Next 2Y4.27%
Revenue Next 3Y4.74%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.75 indicates a rather expensive valuation of CSL.
CSL's Price/Earnings ratio is a bit cheaper when compared to the industry. CSL is cheaper than 65.85% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.24. CSL is valued slightly cheaper when compared to this.
CSL is valuated correctly with a Price/Forward Earnings ratio of 15.66.
Based on the Price/Forward Earnings ratio, CSL is valued a bit cheaper than the industry average as 65.85% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CSL to the average of the S&P500 Index (35.82), we can say CSL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.75 | ||
| Fwd PE | 15.66 |
4.2 Price Multiples
CSL's Enterprise Value to EBITDA ratio is in line with the industry average.
70.73% of the companies in the same industry are more expensive than CSL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.03 | ||
| EV/EBITDA | 14.71 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CSL does not grow enough to justify the current Price/Earnings ratio.
CSL has an outstanding profitability rating, which may justify a higher PE ratio.
CSL's earnings are expected to grow with 12.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.86
PEG (5Y)1
EPS Next 2Y12.09%
EPS Next 3Y12.19%
5. Dividend
5.1 Amount
CSL has a Yearly Dividend Yield of 1.12%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.11, CSL pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.12, CSL pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.12% |
5.2 History
The dividend of CSL is nicely growing with an annual growth rate of 15.64%!
CSL has been paying a dividend for at least 10 years, so it has a reliable track record.
CSL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)15.64%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
22.22% of the earnings are spent on dividend by CSL. This is a low number and sustainable payout ratio.
The dividend of CSL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP22.22%
EPS Next 2Y12.09%
EPS Next 3Y12.19%
397.56
+15.94 (+4.18%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners99.15%
Inst Owner Change0.77%
Ins Owners0.74%
Ins Owner Change4.95%
Market Cap17.19B
Analysts77.14
Price Target435.9 (9.64%)
Short Float %6%
Short Ratio5.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.12% |
Yearly Dividend3.74
Dividend Growth(5Y)15.64%
DP22.22%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.93%
Min EPS beat(2)-6.5%
Max EPS beat(2)4.64%
EPS beat(4)2
Avg EPS beat(4)-0.84%
Min EPS beat(4)-6.5%
Max EPS beat(4)4.64%
EPS beat(8)6
Avg EPS beat(8)6.15%
EPS beat(12)9
Avg EPS beat(12)5.32%
EPS beat(16)13
Avg EPS beat(16)10.16%
Revenue beat(2)0
Avg Revenue beat(2)-2.13%
Min Revenue beat(2)-3.88%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-3.06%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-0.41%
Revenue beat(12)2
Avg Revenue beat(12)-0.94%
Revenue beat(16)6
Avg Revenue beat(16)0.97%
PT rev (1m)-2.13%
PT rev (3m)-2.87%
EPS NQ rev (1m)-11.77%
EPS NQ rev (3m)-12.8%
EPS NY rev (1m)0%
EPS NY rev (3m)0.17%
Revenue NQ rev (1m)-2.88%
Revenue NQ rev (3m)-3.62%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)-0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.75 | ||
| Fwd PE | 15.66 | ||
| P/S | 3.44 | ||
| P/FCF | 20.03 | ||
| P/OCF | 17.68 | ||
| P/B | 8.11 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.71 |
EPS(TTM)20.13
EY5.06%
EPS(NY)25.39
Fwd EY6.39%
FCF(TTM)19.85
FCFY4.99%
OCF(TTM)22.48
OCFY5.65%
SpS115.65
BVpS49.03
TBVpS-20.79
PEG (NY)1.86
PEG (5Y)1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.59% | ||
| ROE | 37.98% | ||
| ROCE | 21.96% | ||
| ROIC | 17.03% | ||
| ROICexc | 17.28% | ||
| ROICexgc | 47.37% | ||
| OM | 21.17% | ||
| PM (TTM) | 16.1% | ||
| GM | 36.92% | ||
| FCFM | 17.17% |
ROA(3y)15.61%
ROA(5y)11.62%
ROE(3y)36.9%
ROE(5y)27.85%
ROIC(3y)15.62%
ROIC(5y)12.39%
ROICexc(3y)17.52%
ROICexc(5y)13.93%
ROICexgc(3y)50.21%
ROICexgc(5y)41.16%
ROCE(3y)20.13%
ROCE(5y)15.97%
ROICexcg growth 3Y28.32%
ROICexcg growth 5Y11.4%
ROICexc growth 3Y36.27%
ROICexc growth 5Y11.03%
OM growth 3Y14.04%
OM growth 5Y10.94%
PM growth 3Y33.65%
PM growth 5Y21.71%
GM growth 3Y9.73%
GM growth 5Y5.76%
F-Score5
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.2 | ||
| Debt/EBITDA | 1.52 | ||
| Cap/Depr | 60.7% | ||
| Cap/Sales | 2.27% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.01% | ||
| Profit Quality | 106.61% | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 6.43 |
F-Score5
WACC10.02%
ROIC/WACC1.7
Cap/Depr(3y)69.38%
Cap/Depr(5y)62.06%
Cap/Sales(3y)2.91%
Cap/Sales(5y)2.9%
Profit Quality(3y)99.02%
Profit Quality(5y)110.75%
High Growth Momentum
Growth
EPS 1Y (TTM)7.02%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%0.48%
EPS Next Y10.63%
EPS Next 2Y12.09%
EPS Next 3Y12.19%
EPS Next 5YN/A
Revenue 1Y (TTM)1.37%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.08%
Revenue Next Year3.36%
Revenue Next 2Y4.27%
Revenue Next 3Y4.74%
Revenue Next 5YN/A
EBIT growth 1Y-8.41%
EBIT growth 3Y24.59%
EBIT growth 5Y11.81%
EBIT Next Year9.86%
EBIT Next 3Y8.87%
EBIT Next 5YN/A
FCF growth 1Y-12.14%
FCF growth 3Y47.3%
FCF growth 5Y8.35%
OCF growth 1Y-15.31%
OCF growth 3Y34.69%
OCF growth 5Y7.94%