CARLISLE COS INC (CSL) Stock Fundamental Analysis
NYSE:CSL - New York Stock Exchange, Inc. - US1423391002 - Common Stock - Currency: USD
CSL gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 42 industry peers in the Building Products industry. Both the health and profitability get an excellent rating, making CSL a very profitable company, without any liquidiy or solvency issues. CSL has a correct valuation and a medium growth rate. These ratings could make CSL a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
CSL had positive earnings in the past year.
In the past year CSL had a positive cash flow from operations.
In the past 5 years CSL has always been profitable.
Each year in the past 5 years CSL had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CSL (23.13%) is better than 97.62% of its industry peers.
CSL has a better Return On Equity (58.19%) than 95.24% of its industry peers.
CSL has a Return On Invested Capital of 17.59%. This is amongst the best in the industry. CSL outperforms 83.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSL is above the industry average of 12.70%.
The 3 year average ROIC (15.62%) for CSL is below the current ROIC(17.59%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.13% | ||
| ROE | 58.19% | ||
| ROIC | 17.59% |
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
With an excellent Profit Margin value of 25.20%, CSL belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of CSL has grown nicely.
CSL's Operating Margin of 22.02% is amongst the best of the industry. CSL outperforms 92.86% of its industry peers.
In the last couple of years the Operating Margin of CSL has grown nicely.
CSL has a Gross Margin of 37.47%. This is in the better half of the industry: CSL outperforms 64.29% of its industry peers.
CSL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.02% | ||
| PM (TTM) | 25.2% | ||
| GM | 37.47% |
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
CSL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, CSL has less shares outstanding
The number of shares outstanding for CSL has been reduced compared to 5 years ago.
Compared to 1 year ago, CSL has an improved debt to assets ratio.
2.2 Solvency
CSL has an Altman-Z score of 6.55. This indicates that CSL is financially healthy and has little risk of bankruptcy at the moment.
CSL has a better Altman-Z score (6.55) than 76.19% of its industry peers.
The Debt to FCF ratio of CSL is 2.49, which is a good value as it means it would take CSL, 2.49 years of fcf income to pay off all of its debts.
CSL has a Debt to FCF ratio of 2.49. This is in the better half of the industry: CSL outperforms 73.81% of its industry peers.
A Debt/Equity ratio of 0.87 indicates that CSL is somewhat dependend on debt financing.
CSL has a worse Debt to Equity ratio (0.87) than 73.81% of its industry peers.
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 | 0.87 | ||
| Debt/FCF | 2.49 | ||
| Altman-Z | 6.55 |
ROIC/WACC1.85
WACC9.51%
2.3 Liquidity
CSL has a Current Ratio of 2.58. This indicates that CSL is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.58, CSL is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
A Quick Ratio of 1.69 indicates that CSL should not have too much problems paying its short term obligations.
The Quick ratio of CSL (1.69) is better than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
CSL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.24%, which is quite good.
CSL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.74% yearly.
Looking at the last year, CSL shows a very negative growth in Revenue. The Revenue has decreased by -11.97% in the last year.
The Revenue has been growing slightly by 0.79% on average over the past years.
EPS 1Y (TTM)13.24%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%-2.96%
Revenue 1Y (TTM)-11.97%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.06%
3.2 Future
The Earnings Per Share is expected to grow by 12.19% on average over the next years. This is quite good.
Based on estimates for the next years, CSL will show a small growth in Revenue. The Revenue will grow by 4.85% on average per year.
EPS Next Y10.44%
EPS Next 2Y11.88%
EPS Next 3Y12.19%
EPS Next 5YN/A
Revenue Next Year3.68%
Revenue Next 2Y4.15%
Revenue Next 3Y4.85%
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
The Price/Earnings ratio is 18.81, which indicates a rather expensive current valuation of CSL.
The rest of the industry has a similar Price/Earnings ratio as CSL.
The average S&P500 Price/Earnings ratio is at 26.30. CSL is valued slightly cheaper when compared to this.
CSL is valuated correctly with a Price/Forward Earnings ratio of 14.94.
Based on the Price/Forward Earnings ratio, CSL is valued a bit cheaper than 66.67% of the companies in the same industry.
CSL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.81 | ||
| Fwd PE | 14.94 |
4.2 Price Multiples
CSL's Enterprise Value to EBITDA ratio is in line with the industry average.
CSL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CSL is cheaper than 61.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.55 | ||
| EV/EBITDA | 14.07 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of CSL may justify a higher PE ratio.
A more expensive valuation may be justified as CSL's earnings are expected to grow with 12.19% in the coming years.
PEG (NY)1.8
PEG (5Y)0.95
EPS Next 2Y11.88%
EPS Next 3Y12.19%
5. Dividend
5.1 Amount
CSL has a Yearly Dividend Yield of 1.03%. Purely for dividend investing, there may be better candidates out there.
CSL's Dividend Yield is a higher than the industry average which is at 1.21.
Compared to an average S&P500 Dividend Yield of 2.38, CSL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
5.2 History
The dividend of CSL is nicely growing with an annual growth rate of 15.64%!
CSL has paid a dividend for at least 10 years, which is a reliable track record.
CSL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)15.64%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
CSL pays out 13.97% of its income as dividend. This is a sustainable payout ratio.
The dividend of CSL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP13.97%
EPS Next 2Y11.88%
EPS Next 3Y12.19%
NYSE:CSL (6/6/2025, 12:16:00 PM)
378.03
-0.65 (-0.17%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners92.38%
Inst Owner Change3.81%
Ins Owners0.84%
Ins Owner Change6.9%
Market Cap16.35B
Analysts78.33
Price Target448.8 (18.72%)
Short Float %6.34%
Short Ratio5.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
Yearly Dividend3.74
Dividend Growth(5Y)15.64%
DP13.97%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.39%
Min EPS beat(2)0.14%
Max EPS beat(2)4.64%
EPS beat(4)3
Avg EPS beat(4)1.67%
Min EPS beat(4)-1.66%
Max EPS beat(4)4.64%
EPS beat(8)7
Avg EPS beat(8)8.31%
EPS beat(12)10
Avg EPS beat(12)7.7%
EPS beat(16)14
Avg EPS beat(16)10.63%
Revenue beat(2)0
Avg Revenue beat(2)-2.08%
Min Revenue beat(2)-3.78%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-2.3%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-0.33%
Revenue beat(12)3
Avg Revenue beat(12)0.08%
Revenue beat(16)7
Avg Revenue beat(16)1.29%
PT rev (1m)-0.38%
PT rev (3m)-2.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.62%
EPS NY rev (1m)0.3%
EPS NY rev (3m)-1.37%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.18%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-0.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.81 | ||
| Fwd PE | 14.94 | ||
| P/S | 3.27 | ||
| P/FCF | 21.55 | ||
| P/OCF | 18.82 | ||
| P/B | 7.55 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.07 |
EPS(TTM)20.1
EY5.32%
EPS(NY)25.3
Fwd EY6.69%
FCF(TTM)17.54
FCFY4.64%
OCF(TTM)20.08
OCFY5.31%
SpS115.67
BVpS50.09
TBVpS-18.95
PEG (NY)1.8
PEG (5Y)0.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.13% | ||
| ROE | 58.19% | ||
| ROCE | 22.67% | ||
| ROIC | 17.59% | ||
| ROICexc | 18.42% | ||
| ROICexgc | 51.74% | ||
| OM | 22.02% | ||
| PM (TTM) | 25.2% | ||
| GM | 37.47% | ||
| FCFM | 15.17% |
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-Score6
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 2.49 | ||
| Debt/EBITDA | 1.47 | ||
| Cap/Depr | 60.5% | ||
| Cap/Sales | 2.19% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 67.7% | ||
| Profit Quality | 60.19% | ||
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.69 | ||
| Altman-Z | 6.55 |
F-Score6
WACC9.51%
ROIC/WACC1.85
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)13.24%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%-2.96%
EPS Next Y10.44%
EPS Next 2Y11.88%
EPS Next 3Y12.19%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.97%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.06%
Revenue Next Year3.68%
Revenue Next 2Y4.15%
Revenue Next 3Y4.85%
Revenue Next 5YN/A
EBIT growth 1Y-8.82%
EBIT growth 3Y24.59%
EBIT growth 5Y11.81%
EBIT Next Year22.68%
EBIT Next 3Y12.39%
EBIT Next 5YN/A
FCF growth 1Y-16.94%
FCF growth 3Y47.3%
FCF growth 5Y8.35%
OCF growth 1Y-21.48%
OCF growth 3Y34.69%
OCF growth 5Y7.94%