CARLISLE COS INC (CSL)
US1423391002 - Common Stock
Taking everything into account, CSL scores 6 out of 10 in our fundamental rating. CSL was compared to 43 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 is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CSL was profitable.
CSL had a positive operating cash flow in the past year.
In the past 5 years CSL has always been profitable.
CSL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CSL's Return On Assets of 13.10% is fine compared to the rest of the industry. CSL outperforms 79.07% of its industry peers.
Looking at the Return On Equity, with a value of 30.65%, CSL belongs to the top of the industry, outperforming 86.05% of the companies in the same industry.
CSL has a better Return On Invested Capital (15.75%) than 74.42% of its industry peers.
CSL had an Average Return On Invested Capital over the past 3 years of 12.27%. This is in line with the industry average of 14.14%.
The last Return On Invested Capital (15.75%) for CSL is above the 3 year average (12.27%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.1% | ||
| ROE | 30.65% | ||
| ROIC | 15.75% |
ROA(3y)10.04%
ROA(5y)8.83%
ROE(3y)24.51%
ROE(5y)20.79%
ROIC(3y)12.27%
ROIC(5y)11.04%
1.3 Margins
Looking at the Profit Margin, with a value of 15.23%, CSL belongs to the top of the industry, outperforming 88.37% of the companies in the same industry.
In the last couple of years the Profit Margin of CSL has grown nicely.
The Operating Margin of CSL (19.57%) is better than 81.40% of its industry peers.
CSL's Operating Margin has improved in the last couple of years.
CSL's Gross Margin of 34.27% is fine compared to the rest of the industry. CSL outperforms 60.47% of its industry peers.
In the last couple of years the Gross Margin of CSL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.57% | ||
| PM (TTM) | 15.23% | ||
| GM | 34.27% |
OM growth 3Y21.42%
OM growth 5Y13.53%
PM growth 3Y30.48%
PM growth 5Y4.18%
GM growth 3Y8.16%
GM growth 5Y6.32%
2. Health
2.1 Basic Checks
CSL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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
An Altman-Z score of 5.79 indicates that CSL is not in any danger for bankruptcy at the moment.
CSL has a better Altman-Z score (5.79) than 67.44% of its industry peers.
CSL has a debt to FCF ratio of 2.16. This is a good value and a sign of high solvency as CSL would need 2.16 years to pay back of all of its debts.
CSL has a Debt to FCF ratio of 2.16. This is in the better half of the industry: CSL outperforms 60.47% of its industry peers.
A Debt/Equity ratio of 0.67 indicates that CSL is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.67, CSL is doing worse than 62.79% 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 | 0.67 | ||
| Debt/FCF | 2.16 | ||
| Altman-Z | 5.79 |
ROIC/WACC1.34
WACC11.78%
2.3 Liquidity
A Current Ratio of 2.87 indicates that CSL has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.87, CSL is in the better half of the industry, outperforming 72.09% of the companies in the same industry.
A Quick Ratio of 2.57 indicates that CSL has no problem at all paying its short term obligations.
The Quick ratio of CSL (2.57) is better than 88.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.87 | ||
| Quick Ratio | 2.57 |
3. Growth
3.1 Past
CSL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.96%.
The Earnings Per Share has been growing by 23.03% on average over the past years. This is a very strong growth
The Revenue for CSL has decreased by -13.64% in the past year. This is quite bad
The Revenue has been growing slightly by 0.47% on average over the past years.
EPS 1Y (TTM)-16.96%
EPS 3Y41.25%
EPS 5Y23.03%
EPS growth Q2Q6.38%
Revenue 1Y (TTM)-13.64%
Revenue growth 3Y2.61%
Revenue growth 5Y0.47%
Revenue growth Q2Q-22.49%
3.2 Future
Based on estimates for the next years, CSL will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.93% on average per year.
CSL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.96% yearly.
EPS Next Y12.71%
EPS Next 2Y12.78%
EPS Next 3Y11.93%
EPS Next 5YN/A
Revenue Next Year7.38%
Revenue Next 2Y5.93%
Revenue Next 3Y6.96%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 22.19, which indicates a rather expensive current valuation of CSL.
CSL's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of CSL to the average of the S&P500 Index (24.80), we can say CSL is valued inline with the index average.
CSL is valuated rather expensively with a Price/Forward Earnings ratio of 19.69.
The rest of the industry has a similar Price/Forward Earnings ratio as CSL.
The average S&P500 Price/Forward Earnings ratio is at 21.27. CSL is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.19 | ||
| Fwd PE | 19.69 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CSL.
CSL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.63 | ||
| EV/EBITDA | 14.62 |
4.3 Compensation for Growth
CSL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CSL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.75
PEG (5Y)0.96
EPS Next 2Y12.78%
EPS Next 3Y11.93%
5. Dividend
5.1 Amount
CSL has a yearly dividend return of 0.90%, which is pretty low.
CSL's Dividend Yield is a higher than the industry average which is at 1.26.
With a Dividend Yield of 0.90, CSL pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
The dividend of CSL is nicely growing with an annual growth rate of 15.81%!
CSL has been paying a dividend for at least 10 years, so it has 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)15.81%
Div Incr Years15
Div Non Decr Years15
5.3 Sustainability
CSL pays out 18.49% of its income as dividend. This is a sustainable payout ratio.
CSL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP18.49%
EPS Next 2Y12.78%
EPS Next 3Y11.93%
CARLISLE COS INC
NYSE:CSL (4/19/2024, 9:52:42 AM)
368.36
+0.95 (+0.26%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap17.61B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.19 | ||
| Fwd PE | 19.69 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.75
PEG (5Y)0.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.1% | ||
| ROE | 30.65% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 19.57% | ||
| PM (TTM) | 15.23% | ||
| GM | 34.27% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.87 | ||
| Quick Ratio | 2.57 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-16.96%
EPS 3Y41.25%
EPS 5Y
EPS growth Q2Q
EPS Next Y12.71%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-13.64%
Revenue growth 3Y2.61%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y