CARLISLE COS INC (CSL)

US1423391002 - Common Stock

350.315  +2.88 (+0.83%)

Fundamental Rating

5

Overall CSL gets a fundamental rating of 5 out of 10. We evaluated CSL against 45 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 expensive valuation and it also scores bad on growth.



7

1. Profitability

1.1 Basic Checks

CSL had positive earnings in the past year.
CSL had a positive operating cash flow in the past year.
Of the past 5 years CSL 4 years were profitable.
CSL had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

CSL has a Return On Assets of 12.28%. This is in the better half of the industry: CSL outperforms 73.33% of its industry peers.
CSL has a Return On Equity of 28.63%. This is in the better half of the industry: CSL outperforms 80.00% of its industry peers.
With a decent Return On Invested Capital value of 14.61%, CSL is doing good in the industry, outperforming 64.44% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CSL is below the industry average of 15.47%.
The last Return On Invested Capital (14.61%) for CSL is above the 3 year average (10.67%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 12.28%
ROE 28.63%
ROIC 14.61%
ROA(3y)8.01%
ROA(5y)8.84%
ROE(3y)19.71%
ROE(5y)20.08%
ROIC(3y)10.67%
ROIC(5y)10.37%

1.3 Margins

CSL has a Profit Margin of 13.90%. This is amongst the best in the industry. CSL outperforms 82.22% of its industry peers.
In the last couple of years the Profit Margin of CSL has grown nicely.
Looking at the Operating Margin, with a value of 18.30%, CSL is in the better half of the industry, outperforming 75.56% of the companies in the same industry.
CSL's Operating Margin has improved in the last couple of years.
CSL has a Gross Margin (32.81%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CSL has grown nicely.
Industry RankSector Rank
OM 18.3%
PM (TTM) 13.9%
GM 32.81%
OM growth 3Y13.39%
OM growth 5Y9.89%
PM growth 3Y12.63%
PM growth 5Y7.7%
GM growth 3Y4.8%
GM growth 5Y3.26%

7

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.
There is no outstanding debt for CSL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

2.2 Solvency

An Altman-Z score of 5.64 indicates that CSL is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 5.64, CSL is doing good in the industry, outperforming 71.11% of the companies in the same industry.
CSL has a debt to FCF ratio of 2.15. This is a good value and a sign of high solvency as CSL would need 2.15 years to pay back of all of its debts.
CSL has a better Debt to FCF ratio (2.15) than 64.44% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that CSL is somewhat dependend on debt financing.
CSL's Debt to Equity ratio of 0.78 is on the low side compared to the rest of the industry. CSL is outperformed by 64.44% 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 RankSector Rank
Debt/Equity 0.78
Debt/FCF 2.15
Altman-Z 5.64
ROIC/WACC1.33
WACC10.98%

2.3 Liquidity

CSL has a Current Ratio of 4.18. This indicates that CSL is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 4.18, CSL belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
CSL has a Quick Ratio of 3.73. This indicates that CSL is financially healthy and has no problem in meeting its short term obligations.
CSL has a better Quick ratio (3.73) than 91.11% of its industry peers.
Industry RankSector Rank
Current Ratio 4.18
Quick Ratio 3.73

3

3. Growth

3.1 Past

CSL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.90%.
Measured over the past years, CSL shows a very strong growth in Earnings Per Share. The EPS has been growing by 32.04% on average per year.
The Revenue has decreased by -7.57% in the past year.
The Revenue has been growing by 11.94% on average over the past years. This is quite good.
EPS 1Y (TTM)-13.9%
EPS 3Y34.53%
EPS 5Y32.04%
EPS growth Q2Q-17.31%
Revenue 1Y (TTM)-7.57%
Revenue growth 3Y11.06%
Revenue growth 5Y11.94%
Revenue growth Q2Q-29.78%

3.2 Future

Based on estimates for the next years, CSL will show a decrease in Earnings Per Share. The EPS will decrease by -0.99% on average per year.
CSL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -9.22% yearly.
EPS Next Y-25.13%
EPS Next 2Y-6.22%
EPS Next 3Y-0.99%
EPS Next 5YN/A
Revenue Next Year-30.94%
Revenue Next 2Y-14.96%
Revenue Next 3Y-9.22%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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.

2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 21.43 indicates a rather expensive valuation of CSL.
CSL's Price/Earnings is on the same level as the industry average.
CSL is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.00, which is the current average of the S&P500 Index.
CSL is valuated rather expensively with a Price/Forward Earnings ratio of 19.92.
CSL's Price/Forward Earnings is on the same level as the industry average.
CSL's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.38.
Industry RankSector Rank
PE 21.43
Fwd PE 19.92

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as CSL.
The rest of the industry has a similar Price/Free Cash Flow ratio as CSL.
Industry RankSector Rank
P/FCF 16.01
EV/EBITDA 14.33

4.3 Compensation for Growth

CSL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.67
EPS Next 2Y-6.22%
EPS Next 3Y-0.99%

5

5. Dividend

5.1 Amount

With a yearly dividend of 0.98%, CSL is not a good candidate for dividend investing.
CSL's Dividend Yield is a higher than the industry average which is at 1.95.
Compared to an average S&P500 Dividend Yield of 2.48, CSL's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.98%

5.2 History

On average, the dividend of CSL grows each year by 12.36%, which is quite nice.
CSL has paid a dividend for at least 10 years, which is a reliable track record.
CSL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.36%
Div Incr Years15
Div Non Decr Years15

5.3 Sustainability

18.89% of the earnings are spent on dividend by CSL. This is a low number and sustainable payout ratio.
DP18.89%
EPS Next 2Y-6.22%
EPS Next 3Y-0.99%

CARLISLE COS INC

NYSE:CSL (2/22/2024, 11:36:09 AM)

350.315

+2.88 (+0.83%)

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 Cap17.05B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 0.98%
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)
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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 RankSector Rank
PE 21.43
Fwd PE 19.92
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)N/A
PEG (5Y)0.67
Profitability
Industry RankSector Rank
ROA 12.28%
ROE 28.63%
ROCE
ROIC
ROICexc
ROICexgc
OM 18.3%
PM (TTM) 13.9%
GM 32.81%
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 Turnover0.88
Health
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 4.18
Quick Ratio 3.73
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)-13.9%
EPS 3Y34.53%
EPS 5Y
EPS growth Q2Q
EPS Next Y-25.13%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-7.57%
Revenue growth 3Y11.06%
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