CARLISLE COS INC (CSL) Stock Fundamental Analysis
NYSE:CSL - New York Stock Exchange, Inc. - US1423391002 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to CSL. CSL was compared to 41 industry peers in the Building Products industry. CSL has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. CSL has a correct valuation and a medium growth rate. With these ratings, CSL could be worth investigating further 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.
In the past 5 years CSL has always been profitable.
In the past 5 years CSL always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CSL (23.13%) is better than 97.56% of its industry peers.
Looking at the Return On Equity, with a value of 58.19%, CSL belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
CSL's Return On Invested Capital of 17.59% is amongst the best of the industry. CSL outperforms 82.93% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSL is above the industry average of 12.62%.
The last Return On Invested Capital (17.59%) for CSL is above the 3 year average (15.62%), which is a sign of increasing profitability.
| 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
The Profit Margin of CSL (25.20%) is better than 100.00% of its industry peers.
CSL's Profit Margin has improved in the last couple of years.
CSL has a Operating Margin of 22.02%. This is amongst the best in the industry. CSL outperforms 92.68% 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 63.41% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CSL is creating some value.
CSL has less shares outstanding than it did 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 6.70 indicates that CSL is not in any danger for bankruptcy at the moment.
CSL's Altman-Z score of 6.70 is fine compared to the rest of the industry. CSL outperforms 73.17% 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.
With a decent Debt to FCF ratio value of 2.49, CSL is doing good in the industry, outperforming 75.61% of the companies in the same industry.
CSL has a Debt/Equity ratio of 0.87. This is a neutral value indicating CSL is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.87, CSL is doing worse than 73.17% of the companies in the same industry.
Even though the debt/equity ratio score it not favorable for CSL, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 2.49 | ||
| Altman-Z | 6.7 |
ROIC/WACC1.78
WACC9.87%
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.
CSL has a Current ratio of 2.58. This is in the better half of the industry: CSL outperforms 68.29% of its industry peers.
A Quick Ratio of 1.69 indicates that CSL should not have too much problems paying its short term obligations.
CSL has a better Quick ratio (1.69) than 73.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.24% over the past year.
Measured over the past years, CSL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.74% on average per year.
CSL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.97%.
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
Based on estimates for the next years, CSL will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.19% on average per year.
The Revenue is expected to grow by 4.85% on average over the next years.
EPS Next Y10.4%
EPS Next 2Y11.82%
EPS Next 3Y12.19%
EPS Next 5YN/A
Revenue Next Year3.48%
Revenue Next 2Y4.04%
Revenue Next 3Y4.85%
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.
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 19.79, which indicates a rather expensive current valuation of CSL.
CSL's Price/Earnings ratio is in line with the industry average.
CSL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.45.
With a Price/Forward Earnings ratio of 15.74, CSL is valued correctly.
Based on the Price/Forward Earnings ratio, CSL is valued a bit cheaper than the industry average as 68.29% of the companies are valued more expensively.
CSL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 15.74 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CSL.
Based on the Price/Free Cash Flow ratio, CSL is valued a bit cheaper than the industry average as 60.98% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.67 | ||
| EV/EBITDA | 14.71 |
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)1.9
PEG (5Y)1
EPS Next 2Y11.82%
EPS Next 3Y12.19%
5. Dividend
5.1 Amount
CSL has a Yearly Dividend Yield of 1.01%. 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 1.16.
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 | 1.01% |
5.2 History
On average, the dividend of CSL grows each year by 15.64%, which is quite nice.
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
13.97% 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.
DP13.97%
EPS Next 2Y11.82%
EPS Next 3Y12.19%
397.81
+2.12 (+0.54%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners98.33%
Inst Owner Change3.81%
Ins Owners0.74%
Ins Owner Change6.9%
Market Cap17.21B
Analysts78.46
Price Target445.4 (11.96%)
Short Float %6.62%
Short Ratio6.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
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)-0.76%
PT rev (3m)-2.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.6%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-1.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.3%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 15.74 | ||
| P/S | 3.44 | ||
| P/FCF | 22.67 | ||
| P/OCF | 19.81 | ||
| P/B | 7.94 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.71 |
EPS(TTM)20.1
EY5.05%
EPS(NY)25.27
Fwd EY6.35%
FCF(TTM)17.54
FCFY4.41%
OCF(TTM)20.08
OCFY5.05%
SpS115.67
BVpS50.09
TBVpS-18.95
PEG (NY)1.9
PEG (5Y)1
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 | 6.7 |
F-Score6
WACC9.87%
ROIC/WACC1.78
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 Y10.4%
EPS Next 2Y11.82%
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 Year3.48%
Revenue Next 2Y4.04%
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%