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. Both the health and profitability get an excellent rating, making CSL a very profitable company, without any liquidiy or solvency issues. 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
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.
In the past 5 years CSL always reported a positive cash flow from operatings.
1.2 Ratios
CSL has a better Return On Assets (23.13%) than 97.56% of its industry peers.
The Return On Equity of CSL (58.19%) is better than 95.12% of its industry peers.
The Return On Invested Capital of CSL (17.59%) is better than 80.49% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSL is above the industry average of 13.07%.
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
CSL's Profit Margin of 25.20% is amongst the best of the industry. CSL outperforms 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.
CSL's Operating Margin has improved in the last couple of years.
CSL's Gross Margin of 37.47% is fine compared to the rest of the industry. CSL outperforms 65.85% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CSL is creating value.
The number of shares outstanding for CSL has been reduced compared to 1 year ago.
Compared to 5 years ago, CSL has less shares outstanding
The debt/assets ratio for CSL has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 6.59 indicates that CSL is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 6.59, CSL is doing good in the industry, outperforming 78.05% of the companies in the same industry.
CSL has a debt to FCF ratio of 2.49. This is a good value and a sign of high solvency as CSL would need 2.49 years to pay back of all of its debts.
CSL has a better Debt to FCF ratio (2.49) than 68.29% of its industry peers.
A Debt/Equity ratio of 0.87 indicates that CSL is somewhat dependend on debt financing.
CSL has a Debt to Equity ratio of 0.87. This is in the lower half of the industry: CSL underperforms 70.73% of its industry peers.
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 | 6.59 |
ROIC/WACC1.86
WACC9.48%
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 70.73% of its industry peers.
A Quick Ratio of 1.69 indicates that CSL should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.69, CSL is in the better half of the industry, outperforming 68.29% of the companies in the same industry.
| 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.
CSL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.97%.
CSL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.79% yearly.
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 11.71% on average per year.
CSL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.82% yearly.
EPS Next Y10.11%
EPS Next 2Y11.22%
EPS Next 3Y11.71%
EPS Next 5YN/A
Revenue Next Year3.58%
Revenue Next 2Y4.11%
Revenue Next 3Y4.82%
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
With a Price/Earnings ratio of 19.46, CSL is valued on the expensive side.
CSL's Price/Earnings is on the same level as the industry average.
CSL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.12.
With a Price/Forward Earnings ratio of 15.65, CSL is valued correctly.
Based on the Price/Forward Earnings ratio, CSL is valued a bit cheaper than 60.98% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.42. CSL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.46 | ||
| Fwd PE | 15.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CSL is on the same level as its industry peers.
CSL's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.3 | ||
| EV/EBITDA | 14.26 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CSL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.93
PEG (5Y)0.99
EPS Next 2Y11.22%
EPS Next 3Y11.71%
5. Dividend
5.1 Amount
CSL has a Yearly Dividend Yield of 1.05%.
Compared to an average industry Dividend Yield of 1.21, CSL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, CSL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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.
CSL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.97%
EPS Next 2Y11.22%
EPS Next 3Y11.71%
391.19
+6.83 (+1.78%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners92.38%
Inst Owner Change1.23%
Ins Owners0.84%
Ins Owner Change6.9%
Market Cap16.92B
Analysts78.33
Price Target450.5 (15.16%)
Short Float %5.04%
Short Ratio4.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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)-1.85%
PT rev (3m)-6.69%
EPS NQ rev (1m)-4.6%
EPS NQ rev (3m)-4.36%
EPS NY rev (1m)-1.52%
EPS NY rev (3m)-3.26%
Revenue NQ rev (1m)-1.3%
Revenue NQ rev (3m)-1.56%
Revenue NY rev (1m)-0.64%
Revenue NY rev (3m)-1.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.46 | ||
| Fwd PE | 15.65 | ||
| P/S | 3.38 | ||
| P/FCF | 22.3 | ||
| P/OCF | 19.48 | ||
| P/B | 7.81 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.26 |
EPS(TTM)20.1
EY5.14%
EPS(NY)25
Fwd EY6.39%
FCF(TTM)17.54
FCFY4.48%
OCF(TTM)20.08
OCFY5.13%
SpS115.67
BVpS50.09
TBVpS-18.95
PEG (NY)1.93
PEG (5Y)0.99
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 | 6.59 |
F-Score6
WACC9.48%
ROIC/WACC1.86
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 Y10.11%
EPS Next 2Y11.22%
EPS Next 3Y11.71%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.97%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.06%
Revenue Next Year3.58%
Revenue Next 2Y4.11%
Revenue Next 3Y4.82%
Revenue Next 5YN/A
EBIT growth 1Y-8.82%
EBIT growth 3Y24.59%
EBIT growth 5Y11.81%
EBIT Next Year21.41%
EBIT Next 3Y12.82%
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%