CARLISLE COS INC (CSL) Stock Fundamental Analysis
NYSE:CSL - New York Stock Exchange, Inc. - US1423391002 - Common Stock - Currency: USD
Overall CSL gets a fundamental rating of 7 out of 10. We evaluated CSL against 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
In the past year CSL was profitable.
CSL had a positive operating cash flow in the past year.
CSL had positive earnings in each of the past 5 years.
Each year in the past 5 years CSL had a positive operating cash flow.
1.2 Ratios
CSL's Return On Assets of 23.13% is amongst the best of the industry. CSL outperforms 100.00% of its industry peers.
With an excellent Return On Equity value of 58.19%, CSL belongs to the best of the industry, outperforming 95.12% of the companies in the same industry.
CSL has a Return On Invested Capital of 17.59%. This is amongst the best in the industry. CSL outperforms 85.37% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSL is above the industry average of 12.82%.
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's Operating Margin of 22.02% is amongst the best of the industry. CSL outperforms 92.68% of its industry peers.
CSL's Operating Margin has improved in the last couple of years.
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.
In the last couple of years the Gross Margin of CSL has grown nicely.
| 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.
The number of shares outstanding for CSL has been reduced compared to 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 6.80 indicates that CSL is not in any danger for bankruptcy at the moment.
CSL has a better Altman-Z score (6.80) than 75.61% of its industry peers.
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's Debt to FCF ratio of 2.49 is fine compared to the rest of the industry. CSL outperforms 73.17% of its industry peers.
CSL has a Debt/Equity ratio of 0.87. This is a neutral value indicating CSL is somewhat dependend on debt financing.
The Debt to Equity ratio of CSL (0.87) is worse than 73.17% 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 | 6.8 |
ROIC/WACC1.77
WACC9.96%
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 65.85% 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.
CSL's Quick ratio of 1.69 is fine compared to the rest of the industry. CSL outperforms 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
CSL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.02%.
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 quite strong growth in Revenue. The Revenue has grown by 9.08% in the last year.
Measured over the past years, CSL shows a small growth in Revenue. The Revenue has been growing by 0.79% on average per year.
EPS 1Y (TTM)7.02%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%0.48%
Revenue 1Y (TTM)9.08%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.08%
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 4.74% on average over the next years.
EPS Next Y10.63%
EPS Next 2Y12.09%
EPS Next 3Y12.19%
EPS Next 5YN/A
Revenue Next Year3.36%
Revenue Next 2Y4.27%
Revenue Next 3Y4.74%
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 17.62, which indicates a rather expensive current valuation of CSL.
Compared to the rest of the industry, the Price/Earnings ratio of CSL is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.25. CSL is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 13.97, the valuation of CSL can be described as correct.
Based on the Price/Forward Earnings ratio, CSL is valued a bit cheaper than 63.41% of the companies in the same industry.
CSL is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.80, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.62 | ||
| Fwd PE | 13.97 |
4.2 Price Multiples
CSL's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CSL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.22 | ||
| EV/EBITDA | 15.14 |
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.
A more expensive valuation may be justified as CSL's earnings are expected to grow with 12.19% in the coming years.
PEG (NY)1.66
PEG (5Y)0.89
EPS Next 2Y12.09%
EPS Next 3Y12.19%
5. Dividend
5.1 Amount
With a yearly dividend of 0.94%, CSL is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.12, CSL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, CSL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
5.2 History
On average, the dividend of CSL grows each year by 15.64%, which is quite nice.
CSL has been paying a dividend for at least 10 years, so it has a reliable track record.
CSL has not decreased their dividend for at least 10 years, which is a reliable track record.
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.
CSL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.97%
EPS Next 2Y12.09%
EPS Next 3Y12.19%
354.71
-55.86 (-13.61%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners98.33%
Inst Owner Change-0.08%
Ins Owners0.74%
Ins Owner Change6.9%
Market Cap15.34B
Analysts78.46
Price Target457.18 (28.89%)
Short Float %6.67%
Short Ratio6.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
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)2.64%
PT rev (3m)1.48%
EPS NQ rev (1m)-0.2%
EPS NQ rev (3m)-4.2%
EPS NY rev (1m)0.2%
EPS NY rev (3m)0.47%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)-1.44%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.62 | ||
| Fwd PE | 13.97 | ||
| P/S | 3.07 | ||
| P/FCF | 20.22 | ||
| P/OCF | 17.66 | ||
| P/B | 7.08 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.14 |
EPS(TTM)20.13
EY5.68%
EPS(NY)25.39
Fwd EY7.16%
FCF(TTM)17.54
FCFY4.95%
OCF(TTM)20.08
OCFY5.66%
SpS115.67
BVpS50.09
TBVpS-18.95
PEG (NY)1.66
PEG (5Y)0.89
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 | 6.8 |
F-Score6
WACC9.96%
ROIC/WACC1.77
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)7.02%
EPS 3Y28.43%
EPS 5Y19.74%
EPS Q2Q%0.48%
EPS Next Y10.63%
EPS Next 2Y12.09%
EPS Next 3Y12.19%
EPS Next 5YN/A
Revenue 1Y (TTM)9.08%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.08%
Revenue Next Year3.36%
Revenue Next 2Y4.27%
Revenue Next 3Y4.74%
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%