CARLISLE COS INC (CSL) Stock Fundamental Analysis
USA - NYSE:CSL - US1423391002 - Common Stock
319.09 USD
-12.24 (-3.69%)
319.09 USD
0 (0%)
CSL gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 41 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 not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CSL was profitable.
In the past year CSL had a positive cash flow from operations.
CSL had positive earnings in each of the past 5 years.
CSL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CSL has a better Return On Assets (14.59%) than 87.80% of its industry peers.
CSL has a better Return On Equity (37.98%) than 95.12% of its industry peers.
With an excellent Return On Invested Capital value of 17.03%, CSL belongs to the best of the industry, outperforming 82.93% of the companies in the same industry.
CSL had an Average Return On Invested Capital over the past 3 years of 15.62%. This is above the industry average of 12.70%.
The 3 year average ROIC (15.62%) for CSL is below the current ROIC(17.03%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.59% | ||
| ROE | 37.98% | ||
| ROIC | 17.03% |
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
Looking at the Profit Margin, with a value of 16.10%, CSL belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
In the last couple of years the Profit Margin of CSL has grown nicely.
Looking at the Operating Margin, with a value of 21.17%, CSL belongs to the top of the industry, outperforming 92.68% of the companies in the same industry.
CSL's Operating Margin has improved in the last couple of years.
CSL has a better Gross Margin (36.92%) than 60.98% of its industry peers.
In the last couple of years the Gross Margin of CSL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.17% | ||
| PM (TTM) | 16.1% | ||
| GM | 36.92% |
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
CSL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
CSL has less shares outstanding than it did 1 year ago.
CSL has less shares outstanding than it did 5 years ago.
CSL has a better debt/assets ratio than last year.
2.2 Solvency
CSL has an Altman-Z score of 5.92. This indicates that CSL is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.92, CSL is in the better half of the industry, outperforming 70.73% of the companies in the same industry.
CSL has a debt to FCF ratio of 2.20. This is a good value and a sign of high solvency as CSL would need 2.20 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.20, CSL is doing good in the industry, outperforming 70.73% of the companies in the same industry.
CSL has a Debt/Equity ratio of 0.89. This is a neutral value indicating CSL is somewhat dependend on debt financing.
CSL has a worse Debt to Equity ratio (0.89) than 70.73% 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 | 0.89 | ||
| Debt/FCF | 2.2 | ||
| Altman-Z | 5.92 |
ROIC/WACC1.89
WACC9.03%
2.3 Liquidity
CSL has a Current Ratio of 2.19. This indicates that CSL is financially healthy and has no problem in meeting its short term obligations.
CSL has a Current ratio of 2.19. This is in the better half of the industry: CSL outperforms 60.98% of its industry peers.
CSL has a Quick Ratio of 1.47. This is a normal value and indicates that CSL is financially healthy and should not expect problems in meeting its short term obligations.
CSL's Quick ratio of 1.47 is fine compared to the rest of the industry. CSL outperforms 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.02% 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 small growth in Revenue. In the last year, the Revenue has grown by 1.37%.
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)1.37%
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 8.37% on average per year.
The Revenue is expected to grow by 3.70% on average over the next years.
EPS Next Y0.32%
EPS Next 2Y6.39%
EPS Next 3Y8.37%
EPS Next 5YN/A
Revenue Next Year0.26%
Revenue Next 2Y2.26%
Revenue Next 3Y3.7%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
With a Price/Earnings ratio of 15.85, CSL is valued correctly.
Based on the Price/Earnings ratio, CSL is valued a bit cheaper than the industry average as 68.29% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.31. CSL is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 13.95, the valuation of CSL can be described as correct.
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's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.85 | ||
| Fwd PE | 13.95 |
4.2 Price Multiples
CSL's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, CSL is valued a bit cheaper than 73.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.89 | ||
| EV/EBITDA | 12.41 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CSL does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of CSL may justify a higher PE ratio.
PEG (NY)49.48
PEG (5Y)0.8
EPS Next 2Y6.39%
EPS Next 3Y8.37%
5. Dividend
5.1 Amount
CSL has a Yearly Dividend Yield of 1.37%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of CSL has falen by -22.10%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
CSL's Dividend Yield is a higher than the industry average which is at 1.24.
Compared to an average S&P500 Dividend Yield of 2.40, CSL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
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
22.22% 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.
DP22.22%
EPS Next 2Y6.39%
EPS Next 3Y8.37%
319.09
-12.24 (-3.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners101.62%
Inst Owner Change-0.03%
Ins Owners0.75%
Ins Owner Change4.95%
Market Cap13.64B
Analysts77.14
Price Target427.89 (34.1%)
Short Float %6.07%
Short Ratio4.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
Yearly Dividend3.74
Dividend Growth(5Y)15.64%
DP22.22%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.93%
Min EPS beat(2)-6.5%
Max EPS beat(2)4.64%
EPS beat(4)2
Avg EPS beat(4)-0.84%
Min EPS beat(4)-6.5%
Max EPS beat(4)4.64%
EPS beat(8)6
Avg EPS beat(8)6.15%
EPS beat(12)9
Avg EPS beat(12)5.32%
EPS beat(16)13
Avg EPS beat(16)10.16%
Revenue beat(2)0
Avg Revenue beat(2)-2.13%
Min Revenue beat(2)-3.88%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-3.06%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)-0.38%
Revenue beat(8)2
Avg Revenue beat(8)-0.41%
Revenue beat(12)2
Avg Revenue beat(12)-0.94%
Revenue beat(16)6
Avg Revenue beat(16)0.97%
PT rev (1m)-1.84%
PT rev (3m)-3.93%
EPS NQ rev (1m)-3.94%
EPS NQ rev (3m)-15.25%
EPS NY rev (1m)-1.33%
EPS NY rev (3m)-9.32%
Revenue NQ rev (1m)-1.73%
Revenue NQ rev (3m)-4.56%
Revenue NY rev (1m)-1.09%
Revenue NY rev (3m)-3.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.85 | ||
| Fwd PE | 13.95 | ||
| P/S | 2.73 | ||
| P/FCF | 15.89 | ||
| P/OCF | 14.03 | ||
| P/B | 6.43 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.41 |
EPS(TTM)20.13
EY6.31%
EPS(NY)22.88
Fwd EY7.17%
FCF(TTM)20.08
FCFY6.29%
OCF(TTM)22.74
OCFY7.13%
SpS117
BVpS49.6
TBVpS-21.03
PEG (NY)49.48
PEG (5Y)0.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.59% | ||
| ROE | 37.98% | ||
| ROCE | 21.96% | ||
| ROIC | 17.03% | ||
| ROICexc | 17.28% | ||
| ROICexgc | 47.37% | ||
| OM | 21.17% | ||
| PM (TTM) | 16.1% | ||
| GM | 36.92% | ||
| FCFM | 17.17% |
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-Score5
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.2 | ||
| Debt/EBITDA | 1.52 | ||
| Cap/Depr | 60.7% | ||
| Cap/Sales | 2.27% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.01% | ||
| Profit Quality | 106.61% | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 5.92 |
F-Score5
WACC9.03%
ROIC/WACC1.89
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 Y0.32%
EPS Next 2Y6.39%
EPS Next 3Y8.37%
EPS Next 5YN/A
Revenue 1Y (TTM)1.37%
Revenue growth 3Y9.26%
Revenue growth 5Y0.79%
Sales Q2Q%-0.08%
Revenue Next Year0.26%
Revenue Next 2Y2.26%
Revenue Next 3Y3.7%
Revenue Next 5YN/A
EBIT growth 1Y-8.41%
EBIT growth 3Y24.59%
EBIT growth 5Y11.81%
EBIT Next Year8.07%
EBIT Next 3Y8.35%
EBIT Next 5YN/A
FCF growth 1Y-12.14%
FCF growth 3Y47.3%
FCF growth 5Y8.35%
OCF growth 1Y-15.31%
OCF growth 3Y34.69%
OCF growth 5Y7.94%