CARRIAGE SERVICES INC (CSV)
US1439051079 - Common Stock
CSV gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 65 industry peers in the Diversified Consumer Services industry. CSV scores excellent on profitability, but there are concerns on its financial health. CSV is valued quite cheap, but it does not seem to be growing. CSV also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CSV had positive earnings in the past year.
CSV had a positive operating cash flow in the past year.
Each year in the past 5 years CSV has been profitable.
Each year in the past 5 years CSV had a positive operating cash flow.
1.2 Ratios
CSV has a better Return On Assets (2.61%) than 70.31% of its industry peers.
CSV has a better Return On Equity (19.13%) than 90.63% of its industry peers.
CSV has a Return On Invested Capital of 4.87%. This is in the better half of the industry: CSV outperforms 68.75% of its industry peers.
CSV had an Average Return On Invested Capital over the past 3 years of 5.37%. This is significantly below the industry average of 14.93%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.61% | ||
| ROE | 19.13% | ||
| ROIC | 4.87% |
ROA(3y)2.96%
ROA(5y)2.31%
ROE(3y)25.05%
ROE(5y)17.64%
ROIC(3y)5.37%
ROIC(5y)4.95%
1.3 Margins
The Profit Margin of CSV (8.65%) is better than 81.25% of its industry peers.
CSV's Profit Margin has improved in the last couple of years.
CSV's Operating Margin of 21.48% is amongst the best of the industry. CSV outperforms 84.38% of its industry peers.
CSV's Operating Margin has improved in the last couple of years.
The Gross Margin of CSV (32.49%) is worse than 70.31% of its industry peers.
CSV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.48% | ||
| PM (TTM) | 8.65% | ||
| GM | 32.49% |
OM growth 3Y-3.48%
OM growth 5Y5.86%
PM growth 3Y21.23%
PM growth 5Y14.87%
GM growth 3Y0.36%
GM growth 5Y2.79%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CSV is destroying value.
Compared to 1 year ago, CSV has more shares outstanding
The number of shares outstanding for CSV has been reduced compared to 5 years ago.
The debt/assets ratio for CSV has been reduced compared to a year ago.
2.2 Solvency
CSV has an Altman-Z score of 0.95. This is a bad value and indicates that CSV is not financially healthy and even has some risk of bankruptcy.
CSV has a Altman-Z score (0.95) which is in line with its industry peers.
The Debt to FCF ratio of CSV is 10.23, which is on the high side as it means it would take CSV, 10.23 years of fcf income to pay off all of its debts.
CSV has a better Debt to FCF ratio (10.23) than 62.50% of its industry peers.
A Debt/Equity ratio of 3.38 is on the high side and indicates that CSV has dependencies on debt financing.
CSV has a worse Debt to Equity ratio (3.38) than 79.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.38 | ||
| Debt/FCF | 10.23 | ||
| Altman-Z | 0.95 |
ROIC/WACC0.63
WACC7.76%
2.3 Liquidity
A Current Ratio of 0.82 indicates that CSV may have some problems paying its short term obligations.
CSV has a Current ratio of 0.82. This is in the lower half of the industry: CSV underperforms 75.00% of its industry peers.
A Quick Ratio of 0.65 indicates that CSV may have some problems paying its short term obligations.
CSV's Quick ratio of 0.65 is on the low side compared to the rest of the industry. CSV is outperformed by 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
The earnings per share for CSV have decreased strongly by -15.44% in the last year.
Measured over the past years, CSV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.17% on average per year.
The Revenue has been growing slightly by 3.34% in the past year.
Measured over the past years, CSV shows a small growth in Revenue. The Revenue has been growing by 7.38% on average per year.
EPS 1Y (TTM)-15.44%
EPS 3Y5.22%
EPS 5Y13.17%
EPS growth Q2Q20.31%
Revenue 1Y (TTM)3.34%
Revenue growth 3Y5.11%
Revenue growth 5Y7.38%
Revenue growth Q2Q5.24%
3.2 Future
Based on estimates for the next years, CSV will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.94% on average per year.
Based on estimates for the next years, CSV will show a small growth in Revenue. The Revenue will grow by 2.41% on average per year.
EPS Next Y4.11%
EPS Next 2Y8.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.8%
Revenue Next 2Y2.41%
Revenue Next 3YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.87, the valuation of CSV can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of CSV indicates a rather cheap valuation: CSV is cheaper than 87.50% of the companies listed in the same industry.
CSV is valuated cheaply when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 11.40, the valuation of CSV can be described as reasonable.
Based on the Price/Forward Earnings ratio, CSV is valued cheaper than 85.94% of the companies in the same industry.
CSV's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.87 | ||
| Fwd PE | 11.4 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CSV indicates a somewhat cheap valuation: CSV is cheaper than 75.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CSV is valued cheaply inside the industry as 95.31% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.84 | ||
| EV/EBITDA | 9.32 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CSV does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of CSV may justify a higher PE ratio.
PEG (NY)2.89
PEG (5Y)0.9
EPS Next 2Y8.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.74%, CSV has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 28.10, CSV pays a better dividend. On top of this CSV pays more dividend than 89.06% of the companies listed in the same industry.
CSV's Dividend Yield is slightly below the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
5.2 History
The dividend of CSV is nicely growing with an annual growth rate of 6.97%!
CSV has been paying a dividend for at least 10 years, so it has a reliable track record.
CSV has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.97%
Div Incr Years0
Div Non Decr Years12
5.3 Sustainability
20.26% of the earnings are spent on dividend by CSV. This is a low number and sustainable payout ratio.
CSV's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP20.26%
EPS Next 2Y8.94%
EPS Next 3YN/A
CARRIAGE SERVICES INC
NYSE:CSV (5/3/2024, 6:45:29 PM)
After market: 26 0 (0%)26
+0.35 (+1.36%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap393.90M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
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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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.87 | ||
| Fwd PE | 11.4 | ||
| 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)2.89
PEG (5Y)0.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.61% | ||
| ROE | 19.13% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.48% | ||
| PM (TTM) | 8.65% | ||
| GM | 32.49% | ||
| 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 Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.38 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.65 | ||
| 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)-15.44%
EPS 3Y5.22%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.11%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.34%
Revenue growth 3Y5.11%
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