CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CSV - US1439051079 - Common Stock
42.94 USD
+0.29 (+0.68%)
42.94 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to CSV. CSV was compared to 77 industry peers in the Diversified Consumer Services industry. CSV scores excellent on profitability, but there are concerns on its financial health. CSV has a correct valuation and a medium growth rate. CSV also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CSV had positive earnings in the past year.
In the past year CSV had a positive cash flow from operations.
Each year in the past 5 years CSV has been profitable.
CSV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CSV has a Return On Assets of 3.60%. This is in the better half of the industry: CSV outperforms 62.34% of its industry peers.
CSV has a better Return On Equity (19.97%) than 85.71% of its industry peers.
With a decent Return On Invested Capital value of 5.12%, CSV is doing good in the industry, outperforming 66.23% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CSV is below the industry average of 9.62%.
The 3 year average ROIC (4.77%) for CSV is below the current ROIC(5.12%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.6% | ||
| ROE | 19.97% | ||
| ROIC | 5.12% |
ROA(3y)2.87%
ROA(5y)2.56%
ROE(3y)21.63%
ROE(5y)19.48%
ROIC(3y)4.77%
ROIC(5y)5.01%
1.3 Margins
CSV has a Profit Margin of 11.80%. This is in the better half of the industry: CSV outperforms 74.03% of its industry peers.
CSV's Profit Margin has improved in the last couple of years.
CSV has a better Operating Margin (23.32%) than 90.91% of its industry peers.
In the last couple of years the Operating Margin of CSV has grown nicely.
CSV has a worse Gross Margin (35.07%) than 61.04% of its industry peers.
CSV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.32% | ||
| PM (TTM) | 11.8% | ||
| GM | 35.07% |
OM growth 3Y-5.95%
OM growth 5Y1.81%
PM growth 3Y-2.97%
PM growth 5Y8.75%
GM growth 3Y0.98%
GM growth 5Y4.08%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CSV is destroying value.
CSV has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CSV has been reduced compared to 5 years ago.
Compared to 1 year ago, CSV has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.20, we must say that CSV is in the distress zone and has some risk of bankruptcy.
CSV has a Altman-Z score (1.20) which is in line with its industry peers.
CSV has a debt to FCF ratio of 14.19. This is a negative value and a sign of low solvency as CSV would need 14.19 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 14.19, CSV is in the better half of the industry, outperforming 61.04% of the companies in the same industry.
A Debt/Equity ratio of 2.25 is on the high side and indicates that CSV has dependencies on debt financing.
CSV's Debt to Equity ratio of 2.25 is on the low side compared to the rest of the industry. CSV is outperformed by 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.25 | ||
| Debt/FCF | 14.19 | ||
| Altman-Z | 1.2 |
ROIC/WACC0.75
WACC6.85%
2.3 Liquidity
CSV has a Current Ratio of 0.88. This is a bad value and indicates that CSV is not financially healthy enough and could expect problems in meeting its short term obligations.
CSV's Current ratio of 0.88 is on the low side compared to the rest of the industry. CSV is outperformed by 67.53% of its industry peers.
CSV has a Quick Ratio of 0.88. This is a bad value and indicates that CSV is not financially healthy enough and could expect problems in meeting its short term obligations.
CSV's Quick ratio of 0.75 is on the low side compared to the rest of the industry. CSV is outperformed by 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
CSV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.04%, which is quite good.
Measured over the past years, CSV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.13% on average per year.
CSV shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.49%.
CSV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.08% yearly.
EPS 1Y (TTM)10.04%
EPS 3Y-4.7%
EPS 5Y16.13%
EPS Q2Q%17.19%
Revenue 1Y (TTM)-19.49%
Revenue growth 3Y2.45%
Revenue growth 5Y8.08%
Sales Q2Q%2.04%
3.2 Future
The Earnings Per Share is expected to grow by 15.52% on average over the next years. This is quite good.
CSV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.60% yearly.
EPS Next Y26.15%
EPS Next 2Y16.29%
EPS Next 3Y15.52%
EPS Next 5YN/A
Revenue Next Year3.19%
Revenue Next 2Y3.29%
Revenue Next 3Y4.6%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
The Price/Earnings ratio is 13.99, which indicates a correct valuation of CSV.
Based on the Price/Earnings ratio, CSV is valued a bit cheaper than the industry average as 74.03% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.15, CSV is valued a bit cheaper.
CSV is valuated correctly with a Price/Forward Earnings ratio of 12.03.
Based on the Price/Forward Earnings ratio, CSV is valued a bit cheaper than 76.62% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.12. CSV is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.99 | ||
| Fwd PE | 12.03 |
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 64.94% of the companies listed in the same industry.
70.13% of the companies in the same industry are more expensive than CSV, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.4 | ||
| EV/EBITDA | 10.15 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of CSV may justify a higher PE ratio.
CSV's earnings are expected to grow with 15.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.53
PEG (5Y)0.87
EPS Next 2Y16.29%
EPS Next 3Y15.52%
5. Dividend
5.1 Amount
CSV has a Yearly Dividend Yield of 1.09%.
CSV's Dividend Yield is rather good when compared to the industry average which is at 2.12. CSV pays more dividend than 88.31% of the companies in the same industry.
With a Dividend Yield of 1.09, CSV pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
5.2 History
On average, the dividend of CSV grows each year by 8.45%, which is quite nice.
CSV has paid a dividend for at least 10 years, which is a reliable track record.
CSV has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.45%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
CSV pays out 14.40% of its income as dividend. This is a sustainable payout ratio.
CSV's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP14.4%
EPS Next 2Y16.29%
EPS Next 3Y15.52%
42.94
+0.29 (+0.68%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners77.72%
Inst Owner Change-0.09%
Ins Owners2.53%
Ins Owner Change-0.83%
Market Cap674.16M
Revenue(TTM)409.66M
Net Income(TTM)48.34M
Analysts84.44
Price Target61.2 (42.52%)
Short Float %2.27%
Short Ratio3.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
Yearly Dividend0.45
Dividend Growth(5Y)8.45%
DP14.4%
Div Incr Years0
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.1%
Min EPS beat(2)0.83%
Max EPS beat(2)1.38%
EPS beat(4)4
Avg EPS beat(4)9.16%
Min EPS beat(4)0.83%
Max EPS beat(4)20.36%
EPS beat(8)8
Avg EPS beat(8)23.5%
EPS beat(12)10
Avg EPS beat(12)14.96%
EPS beat(16)11
Avg EPS beat(16)8.07%
Revenue beat(2)2
Avg Revenue beat(2)0.59%
Min Revenue beat(2)0.53%
Max Revenue beat(2)0.66%
Revenue beat(4)4
Avg Revenue beat(4)0.8%
Min Revenue beat(4)0.01%
Max Revenue beat(4)2.02%
Revenue beat(8)8
Avg Revenue beat(8)3.17%
Revenue beat(12)11
Avg Revenue beat(12)2.66%
Revenue beat(16)12
Avg Revenue beat(16)1.72%
PT rev (1m)1.69%
PT rev (3m)1.69%
EPS NQ rev (1m)-4.06%
EPS NQ rev (3m)-7.37%
EPS NY rev (1m)-0.18%
EPS NY rev (3m)0.53%
Revenue NQ rev (1m)-1.78%
Revenue NQ rev (3m)-1.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.99 | ||
| Fwd PE | 12.03 | ||
| P/S | 1.65 | ||
| P/FCF | 17.4 | ||
| P/OCF | 12.07 | ||
| P/B | 2.78 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.15 |
EPS(TTM)3.07
EY7.15%
EPS(NY)3.57
Fwd EY8.31%
FCF(TTM)2.47
FCFY5.75%
OCF(TTM)3.56
OCFY8.28%
SpS26.09
BVpS15.42
TBVpS-14.91
PEG (NY)0.53
PEG (5Y)0.87
Graham Number32.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.6% | ||
| ROE | 19.97% | ||
| ROCE | 7.43% | ||
| ROIC | 5.12% | ||
| ROICexc | 5.13% | ||
| ROICexgc | 8.15% | ||
| OM | 23.32% | ||
| PM (TTM) | 11.8% | ||
| GM | 35.07% | ||
| FCFM | 9.46% |
ROA(3y)2.87%
ROA(5y)2.56%
ROE(3y)21.63%
ROE(5y)19.48%
ROIC(3y)4.77%
ROIC(5y)5.01%
ROICexc(3y)4.78%
ROICexc(5y)5.02%
ROICexgc(3y)7.7%
ROICexgc(5y)8.1%
ROCE(3y)6.93%
ROCE(5y)7.28%
ROICexgc growth 3Y-6.67%
ROICexgc growth 5Y6.94%
ROICexc growth 3Y-6.46%
ROICexc growth 5Y7.65%
OM growth 3Y-5.95%
OM growth 5Y1.81%
PM growth 3Y-2.97%
PM growth 5Y8.75%
GM growth 3Y0.98%
GM growth 5Y4.08%
F-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.25 | ||
| Debt/FCF | 14.19 | ||
| Debt/EBITDA | 4.53 | ||
| Cap/Depr | 68.51% | ||
| Cap/Sales | 4.17% | ||
| Interest Coverage | 3.57 | ||
| Cash Conversion | 46.35% | ||
| Profit Quality | 80.14% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 1.2 |
F-Score6
WACC6.85%
ROIC/WACC0.75
Cap/Depr(3y)90.07%
Cap/Depr(5y)92.54%
Cap/Sales(3y)5.25%
Cap/Sales(5y)5.4%
Profit Quality(3y)122.9%
Profit Quality(5y)194.26%
High Growth Momentum
Growth
EPS 1Y (TTM)10.04%
EPS 3Y-4.7%
EPS 5Y16.13%
EPS Q2Q%17.19%
EPS Next Y26.15%
EPS Next 2Y16.29%
EPS Next 3Y15.52%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.49%
Revenue growth 3Y2.45%
Revenue growth 5Y8.08%
Sales Q2Q%2.04%
Revenue Next Year3.19%
Revenue Next 2Y3.29%
Revenue Next 3Y4.6%
Revenue Next 5YN/A
EBIT growth 1Y-11.46%
EBIT growth 3Y-3.65%
EBIT growth 5Y10.04%
EBIT Next Year63.86%
EBIT Next 3Y23.5%
EBIT Next 5YN/A
FCF growth 1Y-28.28%
FCF growth 3Y-15.44%
FCF growth 5Y5.22%
OCF growth 1Y-23.31%
OCF growth 3Y-14.86%
OCF growth 5Y3.77%
CARRIAGE SERVICES INC / CSV FAQ
What is the fundamental rating for CSV stock?
ChartMill assigns a fundamental rating of 5 / 10 to CSV.
Can you provide the valuation status for CARRIAGE SERVICES INC?
ChartMill assigns a valuation rating of 6 / 10 to CARRIAGE SERVICES INC (CSV). This can be considered as Fairly Valued.
What is the profitability of CSV stock?
CARRIAGE SERVICES INC (CSV) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for CSV stock?
The Price/Earnings (PE) ratio for CARRIAGE SERVICES INC (CSV) is 13.99 and the Price/Book (PB) ratio is 2.78.
Is the dividend of CARRIAGE SERVICES INC sustainable?
The dividend rating of CARRIAGE SERVICES INC (CSV) is 7 / 10 and the dividend payout ratio is 14.4%.