CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
USA - NYSE:CSV - US1439051079 - Common Stock
43.13 USD
+0.18 (+0.42%)
43.13 USD
0 (0%)
Overall CSV gets a fundamental rating of 5 out of 10. We evaluated CSV against 74 industry peers in the Diversified Consumer Services industry. CSV scores excellent on profitability, but there are concerns on its financial health. CSV may be a bit undervalued, certainly considering the very reasonable score on growth 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.
In the past 5 years CSV always reported a positive cash flow from operatings.
1.2 Ratios
CSV's Return On Assets of 4.05% is fine compared to the rest of the industry. CSV outperforms 66.22% of its industry peers.
CSV has a Return On Equity of 21.92%. This is amongst the best in the industry. CSV outperforms 87.84% of its industry peers.
With a decent Return On Invested Capital value of 5.32%, CSV is doing good in the industry, outperforming 68.92% of the companies in the same industry.
CSV had an Average Return On Invested Capital over the past 3 years of 4.77%. This is significantly below the industry average of 9.88%.
The last Return On Invested Capital (5.32%) for CSV is above the 3 year average (4.77%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.05% | ||
| ROE | 21.92% | ||
| ROIC | 5.32% |
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
Looking at the Profit Margin, with a value of 12.66%, CSV is in the better half of the industry, outperforming 78.38% of the companies in the same industry.
In the last couple of years the Profit Margin of CSV has grown nicely.
Looking at the Operating Margin, with a value of 23.25%, CSV belongs to the top of the industry, outperforming 90.54% of the companies in the same industry.
CSV's Operating Margin has improved in the last couple of years.
CSV's Gross Margin of 35.06% is on the low side compared to the rest of the industry. CSV is outperformed by 60.81% of its industry peers.
CSV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.25% | ||
| PM (TTM) | 12.66% | ||
| GM | 35.06% |
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
CSV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 1.26, we must say that CSV is in the distress zone and has some risk of bankruptcy.
CSV has a Altman-Z score of 1.26. This is comparable to the rest of the industry: CSV outperforms 58.11% of its industry peers.
The Debt to FCF ratio of CSV is 14.24, which is on the high side as it means it would take CSV, 14.24 years of fcf income to pay off all of its debts.
CSV's Debt to FCF ratio of 14.24 is fine compared to the rest of the industry. CSV outperforms 60.81% of its industry peers.
A Debt/Equity ratio of 2.22 is on the high side and indicates that CSV has dependencies on debt financing.
CSV has a Debt to Equity ratio of 2.22. This is in the lower half of the industry: CSV underperforms 71.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 14.24 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.74
WACC7.23%
2.3 Liquidity
CSV has a Current Ratio of 1.06. This is a normal value and indicates that CSV is financially healthy and should not expect problems in meeting its short term obligations.
CSV has a Current ratio (1.06) which is in line with its industry peers.
A Quick Ratio of 0.90 indicates that CSV may have some problems paying its short term obligations.
The Quick ratio of CSV (0.90) is worse than 60.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
CSV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.35%, which is quite good.
The Earnings Per Share has been growing by 16.13% on average over the past years. This is quite good.
Looking at the last year, CSV shows a very negative growth in Revenue. The Revenue has decreased by -18.26% in the last year.
The Revenue has been growing by 8.08% on average over the past years. This is quite good.
EPS 1Y (TTM)19.35%
EPS 3Y-4.7%
EPS 5Y16.13%
EPS Q2Q%17.46%
Revenue 1Y (TTM)-18.26%
Revenue growth 3Y2.45%
Revenue growth 5Y8.08%
Sales Q2Q%-0.17%
3.2 Future
The Earnings Per Share is expected to grow by 16.10% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.11% on average over the next years.
EPS Next Y25.48%
EPS Next 2Y16.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.04%
Revenue Next 2Y3.11%
Revenue Next 3YN/A
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 stable.
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
CSV is valuated correctly with a Price/Earnings ratio of 14.57.
Based on the Price/Earnings ratio, CSV is valued cheaply inside the industry as 82.43% of the companies are valued more expensively.
CSV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.20.
The Price/Forward Earnings ratio is 12.12, which indicates a correct valuation of CSV.
CSV's Price/Forward Earnings ratio is rather cheap when compared to the industry. CSV is cheaper than 87.84% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, CSV is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.57 | ||
| Fwd PE | 12.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CSV is valued a bit cheaper than 68.92% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CSV is valued a bit cheaper than 74.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.3 | ||
| EV/EBITDA | 10.11 |
4.3 Compensation for Growth
CSV's 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 16.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
PEG (5Y)0.9
EPS Next 2Y16.1%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CSV has a Yearly Dividend Yield of 1.05%.
CSV's Dividend Yield is rather good when compared to the industry average which is at 3.04. CSV pays more dividend than 87.84% of the companies in the same industry.
With a Dividend Yield of 1.05, CSV pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
The dividend of CSV is nicely growing with an annual growth rate of 8.45%!
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 13.38% 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.
DP13.38%
EPS Next 2Y16.1%
EPS Next 3YN/A
43.13
+0.18 (+0.42%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners75%
Inst Owner Change3.51%
Ins Owners2.64%
Ins Owner Change-1.35%
Market Cap677.14M
Analysts85
Price Target60.18 (39.53%)
Short Float %2.05%
Short Ratio2.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
Yearly Dividend0.45
Dividend Growth(5Y)8.45%
DP13.38%
Div Incr Years0
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.44%
Min EPS beat(2)0.83%
Max EPS beat(2)14.06%
EPS beat(4)4
Avg EPS beat(4)21.83%
Min EPS beat(4)0.83%
Max EPS beat(4)52.08%
EPS beat(8)7
Avg EPS beat(8)18.96%
EPS beat(12)9
Avg EPS beat(12)13.18%
EPS beat(16)11
Avg EPS beat(16)10.19%
Revenue beat(2)2
Avg Revenue beat(2)1.34%
Min Revenue beat(2)0.66%
Max Revenue beat(2)2.02%
Revenue beat(4)4
Avg Revenue beat(4)2.49%
Min Revenue beat(4)0.01%
Max Revenue beat(4)7.27%
Revenue beat(8)7
Avg Revenue beat(8)2.62%
Revenue beat(12)10
Avg Revenue beat(12)2.39%
Revenue beat(16)12
Avg Revenue beat(16)2.47%
PT rev (1m)11.32%
PT rev (3m)13.46%
EPS NQ rev (1m)2.38%
EPS NQ rev (3m)3.87%
EPS NY rev (1m)1.86%
EPS NY rev (3m)0.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.83%
Revenue NY rev (1m)1.82%
Revenue NY rev (3m)1.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.57 | ||
| Fwd PE | 12.12 | ||
| P/S | 1.66 | ||
| P/FCF | 18.3 | ||
| P/OCF | 13.02 | ||
| P/B | 2.88 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.11 |
EPS(TTM)2.96
EY6.86%
EPS(NY)3.56
Fwd EY8.25%
FCF(TTM)2.36
FCFY5.46%
OCF(TTM)3.31
OCFY7.68%
SpS25.96
BVpS14.99
TBVpS-13.74
PEG (NY)0.57
PEG (5Y)0.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.05% | ||
| ROE | 21.92% | ||
| ROCE | 7.72% | ||
| ROIC | 5.32% | ||
| ROICexc | 5.32% | ||
| ROICexgc | 8.42% | ||
| OM | 23.25% | ||
| PM (TTM) | 12.66% | ||
| GM | 35.06% | ||
| FCFM | 9.08% |
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%
ROICexcg growth 3Y-6.67%
ROICexcg 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-Score7
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 14.24 | ||
| Debt/EBITDA | 4.39 | ||
| Cap/Depr | 62.16% | ||
| Cap/Sales | 3.68% | ||
| Interest Coverage | 3.39 | ||
| Cash Conversion | 43.74% | ||
| Profit Quality | 71.7% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 1.26 |
F-Score7
WACC7.23%
ROIC/WACC0.74
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)19.35%
EPS 3Y-4.7%
EPS 5Y16.13%
EPS Q2Q%17.46%
EPS Next Y25.48%
EPS Next 2Y16.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-18.26%
Revenue growth 3Y2.45%
Revenue growth 5Y8.08%
Sales Q2Q%-0.17%
Revenue Next Year3.04%
Revenue Next 2Y3.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.93%
EBIT growth 3Y-3.65%
EBIT growth 5Y10.04%
EBIT Next Year61.92%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-23.65%
FCF growth 3Y-15.44%
FCF growth 5Y5.22%
OCF growth 1Y-25.73%
OCF growth 3Y-14.86%
OCF growth 5Y3.77%