CARRIAGE SERVICES INC (CSV) Stock Fundamental Analysis
NYSE:CSV - US1439051079 - Common Stock
44.5 USD
-0.33 (-0.74%)
44.5 USD
0 (0%)
Overall CSV gets a fundamental rating of 6 out of 10. We evaluated CSV against 71 industry peers in the Diversified Consumer Services industry. While CSV belongs to the best of the industry regarding profitability, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on CSV. 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.
In the past 5 years CSV has always been profitable.
Each year in the past 5 years CSV had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.05%, CSV is doing good in the industry, outperforming 63.38% of the companies in the same industry.
With an excellent Return On Equity value of 21.92%, CSV belongs to the best of the industry, outperforming 88.73% of the companies in the same industry.
CSV's Return On Invested Capital of 5.32% is fine compared to the rest of the industry. CSV outperforms 69.01% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CSV is significantly below the industry average of 10.23%.
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
With a decent Profit Margin value of 12.66%, CSV is doing good in the industry, outperforming 77.46% of the companies in the same industry.
In the last couple of years the Profit Margin of CSV has grown nicely.
CSV's Operating Margin of 23.25% is amongst the best of the industry. CSV outperforms 91.55% of its industry peers.
In the last couple of years the Operating Margin of CSV has grown nicely.
With a Gross Margin value of 35.06%, CSV perfoms like the industry average, outperforming 40.85% of the companies in the same industry.
In the last couple of years the Gross Margin of CSV has grown nicely.
| 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.
The number of shares outstanding for CSV has been increased compared to 1 year ago.
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 1.28. This is a bad value and indicates that CSV is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of CSV (1.28) is comparable to the rest of the industry.
CSV has a debt to FCF ratio of 14.24. This is a negative value and a sign of low solvency as CSV would need 14.24 years to pay back of all of its debts.
The Debt to FCF ratio of CSV (14.24) is better than 60.56% 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.
With a Debt to Equity ratio value of 2.22, CSV is not doing good in the industry: 74.65% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 14.24 | ||
| Altman-Z | 1.28 |
ROIC/WACC0.66
WACC8.1%
2.3 Liquidity
A Current Ratio of 1.06 indicates that CSV should not have too much problems paying its short term obligations.
CSV's Current ratio of 1.06 is in line compared to the rest of the industry. CSV outperforms 43.66% of its industry peers.
CSV has a Quick Ratio of 1.06. This is a bad value and indicates that CSV is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.90, CSV is not doing good in the industry: 60.56% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.35% over the past year.
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
Based on estimates for the next years, CSV will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.10% on average per year.
Based on estimates for the next years, CSV will show a small growth in Revenue. The Revenue will grow by 2.66% on average per year.
EPS Next Y25.48%
EPS Next 2Y16.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.04%
Revenue Next 2Y2.66%
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
A Price/Earnings ratio of 15.03 indicates a correct valuation of CSV.
78.87% of the companies in the same industry are more expensive than CSV, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CSV to the average of the S&P500 Index (27.14), we can say CSV is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 12.51, the valuation of CSV can be described as correct.
83.10% of the companies in the same industry are more expensive than CSV, based on the Price/Forward Earnings ratio.
CSV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.80, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.03 | ||
| Fwd PE | 12.51 |
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 70.42% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CSV is valued a bit cheaper than the industry average as 74.65% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.88 | ||
| EV/EBITDA | 10.34 |
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 excellent 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)0.59
PEG (5Y)0.93
EPS Next 2Y16.1%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 1.00%, CSV is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.61, CSV pays a better dividend. On top of this CSV pays more dividend than 85.92% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, CSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
5.2 History
On average, the dividend of CSV grows each year by 8.45%, which is quite nice.
CSV has been paying a dividend for at least 10 years, so it has a reliable track record.
CSV has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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
44.5
-0.33 (-0.74%)
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-0.83%
Market Cap698.65M
Analysts85
Price Target60.18 (35.24%)
Short Float %2.4%
Short Ratio3.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
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)13.46%
PT rev (3m)13.46%
EPS NQ rev (1m)1.45%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.86%
EPS NY rev (3m)0.72%
Revenue NQ rev (1m)1.83%
Revenue NQ rev (3m)-3.65%
Revenue NY rev (1m)1.82%
Revenue NY rev (3m)1.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.03 | ||
| Fwd PE | 12.51 | ||
| P/S | 1.71 | ||
| P/FCF | 18.88 | ||
| P/OCF | 13.43 | ||
| P/B | 2.97 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.34 |
EPS(TTM)2.96
EY6.65%
EPS(NY)3.56
Fwd EY8%
FCF(TTM)2.36
FCFY5.3%
OCF(TTM)3.31
OCFY7.44%
SpS25.96
BVpS14.99
TBVpS-13.74
PEG (NY)0.59
PEG (5Y)0.93
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 | 1.28 |
F-Score7
WACC8.1%
ROIC/WACC0.66
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 2Y2.66%
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%