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Carriage Services

BST:C57
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C57
BST
$352M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. The last earnings update was 48 days ago. More info.


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C57 Share Price and Events
7 Day Returns
3.5%
BST:C57
2.8%
Europe Consumer Services
0.7%
DE Market
1 Year Returns
-18.8%
BST:C57
-19%
Europe Consumer Services
-8.7%
DE Market
C57 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Carriage Services (C57) 3.5% -1.1% 0.6% -18.8% -13% 36.8%
Europe Consumer Services 2.8% 2.2% 2.8% -19% -46% -50.2%
DE Market 0.7% -1.2% 0.2% -8.7% 10% 8.1%
1 Year Return vs Industry and Market
  • C57 underperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
C57
Industry
5yr Volatility vs Market

Value

 Is Carriage Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Carriage Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Carriage Services.

BST:C57 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:C57
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.762 (1 + (1- 21%) (107.01%))
1.272
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.272 * 5.96%)
7.81%

Discounted Cash Flow Calculation for BST:C57 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Carriage Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:C57 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.81%)
2019 27.10 Analyst x1 25.14
2020 35.70 Analyst x1 30.71
2021 36.16 Est @ 1.29% 28.86
2022 36.51 Est @ 0.97% 27.03
2023 36.79 Est @ 0.75% 25.26
2024 37.01 Est @ 0.59% 23.57
2025 37.19 Est @ 0.48% 21.96
2026 37.34 Est @ 0.41% 20.46
2027 37.47 Est @ 0.35% 19.04
2028 37.59 Est @ 0.32% 17.72
Present value of next 10 years cash flows $239.74
BST:C57 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $37.59 × (1 + 0.23%) ÷ (7.81% – 0.23%)
$496.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $496.79 ÷ (1 + 7.81%)10
$234.16
BST:C57 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $239.74 + $234.16
$473.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $473.90 / 18.20
$26.03
BST:C57 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:C57 represents 0.88263x of NYSE:CSV
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88263x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.03 x 0.88263
€22.98
Value per share (EUR) From above. €22.98
Current discount Discount to share price of €17.07
= -1 x (€17.07 - €22.98) / €22.98
25.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Carriage Services is available for.
Intrinsic value
26%
Share price is €17.07 vs Future cash flow value of €22.98
Current Discount Checks
For Carriage Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Carriage Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Carriage Services's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Carriage Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Carriage Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:C57 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.48
NYSE:CSV Share Price ** NYSE (2019-06-19) in USD $19.34
Europe Consumer Services Industry PE Ratio Median Figure of 10 Publicly-Listed Consumer Services Companies 18.33x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.53x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Carriage Services.

BST:C57 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CSV Share Price ÷ EPS (both in USD)

= 19.34 ÷ 0.48

40.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carriage Services is overvalued based on earnings compared to the Europe Consumer Services industry average.
  • Carriage Services is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Carriage Services's expected growth come at a high price?
Raw Data
BST:C57 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
47.1%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.25x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

BST:C57 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.65x ÷ 47.1%

0.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carriage Services is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Carriage Services's assets?
Raw Data
BST:C57 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.53
NYSE:CSV Share Price * NYSE (2019-06-19) in USD $19.34
Europe Consumer Services Industry PB Ratio Median Figure of 18 Publicly-Listed Consumer Services Companies 1.95x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.78x
BST:C57 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CSV Share Price ÷ Book Value per Share (both in USD)

= 19.34 ÷ 12.53

1.54x

* Primary Listing of Carriage Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carriage Services is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Carriage Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. Carriage Services has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Carriage Services expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Carriage Services expected to grow at an attractive rate?
  • Carriage Services's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Carriage Services's earnings growth is expected to exceed the Germany market average.
  • Carriage Services's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:C57 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:C57 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 47.1%
BST:C57 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.4%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:C57 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:C57 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 279 51 28 2
2019-12-31 268 42 24 2
BST:C57 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 264 45 9
2018-12-31 268 49 12
2018-09-30 267 53 37
2018-06-30 263 51 38
2018-03-31 263 52 39
2017-12-31 258 45 37
2017-09-30 256 46 19
2017-06-30 255 45 21
2017-03-31 253 48 22
2016-12-31 248 50 19
2016-09-30 247 42 21
2016-06-30 245 47 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Carriage Services's earnings are expected to grow significantly at over 20% yearly.
  • Carriage Services's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:C57 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Carriage Services Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:C57 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.55 1.55 1.54 2.00
2019-12-31 1.30 1.31 1.29 2.00
BST:C57 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.48
2018-12-31 0.64
2018-09-30 2.13
2018-06-30 2.26
2018-03-31 2.41
2017-12-31 2.25
2017-09-30 1.12
2017-06-30 1.28
2017-03-31 1.33
2016-12-31 1.18
2016-09-30 1.25
2016-06-30 1.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Carriage Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Carriage Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Carriage Services has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Carriage Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Carriage Services's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Carriage Services's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Carriage Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Carriage Services's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Services industry average.
Earnings and Revenue History
Carriage Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Carriage Services Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:C57 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 263.69 8.78 29.82
2018-12-31 267.99 11.59 30.83
2018-09-30 266.55 36.80 26.05
2018-06-30 263.36 37.64 25.84
2018-03-31 263.37 39.30 26.02
2017-12-31 258.14 37.06 26.25
2017-09-30 255.93 18.59 26.29
2017-06-30 255.01 21.25 26.28
2017-03-31 253.03 22.02 25.54
2016-12-31 248.20 19.49 27.94
2016-09-30 246.95 20.75 28.03
2016-06-30 245.18 19.46 28.14
2016-03-31 242.58 18.81 29.19
2015-12-31 242.50 20.60 27.11
2015-09-30 240.31 20.49 26.47
2015-06-30 236.48 20.57 26.79
2015-03-31 233.73 19.88 26.75
2014-12-31 226.12 15.14 28.92
2014-09-30 219.34 14.04 28.24
2014-06-30 214.30 11.36 28.55
2014-03-31 211.41 11.03 28.78
2013-12-31 213.07 14.72 25.92
2013-09-30 212.53 14.45 27.39
2013-06-30 210.97 12.77 26.26
2013-03-31 205.38 11.51 23.53
2012-12-31 198.19 9.94 23.99
2012-09-30 194.17 6.51 19.26
2012-06-30 188.71 7.10 17.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Carriage Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Carriage Services used its assets less efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Carriage Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Carriage Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Carriage Services has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Carriage Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Carriage Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Carriage Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Carriage Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Carriage Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Carriage Services Company Filings, last reported 2 months ago.

BST:C57 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 228.11 376.72 0.67
2018-12-31 221.49 366.38 0.64
2018-09-30 241.83 360.96 9.47
2018-06-30 239.98 360.74 40.53
2018-03-31 210.16 349.70 0.78
2017-12-31 197.66 360.21 0.95
2017-09-30 175.23 341.99 0.76
2017-06-30 187.86 330.46 0.44
2017-03-31 185.54 335.36 0.81
2016-12-31 175.73 339.90 3.29
2016-09-30 173.95 332.48 0.86
2016-06-30 168.54 331.11 0.88
2016-03-31 162.68 323.67 0.87
2015-12-31 157.59 325.35 0.54
2015-09-30 169.09 301.74 0.40
2015-06-30 188.41 286.89 0.56
2015-03-31 186.18 283.01 0.32
2014-12-31 179.88 279.87 0.41
2014-09-30 174.45 283.38 2.97
2014-06-30 169.44 285.16 0.73
2014-03-31 165.70 257.33 21.96
2013-12-31 155.97 249.52 1.38
2013-09-30 151.97 241.80 0.88
2013-06-30 145.62 253.03 1.52
2013-03-31 140.69 264.06 1.29
2012-12-31 135.02 268.54 1.70
2012-09-30 131.06 254.24 0.55
2012-06-30 130.04 243.68 1.01
  • Carriage Services's level of debt (157.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (155.4% vs 157.9% today).
  • Debt is not well covered by operating cash flow (12.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Carriage Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Carriage Services has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Carriage Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.55%
Current annual income from Carriage Services dividends. Estimated to be 1.55% next year.
If you bought €2,000 of Carriage Services shares you are expected to receive €31 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Carriage Services's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Carriage Services's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:C57 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:C57 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.30 1.00
2019-12-31 0.30 1.00
BST:C57 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.300 1.578
2019-01-24 0.300 1.524
2018-10-24 0.300 1.814
2018-07-25 0.300 1.347
2018-04-26 0.300 1.193
2018-01-25 0.300 1.095
2017-10-25 0.300 1.163
2017-07-27 0.200 0.812
2017-04-27 0.200 0.751
2017-01-26 0.200 0.747
2016-10-27 0.200 0.745
2016-05-19 0.200 0.850
2016-04-27 0.100 0.421
2016-01-27 0.100 0.469
2015-10-27 0.100 0.426
2015-07-29 0.100 0.448
2015-04-30 0.100 0.412
2015-01-27 0.100 0.427
2014-10-27 0.100 0.499
2014-07-31 0.100 0.553
2014-04-30 0.100 0.594
2014-01-27 0.100 0.531
2013-10-28 0.100 0.517
2013-07-29 0.100 0.535
2013-04-30 0.100 0.557
2013-01-30 0.100 0.565
2012-10-31 0.100 0.846
2012-08-02 0.100 1.071
2012-04-30 0.100 1.283
2012-01-25 0.100 1.549
2011-11-03 0.100 1.738
2011-07-13 0.100 1.746
2011-05-03 0.100 1.719

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Carriage Services has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Carriage Services only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Carriage Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Carriage Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Carriage Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Carriage Services has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Carriage Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mel Payne
COMPENSATION $2,379,270
AGE 75
TENURE AS CEO 28.4 years
CEO Bio

Mr. Melvin C. Payne, also known as Mel, is a Chief Operating Officer of Carriage Services, Inc. since November 01, 2018 and he has been founded in 1991, has been Executive Chairman since December 1996 and Chief Executive Officer since 1991. Mr. Payne served as the President of Carriage Services, Inc. since December 2000. He served as the Chief Executive Officer and President of Carriage Services, Inc. since its inception in 1991. He serves on the Board of Directors at Sovereign Business Forms, Inc. Mr. Payne has been an Executive Director of Carriage Services, Inc. since 1991. Mr. Payne served as a Director at Carriage Services, Inc. since its inception in 1991.

CEO Compensation
  • Mel's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mel's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Carriage Services management team in years:

3.8
Average Tenure
52
Average Age
  • The tenure for the Carriage Services management team is about average.
Management Team

Mel Payne

TITLE
Founder
COMPENSATION
$2M
AGE
75
TENURE
28.4 yrs

Viki Blinderman

TITLE
Principal Financial Officer
COMPENSATION
$820K
AGE
49
TENURE
3.8 yrs

Ben Brink

TITLE
CFO, Senior VP & Treasurer
COMPENSATION
$832K
AGE
37

Shawn Phillips

TITLE
Senior VP and Head of Strategic & Corporate Development
COMPENSATION
$864K
AGE
55
TENURE
2.3 yrs

Paul Elliott

TITLE
Senior VP & Regional Partner of West
COMPENSATION
$874K
AGE
57
TENURE
6.8 yrs

Peggy Schappaugh

TITLE
Interim Head of Operations Analysis & Planning Group
TENURE
0.7 yrs

Adeola Olaniyan

TITLE
Corporate Controller
AGE
39
Board of Directors Tenure

Average tenure and age of the Carriage Services board of directors in years:

5.3
Average Tenure
61.5
Average Age
  • The tenure for the Carriage Services board of directors is about average.
Board of Directors

Mel Payne

TITLE
Founder
COMPENSATION
$2M
AGE
75
TENURE
22.5 yrs

Donald Patteson

TITLE
Independent Director
COMPENSATION
$85K
AGE
73
TENURE
7.8 yrs

Barry Fingerhut

TITLE
Independent Director
COMPENSATION
$80K
AGE
72
TENURE
7.3 yrs

James Schenck

TITLE
Independent Director
COMPENSATION
$80K
AGE
51
TENURE
3.4 yrs

Bryan Leibman

TITLE
Lead Director
COMPENSATION
$85K
AGE
49
TENURE
3.4 yrs

Douglas Meehan

TITLE
Independence Director
COMPENSATION
$72K
AGE
46
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Carriage Services insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Jun 19 Buy Steve Metzger Individual 11. Jun 19 11. Jun 19 320 €16.48 €5,274
13. Mar 19 Buy Steve Metzger Individual 12. Mar 19 12. Mar 19 436 €18.36 €8,007
20. Feb 19 Sell Adeola Olaniyan Individual 14. Feb 19 14. Feb 19 -541 €16.97 €-9,179
20. Feb 19 Sell Carl Brink Individual 14. Feb 19 14. Feb 19 -395 €16.97 €-6,702
20. Feb 19 Sell Shawn Phillips Individual 14. Feb 19 14. Feb 19 -438 €16.97 €-7,431
20. Feb 19 Sell Viki Blinderman Individual 14. Feb 19 14. Feb 19 -395 €16.97 €-6,702
12. Dec 18 Buy Donald Patteson Individual 11. Dec 18 11. Dec 18 3,200 €14.13 €45,215
12. Dec 18 Sell Shawn Phillips Individual 10. Dec 18 10. Dec 18 -4,384 €14.14 €-61,976
03. Dec 18 Buy Barry Fingerhut Individual 30. Nov 18 30. Nov 18 1,700 €14.84 €25,224
09. Nov 18 Buy Melvin Payne Individual 09. Nov 18 09. Nov 18 15,349 €15.11 €231,850
08. Nov 18 Buy Melvin Payne Individual 07. Nov 18 08. Nov 18 68,651 €14.95 €996,015
08. Nov 18 Buy Carl Brink Individual 07. Nov 18 08. Nov 18 4,500 €14.93 €63,333
07. Nov 18 Buy Melvin Payne Individual 05. Nov 18 06. Nov 18 66,000 €14.09 €927,686
07. Nov 18 Buy James Schenck Individual 05. Nov 18 05. Nov 18 3,000 €14.18 €42,543
07. Nov 18 Buy Douglas Meehan Individual 05. Nov 18 05. Nov 18 719 €13.51 €9,717
07. Nov 18 Buy Bryan Leibman Individual 05. Nov 18 05. Nov 18 6,000 €13.89 €83,350
28. Sep 18 Sell Shawn Phillips Individual 27. Sep 18 27. Sep 18 -6,500 €18.55 €-120,573
18. Sep 18 Sell Adeola Olaniyan Individual 18. Sep 18 18. Sep 18 -904 €18.95 €-17,126
20. Aug 18 Buy Donald Patteson Individual 20. Aug 18 20. Aug 18 4,000 €20.33 €81,319
03. Aug 18 Buy Carl Brink Individual 03. Aug 18 03. Aug 18 1,000 €20.42 €20,423
X
Management checks
We assess Carriage Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Carriage Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides products and services, such as interment services; the rights to interment in cemetery sites comprising grave sites, mausoleum crypts, and niches; and related cemetery merchandise, including memorials and vaults. As of December 31, 2018, the company operated 182 funeral homes in 29 states; and 29 cemeteries in 11 states. Carriage Services, Inc. was founded in 1991 and is headquartered in Houston, Texas.

Details
Name: Carriage Services, Inc.
C57
Exchange: BST
Founded: 1991
$313,850,164
18,203,066
Website: http://www.carriageservices.com
Address: Carriage Services, Inc.
3040 Post Oak Boulevard,
Suite 300,
Houston,
Texas, 77056,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CSV Common Shares New York Stock Exchange US USD 09. Aug 1996
BST C57 Common Shares Boerse-Stuttgart DE EUR 09. Aug 1996
Number of employees
Current staff
Staff numbers
1,843
Carriage Services employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 21:44
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/07
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.