Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States.
Good value with reasonable growth potential.
Share Price & News
How has Carriage Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: C57 has not had significant price volatility in the past 3 months.
7 Day Return
DE Consumer Services
1 Year Return
DE Consumer Services
Return vs Industry: C57 underperformed the German Consumer Services industry which returned 8.9% over the past year.
Return vs Market: C57 underperformed the German Market which returned 3.9% over the past year.
Price Volatility Vs. Market
How volatile is Carriage Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Carriage Services undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: C57 (€15) is trading below our estimate of fair value (€23.39)
Significantly Below Fair Value: C57 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: C57 is poor value based on its PE Ratio (83x) compared to the XE Consumer Services industry average (15.4x).
PE vs Market: C57 is poor value based on its PE Ratio (83x) compared to the German market (21x).
Price to Earnings Growth Ratio
PEG Ratio: C57 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: C57 is good value based on its PB Ratio (1.4x) compared to the XE Consumer Services industry average (2.4x).
How is Carriage Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: C57's forecast earnings growth (92.3% per year) is above the savings rate (0.2%).
Earnings vs Market: C57's earnings (92.3% per year) are forecast to grow faster than the German market (22.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: C57's revenue (7.1% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: C57's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if C57's Return on Equity is forecast to be high in 3 years time
How has Carriage Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C57 has a large one-off loss of $20.3M impacting its March 31 2020 financial results.
Growing Profit Margin: C57's current net profit margins (1.3%) are lower than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: C57's earnings have declined by -7.7% per year over the past 5 years.
Accelerating Growth: C57's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: C57 had negative earnings growth (-57.2%) over the past year, making it difficult to compare to the Consumer Services industry average (57.7%).
Return on Equity
High ROE: C57's Return on Equity (1.7%) is considered low.
How is Carriage Services's financial position?
Financial Position Analysis
Short Term Liabilities: C57's short term assets ($54.4M) exceed its short term liabilities ($39.5M).
Long Term Liabilities: C57's short term assets ($54.4M) do not cover its long term liabilities ($858.6M).
Debt to Equity History and Analysis
Debt Level: C57's debt to equity ratio (234.1%) is considered high.
Reducing Debt: C57's debt to equity ratio has increased from 150.3% to 234.1% over the past 5 years.
Debt Coverage: C57's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: C57's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Carriage Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: C57's dividend (1.71%) is higher than the bottom 25% of dividend payers in the German market (1.24%).
High Dividend: C57's dividend (1.71%) is low compared to the top 25% of dividend payers in the German market (3.82%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, C57 has been paying a dividend for less than 10 years.
Growing Dividend: C57's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (141.8%), C57's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mel Payne (77yo)
Mr. Melvin C. Payne, also known as Mel, serves as President, Chairman of the Board and Chief Executive Officer in Carriage Services Investment Advisors, Inc. Mr. Mel was Chief Operating Officer of Carriage ...
CEO Compensation Analysis
Compensation vs Market: Mel's total compensation ($USD2.04M) is above average for companies of similar size in the German market ($USD1.06M).
Compensation vs Earnings: Mel's compensation has been consistent with company performance over the past year.
|CFO, Senior VP & Treasurer||no data||US$513.35k||0.13% $361.5k|
|Senior VP||7.83yrs||US$497.99k||0.082% $227.8k|
|Senior VP||3.42yrs||US$495.63k||0.37% $1.0m|
|Senior VP & Regional Partner of West||7.83yrs||US$496.11k||0.17% $481.7k|
|Senior VP & General Counsel||1yr||no data||0.018% $50.4k|
|Senior Vice President of Human Resources||2.75yrs||no data||0.11% $315.4k|
|Senior VP & Regional Partner||1yr||no data||0.054% $150.9k|
|Corporate Controller||no data||no data||0.033% $92.2k|
Experienced Management: C57's management team is considered experienced (3.4 years average tenure).
|Independent Director||8.33yrs||US$80.00k||0.086% $238.0k|
|Advisor to the Board||no data||US$147.97k||0.14% $397.3k|
|Independent Director||8.92yrs||US$85.00k||0.32% $898.9k|
|Independent Lead Director||4.5yrs||US$85.00k||0.17% $471.2k|
|Independent Director||4.5yrs||US$80.00k||0.11% $298.7k|
|Independence Director||2.17yrs||US$75.00k||0.066% $184.3k|
Experienced Board: C57's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: C57 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Carriage Services, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Carriage Services, Inc.
- Ticker: C57
- Exchange: BST
- Founded: 1991
- Industry: Specialized Consumer Services
- Sector: Consumer Services
- Market Cap: US$314.657m
- Listing Market Cap: US$278.125m
- Shares outstanding: 17.91m
- Website: https://www.carriageservices.com
Number of Employees
- Carriage Services, Inc.
- 3040 Post Oak Boulevard
- Suite 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CSV||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Aug 1996|
|C57||BST (Boerse-Stuttgart)||Yes||Common Shares||DE||EUR||Aug 1996|
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, lawn crypts, mausoleum spaces and niche; related cemetery merchandise, including outer burial containers, memorial markers, and floral placements; and interments, inurnments, and installation of cemetery merchandise services. As of December 31, 2019, the company operated 186 funeral homes in 29 states; and 31 cemeteries in 11 states. Carriage Services, Inc. was founded in 1991 and is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/11 21:46|
|End of Day Share Price||2020/07/10 00:00|
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.