NYSE:CSL

Stock Analysis Report

Executive Summary

Carlisle Companies Incorporated operates as a diversified manufacturing company.

Rewards

Trading at 31.5% below its fair value

Earnings are forecast to grow 8.25% per year

Earnings grew by 32.4% over the past year

Pays a reliable dividend of 1.22%

Risk Analysis

Has a high level of debt



Snowflake Analysis

Solid track record, good value and pays a dividend.


Similar Companies

Share Price & News

How has Carlisle Companies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CSL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

CSL

1.4%

US Industrials

1.5%

US Market


1 Year Return

34.5%

CSL

7.4%

US Industrials

20.1%

US Market

Return vs Industry: CSL exceeded the US Industrials industry which returned 7.4% over the past year.

Return vs Market: CSL exceeded the US Market which returned 20.1% over the past year.


Shareholder returns

CSLIndustryMarket
7 Day0.3%1.4%1.5%
30 Day-0.4%-0.9%1.4%
90 Day1.4%3.4%8.7%
1 Year36.3%34.5%10.6%7.4%22.7%20.1%
3 Year60.2%54.3%-13.2%-21.1%50.1%40.5%
5 Year84.7%73.4%7.1%-7.5%73.1%54.1%

Price Volatility Vs. Market

How volatile is Carlisle Companies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Carlisle Companies undervalued compared to its fair value and its price relative to the market?

31.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CSL ($163.31) is trading below our estimate of fair value ($238.42)

Significantly Below Fair Value: CSL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CSL is good value based on its PE Ratio (19.7x) compared to the Industrials industry average (21.2x).

PE vs Market: CSL is poor value based on its PE Ratio (19.7x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: CSL is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: CSL is good value based on its PB Ratio (3.4x) compared to the US Industrials industry average (4.1x).


Next Steps

Future Growth

How is Carlisle Companies forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

8.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSL's forecast earnings growth (8.2% per year) is above the savings rate (1.7%).

Earnings vs Market: CSL's earnings (8.2% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: CSL's earnings are forecast to grow, but not significantly.

Revenue vs Market: CSL's revenue (4.4% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CSL's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CSL's Return on Equity is forecast to be low in 3 years time (19.2%).


Next Steps

Past Performance

How has Carlisle Companies performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSL has high quality earnings.

Growing Profit Margin: CSL's current net profit margins (9.8%) are higher than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: CSL's earnings have grown by 10.8% per year over the past 5 years.

Accelerating Growth: CSL's earnings growth over the past year (32.4%) exceeds its 5-year average (10.8% per year).

Earnings vs Industry: CSL earnings growth over the past year (32.4%) exceeded the Industrials industry -9.2%.


Return on Equity

High ROE: CSL's Return on Equity (17.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Carlisle Companies's financial position?


Financial Position Analysis

Short Term Liabilities: CSL's short term assets ($1.8B) exceed its short term liabilities ($899.0M).

Long Term Liabilities: CSL's short term assets ($1.8B) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: CSL's debt to equity ratio (60.2%) is considered high.

Reducing Debt: CSL's debt to equity ratio has increased from 34% to 60.2% over the past 5 years.

Debt Coverage: CSL's debt is well covered by operating cash flow (44.2%).

Interest Coverage: CSL's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet

Inventory Level: CSL has a high level of physical assets or inventory.

Debt Coverage by Assets: CSL's debt is covered by short term assets (assets are 1.1x debt).


Next Steps

Dividend

What is Carlisle Companies's current dividend yield, its reliability and sustainability?

1.22%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Carlisle Companies before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company1.2%marketbottom25%1.4%markettop25%3.7%industryaverage1.7%forecastin3Years1.5%

Current dividend yield vs market & industry

Notable Dividend: CSL's dividend (1.22%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: CSL's dividend (1.22%) is low compared to the top 25% of dividend payers in the US market (3.69%).


Stability and Growth of Payments

Stable Dividend: CSL's dividends per share have been stable in the past 10 years.

Growing Dividend: CSL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.7%), CSL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CSL's dividends in 3 years are forecast to be well covered by earnings (28.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Chris Koch (54yo)

4.1yrs

Tenure

US$7,497,435

Compensation

Mr. D. Christian Koch, also known as Chris, has been the Chief Executive Officer and President of Carlisle Companies Incorporated since January 1, 2016 and January, 2016 respectively. Mr. Koch served as th ...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD7.50M) is about average for companies of similar size in the US market ($USD6.26M).

Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
D. Koch
President4.1yrsUS$7.50m0.27% $24.9m
Robert Roche
VP & CFO3yrsUS$2.13m0.040% $3.7m
John Berlin
President of Carlisle Interconnect Technologies25yrsUS$2.42m0.052% $4.8m
Karl Messmer
President of Carlisle Brake & Friction4.3yrsUS$1.78m0.021% $1.9m
Shelley Bausch
President of Carlisle Fluid Technologies2.3yrsUS$1.66m0.031% $2.8m
Titus Ball
VP & Chief Accounting Officer3.8yrsno data0.0074% $677.3k
Laura Walsh
VP & Chief Information Officer0.08yrsno data0.0042% $380.5k
James Giannakouros
VP of Investor Relations and FP&A0yrsno datano data
Scott Selbach
VP, Secretary & General Counsel1.8yrsUS$1.35m0.11% $9.8m
Kevin Zdimal
Vice President of Corporate Development1.8yrsno data0.059% $5.4m

3.0yrs

Average Tenure

52yo

Average Age

Experienced Management: CSL's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
D. Koch
President4.1yrsUS$7.50m0.27% $24.9m
Robin Adams
Independent Director10.3yrsUS$239.75k0.011% $973.1k
Lawrence Sala
Independent Director17.4yrsUS$233.50k0.033% $3.0m
Gregg Ostrander
Independent Director11.5yrsUS$230.25k0.0080% $730.1k
Robert Bohn
Independent Director11.8yrsUS$257.00k0.014% $1.3m
David Roberts
Non Executive Chairman of the Board3.2yrsUS$450.00k0.36% $33.1m
James Frias
Independent Director5yrsUS$244.25k0.0012% $108.3k
Jesse Singh
Independent Director2.2yrsUS$230.25kno data
Corrine Ricard
Lead Independent Director0yrsUS$230.25k0.0011% $98.3k
Jonathan Collins
Independent Director3.4yrsUS$226.00kno data

5.0yrs

Average Tenure

59yo

Average Age

Experienced Board: CSL's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Carlisle Companies Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Carlisle Companies Incorporated
  • Ticker: CSL
  • Exchange: NYSE
  • Founded: 1917
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: US$9.103b
  • Shares outstanding: 55.74m
  • Website: https://www.carlisle.com

Number of Employees


Location

  • Carlisle Companies Incorporated
  • 16430 North Scottsdale Road
  • Suite 400
  • Scottsdale
  • Arizona
  • 85254
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSLNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
CLEDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications. The Carlisle Interconnect Technologies segment engineers, manufactures, and sells wires, cables, connectors, contacts and cable assemblies, and satellite communication equipment to transfer power and data for the aerospace, medical, defense electronics, test and measurement equipment, and other industrial markets. The Carlisle Fluid Technologies segment designs, manufactures, and sells liquid and powder finishing equipment and system components primarily in the automotive, automotive refinishing, aerospace, agriculture, construction, marine, and rail industries. The Carlisle Brake & Friction segment provides braking products and systems, and clutch transmission friction products for off-highway, on-highway, aircraft, and other industrial applications; and motorsport braking products. The company markets its products in the United States, Europe, Asia, Canada, Mexico, Latin America, the Middle East, Africa, and internationally. Carlisle Companies Incorporated was founded in 1917 and is headquartered in Scottsdale, Arizona. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 23:36
End of Day Share Price2020/02/14 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.