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Carlisle Companies

NYSE:CSL
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CSL
NYSE
$8B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Carlisle Companies Incorporated operates as a diversified manufacturing company. The last earnings update was 62 days ago. More info.


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CSL Share Price and Events
7 Day Returns
-0.9%
NYSE:CSL
0.2%
US Industrials
-0.4%
US Market
1 Year Returns
27.7%
NYSE:CSL
-2.9%
US Industrials
4.3%
US Market
CSL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Carlisle Companies (CSL) -0.9% 1.4% 12.4% 27.7% 33.1% 56.3%
US Industrials 0.2% 5.2% -0.3% -2.9% -21.9% -10.1%
US Market -0.4% 2.8% 2.7% 4.3% 40.9% 38.2%
1 Year Return vs Industry and Market
  • CSL outperformed the Industrials industry which returned -2.9% over the past year.
  • CSL outperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
CSL
Industry
5yr Volatility vs Market

Value

 Is Carlisle Companies 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 Carlisle Companies 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 Carlisle Companies.

NYSE:CSL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:CSL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Industrials Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.883 (1 + (1- 21%) (21.25%))
1.021
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.021 * 5.96%)
8.81%

Discounted Cash Flow Calculation for NYSE:CSL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Carlisle Companies 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.

NYSE:CSL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.81%)
2019 458.68 Analyst x4 421.52
2020 501.48 Analyst x4 423.52
2021 441.80 Analyst x1 342.90
2022 406.26 Est @ -8.04% 289.78
2023 386.71 Est @ -4.81% 253.49
2024 376.86 Est @ -2.55% 227.02
2025 373.22 Est @ -0.97% 206.62
2026 373.75 Est @ 0.14% 190.15
2027 377.19 Est @ 0.92% 176.36
2028 382.70 Est @ 1.46% 164.44
Present value of next 10 years cash flows $2,695.81
NYSE:CSL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $382.70 × (1 + 2.73%) ÷ (8.81% – 2.73%)
$6,461.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,461.93 ÷ (1 + 8.81%)10
$2,776.58
NYSE:CSL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,695.81 + $2,776.58
$5,472.38
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,472.38 / 57.06
$95.9
NYSE:CSL Discount to Share Price
Calculation Result
Value per share (USD) From above. $95.90
Current discount Discount to share price of $137.10
= -1 x ($137.10 - $95.90) / $95.90
-43%

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

  • The current share price of Carlisle Companies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Carlisle Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Carlisle Companies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CSL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.38
NYSE:CSL Share Price ** NYSE (2019-06-26) in USD $137.1
United States of America Industrials Industry PE Ratio Median Figure of 5 Publicly-Listed Industrials Companies 21.69x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.77x

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

** Primary Listing of Carlisle Companies.

NYSE:CSL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 137.1 ÷ 6.38

21.48x

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

  • Carlisle Companies is good value based on earnings compared to the US Industrials industry average.
  • Carlisle Companies is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Carlisle Companies's expected growth come at a high price?
Raw Data
NYSE:CSL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
11.7%per year
United States of America Industrials Industry PEG Ratio Median Figure of 5 Publicly-Listed Industrials Companies 1.85x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:CSL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.48x ÷ 11.7%

1.83x

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

  • Carlisle Companies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Carlisle Companies's assets?
Raw Data
NYSE:CSL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $44.45
NYSE:CSL Share Price * NYSE (2019-06-26) in USD $137.1
United States of America Industrials Industry PB Ratio Median Figure of 6 Publicly-Listed Industrials Companies 4.29x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.78x
NYSE:CSL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 137.1 ÷ 44.45

3.08x

* Primary Listing of Carlisle Companies.

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

  • Carlisle Companies is good value based on assets compared to the US Industrials industry average.
X
Value checks
We assess Carlisle Companies'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 Industrials 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 Industrials industry average (and greater than 0)? (1 check)
  5. Carlisle Companies has a total score of 2/6, 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 Carlisle Companies expected to perform in the next 1 to 3 years based on estimates from 6 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
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Carlisle Companies expected to grow at an attractive rate?
  • Carlisle Companies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Carlisle Companies's earnings growth is positive but not above the United States of America market average.
  • Carlisle Companies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CSL Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CSL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 11.7%
NYSE:CSL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4%
United States of America Industrials Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
United States of America Industrials Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NYSE:CSL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CSL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,191 681 1
2020-12-31 5,031 658 492 6
2019-12-31 4,863 604 453 6
NYSE:CSL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,567 416 379
2018-12-31 4,480 338 357
2018-09-30 4,732 262 398
2018-06-30 4,553 324 381
2018-03-31 3,962 462 336
2017-12-31 3,751 458 338
2017-09-30 3,654 474 306
2017-06-30 3,642 482 217
2017-03-31 3,655 450 238
2016-12-31 3,425 531 229
2016-09-30 3,658 531 254
2016-06-30 3,640 560 366

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Carlisle Companies's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • Carlisle Companies's revenue is expected to grow by 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
NYSE:CSL 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 6 Analyst Estimates (S&P Global) See Below

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

NYSE:CSL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 8.71 9.00 8.35 5.00
2019-12-31 7.87 7.94 7.83 5.00
NYSE:CSL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.38
2018-12-31 5.92
2018-09-30 6.53
2018-06-30 6.18
2018-03-31 5.38
2017-12-31 5.35
2017-09-30 4.80
2017-06-30 3.39
2017-03-31 3.71
2016-12-31 3.57
2016-09-30 3.94
2016-06-30 5.68

*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 Carlisle Companies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Carlisle Companies'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Carlisle Companies has a total score of 1/6, 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 Carlisle Companies 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 Carlisle Companies's growth in the last year to its industry (Industrials).
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.
  • Carlisle Companies's year on year earnings growth rate has been positive over the past 5 years.
  • Carlisle Companies's 1-year earnings growth exceeds its 5-year average (12.8% vs 8.6%)
  • Carlisle Companies's earnings growth has not exceeded the US Industrials industry average in the past year (12.8% vs 12.8%).
Earnings and Revenue History
Carlisle Companies'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 Carlisle Companies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CSL 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 4,566.70 378.90 624.50 55.40
2018-12-31 4,479.50 357.40 610.30 55.00
2018-09-30 4,731.80 398.40 669.80 57.70
2018-06-30 4,552.80 381.00 633.40 57.90
2018-03-31 3,961.50 335.90 529.70 53.20
2017-12-31 3,750.80 337.70 505.00 51.20
2017-09-30 3,653.80 305.50 501.50 49.90
2017-06-30 3,642.40 217.40 507.80 49.80
2017-03-31 3,655.40 238.30 515.30 48.70
2016-12-31 3,425.20 229.20 474.30 45.40
2016-09-30 3,658.10 253.50 497.90 47.40
2016-06-30 3,640.20 366.10 489.90 46.40
2016-03-31 3,627.90 345.90 484.40 45.30
2015-12-31 3,543.20 317.00 461.90 42.80
2015-09-30 3,457.00 289.40 440.50 39.80
2015-06-30 3,388.00 272.00 411.10 37.10
2015-03-31 3,262.90 252.50 383.00 34.60
2014-12-31 3,204.00 249.90 377.10 33.80
2014-09-30 3,138.00 256.60 370.20 32.60
2014-06-30 3,030.70 237.10 362.90 30.90
2014-03-31 2,963.80 226.40 355.50 29.90
2013-12-31 2,943.00 234.10 353.70 29.30
2013-09-30 2,286.40 183.40 288.60 21.60
2013-06-30 2,399.50 186.60 302.40 22.80
2013-03-31 2,591.50 211.40 320.60 23.90
2012-12-31 2,851.20 227.00 352.10 26.10
2012-09-30 3,573.40 257.10 403.40 31.70
2012-06-30 3,534.00 240.90 401.70 30.70

*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.
  • Carlisle Companies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Carlisle Companies used its assets less efficiently than the US Industrials industry average last year based on Return on Assets.
  • Carlisle Companies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Carlisle Companies'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 Industrials 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.
Carlisle Companies has a total score of 2/6, 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 Carlisle Companies'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 Carlisle Companies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Carlisle Companies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Carlisle Companies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Carlisle Companies'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 covered by short term assets, assets are 1.2x 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 Carlisle Companies Company Filings, last reported 2 months ago.

NYSE:CSL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,524.70 1,588.50 516.60
2018-12-31 2,597.40 1,587.80 803.60
2018-09-30 2,705.70 1,587.40 780.50
2018-06-30 2,672.30 1,586.90 762.40
2018-03-31 2,720.80 1,586.40 979.10
2017-12-31 2,528.30 1,586.20 378.30
2017-09-30 2,436.30 781.90 147.60
2017-06-30 2,472.50 706.70 139.80
2017-03-31 2,518.20 596.50 134.00
2016-12-31 2,466.90 596.40 385.30
2016-09-30 2,446.90 596.20 355.40
2016-06-30 2,490.10 746.00 397.90
2016-03-31 2,387.50 745.70 450.50
2015-12-31 2,347.40 745.40 410.70
2015-09-30 2,364.10 748.60 354.40
2015-06-30 2,305.70 748.50 229.20
2015-03-31 2,212.90 749.90 744.40
2014-12-31 2,205.00 749.80 730.80
2014-09-30 2,150.60 751.30 805.10
2014-06-30 2,093.00 751.20 757.00
2014-03-31 2,031.40 751.10 779.70
2013-12-31 1,986.10 751.00 754.50
2013-09-30 1,923.60 752.60 332.40
2013-06-30 1,841.20 752.60 168.20
2013-03-31 1,834.90 753.30 116.00
2012-12-31 1,788.10 752.30 112.50
2012-09-30 1,733.20 574.60 87.10
2012-06-30 1,654.80 699.50 76.80
  • Carlisle Companies's level of debt (62.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (37% vs 62.9% today).
  • Debt is well covered by operating cash flow (26.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.7x coverage).
X
Financial health checks
We assess Carlisle Companies'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. Carlisle Companies has a total score of 3/6, 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 Carlisle Companies'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
1.17%
Current annual income from Carlisle Companies dividends. Estimated to be 1.2% next year.
If you bought $2,000 of Carlisle Companies shares you are expected to receive $23 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?
  • Carlisle Companies's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Carlisle Companies's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
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
NYSE:CSL 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 6 Analyst Estimates (S&P Global) See Below
United States of America Industrials Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:CSL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 1.68 2.00
2019-12-31 1.63 2.00
NYSE:CSL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 1.600 1.170
2019-02-06 1.600 1.278
2018-11-05 1.600 1.557
2018-08-02 1.600 1.369
2018-05-01 1.480 1.341
2018-02-06 1.480 1.419
2017-11-06 1.480 1.306
2017-08-07 1.480 1.489
2017-04-26 1.400 1.414
2017-02-07 1.400 1.323
2016-11-07 1.400 1.260
2016-08-04 1.400 1.349
2016-05-04 1.200 1.161
2016-02-03 1.200 1.265
2015-11-04 1.200 1.406
2015-08-05 1.200 1.266
2015-05-06 1.000 0.994
2015-02-04 1.000 1.066
2014-11-05 1.000 1.112
2014-08-07 1.000 1.219
2014-05-06 0.880 1.039
2014-02-05 0.880 1.117
2013-11-06 0.880 1.165
2013-08-01 0.880 1.265
2013-05-08 0.800 1.221
2013-02-06 0.800 1.199
2012-11-06 0.800 1.363
2012-08-02 0.800 1.515
2012-05-02 0.720 1.380
2012-02-01 0.720 1.435
2011-11-02 0.720 1.620
2011-08-04 0.720 1.980
2011-05-13 0.680 1.457
2011-02-03 0.680 1.540
2010-11-03 0.680 1.756
2010-08-06 0.680 2.203
2010-05-14 0.640 1.718
2010-02-02 0.640 1.716
2009-11-04 0.640 1.886
2009-08-03 0.640 1.922
2009-05-07 0.620 2.517
2009-02-04 0.620 2.997
2008-11-05 0.620 3.106
2008-08-04 0.620 2.219

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Carlisle Companies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x 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 Carlisle Companies'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 Carlisle Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Carlisle Companies has a total score of 3/6, 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 Carlisle Companies'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
Chris Koch
COMPENSATION $7,497,435
AGE 53
TENURE AS CEO 3.4 years
CEO Bio

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 the President and Chief Operating Officer at Carlisle Companies Incorporated from May 08, 2014 to January 1, 2016. Mr. Koch served as Group President of Carlisle Diversified Products at Carlisle Companies Incorporated from June 2012 to May 2014, where he headed up 2 of Carlisle's 4 business segments, Carlisle Brake & Friction and Carlisle FoodService Products. Mr. Koch served as the President of Carlisle Industrial Brake & Friction at Carlisle Companies Incorporated from January 2009 to June 2012. Mr. Koch served as the President of Carlisle Asia Pacific at Carlisle Companies Inc. from February 2008 to January 2009. He served as General Manager of Asia Pacific and Vice President of Latin America at Graco Inc. since June 16, 2003 to January 2008. He served as Vice President of Lubrication Equipment Division at Graco Inc. from February 15, 2000 to June 16, 2003. He served as Vice President of Asia Pacific & Latin America at Graco Inc. from February 15, 2000 to June 2003. He has been a Director of Carlisle Companies Incorporated since January 2016 and Independent Director at The Toro Company since April 21, 2016. He served as a Director of Arctic Cat Inc. from August 2009 to April 15, 2016 and served as its Lead Director until August 6, 2015. He served as Director of Industrial Global Sales and Marketing of Graco Inc. from August 1999 to February 2000 and served as its Director of Lubrication Marketing from December 1998 to August 1999. Prior to joining Graco Inc. in December 1998, he was employed by H.B. Fuller Company, where he held various positions, including President and Division Manager of TEC, Inc., a subsidiary of H.B. Fuller and Vice President and Business Unit Manager of Foster Products Corporation. Mr. Koch holds a B.A. in Economics from Macalester College and an M.B.A. from the University of Minnesota.

CEO Compensation
  • Chris's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Chris's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Carlisle Companies management team in years:

3.2
Average Tenure
51
Average Age
  • The tenure for the Carlisle Companies management team is about average.
Management Team

Chris Koch

TITLE
CEO, President & Director
COMPENSATION
$7M
AGE
53
TENURE
3.4 yrs

Robert Roche

TITLE
VP & CFO
COMPENSATION
$2M
AGE
51
TENURE
2.3 yrs

John Berlin

TITLE
President of Carlisle Interconnect Technologies
COMPENSATION
$2M
AGE
56
TENURE
24.3 yrs

Ted Messmer

TITLE
President of Carlisle Brake & Friction
COMPENSATION
$2M
AGE
47
TENURE
3.6 yrs

Shelley Bausch

TITLE
President of Carlisle Fluid Technologies
COMPENSATION
$2M
AGE
52
TENURE
1.7 yrs

Titus Ball

TITLE
VP & Chief Accounting Officer
AGE
44
TENURE
3.1 yrs

Jim Giannakouros

TITLE
Vice President of Investor Relations and FP&A

Scott Selbach

TITLE
VP, Secretary & General Counsel
COMPENSATION
$1M
AGE
62
TENURE
1.1 yrs

Kevin Zdimal

TITLE
Vice President of Corporate Development
AGE
48

Amelia Murillo

TITLE
Vice President of Human Resources
AGE
43
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Carlisle Companies board of directors in years:

4.3
Average Tenure
58
Average Age
  • The tenure for the Carlisle Companies board of directors is about average.
Board of Directors

Dave Roberts

TITLE
Non Executive Chairman
COMPENSATION
$450K
AGE
70
TENURE
2.5 yrs

Chris Koch

TITLE
CEO, President & Director
COMPENSATION
$7M
AGE
53
TENURE
3.4 yrs

Bob Bohn

TITLE
Independent Director
COMPENSATION
$257K
AGE
65
TENURE
11.2 yrs

Robin Adams

TITLE
Independent Director
COMPENSATION
$240K
AGE
65
TENURE
9.7 yrs

James Frias

TITLE
Independent Director
COMPENSATION
$244K
AGE
61
TENURE
4.3 yrs

Corrine Ricard

TITLE
Lead Independent Director
COMPENSATION
$230K
AGE
55

Larry Sala

TITLE
Independent Director
COMPENSATION
$234K
AGE
55
TENURE
16.8 yrs

Gregg Ostrander

TITLE
Independent Director
COMPENSATION
$230K
AGE
65
TENURE
10.8 yrs

Jonathan Collins

TITLE
Director
COMPENSATION
$226K
AGE
41
TENURE
2.8 yrs

Jesse Singh

TITLE
Director
COMPENSATION
$230K
AGE
52
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Feb 19 Sell David Roberts Individual 14. Feb 19 14. Feb 19 -3,610 $121.50 $-438,615
X
Management checks
We assess Carlisle Companies'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. Carlisle Companies 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

Introducing Carlisle Companies (NYSE:CSL), A Stock That Climbed 57% In The Last Five Years

For example, the Carlisle Companies Incorporated (NYSE:CSL) share price is up 57% in the last 5 years, clearly besting than the market return of around 38% (ignoring dividends). … During five years of share price growth, Carlisle Companies achieved compound earnings per share (EPS) growth of 12% per year. … As it happens, Carlisle Companies's TSR for the last 5 years was 68%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Should You Be Adding Carlisle Companies (NYSE:CSL) To Your Watchlist Today?

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Carlisle Companies (NYSE:CSL). … While we note Carlisle Companies's EBIT margins were flat over the last year, revenue grew by a solid 15% to US$4.6b. … As I already mentioned, Carlisle Companies is a growing business, which is what I like to see.

Simply Wall St -

How Should Investors Feel About Carlisle Companies Incorporated's (NYSE:CSL) CEO Pay?

See our latest analysis for Carlisle Companies How Does Chris Koch's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Carlisle Companies Incorporated has a market cap of US$7.7b, and is paying total annual CEO compensation of US$7.5m. … We looked at a group of companies with market capitalizations from US$4.0b to US$12b, and the median CEO total compensation was US$7.0m.

Simply Wall St -

Carlisle Companies Incorporated (NYSE:CSL): Time For A Financial Health Check

Help shape the future of investing tools and you could win a $250 gift card! … Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Carlisle Companies Incorporated (NYSE:CSL), with a market capitalization of US$8.0b, rarely draw their attention from the investing community. … See our latest analysis for Carlisle Companies

Simply Wall St -

Did Carlisle Companies Incorporated (NYSE:CSL) Insiders Sell Shares?

So before you buy or sell Carlisle Companies Incorporated (NYSE:CSL), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Carlisle Companies. … In the last twelve months insiders netted US$1.9m for 17260 shares sold

Simply Wall St -

Did Carlisle Companies Incorporated (NYSE:CSL) Use Debt To Deliver Its ROE Of 14%?

Carlisle Companies has a ROE of 14%, based on the last twelve months. … That means that for every $1 worth of shareholders' equity, it generated $0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Worry About Carlisle Companies Incorporated’s (NYSE:CSL) ROCE?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Here's What Carlisle Companies Incorporated's (NYSE:CSL) P/E Ratio Is Telling Us

We'll show how you can use Carlisle Companies Incorporated's (NYSE:CSL) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Carlisle Companies's P/E ratio is 20.52. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Do Analysts Think About Carlisle Companies Incorporated's (NYSE:CSL) Future?

The most recent earnings announcement Carlisle Companies Incorporated's (NYSE:CSL) released in December 2018a

Simply Wall St -

Does Carlisle Companies's Share Price Gain of 55% Match Its Business Performance?

For example, the Carlisle Companies Incorporated (NYSE:CSL) share price is up 55% in the last 5 years, clearly besting than the market return of around 40% (ignoring dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Carlisle Companies achieved compound earnings per share (EPS) growth of 9.9% per year.

Simply Wall St -

Company Info

Description

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.

Details
Name: Carlisle Companies Incorporated
CSL
Exchange: NYSE
Founded: 1917
$7,823,017,719
57,060,669
Website: http://www.carlisle.com
Address: Carlisle Companies Incorporated
16430 North Scottsdale Road,
Suite 400,
Scottsdale,
Arizona, 85254,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CSL Common Stock New York Stock Exchange US USD 02. Jan 1968
DB CLE Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
13,000
Carlisle Companies employees.
Industry
Industrial Conglomerates
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 23:35
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/21
Last earnings filing: 2019/04/25
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.