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Culp

NYSE:CULP
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CULP
NYSE
$227M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Culp, Inc. manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. The last earnings update was 77 days ago. More info.


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CULP Share Price and Events
7 Day Returns
-1.4%
NYSE:CULP
-2.6%
US Luxury
-2.1%
US Market
1 Year Returns
-41.2%
NYSE:CULP
3.7%
US Luxury
1.3%
US Market
CULP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Culp (CULP) -1.4% -11.3% -4.3% -41.2% -32.9% -0.3%
US Luxury -2.6% -7.5% -3.6% 3.7% 28.6% 40.5%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • CULP underperformed the Luxury industry which returned 3.7% over the past year.
  • CULP underperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
CULP
Industry
5yr Volatility vs Market

Value

 Is Culp 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 Culp 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 Culp.

NYSE:CULP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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:CULP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.682 (1 + (1- 21%) (0%))
0.787
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

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

The calculations below outline how an intrinsic value for Culp 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:CULP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 8.60 Analyst x1 8.00
2020 14.06 Analyst x2 12.17
2021 14.34 Analyst x2 11.54
2022 17.01 Analyst x2 12.74
2023 18.23 Analyst x2 12.70
2024 19.40 Analyst x1 12.57
2025 20.40 Est @ 5.17% 12.30
2026 21.31 Est @ 4.44% 11.95
2027 22.15 Est @ 3.93% 11.55
2028 22.94 Est @ 3.57% 11.13
Present value of next 10 years cash flows $116.65
NYSE:CULP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $22.94 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$494.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $494.15 ÷ (1 + 7.5%)10
$239.81
NYSE:CULP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $116.65 + $239.81
$356.45
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $356.45 / 12.37
$28.82
NYSE:CULP Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.82
Current discount Discount to share price of $18.39
= -1 x ($18.39 - $28.82) / $28.82
36.2%

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

Current Discount
Amount off the current price Culp is available for.
Intrinsic value
36%
Share price is $18.39 vs Future cash flow value of $28.82
Current Discount Checks
For Culp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Culp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Culp'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 Culp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Culp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CULP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-27) in USD $1.58
NYSE:CULP Share Price ** NYSE (2019-05-24) in USD $18.39
United States of America Luxury Industry PE Ratio Median Figure of 37 Publicly-Listed Luxury Companies 16.85x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

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

** Primary Listing of Culp.

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

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

= 18.39 ÷ 1.58

11.64x

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

  • Culp is good value based on earnings compared to the US Luxury industry average.
  • Culp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Culp's expected growth come at a high price?
Raw Data
NYSE:CULP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
11.9%per year
United States of America Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.52x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.64x ÷ 11.9%

0.98x

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

  • Culp is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Culp's assets?
Raw Data
NYSE:CULP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-27) in USD $13.16
NYSE:CULP Share Price * NYSE (2019-05-24) in USD $18.39
United States of America Luxury Industry PB Ratio Median Figure of 46 Publicly-Listed Luxury Companies 1.48x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:CULP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 18.39 ÷ 13.16

1.4x

* Primary Listing of Culp.

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

  • Culp is good value based on assets compared to the US Luxury industry average.
X
Value checks
We assess Culp'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Culp has a total score of 5/6, 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 Culp expected to perform in the next 1 to 3 years based on estimates from 3 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
11.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Culp expected to grow at an attractive rate?
  • Culp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Culp's earnings growth is positive but not above the United States of America market average.
  • Culp's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CULP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CULP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 11.9%
NYSE:CULP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.3%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:CULP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CULP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-04-30 375 1
2023-04-30 354 28 19 2
2022-04-30 339 27 17 2
2021-04-30 325 22 15 2
2020-04-30 314 22 12 3
2019-04-30 296 23 8 3
NYSE:CULP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-27 304 14 20
2018-10-28 312 24 16
2018-07-29 316 23 17
2018-04-29 324 27 21
2018-01-28 323 31 14
2017-10-29 314 27 22
2017-07-30 308 30 22
2017-04-30 310 34 22
2017-01-29 309 36 20
2016-10-30 312 33 18
2016-07-31 313 32 18
2016-05-01 313 28 17
2016-01-31 314 21 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Culp's earnings are expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
  • Culp's revenue is expected to grow by 4.3% 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:CULP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Culp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CULP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-04-30
2023-04-30 1.49 1.49 1.49 1.00
2022-04-30 1.35 1.35 1.35 1.00
2021-04-30 1.21 1.21 1.21 1.00
2020-04-30 0.98 1.06 0.91 3.00
2019-04-30 0.64 0.66 0.63 3.00
NYSE:CULP Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-27 1.58
2018-10-28 1.27
2018-07-29 1.35
2018-04-29 1.68
2018-01-28 1.16
2017-10-29 1.74
2017-07-30 1.78
2017-04-30 1.81
2017-01-29 1.61
2016-10-30 1.48
2016-07-31 1.43
2016-05-01 1.38
2016-01-31 1.48

*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 Culp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Culp'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.
Culp 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 Culp 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 Culp's growth in the last year to its industry (Luxury).
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.
  • Culp's year on year earnings growth rate has been positive over the past 5 years.
  • Culp's 1-year earnings growth exceeds its 5-year average (36.1% vs 2.9%)
  • Culp's earnings growth has not exceeded the US Luxury industry average in the past year (36.1% vs 43.5%).
Earnings and Revenue History
Culp'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 Culp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CULP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-27 303.89 19.71 34.96
2018-10-28 311.97 15.81 35.69
2018-07-29 315.67 16.85 35.10
2018-04-29 323.73 20.88 36.83
2018-01-28 322.89 14.41 38.30
2017-10-29 313.75 21.50 38.17
2017-07-30 308.40 22.01 38.35
2017-04-30 309.54 22.33 38.60
2017-01-29 309.45 19.74 38.43
2016-10-30 311.75 18.25 37.95
2016-07-31 313.36 17.55 37.78
2016-05-01 312.86 16.94 36.77
2016-01-31 314.45 18.25 37.12
2015-11-01 317.26 17.20 36.16
2015-08-02 314.29 16.43 34.10
2015-05-03 310.17 15.07 32.78
2015-02-01 305.36 12.90 30.49
2014-11-02 296.48 17.47 29.16
2014-08-03 293.08 17.56 28.98
2014-04-27 287.16 17.45 28.66
2014-01-26 283.49 18.41 28.11
2013-10-27 274.80 12.85 27.89
2013-07-28 269.77 18.02 27.90
2013-04-28 268.81 18.32 28.45
2013-01-27 274.15 18.04 29.70
2012-10-28 270.90 17.02 28.40
2012-07-29 263.36 15.00 26.91

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Culp is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Culp's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Culp'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.
  • Culp has no debt, it does not need to be covered by short term assets.
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 Culp Company Filings, last reported 3 months ago.

NYSE:CULP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-27 167.23 0.00 39.96
2018-10-28 167.47 0.00 41.49
2018-07-29 166.03 4.00 39.35
2018-04-29 163.38 0.00 49.44
2018-01-28 152.18 0.00 42.11
2017-10-29 153.08 0.00 22.23
2017-07-30 149.68 5.00 20.79
2017-04-30 148.63 0.00 23.24
2017-01-29 142.31 0.00 18.07
2016-10-30 135.95 0.00 16.34
2016-07-31 131.44 7.00 47.98
2016-05-01 128.81 0.00 42.15
2016-01-31 125.07 0.00 35.97
2015-11-01 122.98 0.00 37.50
2015-08-02 118.73 2.20 32.27
2015-05-03 119.43 2.20 39.73
2015-02-01 114.97 2.20 37.16
2014-11-02 111.67 2.20 35.27
2014-08-03 109.15 4.97 30.98
2014-04-27 111.74 4.99 35.60
2014-01-26 109.44 4.97 30.37
2013-10-27 101.52 4.99 30.49
2013-07-28 98.59 7.16 27.60
2013-04-28 95.58 7.16 28.82
2013-01-27 91.97 7.34 24.73
2012-10-28 95.39 7.69 28.71
2012-07-29 91.83 9.90 27.09
  • Culp has no debt.
  • Culp has no debt compared to 5 years ago when it was 4.5%.
  • Culp has no debt, it does not need to be covered by operating cash flow.
  • Culp has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Culp'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. Culp has a total score of 6/6, 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 Culp'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
2.18%
Current annual income from Culp dividends.
If you bought $2,000 of Culp shares you are expected to receive $44 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?
  • Culp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Culp's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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:CULP 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 3 Analyst Estimates (S&P Global) See Below
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NYSE:CULP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-04-30
2023-04-30
2022-04-30
2021-04-30
2020-04-30
2019-04-30
NYSE:CULP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-08 0.400 2.076
2019-02-27 0.400 2.240
2018-12-07 0.400 2.093
2018-11-29 0.400 1.941
2018-09-07 0.360 1.573
2018-08-29 0.360 1.447
2018-07-13 0.570 2.263
2018-06-13 0.570 2.214
2018-03-09 0.570 1.857
2018-02-28 0.570 1.949
2017-12-08 0.570 1.836
2017-11-30 0.570 1.768
2017-09-08 0.530 1.725
2017-08-30 0.530 1.852
2017-07-14 0.530 1.790
2017-06-13 0.530 1.608
2017-03-10 0.530 1.662
2017-02-28 0.530 1.633
2016-12-09 0.530 1.540
2016-12-01 0.530 1.539
2016-09-09 0.490 1.594
2016-08-30 0.490 1.518
2016-07-15 0.490 1.720
2016-06-15 0.490 1.763
2016-03-11 0.680 2.552
2016-03-01 0.680 2.614
2015-12-11 0.680 2.744
2015-12-01 0.680 2.484
2015-09-08 0.640 2.136
2015-09-02 0.640 1.987
2015-07-17 0.640 2.083
2015-06-18 0.640 2.057
2015-03-04 0.240 0.901
2014-12-03 0.240 1.138
2014-09-04 0.200 1.088
2014-06-12 0.200 1.120
2014-03-07 0.200 1.073
2014-02-25 0.200 1.016
2013-09-18 0.160 0.818
2013-06-12 0.160 0.864
2013-02-27 0.120 0.731
2012-11-27 0.120 0.761
2012-09-19 0.120 0.986
2012-06-13 0.120 1.156

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

  • Culp has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Culp only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Culp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x 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 Culp'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 Culp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Culp 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 Culp'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
Frank Saxon
COMPENSATION $1,523,527
AGE 66
TENURE AS CEO 12 years
CEO Bio

Mr. Franklin N. Saxon, also known as Frank, has been the Chief Executive Officer of Culp, Inc. since May 1, 2007 and its President since June 2004. Mr. Saxon serves as Vice Chairman of the Board for Culp, Inc since October 1, 2018. Mr. Saxon served as Chief Financial Officer of Culp, Inc. since 2001. He served as the Chief Operating Officer of Culp, Inc. since June 2004. Mr. Saxon served as Senior Vice President and President of the Culp Velvets Prints division of Culp Inc. from 1998 to May 2004. Mr. Saxon has been employed by Culp Inc. since 1983 and served as its Chief Financial Officer from 1985 to 1998 and served as Treasurer since June 18, 2002. He also has extensive financial management expertise, having worked in public accounting. He served as Executive Vice President of Culp, Inc. from 2001 to May 2004. He has been a Director of Culp, Inc. since 1987.

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

Average tenure and age of the Culp management team in years:

11.6
Average Tenure
56
Average Age
  • The average tenure for the Culp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Frank Saxon

TITLE
Vice Chairman
COMPENSATION
$2M
AGE
66
TENURE
12 yrs

Kenneth Bowling

TITLE
Senior VP
COMPENSATION
$507K
AGE
56
TENURE
12 yrs

Robert Culp

TITLE
COO & President of Culp Home Fashions Division
COMPENSATION
$794K
AGE
47
TENURE
0.6 yrs

Boyd Chumbley

TITLE
President of Culp Upholstery Fabrics Division
COMPENSATION
$691K
AGE
61
TENURE
4.8 yrs

Teresa Huffman

TITLE
Vice President of Human Resources
TENURE
11.3 yrs

Paul Saunders

TITLE
Chief Executive Officer of eLuxury

Thomas Gallagher

TITLE
Corporate Controller
COMPENSATION
$239K
AGE
46
TENURE
11.9 yrs
Board of Directors Tenure

Average tenure and age of the Culp board of directors in years:

3.3
Average Tenure
68
Average Age
  • The tenure for the Culp board of directors is about average.
Board of Directors

Frank Saxon

TITLE
Vice Chairman
COMPENSATION
$2M
AGE
66
TENURE
0.6 yrs

Ken McAllister

TITLE
Lead Director
COMPENSATION
$95K
AGE
69
TENURE
12.7 yrs

Kenny Larson

TITLE
Director
COMPENSATION
$90K
AGE
75
TENURE
14.7 yrs

Fred Jackson

TITLE
Director
COMPENSATION
$90K
AGE
68
TENURE
3.3 yrs

Sharon Decker

TITLE
Independent Director
AGE
61
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Culp insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Mar 19 Buy Kenneth McAllister Individual 11. Mar 19 11. Mar 19 2,000 $17.50 $35,000
13. Mar 19 Buy Fred Jackson Individual 11. Mar 19 11. Mar 19 3,000 $17.57 $52,701
03. Jul 18 Buy Fred Jackson Individual 29. Jun 18 29. Jun 18 5,000 $25.32 $126,600
X
Management checks
We assess Culp'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. Culp 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

Does Culp, Inc. (NYSE:CULP) Have A Good P/E Ratio?

See our latest analysis for Culp How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Culp: P/E of 12.42 = $19.62 ÷ $1.58 (Based on the year to January 2019.) Is A High Price-to-Earnings Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Growth Rates Impact P/E Ratios Probably the most important factor in determining what P/E a company trades on is the earnings growth.

Simply Wall St -

What Did Culp, Inc.'s (NYSE:CULP) CEO Take Home Last Year?

First, this article will compare CEO compensation with compensation at similar sized companies. … And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. … How Does Frank Saxon's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Why We’re Not Keen On Culp, Inc.’s (NYSE:CULP) 11% Return On Capital

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Read This Before Selling Culp, Inc. (NYSE:CULP) Shares

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. … Happily, we note that in the last year insiders bought 10000 shares for a total of US$214k.

Simply Wall St -

The Culp (NYSE:CULP) Share Price Is Down 43% So Some Shareholders Are Getting Worried

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the unfortunate twelve months during which the Culp share price fell, it actually saw its earnings per share (EPS) improve by 35%. … Many investors see falling revenue as a likely precursor to lower earnings, so this could well explain the weak share price.

Simply Wall St -

How Does Culp, Inc.'s (NYSE:CULP) Earnings Growth Stack Up Against Industry Performance?

In this article, I will take a look at Culp, Inc.'s (NYSE:CULP) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Check out our latest analysis for Culp? … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 2.9%, indicating the rate at which CULP is growing has accelerated

Simply Wall St -

An Intrinsic Calculation For Culp, Inc. (NYSE:CULP) Shows It's 26.68% Undervalued

by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

A Holistic Look At Culp, Inc. (NYSE:CULP)

(NYSE:CULP) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company that has been able to sustain great financial health, trading at an attractive share price

Simply Wall St -

Something To Consider Before Buying Culp, Inc. (NYSE:CULP) For The 2.2% Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … (NYSE:CULP) has paid a dividend to shareholders. … Let's take a look at Culp in more detail.

Simply Wall St -

Is Culp, Inc.'s (NYSE:CULP) P/E Ratio Really That Good?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Culp, Inc.'s (NYSE:CULP) P/E ratio and reflect on what it tells us about the company's share price. … Culp has a price to earnings ratio of 14.87, based on the last twelve months.

Simply Wall St -

Company Info

Description

Culp, Inc. manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and top of bed components. The Upholstery Fabrics segment provides jacquard woven fabrics, velvets, micro denier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane fabrics for use in the production of residential and commercial upholstered furniture, such as sofas, recliners, chairs, loveseats, sectionals, and sofa-beds, as well as office seating and window treatment products; and installation services. Culp, Inc. was founded in 1972 and is headquartered in High Point, North Carolina.

Details
Name: Culp, Inc.
CULP
Exchange: NYSE
Founded: 1972
$227,455,115
12,368,413
Website: http://www.culp.com
Address: Culp, Inc.
1823 Eastchester Drive,
High Point,
North Carolina, 27265,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CULP Common Shares New York Stock Exchange US USD 30. Aug 1983
Number of employees
Current staff
Staff numbers
1,392
Culp employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:36
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/03/08
Last earnings reported: 2019/01/27
Last annual earnings reported: 2018/04/29


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.