Market Cap
US$84.4m
Last Updated
2020/05/28 01:43 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Culp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CULP's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.7%
CULP
6.1%
US Luxury
2.0%
US Market
1 Year Return
-60.6%
CULP
3.2%
US Luxury
7.1%
US Market
Return vs Industry: CULP underperformed the US Luxury industry which returned 3.2% over the past year.
Return vs Market: CULP underperformed the US Market which returned 7.1% over the past year.
Shareholder returns
| CULP | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.7% | 6.1% | 2.0% |
| 30 Day | -2.8% | 9.8% | 6.0% |
| 90 Day | -24.6% | 0.8% | -0.05% |
| 1 Year | -59.2%-60.6% | 4.5%3.2% | 9.5%7.1% |
| 3 Year | -77.3%-78.9% | 54.4%46.9% | 30.7%22.1% |
| 5 Year | -71.9%-74.8% | 31.7%23.0% | 55.6%38.0% |
Price Volatility Vs. Market
How volatile is Culp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Before You Buy Culp, Inc. (NYSE:CULP), Consider Its Volatility2 months ago | Simply Wall St
What Is Culp's (NYSE:CULP) P/E Ratio After Its Share Price Tanked?3 months ago | Simply Wall St
Is Culp, Inc. (NYSE:CULP) Overpaying Its CEO?Valuation
Is Culp undervalued compared to its fair value and its price relative to the market?
5.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CULP ($6.88) is trading below our estimate of fair value ($7.32)
Significantly Below Fair Value: CULP is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CULP is poor value based on its PE Ratio (38.6x) compared to the Luxury industry average (14.4x).
PE vs Market: CULP is poor value based on its PE Ratio (38.6x) compared to the US market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: CULP is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: CULP is good value based on its PB Ratio (0.5x) compared to the US Luxury industry average (0.9x).
Next Steps
Future Growth
How is Culp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
55.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CULP's forecast earnings growth (55.7% per year) is above the savings rate (2.2%).
Earnings vs Market: CULP's earnings (55.7% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CULP's revenue (1.6% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: CULP's revenue (1.6% 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 CULP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Culp performed over the past 5 years?
-12.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CULP has a large one-off loss of $7.4M impacting its February 2 2020 financial results.
Growing Profit Margin: CULP's current net profit margins (0.8%) are lower than last year (6.2%).
Past Earnings Growth Analysis
Earnings Trend: CULP's earnings have declined by -12.2% per year over the past 5 years.
Accelerating Growth: CULP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CULP had negative earnings growth (-88.2%) over the past year, making it difficult to compare to the Luxury industry average (-7.9%).
Return on Equity
High ROE: CULP's Return on Equity (-1.5%) is considered low.
Next Steps
Financial Health
How is Culp's financial position?
Financial Position Analysis
Short Term Liabilities: CULP's short term assets ($120.9M) exceed its short term liabilities ($32.8M).
Long Term Liabilities: CULP's short term assets ($120.9M) exceed its long term liabilities ($17.4M).
Debt to Equity History and Analysis
Debt Level: CULP's debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: CULP's debt to equity ratio has reduced from 1.9% to 0.6% over the past 5 years.
Debt Coverage: CULP's debt is well covered by operating cash flow (569.6%).
Interest Coverage: CULP earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Culp's current dividend yield, its reliability and sustainability?
6.10%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CULP's dividend (6.1%) is higher than the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: CULP's dividend (6.1%) is in the top 25% of dividend payers in the US market (4.54%)
Stability and Growth of Payments
Stable Dividend: CULP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CULP's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (227%), CULP'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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.0yrs
Average management tenure
CEO
Robert Culp (48yo)
0.33
Tenure
US$609,392
Compensation
Mr. Robert G. Culp, IV, serves as Chief Executive Officer at Culp, Inc. since January 1, 2020 and its President and Chief Operating Officer since March 06, 2019 and October 01, 2018 respectively and Direct ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD609.39K) is about average for companies of similar size in the US market ($USD589.04K).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.08yrs | US$1.11m | 0.88% $743.3k | |
| President | 0.33yr | US$609.39k | 2.05% $1.7m | |
| Executive VP | 13yrs | US$435.03k | 0.20% $166.4k | |
| President of Culp Upholstery Fabrics Division | 5.75yrs | US$667.44k | 0.35% $295.6k | |
| Corporate Controller | 12.92yrs | US$213.33k | no data | |
| VP, General Counsel & Corporate Secretary | 1.33yrs | no data | 0.041% $34.3k | |
| Vice President of Human Resources | 12.25yrs | no data | no data | |
| Chief Executive Officer of eLuxury | no data | no data | no data |
9.0yrs
Average Tenure
52.5yo
Average Age
Experienced Management: CULP's management team is seasoned and experienced (9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.08yrs | US$1.11m | 0.88% $743.3k | |
| President | 0.33yr | US$609.39k | 2.05% $1.7m | |
| Director | 4.33yrs | US$102.82k | 0.24% $205.9k | |
| Independent Lead Director | 13.67yrs | US$105.32k | 0.28% $237.1k | |
| Independent Director | 1.17yrs | US$27.50k | 0.044% $36.9k | |
| Independent Director | 15.67yrs | US$97.82k | 0.14% $121.7k | |
| Independent Director | 0.83yr | no data | 0.038% $32.0k |
1.2yrs
Average Tenure
67yo
Average Age
Experienced Board: CULP's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CULP 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
Culp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Culp, Inc.
- Ticker: CULP
- Exchange: NYSE
- Founded: 1972
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: US$84.448m
- Shares outstanding: 12.27m
- Website: https://www.culp.com
Number of Employees
Location
- Culp, Inc.
- 1823 Eastchester Drive
- High Point
- North Carolina
- 27265
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CULP | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Aug 1983 |
| CUZ | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Aug 1983 |
Biography
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 Mattress Fabrics, Upholstery Fabrics, and Home Accessories segments. 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. The Home Accessories segment offers bedding accessories and home goods comprising mattress pads, mattress protectors, sheet sets, pillows, comforters, duvet covers, towels, fabric by the yard, and dog beds through e-commerce and business-to-business sales channels. Culp, Inc. was founded in 1972 and is headquartered in High Point, North Carolina.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/28 01:43 |
| End of Day Share Price | 2020/05/27 00:00 |
| Earnings | 2020/02/02 |
| Annual Earnings | 2019/04/28 |
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.