Carriage Services
Market Cap
US$381.0m
Last Updated
2019/10/22 23:32 UTC
Data Sources
Company Financials +
Executive Summary
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States.
Snowflake
Fundamentals
Moderate growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has Carriage Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.5%
CSV
-3.3%
US Consumer Services
0.07%
US Market
1 Year Return
10.0%
CSV
25.0%
US Consumer Services
8.9%
US Market
Return vs Industry: CSV underperformed the US Consumer Services industry which returned 25% over the past year.
Return vs Market: CSV exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| CSV | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -3.3% | 0.07% |
| 30 Day | -1.7% | -3.6% | -0.3% |
| 90 Day | 13.9% | -4.6% | -1.6% |
| 1 Year | 11.8%10.0% | 25.6%25.0% | 11.3%8.9% |
| 3 Year | -8.7%-11.8% | 97.1%86.6% | 46.3%36.8% |
| 5 Year | 16.4%11.2% | 130.9%106.8% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Carriage Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall St
Could The Carriage Services, Inc. (NYSE:CSV) Ownership Structure Tell Us Something Useful?10 months ago | Simply Wall St
Why Carriage Services, Inc.’s (NYSE:CSV) Return On Capital Employed Looks Uninspiring1 year ago | Simply Wall St
How Did Carriage Services Inc's (NYSE:CSV) 16% ROE Fare Against The Industry?Valuation
Is Carriage Services undervalued compared to its fair value and its price relative to the market?
38.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CSV ($21.39) is trading below our estimate of fair value ($34.61)
Significantly Below Fair Value: CSV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CSV is poor value based on its PE Ratio (36.3x) compared to the Consumer Services industry average (25.8x).
PE vs Market: CSV is poor value based on its PE Ratio (36.3x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: CSV is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: CSV is good value based on its PB Ratio (1.7x) compared to the US Consumer Services industry average (2.2x).
Next Steps
Future Growth
How is Carriage Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
28.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSV's forecast earnings growth (28.6% per year) is above the savings rate (2.7%).
Earnings vs Market: CSV's earnings (28.6% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CSV's revenue (3% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: CSV's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CSV's Return on Equity is forecast to be low in 3 years time (10.9%).
Next Steps
Past Performance
How has Carriage Services performed over the past 5 years?
7.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CSV's earnings have grown by 7.5% per year over the past 5 years.
Accelerating Growth: CSV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CSV had negative earnings growth (-71.1%) over the past year, making it difficult to compare to the Consumer Services industry average (3.9%).
Return on Equity
High ROE: CSV's Return on Equity (4.9%) is considered low.
Return on Assets
ROA vs Industry: CSV's Return on Assets is below or equal to the Consumer Services industry average last year.
Return on Capital Employed
ROCE Improving: CSV's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Carriage Services's financial position?
Financial Position Analysis
Short Term Liabilities: CSV's short term assets ($25.6M) do not cover its short term liabilities ($32.5M)
Long Term Liabilities: CSV's short term assets (25.6M) do not cover its long term liabilities (700.4M)
Debt to Equity History and Analysis
Debt Level: CSV's debt to equity ratio (159.1%) is considered high
Reducing Debt: CSV's debt to equity ratio has reduced from 166.2% to 159.1% over the past 5 years.
Debt Coverage: CSV's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: CSV's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
Inventory Level: CSV has a high level of physical assets or inventory.
Debt Coverage by Assets: CSV's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Carriage Services's current dividend yield, its reliability and sustainability?
1.40%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CSV's dividend (1.4%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: CSV's dividend (1.4%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: Whilst dividend payments have been stable, CSV has been paying a dividend for less than 10 years.
Growing Dividend: CSV's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.9%), CSV's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CSV's dividends in 3 years are forecast to be well covered by earnings (18.3% payout ratio).
Next Steps
Management
What is the CEO of Carriage Services's salary, the management and board of directors tenure and is there insider trading?
1.5yrs
Average management tenure
CEO
Mel Payne (76yo)
28.8yrs
Tenure
US$2,379,270
Compensation
Mr. Melvin C. Payne, also known as Mel, is a Chief Operating Officer of Carriage Services, Inc. since November 01, 2018 and he has been founded in 1991, has been Executive Chairman since December 1996 and ...
CEO Compensation Analysis
Compensation vs. Market: Mel's total compensation ($USD2.38M) is above average for companies of similar size in the US market ($USD1.81M).
Compensation vs Earnings: Mel's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.5yrs
Average Tenure
53yo
Average Age
Experienced Management: CSV's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Age and Tenure
5.7yrs
Average Tenure
62.5yo
Average Age
Experienced Board: CSV's board of directors are considered experienced (5.7 years average tenure).
Insider Trading
Insider Buying: CSV insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$22.58 |
| Entity | Individual |
| Role | Chief Financial Officer CFO, Senior VP & Treasurer |
| Shares | 935 |
| Max Price | US$22.78 |
| Entity | Individual |
| Shares | 320 |
| Max Price | US$18.65 |
| Entity | Individual |
| Shares | 436 |
| Max Price | US$20.73 |
| Entity | Individual |
| Role | Chief Financial Officer CFO, Senior VP & Treasurer |
| Shares | 395 |
| Max Price | US$19.13 |
| Entity | Individual |
| Role | Controller Corporate Controller |
| Shares | 541 |
| Max Price | US$19.13 |
| Entity | Individual |
| Role | Head of Corporate Development Senior VP and Head of Strategic & Corporate Development |
| Shares | 438 |
| Max Price | US$19.13 |
| Entity | Individual |
| Role | Co-Chief Financial Officer Principal Financial Officer |
| Shares | 395 |
| Max Price | US$19.13 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,200 |
| Max Price | US$16.00 |
| Entity | Individual |
| Role | Head of Corporate Development Senior VP and Head of Strategic & Corporate Development |
| Shares | 4,384 |
| Max Price | US$16.07 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,700 |
| Max Price | US$16.80 |
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 15,349 |
| Max Price | US$17.13 |
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 68,651 |
| Max Price | US$17.07 |
| Entity | Individual |
| Role | Chief Financial Officer CFO, Senior VP & Treasurer |
| Shares | 4,500 |
| Max Price | US$17.05 |
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 66,000 |
| Max Price | US$16.08 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,000 |
| Max Price | US$16.17 |
| Entity | Individual |
| Role | Member of the Board of Directors Independence Director |
| Shares | 719 |
| Max Price | US$15.41 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 6,000 |
| Max Price | US$15.84 |
Ownership Breakdown
Management Team
Mel Payne (76yo)
Founder
- Tenure: 28.8yrs
- Compensation: US$2.38m
Shawn Phillips (56yo)
Senior VP and Head of Strategic & Corporate Development
- Tenure: 2.7yrs
- Compensation: US$864.09k
Viki Blinderman (50yo)
Principal Financial Officer
- Tenure: 4.2yrs
- Compensation: US$820.03k
Paul Elliott (58yo)
Senior VP & Regional Partner of West
- Tenure: 7.1yrs
- Compensation: US$873.67k
Ben Brink (38yo)
CFO, Senior VP & Treasurer
- Tenure: 0yrs
- Compensation: US$831.56k
Adeola Olaniyan (40yo)
Corporate Controller
- Tenure: 0yrs
Peggy Schappaugh
Director of Operations & Acquisitions Analysis
- Tenure: 0.3yrs
Michael Loeffel
Vice President of Human Resources
- Tenure: 0.3yrs
Steve Metzger
Senior VP & General Counsel
- Tenure: 0.3yrs
Christopher Manceaux
Senior VP & Regional Partner
- Tenure: 0.3yrs
Board Members
Barry Fingerhut (73yo)
Independent Director
- Tenure: 7.6yrs
- Compensation: US$80.00k
Mel Payne (76yo)
Founder
- Tenure: 28.8yrs
- Compensation: US$2.38m
Donald Patteson (74yo)
Independent Director
- Tenure: 8.2yrs
- Compensation: US$85.00k
Bryan Leibman (50yo)
Lead Director
- Tenure: 3.8yrs
- Compensation: US$85.00k
James Schenck (52yo)
Independent Director
- Tenure: 3.8yrs
- Compensation: US$80.00k
Douglas Meehan (47yo)
Independence Director
- Tenure: 1.4yrs
- Compensation: US$71.98k
Company Information
Carriage Services, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Carriage Services, Inc.
- Ticker: CSV
- Exchange: NYSE
- Founded: 1991
- Industry: Specialized Consumer Services
- Sector: Consumer Services
- Market Cap: US$381.004m
- Shares outstanding: 17.81m
- Website: https://www.carriageservices.com
Number of Employees
Location
- Carriage Services, Inc.
- 3040 Post Oak Boulevard
- Suite 300
- Houston
- Texas
- 77056
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CSV | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Aug 1996 |
| C57 | BST (Boerse-Stuttgart) | Yes | Common Shares | DE | EUR | Aug 1996 |
Biography
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Ope ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 23:32 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.