Carriage Services
Market Cap
US$676.7m
Last Updated
2021/07/31 05:40 UTC
Data Sources
Company Financials +
Executive Summary
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
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
Stable Share Price: CSV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CSV's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
3.7%
CSV
-2.0%
US Consumer Services
-0.5%
US Market
1 Year Return
68.2%
CSV
-50.8%
US Consumer Services
35.9%
US Market
Return vs Industry: CSV exceeded the US Consumer Services industry which returned -50.8% over the past year.
Return vs Market: CSV exceeded the US Market which returned 35.9% over the past year.
Shareholder returns
| CSV | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.7% | -2.0% | -0.5% |
| 30 Day | 1.7% | -21.9% | 0.3% |
| 90 Day | 0% | -42.3% | 3.1% |
| 1 Year | 70.3%68.2% | -50.6%-50.8% | 38.0%35.9% |
| 3 Year | 65.2%58.3% | -23.4%-26.4% | 62.9%52.7% |
| 5 Year | 66.8%56.9% | 61.5%50.4% | 121.7%97.3% |
Long-Term 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
1 month ago | Simply Wall St
Should You Think About Buying Carriage Services, Inc. (NYSE:CSV) Now?2 months ago | Simply Wall St
Should You Be Impressed By Carriage Services, Inc.'s (NYSE:CSV) ROE?Valuation
Is Carriage Services undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CSV ($37.18) is trading below our estimate of fair value ($79.87)
Significantly Below Fair Value: CSV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CSV is poor value based on its PE Ratio (32.4x) compared to the US Consumer Services industry average (16.5x).
PE vs Market: CSV is poor value based on its PE Ratio (32.4x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: CSV is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: CSV is overvalued based on its PB Ratio (2.9x) compared to the US Consumer Services industry average (1.8x).
Future Growth
How is Carriage Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
65.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSV's forecast earnings growth (65.8% per year) is above the savings rate (2%).
Earnings vs Market: CSV's earnings (65.8% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CSV's revenue (1.2% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: CSV's revenue (1.2% 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 CSV's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Carriage Services performed over the past 5 years?
-11.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSV has a large one-off loss of $31.4M impacting its June 30 2021 financial results.
Growing Profit Margin: CSV's current net profit margins (5.7%) are higher than last year (1.8%).
Past Earnings Growth Analysis
Earnings Trend: CSV's earnings have declined by 11% per year over the past 5 years.
Accelerating Growth: CSV's earnings growth over the past year (286.8%) exceeds its 5-year average (-11% per year).
Earnings vs Industry: CSV earnings growth over the past year (286.8%) exceeded the Consumer Services industry 55.3%.
Return on Equity
High ROE: CSV's Return on Equity (8.9%) is considered low.
Financial Health
How is Carriage Services's financial position?
Financial Position Analysis
Short Term Liabilities: CSV's short term assets ($35.5M) do not cover its short term liabilities ($48.5M).
Long Term Liabilities: CSV's short term assets ($35.5M) do not cover its long term liabilities ($887.6M).
Debt to Equity History and Analysis
Debt Level: CSV's debt to equity ratio (196.9%) is considered high.
Reducing Debt: CSV's debt to equity ratio has increased from 194.6% to 196.9% over the past 5 years.
Debt Coverage: CSV's debt is well covered by operating cash flow (20.4%).
Interest Coverage: CSV's interest payments on its debt are not well covered by EBIT (3x coverage).
Balance Sheet
Dividend
What is Carriage Services's current dividend yield, its reliability and sustainability?
1.08%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CSV's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: CSV's dividend (1.08%) is low compared to the top 25% of dividend payers in the US market (3.54%).
Stability and Growth of Payments
Stable Dividend: CSV's dividends per share have been stable in the past 10 years.
Growing Dividend: CSV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.7%), CSV's dividend payments are 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?
4.0yrs
Average management tenure
CEO
Mel Payne (78 yo)
30.5yrs
Tenure
US$2,355,678
Compensation
Mr. Melvin C. Payne, also known as Mel, serves as President, Chairman of the Board and Chief Executive Officer in Carriage Services Investment Advisors, Inc. Mr. Payne was Chief Operating Officer of Carria...
CEO Compensation Analysis
Compensation vs Market: Mel's total compensation ($USD2.36M) is about average for companies of similar size in the US market ($USD2.42M).
Compensation vs Earnings: Mel's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CSV's management team is considered experienced (4 years average tenure).
Board Members
Experienced Board: CSV's board of directors are considered experienced (7.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CSV 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
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$676.676m
- Shares outstanding: 18.20m
- Website: https://www.carriageservices.com
Number of Employees
Location
- Carriage Services, Inc.
- 3040 Post Oak Boulevard
- Suite 300
- Houston
- Texas
- 77056
- United States
Listings
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 | 2021/07/31 05:40 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.