Carriage Services
Market Cap
US$457.3m
Last Updated
2020/10/29 00:05 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.1%
CSV
-6.8%
US Consumer Services
-4.6%
US Market
1 Year Return
-1.0%
CSV
30.8%
US Consumer Services
11.5%
US Market
Return vs Industry: CSV underperformed the US Consumer Services industry which returned 36.2% over the past year.
Return vs Market: CSV underperformed the US Market which returned 15.6% over the past year.
Shareholder returns
| CSV | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | -6.8% | -4.6% |
| 30 Day | 16.9% | -4.8% | -0.9% |
| 90 Day | 15.3% | -5.4% | 2.2% |
| 1 Year | 0.5%-1.0% | 31.1%30.8% | 14.0%11.5% |
| 3 Year | 2.6%-1.7% | 58.0%52.3% | 34.5%25.6% |
| 5 Year | 17.5%11.2% | 238.1%214.0% | 73.0%53.6% |
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 days ago | Simply Wall St
Is Carriage Services, Inc.'s (NYSE:CSV) 2.3% ROE Worse Than Average?2 weeks ago | Simply Wall St
What Do The Returns On Capital At Carriage Services (NYSE:CSV) Tell Us?3 weeks ago | Simply Wall St
Carriage Services, Inc. (NYSE:CSV) Shares Could Be 40% Below Their Intrinsic Value EstimateValuation
Is Carriage Services undervalued compared to its fair value and its price relative to the market?
6.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CSV ($24.26) is trading below our estimate of fair value ($39.29)
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 (81x) compared to the US Consumer Services industry average (45.1x).
PE vs Market: CSV is poor value based on its PE Ratio (81x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: CSV is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: CSV is good value based on its PB Ratio (1.9x) compared to the US Consumer Services industry average (2.7x).
Next Steps
Future Growth
How is Carriage Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
58.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSV's forecast earnings growth (97.3% per year) is above the savings rate (2.2%).
Earnings vs Market: CSV's earnings (97.3% per year) are forecast to grow faster than the US market (22.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CSV's revenue (6.2% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: CSV's revenue (6.2% 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
Next Steps
Past Performance
How has Carriage Services performed over the past 5 years?
-14.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSV has a large one-off loss of $20.3M impacting its June 30 2020 financial results.
Growing Profit Margin: CSV's current net profit margins (1.8%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: CSV's earnings have declined by 12.1% 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 (-51%) over the past year, making it difficult to compare to the Consumer Services industry average (3%).
Return on Equity
High ROE: CSV's Return on Equity (2.3%) is considered low.
Next Steps
Financial Health
How is Carriage Services's financial position?
Financial Position Analysis
Short Term Liabilities: CSV's short term assets ($40.2M) do not cover its short term liabilities ($40.9M).
Long Term Liabilities: CSV's short term assets ($40.2M) do not cover its long term liabilities ($865.3M).
Debt to Equity History and Analysis
Debt Level: CSV's debt to equity ratio (217.3%) is considered high.
Reducing Debt: CSV's debt to equity ratio has increased from 151.1% to 217.3% over the past 5 years.
Debt Coverage: CSV's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: CSV's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Next Steps
Dividend
What is Carriage Services's current dividend yield, its reliability and sustainability?
1.37%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CSV's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: CSV's dividend (1.44%) is low compared to the top 25% of dividend payers in the US market (4.63%).
Stability and Growth of Payments
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 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.2%), CSV'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?
3.6yrs
Average management tenure
CEO
Mel Payne (77 yo)
29.75yrs
Tenure
US$2,042,675
Compensation
Mr. Melvin C. Payne, also known as Mel, serves as President, Chairman of the Board and Chief Executive Officer in Carriage Services Investment Advisors, Inc. Mr. Payne was Chief Operating Officer of Carria ...
CEO Compensation Analysis
Compensation vs Market: Mel's total compensation ($USD2.04M) is about average for companies of similar size in the US market ($USD1.93M).
Compensation vs Earnings: Mel's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 29.75yrs | US$2.04m | 7.08% $ 32.4m | |
| CFO, Senior VP & Treasurer | no data | US$513.35k | 0.13% $ 593.5k | |
| Senior VP | 8.08yrs | US$497.99k | 0.082% $ 374.0k | |
| Senior VP | 3.58yrs | US$495.63k | 0.43% $ 2.0m | |
| Senior VP & Regional Partner of West | 8.08yrs | US$496.11k | 0.17% $ 790.9k | |
| Senior VP & General Counsel | 1.25yrs | no data | 0.018% $ 82.8k | |
| Senior Vice President of Human Resources | 3yrs | no data | 0.13% $ 581.7k | |
| Senior VP & Regional Partner | 1.25yrs | no data | 0.054% $ 247.7k | |
| Corporate Controller | no data | no data | 0.033% $ 151.5k |
3.6yrs
Average Tenure
49yo
Average Age
Experienced Management: CSV's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 29.75yrs | US$2.04m | 7.08% $ 32.4m | |
| Independent Director | 8.58yrs | US$80.00k | 0.095% $ 432.2k | |
| Advisor to the Board | no data | US$147.97k | 0.14% $ 658.1k | |
| Independent Director | 9.17yrs | US$85.00k | 0.33% $ 1.5m | |
| Independent Lead Director | 4.75yrs | US$85.00k | 0.18% $ 802.2k | |
| Independent Director | 4.75yrs | US$80.00k | 0.12% $ 531.8k | |
| Independent Director | 0.25yr | no data | 0.016% $ 75.4k | |
| Independence Director | 2.42yrs | US$75.00k | 0.075% $ 342.7k |
4.8yrs
Average Tenure
64yo
Average Age
Experienced Board: CSV's board of directors are considered experienced (4.8 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$457.315m
- Shares outstanding: 17.93m
- 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 | 2020/10/29 00:05 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.