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CSV

Carriage ServicesNYSE:CSV Stock Report

Market Cap

US$907.7m

7D

6.6%

1Y

91.0%

Updated

07 Dec, 2021

Data

Company Financials +
CSV fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health1/6
Dividends3/6

CSV Stock Overview

Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States.

Carriage Services Competitors

Service Corporation International

NYSE:SCI

US$11.3b

StoneMor

NYSE:STON

US$291.6m

Hillenbrand

NYSE:HI

US$3.6b

Matthews International

NasdaqGS:MATW

US$1.2b

Price History & Performance

Summary of all time highs, changes and price drops for Carriage Services
Historical stock prices
Current Share PriceUS$54.51
52 Week HighUS$55.02
52 Week LowUS$28.23
Beta0.87
1 Month Change11.25%
3 Month Change16.70%
1 Year Change91.00%
3 Year Change238.36%
5 Year Change89.27%
Change since IPO230.36%

Recent News & Updates

Dec 06

Carriage Services: A Growth Trade Now Seen As Good Value By Market-Makers

Look for surprise values in underpriced stocks. Not the story issues being ballyhooed by touts and the media – everyone knows them. The hidden values are ones found by experienced professional researchers who know the details of industry group issues and their special strengths. They know when to add them to their institutional employer’s multi-billion-$ portfolio. Like when suddenly forced Market-Maker liquidity requires price protection by hedging. The cost and structure of that price-change insurance for the MM, a “trade liquidity requirement” paid by the institutional investor buyer, tells how far the stock’s prices may go. For investor portfolios where wealth-building is a principal objective, this is the place to find near-term capital gain reliability.

Oct 29
Carriage Services, Inc.'s (NYSE:CSV) Intrinsic Value Is Potentially 88% Above Its Share Price

Carriage Services, Inc.'s (NYSE:CSV) Intrinsic Value Is Potentially 88% Above Its Share Price

Does the October share price for Carriage Services, Inc. ( NYSE:CSV ) reflect what it's really worth? Today, we will...

Shareholder Returns

CSVUS Consumer ServicesUS Market
7D6.6%-2.3%-2.6%
1Y91.0%-63.3%17.8%

Return vs Industry: CSV exceeded the US Consumer Services industry which returned -63.5% over the past year.

Return vs Market: CSV exceeded the US Market which returned 16.5% over the past year.

Price Volatility

Is CSV's price volatile compared to industry and market?
CSV volatility
CSV Average Weekly Movement5.3%
Consumer Services Industry Average Movement8.4%
Market Average Movement6.2%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: CSV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CSV's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19911,922Mel Paynehttps://www.carriageservices.com

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 Operations segment engages in the provision of consultation, funeral home facilities for visitation and memorial services, and transportation services; removal and preparation of remains; and sale of caskets and related funeral merchandise.

Carriage Services Fundamentals Summary

How do Carriage Services's earnings and revenue compare to its market cap?
CSV fundamental statistics
Market CapUS$907.71m
Earnings (TTM)US$28.12m
Revenue (TTM)US$370.04m

32.3x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSV income statement (TTM)
RevenueUS$370.04m
Cost of RevenueUS$230.06m
Gross ProfitUS$139.98m
ExpensesUS$111.86m
EarningsUS$28.12m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.69
Gross Margin37.83%
Net Profit Margin7.60%
Debt/Equity Ratio252.0%

How did CSV perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

25%

Payout Ratio

Valuation

Is Carriage Services undervalued compared to its fair value and its price relative to the market?

40.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CSV ($54.51) is trading below our estimate of fair value ($91.7)

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 (32.3x) compared to the US Consumer Services industry average (14.1x).

PE vs Market: CSV is poor value based on its PE Ratio (32.3x) compared to the US market (16.8x).


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 (4.7x) 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?

61.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSV's forecast earnings growth (61.8% per year) is above the savings rate (2%).

Earnings vs Market: CSV's earnings (61.8% per year) are forecast to grow faster than the US market (13.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CSV's revenue (3.1% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: CSV's revenue (3.1% 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?

-8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSV has a large one-off loss of $27.1M impacting its September 30 2021 financial results.

Growing Profit Margin: CSV's current net profit margins (7.6%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: CSV's earnings have declined by 8.7% per year over the past 5 years.

Accelerating Growth: CSV's earnings growth over the past year (174.1%) exceeds its 5-year average (-8.7% per year).

Earnings vs Industry: CSV earnings growth over the past year (174.1%) exceeded the Consumer Services industry -1%.


Return on Equity

High ROE: CSV's Return on Equity (14.6%) is considered low.


Financial Health

How is Carriage Services's financial position?


Financial Position Analysis

Short Term Liabilities: CSV's short term assets ($36.9M) do not cover its short term liabilities ($60.7M).

Long Term Liabilities: CSV's short term assets ($36.9M) do not cover its long term liabilities ($910.8M).


Debt to Equity History and Analysis

Debt Level: CSV's net debt to equity ratio (251.4%) is considered high.

Reducing Debt: CSV's debt to equity ratio has increased from 189.5% to 252% over the past 5 years.

Debt Coverage: CSV's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: CSV's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Dividend

What is Carriage Services's current dividend yield, its reliability and sustainability?

0.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CSV's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: CSV's dividend (0.83%) is low compared to the top 25% of dividend payers in the US market (3.62%).


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 (25.4%), 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?

4.5yrs

Average management tenure


CEO

Mel Payne (78 yo)

30.92yrs

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 ($USD2.36M) is about average for companies of similar size in the US market ($USD2.35M).

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 (4.5 years average tenure).


Board Members

Experienced Board: CSV's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 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$907.714m
  • Shares outstanding: 16.65m
  • Website: https://www.carriageservices.com

Number of Employees


Location

  • Carriage Services, Inc.
  • 3040 Post Oak Boulevard
  • Suite 300
  • Houston
  • Texas
  • 77056
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/07 00:20
End of Day Share Price2021/12/06 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.