Financials Carriage Services, Inc.

Equities

CSV

US1439051079

Personal Services

Real-time Estimate Cboe BZX 12:25:20 2024-04-17 pm EDT 5-day change 1st Jan Change
23.57 USD -0.72% Intraday chart for Carriage Services, Inc. -1.41% -4.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 456.3 562.8 1,073 405.2 374.7 359.7 -
Enterprise Value (EV) 1 456.3 562.8 1,073 1,013 977.8 897.9 847.3
P/E ratio 32 x 35.2 x 35.6 x 10.5 x 11.7 x 10.5 x 9.23 x
Yield 1.17% 1.08% 0.64% - - - -
Capitalization / Revenue 1.66 x 1.71 x 2.85 x 1.09 x 0.98 x 0.93 x 0.91 x
EV / Revenue 1.66 x 1.71 x 2.85 x 2.74 x 2.56 x 2.33 x 2.13 x
EV / EBITDA 5.96 x 5.4 x 8.51 x 9.27 x 8.64 x 7.93 x 7.22 x
EV / FCF 16.4 x 8.31 x 18.1 x 29 x 17 x 16.3 x 14.6 x
FCF Yield 6.1% 12% 5.53% 3.45% 5.89% 6.12% 6.85%
Price to Book 2.06 x - - 2.96 x 2.23 x 1.85 x 1.59 x
Nbr of stocks (in thousands) 17,826 17,970 16,652 14,715 14,981 15,150 -
Reference price 2 25.60 31.32 64.44 27.54 25.01 23.74 23.74
Announcement Date 2/19/20 2/17/21 2/23/22 2/22/23 2/21/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 274.1 329.4 375.9 370.2 382.5 385.6 397.2
EBITDA 1 76.59 104.2 126.2 109.3 113.2 113.2 117.4
EBIT 1 52.29 57.23 93.66 79.73 80.98 84.04 89.81
Operating Margin 19.08% 17.37% 24.92% 21.54% 21.17% 21.79% 22.61%
Earnings before Tax (EBT) 1 22.42 24.64 44.3 57.19 46.43 49.21 56.98
Net income 1 14.53 16.09 33.16 41.38 33.41 35.33 40.56
Net margin 5.3% 4.88% 8.82% 11.18% 8.73% 9.16% 10.21%
EPS 2 0.8000 0.8900 1.810 2.630 2.140 2.258 2.573
Free Cash Flow 1 27.84 67.72 59.36 34.94 57.55 54.96 58.06
FCF margin 10.16% 20.55% 15.79% 9.44% 15.05% 14.25% 14.62%
FCF Conversion (EBITDA) 36.35% 64.96% 47.05% 31.97% 50.85% 48.54% 49.47%
FCF Conversion (Net income) 191.54% 420.86% 179.03% 84.44% 172.24% 155.56% 143.16%
Dividend per Share 0.3000 0.3375 0.4125 - - - -
Announcement Date 2/19/20 2/17/21 2/23/22 2/22/23 2/21/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 95.04 95.93 98.16 90.6 87.5 93.92 95.51 97.68 90.49 98.83 98.8 95.6 92.83 98.4
EBITDA 1 32.39 30.4 32.48 25.32 22.86 28.66 27.78 28.69 24.26 32.44 29.29 27.3 25.99 30.64
EBIT 1 23.26 23.22 25.15 19.72 15.22 19.63 20.63 20.74 15.69 23.92 22.21 20.71 19.22 22.17
Operating Margin 24.48% 24.21% 25.62% 21.77% 17.4% 20.9% 21.6% 21.23% 17.33% 24.2% 22.48% 21.67% 20.7% 22.53%
Earnings before Tax (EBT) 1 18.17 17.92 21.48 15.12 8.639 11.95 12.35 11.7 6.776 15.6 13.25 11.56 10.08 14.32
Net income 1 13.05 13.35 16.4 10.9 5.86 8.22 8.844 8.286 4.645 11.64 9.518 8.288 7.249 10.27
Net margin 13.73% 13.91% 16.71% 12.03% 6.7% 8.75% 9.26% 8.48% 5.13% 11.78% 9.63% 8.67% 7.81% 10.44%
EPS 2 0.7100 0.7700 1.000 0.6900 0.3800 0.5300 0.5700 0.5300 0.3000 0.7500 0.6125 0.5300 0.4625 0.6550
Dividend per Share 0.1000 0.1125 0.1125 - - - - 0.1125 - 0.1125 - - - -
Announcement Date 10/27/21 2/23/22 4/27/22 7/27/22 10/26/22 2/22/23 5/3/23 8/2/23 11/8/23 2/21/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - 608 603 538 488
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - - 5.563 x 5.329 x 4.754 x 4.155 x
Free Cash Flow 1 27.8 67.7 59.4 34.9 57.6 55 58.1
ROE (net income / shareholders' equity) 10.1% 14.4% 15% 31% 21.5% 19.1% 19.3%
ROA (Net income/ Total Assets) 2.2% 2.96% 4.75% 3.5% 2.72% 2.9% 3.5%
Assets 1 660.3 543.5 697.4 1,182 1,231 1,218 1,159
Book Value Per Share 2 12.40 - - 9.310 11.20 12.80 15.00
Cash Flow per Share - - - - - - -
Capex 1 15.4 15.2 24.9 26.1 18 19 20
Capex / Sales 5.61% 4.61% 6.62% 7.05% 4.72% 4.93% 5.03%
Announcement Date 2/19/20 2/17/21 2/23/22 2/22/23 2/21/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
23.74 USD
Average target price
36.75 USD
Spread / Average Target
+54.80%
Consensus
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