CSV Stock Analysis: Carriage | NYSE

Funeral Services, Cremation Services, Interment Rights, Memorial Markers

Total Rating 22

Safety 62

Buy Signal -0.65

Personal Services
Industry Rotation: +20.2

Market Cap: 547M
Avg Turnover: 7.27M

Risk 3d forecast

Volatility26.0%

VaR 5^th Pctl4.48%

VaR vs Median4.47%

Choppyness39.5%

Reward TTM

Sharpe Ratio-0.63

Rel. Str. IBD16.8

Rel. Str. Peer Group27.8

Character TTM

Beta0.104

Beta Downside-0.195

Hurst Exponent0.539

Drawdowns 3y

Max DD40.69%

CAGR/Max DD0.45

CAGR/Mean DD2.17

EPS (Earnings per Share)

EPS CAGR: 16.89%
EPS Trend: 95.2%

Last SUE: -0.45
Qual. Beats: 0

Revenue

Rev. CAGR: 3.60%
Rev. Trend: 95.1%

Last SUE: -1.45
Qual. Beats: -2

Warnings

High Debt While Negative Cash Flow

Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 11.7 years of data

Jan +1.7% 8

Feb -1.2% 5

Mar +0.6% 5

Apr -2.1% 20

May -2.1% 20

Jun +0.4% 17

Jul +0.9% 17

Aug -0.1% 19

Sep -2.7% 32

Oct -0.1% 2

Nov +1.2% 2

Dec +3.4% 14

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: CSV Carriage

>Carriage Services, Inc. (CSV) is a U.S. provider of funeral and cemetery services and merchandise, headquartered in Houston, Texas and founded in 1991. The company operates through two segments: Funeral Home Operations, which offers consultation, visitation and memorial facilities, transportation, remains preparation, cremation services, and related merchandise such as caskets and urns; and Cemetery Operations, which sells interment rights (grave sites, lawn crypts, mausoleum spaces, and niches), cemetery merchandise including markers and monuments, and installation and interment services.

The death care industry is generally characterized as defensive, as demand is driven by demographic factors rather than discretionary spending, and the market remains highly fragmented, with operators typically pursuing growth through consolidation by acquiring independent funeral homes and cemeteries.

Headlines to Watch Out For

Aging baby boomer demographics boost funeral service demand
Funeral home acquisitions expand market share and drive revenue growth
Cemetery trust fund returns sensitive to interest rate movements

Piotroski VR-10 (Strict) 3.5

Net Income: 44.5m TTM > 0 and > 6% of Revenue
FCF/TA: -0.00 > 0.02 and ΔFCF/TA -5.63 > 1.0
NWC/Revenue: 5.07% < 20% (prev 0.70%; Δ 4.37% < -1%)
CFO/TA 0.04 > 3% & CFO 61.3m > Net Income 44.5m
Net Debt (565.3m) to EBITDA (117.7m): 4.80 < 3
Current Ratio: 1.46 > 1.5 & < 3
Outstanding Shares: last quarter (15.8m) vs 12m ago 2.02% < -2%
Gross Margin: 35.11% > 18% (prev 35.06%; Δ 0.05% > 0.5%)
Asset Turnover: 31.59% > 50% (prev 31.95%; Δ -0.36% > 0%)
Interest Coverage Ratio: 3.28 > 6 (EBIT TTM 90.5m / Interest Expense TTM 27.6m)

Altman Z'' 1.60

A: 0.02 (Total Current Assets 67.6m - Total Current Liabilities 46.5m) / Total Assets 1.37b
B: 0.23 (Retained Earnings 320.5m / Total Assets 1.37b)
C: 0.07 (EBIT TTM 90.5m / Avg Total Assets 1.32b)
D: 0.26 (Book Value of Equity 279.4m / Total Liabilities 1.09b)
Altman-Z'' = 1.60 = BB

Beneish M -2.75

DSRI: 1.22 (Receivables 43.6m/34.8m, Revenue 417.2m/407.6m)
GMI: 1.00 (GM 35.06% / 35.11%)
AQI: 1.13 (AQ_t 0.73 / AQ_t-1 0.65)
SGI: 1.02 (Revenue 417.2m / 407.6m)
TATA: -0.01 (NI 44.5m - CFO 61.3m) / TA 1.37b)
Beneish M = -2.75 (Cap -4..+1) = A

What is the price of CSV shares?

As of October 17, 2026, the stock is trading at USD 36.20 with a total of 275,777 shares traded. Over the past week, the price has changed by +7.45%, over one month by +13.23%, over three months by -6.66% and over the past year by -17.13%.

Current recommended Stop Loss: 34.70 (which is 4.1% or 1.4 ATR below the current price).

Is CSV a buy, sell or hold?

Carriage has received a consensus analysts rating of 4.60. Therefore, it is recommended to buy CSV.

StrongBuy: 3
Buy: 2
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the CSV price?

Analysts Target Price	51	40.9%

Carriage (CSV) - Fundamental Data Overview as of 14 October 2026

Market Cap USD = 547.3m (547.3m USD * 1.0 USD.USD)
P/E Trailing = 12.5766
P/E Forward = 8.6207
P/S = 1.3116
P/B = 1.8033
P/EG = 0.5746
Revenue TTM = 417.2m USD
EBIT TTM = 90.5m USD
EBITDA TTM = 117.7m USD
Long Term Debt = 526.0m USD (from longTermDebt, last quarter)
Short Term Debt = 4.71m USD (from shortTermDebt, last quarter)
Debt = 567.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 18.5m
Net Debt = 565.3m USD (calculated: Debt 567.8m - CCE 2.55m)
Enterprise Value = 1.11b USD (547.3m + Debt 567.8m - CCE 2.55m)
Interest Coverage Ratio = 3.28 (Ebit TTM 90.5m / Interest Expense TTM 27.6m)
EV/FCF = -356.9x (Enterprise Value 1.11b / FCF TTM -3.12m)
FCF Yield = -0.28% (FCF TTM -3.12m / Enterprise Value 1.11b)
FCF Margin = -0.75% (FCF TTM -3.12m / Revenue TTM 417.2m)
Net Margin = 10.67% (Net Income TTM 44.5m / Revenue TTM 417.2m)
Gross Margin = 35.11% ((Revenue TTM 417.2m - Cost of Revenue TTM 270.7m) / Revenue TTM)
Gross Margin QoQ = 34.04% (prev 36.41%)
Tobins Q-Ratio = 0.81 (Enterprise Value 1.11b / Total Assets 1.37b)
Interest Expense / Debt = 4.86% (Interest Expense 27.6m / Debt 567.8m)
Taxrate = 28.87% (18.1m / 62.7m)
NOPAT = 64.4m (EBIT 90.5m * (1 - 28.87%))
Current Ratio = 1.08 (Total Current Assets 67.6m / Total Current Liabilities 62.8m)
Debt / Equity = 2.03 (Debt 567.8m / totalStockholderEquity, last quarter 279.4m)
Debt / EBITDA = 4.80 (Net Debt 565.3m / EBITDA 117.7m)
Debt / FCF = -181.3 (out of range, set to none) (Net Debt 565.3m / FCF TTM -3.12m)
Total Stockholder Equity = 260.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.37% (Net Income 44.5m / Total Assets 1.37b)
RoE = 17.07% (Net Income TTM 44.5m / Total Stockholder Equity 260.8m)
RoCE = 11.51% (EBIT 90.5m / Capital Employed (Equity 260.8m + L.T.Debt 526.0m))
RoIC = 4.87% (NOPAT 64.4m / Invested Capital 1.32b)
WACC = 4.88% (E(547.3m)/V(1.12b) * Re(6.35%) + D(567.8m)/V(1.12b) * Rd(4.86%) * (1-Tc(0.29)))
Discount Rate = 6.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.30 | Cagr: 1.53%
[DCF] Fair Price = unknown (Cash Flow -3.12m)
EPS Correlation: 95.20 | EPS CAGR: 16.89% | SUE: -0.45 | # QB: 0
Revenue Correlation: 95.14 | Revenue CAGR: 3.60% | SUE: -1.45 | # QB: -2
EPS current Quarter (2026-09-30): EPS=0.79 | Chg30d=-2.94% | Revisions=-57% | Analysts=5
EPS current Year (2026-12-31): EPS=3.34 | Chg30d=-1.12% | Revisions=-50% | GrowthEPS=+4.5% | GrowthRev=+3.8%
EPS next Year (2027-12-31): EPS=3.64 | Chg30d=+0.00% | Revisions=-57% | GrowthEPS=+8.8% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: -79% (up=0, down=11)