(CSV) Carriage - Overview
Sector: Consumer Cyclical | Industry: Personal Services | Exchange: NYSE (USA) | Market Cap: 694m USD | Total Return: -4.2% in 12m
Avg Turnover: 3.84M
EPS Trend: 96.5%
Qual. Beats: 0
Rev. Trend: 96.5%
Qual. Beats: -1
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Carriage Services, Inc. (CSV) is a Houston-based provider of deathcare services and merchandise across the United States. The company operates through two primary divisions: Funeral Home Operations and Cemetery Operations. Its service portfolio includes traditional burials, cremation, memorial services, and the management of interment rights for grave sites and mausoleums.
The deathcare industry is characterized by a high degree of fragmentation, with independent family-owned businesses making up a significant portion of the market. Carriage Services follows a consolidation business model, acquiring local funeral homes and cemeteries to achieve regional scale while maintaining established local brand identities. This sector is largely driven by demographic trends and a gradual shift in consumer preference toward cremation over traditional burial.
Investors can further evaluate these industry trends and company-specific metrics at ValueRay. Carriage Services remains a key player in the specialized consumer services sub-industry, focusing on the sale of markers, caskets, and long-term cemetery maintenance.
- Death rate fluctuations and funeral volume trends drive core service revenue
- Cemetery pre-need sales performance impacts long-term deferred revenue and cash flow
- Financial market volatility affects trust fund investment returns and valuation
- High debt leverage increases sensitivity to interest rate changes and refinancing costs
- Industry consolidation through strategic acquisitions influences market share and growth trajectory
| Net Income: 44.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.62 > 1.0 |
| NWC/Revenue: 1.80% < 20% (prev -0.64%; Δ 2.44% < -1%) |
| CFO/TA 0.05 > 3% & CFO 61.8m > Net Income 44.0m |
| Net Debt (562.3m) to EBITDA (114.6m): 4.91 < 3 |
| Current Ratio: 1.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (15.8m) vs 12m ago 2.53% < -2% |
| Gross Margin: 35.40% > 18% (prev 0.35%; Δ 3.50k% > 0.5%) |
| Asset Turnover: 31.74% > 50% (prev 31.98%; Δ -0.23% > 0%) |
| Interest Coverage Ratio: 3.24 > 6 (EBITDA TTM 114.6m / Interest Expense TTM 28.0m) |
| A: 0.01 (Total Current Assets 57.1m - Total Current Liabilities 49.6m) / Total Assets 1.35b |
| B: 0.23 (Retained Earnings 308.2m / Total Assets 1.35b) |
| C: 0.07 (EBIT TTM 90.6m / Avg Total Assets 1.31b) |
| D: 0.29 (Book Value of Equity 308.5m / Total Liabilities 1.08b) |
| Altman-Z'' = 1.55 = BB |
| DSRI: 1.25 (Receivables 42.2m/32.9m, Revenue 416.4m/407.8m) |
| GMI: 1.00 (GM 35.40% / 35.31%) |
| AQI: 0.89 (AQ_t 0.65 / AQ_t-1 0.74) |
| SGI: 1.02 (Revenue 416.4m / 407.8m) |
| TATA: -0.01 (NI 44.0m - CFO 61.8m) / TA 1.35b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of May 31, 2026, the stock is trading at USD 41.19 with a total of 65,751 shares traded.
Over the past week, the price has changed by -6.15%,
over one month by -16.04%,
over three months by -10.39% and
over the past year by -4.19%.
Carriage has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy CSV.
- StrongBuy: 2
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 60 | 45.7% |
P/E Trailing = 15.9018
P/E Forward = 12.6263
P/S = 1.6665
P/B = 2.6002
P/EG = 0.835
Revenue TTM = 416.4m USD
EBIT TTM = 90.6m USD
EBITDA TTM = 114.6m USD
Long Term Debt = 522.3m USD (from longTermDebt, last quarter)
Short Term Debt = 4.56m USD (from shortTermDebt, last quarter)
Debt = 565.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 19.2m
Net Debt = 562.3m USD (calculated: Debt 565.3m - CCE 2.91m)
Enterprise Value = 1.26b USD (694.1m + Debt 565.3m - CCE 2.91m)
Interest Coverage Ratio = 3.24 (Ebit TTM 90.6m / Interest Expense TTM 28.0m)
EV/FCF = 31.07x (Enterprise Value 1.26b / FCF TTM 40.4m)
FCF Yield = 3.22% (FCF TTM 40.4m / Enterprise Value 1.26b)
FCF Margin = 9.71% (FCF TTM 40.4m / Revenue TTM 416.4m)
Net Margin = 10.56% (Net Income TTM 44.0m / Revenue TTM 416.4m)
Gross Margin = 35.40% ((Revenue TTM 416.4m - Cost of Revenue TTM 269.0m) / Revenue TTM)
Gross Margin QoQ = 36.41% (prev 34.75%)
Tobins Q-Ratio = 0.93 (Enterprise Value 1.26b / Total Assets 1.35b)
Interest Expense / Debt = 4.94% (Interest Expense 28.0m / Debt 565.3m)
Taxrate = 26.67% (4.91m / 18.4m)
NOPAT = 66.5m (EBIT 90.6m * (1 - 26.67%))
Current Ratio = 1.15 (Total Current Assets 57.1m / Total Current Liabilities 49.6m)
Debt / Equity = 2.12 (Debt 565.3m / totalStockholderEquity, last quarter 266.9m)
Debt / EBITDA = 4.91 (Net Debt 562.3m / EBITDA 114.6m)
Debt / FCF = 13.91 (Net Debt 562.3m / FCF TTM 40.4m)
Total Stockholder Equity = 249.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.35% (Net Income 44.0m / Total Assets 1.35b)
RoE = 17.60% (Net Income TTM 44.0m / Total Stockholder Equity 249.8m)
RoCE = 11.74% (EBIT 90.6m / Capital Employed (Equity 249.8m + L.T.Debt 522.3m))
RoIC = 5.11% (NOPAT 66.5m / Invested Capital 1.30b)
WACC = 5.67% (E(694.1m)/V(1.26b) * Re(7.34%) + D(565.3m)/V(1.26b) * Rd(4.94%) * (1-Tc(0.27)))
Discount Rate = 7.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 68.89 | Cagr: 0.95%
[DCF] Terminal Value 77.97% ; FCFF base≈36.4m ; Y1≈41.7m ; Y5≈61.4m
[DCF] Fair Price = 22.81 (EV 924.5m - Net Debt 562.3m = Equity 362.1m / Shares 15.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 96.45 | EPS CAGR: 17.70% | SUE: -0.17 | # QB: 0
Revenue Correlation: 96.53 | Revenue CAGR: 4.06% | SUE: -1.86 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.81 | Chg30d=+0.49% | Revisions=-25% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.87 | Chg30d=+1.40% | Revisions=+33% | Analysts=5
EPS current Year (2026-12-31): EPS=3.45 | Chg30d=+0.52% | Revisions=+0% | GrowthEPS=+7.9% | GrowthRev=+6.0%
EPS next Year (2027-12-31): EPS=3.76 | Chg30d=+0.86% | Revisions=+0% | GrowthEPS=+9.0% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +33%