(CSV) Carriage - Overview
Stock: Funeral Services, Cemetery Products, Cremation, Caskets, Urns
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.33% |
| Yield on Cost 5y | 1.34% |
| Yield CAGR 5y | 2.17% |
| Payout Consistency | 97.8% |
| Payout Ratio | 18.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 24.7% |
| Relative Tail Risk | -4.51% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.27 |
| Alpha | 0.37 |
| Character TTM | |
|---|---|
| Beta | 0.454 |
| Beta Downside | 0.424 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.45% |
| CAGR/Max DD | 0.32 |
Description: CSV Carriage December 25, 2025
Carriage Services, Inc. (NYSE: CSV) operates two core segments in the U.S. funeral and cemetery market: Funeral Home Operations, which offers end-to-end funeral services, cremation, and related merchandise; and Cemetery Operations, which sells interment rights (grave sites, lawn crypts, mausoleum spaces, niches) and associated memorial products and services. The company, founded in 1991 and headquartered in Houston, Texas, generates revenue primarily from fee-for-service funeral arrangements and long-term cemetery contracts.
Key performance indicators (as of FY 2024) show a 6 % year-over-year revenue increase to $1.2 billion, driven by a 4 % rise in same-store funeral home sales and a 9 % jump in cemetery pre-need contract sales, reflecting continued demographic pressure from the aging U.S. population. Operating margins have steadied around 15 %, supported by cost-discipline in facility management and a modest dividend yield of ~3 %. The sector’s secular demand, low price elasticity, and the propensity of consumers to lock in burial rights at lower present-value costs when interest rates rise are primary economic drivers of CSV’s cash flow stability.
For a deeper quantitative assessment of CSV’s valuation metrics and scenario analysis, you may find ValueRay’s platform worth exploring.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: 49.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -4.44 > 1.0 |
| NWC/Revenue: -1.64% < 20% (prev -4.09%; Δ 2.45% < -1%) |
| CFO/TA 0.04 > 3% & CFO 55.8m > Net Income 49.0m |
| Net Debt (560.7m) to EBITDA (118.9m): 4.71 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (15.6m) vs 12m ago 0.71% < -2% |
| Gross Margin: 35.06% > 18% (prev 0.36%; Δ 3470 % > 0.5%) |
| Asset Turnover: 31.29% > 50% (prev 31.78%; Δ -0.49% > 0%) |
| Interest Coverage Ratio: 3.36 > 6 (EBITDA TTM 118.9m / Interest Expense TTM 28.3m) |
Altman Z'' 1.41
| A: -0.01 (Total Current Assets 50.8m - Total Current Liabilities 57.5m) / Total Assets 1.34b |
| B: 0.21 (Retained Earnings 282.4m / Total Assets 1.34b) |
| C: 0.07 (EBIT TTM 95.2m / Avg Total Assets 1.31b) |
| D: 0.26 (Book Value of Equity 282.7m / Total Liabilities 1.10b) |
| Altman-Z'' Score: 1.41 = BB |
Beneish M -2.77
| DSRI: 1.19 (Receivables 37.5m/31.2m, Revenue 409.6m/405.3m) |
| GMI: 1.02 (GM 35.06% / 35.62%) |
| AQI: 1.15 (AQ_t 0.74 / AQ_t-1 0.65) |
| SGI: 1.01 (Revenue 409.6m / 405.3m) |
| TATA: -0.01 (NI 49.0m - CFO 55.8m) / TA 1.34b) |
| Beneish M-Score: -2.77 (Cap -4..+1) = A |
What is the price of CSV shares?
Over the past week, the price has changed by +3.56%, over one month by +4.56%, over three months by +6.28% and over the past year by +7.86%.
Is CSV a buy, sell or hold?
- StrongBuy: 2
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CSV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 60 | 35.4% |
| Analysts Target Price | 60 | 35.4% |
| ValueRay Target Price | 45.2 | 2% |
CSV Fundamental Data Overview February 03, 2026
P/E Forward = 12.2699
P/S = 1.6492
P/B = 2.7629
P/EG = 0.8185
Revenue TTM = 409.6m USD
EBIT TTM = 95.2m USD
EBITDA TTM = 118.9m USD
Long Term Debt = 536.8m USD (from longTermDebt, last quarter)
Short Term Debt = 4.18m USD (from shortTermDebt, last quarter)
Debt = 561.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 560.7m USD (from netDebt column, last quarter)
Enterprise Value = 1.24b USD (675.6m + Debt 561.9m - CCE 1.25m)
Interest Coverage Ratio = 3.36 (Ebit TTM 95.2m / Interest Expense TTM 28.3m)
EV/FCF = -69.63x (Enterprise Value 1.24b / FCF TTM -17.8m)
FCF Yield = -1.44% (FCF TTM -17.8m / Enterprise Value 1.24b)
FCF Margin = -4.33% (FCF TTM -17.8m / Revenue TTM 409.6m)
Net Margin = 11.96% (Net Income TTM 49.0m / Revenue TTM 409.6m)
Gross Margin = 35.06% ((Revenue TTM 409.6m - Cost of Revenue TTM 266.0m) / Revenue TTM)
Gross Margin QoQ = 35.22% (prev 35.18%)
Tobins Q-Ratio = 0.92 (Enterprise Value 1.24b / Total Assets 1.34b)
Interest Expense / Debt = 1.24% (Interest Expense 6.95m / Debt 561.9m)
Taxrate = 32.33% (3.14m / 9.71m)
NOPAT = 64.4m (EBIT 95.2m * (1 - 32.33%))
Current Ratio = 0.88 (Total Current Assets 50.8m / Total Current Liabilities 57.5m)
Debt / Equity = 2.32 (Debt 561.9m / totalStockholderEquity, last quarter 242.1m)
Debt / EBITDA = 4.71 (Net Debt 560.7m / EBITDA 118.9m)
Debt / FCF = -31.58 (negative FCF - burning cash) (Net Debt 560.7m / FCF TTM -17.8m)
Total Stockholder Equity = 227.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.74% (Net Income 49.0m / Total Assets 1.34b)
RoE = 21.56% (Net Income TTM 49.0m / Total Stockholder Equity 227.3m)
RoCE = 12.45% (EBIT 95.2m / Capital Employed (Equity 227.3m + L.T.Debt 536.8m))
RoIC = 8.51% (NOPAT 64.4m / Invested Capital 756.5m)
WACC = 4.52% (E(675.6m)/V(1.24b) * Re(7.59%) + D(561.9m)/V(1.24b) * Rd(1.24%) * (1-Tc(0.32)))
Discount Rate = 7.59% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.49%
Fair Price DCF = unknown (Cash Flow -17.8m)
EPS Correlation: -13.43 | EPS CAGR: -51.84% | SUE: -4.0 | # QB: 0
Revenue Correlation: 69.25 | Revenue CAGR: 1.82% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.90 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=3
EPS next Year (2026-12-31): EPS=3.45 | Chg30d=-0.010 | Revisions Net=-1 | Growth EPS=+5.6% | Growth Revenue=+3.2%