Education
About Us
Working with TipRanks
Follow Us
Carriage Services (CSV)
:CSV
Top Page
Carriage Services
(NYSE:CSV)
69Neutral
Positive Factors
Financial Performance
The balance sheet continues to improve with a reduction in total long-term debt and a decreased leverage ratio.
Revenue Growth
Revenue increased 11.3% to $100.7 million, driven primarily by strong growth in cemetery and financial segments.
Stock Valuation
The stock is trading at a discount to its peer group, presenting a potential investment opportunity.
Negative Factors
Stock Performance
The stock has shown significant growth, being up 46% year-to-date, which might lead to overvaluation concerns.
Carriage Services (CSV) vs. S&P 500 (SPY)
Market Cap
$685.78M
Dividend Yield1.03%
Average Volume (3M)131.60K
Price to Earnings (P/E)14.7
Beta (1Y)0.68
Revenue Growth5.02%
EPS Growth45.34%
CountryUS
Employees1,200
SectorConsumer Cyclical
Sector Strength75
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)0.96
Shares Outstanding15,692,935
10 Day Avg. Volume144,628
30 Day Avg. Volume131,602
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)2.76
Price to Sales (P/S)0.00
P/FCF Ratio20.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$51.00Price Target Upside16.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Carriage Services Business Overview & Revenue Model
Company DescriptionCarriage Services, Inc. (CSV) is a leading provider of death care services and products in the United States. The company operates in two main segments: Funeral Home Operations and Cemetery Operations. It offers a range of services, including the management and operation of funeral homes, cemeteries, and crematoria, catering to families and individuals seeking end-of-life arrangements and memorialization.
How the Company Makes MoneyCarriage Services generates revenue primarily through its Funeral Home Operations and Cemetery Operations. In the Funeral Home Operations segment, the company provides traditional funeral services, cremation services, and other related services, which include embalming, transportation, and use of facilities for visitation and memorial services. Revenue is earned from service fees and the sale of funeral merchandise such as caskets and urns. In the Cemetery Operations segment, Carriage Services generates income from the sale of cemetery property, such as burial plots, mausoleum spaces, and niches for cremated remains. Additionally, they offer memorialization products and services, such as headstones and markers, and provide perpetual care and maintenance services for their cemetery grounds. The company may also engage in pre-need sales, where customers prepay for services and merchandise to be delivered in the future, providing an additional revenue stream. Strategic partnerships and acquisitions of existing funeral homes and cemeteries also play a significant role in Carriage Services' growth and revenue generation.
Carriage Services Financial Statement Overview
Summary
Carriage Services displays a positive trajectory in revenue growth and effective return on equity, but the high leverage and moderate net profit margins indicate potential risks. Continued optimization of debt structure and profitability improvements are essential for sustained financial health.Income Statement
Carriage Services shows a positive trajectory in revenue growth, with a TTM increase in revenue compared to the previous year. The company has maintained a solid gross profit margin and improved its EBIT margin, indicative of efficient operations. However, the net profit margin is moderate, suggesting room for improvement in cost management or revenue enhancement.72
Positive
Balance Sheet
The company has a relatively high debt-to-equity ratio, which could indicate potential leverage risks. However, the return on equity is strong, reflecting effective use of equity to generate profits. The equity ratio is moderate, suggesting a balanced approach to financing between debt and equity.65
Positive
Cash Flow
Carriage Services demonstrates a stable cash flow position, with positive free cash flow and a reasonable operating cash flow to net income ratio. However, the free cash flow growth rate shows some volatility, which indicates potential fluctuations in cash generation capabilities.68
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 311.31M | 404.20M | 382.52M | 370.17M | 375.89M | 329.45M | Gross Profit |
| 146.10M | 143.39M | 124.30M | 119.23M | 129.52M | 105.92M | EBIT |
| 94.66M | 81.80M | 80.98M | 79.73M | 93.66M | 78.82M | EBITDA |
| 112.26M | 81.80M | 103.94M | 103.04M | 90.29M | 76.76M | Net Income Common Stockholders |
| 46.91M | 32.95M | 33.41M | 41.38M | 33.16M | 16.09M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.64M | 1.17M | 1.52M | 1.17M | 1.15M | 889.00K | Total Assets |
| 1.28B | 1.28B | 1.27B | 1.19B | 1.18B | 1.15B | Total Debt |
| 423.50M | 560.87M | 604.63M | 612.75M | 578.93M | 478.32M | Net Debt |
| 418.85M | 559.70M | 603.11M | 611.58M | 577.78M | 477.43M | Total Liabilities |
| 1.05B | 1.07B | 1.09B | 1.06B | 1.05B | 905.32M | Stockholders Equity |
| 223.06M | 208.55M | 173.06M | 137.13M | 128.01M | 240.50M |
| Cash Flow | Free Cash Flow | ||||
| 30.38M | 35.90M | 57.55M | 34.94M | 59.36M | 67.72M | Operating Cash Flow |
| 46.09M | 52.00M | 75.59M | 61.02M | 84.25M | 82.92M | Investing Cash Flow |
| 4.49M | -3.64M | -57.00M | -52.49M | -12.54M | -34.42M | Financing Cash Flow |
| -47.62M | -48.72M | -18.23M | -8.51M | -71.45M | -48.32M |
Carriage Services Technical Analysis
Positive
43.85
Price Trends
39.20
Positive
39.61
Positive
36.99
Positive
Market Momentum
1.18
Negative
70.88
Negative
90.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CSV, the sentiment is Positive. The current price of 43.85 is above the 20-day moving average (MA) of 40.87, above the 50-day MA of 39.20, and above the 200-day MA of 36.99, indicating a bullish trend. The MACD of 1.18 indicates Negative momentum. The RSI at 70.88 is Negative, neither overbought nor oversold. The STOCH value of 90.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CSV.
Carriage Services Risk Analysis
Carriage Services disclosed 12 risk factors in its most recent earnings report. Carriage Services reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Carriage Services Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $27.83B | 57.82 | 37.83% | 1.11% | 9.46% | 9.04% | |
78 Outperform | $7.09B | 44.75 | 12.63% | ― | 9.71% | 94.22% | |
76 Outperform | $4.07B | 17.95 | 132.22% | ― | 5.53% | 36.30% | |
73 Outperform | $11.13B | 21.62 | 32.71% | 1.55% | 2.40% | 4.07% | |
69 Neutral | $685.78M | 14.66 | 22.96% | 1.03% | 5.02% | 45.34% | |
61 Neutral | $6.97B | 11.38 | 2.88% | 3.90% | 2.64% | -22.07% | |
56 Neutral | $7.77B | 14.12 | 657.13% | 2.51% | 3.71% | -8.07% |
* Consumer Cyclical Sector Average
Performance Comparison
CSV
Carriage Services
43.70
17.46
66.54%
HRB
H&R Block
58.00
5.53
10.54%
ROL
Rollins
57.43
11.51
25.07%
SCI
Service International
78.15
9.13
13.23%
BFAM
Bright Horizons
123.78
14.40
13.17%
FTDR
frontdoor
55.28
19.67
55.24%
Carriage Services Earnings Call Summary
Earnings Call Date:Apr 30, 2025
(Q1-2025)
| % Change Since: 10.04%|
Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment Neutral
Carriage Services showed strong revenue growth and improvements in several key areas, including a significant increase in net income and positive trends in preneed insurance contracts. However, there were notable declines in adjusted consolidated EBITDA, cash flow from operations, and adjusted free cash flow. Despite these challenges, the company maintained a positive outlook by focusing on strategic initiatives and potential future growth.Q1-2025 Updates
Positive Updates
Revenue Growth
Carriage Services reported total revenue of $107.1 million for Q1 2025, an increase of $3.6 million or 3.5% compared to the same quarter last year.
Funeral Operating Revenue Increase
Total funeral operating revenue was $69.1 million, an increase of $3 million or 4.6% over the same period last year.
Cemetery Revenue Growth
Total cemetery revenue for the quarter was $27.9 million, an increase of $1.5 million or 5.8%.
Preneed Insurance Contracts Growth
The quarter ended with 2,541 net preneed insurance contracts, an increase of 332 contracts or 15% compared to the same quarter last year.
Adjusted Diluted EPS Increase
Adjusted diluted EPS for Q1 2025 was $0.96 per share, an increase of $0.21 or 28% compared to the prior year quarter.
Net Income Surge
GAAP net income was $20.9 million, an increase of $13.9 million or 200.1%.
Leverage Ratio Improvement
The company reduced its leverage ratio to 4.2x from 5x at the end of Q1 2024.
Negative Updates
Decrease in Adjusted Consolidated EBITDA
Adjusted consolidated EBITDA was $32.9 million for Q1, a decrease of $653,000 or 1.9%.
Cash Flow from Operations Decline
Cash provided by operating activities was $13.8 million, down $5.9 million from the prior year quarter.
Decrease in Adjusted Free Cash Flow
Adjusted free cash flow for the first quarter was $13.4 million, down $5.1 million from the prior year quarter.
Overhead Increase
Overhead was $15.3 million compared to $19.4 million in the prior year first quarter, with an adjusted overhead $2.6 million higher than the previous year.
Company Guidance
In the first quarter of 2025, Carriage Services reported a total revenue of $107.1 million, marking a 3.5% increase from the previous year. Funeral operating revenue increased by 4.6% to $69.1 million, driven by a 1.8% rise in average revenue per contract and a 2.4% increase in funeral home at-need volume. Cemetery revenue grew by 5.8% to $27.9 million, and total financial revenue rose by 9.1% to $7.4 million. Despite a decrease in adjusted consolidated EBITDA by 1.9% to $32.9 million, the company reported an impressive 28% increase in adjusted diluted EPS to $0.96 per share. While maintaining its current guidance due to economic uncertainties, Carriage Services expects to raise it if momentum continues into the second quarter. The company is also focused on ongoing strategic initiatives, including the implementation of the Trinity system and supply chain optimizations, which are anticipated to drive future growth and efficiencies.Carriage Services Corporate Events
Executive/Board ChangesShareholder Meetings
Carriage Services Holds 2025 Shareholders Meeting
Neutral
May 14, 2025
On May 13, 2025, Carriage Services, Inc. held its 2025 Annual Meeting of Shareholders, where key decisions were made regarding the company’s governance and operations. The election of Class II directors resulted in the appointment of Chad Fargason, Carlos R. Quezada, and Dr. Edmondo Robinson for a three-year term. Additionally, the shareholders approved the compensation of Named Executive Officers on an advisory basis and ratified Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. These decisions are expected to influence the company’s future governance and financial oversight.
The most recent analyst rating on (CSV) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Carriage Services stock, see the CSV Stock Forecast page.
Spark’s Take on CSV Stock
According to Spark, TipRanks’ AI Analyst, CSV is a Neutral.
Carriage Services demonstrates strong revenue growth and effective equity utilization, with positive momentum in market trends. However, the high leverage and moderate profit margins present risks. The valuation is reasonable, though reliant on continued growth. Strategic initiatives highlighted in the earnings call may support future growth if effectively executed.
To see Spark’s full report on CSV stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.