Carriage Services (CSV) AI Stock Analysis

• Market Cap: $728.15M
• Dividend Yield: 0.97%
• Average Volume (3M): 86.47K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 0.68
• Revenue Growth: 5.02%
• EPS Growth: 45.34%
• Country: US
• Employees: 1,200
• Sector: Consumer Cyclical
• Sector Strength: 68
• Industry: Personal Products & Services
• EPS (TTM): 0.96
• Shares Outstanding: 15,692,935
• 10 Day Avg. Volume: 63,388
• 30 Day Avg. Volume: 86,469
• PEG Ratio: 0.37
• Price to Book (P/B): 3.16
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 23.86
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 0.70
• Enterprise Value/Gross Profit: 7.79
• Enterprise Value/Ebitda: 2.61
• 1Y Price Target: $50.50
• Price Target Upside: 10.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 75 Outperform
• Price Target: $50.00 ▲(9.15%Upside)

Carriage Services benefits from strong technical momentum and positive earnings call sentiment. Despite the challenges of high leverage and cash flow declines, the company's strategic initiatives and fair valuation support a favorable outlook.

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 Business Overview & Revenue Model

Company Description

Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment engages in the provision of consultation, funeral home facilities for visitation and memorial services, and transportation services; removal and preparation of remains; and sale of burial and cremation services, and related merchandise, such as caskets and urns. The Cemetery Operations segment provides interment rights for grave sites, lawn crypts, mausoleum spaces, and niche; related cemetery merchandise, including outer burial containers, memorial markers, monuments, and floral placements; and interments, inurnments, and installation of cemetery merchandise services. As of December 31, 2021, it operated 170 funeral homes in 26 states and 31 cemeteries in 11 states. Carriage Services, Inc. was founded in 1991 and is based in Houston, Texas.

How the Company Makes Money

Carriage Services generates revenue primarily through its Funeral Home and Cemetery Operations. The Funeral Home Operations segment is a major source of income, deriving revenue from the provision of professional services, merchandise sales, and cremation services. This includes fees for conducting funerals, memorial services, and other related events. Additionally, the Cemetery Operations segment contributes to revenue via the sale of burial spaces, cemetery plots, mausoleums, and the provision of perpetual care services. Pre-need sales, where customers pay in advance for future funeral and cemetery services, also constitute a significant revenue stream, providing both immediate and long-term financial benefits. The company's earnings are further supported by strategic acquisitions of funeral homes and cemeteries, expansion of service offerings, and partnerships with local service providers, which enhance its market presence and operational efficiencies.

Carriage Services Financial Statement Overview

Summary

Carriage Services demonstrates positive revenue growth and a strong return on equity. However, high leverage and moderate net profit margins pose risks. The company should focus on optimizing debt structure and enhancing profitability.

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.

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.

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	404.20M	382.52M	370.17M	375.89M	329.45M
Gross Profit	143.39M	124.30M	119.23M	129.52M	105.92M
EBITDA	81.80M	103.94M	103.04M	90.29M	76.76M
Net Income	32.95M	33.41M	41.38M	33.16M	16.09M
Balance Sheet
Total Assets	1.28B	1.27B	1.19B	1.18B	1.15B
Cash, Cash Equivalents and Short-Term Investments	1.17M	1.52M	1.17M	1.15M	889.00K
Total Debt	560.87M	604.63M	612.75M	578.93M	478.32M
Total Liabilities	1.07B	1.09B	1.06B	1.05B	905.32M
Stockholders Equity	208.55M	173.06M	137.13M	128.01M	240.50M
Cash Flow
Free Cash Flow	35.90M	57.55M	34.94M	59.36M	67.72M
Operating Cash Flow	52.00M	75.59M	61.02M	84.25M	82.92M
Investing Cash Flow	-3.64M	-57.00M	-52.49M	-12.54M	-34.42M
Financing Cash Flow	-48.72M	-18.23M	-8.51M	-71.45M	-48.32M

Carriage Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 45.81
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 45.81 is above the 20-day moving average (MA) of 45.55, above the 50-day MA of 44.04, and above the 200-day MA of 39.50, indicating a bullish trend. The MACD of 0.78 indicates Positive momentum. The RSI at 53.96 is Neutral, neither overbought nor oversold. The STOCH value of 39.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CSV.

Carriage Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTDR	78 Outperform	$4.30B	18.61	132.22%	―	5.53%	36.30%
ROL	78 Outperform	$27.01B	56.58	37.83%	1.18%	9.46%	9.04%
CSV	75 Outperform	$728.15M	15.52	22.96%	0.97%	5.02%	45.34%
SCI	74 Outperform	$11.45B	22.15	32.71%	1.59%	2.40%	4.07%
BFAM	73 Outperform	$6.60B	41.16	12.63%	―	9.71%	94.22%
Sector *	62 Neutral	$16.91B	10.88	-7.01%	2.97%	1.73%	-25.16%
HRB	51 Neutral	$7.51B	13.74	657.13%	2.68%	3.71%	-8.07%

Carriage Services Corporate Events

Carriage Services Holds 2025 Shareholders Meeting

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.