CSV
📊 Carriage Services is currently trading about 10% below its historical average P/E multiple of 13, suggesting potential value despite recent share price increases.
💰 The company exhibits cyclical but generally stable and positive cash flow and earnings, consistently making money even if growth isn’t spectacular.
⚖️ While the company carries significant debt, its business model provides a degree of stability, though its Return on Invested Capital (ROIC) is described as unremarkable.
@bernardodegarcia:
“How are the companies of… uh, Carriage Service Long Tin? Yes, also Car Service. Forward P/E of 12? Nothing, you’re interesting me, Carriage Service. Do you remember we analyzed these companies many times? The ‘death companies,’ so to speak, because they are companies of… well, they’re not death companies, but you understand me. My goodness, how few tabs I have open. Let’s see, Carriage Service, CSV, not to be confused with CBS. Historically, it trades at a multiple of 13. It’s about 10% cheaper than normal, even though its shares have risen quite a bit. They also have quite a bit of debt. Their cash flow is correct; it’s cyclical. Sometimes many people die, sometimes fewer people die, and it will go by years. Hmm hmm hmm. The ROIC is not something to call home about. And ah, we have Stairway to Heaven. What we have is stability, without a doubt. This is the earnings per share growth. As you can see, it grows practically almost every year. Some years it decreases, but it always makes money, meaning it never loses money, which is what interests us most, right? And the same with cash flow.”
Watch the exact part of the video where @bernardodegarcia talks about Carriage Services here:
Watch the video on YouTube
Read more articles analyzing Carriage Services (CSV) at the provided link. CSV stock.
