Added to YB: 2024-01-25
Pitch date: 2024-01-25
CSV [bullish]
Carriage Services, Inc.
+77.94%
current return
Author Info
Company Info
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States.
Market Cap
$661.9M
Pitch Price
$24.68
Price Target
N/A
Dividend
1.07%
EV/EBITDA
9.86
P/E
13.61
EV/Sales
2.98
Sector
Diversified Consumer Services
Category
value
Carriage (CSV): Return to Normal in 2024
CSV: Death care co w/ 2% share of $19B market. Challenges: failed merger, rates, post-COVID norm. Opps: industry growth, M&A (targeting larger biz). Cremation trend a pricing challenge. 6.3% rev CAGR '13-'23, strong ROE. 12% insider owned. Trades 8-9x '23 CFE (low hist & vs peers). 13% exp ret @ 15% ROE, 6% growth (ex mult expan & M&A). Risks: leverage, int rates, disruptive tech, alt burials.
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