Carriage Services Intrinsic Stock Value – Carriage Services: Consolidation of Fragmented Market Offers Lucrative Opportunities
January 5, 2024
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Carriage services, such as shipping, logistics and courier services, are a fundamental part of the global economy. Despite such critical importance, the carriage services market remains highly fragmented due to the range of industries it serves – from manufacturing to retail. This presents a unique opportunity for consolidators, as it allows them to capture market share and create economies of scale. The company focuses on providing integrated solutions for its customers, providing a comprehensive suite of services from freight forwarding to customs clearance. CARRIAGE SERVICES ($NYSE:CSV) has made significant investments in infrastructure and technology, giving them an edge in the highly competitive marketplace.
The fragmented nature of the carriage services market means that there are numerous opportunities for consolidators. Companies like CARRIAGE SERVICES can leverage their scale and expertise to capture market share and increase profits. By leveraging its technical capabilities, CARRIAGE SERVICES is well-positioned to take advantage of the lucrative opportunities available in the carriage services market.
Price History
Carriage Services have seen a decline in their stock price on Wednesday, with the company’s stock opening at $25.0 and closing at $24.4, down by a total of 2.9% from its prior closing price of 25.1. The consolidation of the market has allowed Carriage Services to focus on creating cost-efficient services, while still maintaining their quality of service. In addition, Carriage Services is now able to better compete with its competitors by offering competitive pricing and expanding its customer base. This is especially beneficial for customers, as they are now able to access more reliable services at lower prices. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carriage Services. More…
| Total Revenues | Net Income | Net Margin |
| 377.6 | 29.6 | 8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carriage Services. More…
| Operations | Investing | Financing |
| 72.83 | -83.17 | 11.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carriage Services. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.26k | 1.09k | 10.76 |
Key Ratios Snapshot
Some of the financial key ratios for Carriage Services are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.7% | 5.6% | 20.6% |
| FCF Margin | ROE | ROA |
| 14.3% | 30.6% | 3.9% |
Analysis – Carriage Services Intrinsic Stock Value
We at GoodWhale have conducted an analysis of CARRIAGE SERVICES‘ fundamentals and calculated their fair value to be around $39.3. This was determined by our proprietary Valuation Line. Currently, CARRIAGE SERVICES stock is being traded at $24.4, making it significantly undervalued by 37.9%. We believe that this presents an opportunity for investors to buy the stock at a discount and stand to benefit from potential growth in the stock. More…
Peers
Carriage Services Inc. is a leading provider of funeral and cemetery services and products in the United States. Carriage operates through two segments: Funeral Home Operations and Cemetery Operations. The company offers a range of services, including traditional funerals, cremations, memorial services, advance funeral planning, and other related services. Carriage also owns and operates a number of cemeteries. The company’s competitors include StoneMor Inc, Frontdoor Inc, and E-Home Household Service Holdings Ltd.
– StoneMor Inc ($NYSE:STON)
The market cap for StoneMor Inc. as of 2022 is 409.7M. The company’s return on equity is 5.44%. StoneMor Inc. is a provider of deathcare products and services in the United States and Puerto Rico. The company operates through two segments, Funeral Homes and Cemeteries.
– Frontdoor Inc ($NASDAQ:FTDR)
Frontdoor Inc is a provider of home service plans. The company operates in the United States and offers home service plans that cover repair and replacement of systems and appliances in the home. The company was founded in 2006 and is headquartered in Memphis, Tennessee.
– E-Home Household Service Holdings Ltd ($NASDAQ:EJH)
E-Home Household Service Holdings Ltd is a domestic services company in China. It offers a range of services including cleaning, laundry, and grocery delivery. The company has a market cap of 7.57M as of 2022 and a Return on Equity of -1.18%.
Summary
Carriage Services, Inc. (NYSE: CSV) is an industry consolidator of death care services. The company provides a wide range of products and services, including funeral services, cemetery services, cremation services, and related products. Its fragmented market offers great opportunities for Carriage Services to become a leader in the industry, due to its ability to leverage the strength of its existing operations. Investors should note that the company trades at a lower valuation than its peers, offering potential upside to those who invest early.
In addition, Carriage Services generates strong cash flow from operations and has made wise decisions to reduce debt, which should help the company continue to grow in the future.
