Discounted Cash Flow

Carriage Services Inc.

CSV · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $248.2m $19.6m $32.6m 7.9% $1.18
2017 $258.1m (4.0%) $37.2m (89.9%) $28.8m (-11.6%) 14.4% (82.6%) $2.25 (90.7%)
2018 $268.0m (3.8%) $11.6m (-68.7%) $35.5m (23.0%) 4.3% (-69.8%) $0.64 (-71.6%)
2019 $274.1m (2.3%) $14.5m (24.8%) $27.8m (-21.5%) 5.3% (22.0%) $0.81 (26.6%)
2020 $329.4m (20.2%) $16.1m (10.7%) $67.7m (143.3%) 4.9% (-7.9%) $0.90 (11.1%)
2021 $375.9m (14.1%) $33.2m (106.1%) $59.4m (-12.3%) 8.8% (80.6%) $1.90 (111.1%)
2022 $370.2m (-1.5%) $41.4m (24.8%) $34.9m (-41.1%) 11.2% (26.7%) $2.78 (46.3%)
2023 $382.5m (3.3%) $33.4m (-19.3%) $57.6m (64.7%) 8.7% (-21.9%) $2.24 (-19.4%)
2024 $404.2m (5.7%) $33.0m (-1.4%) $35.9m (-37.6%) 8.2% (-6.7%) $2.17 (-3.1%)
2025 $417.4m (3.3%) $51.5m (56.3%) $40.1m (11.6%) 12.3% (51.3%) $3.29 (51.6%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model