Carriage Services Inc
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 provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; cremation services; and… Read more
Carriage Services Inc (CSV) - Net Assets
Latest net assets as of September 2025: $242.08 Million USD
Based on the latest financial reports, Carriage Services Inc (CSV) has net assets worth $242.08 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.34 Billion) and total liabilities ($1.10 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $242.08 Million |
| % of Total Assets | 18.03% |
| Annual Growth Rate | 3.75% |
| 5-Year Change | -13.29% |
| 10-Year Change | 32.33% |
| Growth Volatility | 35.55 |
Carriage Services Inc - Net Assets Trend (1996–2024)
This chart illustrates how Carriage Services Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Carriage Services Inc (1996–2024)
The table below shows the annual net assets of Carriage Services Inc from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $208.55 Million | +20.51% |
| 2023-12-31 | $173.06 Million | +26.20% |
| 2022-12-31 | $137.13 Million | +7.12% |
| 2021-12-31 | $128.01 Million | -46.77% |
| 2020-12-31 | $240.50 Million | +6.15% |
| 2019-12-31 | $226.57 Million | +2.29% |
| 2018-12-31 | $221.49 Million | +12.06% |
| 2017-12-31 | $197.66 Million | +11.05% |
| 2016-12-31 | $177.99 Million | +12.94% |
| 2015-12-31 | $157.59 Million | -12.39% |
| 2014-12-31 | $179.88 Million | +15.32% |
| 2013-12-31 | $155.97 Million | +15.52% |
| 2012-12-31 | $135.02 Million | +6.50% |
| 2011-12-31 | $126.78 Million | +5.94% |
| 2010-12-31 | $119.67 Million | +10.58% |
| 2009-12-31 | $108.22 Million | +4.55% |
| 2008-12-31 | $103.51 Million | -62.03% |
| 2007-12-31 | $272.61 Million | +113.71% |
| 2006-12-31 | $127.56 Million | -1.49% |
| 2005-12-31 | $129.49 Million | +11.21% |
| 2004-12-31 | $116.44 Million | +9.92% |
| 2003-12-31 | $105.93 Million | +7.55% |
| 2002-12-31 | $98.49 Million | +20.42% |
| 2001-12-31 | $81.79 Million | -51.41% |
| 2000-12-31 | $168.34 Million | -44.46% |
| 1999-12-31 | $303.10 Million | +49.98% |
| 1998-12-31 | $202.10 Million | +79.48% |
| 1997-12-31 | $112.60 Million | +51.55% |
| 1996-12-31 | $74.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carriage Services Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 25020900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $243.21 Million | 116.62% |
| Common Stock | $269.00K | 0.13% |
| Total Equity | $208.55 Million | 100.00% |
Carriage Services Inc Competitors by Market Cap
The table below lists competitors of Carriage Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Savaria Corporation
PINK:SISXF
|
$653.32 Million |
|
R&S GROUP HOLDING AG
SW:RSGN
|
$653.61 Million |
|
Jiangsu Kanion Pharmaceutical Co Ltd
SHG:600557
|
$653.92 Million |
|
Australian Agricultural Company Limited
PINK:AAYYY
|
$654.00 Million |
|
Neoen S.A
OTCGREY:NOSPF
|
$653.17 Million |
|
Nexwise Intelligence China Limited
SHE:301248
|
$653.02 Million |
|
Enchem Co. Ltd.
KQ:348370
|
$652.72 Million |
|
Zhejiang Great Southeast Co Ltd
SHE:002263
|
$652.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carriage Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 173,060,000 to 208,550,000, a change of 35,490,000 (20.5%).
- Net income of 32,953,000 contributed positively to equity growth.
- Dividend payments of 6,807,000 reduced retained earnings.
- Share repurchases of 2,626,000 reduced equity.
- Other factors increased equity by 11,970,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $32.95 Million | +15.8% |
| Dividends Paid | $6.81 Million | -3.26% |
| Share Repurchases | $2.63 Million | -1.26% |
| Other Changes | $11.97 Million | +5.74% |
| Total Change | $- | 20.51% |
Book Value vs Market Value Analysis
This analysis compares Carriage Services Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.87x to 3.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $8.75 | $42.57 | x |
| 1997-12-31 | $10.60 | $42.57 | x |
| 1998-12-31 | $14.64 | $42.57 | x |
| 1999-12-31 | $18.87 | $42.57 | x |
| 2000-12-31 | $10.48 | $42.57 | x |
| 2001-12-31 | $4.66 | $42.57 | x |
| 2002-12-31 | $5.63 | $42.57 | x |
| 2003-12-31 | $5.95 | $42.57 | x |
| 2004-12-31 | $6.38 | $42.57 | x |
| 2005-12-31 | $5.26 | $42.57 | x |
| 2006-12-31 | $5.10 | $42.57 | x |
| 2007-12-31 | $5.48 | $42.57 | x |
| 2008-12-31 | $5.35 | $42.57 | x |
| 2009-12-31 | $6.10 | $42.57 | x |
| 2010-12-31 | $6.67 | $42.57 | x |
| 2011-12-31 | $6.89 | $42.57 | x |
| 2012-12-31 | $7.41 | $42.57 | x |
| 2013-12-31 | $6.97 | $42.57 | x |
| 2014-12-31 | $9.85 | $42.57 | x |
| 2015-12-31 | $8.61 | $42.57 | x |
| 2016-12-31 | $10.19 | $42.57 | x |
| 2017-12-31 | $11.16 | $42.57 | x |
| 2018-12-31 | $12.05 | $42.57 | x |
| 2019-12-31 | $12.58 | $42.57 | x |
| 2020-12-31 | $13.30 | $42.57 | x |
| 2021-12-31 | $7.01 | $42.57 | x |
| 2022-12-31 | $8.73 | $42.57 | x |
| 2023-12-31 | $11.20 | $42.57 | x |
| 2024-12-31 | $13.50 | $42.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carriage Services Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.15%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 6.14x
- Recent ROE (15.80%) is above the historical average (6.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -0.40% | -0.74% | 0.31x | 1.77x | $-7.73 Million |
| 1997 | 3.82% | 5.56% | 0.28x | 2.47x | $-6.96 Million |
| 1998 | 4.70% | 8.13% | 0.25x | 2.31x | $-10.71 Million |
| 1999 | 3.53% | 6.35% | 0.31x | 1.78x | $-19.61 Million |
| 2000 | -78.41% | -81.18% | 0.23x | 4.22x | $-148.83 Million |
| 2001 | 11.03% | 5.54% | 0.24x | 8.24x | $844.20K |
| 2002 | 20.67% | 13.15% | 0.22x | 7.17x | $10.47 Million |
| 2003 | 6.25% | 4.39% | 0.22x | 6.60x | $-3.97 Million |
| 2004 | 7.93% | 6.15% | 0.27x | 4.85x | $-2.41 Million |
| 2005 | 0.92% | 0.57% | 0.27x | 5.92x | $-8.75 Million |
| 2006 | -1.47% | -0.94% | 0.27x | 5.86x | $-11.05 Million |
| 2007 | 7.74% | 4.93% | 0.27x | 5.71x | $-2.41 Million |
| 2008 | 0.25% | 0.15% | 0.32x | 5.41x | $-10.09 Million |
| 2009 | 6.51% | 3.97% | 0.29x | 5.72x | $-3.77 Million |
| 2010 | 6.75% | 4.37% | 0.28x | 5.61x | $-3.89 Million |
| 2011 | 5.50% | 3.66% | 0.28x | 5.31x | $-5.70 Million |
| 2012 | 8.45% | 5.59% | 0.28x | 5.47x | $-2.10 Million |
| 2013 | 12.37% | 9.02% | 0.29x | 4.79x | $3.70 Million |
| 2014 | 8.81% | 7.00% | 0.27x | 4.60x | $-2.15 Million |
| 2015 | 13.23% | 8.60% | 0.29x | 5.31x | $5.09 Million |
| 2016 | 11.00% | 7.89% | 0.28x | 4.97x | $1.78 Million |
| 2017 | 18.82% | 14.41% | 0.28x | 4.66x | $17.43 Million |
| 2018 | 5.26% | 4.35% | 0.29x | 4.14x | $-10.50 Million |
| 2019 | 6.41% | 5.30% | 0.24x | 4.99x | $-8.12 Million |
| 2020 | 6.69% | 4.88% | 0.29x | 4.76x | $-7.96 Million |
| 2021 | 25.90% | 8.82% | 0.32x | 9.21x | $20.36 Million |
| 2022 | 30.18% | 11.18% | 0.31x | 8.70x | $27.67 Million |
| 2023 | 19.31% | 8.73% | 0.30x | 7.33x | $16.11 Million |
| 2024 | 15.80% | 8.15% | 0.32x | 6.14x | $12.10 Million |
Industry Comparison
This section compares Carriage Services Inc's net assets metrics with peer companies in the Personal Services industry.
Industry Context
- Industry: Personal Services
- Average net assets among peers: $317,732,855
- Average return on equity (ROE) among peers: 509.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carriage Services Inc (CSV) | $242.08 Million | -0.40% | 4.55x | $653.20 Million |
| Andersen Group Inc. (ANDG) | $177.50 Million | 66.86% | 1.08x | $242.88K |
| Bright Horizons Family Solutions Inc (BFAM) | $145.51 Million | 13.75% | 0.70x | $4.17 Billion |
| Click Holdings Limited (CLIK) | $403.31K | 199.02% | 3.08x | $871.85K |
| CVS Group plc (CVSGF) | $257.00 Million | 16.30% | 1.23x | $947.94 Million |
| Dror Ortho-Design Inc. (DROR) | $-374.60K | 0.00% | 0.00x | $4.09 Million |
| E-Home Household Service Holdings Ltd (EJH) | $64.27 Million | 9.97% | 0.16x | $2.03 Million |
| Eventiko Inc (EVTK) | $-14.26K | 0.00% | 0.00x | $3.58 Million |
| Fu Shou Yuan International Group Limited (FSHUF) | $2.21 Billion | 10.41% | 0.33x | $717.28 Million |
| Frontdoor Inc (FTDR) | $3.00 Million | 4266.67% | 355.33x | $4.51 Billion |