What is Carriage Services Inc worth?
With the base-case assumptions below, a discounted cash flow model on Carriage Services Inc's reported free cash flow gives $14.73 per share. The share price was $29.44 on November 10, 2026, 100% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 0.0% | 10.0% | -$3.34 | -111% |
| Base | 5.0% | 9.0% | $14.73 | -50% |
| Bull | 10.0% | 8.0% | $48.47 | +65% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $27.66 | $31.60 | $36.41 | $42.42 | $50.15 |
| 8.0% | $18.02 | $20.57 | $23.59 | $27.21 | $31.63 |
| 9.0% | $10.97 | $12.72 | $14.73 | $17.08 | $19.86 |
| 10.0% | $5.60 | $6.84 | $8.25 | $9.85 | $11.71 |
| 11.0% | $1.37 | $2.28 | $3.30 | $4.44 | $5.74 |
Where the presets come from
Base: years 1 to 5 grow at Carriage Services Inc's revenue growth rate over the last 5 fiscal years (4.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions