Carriage Services, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $45M normalized FCF base (FY2026 guided adjusted free cash flow midpoint); 6% annual FCF growth for years 1-5; 4% for years 6-10; 9% discount rate; 2.5% terminal growth; $528M net debt; 15.85M shares outstanding.

Reasoning: Death-care demand is stable and demographically driven, supporting a low discount rate despite ~4x net-debt/EBITDA leverage from Carriage's active, EBITDA-accretive M&A strategy; growth assumptions reflect steady low-single-digit organic comps plus continued bolt-on acquisitions, moderating as the funeral-home/cemetery market matures.