Interested In Carlisle Companies Incorporated (NYSE:CSL)? Here’s What Its Recent Performance Looks Like
Assessing Carlisle Companies Incorporated’s (NYSE:CSL) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met or exceed expectations, which is a great indicator for future performance. Today I will assess CSL’s recent performance announced on 30 September 2018 and evaluate these figures to its long-term trend and industry movements.
See our latest analysis for Carlisle Companies
Did CSL beat its long-term earnings growth trend and its industry?
CSL’s trailing twelve-month earnings (from 30 September 2018) of US$398m has jumped 30% compared to the previous year.
Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 9.8%, indicating the rate at which CSL is growing has accelerated. What’s the driver of this growth? Let’s see whether it is solely a result of industry tailwinds, or if Carlisle Companies has experienced some company-specific growth.
In terms of returns from investment, Carlisle Companies has fallen short of achieving a 20% return on equity (ROE), recording 15% instead. Furthermore, its return on assets (ROA) of 8.3% is below the US Industrials industry of 8.6%, indicating Carlisle Companies’s are utilized less efficiently. And finally, its return on capital (ROC), which also accounts for Carlisle Companies’s debt level, has declined over the past 3 years from 14% to 11%. This correlates with an increase in debt holding, with debt-to-equity ratio rising from 39% to 59% over the past 5 years.
What does this mean?
Carlisle Companies’s track record can be a valuable insight into its earnings performance, but it certainly doesn’t tell the whole story. Companies that have performed well in the past, such as Carlisle Companies gives investors conviction. However, the next step would be to assess whether the future looks as optimistic. I suggest you continue to research Carlisle Companies to get a better picture of the stock by looking at:
Future Outlook: What are well-informed industry analysts predicting for CSL’s future growth? Take a look at our free research report of analyst consensus for CSL’s outlook.
Financial Health: Are CSL’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.
NB: Figures in this article are calculated using data from the trailing twelve months from 30 September 2018. This may not be consistent with full year annual report figures.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
