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In a highly fragmented and mature industry, CSV is pursuing strategic acquisitions to expand into new geographies and lines of business (such as pet cremations and online cremations), representing opportunities for revenue growth and cost synergy realization. Additionally, the internal development projects that CSV continues to undertake in both the funeral home operations and cemetery operations segments should propel growth in same store operating revenue. Industry fundamentals support CSV’s projected growth trajectory with an expected increase of ~1.2% y/y in annual number of deaths over the next five years which should increase volume demand for its products and services. Therefore, we have a buy recommendation on the stock with an expected upside of ~40% over a one-year time horizon.
Industry 8. Healthcare and death services (3/3)
Health and death is a mortal matter that must be tended to and will take a spendin priority over everything else despite the economic situation.