When it comes to investing, there are a number of different options to choose from. If you’re looking for stable and consistent returns, you might want to have a look at funeral home stocks.
This particular industry is constantly growing and adapting to the needs of society, which puts it in a good position for future growth. Let’s take a look at five of the best Canadian funeral stocks to invest in right now.
What Are The Best Canadian Funeral Homes to Invest in?
Best Canadian Funeral Home Stocks
Funeral homes rank among some of the most popular types of stocks on the market, mainly because they’re always in demand and relevant in society. Among them, there are several funeral companies that stand out from the bunch, thanks to their ability to provide quality service in difficult times.
- Ticker: SCI
- Founded: 1962
- 2021 gross revenue: $3.87 billion
Service Corporation International is the largest funeral home operator in North America, with a strong presence in Canada. The company has a long track record of profitability and growth, even in times of crisis.
Most recently, SCI has expanded its funeral business by acquiring numerous smaller funeral home chains. With this kind of business strategy, the company is slowly but surely dominating the funeral home market.
The numbers are here to support this – the average stock price has been on a steady upward trend since September 2020, peaking in December of the following year at $70.09. Despite the slight dip in value in recent weeks, these funeral stocks have retained a decent price of $64.12 in February 2022. These numbers make them seem like a good choice for long-term investors.
- Ticker: PLC
- Founded: 1892
- 2021 gross revenue: $290.5 million
Park Lawn is one of the largest funeral home companies in Canada, with a network of over 100 locations across the country. It’s mainly focused on providing value-priced services, which has helped it grow steadily in recent years.
The company operates through a branch of 1.500 funeral homes and 400 cemeteries in 8 Canadian provinces and 43 US states. This vast network provides a significant competitive advantage, which is exactly how it’s managed to remain at the top of the game for so long.
In the fourth quarter of 2021, Park Lawn reported a 16% sales funds growth when compared to the previous year. There’s been little fluctuation in the median stock price, going as high as $38.74 in February 2022. This kind of stability and reliability ranks them among the most lucrative funeral home stocks in Canada.
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- Ticker: HI
- Founded: 1906
- 2021 gross revenue: $2.9 billion
Hillenbrand is a diversified industrial company with a strong focus on the funeral home industry. It operates through two main subsidiaries: Batesville, the largest provider of caskets and cremation products in North America; and Kavoklave, a leading supplier of funeral service equipment.
Given the diversity of their services and products, Hillenbrand is well-positioned to meet the needs of today’s consumers. For this reason, the brand has some of the top funeral home stocks in the last few years.
Regular cash flow and resource growth are evident in the company’s statistics as well. In spite of the global financial crisis caused by the pandemic, the average mortuary stocks have kept steady, reaching a peak of $51.9 in January 2022. These solid numbers will likely continue in the future, giving unitholders much to look forward to in the coming years.
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- Ticker: CSV
- Founded: 1991
- 2021 gross revenue: $375.9 million
This is yet another leading provider of deathcare services in North America, with over 200 private offices across the United States and Canada. It has a strong focus on providing affordable products and assistance to customers.
Services are offered through 183 burial homes and two major operating units – funerals and cemeteries. The funeral subdivision provides burial services and caskets, whereas the cemetery niche takes care of interment rights, memorials and vaults.
The company has slowly but surely expanded its business over the years and its stock value has followed suit. There was a notable spike in the price in late December 2021, reaching a high point of $64.4. Since then, the value of its death stocks has dwindled in value ever-so-slightly, coming to $54.6 in February 2022.
- Ticker: MATW
- Founded: 1850
- 2021 gross revenue: $1.67 billion
Matthews International Corp is another company that’s a part of the industrial equipment and services sector, in addition to its deathcare services.
Through its memorialization branch, it provides caskets as well as tombstone decorations throughout North America, Europe, Australia, and New Zealand. Similarly, its industrial branch offers a diverse range of products, such as crematorium accessories and memorials.
Thanks to its bubbling business on both ends, Matthews International Corporation ranks high among the funeral companies’ stock prices. The average value spiked in April 2021, coming in at $43.2. Since then, the numbers have experienced a slight oscillation around the $30 to $35 dollar mark. This predictable range makes it easier to spot abnormal developments and prompt action to encourage cash flow and avoid huge losses.
There you have it – these are just a few of the best Canadian funeral home stocks to invest in. If you’re looking for a reliable investment with good potential for growth and stable income, any of these companies would be a great choice. Investing in funeral homes is a big deal, so make sure to do your own research to find the best option for your current financial position. Happy investing!