Cavco Industries
Market Cap
US$1.8b
Last Updated
2019/10/17 23:42 UTC
Data Sources
Company Financials +
Executive Summary
Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States.
Snowflake
Fundamentals
Excellent balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Cavco Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
6.2%
CVCO
2.8%
US Consumer Durables
1.8%
US Market
1 Year Return
-4.7%
CVCO
42.6%
US Consumer Durables
7.3%
US Market
Return vs Industry: CVCO underperformed the US Consumer Durables industry which returned 42.6% over the past year.
Return vs Market: CVCO underperformed the US Market which returned 7.3% over the past year.
Shareholder returns
| CVCO | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.2% | 2.8% | 1.8% |
| 30 Day | 0.7% | 3.3% | -0.7% |
| 90 Day | 26.3% | 7.9% | 0.06% |
| 1 Year | -4.7%-4.7% | 44.5%42.6% | 9.7%7.3% |
| 3 Year | 116.1%116.1% | 52.3%47.6% | 46.3%36.9% |
| 5 Year | 177.6%177.6% | 41.7%32.8% | 64.5%46.5% |
Price Volatility Vs. Market
How volatile is Cavco Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Did Cavco Industries, Inc. (NASDAQ:CVCO) Use Debt To Deliver Its ROE Of 13%?3 weeks ago | Simply Wall St
Are Cavco Industries, Inc.’s (NASDAQ:CVCO) High Returns Really That Great?1 month ago | Simply Wall St
Introducing Cavco Industries (NASDAQ:CVCO), The Stock That Zoomed 196% In The Last Five YearsValuation
Is Cavco Industries undervalued compared to its fair value and its price relative to the market?
25.92x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: CVCO ($200.12) is trading above our estimate of fair value ($71.01)
Significantly Undervalued: CVCO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CVCO is poor value based on its PE Ratio (25.9x) compared to the Consumer Durables industry average (13.6x).
PE vs Market: CVCO is poor value based on its PE Ratio (25.9x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: CVCO is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: CVCO is overvalued based on its PB Ratio (3.3x) compared to the US Consumer Durables industry average (1.6x).
Next Steps
Future Growth
How is Cavco Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
12.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVCO's forecast earnings growth (12.5% per year) is above the savings rate (2.7%).
Earnings vs Market: CVCO's earnings (12.5% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: CVCO's earnings are forecast to grow, but not significantly.
Revenue vs Market: CVCO's revenue (8.1% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: CVCO's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if CVCO's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Cavco Industries performed over the past 5 years?
28.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CVCO's earnings have grown significantly by 28.8% per year over the past 5 years.
Accelerating Growth: CVCO's earnings growth over the past year (1.2%) is below its 5-year average (28.8% per year).
Earnings vs Industry: CVCO earnings growth over the past year (1.2%) underperformed the Consumer Durables industry 13.5%.
Return on Equity
High ROE: CVCO's Return on Equity (12.8%) is considered low.
Return on Assets
ROA vs Industry: CVCO has a higher Return on Assets than the Consumer Durables industry average last year.
Return on Capital Employed
ROCE Improving: CVCO has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Cavco Industries's financial position?
Financial Position Analysis
Short Term Liabilities: CVCO's short term assets ($479.0M) exceeds its short term liabilities ($175.3M)
Long Term Liabilities: CVCO's short term assets (479.0M) exceeds its long term liabilities (30.4M)
Debt to Equity History and Analysis
Debt Level: CVCO's debt to equity ratio (6%) is considered satisfactory
Reducing Debt: CVCO's debt to equity ratio has reduced from 23.2% to 6% over the past 5 years.
Debt Coverage: CVCO's debt is well covered by operating cash flow (155.5%).
Interest Coverage: Insufficient data to determine if CVCO's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: CVCO has a high level of physical assets or inventory.
Debt Coverage by Assets: CVCO's debt is covered by short term assets (assets are 14.391010x debt).
Next Steps
Dividend
What is Cavco Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate CVCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CVCO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if CVCO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CVCO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CVCO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Cavco Industries's salary, the management and board of directors tenure and is there insider trading?
0.8yrs
Average management tenure
CEO
Bill Boor (53yo)
0.5yrs
Tenure
US$407,520
Compensation
Mr. William C. Boor, also known as Bill, has been the Chief Executive Officer of Great Lakes Brewing Company since September 2015. From December 2014 to September 2015, Mr. Boor was Principal of MIB Holdin ...
Management Age and Tenure
0.8yrs
Average Tenure
59yo
Average Age
Experienced Management: CVCO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Age and Tenure
0.8yrs
Average Tenure
58yo
Average Age
Experienced Board: CVCO's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Unit President President of Fleetwood Homes Inc |
| Shares | 2,032 |
| Max Price | US$165.03 |
Ownership Breakdown
Management Team
Larry Keener (69yo)
President of Palm Harbor Villages Inc
- Tenure: 0yrs
- Compensation: US$892.59k
Steven Like (62yo)
Senior VP of Administration
- Tenure: 0yrs
- Compensation: US$373.49k
Bill Boor (53yo)
President
- Tenure: 0.5yrs
- Compensation: US$407.52k
Charles Lott (71yo)
President of Fleetwood Homes Inc
- Tenure: 10.2yrs
- Compensation: US$872.58k
Dan Urness (51yo)
Executive VP
- Tenure: 0.5yrs
- Compensation: US$979.68k
Mick Dragash (49yo)
Executive VP
- Tenure: 0.8yrs
Gavin Ryan (59yo)
President of Standard Casualty Company
- Tenure: 0.8yrs
Joshua Barsetti (39yo)
Chief Accounting Officer
- Tenure: 1.2yrs
- Compensation: US$417.98k
Mark Fusler
Director of Financial Reporting
- Tenure: 5.7yrs
Lyle Zeller (63yo)
President of CountryPlace Mortgage
- Tenure: 0.8yrs
Board Members
Steve Bunger (58yo)
Non-Executive Chairman of the Board
- Tenure: 0.5yrs
- Compensation: US$307.45k
Bill Boor (53yo)
President
- Tenure: 0.5yrs
- Compensation: US$407.52k
David Greenblatt (58yo)
Independent Director
- Tenure: 11yrs
- Compensation: US$362.06k
Susan Blount (61yo)
Independent Director
- Tenure: 0.8yrs
- Compensation: US$463.00k
Rich Kerley (69yo)
Independent Director
- Tenure: 0.7yrs
- Compensation: US$475.50k
Company Information
Cavco Industries, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cavco Industries, Inc.
- Ticker: CVCO
- Exchange: NasdaqGS
- Founded: 1965
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$1.824b
- Shares outstanding: 9.12m
- Website: https://www.cavco.com
Number of Employees
Location
- Cavco Industries, Inc.
- 3636 North Central Avenue
- Suite 1200
- Phoenix
- Arizona
- 85012
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CVCO | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 2003 |
Biography
Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its m ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 23:42 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/29 |
| Annual Earnings | 2019/03/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.