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CVCO

Cavco IndustriesNasdaqGS:CVCO Stock Report

Market Cap

US$2.2b

7D

3.8%

1Y

40.9%

Updated

25 Oct, 2021

Data

Company Financials +
CVCO fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends0/6

CVCO Overview

Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States.

Rewards

Earnings are forecast to grow 14.87% per year

Earnings have grown 16.4% per year over the past 5 years

Risk Analysis

No risks detected for CVCO from our risk checks.

Cavco Industries Competitors

Meritage Homes

NYSE:MTH

US$4.0b

Skyline Champion

NYSE:SKY

US$3.6b

LGI Homes

NasdaqGS:LGIH

US$3.6b

M.D.C. Holdings

NYSE:MDC

US$3.6b

Price History & Performance

Summary of all time highs, changes and price drops for Cavco Industries
Historical stock prices
Current Share PriceUS$241.00
52 Week HighUS$162.93
52 Week LowUS$266.40
Beta1.14
1 Month Change-1.55%
3 Month Change5.93%
1 Year Change40.91%
3 Year Change23.61%
5 Year Change160.82%
Change since IPO3,113.33%

Recent News & Updates

Aug 08
Cavco Industries (NASDAQ:CVCO) Is Doing The Right Things To Multiply Its Share Price

Cavco Industries (NASDAQ:CVCO) Is Doing The Right Things To Multiply Its Share Price

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...

Shareholder Returns

CVCOUS Consumer DurablesUS Market
7D3.8%1.5%1.9%
1Y40.9%34.5%33.4%

Return vs Industry: CVCO exceeded the US Consumer Durables industry which returned 29.9% over the past year.

Return vs Market: CVCO exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is CVCO's price volatile compared to industry and market?
CVCO volatility
CVCO Beta1.14
Industry Beta1.47
Market Beta1

Stable Share Price: CVCO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CVCO's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19654,700Bill Boorhttps://www.cavco.com

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 manufactured homes under the Cavco, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle, and Destiny brands.

Cavco Industries Fundamentals Summary

How do Cavco Industries's earnings and revenue compare to its market cap?
CVCO fundamental statistics
Market CapUS$2.21b
Earnings (TTM)US$87.02m
Revenue (TTM)US$1.18b

25.4x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVCO income statement (TTM)
RevenueUS$1.18b
Cost of RevenueUS$923.99m
Gross ProfitUS$236.56m
ExpensesUS$149.54m
EarningsUS$87.02m

Last Reported Earnings

Jul 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)9.47
Gross Margin19.99%
Net Profit Margin7.35%
Debt/Equity Ratio1.6%

How did CVCO perform over the long term?

See historical performance and comparison

Valuation

Is Cavco Industries undervalued compared to its fair value and its price relative to the market?

25.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CVCO ($241) is trading above our estimate of fair value ($165.79)

Significantly Below Fair Value: 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 (25.4x) compared to the US Consumer Durables industry average (10.5x).

PE vs Market: CVCO is poor value based on its PE Ratio (25.4x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: CVCO is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: CVCO is overvalued based on its PB Ratio (3.2x) compared to the US Consumer Durables industry average (1.9x).


Future Growth

How is Cavco Industries forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

14.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVCO's forecast earnings growth (14.9% per year) is above the savings rate (2%).

Earnings vs Market: CVCO's earnings (14.9% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: CVCO's earnings are forecast to grow, but not significantly.

Revenue vs Market: CVCO's revenue (9.6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: CVCO's revenue (9.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CVCO's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Cavco Industries performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVCO has high quality earnings.

Growing Profit Margin: CVCO's current net profit margins (7.4%) are higher than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: CVCO's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: CVCO's earnings growth over the past year (24.2%) exceeds its 5-year average (16.4% per year).

Earnings vs Industry: CVCO earnings growth over the past year (24.2%) underperformed the Consumer Durables industry 78.8%.


Return on Equity

High ROE: CVCO's Return on Equity (12.4%) is considered low.


Financial Health

How is Cavco Industries's financial position?


Financial Position Analysis

Short Term Liabilities: CVCO's short term assets ($667.9M) exceed its short term liabilities ($242.2M).

Long Term Liabilities: CVCO's short term assets ($667.9M) exceed its long term liabilities ($29.6M).


Debt to Equity History and Analysis

Debt Level: CVCO's debt to equity ratio (1.6%) is considered satisfactory.

Reducing Debt: CVCO's debt to equity ratio has reduced from 16.5% to 1.6% over the past 5 years.

Debt Coverage: CVCO's debt is well covered by operating cash flow (896%).

Interest Coverage: CVCO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Cavco Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CVCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CVCO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Bill Boor (55 yo)

2.5yrs

Tenure

US$3,606,222

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...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD3.61M) is about average for companies of similar size in the US market ($USD3.49M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CVCO's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: CVCO's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cavco Industries, Inc.'s 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$2.214b
  • Shares outstanding: 9.19m
  • Website: https://www.cavco.com

Number of Employees


Location

  • Cavco Industries, Inc.
  • 3636 North Central Avenue
  • Suite 1200
  • Phoenix
  • Arizona
  • 85012
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 23:10
End of Day Share Price2021/10/25 00:00
Earnings2021/07/03
Annual Earnings2021/04/03


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.