| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
CVCO Overview
Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States.
Rewards
Risk Analysis
No risks detected for CVCO from our risk checks.
Cavco Industries Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$241.00 |
| 52 Week High | US$162.93 |
| 52 Week Low | US$266.40 |
| Beta | 1.14 |
| 1 Month Change | -1.55% |
| 3 Month Change | 5.93% |
| 1 Year Change | 40.91% |
| 3 Year Change | 23.61% |
| 5 Year Change | 160.82% |
| Change since IPO | 3,113.33% |
Recent News & Updates
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
| CVCO | US Consumer Durables | US Market | |
|---|---|---|---|
| 7D | 3.8% | 1.5% | 1.9% |
| 1Y | 40.9% | 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
| CVCO volatility | |
|---|---|
| CVCO Beta | 1.14 |
| Industry Beta | 1.47 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1965 | 4,700 | Bill Boor | https://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
| CVCO fundamental statistics | |
|---|---|
| Market Cap | US$2.21b |
| Earnings (TTM) | US$87.02m |
| Revenue (TTM) | US$1.18b |
25.4x
P/E Ratio1.9x
P/S RatioIs CVCO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CVCO income statement (TTM) | |
|---|---|
| Revenue | US$1.18b |
| Cost of Revenue | US$923.99m |
| Gross Profit | US$236.56m |
| Expenses | US$149.54m |
| Earnings | US$87.02m |
Last Reported Earnings
Jul 03, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 9.47 |
| Gross Margin | 19.99% |
| Net Profit Margin | 7.35% |
| Debt/Equity Ratio | 1.6% |
How did CVCO perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 23:10 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/07/03 |
| Annual Earnings | 2021/04/03 |
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.