CVCO Stock Overview
Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States.
No risks detected for CVCO from our risk checks.
Cavco Industries Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$241.59|
|52 Week High||US$327.24|
|52 Week Low||US$205.00|
|1 Month Change||2.40%|
|3 Month Change||-17.78%|
|1 Year Change||15.21%|
|3 Year Change||85.84%|
|5 Year Change||109.44%|
|Change since IPO||3,121.20%|
Recent News & Updates
Is Cavco Industries (NASDAQ:CVCO) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Cavco Industries Is In The Early Innings Of Growth
Cavco is a leading producer in an undersupplied vertical. This positions it well to capture strong margin and increasing profits. Yet CVCO trades at a low multiple which to me makes it opportunistic.
|CVCO||US Consumer Durables||US Market|
Return vs Industry: CVCO exceeded the US Consumer Durables industry which returned -27.9% over the past year.
Return vs Market: CVCO exceeded the US Market which returned -10.8% over the past year.
|CVCO Average Weekly Movement||7.2%|
|Consumer Durables Industry Average Movement||7.7%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: CVCO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: CVCO's weekly volatility (7%) has been stable over the past year.
About the Company
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|
Is CVCO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CVCO income statement (TTM)|
|Cost of Revenue||US$1.07b|
Last Reported Earnings
Jan 01, 2022
Next Earnings Date
|Earnings per share (EPS)||18.48|
|Net Profit Margin||11.85%|
How did CVCO perform over the long term?See historical performance and comparison
Is Cavco Industries undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVCO ($241.59) is trading below our estimate of fair value ($405.86)
Significantly Below Fair Value: CVCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVCO is poor value based on its PE Ratio (13.1x) compared to the US Consumer Durables industry average (8.5x).
PE vs Market: CVCO is good value based on its PE Ratio (13.1x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: CVCO is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: CVCO is overvalued based on its PB Ratio (2.7x) compared to the US Consumer Durables industry average (1.3x).
How is Cavco Industries forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVCO's forecast earnings growth (3.8% per year) is above the savings rate (1.9%).
Earnings vs Market: CVCO's earnings (3.8% per year) are forecast to grow slower than the US market (12.5% per year).
High Growth Earnings: CVCO's earnings are forecast to grow, but not significantly.
Revenue vs Market: CVCO's revenue (14% per year) is forecast to grow faster than the US market (7.9% per year).
High Growth Revenue: CVCO's revenue (14% 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
How has Cavco Industries performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVCO has high quality earnings.
Growing Profit Margin: CVCO's current net profit margins (11.9%) are higher than last year (6.1%).
Past Earnings Growth Analysis
Earnings Trend: CVCO's earnings have grown by 19.7% per year over the past 5 years.
Accelerating Growth: CVCO's earnings growth over the past year (163.6%) exceeds its 5-year average (19.7% per year).
Earnings vs Industry: CVCO earnings growth over the past year (163.6%) exceeded the Consumer Durables industry 45.1%.
Return on Equity
High ROE: CVCO's Return on Equity (21%) is considered high.
How is Cavco Industries's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: CVCO's short term assets ($703.5M) exceed its short term liabilities ($272.8M).
Long Term Liabilities: CVCO's short term assets ($703.5M) exceed its long term liabilities ($32.1M).
Debt to Equity History and Analysis
Debt Level: CVCO has more cash than its total debt.
Reducing Debt: CVCO's debt to equity ratio has reduced from 14.6% to 0.7% over the past 5 years.
Debt Coverage: CVCO's debt is well covered by operating cash flow (2701.2%).
Interest Coverage: CVCO's interest payments on its debt are well covered by EBIT (29.7x coverage).
What is Cavco Industries's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CVCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CVCO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CVCO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CVCO's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as CVCO has not reported any payouts.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Boor (55 yo)
Mr. William C. Boor, also known as Bill, has been the Chief Executive Officer of Great Lakes Brewing Company since September 2015. From December 2014 to September 2015, Mr. Boor was Principal of MIB Holdin...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD3.61M) is below average for companies of similar size in the US market ($USD5.45M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Experienced Management: CVCO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: CVCO's board of directors are considered experienced (3.3 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cavco Industries, Inc.'s employee growth, exchange listings and data sources
- Name: Cavco Industries, Inc.
- Ticker: CVCO
- Exchange: NasdaqGS
- Founded: 1965
- Industry: Homebuilding
- Sector: Consumer Durables
- Implied Market Cap: US$2.140b
- Shares outstanding: 9.16m
- Website: https://www.cavco.com
Number of Employees
- Cavco Industries, Inc.
- 3636 North Central Avenue
- Suite 1200
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/17 00:00|
|End of Day Share Price||2022/05/17 00:00|
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.