NasdaqGS:CVCO

Stock Analysis Report

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.

Risks

  • Cavco Industries is covered by less than 3 analysts.

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

-4.3%

CVCO

-1.3%

US Consumer Durables

-0.6%

US Market


1 Year Return

-22.6%

CVCO

12.7%

US Consumer Durables

0.7%

US Market

CVCO underperformed the Consumer Durables industry which returned 12.7% over the past year.

CVCO underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

CVCOIndustryMarket
7 Day-4.3%-1.3%-0.6%
30 Day3.8%1.3%2.9%
90 Day21.1%4.5%1.3%
1 Year-22.6%-22.6%14.2%12.7%2.9%0.7%
3 Year102.4%102.4%44.1%39.8%44.6%35.2%
5 Year182.3%182.3%37.0%28.6%61.9%44.2%

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 month ago | Simply Wall St

Here's What Cavco Industries, Inc.'s (NASDAQ:CVCO) P/E Is Telling Us

Valuation

Is Cavco Industries undervalued based on future cash flows and its price relative to the stock market?

24.83x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Cavco Industries's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Cavco Industries's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Cavco Industries is overvalued based on earnings compared to the US Consumer Durables industry average.

Cavco Industries is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Cavco Industries is poor value based on expected growth next year.


Price Based on Value of Assets

Cavco Industries is overvalued based on assets compared to the US Consumer Durables industry average.


Next Steps

Future Growth

How is Cavco Industries expected 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 Estimates


Future Annual Growth Analysis

Cavco Industries's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).

Cavco Industries's earnings are expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).

Cavco Industries's revenue growth is expected to exceed the United States of America market average.

Cavco Industries's earnings growth is positive but not above the United States of America market average.

Cavco Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Cavco Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Cavco Industries has delivered over 20% year on year earnings growth in the past 5 years.

Cavco Industries's 1-year earnings growth is less than its 5-year average (1.2% vs 28.8%)

Cavco Industries's earnings growth has not exceeded the US Consumer Durables industry average in the past year (1.2% vs 17.1%).


Return on Equity

Cavco Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Cavco Industries used its assets more efficiently than the US Consumer Durables industry average last year based on Return on Assets.


Return on Capital Employed

Cavco Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Cavco Industries's financial position?


Financial Position Analysis

Cavco Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Cavco Industries's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Cavco Industries's level of debt (6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (23.2% vs 6% today).

Debt is well covered by operating cash flow (155.5%, greater than 20% of total debt).

Unable to confirm if the interest payments on Cavco Industries's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 14.4x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Cavco Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Cavco Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Cavco Industries has not reported any payouts.

Unable to verify if Cavco Industries's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Cavco Industries has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Cavco Industries's salary, the management and board of directors tenure and is there insider trading?

0.7yrs

Average management tenure


CEO

Bill Boor (53yo)

0.4yrs

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

0.7yrs

Average Tenure

59yo

Average Age

The average tenure for the Cavco Industries management team is less than 2 years, this suggests a new team.


Board Age and Tenure

0.7yrs

Average Tenure

58yo

Average Age

The average tenure for the Cavco Industries board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$335,33506 Dec 18
Charles Lott
EntityIndividual
Role
Unit President
President of Fleetwood Homes Inc
Shares2,032
Max PriceUS$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: 0.4yrs
    • Compensation: US$407.52k
  • Charles Lott (71yo)

    President of Fleetwood Homes Inc

    • Tenure: 10.1yrs
    • Compensation: US$872.58k
  • Dan Urness (51yo)

    Executive VP

    • Tenure: 0.4yrs
    • Compensation: US$979.68k
  • Mick Dragash (49yo)

    Executive VP

    • Tenure: 0.7yrs
  • Gavin Ryan (59yo)

    President of Standard Casualty Company

    • Tenure: 0.7yrs
  • Joshua Barsetti (39yo)

    Chief Accounting Officer

    • Tenure: 1.1yrs
    • Compensation: US$417.98k
  • Mark Fusler

    Director of Financial Reporting

    • Tenure: 5.6yrs
  • Lyle Zeller (63yo)

    President of CountryPlace Mortgage

    • Tenure: 0.7yrs

Board Members

  • Steve Bunger (58yo)

    Non-Executive Chairman of the Board

    • Tenure: 0.4yrs
    • Compensation: US$307.45k
  • Bill Boor (53yo)

    President

    • Tenure: 0.4yrs
    • Compensation: US$407.52k
  • David Greenblatt (58yo)

    Director

    • Tenure: 10.9yrs
    • Compensation: US$362.06k
  • Susan Blount (61yo)

    Independent Director

    • Tenure: 0.7yrs
    • Compensation: US$463.00k
  • Rich Kerley (69yo)

    Independent Director

    • Tenure: 0.6yrs
    • 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$1.748b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CVCONasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:43
End of Day Share Price2019/09/20 00:00
Earnings2019/06/29
Annual Earnings2019/03/30


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.