Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States.
Excellent balance sheet with proven track record.
Share Price & News
How has Cavco Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CVCO's share price has been volatile over the past 3 months.
7 Day Return
US Consumer Durables
1 Year Return
US Consumer Durables
Return vs Industry: CVCO exceeded the US Consumer Durables industry which returned -20.6% over the past year.
Return vs Market: CVCO exceeded the US Market which returned -10.7% over the past year.
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
11 hours ago | Simply Wall StTime To Worry? Analysts Are Downgrading Their Cavco Industries, Inc. (NASDAQ:CVCO) Outlook
1 week ago | Simply Wall StWhat Is Cavco Industries's (NASDAQ:CVCO) P/E Ratio After Its Share Price Tanked?
2 weeks ago | Simply Wall StDoes Cavco Industries, Inc.'s (NASDAQ:CVCO) Recent Track Record Look Strong?
Is Cavco Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVCO ($143.65) is trading below our estimate of fair value ($215.02)
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 (15.8x) compared to the Consumer Durables industry average (7.6x).
PE vs Market: CVCO is poor value based on its PE Ratio (15.8x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: CVCO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CVCO is overvalued based on its PB Ratio (2.2x) compared to the US Consumer Durables industry average (0.8x).
How is Cavco Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVCO's earnings are forecast to decline over the next 3 years (-5.8% per year).
Earnings vs Market: CVCO's earnings are forecast to decline over the next 3 years (-5.8% per year).
High Growth Earnings: CVCO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CVCO's revenue is expected to decline over the next 3 years (-1.1% per year).
High Growth Revenue: CVCO's revenue is forecast to decline over the next 3 years (-1.1% 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?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVCO has high quality earnings.
Growing Profit Margin: CVCO's current net profit margins (7.9%) are higher than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: CVCO's earnings have grown significantly by 27.9% per year over the past 5 years.
Accelerating Growth: CVCO's earnings growth over the past year (17.2%) is below its 5-year average (27.9% per year).
Earnings vs Industry: CVCO earnings growth over the past year (17.2%) exceeded the Consumer Durables industry 10%.
Return on Equity
High ROE: CVCO's Return on Equity (13.9%) is considered low.
How is Cavco Industries's financial position?
Financial Position Analysis
Short Term Liabilities: CVCO's short term assets ($502.0M) exceed its short term liabilities ($161.8M).
Long Term Liabilities: CVCO's short term assets ($502.0M) exceed its long term liabilities ($30.4M).
Debt to Equity History and Analysis
Debt Level: CVCO's debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: CVCO's debt to equity ratio has reduced from 21.5% to 2.5% over the past 5 years.
Debt Coverage: CVCO's debt is well covered by operating cash flow (566.6%).
Interest Coverage: Insufficient data to determine if CVCO's interest payments on its debt are well covered by EBIT.
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 33.5x debt).
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 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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Boor (53yo)
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 ...
|Executive VP||1yr||US$979.68k||0.24% $3.1m|
|Senior VP of Administration||no data||US$373.49k||0.019% $252.8k|
|President of Fleetwood Homes Inc||10.67yrs||US$872.58k||no data|
|Director of Financial Reporting & Investor Relations||no data||no data||no data|
|Executive VP||1.25yrs||no data||no data|
|Senior VP & Chief Human Resources Officer||0.42yr||no data||no data|
|President of Standard Casualty Company||1.25yrs||no data||0.00045% $6.0k|
|President of CountryPlace Mortgage||1.25yrs||no data||no data|
Experienced Management: CVCO's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Non-Executive Chairman of the Board||1yr||US$307.45k||0.0027% $36.2k|
|Independent Director||11.5yrs||US$362.06k||0.14% $1.8m|
|Independent Director||1.25yrs||US$463.00k||no data|
|Independent Director||0.25yr||no data||no data|
|Independent Director||1.17yrs||US$475.50k||no data|
|Independent Director||0.92yr||no data||0.0016% $21.7k|
Experienced Board: CVCO's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
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 company bio, employee growth, exchange listings and data sources
- Name: Cavco Industries, Inc.
- Ticker: CVCO
- Exchange: NasdaqGS
- Founded: 1965
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$1.325b
- Shares outstanding: 9.14m
- Website: https://www.cavco.com
Number of Employees
- Cavco Industries, Inc.
- 3636 North Central Avenue
- Suite 1200
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CVCO||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 2003|
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 Lexington brands. It also builds park model RVs; vacation cabins; and systems-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. In addition, the company produces modular homes, such as single and multi-module ranch, split-level, and Cape Cod style homes, as well as two and three story homes and multi-family units primarily under the Nationwide Homes brand. Further, it provides conforming mortgages, non-conforming mortgages, and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail sales centers, as well as various independent distributors, builders, communities, and developers. Additionally, the company offers property and casualty insurance to owners of manufactured homes. As of March 30, 2019, it operated 38 retail centers in Oregon, Arizona, New Mexico, Texas, Oklahoma, and Florida, Texas. The company also distributes its homes through a network of independent distribution points in 44 states and Canada; and through planned community operators and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 04:19|
|End of Day Share Price||2020/03/31 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.