NYSE:SKY

Stock Analysis Report

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Executive Summary

Skyline Champion Corporation operates as a factory-built housing company in North America. More Details

Rewards

Earnings are forecast to grow 19.09% per year

Became profitable this year

Risk Analysis

No risks detected for SKY from our risk checks.


Snowflake Analysis

Excellent balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Skyline Champion's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SKY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.2%

SKY

-4.2%

US Consumer Durables

-0.4%

US Market


1 Year Return

-11.9%

SKY

16.5%

US Consumer Durables

18.3%

US Market

Return vs Industry: SKY underperformed the US Consumer Durables industry which returned 16.5% over the past year.

Return vs Market: SKY underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

SKYIndustryMarket
7 Day-0.2%-4.2%-0.4%
30 Day0.3%6.2%8.0%
90 Day3.5%15.2%9.4%
1 Year-11.9%-11.9%18.0%16.5%21.0%18.3%
3 Yearn/a18.0%13.2%42.1%32.7%
5 Yearn/a50.2%40.7%85.6%64.7%

Price Volatility Vs. Market

How volatile is Skyline Champion's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Skyline Champion undervalued compared to its fair value and its price relative to the market?

29.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SKY ($27.09) is trading above our estimate of fair value ($18.11)

Significantly Below Fair Value: SKY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SKY is poor value based on its PE Ratio (29.1x) compared to the US Consumer Durables industry average (14.1x).

PE vs Market: SKY is poor value based on its PE Ratio (29.1x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: SKY is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: SKY is overvalued based on its PB Ratio (3.1x) compared to the US Consumer Durables industry average (1.6x).


Next Steps

Future Growth

How is Skyline Champion forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

19.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKY's forecast earnings growth (19.1% per year) is above the savings rate (2.2%).

Earnings vs Market: SKY's earnings (19.1% per year) are forecast to grow slower than the US market (22.1% per year).

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

Revenue vs Market: SKY's revenue (6.2% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: SKY's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SKY's Return on Equity is forecast to be low in 3 years time (13%).


Next Steps

Past Performance

How has Skyline Champion performed over the past 5 years?

8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKY has high quality earnings.

Growing Profit Margin: SKY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SKY has become profitable over the past 5 years, growing earnings by 8.7% per year.

Accelerating Growth: SKY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SKY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (20.9%).


Return on Equity

High ROE: SKY's Return on Equity (10.8%) is considered low.


Next Steps

Financial Health

How is Skyline Champion's financial position?


Financial Position Analysis

Short Term Liabilities: SKY's short term assets ($411.8M) exceed its short term liabilities ($177.6M).

Long Term Liabilities: SKY's short term assets ($411.8M) exceed its long term liabilities ($123.4M).


Debt to Equity History and Analysis

Debt Level: SKY's debt to equity ratio (21.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SKY's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SKY's debt is well covered by operating cash flow (77%).

Interest Coverage: SKY's interest payments on its debt are well covered by EBIT (38.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Skyline Champion current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SKY'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 SKY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SKY'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 SKY'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?

1.3yrs

Average management tenure


CEO

Mark Yost (48 yo)

1.33yrs

Tenure

US$3,667,094

Compensation

Mr. Mark J. Yost had been the President and Chief Executive Officer of Skyline Corporation since June 1, 2019 and served as its Executive Vice President from June 4, 2018 to June 1, 2019 and served as its ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD3.67M) is about average for companies of similar size in the US market ($USD4.43M).

Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Yost
President1.33yrsUS$3.67m0.70%
$ 10.7m
Laurie Hough
Executive VP2.33yrsUS$1.73m0.20%
$ 3.0m
Joseph Kimmell
Executive Vice President of Operations1.25yrsUS$1.16m0.055%
$ 836.9k
Robert Spence
Senior VP1.25yrsUS$1.04m0.0045%
$ 68.5k
Jonathan Lyall
Executive Vice President of Sales & Business Development1.25yrsUS$1.16m0.064%
$ 975.2k
Sarah Janowicz
Director of Investor Relationsno datano datano data
Timothy Burkhardt
VP & Controller2.33yrsno data0.057%
$ 871.2k

1.3yrs

Average Tenure

49yo

Average Age

Experienced Management: SKY's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mark Yost
President1.33yrsUS$3.67m0.70%
$ 10.7m
John Firth
Independent Director14.75yrsUS$189.97k0.030%
$ 465.0k
Timothy Bernlohr
Independent Chairman of the Board2.33yrsUS$232.47k0.10%
$ 1.6m
Michael Berman
Independent Director1.92yrsUS$190.97k0.012%
$ 180.7k
Gary Robinette
Independent Director2.33yrsUS$193.47k0.066%
$ 1.0m
Eddie Capel
Independent Additional Director1.08yrsUS$127.62k0%
$ 0
Michael Kaufman
Independent Director2.33yrsno data0%
$ 0
Erin Nelson
Independent Additional Director1.08yrsUS$127.62k0%
$ 0
Keith Anderson
Director2.33yrsUS$779.14k0.90%
$ 13.8m

2.3yrs

Average Tenure

59yo

Average Age

Experienced Board: SKY's board of directors are not considered experienced ( 2.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Skyline Champion Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Skyline Champion Corporation
  • Ticker: SKY
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: US$1.535b
  • Shares outstanding: 56.67m
  • Website: https://www.skylinechampion.com

Number of Employees


Location

  • Skyline Champion Corporation
  • 755 West Big Beaver Road
  • Suite 1000
  • Troy
  • Michigan
  • 48084
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SKYNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2018

Biography

Skyline Champion Corporation operates as a factory-built housing company in North America. The company offers manufactured and modular homes, as well as park-models and modular buildings for the multi-fami ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 00:54
End of Day Share Price2020/10/23 00:00
Earnings2020/06/27
Annual Earnings2020/03/28


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.