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SKY

Skyline Champion NYSE:SKY Stock Report

Last Price

US$47.42

Market Cap

US$2.7b

7D

-1.0%

1Y

-13.7%

Updated

30 Jun, 2022

Data

Company Financials +
SKY fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends0/6

SKY Stock Overview

Skyline Champion Corporation produces and sells factory-built housing in North America.

Skyline Champion Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Skyline Champion
Historical stock prices
Current Share PriceUS$47.42
52 Week HighUS$85.92
52 Week LowUS$43.04
Beta1.78
1 Month Change-10.75%
3 Month Change-14.61%
1 Year Change-13.69%
3 Year Change74.60%
5 Year Changen/a
Change since IPO43.70%

Recent News & Updates

Jun 23
Should You Be Adding Skyline Champion (NYSE:SKY) To Your Watchlist Today?

Should You Be Adding Skyline Champion (NYSE:SKY) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Shareholder Returns

SKYUS Consumer DurablesUS Market
7D-1.0%-1.3%-0.6%
1Y-13.7%-34.7%-21.7%

Return vs Industry: SKY exceeded the US Consumer Durables industry which returned -33.7% over the past year.

Return vs Market: SKY exceeded the US Market which returned -20.8% over the past year.

Price Volatility

Is SKY's price volatile compared to industry and market?
SKY volatility
SKY Average Weekly Movement9.8%
Consumer Durables Industry Average Movement8.4%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: SKY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SKY's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20108,400Mark Yosthttps://ir.skylinechampion.com

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.

Skyline Champion Fundamentals Summary

How do Skyline Champion's earnings and revenue compare to its market cap?
SKY fundamental statistics
Market CapUS$2.70b
Earnings (TTM)US$248.04m
Revenue (TTM)US$2.21b

10.9x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKY income statement (TTM)
RevenueUS$2.21b
Cost of RevenueUS$1.62b
Gross ProfitUS$589.12m
Other ExpensesUS$341.08m
EarningsUS$248.04m

Last Reported Earnings

Apr 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.36
Gross Margin26.69%
Net Profit Margin11.24%
Debt/Equity Ratio5.8%

How did SKY perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SKY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SKY?

Other financial metrics that can be useful for relative valuation.

SKY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA6.6x
PEG Ratio6.4x

Price to Earnings Ratio vs Peers

How does SKY's PE Ratio compare to its peers?

SKY PE Ratio vs Peers
The above table shows the PE ratio for SKY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.1x
MTH Meritage Homes
3.2x-9.4%US$2.7b
TMHC Taylor Morrison Home
3.8x1.8%US$2.8b
KBH KB Home
3.7x-2.8%US$2.5b
IBP Installed Building Products
17.9x14.1%US$2.4b
SKY Skyline Champion
10.9x1.7%US$2.7b

Price-To-Earnings vs Peers: SKY is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (7.1x).


Price to Earnings Ratio vs Industry

How does SKY's PE Ratio compare vs other companies in the US Consumer Durables Industry?

Price-To-Earnings vs Industry: SKY is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the US Consumer Durables industry average (7x)


Price to Earnings Ratio vs Fair Ratio

What is SKY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SKY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ratio11.1x

Price-To-Earnings vs Fair Ratio: SKY is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.1x).


Share Price vs Fair Value

What is the Fair Price of SKY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SKY ($47.42) is trading below our estimate of fair value ($71.43)

Significantly Below Fair Value: SKY is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: SKY is poor value based on its PEG Ratio (6.4x)


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


1.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKY's forecast earnings growth (1.7% per year) is below the savings rate (1.9%).

Earnings vs Market: SKY's earnings (1.7% per year) are forecast to grow slower than the US market (13.7% per year).

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

Revenue vs Market: SKY's revenue (7.5% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: SKY's revenue (7.5% 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 SKY's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Skyline Champion performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


52.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SKY has high quality earnings.

Growing Profit Margin: SKY's current net profit margins (11.2%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: SKY's earnings have grown significantly by 52.9% per year over the past 5 years.

Accelerating Growth: SKY's earnings growth over the past year (193.4%) exceeds its 5-year average (52.9% per year).

Earnings vs Industry: SKY earnings growth over the past year (193.4%) exceeded the Consumer Durables industry 39.2%.


Return on Equity

High ROE: SKY's Return on Equity (30.1%) is considered high.


Discover strong past performing companies

Financial Health

How is Skyline Champion's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SKY's short term assets ($782.3M) exceed its short term liabilities ($350.1M).

Long Term Liabilities: SKY's short term assets ($782.3M) exceed its long term liabilities ($59.4M).


Debt to Equity History and Analysis

Debt Level: SKY has more cash than its total debt.

Reducing Debt: SKY's debt to equity ratio has reduced from 56.6% to 5.8% over the past 5 years.

Debt Coverage: SKY's debt is well covered by operating cash flow (468.7%).

Interest Coverage: SKY's interest payments on its debt are well covered by EBIT (132.5x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


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 SKY has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Mark Yost (49 yo)

3yrs

Tenure

US$5,765,742

Compensation

Mr. Mark J. Yost has 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 ($USD5.77M) is about average for companies of similar size in the US market ($USD6.89M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SKY's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: SKY's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SKY insiders have only sold shares 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 employee growth, exchange listings and data sources


Key Information

  • Name: Skyline Champion Corporation
  • Ticker: SKY
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Implied Market Cap: US$2.695b
  • Shares outstanding: 56.84m
  • Website: https://ir.skylinechampion.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/04/02
Annual Earnings2022/04/02


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.