Skyline Champion
Market Cap
US$1.8b
Last Updated
2019/10/19 00:48 UTC
Data Sources
Company Financials +
Executive Summary
Skyline Champion Corporation operates as a factory-built housing company in North America.
Snowflake
Fundamentals
Excellent balance sheet with reasonable growth potential.
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
Market Performance
7 Day Return
7.4%
SKY
2.6%
US Consumer Durables
0.4%
US Market
1 Year Return
29.1%
SKY
45.1%
US Consumer Durables
6.9%
US Market
Return vs Industry: SKY underperformed the US Consumer Durables industry which returned 45.1% over the past year.
Return vs Market: SKY exceeded the US Market which returned 6.9% over the past year.
Shareholder returns
| SKY | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.4% | 2.6% | 0.4% |
| 30 Day | 0.9% | 3.0% | -1.2% |
| 90 Day | 14.8% | 8.0% | -0.4% |
| 1 Year | 29.1%29.1% | 47.1%45.1% | 9.3%6.9% |
| 3 Year | n/a | 53.2%48.5% | 45.8%36.4% |
| 5 Year | n/a | 41.9%33.0% | 62.9%45.1% |
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
3 days ago | Simply Wall St
Did Skyline Champion's (NYSE:SKY) Share Price Deserve to Gain 11%?1 month ago | Simply Wall St
Calculating The Intrinsic Value Of Skyline Champion Corporation (NYSE:SKY)2 months ago | Simply Wall St
Have Skyline Champion Corporation (NYSE:SKY) Insiders Been Selling Their Stock?Valuation
Is Skyline Champion undervalued compared to its fair value and its price relative to the market?
4.1x
Price to Book (PB) ratio
Share Price vs. Fair Value
Undervalued: SKY ($31.28) is trading above our estimate of fair value ($26.86)
Significantly Undervalued: SKY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SKY is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.
PE vs Market: SKY is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate SKY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SKY is overvalued based on its PB Ratio (4.1x) 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?
30.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).
Earnings vs Market: SKY is forecast to become profitable over the next 3 year, which is considered above average market growth.
High Growth Earnings: SKY's loss is forecast to worsen by 0% next year.
Revenue vs Market: SKY's revenue (7.3% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: SKY's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SKY's Return on Equity is forecast to be low in 3 years time (17.1%).
Next Steps
Past Performance
How has Skyline Champion performed over the past 5 years?
-38.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SKY is unprofitable, and losses have increased over the past 5 years at a rate of -38.8% per year.
Accelerating Growth: Unable to compare SKY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SKY is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (13.5%).
Return on Equity
High ROE: SKY has a negative Return on Equity (-9.25%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: SKY is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: SKY is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Skyline Champion's financial position?
Financial Position Analysis
Short Term Liabilities: SKY's short term assets ($328.6M) exceeds its short term liabilities ($204.5M)
Long Term Liabilities: SKY's short term assets (328.6M) exceeds its long term liabilities (85.8M)
Debt to Equity History and Analysis
Debt Level: SKY's debt to equity ratio (19%) is considered satisfactory
Reducing Debt: Insufficient data to determine if SKY's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: SKY has a high level of physical assets or inventory.
Debt Coverage by Assets: SKY's debt is covered by short term assets (assets are 4.007500x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SKY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SKY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 54.9% per year.
Next Steps
Dividend
What is Skyline Champion's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate SKY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SKY's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of Skyline Champion's salary, the management and board of directors tenure and is there insider trading?
0.4yrs
Average management tenure
CEO
Mark Yost (47yo)
0.3yrs
Tenure
US$11,729,432
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: Insufficient data to establish whether Mark's total compensation is reasonable compared to companies of similar size in the US market.
Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.
Management Age and Tenure
0.4yrs
Average Tenure
48yo
Average Age
Experienced Management: SKY's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Age and Tenure
1.3yrs
Average Tenure
58yo
Average Age
Experienced Board: SKY's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: SKY insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of US Operations |
| Shares | 10,000 |
| Max Price | US$30.20 |
| Entity | Company |
| Shares | 71,200 |
| Max Price | US$29.35 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of US Operations |
| Shares | 3,000 |
| Max Price | US$29.37 |
| Entity | Individual |
| Shares | 13,578 |
| Max Price | US$25.71 |
| Entity | Individual |
| Shares | 9,403 |
| Max Price | US$24.50 |
| Entity | Company |
| Shares | 600,000 |
| Max Price | US$24.24 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$25.00 |
| Entity | Company |
| Shares | 4,313,071 |
| Max Price | US$20.21 |
| Entity | Company |
| Shares | 1,500,000 |
| Max Price | US$20.21 |
| Entity | Company |
| Shares | 4,787,131 |
| Max Price | US$20.21 |
| Entity | Company |
| Shares | 4,713,071 |
| Max Price | US$20.21 |
| Entity | Company |
| Shares | 262,500 |
| Max Price | US$21.80 |
| Entity | Company |
| Shares | 150,000 |
| Max Price | US$21.80 |
| Entity | Company |
| Shares | 262,500 |
| Max Price | US$21.80 |
| Entity | Company |
| Shares | 1,750,000 |
| Max Price | US$21.80 |
| Entity | Company |
| Shares | 1,750,000 |
| Max Price | US$21.80 |
| Entity | Company |
| Shares | 1,000,000 |
| Max Price | US$21.80 |
Ownership Breakdown
Management Team
Mark Yost (47yo)
President
- Tenure: 0.3yrs
- Compensation: US$11.73m
Tim Burkhardt (47yo)
VP & Controller
- Tenure: 0yrs
Laurie Hough (49yo)
Executive VP
- Tenure: 0yrs
- Compensation: US$6.68m
Joe Kimmell (61yo)
Executive Vice President of US Operations
- Tenure: 0.4yrs
- Compensation: US$5.64m
Jonathan Lyall (47yo)
Executive Vice President of US Business Development
- Tenure: 0.4yrs
- Compensation: US$5.64m
Robert Spence (62yo)
Senior VP
- Tenure: 0.3yrs
Board Members
John Firth (61yo)
Director
- Tenure: 13.8yrs
- Compensation: US$208.73k
Tim Bernlohr (60yo)
Chairman of the Board
- Tenure: 1.3yrs
- Compensation: US$226.79k
Michael Berman (61yo)
Director
- Tenure: 0.9yrs
- Compensation: US$128.44k
Gary Robinette (70yo)
Director
- Tenure: 1.3yrs
- Compensation: US$183.19k
Eddie Capel (58yo)
Additional Director
- Tenure: 0.08yrs
Mark Yost (47yo)
President
- Tenure: 0.3yrs
- Compensation: US$11.73m
Erin Nelson (50yo)
Additional Director
- Tenure: 0.08yrs
Keith Anderson (57yo)
Director
- Tenure: 1.3yrs
- Compensation: US$28.27m
Michael Kaufman (47yo)
Director
- Tenure: 1.3yrs
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$1.774b
- Shares outstanding: 56.72m
- Website: https://ir.skylinechampion.com
Number of Employees
Location
- Skyline Champion Corporation
- 2520 By-Pass Road
- PO Box 743
- Elkhart
- Indiana
- 46515
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SKY | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 00:48 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/29 |
| Annual Earnings | 2019/03/30 |
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.