Overall CVCO gets a fundamental rating of 6 out of 10. We evaluated CVCO against 60 industry peers in the Household Durables industry. CVCO gets an excellent profitability rating and is at the same time showing great financial health properties. CVCO is valued quite expensive, but it does show an excellent growth. This makes CVCO very considerable for growth and quality investing!

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

CVCO had positive earnings in the past year.
In the past year CVCO had a positive cash flow from operations.
In the past 5 years CVCO has always been profitable.
Each year in the past 5 years CVCO had a positive operating cash flow.

1.2 Ratios

CVCO's Return On Assets of 13.58% is amongst the best of the industry. CVCO outperforms 93.33% of its industry peers.
The Return On Equity of CVCO (18.12%) is better than 78.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 16.66%, CVCO belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
CVCO had an Average Return On Invested Capital over the past 3 years of 17.08%. This is significantly above the industry average of 9.71%.

		Industry Rank	Sector Rank
ROA	13.58%
ROE	18.12%
ROIC	16.66%

ROA(3y)14.07%

ROA(5y)13.47%

ROE(3y)18.66%

ROE(5y)18.2%

ROIC(3y)17.08%

ROIC(5y)16.01%

1.3 Margins

CVCO's Profit Margin of 9.18% is fine compared to the rest of the industry. CVCO outperforms 80.00% of its industry peers.
In the last couple of years the Profit Margin of CVCO has grown nicely.
CVCO has a better Operating Margin (10.97%) than 71.67% of its industry peers.
CVCO's Operating Margin has improved in the last couple of years.
CVCO has a Gross Margin of 23.79%. This is in the lower half of the industry: CVCO underperforms 60.00% of its industry peers.
In the last couple of years the Gross Margin of CVCO has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	10.97%
PM (TTM)	9.18%
GM	23.79%

OM growth 3Y-7.23%

OM growth 5Y3.74%

PM growth 3Y-11.27%

PM growth 5Y3.71%

GM growth 3Y-2.75%

GM growth 5Y1.25%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

CVCO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CVCO has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CVCO has less shares outstanding
CVCO has a better debt/assets ratio than last year.

2.2 Solvency

CVCO has an Altman-Z score of 12.61. This indicates that CVCO is financially healthy and has little risk of bankruptcy at the moment.
CVCO's Altman-Z score of 12.61 is amongst the best of the industry. CVCO outperforms 95.00% of its industry peers.
CVCO has a debt to FCF ratio of 0.04. This is a very positive value and a sign of high solvency as it would only need 0.04 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.04, CVCO belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
CVCO has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
CVCO has a better Debt to Equity ratio (0.01) than 80.00% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.01
Debt/FCF	0.04
Altman-Z	12.61

ROIC/WACC1.75

WACC9.53%

2.3 Liquidity

CVCO has a Current Ratio of 2.94. This indicates that CVCO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.94, CVCO is in line with its industry, outperforming 55.00% of the companies in the same industry.
A Quick Ratio of 2.13 indicates that CVCO has no problem at all paying its short term obligations.
The Quick ratio of CVCO (2.13) is better than 86.67% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	2.94
Quick Ratio	2.13

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 42.85% over the past year.
CVCO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.77% yearly.
CVCO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.76%.
CVCO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.68% yearly.

EPS 1Y (TTM)42.85%

EPS 3Y6.18%

EPS 5Y21.77%

EPS Q2Q%24.05%

Revenue 1Y (TTM)15.76%

Revenue growth 3Y7.39%

Revenue growth 5Y13.68%

Sales Q2Q%9.67%

3.2 Future

CVCO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.61% yearly.
CVCO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.53% yearly.

EPS Next Y17.64%

EPS Next 2Y15.61%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year13.9%

Revenue Next 2Y11.53%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.

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4. Valuation

4.1 Price/Earnings Ratio

CVCO is valuated quite expensively with a Price/Earnings ratio of 26.41.
66.67% of the companies in the same industry are cheaper than CVCO, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CVCO to the average of the S&P500 Index (27.21), we can say CVCO is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 23.02, the valuation of CVCO can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as CVCO.
CVCO is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	26.41
Fwd PE	23.02

4.2 Price Multiples

70.00% of the companies in the same industry are cheaper than CVCO, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as CVCO.

		Industry Rank	Sector Rank
P/FCF	28.96
EV/EBITDA	19.34

4.3 Compensation for Growth

CVCO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of CVCO may justify a higher PE ratio.
A more expensive valuation may be justified as CVCO's earnings are expected to grow with 15.61% in the coming years.