CAVCO INDUSTRIES INC (CVCO) Stock Fundamental Analysis
NASDAQ:CVCO - Nasdaq - US1495681074 - Common Stock
CVCO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 67 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 valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CVCO had positive earnings in the past year.
CVCO had a positive operating cash flow in the past year.
Each year in the past 5 years CVCO has been profitable.
CVCO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 10.60%, CVCO belongs to the best of the industry, outperforming 81.54% of the companies in the same industry.
Looking at the Return On Equity, with a value of 14.22%, CVCO is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
CVCO's Return On Invested Capital of 11.98% is fine compared to the rest of the industry. CVCO outperforms 69.23% of its industry peers.
CVCO had an Average Return On Invested Capital over the past 3 years of 18.23%. This is significantly above the industry average of 11.99%.
The 3 year average ROIC (18.23%) for CVCO is well above the current ROIC(11.98%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.6% | ||
| ROE | 14.22% | ||
| ROIC | 11.98% |
ROA(3y)15.72%
ROA(5y)12.9%
ROE(3y)21.24%
ROE(5y)17.46%
ROIC(3y)18.23%
ROIC(5y)15.07%
1.3 Margins
CVCO's Profit Margin of 8.00% is fine compared to the rest of the industry. CVCO outperforms 66.15% of its industry peers.
CVCO's Profit Margin has improved in the last couple of years.
CVCO has a Operating Margin (8.91%) which is in line with its industry peers.
CVCO's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 22.76%, CVCO is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
CVCO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.91% | ||
| PM (TTM) | 8% | ||
| GM | 22.76% |
OM growth 3Y7.56%
OM growth 5Y2.18%
PM growth 3Y8.35%
PM growth 5Y4.29%
GM growth 3Y3.32%
GM growth 5Y2.17%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CVCO is creating value.
The number of shares outstanding for CVCO has been reduced compared to 1 year ago.
Compared to 5 years ago, CVCO has less shares outstanding
The debt/assets ratio for CVCO has been reduced compared to a year ago.
2.2 Solvency
CVCO has an Altman-Z score of 9.89. This indicates that CVCO is financially healthy and has little risk of bankruptcy at the moment.
CVCO has a Altman-Z score of 9.89. This is amongst the best in the industry. CVCO outperforms 95.38% of its industry peers.
The Debt to FCF ratio of CVCO is 0.05, which is an excellent value as it means it would take CVCO, only 0.05 years of fcf income to pay off all of its debts.
CVCO has a better Debt to FCF ratio (0.05) than 87.69% of its industry peers.
CVCO has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
CVCO's Debt to Equity ratio of 0.01 is amongst the best of the industry. CVCO outperforms 81.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 9.89 |
ROIC/WACC1.3
WACC9.24%
2.3 Liquidity
A Current Ratio of 2.90 indicates that CVCO has no problem at all paying its short term obligations.
CVCO's Current ratio of 2.90 is in line compared to the rest of the industry. CVCO outperforms 55.38% of its industry peers.
CVCO has a Quick Ratio of 2.11. This indicates that CVCO is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of CVCO (2.11) is better than 86.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.9 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
The earnings per share for CVCO have decreased strongly by -19.95% in the last year.
Measured over the past years, CVCO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.92% on average per year.
Looking at the last year, CVCO shows a decrease in Revenue. The Revenue has decreased by -2.78% in the last year.
CVCO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.27% yearly.
EPS 1Y (TTM)-19.95%
EPS 3Y30.54%
EPS 5Y19.92%
EPS Q2Q%10.92%
Revenue 1Y (TTM)-2.78%
Revenue growth 3Y17.44%
Revenue growth 5Y13.27%
Sales Q2Q%12.26%
3.2 Future
The Earnings Per Share is expected to grow by 14.06% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.14% on average over the next years.
EPS Next Y11.06%
EPS Next 2Y14.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.05%
Revenue Next 2Y7.14%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 27.19, the valuation of CVCO can be described as expensive.
CVCO's Price/Earnings ratio is a bit more expensive when compared to the industry. CVCO is more expensive than 60.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of CVCO to the average of the S&P500 Index (28.29), we can say CVCO is valued inline with the index average.
The Price/Forward Earnings ratio is 20.14, which indicates a rather expensive current valuation of CVCO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CVCO indicates a slightly more expensive valuation: CVCO is more expensive than 64.62% of the companies listed in the same industry.
CVCO's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.19 | ||
| Fwd PE | 20.14 |
4.2 Price Multiples
64.62% of the companies in the same industry are cheaper than CVCO, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CVCO is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.39 | ||
| EV/EBITDA | 18.99 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CVCO does not grow enough to justify the current Price/Earnings ratio.
The excellent 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 14.06% in the coming years.
PEG (NY)2.46
PEG (5Y)1.36
EPS Next 2Y14.06%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CVCO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CAVCO INDUSTRIES INC
NASDAQ:CVCO (1/22/2025, 10:31:58 AM)
480.91
+0.41 (+0.09%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners96.8%
Inst Owner Change-0.38%
Ins Owners0.9%
Ins Owner Change0.49%
Market Cap3.90B
Analysts80
Price Target501.5 (4.28%)
Short Float %1.83%
Short Ratio2.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.83%
Min EPS beat(2)-14.33%
Max EPS beat(2)8.67%
EPS beat(4)1
Avg EPS beat(4)-4.99%
Min EPS beat(4)-14.33%
Max EPS beat(4)8.67%
EPS beat(8)3
Avg EPS beat(8)-3.25%
EPS beat(12)7
Avg EPS beat(12)8.93%
EPS beat(16)11
Avg EPS beat(16)15.38%
Revenue beat(2)2
Avg Revenue beat(2)2.49%
Min Revenue beat(2)1.28%
Max Revenue beat(2)3.69%
Revenue beat(4)3
Avg Revenue beat(4)0.88%
Min Revenue beat(4)-4.31%
Max Revenue beat(4)3.69%
Revenue beat(8)3
Avg Revenue beat(8)-3.05%
Revenue beat(12)7
Avg Revenue beat(12)1.88%
Revenue beat(16)11
Avg Revenue beat(16)2.61%
PT rev (1m)0%
PT rev (3m)13.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.37%
EPS NY rev (1m)0%
EPS NY rev (3m)7.63%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.19 | ||
| Fwd PE | 20.14 | ||
| P/S | 2.11 | ||
| P/FCF | 26.39 | ||
| P/OCF | 23.42 | ||
| P/B | 3.74 | ||
| P/tB | 4.37 | ||
| EV/EBITDA | 18.99 |
EPS(TTM)17.69
EY3.68%
EPS(NY)23.87
Fwd EY4.96%
FCF(TTM)18.22
FCFY3.79%
OCF(TTM)20.54
OCFY4.27%
SpS228.35
BVpS128.48
TBVpS110.06
PEG (NY)2.46
PEG (5Y)1.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.6% | ||
| ROE | 14.22% | ||
| ROCE | 15.18% | ||
| ROIC | 11.98% | ||
| ROICexc | 18.65% | ||
| ROICexgc | 23.73% | ||
| OM | 8.91% | ||
| PM (TTM) | 8% | ||
| GM | 22.76% | ||
| FCFM | 7.98% |
ROA(3y)15.72%
ROA(5y)12.9%
ROE(3y)21.24%
ROE(5y)17.46%
ROIC(3y)18.23%
ROIC(5y)15.07%
ROICexc(3y)26.27%
ROICexc(5y)23.15%
ROICexgc(3y)33.17%
ROICexgc(5y)29.6%
ROCE(3y)23.11%
ROCE(5y)19.1%
ROICexcg growth 3Y0.68%
ROICexcg growth 5Y-0.08%
ROICexc growth 3Y1.92%
ROICexc growth 5Y0.54%
OM growth 3Y7.56%
OM growth 5Y2.18%
PM growth 3Y8.35%
PM growth 5Y4.29%
GM growth 3Y3.32%
GM growth 5Y2.17%
F-Score6
Asset Turnover1.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 99.63% | ||
| Cap/Sales | 1.01% | ||
| Interest Coverage | 382.85 | ||
| Cash Conversion | 90.59% | ||
| Profit Quality | 99.74% | ||
| Current Ratio | 2.9 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 9.89 |
F-Score6
WACC9.24%
ROIC/WACC1.3
Cap/Depr(3y)175%
Cap/Depr(5y)235.26%
Cap/Sales(3y)1.39%
Cap/Sales(5y)1.57%
Profit Quality(3y)94.25%
Profit Quality(5y)102.93%
High Growth Momentum
Growth
EPS 1Y (TTM)-19.95%
EPS 3Y30.54%
EPS 5Y19.92%
EPS Q2Q%10.92%
EPS Next Y11.06%
EPS Next 2Y14.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.78%
Revenue growth 3Y17.44%
Revenue growth 5Y13.27%
Sales Q2Q%12.26%
Revenue Next Year7.05%
Revenue Next 2Y7.14%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-27.98%
EBIT growth 3Y26.32%
EBIT growth 5Y15.73%
EBIT Next Year11.92%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-17.81%
FCF growth 3Y32.8%
FCF growth 5Y52.41%
OCF growth 1Y-26.63%
OCF growth 3Y25.38%
OCF growth 5Y46.94%