CAVCO INDUSTRIES INC (CVCO) Stock Fundamental Analysis
USA - NASDAQ:CVCO - US1495681074 - Common Stock
563.62 USD
+12.9 (+2.34%)
563.62 USD
0 (0%)
CVCO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 63 industry peers in the Household Durables industry. CVCO has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. While showing a medium growth rate, CVCO is valued expensive at the moment. This makes CVCO very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year CVCO was profitable.
CVCO had a positive operating cash flow in the past year.
In the past 5 years CVCO has always been profitable.
CVCO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CVCO (13.26%) is better than 93.65% of its industry peers.
With a decent Return On Equity value of 17.68%, CVCO is doing good in the industry, outperforming 79.37% of the companies in the same industry.
CVCO's Return On Invested Capital of 16.15% is amongst the best of the industry. CVCO outperforms 90.48% of its industry peers.
CVCO had an Average Return On Invested Capital over the past 3 years of 17.08%. This is significantly above the industry average of 10.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.26% | ||
| ROE | 17.68% | ||
| ROIC | 16.15% |
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 has a Profit Margin of 8.99%. This is in the better half of the industry: CVCO outperforms 73.02% of its industry peers.
In the last couple of years the Profit Margin of CVCO has grown nicely.
Looking at the Operating Margin, with a value of 10.60%, CVCO is in the better half of the industry, outperforming 63.49% of the companies in the same industry.
CVCO's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 23.47%, CVCO is doing worse than 63.49% of the companies in the same industry.
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 | 10.6% | ||
| PM (TTM) | 8.99% | ||
| GM | 23.47% |
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%
2. Health
2.1 Basic Checks
CVCO has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it 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 11.11. This indicates that CVCO is financially healthy and has little risk of bankruptcy at the moment.
CVCO has a Altman-Z score of 11.11. This is amongst the best in the industry. CVCO outperforms 95.24% 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 Debt to FCF ratio of 0.05. This is amongst the best in the industry. CVCO outperforms 87.30% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that CVCO is not too dependend on debt financing.
CVCO has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. CVCO outperforms 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 11.11 |
ROIC/WACC1.81
WACC8.94%
2.3 Liquidity
A Current Ratio of 2.88 indicates that CVCO has no problem at all paying its short term obligations.
CVCO's Current ratio of 2.88 is fine compared to the rest of the industry. CVCO outperforms 61.90% of its industry peers.
A Quick Ratio of 2.07 indicates that CVCO has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.07, CVCO belongs to the top of the industry, outperforming 87.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.07 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 39.78% 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.
Looking at the last year, CVCO shows a quite strong growth in Revenue. The Revenue has grown by 16.60% in the last year.
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)39.78%
EPS 3Y6.18%
EPS 5Y21.77%
EPS Q2Q%56.2%
Revenue 1Y (TTM)16.6%
Revenue growth 3Y7.39%
Revenue growth 5Y13.68%
Sales Q2Q%16.6%
3.2 Future
The Earnings Per Share is expected to grow by 12.34% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.27% on average over the next years.
EPS Next Y15.36%
EPS Next 2Y12.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.87%
Revenue Next 2Y7.27%
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
The Price/Earnings ratio is 23.48, which indicates a rather expensive current valuation of CVCO.
The rest of the industry has a similar Price/Earnings ratio as CVCO.
CVCO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.41.
The Price/Forward Earnings ratio is 20.59, which indicates a rather expensive current valuation of CVCO.
CVCO's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CVCO is more expensive than 61.90% of the companies in the same industry.
CVCO is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.88, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.48 | ||
| Fwd PE | 20.59 |
4.2 Price Multiples
CVCO's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CVCO is more expensive than 63.49% of the companies in the same industry.
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 | 27.72 | ||
| EV/EBITDA | 16.5 |
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 12.34% in the coming years.
PEG (NY)1.53
PEG (5Y)1.08
EPS Next 2Y12.34%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for CVCO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
563.62
+12.9 (+2.34%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners97.22%
Inst Owner Change-5.14%
Ins Owners1.28%
Ins Owner Change1.75%
Market Cap4.46B
Analysts80
Price Target559.3 (-0.77%)
Short Float %3.55%
Short Ratio1.81
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)2
Avg EPS beat(2)11.1%
Min EPS beat(2)8.78%
Max EPS beat(2)13.41%
EPS beat(4)4
Avg EPS beat(4)17.32%
Min EPS beat(4)8.67%
Max EPS beat(4)38.43%
EPS beat(8)4
Avg EPS beat(8)3.65%
EPS beat(12)7
Avg EPS beat(12)6.02%
EPS beat(16)11
Avg EPS beat(16)13.38%
Revenue beat(2)1
Avg Revenue beat(2)1.43%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)3.99%
Revenue beat(4)3
Avg Revenue beat(4)3.28%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)6.56%
Revenue beat(8)5
Avg Revenue beat(8)0.71%
Revenue beat(12)6
Avg Revenue beat(12)-1.11%
Revenue beat(16)10
Avg Revenue beat(16)2.39%
PT rev (1m)0%
PT rev (3m)-0.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.47%
EPS NY rev (1m)2.24%
EPS NY rev (3m)-4%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)-2.09%
Revenue NY rev (1m)2.06%
Revenue NY rev (3m)2.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.48 | ||
| Fwd PE | 20.59 | ||
| P/S | 2.13 | ||
| P/FCF | 27.72 | ||
| P/OCF | 23.92 | ||
| P/B | 4.19 | ||
| P/tB | 4.82 | ||
| EV/EBITDA | 16.5 |
EPS(TTM)24
EY4.26%
EPS(NY)27.37
Fwd EY4.86%
FCF(TTM)20.33
FCFY3.61%
OCF(TTM)23.56
OCFY4.18%
SpS264.48
BVpS134.45
TBVpS116.98
PEG (NY)1.53
PEG (5Y)1.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.26% | ||
| ROE | 17.68% | ||
| ROCE | 20.15% | ||
| ROIC | 16.15% | ||
| ROICexc | 24.06% | ||
| ROICexgc | 29.59% | ||
| OM | 10.6% | ||
| PM (TTM) | 8.99% | ||
| GM | 23.47% | ||
| FCFM | 7.69% |
ROA(3y)14.07%
ROA(5y)13.47%
ROE(3y)18.66%
ROE(5y)18.2%
ROIC(3y)17.08%
ROIC(5y)16.01%
ROICexc(3y)24.97%
ROICexc(5y)24.24%
ROICexgc(3y)31.2%
ROICexgc(5y)30.7%
ROCE(3y)21.31%
ROCE(5y)19.98%
ROICexcg growth 3Y-7.77%
ROICexcg growth 5Y2.48%
ROICexc growth 3Y-6.74%
ROICexc growth 5Y3.67%
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%
F-Score7
Asset Turnover1.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Debt/EBITDA | 0.03 | ||
| Cap/Depr | 130.12% | ||
| Cap/Sales | 1.22% | ||
| Interest Coverage | 3896.19 | ||
| Cash Conversion | 77.2% | ||
| Profit Quality | 85.54% | ||
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.07 | ||
| Altman-Z | 11.11 |
F-Score7
WACC8.94%
ROIC/WACC1.81
Cap/Depr(3y)155.42%
Cap/Depr(5y)208.2%
Cap/Sales(3y)1.36%
Cap/Sales(5y)1.51%
Profit Quality(3y)103.7%
Profit Quality(5y)98.03%
High Growth Momentum
Growth
EPS 1Y (TTM)39.78%
EPS 3Y6.18%
EPS 5Y21.77%
EPS Q2Q%56.2%
EPS Next Y15.36%
EPS Next 2Y12.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)16.6%
Revenue growth 3Y7.39%
Revenue growth 5Y13.68%
Sales Q2Q%16.6%
Revenue Next Year8.87%
Revenue Next 2Y7.27%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y37.61%
EBIT growth 3Y-0.37%
EBIT growth 5Y17.93%
EBIT Next Year17.6%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-37.22%
FCF growth 3Y7.77%
FCF growth 5Y12.44%
OCF growth 1Y-33.3%
OCF growth 3Y7.37%
OCF growth 5Y11.91%