CAVCO INDUSTRIES INC (CVCO)
US1495681074 - Common Stock
Overall CVCO gets a fundamental rating of 6 out of 10. We evaluated CVCO against 64 industry peers in the Household Durables industry. CVCO scores excellent points on both the profitability and health parts. This is a solid base for a good stock. While showing a medium growth rate, CVCO is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CVCO was profitable.
In the past year CVCO had a positive cash flow from operations.
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
The Return On Assets of CVCO (10.60%) is better than 80.65% of its industry peers.
CVCO has a Return On Equity of 14.22%. This is comparable to the rest of the industry: CVCO outperforms 58.06% of its industry peers.
The Return On Invested Capital of CVCO (11.98%) is better than 69.35% 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 10.82%.
The last Return On Invested Capital (11.98%) for CVCO is well below the 3 year average (18.23%), which needs to be investigated, but indicates that CVCO had better years and this may not be a problem.
| 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
The Profit Margin of CVCO (8.00%) is better than 64.52% of its industry peers.
In the last couple of years the Profit Margin of CVCO has grown nicely.
CVCO has a Operating Margin of 8.91%. This is comparable to the rest of the industry: CVCO outperforms 54.84% of its industry peers.
CVCO's Operating Margin has improved in the last couple of years.
CVCO has a Gross Margin of 22.76%. This is in the lower half of the industry: CVCO underperforms 70.97% of its industry peers.
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CVCO is creating 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
An Altman-Z score of 10.07 indicates that CVCO is not in any danger for bankruptcy at the moment.
CVCO's Altman-Z score of 10.07 is amongst the best of the industry. CVCO outperforms 95.16% 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 88.71% 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 fine compared to the rest of the industry. CVCO outperforms 79.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 10.07 |
ROIC/WACC1.29
WACC9.31%
2.3 Liquidity
A Current Ratio of 2.90 indicates that CVCO has no problem at all paying its short term obligations.
CVCO has a Current ratio of 2.90. This is comparable to the rest of the industry: CVCO outperforms 54.84% of its industry peers.
A Quick Ratio of 2.11 indicates that CVCO has no problem at all paying its short term obligations.
CVCO has a Quick ratio of 2.11. This is amongst the best in the industry. CVCO outperforms 85.48% 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.
The Earnings Per Share has been growing by 19.92% on average over the past years. This is quite good.
The Revenue has decreased by -2.78% in the past 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
Based on estimates for the next years, CVCO will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.06% on average per year.
CVCO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.74% yearly.
EPS Next Y3.19%
EPS Next 2Y14.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.24%
Revenue Next 2Y6.74%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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 27.92, 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 66.13% of the companies in the same industry.
CVCO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.96.
A Price/Forward Earnings ratio of 20.69 indicates a rather expensive valuation of CVCO.
69.35% of the companies in the same industry are cheaper than CVCO, based on the Price/Forward Earnings ratio.
CVCO is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.92 | ||
| Fwd PE | 20.69 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVCO indicates a slightly more expensive valuation: CVCO is more expensive than 66.13% of the companies listed in the same industry.
CVCO's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.11 | ||
| EV/EBITDA | 19.58 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CVCO has a very decent profitability rating, which may justify a higher PE ratio.
CVCO's earnings are expected to grow with 14.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)8.76
PEG (5Y)1.4
EPS Next 2Y14.06%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for CVCO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CAVCO INDUSTRIES INC
NASDAQ:CVCO (11/21/2024, 8:21:36 PM)
After market: 493.96 0 (0%)493.96
+18.55 (+3.9%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.01B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
PT rev (3m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.92 | ||
| Fwd PE | 20.69 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)8.76
PEG (5Y)1.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.6% | ||
| ROE | 14.22% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.91% | ||
| PM (TTM) | 8% | ||
| GM | 22.76% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.9 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-19.95%
EPS 3Y30.54%
EPS 5Y
EPS Q2Q%
EPS Next Y3.19%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.78%
Revenue growth 3Y17.44%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y