CAVCO INDUSTRIES INC (CVCO) Stock Fundamental Analysis
USA - NASDAQ:CVCO - US1495681074 - Common Stock
573.88 USD
+13.93 (+2.49%)
573.88 USD
0 (0%)
CVCO gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 61 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. CVCO is valued quite expensively, but it does show have an excellent growth rating. This makes CVCO very considerable for growth and 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.
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
CVCO has a Return On Assets of 13.26%. This is amongst the best in the industry. CVCO outperforms 93.44% of its industry peers.
Looking at the Return On Equity, with a value of 17.68%, CVCO is in the better half of the industry, outperforming 78.69% of the companies in the same industry.
CVCO has a Return On Invested Capital of 16.15%. This is amongst the best in the industry. CVCO outperforms 91.80% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CVCO is significantly above the industry average of 10.21%.
| 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 75.41% of its industry peers.
In the last couple of years the Profit Margin of CVCO has grown nicely.
With a decent Operating Margin value of 10.60%, CVCO is doing good in the industry, outperforming 67.21% 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 62.30% 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
Compared to 1 year ago, CVCO has an improved debt to assets ratio.
2.2 Solvency
CVCO has an Altman-Z score of 11.23. This indicates that CVCO is financially healthy and has little risk of bankruptcy at the moment.
CVCO's Altman-Z score of 11.23 is amongst the best of the industry. CVCO outperforms 95.08% 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's Debt to FCF ratio of 0.05 is amongst the best of the industry. CVCO outperforms 86.89% 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 has a better Debt to Equity ratio (0.01) than 78.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 11.23 |
ROIC/WACC1.77
WACC9.14%
2.3 Liquidity
A Current Ratio of 2.88 indicates that CVCO has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.88, CVCO is in line with its industry, outperforming 55.74% of the companies in the same industry.
A Quick Ratio of 2.07 indicates that CVCO has no problem at all paying its short term obligations.
CVCO's Quick ratio of 2.07 is amongst the best of the industry. CVCO outperforms 86.89% of its industry peers.
| 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 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.
Looking at the last year, CVCO shows a quite strong growth in Revenue. The Revenue has grown by 15.76% 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)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
The Earnings Per Share is expected to grow by 13.54% on average over the next years. This is quite good.
The Revenue is expected to grow by 10.38% on average over the next years. This is quite good.
EPS Next Y17.86%
EPS Next 2Y13.54%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.77%
Revenue Next 2Y10.38%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
CVCO is valuated rather expensively with a Price/Earnings ratio of 22.71.
Based on the Price/Earnings ratio, CVCO is valued a bit more expensive than the industry average as 65.57% of the companies are valued more cheaply.
CVCO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.67, which is the current average of the S&P500 Index.
CVCO is valuated rather expensively with a Price/Forward Earnings ratio of 20.52.
CVCO's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CVCO is more expensive than 60.66% of the companies in the same industry.
CVCO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 31.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.71 | ||
| Fwd PE | 20.52 |
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 70.49% 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 | 28.22 | ||
| EV/EBITDA | 16.8 |
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 13.54% in the coming years.
PEG (NY)1.27
PEG (5Y)1.04
EPS Next 2Y13.54%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CVCO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
573.88
+13.93 (+2.49%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners97.19%
Inst Owner Change0.1%
Ins Owners1.28%
Ins Owner Change1.77%
Market Cap4.55B
Revenue(TTM)2.14B
Net Income(TTM)188.25M
Analysts80
Price Target559.3 (-2.54%)
Short Float %4.87%
Short Ratio2.14
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)1.25%
EPS NY rev (1m)0%
EPS NY rev (3m)2.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.71 | ||
| Fwd PE | 20.52 | ||
| P/S | 2.17 | ||
| P/FCF | 28.22 | ||
| P/OCF | 24.35 | ||
| P/B | 4.27 | ||
| P/tB | 4.91 | ||
| EV/EBITDA | 16.8 |
EPS(TTM)25.27
EY4.4%
EPS(NY)27.96
Fwd EY4.87%
FCF(TTM)20.33
FCFY3.54%
OCF(TTM)23.56
OCFY4.11%
SpS264.48
BVpS134.45
TBVpS116.98
PEG (NY)1.27
PEG (5Y)1.04
Graham Number276.49
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%
ROICexgc growth 3Y-7.77%
ROICexgc 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 | 11.23 |
F-Score7
WACC9.14%
ROIC/WACC1.77
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)42.85%
EPS 3Y6.18%
EPS 5Y21.77%
EPS Q2Q%24.05%
EPS Next Y17.86%
EPS Next 2Y13.54%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.76%
Revenue growth 3Y7.39%
Revenue growth 5Y13.68%
Sales Q2Q%9.67%
Revenue Next Year12.77%
Revenue Next 2Y10.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y37.61%
EBIT growth 3Y-0.37%
EBIT growth 5Y17.93%
EBIT Next Year18.93%
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%
CAVCO INDUSTRIES INC / CVCO FAQ
What is the fundamental rating for CVCO stock?
ChartMill assigns a fundamental rating of 7 / 10 to CVCO.
What is the valuation status of CAVCO INDUSTRIES INC (CVCO) stock?
ChartMill assigns a valuation rating of 3 / 10 to CAVCO INDUSTRIES INC (CVCO). This can be considered as Overvalued.
Can you provide the profitability details for CAVCO INDUSTRIES INC?
CAVCO INDUSTRIES INC (CVCO) has a profitability rating of 7 / 10.
Can you provide the expected EPS growth for CVCO stock?
The Earnings per Share (EPS) of CAVCO INDUSTRIES INC (CVCO) is expected to grow by 17.86% in the next year.