CAVCO INDUSTRIES INC (CVCO) Stock Fundamental Analysis
USA - NASDAQ:CVCO - US1495681074 - Common Stock
544.16 USD
+1.4 (+0.26%)
544.16 USD
0 (0%)
Overall CVCO gets a fundamental rating of 7 out of 10. We evaluated CVCO against 61 industry peers in the Household Durables industry. Both the health and profitability get an excellent rating, making CVCO a very profitable company, without any liquidiy or solvency issues. CVCO is valued quite expensive, but it does show an excellent growth. This makes CVCO very considerable for growth and quality investing!
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.
Each year in the past 5 years CVCO has been profitable.
In the past 5 years CVCO always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 13.58%, CVCO belongs to the best of the industry, outperforming 93.44% of the companies in the same industry.
CVCO has a better Return On Equity (18.12%) than 80.33% of its industry peers.
CVCO has a better Return On Invested Capital (16.66%) than 93.44% 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 9.78%.
| 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 amongst the best of the industry. CVCO outperforms 80.33% 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 73.77% of its industry peers.
In the last couple of years the Operating Margin of CVCO has grown nicely.
CVCO's Gross Margin of 23.79% is on the low side compared to the rest of the industry. CVCO is outperformed by 60.66% 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%
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.
Compared to 1 year ago, CVCO has less shares outstanding
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
An Altman-Z score of 10.91 indicates that CVCO is not in any danger for bankruptcy at the moment.
CVCO's Altman-Z score of 10.91 is amongst the best of the industry. CVCO outperforms 95.08% 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 86.89% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that CVCO is not too dependend on debt financing.
CVCO's Debt to Equity ratio of 0.01 is fine compared to the rest of the industry. CVCO outperforms 78.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.04 | ||
| Altman-Z | 10.91 |
ROIC/WACC1.9
WACC8.75%
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.
CVCO has a Current ratio (2.94) which is in line with its industry peers.
CVCO has a Quick Ratio of 2.13. This indicates that CVCO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.13, CVCO belongs to the top of the industry, outperforming 88.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.94 | ||
| Quick Ratio | 2.13 |
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
Based on estimates for the next years, CVCO will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.54% on average per year.
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
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 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
The Price/Earnings ratio is 21.53, which indicates a rather expensive current valuation of CVCO.
Based on the Price/Earnings ratio, CVCO is valued a bit more expensive than 63.93% of the companies in the same industry.
When comparing the Price/Earnings ratio of CVCO to the average of the S&P500 Index (25.07), we can say CVCO is valued inline with the index average.
With a Price/Forward Earnings ratio of 19.46, CVCO is valued on the expensive side.
CVCO's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of CVCO to the average of the S&P500 Index (34.08), we can say CVCO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.53 | ||
| Fwd PE | 19.46 |
4.2 Price Multiples
67.21% 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 | 23.95 | ||
| EV/EBITDA | 15.3 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
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 13.54% in the coming years.
PEG (NY)1.21
PEG (5Y)0.99
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 |
544.16
+1.4 (+0.26%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners97.19%
Inst Owner Change1.62%
Ins Owners1.28%
Ins Owner Change12.18%
Market Cap4.31B
Revenue(TTM)2.14B
Net Income(TTM)196.81M
Analysts80
Price Target559.3 (2.78%)
Short Float %5.34%
Short Ratio2.49
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)9.43%
Min EPS beat(2)5.44%
Max EPS beat(2)13.41%
EPS beat(4)4
Avg EPS beat(4)16.52%
Min EPS beat(4)5.44%
Max EPS beat(4)38.43%
EPS beat(8)5
Avg EPS beat(8)5.77%
EPS beat(12)7
Avg EPS beat(12)3.34%
EPS beat(16)11
Avg EPS beat(16)10.83%
Revenue beat(2)2
Avg Revenue beat(2)2.25%
Min Revenue beat(2)0.5%
Max Revenue beat(2)3.99%
Revenue beat(4)3
Avg Revenue beat(4)2.48%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)6.56%
Revenue beat(8)6
Avg Revenue beat(8)1.68%
Revenue beat(12)6
Avg Revenue beat(12)-1.21%
Revenue beat(16)10
Avg Revenue beat(16)2.03%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)4.35%
EPS NQ rev (3m)1.77%
EPS NY rev (1m)2.17%
EPS NY rev (3m)4.46%
Revenue NQ rev (1m)7.94%
Revenue NQ rev (3m)9.64%
Revenue NY rev (1m)3.58%
Revenue NY rev (3m)5.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.53 | ||
| Fwd PE | 19.46 | ||
| P/S | 2.01 | ||
| P/FCF | 23.95 | ||
| P/OCF | 20.48 | ||
| P/B | 3.97 | ||
| P/tB | 4.55 | ||
| EV/EBITDA | 15.3 |
EPS(TTM)25.27
EY4.64%
EPS(NY)27.96
Fwd EY5.14%
FCF(TTM)22.72
FCFY4.18%
OCF(TTM)26.57
OCFY4.88%
SpS270.68
BVpS137.14
TBVpS119.72
PEG (NY)1.21
PEG (5Y)0.99
Graham Number279.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.58% | ||
| ROE | 18.12% | ||
| ROCE | 20.79% | ||
| ROIC | 16.66% | ||
| ROICexc | 25.5% | ||
| ROICexgc | 31.35% | ||
| OM | 10.97% | ||
| PM (TTM) | 9.18% | ||
| GM | 23.79% | ||
| FCFM | 8.4% |
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-Score9
Asset Turnover1.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.04 | ||
| Debt/EBITDA | 0.03 | ||
| Cap/Depr | 150.4% | ||
| Cap/Sales | 1.42% | ||
| Interest Coverage | 1992.68 | ||
| Cash Conversion | 82.39% | ||
| Profit Quality | 91.44% | ||
| Current Ratio | 2.94 | ||
| Quick Ratio | 2.13 | ||
| Altman-Z | 10.91 |
F-Score9
WACC8.75%
ROIC/WACC1.9
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 1Y42.5%
EBIT growth 3Y-0.37%
EBIT growth 5Y17.93%
EBIT Next Year18.93%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-22.96%
FCF growth 3Y7.77%
FCF growth 5Y12.44%
OCF growth 1Y-16.83%
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 8 / 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.