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CAVCO INDUSTRIES INC (CVCO) Stock Fundamental Analysis

NASDAQ:CVCO - Nasdaq - US1495681074 - Common Stock - Currency: USD

482.77  -16.46 (-3.3%)

Fundamental Rating

5

Taking everything into account, CVCO scores 5 out of 10 in our fundamental rating. CVCO was compared to 64 industry peers in the Household Durables industry. CVCO gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, CVCO is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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7

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.
CVCO had positive earnings in 4 of the past 5 years.
CVCO had a positive operating cash flow in 4 of the past 5 years.
CVCO Yearly Net Income VS EBIT VS OCF VS FCFCVCO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

1.2 Ratios

CVCO has a Return On Assets of 12.17%. This is amongst the best in the industry. CVCO outperforms 87.50% of its industry peers.
CVCO has a better Return On Equity (15.95%) than 67.19% of its industry peers.
CVCO's Return On Invested Capital of 13.57% is fine compared to the rest of the industry. CVCO outperforms 76.56% 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 11.93%.
The 3 year average ROIC (18.23%) for CVCO is well above the current ROIC(13.57%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 12.17%
ROE 15.95%
ROIC 13.57%
ROA(3y)15.72%
ROA(5y)12.9%
ROE(3y)21.24%
ROE(5y)17.46%
ROIC(3y)18.23%
ROIC(5y)15.07%
CVCO Yearly ROA, ROE, ROICCVCO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

CVCO's Profit Margin of 8.75% is fine compared to the rest of the industry. CVCO outperforms 67.19% 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 9.82%, CVCO is in line with its industry, outperforming 56.25% of the companies in the same industry.
CVCO's Operating Margin has improved in the last couple of years.
CVCO has a Gross Margin of 23.27%. This is in the lower half of the industry: CVCO underperforms 64.06% of its industry peers.
CVCO's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 9.82%
PM (TTM) 8.75%
GM 23.27%
OM growth 3Y7.56%
OM growth 5Y2.18%
PM growth 3Y8.35%
PM growth 5Y4.29%
GM growth 3Y3.32%
GM growth 5Y2.17%
CVCO Yearly Profit, Operating, Gross MarginsCVCO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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8

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CVCO is creating value.
CVCO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CVCO Yearly Shares OutstandingCVCO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
CVCO Yearly Total Debt VS Total AssetsCVCO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

CVCO has an Altman-Z score of 10.83. This indicates that CVCO is financially healthy and has little risk of bankruptcy at the moment.
CVCO's Altman-Z score of 10.83 is amongst the best of the industry. CVCO outperforms 96.88% of its industry peers.
CVCO has a debt to FCF ratio of 0.06. This is a very positive value and a sign of high solvency as it would only need 0.06 years to pay back of all of its debts.
CVCO has a better Debt to FCF ratio (0.06) than 84.38% 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 79.69% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.06
Altman-Z 10.83
ROIC/WACC1.46
WACC9.32%
CVCO Yearly LT Debt VS Equity VS FCFCVCO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 3.08 indicates that CVCO has no problem at all paying its short term obligations.
CVCO has a Current ratio of 3.08. This is in the better half of the industry: CVCO outperforms 60.94% of its industry peers.
A Quick Ratio of 2.23 indicates that CVCO has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.23, CVCO belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.08
Quick Ratio 2.23
CVCO Yearly Current Assets VS Current LiabilitesCVCO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 18.20% over the past year.
The Earnings Per Share has been growing by 21.77% on average over the past years. This is a very strong growth
EPS 1Y (TTM)18.2%
EPS 3Y6.18%
EPS 5Y21.77%
EPS Q2Q%34%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%21%

3.2 Future

CVCO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.24% yearly.
CVCO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.70% yearly.
EPS Next Y20.17%
EPS Next 2Y14.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.97%
Revenue Next 2Y6.7%
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.
CVCO Yearly Revenue VS EstimatesCVCO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B
CVCO Yearly EPS VS EstimatesCVCO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15 20 25

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2

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 22.26, the valuation of CVCO can be described as rather expensive.
62.50% of the companies in the same industry are cheaper than CVCO, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CVCO to the average of the S&P500 Index (25.91), we can say CVCO is valued inline with the index average.
CVCO is valuated rather expensively with a Price/Forward Earnings ratio of 18.52.
Based on the Price/Forward Earnings ratio, CVCO is valued a bit more expensive than the industry average as 65.63% of the companies are valued more cheaply.
CVCO's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.85.
Industry RankSector Rank
PE 22.26
Fwd PE 18.52
CVCO Price Earnings VS Forward Price EarningsCVCO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

65.63% of the companies in the same industry are cheaper than CVCO, based on the Enterprise Value to EBITDA ratio.
CVCO's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 27.83
EV/EBITDA 17.35
CVCO Per share dataCVCO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CVCO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CVCO's earnings are expected to grow with 14.24% in the coming years.
PEG (NY)1.1
PEG (5Y)1.02
EPS Next 2Y14.24%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for CVCO!.
Industry RankSector Rank
Dividend Yield N/A

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CAVCO INDUSTRIES INC

NASDAQ:CVCO (5/23/2025, 12:12:44 PM)

482.77

-16.46 (-3.3%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)05-22 2025-05-22/amc
Earnings (Next)07-30 2025-07-30
Inst Owners97.49%
Inst Owner Change3.43%
Ins Owners0.94%
Ins Owner Change-0.35%
Market Cap3.87B
Analysts80
Price Target559.3 (15.85%)
Short Float %2.58%
Short Ratio2.97
Dividend
Industry RankSector 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)23.55%
Min EPS beat(2)8.67%
Max EPS beat(2)38.43%
EPS beat(4)2
Avg EPS beat(4)5.11%
Min EPS beat(4)-14.33%
Max EPS beat(4)38.43%
EPS beat(8)3
Avg EPS beat(8)-0.04%
EPS beat(12)7
Avg EPS beat(12)7.92%
EPS beat(16)11
Avg EPS beat(16)16.52%
Revenue beat(2)2
Avg Revenue beat(2)5.13%
Min Revenue beat(2)3.69%
Max Revenue beat(2)6.56%
Revenue beat(4)3
Avg Revenue beat(4)1.81%
Min Revenue beat(4)-4.31%
Max Revenue beat(4)6.56%
Revenue beat(8)4
Avg Revenue beat(8)-1.4%
Revenue beat(12)7
Avg Revenue beat(12)2.12%
Revenue beat(16)11
Avg Revenue beat(16)2.74%
PT rev (1m)0%
PT rev (3m)11.53%
EPS NQ rev (1m)-5.67%
EPS NQ rev (3m)-13.41%
EPS NY rev (1m)-2.13%
EPS NY rev (3m)-5.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.24%
Valuation
Industry RankSector Rank
PE 22.26
Fwd PE 18.52
P/S 2.01
P/FCF 27.83
P/OCF 24.41
P/B 3.66
P/tB 4.26
EV/EBITDA 17.35
EPS(TTM)21.69
EY4.49%
EPS(NY)26.06
Fwd EY5.4%
FCF(TTM)17.35
FCFY3.59%
OCF(TTM)19.78
OCFY4.1%
SpS240.6
BVpS131.99
TBVpS113.38
PEG (NY)1.1
PEG (5Y)1.02
Profitability
Industry RankSector Rank
ROA 12.17%
ROE 15.95%
ROCE 17.2%
ROIC 13.57%
ROICexc 20.69%
ROICexgc 26.08%
OM 9.82%
PM (TTM) 8.75%
GM 23.27%
FCFM 7.21%
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-Score5
Asset Turnover1.39
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.06
Debt/EBITDA 0.03
Cap/Depr 102.62%
Cap/Sales 1.01%
Interest Coverage 864.11
Cash Conversion 76.09%
Profit Quality 82.4%
Current Ratio 3.08
Quick Ratio 2.23
Altman-Z 10.83
F-Score5
WACC9.32%
ROIC/WACC1.46
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)18.2%
EPS 3Y6.18%
EPS 5Y21.77%
EPS Q2Q%34%
EPS Next Y20.17%
EPS Next 2Y14.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%21%
Revenue Next Year6.97%
Revenue Next 2Y6.7%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-3.32%
EBIT growth 3Y26.32%
EBIT growth 5Y15.73%
EBIT Next Year21.97%
EBIT Next 3Y15.44%
EBIT Next 5YN/A
FCF growth 1Y-29.68%
FCF growth 3Y32.8%
FCF growth 5Y52.41%
OCF growth 1Y-36.19%
OCF growth 3Y25.38%
OCF growth 5Y46.94%