CAVCO INDUSTRIES INC (CVCO) Stock Fundamental Analysis
NASDAQ:CVCO - Nasdaq - US1495681074 - Common Stock - Currency: USD
CVCO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 64 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 quite expensive at the moment. It does show a decent growth rate. These ratings could make CVCO a good candidate for 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.
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
Looking at the Return On Assets, with a value of 12.17%, CVCO belongs to the top of the industry, outperforming 85.94% of the companies in the same industry.
CVCO has a better Return On Equity (15.95%) than 67.19% of its industry peers.
With a decent Return On Invested Capital value of 13.57%, CVCO is doing good in the industry, outperforming 76.56% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CVCO is significantly above the industry average of 12.29%.
The last Return On Invested Capital (13.57%) 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 | 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%
1.3 Margins
With a decent Profit Margin value of 8.75%, CVCO is doing good in the industry, outperforming 68.75% of the companies in the same industry.
In the last couple of years the Profit Margin of CVCO has grown nicely.
With a Operating Margin value of 9.82%, CVCO perfoms like the industry average, outperforming 57.81% of the companies in the same industry.
CVCO's Operating Margin has improved in the last couple of years.
CVCO's Gross Margin of 23.27% is on the low side compared to the rest of the industry. CVCO is outperformed by 62.50% of its industry peers.
CVCO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
The number of shares outstanding for CVCO has been reduced compared to 1 year ago.
The number of shares outstanding for CVCO has been reduced compared to 5 years ago.
The debt/assets ratio for CVCO has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 10.82 indicates that CVCO is not in any danger for bankruptcy at the moment.
The Altman-Z score of CVCO (10.82) is better than 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 Debt to FCF ratio of 0.06. This is amongst the best in the industry. CVCO outperforms 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.
The Debt to Equity ratio of CVCO (0.01) is better than 79.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.06 | ||
| Altman-Z | 10.82 |
ROIC/WACC1.54
WACC8.82%
2.3 Liquidity
A Current Ratio of 3.08 indicates that CVCO has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.08, CVCO is doing good in the industry, outperforming 62.50% of the companies in the same industry.
A Quick Ratio of 2.23 indicates that CVCO has no problem at all paying its short term obligations.
CVCO has a better Quick ratio (2.23) than 89.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.08 | ||
| Quick Ratio | 2.23 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.09% over the past year.
Measured over the past years, CVCO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.92% on average per year.
The Revenue has been growing slightly by 4.11% in the past year.
Measured over the past years, CVCO shows a quite strong growth in Revenue. The Revenue has been growing by 13.27% on average per year.
EPS 1Y (TTM)3.09%
EPS 3Y30.54%
EPS 5Y19.92%
EPS Q2Q%61.59%
Revenue 1Y (TTM)4.11%
Revenue growth 3Y17.44%
Revenue growth 5Y13.27%
Sales Q2Q%16.85%
3.2 Future
The Earnings Per Share is expected to grow by 15.54% on average over the next years. This is quite good.
Based on estimates for the next years, CVCO will show a small growth in Revenue. The Revenue will grow by 7.90% on average per year.
EPS Next Y19.01%
EPS Next 2Y19.18%
EPS Next 3Y15.54%
EPS Next 5YN/A
Revenue Next Year10.33%
Revenue Next 2Y8.64%
Revenue Next 3Y7.9%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 25.06, the valuation of CVCO can be described as 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 (27.75), we can say CVCO is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 19.54, the valuation of CVCO can be described as rather expensive.
64.06% 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 20.49, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.06 | ||
| Fwd PE | 19.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CVCO is valued a bit more expensive than the industry average as 67.19% of the companies are valued more cheaply.
CVCO's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.36 | ||
| EV/EBITDA | 17.32 |
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 excellent profitability rating of CVCO may justify a higher PE ratio.
CVCO's earnings are expected to grow with 15.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.32
PEG (5Y)1.26
EPS Next 2Y19.18%
EPS Next 3Y15.54%
5. Dividend
5.1 Amount
No dividends for CVCO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:CVCO (5/2/2025, 1:20:52 PM)
509.25
+10.56 (+2.12%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners97.49%
Inst Owner Change3.02%
Ins Owners0.94%
Ins Owner Change0.08%
Market Cap4.08B
Analysts80
Price Target559.3 (9.83%)
Short Float %2.25%
Short Ratio2.63
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)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)-8.21%
EPS NQ rev (3m)5.39%
EPS NY rev (1m)-3.28%
EPS NY rev (3m)7.16%
Revenue NQ rev (1m)-1.63%
Revenue NQ rev (3m)3.76%
Revenue NY rev (1m)-0.44%
Revenue NY rev (3m)3.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.06 | ||
| Fwd PE | 19.54 | ||
| P/S | 2.12 | ||
| P/FCF | 29.36 | ||
| P/OCF | 25.75 | ||
| P/B | 3.86 | ||
| P/tB | 4.49 | ||
| EV/EBITDA | 17.32 |
EPS(TTM)20.32
EY3.99%
EPS(NY)26.06
Fwd EY5.12%
FCF(TTM)17.35
FCFY3.41%
OCF(TTM)19.78
OCFY3.88%
SpS240.6
BVpS131.99
TBVpS113.38
PEG (NY)1.32
PEG (5Y)1.26
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 10.82 |
F-Score5
WACC8.82%
ROIC/WACC1.54
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)3.09%
EPS 3Y30.54%
EPS 5Y19.92%
EPS Q2Q%61.59%
EPS Next Y19.01%
EPS Next 2Y19.18%
EPS Next 3Y15.54%
EPS Next 5YN/A
Revenue 1Y (TTM)4.11%
Revenue growth 3Y17.44%
Revenue growth 5Y13.27%
Sales Q2Q%16.85%
Revenue Next Year10.33%
Revenue Next 2Y8.64%
Revenue Next 3Y7.9%
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%