CAVCO INDUSTRIES INC (CVCO) Stock Fundamental Analysis
NASDAQ:CVCO - US1495681074 - Common Stock
530.49 USD
+0.11 (+0.02%)
530.49 USD
0 (0%)
CVCO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 61 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. These ratings could make CVCO a good candidate for quality investing.
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.
Each year in the past 5 years CVCO had a positive operating cash flow.
1.2 Ratios
CVCO's Return On Assets of 13.26% is amongst the best of the industry. CVCO outperforms 93.44% of its industry peers.
CVCO's Return On Equity of 17.68% is fine compared to the rest of the industry. CVCO outperforms 78.69% of its industry peers.
With an excellent Return On Invested Capital value of 16.15%, CVCO belongs to the best of the industry, outperforming 90.16% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CVCO is significantly above the industry average of 10.51%.
| 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's Profit Margin of 8.99% is fine compared to the rest of the industry. CVCO outperforms 72.13% of its industry peers.
In the last couple of years the Profit Margin of CVCO has grown nicely.
CVCO has a Operating Margin of 10.60%. This is in the better half of the industry: CVCO outperforms 62.30% of its industry peers.
In the last couple of years the Operating Margin of CVCO has grown nicely.
CVCO has a Gross Margin of 23.47%. This is in the lower half of the industry: CVCO underperforms 62.30% of its industry peers.
CVCO's Gross Margin has been stable in the last couple of years.
| 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.
CVCO has less shares outstanding than it did 1 year ago.
CVCO has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CVCO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 10.84 indicates that CVCO is not in any danger for bankruptcy at the moment.
CVCO's Altman-Z score of 10.84 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.
The Debt to FCF ratio of CVCO (0.05) is better than 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.
The Debt to Equity ratio of CVCO (0.01) is better than 80.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 10.84 |
ROIC/WACC1.8
WACC8.99%
2.3 Liquidity
CVCO has a Current Ratio of 2.88. This indicates that CVCO is financially healthy and has no problem in meeting its short term obligations.
CVCO has a better Current ratio (2.88) than 60.66% of its industry peers.
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 39.78% 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
The Revenue has grown by 16.60% in the past year. This is quite good.
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)39.78%
EPS 3Y6.18%
EPS 5Y21.77%
EPS Q2Q%56.2%
Revenue 1Y (TTM)16.6%
Revenue growth 3Y7.39%
Revenue growth 5Y13.68%
Sales Q2Q%16.6%
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 12.34% yearly.
CVCO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.95% yearly.
EPS Next Y15.36%
EPS Next 2Y12.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.9%
Revenue Next 2Y6.95%
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.
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 22.10, the valuation of CVCO can be described as rather expensive.
CVCO's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of CVCO to the average of the S&P500 Index (27.13), we can say CVCO is valued inline with the index average.
With a Price/Forward Earnings ratio of 19.38, CVCO is valued on the expensive side.
Based on the Price/Forward Earnings ratio, CVCO is valued a bit more expensive than the industry average as 63.93% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of CVCO to the average of the S&P500 Index (22.76), we can say CVCO is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.1 | ||
| Fwd PE | 19.38 |
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 65.57% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as CVCO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.09 | ||
| EV/EBITDA | 15.84 |
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 12.34% in the coming years.
PEG (NY)1.44
PEG (5Y)1.02
EPS Next 2Y12.34%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CVCO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
530.49
+0.11 (+0.02%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners97.22%
Inst Owner Change-5.14%
Ins Owners1.28%
Ins Owner Change1.82%
Market Cap4.20B
Analysts80
Price Target559.3 (5.43%)
Short Float %3.13%
Short Ratio1.35
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)-0.6%
PT rev (3m)0%
EPS NQ rev (1m)1.25%
EPS NQ rev (3m)-8.47%
EPS NY rev (1m)2.24%
EPS NY rev (3m)-4%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)-2.65%
Revenue NY rev (1m)1.14%
Revenue NY rev (3m)0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.1 | ||
| Fwd PE | 19.38 | ||
| P/S | 2.01 | ||
| P/FCF | 26.09 | ||
| P/OCF | 22.51 | ||
| P/B | 3.95 | ||
| P/tB | 4.53 | ||
| EV/EBITDA | 15.84 |
EPS(TTM)24
EY4.52%
EPS(NY)27.37
Fwd EY5.16%
FCF(TTM)20.33
FCFY3.83%
OCF(TTM)23.56
OCFY4.44%
SpS264.48
BVpS134.45
TBVpS116.98
PEG (NY)1.44
PEG (5Y)1.02
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%
ROICexcg growth 3Y-7.77%
ROICexcg 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 | 10.84 |
F-Score7
WACC8.99%
ROIC/WACC1.8
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)39.78%
EPS 3Y6.18%
EPS 5Y21.77%
EPS Q2Q%56.2%
EPS Next Y15.36%
EPS Next 2Y12.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)16.6%
Revenue growth 3Y7.39%
Revenue growth 5Y13.68%
Sales Q2Q%16.6%
Revenue Next Year7.9%
Revenue Next 2Y6.95%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y37.61%
EBIT growth 3Y-0.37%
EBIT growth 5Y17.93%
EBIT Next Year17.6%
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%