CAVCO INDUSTRIES INC (CVCO)
US1495681074 - Common Stock
Taking everything into account, CVCO scores 6 out of 10 in our fundamental rating. CVCO was compared to 67 industry peers in the Household Durables industry. CVCO gets an excellent profitability rating and is at the same time showing great financial health properties. CVCO has a valuation in line with the averages, but it does not seem to be growing.
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
With an excellent Return On Assets value of 12.90%, CVCO belongs to the best of the industry, outperforming 89.39% of the companies in the same industry.
CVCO has a better Return On Equity (16.97%) than 75.76% of its industry peers.
Looking at the Return On Invested Capital, with a value of 15.93%, CVCO belongs to the top of the industry, outperforming 90.91% 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 10.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.9% | ||
| ROE | 16.97% | ||
| ROIC | 15.93% |
ROA(3y)14.52%
ROA(5y)12.46%
ROE(3y)19.88%
ROE(5y)16.99%
ROIC(3y)18.67%
ROIC(5y)16.25%
1.3 Margins
The Profit Margin of CVCO (9.25%) is better than 72.73% 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 10.57%, CVCO is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
CVCO's Operating Margin has improved in the last couple of years.
The Gross Margin of CVCO (24.23%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CVCO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.57% | ||
| PM (TTM) | 9.25% | ||
| GM | 24.23% |
OM growth 3Y18.74%
OM growth 5Y10.32%
PM growth 3Y16.66%
PM growth 5Y9.73%
GM growth 3Y6.06%
GM growth 5Y4.54%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CVCO is creating some 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
CVCO has a better debt/assets ratio than last year.
2.2 Solvency
CVCO has an Altman-Z score of 9.41. This indicates that CVCO is financially healthy and has little risk of bankruptcy at the moment.
CVCO has a better Altman-Z score (9.41) than 96.97% of its industry peers.
CVCO has a debt to FCF ratio of 0.05. This is a very positive value and a sign of high solvency as it would only need 0.05 years to pay back of all of its debts.
CVCO's Debt to FCF ratio of 0.05 is amongst the best of the industry. CVCO outperforms 86.36% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that CVCO is not too dependend on debt financing.
CVCO has a better Debt to Equity ratio (0.01) than 80.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 9.41 |
ROIC/WACC1.49
WACC10.66%
2.3 Liquidity
CVCO has a Current Ratio of 3.07. This indicates that CVCO is financially healthy and has no problem in meeting its short term obligations.
CVCO has a Current ratio (3.07) which is comparable to the rest of the industry.
A Quick Ratio of 2.20 indicates that CVCO has no problem at all paying its short term obligations.
CVCO's Quick ratio of 2.20 is amongst the best of the industry. CVCO outperforms 84.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.07 | ||
| Quick Ratio | 2.2 |
3. Growth
3.1 Past
CVCO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.91%.
The Earnings Per Share has been growing by 35.39% on average over the past years. This is a very strong growth
CVCO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.77%.
The Revenue has been growing by 19.72% on average over the past years. This is quite good.
EPS 1Y (TTM)-27.91%
EPS 3Y49.25%
EPS 5Y35.39%
EPS growth Q2Q-35.89%
Revenue 1Y (TTM)-14.77%
Revenue growth 3Y26.37%
Revenue growth 5Y19.72%
Revenue growth Q2Q-10.75%
3.2 Future
CVCO is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.67% yearly.
Based on estimates for the next years, CVCO will show a decrease in Revenue. The Revenue will decrease by -1.18% on average per year.
EPS Next Y-28.62%
EPS Next 2Y-7.78%
EPS Next 3Y-2.67%
EPS Next 5YN/A
Revenue Next Year-15.27%
Revenue Next 2Y-5.27%
Revenue Next 3Y-1.18%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 18.85, which indicates a rather expensive current valuation of CVCO.
The rest of the industry has a similar Price/Earnings ratio as CVCO.
CVCO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.05.
The Price/Forward Earnings ratio is 16.22, which indicates a correct valuation of CVCO.
The rest of the industry has a similar Price/Forward Earnings ratio as CVCO.
CVCO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.30, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.85 | ||
| Fwd PE | 16.22 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CVCO.
CVCO's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.41 | ||
| EV/EBITDA | 13 |
4.3 Compensation for Growth
CVCO has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as CVCO's earnings are expected to decrease with -2.67% in the coming years.
PEG (NY)N/A
PEG (5Y)0.53
EPS Next 2Y-7.78%
EPS Next 3Y-2.67%
5. Dividend
5.1 Amount
No dividends for CVCO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CAVCO INDUSTRIES INC
NASDAQ:CVCO (5/8/2024, 4:43:16 PM)
After market: 371.51 0 (0%)371.51
-7.09 (-1.87%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.10B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
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Div Incr Years
Div Non Decr Years
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Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.85 | ||
| Fwd PE | 16.22 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.9% | ||
| ROE | 16.97% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.57% | ||
| PM (TTM) | 9.25% | ||
| GM | 24.23% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.07 | ||
| Quick Ratio | 2.2 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-27.91%
EPS 3Y49.25%
EPS 5Y
EPS growth Q2Q
EPS Next Y-28.62%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-14.77%
Revenue growth 3Y26.37%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
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