642.69 USD
+27.38 (+4.45%)
642.69 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to CVCO. CVCO was compared to 60 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 expensively, but it does show have an excellent growth rating. These ratings would make CVCO suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year CVCO was profitable.
CVCO had a positive operating cash flow in the past year.
Each year in the past 5 years CVCO has been profitable.
CVCO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 13.58%, CVCO belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
CVCO has a better Return On Equity (18.12%) than 80.00% of its industry peers.
CVCO has a Return On Invested Capital of 16.66%. This is amongst the best in the industry. CVCO outperforms 93.33% 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 9.69%.
| 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
With a decent Profit Margin value of 9.18%, CVCO is doing good in the industry, outperforming 80.00% of the companies in the same industry.
CVCO's Profit Margin has improved in the last couple of years.
CVCO's Operating Margin of 10.97% is fine compared to the rest of the industry. CVCO outperforms 71.67% of its industry peers.
In the last couple of years the Operating Margin of CVCO has grown nicely.
Looking at the Gross Margin, with a value of 23.79%, CVCO is doing worse than 60.00% of the companies in the same industry.
CVCO's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CVCO is creating 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
The debt/assets ratio for CVCO has been reduced compared to a year ago.
2.2 Solvency
CVCO has an Altman-Z score of 12.08. This indicates that CVCO is financially healthy and has little risk of bankruptcy at the moment.
CVCO has a better Altman-Z score (12.08) than 95.00% 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.
With an excellent Debt to FCF ratio value of 0.04, CVCO belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
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 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.04 | ||
| Altman-Z | 12.08 |
ROIC/WACC1.85
WACC9.02%
2.3 Liquidity
A Current Ratio of 2.94 indicates that CVCO has no problem at all paying its short term obligations.
CVCO has a Current ratio of 2.94. This is comparable to the rest of the industry: CVCO outperforms 55.00% of 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.
The Quick ratio of CVCO (2.13) is better than 86.67% of its industry peers.
| 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.
The Earnings Per Share has been growing by 21.77% on average over the past years. This is a very strong growth
Looking at the last year, CVCO shows a quite strong growth in Revenue. The Revenue has grown by 15.76% in the last year.
Measured over the past years, CVCO shows a quite strong growth in Revenue. The Revenue has been growing by 13.68% on average per year.
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
CVCO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.93% yearly.
Based on estimates for the next years, CVCO will show a quite strong growth in Revenue. The Revenue will grow by 10.69% on average per year.
EPS Next Y19.35%
EPS Next 2Y14.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.26%
Revenue Next 2Y10.69%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 25.43, which means the current valuation is very expensive for CVCO.
Based on the Price/Earnings ratio, CVCO is valued a bit more expensive than 65.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.00, CVCO is valued at the same level.
A Price/Forward Earnings ratio of 22.43 indicates a rather expensive valuation of CVCO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CVCO is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.70. CVCO is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.43 | ||
| Fwd PE | 22.43 |
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 68.33% 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 | 27.89 | ||
| EV/EBITDA | 18.08 |
4.3 Compensation for Growth
The 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 14.93% in the coming years.
PEG (NY)1.31
PEG (5Y)1.17
EPS Next 2Y14.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CVCO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
642.69
+27.38 (+4.45%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners103.39%
Inst Owner Change0%
Ins Owners1.3%
Ins Owner Change0.12%
Market Cap5.02B
Revenue(TTM)2.14B
Net Income(TTM)196.81M
Analysts80
Price Target598.4 (-6.89%)
Short Float %4.57%
Short Ratio2.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)6.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.35%
EPS NY rev (1m)0%
EPS NY rev (3m)3.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.43 | ||
| Fwd PE | 22.43 | ||
| P/S | 2.34 | ||
| P/FCF | 27.89 | ||
| P/OCF | 23.85 | ||
| P/B | 4.62 | ||
| P/tB | 5.29 | ||
| EV/EBITDA | 18.08 |
EPS(TTM)25.27
EY3.93%
EPS(NY)28.65
Fwd EY4.46%
FCF(TTM)23.04
FCFY3.59%
OCF(TTM)26.94
OCFY4.19%
SpS274.49
BVpS139.07
TBVpS121.41
PEG (NY)1.31
PEG (5Y)1.17
Graham Number281.2
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 | 12.08 |
F-Score9
WACC9.02%
ROIC/WACC1.85
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 Y19.35%
EPS Next 2Y14.93%
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 Year13.26%
Revenue Next 2Y10.69%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y42.5%
EBIT growth 3Y-0.37%
EBIT growth 5Y17.93%
EBIT Next Year25.78%
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.
Can you provide the valuation status for CAVCO INDUSTRIES INC?
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 7 / 10.
What are the PE and PB ratios of CAVCO INDUSTRIES INC (CVCO) stock?
The Price/Earnings (PE) ratio for CAVCO INDUSTRIES INC (CVCO) is 25.43 and the Price/Book (PB) ratio is 4.62.
How financially healthy is CAVCO INDUSTRIES INC?
The financial health rating of CAVCO INDUSTRIES INC (CVCO) is 9 / 10.