CAVCO INDUSTRIES INC (CVCO) Stock Fundamental Analysis
USA - NASDAQ:CVCO - US1495681074 - Common Stock
556.53 USD
-7.09 (-1.26%)
557.49 USD
+0.96 (+0.17%)
CVCO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 63 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 is valied quite expensively at the moment, while it does show a decent growth rate. These ratings would make CVCO suitable 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.
In the past 5 years CVCO always reported a positive cash flow from operatings.
1.2 Ratios
CVCO's Return On Assets of 13.26% is amongst the best of the industry. CVCO outperforms 93.65% of its industry peers.
With a decent Return On Equity value of 17.68%, CVCO is doing good in the industry, outperforming 79.37% of the companies in the same industry.
CVCO has a Return On Invested Capital of 16.15%. This is amongst the best in the industry. CVCO outperforms 90.48% 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 10.52%.
| 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
Looking at the Profit Margin, with a value of 8.99%, CVCO is in the better half of the industry, outperforming 73.02% of the companies in the same industry.
CVCO's Profit Margin has improved in the last couple of years.
CVCO's Operating Margin of 10.60% is fine compared to the rest of the industry. CVCO outperforms 63.49% of its industry peers.
In the last couple of years the Operating Margin of CVCO has grown nicely.
CVCO's Gross Margin of 23.47% is on the low side compared to the rest of the industry. CVCO is outperformed by 63.49% 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.
The debt/assets ratio for CVCO has been reduced compared to a year ago.
2.2 Solvency
CVCO has an Altman-Z score of 11.18. This indicates that CVCO is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of CVCO (11.18) is better than 95.24% 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.
With an excellent Debt to FCF ratio value of 0.05, CVCO belongs to the best of the industry, outperforming 87.30% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that CVCO is not too dependend on debt financing.
The Debt to Equity ratio of CVCO (0.01) is better than 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.05 | ||
| Altman-Z | 11.18 |
ROIC/WACC1.76
WACC9.2%
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 Current ratio of 2.88. This is in the better half of the industry: CVCO outperforms 61.90% of its industry peers.
CVCO has a Quick Ratio of 2.07. This indicates that CVCO is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.07, CVCO belongs to the best of the industry, outperforming 87.30% of the companies in the same industry.
| 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.
Measured over the past years, CVCO shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.77% on average per year.
Looking at the last year, CVCO shows a quite strong growth in Revenue. The Revenue has grown by 16.60% 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)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
Based on estimates for the next years, CVCO will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.34% on average per year.
Based on estimates for the next years, CVCO will show a small growth in Revenue. The Revenue will grow by 7.27% on average per year.
EPS Next Y15.36%
EPS Next 2Y12.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.87%
Revenue Next 2Y7.27%
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
With a Price/Earnings ratio of 23.19, CVCO is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as CVCO.
CVCO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 20.33, which indicates a rather expensive current valuation of CVCO.
Based on the Price/Forward Earnings ratio, CVCO is valued a bit more expensive than the industry average as 65.08% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.86. CVCO is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.19 | ||
| Fwd PE | 20.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CVCO is valued a bit more expensive than 63.49% of the companies 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 | 27.37 | ||
| EV/EBITDA | 16.69 |
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.
CVCO's earnings are expected to grow with 12.34% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.51
PEG (5Y)1.06
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 |
556.53
-7.09 (-1.26%)
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 Change1.75%
Market Cap4.41B
Analysts80
Price Target559.3 (0.5%)
Short Float %3.55%
Short Ratio1.81
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%
PT rev (3m)-0.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.15%
EPS NY rev (1m)0%
EPS NY rev (3m)-4%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)0.9%
Revenue NY rev (3m)2.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.19 | ||
| Fwd PE | 20.33 | ||
| P/S | 2.1 | ||
| P/FCF | 27.37 | ||
| P/OCF | 23.62 | ||
| P/B | 4.14 | ||
| P/tB | 4.76 | ||
| EV/EBITDA | 16.69 |
EPS(TTM)24
EY4.31%
EPS(NY)27.37
Fwd EY4.92%
FCF(TTM)20.33
FCFY3.65%
OCF(TTM)23.56
OCFY4.23%
SpS264.48
BVpS134.45
TBVpS116.98
PEG (NY)1.51
PEG (5Y)1.06
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 | 11.18 |
F-Score7
WACC9.2%
ROIC/WACC1.76
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 Year8.87%
Revenue Next 2Y7.27%
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%