Cavco Industries Financials

CVCO Stock  USD 533.17  20.26  3.95%   
Based on the key indicators related to Cavco Industries' liquidity, profitability, solvency, and operating efficiency, Cavco Industries is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Cavco Industries' Net Receivables is very stable compared to the past year. As of the 26th of November 2024, Common Stock Shares Outstanding is likely to grow to about 8.6 M, while Short and Long Term Debt Total is likely to drop about 43.2 M. Key indicators impacting Cavco Industries' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.07060.0879
Significantly Down
Slightly volatile
Return On Assets0.09110.1165
Significantly Down
Slightly volatile
Return On Equity0.130.1527
Fairly Down
Slightly volatile
Debt Equity Ratio0.20.15
Significantly Up
Pretty Stable
Operating Income187.9 M179 M
Sufficiently Up
Slightly volatile
Current Ratio2.373.1171
Way Down
Slightly volatile
Investors should never underestimate Cavco Industries' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Cavco Industries' cash flow, debt, and profitability to make informed and accurate decisions about investing in Cavco Industries.

Net Income

165.71 Million

  
Understanding current and past Cavco Industries Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Cavco Industries' financial statements are interrelated, with each one affecting the others. For example, an increase in Cavco Industries' assets may result in an increase in income on the income statement.

Cavco Industries Stock Summary

Cavco Industries competes with Meritage, Installed Building, Taylor Morn, Legacy Housing, and Century Communities. Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona. Cavco Inds operates under Residential Construction classification in the United States and is traded on NASDAQ Exchange. It employs 6300 people.
Specialization
Consumer Discretionary, Consumer Durables & Apparel
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS1495681074
CUSIP149568107 149567109
LocationArizona; U.S.A
Business Address3636 North Central
SectorHousehold Durables
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitewww.cavco.com
Phone602 256 6263
CurrencyUSD - US Dollar

Cavco Industries Key Financial Ratios

Cavco Industries Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets810.4M951.8M1.2B1.3B1.4B1.4B
Other Current Liab117.9M203.2M225.4M234.8M239.7M251.7M
Net Debt(216.1M)(296.7M)(219.4M)(249.7M)(317.5M)(301.7M)
Net Receivables90.6M104.3M149.3M150.4M141.2M148.2M
Inventory113.5M131.2M244.0M263.2M241.3M253.4M
Other Current Assets42.2M74.5M86.6M104.6M98.4M103.3M
Total Liab202.8M268.2M323.7M330.5M320.7M336.8M
Total Current Assets516.2M651.8M744.1M804.6M851.8M894.4M
Other Liab7.0M7.3M7.4M5.5M5.0M4.7M
Accounts Payable29.9M32.1M43.1M30.7M33.5M17.6M
Long Term Debt14.6M12.7M10.3M10.8M9.8M9.3M
Intangible Assets15.1M14.4M28.5M29.8M28.2M30.6M
Retained Earnings355.1M431.1M628.8M869.3M1.0B1.1B
Cash241.8M322.3M244.2M271.4M352.7M370.3M
Short Term Debt2.2M1.8M(24.9M)6.6M5.4M6.7M
Net Tangible Assets528.1M594.2M701.0M968.2M1.1B1.2B
Capital Surpluse249.4M252.3M253.8M272.0M312.7M249.7M

Cavco Industries Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense1.5M738K702K910K1.6M2.2M
Total Revenue1.1B1.1B1.6B2.1B1.8B1.9B
Gross Profit230.5M239.0M408.7M554.9M426.9M448.2M
Operating Income84.9M88.8M202.5M184.8M179.0M187.9M
Ebit94.3M88.1M201.8M298.1M177.3M186.2M
Ebitda94.5M94.4M212.8M315.0M195.9M205.7M
Cost Of Revenue831.3M869.1M1.2B1.6B1.4B1.4B
Income Before Tax93.0M96.9M212.0M306.8M199.2M209.1M
Net Income75.1M76.6M197.7M240.6M157.8M165.7M
Income Tax Expense17.9M20.3M14.2M65.9M41.3M43.3M
Tax Provision17.9M20.3M14.2M65.9M41.3M26.5M
Net Interest Income(1.5M)(738K)(702K)9.8M19.3M20.3M

Cavco Industries Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory8.3M(17.7M)(73.8M)38.9M44.9M47.1M
Free Cash Flow87.4M88.5M125.6M211.6M207.3M217.6M
Depreciation5.8M6.3M11.0M16.9M18.5M19.5M
Other Non Cash Items(1.3M)(6.8M)16.9M7.8M44.7M46.9M
Capital Expenditures14.3M25.5M18.7M44.1M17.4M18.3M
Net Income75.1M76.6M197.7M240.8M157.8M165.7M
End Period Cash Flow255.6M339.3M259.3M283.5M368.8M387.2M
Change In Cash55.7M83.7M(80.0M)24.2M85.3M89.5M
Investments(1.5M)1.9M(349K)18.6M(31.7M)(30.1M)
Change Receivables(149.3M)(149.8M)(150.2M)(158.8M)(142.9M)(150.0M)
Net Borrowings(19.7M)(2.7M)(9.3M)(641K)(737.2K)(774.0K)
Change To Netincome(10.3M)(21.7M)(17.2M)(875K)(1.0M)(1.1M)

Cavco Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Cavco Industries's current stock value. Our valuation model uses many indicators to compare Cavco Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cavco Industries competition to find correlations between indicators driving Cavco Industries's intrinsic value. More Info.
Cavco Industries is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers reporting about  0.51  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Cavco Industries is roughly  1.95 . At this time, Cavco Industries' Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Cavco Industries' earnings, one of the primary drivers of an investment's value.

Cavco Industries Systematic Risk

Cavco Industries' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Cavco Industries volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Cavco Industries correlated with the market. If Beta is less than 0 Cavco Industries generally moves in the opposite direction as compared to the market. If Cavco Industries Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Cavco Industries is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Cavco Industries is generally in the same direction as the market. If Beta > 1 Cavco Industries moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Cavco Industries Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cavco Industries' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Cavco Industries growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.42

At this time, Cavco Industries' Price Earnings To Growth Ratio is very stable compared to the past year.

Cavco Industries November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Cavco Industries help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Cavco Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cavco Industries based on widely used predictive technical indicators. In general, we focus on analyzing Cavco Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cavco Industries's daily price indicators and compare them against related drivers.
When determining whether Cavco Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cavco Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cavco Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cavco Industries Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavco Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cavco Industries. If investors know Cavco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cavco Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.109
Earnings Share
17.7
Revenue Per Share
223.038
Quarterly Revenue Growth
0.123
Return On Assets
0.0739
The market value of Cavco Industries is measured differently than its book value, which is the value of Cavco that is recorded on the company's balance sheet. Investors also form their own opinion of Cavco Industries' value that differs from its market value or its book value, called intrinsic value, which is Cavco Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cavco Industries' market value can be influenced by many factors that don't directly affect Cavco Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cavco Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cavco Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cavco Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.