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Cavco Industries Inc

Cavco Industries Inc

CVCO · NASDAQ · Consumer Cyclical / Residential Construction

644.27USD+2.26 (+0.35%)

Price History

Full chart

Market Stats

Previous Close642.01
Open646.89
Day Range631.12 – 647.72
52-Week Range443.34 – 713.01
Volume73.90K
Market Cap4.90B
P/E (TTM)27.20
Forward P/E26.32
EPS23.60
Dividend Yield0.00%
Beta1.33
50-Day Avg562.47
200-Day Avg549.41

About

Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments: Factory-Built Housing and Financial Services. The company produces park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. It also produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, and multi-family units. In addition, the company provides conforming and non-conforming mortgages and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Further, it offers property and casualty insurance to owners of manufactured housing industry. The company distributes its products through a network of independent and company-owned retailers, planned community operators, and residential developers. The company was founded in 1965 and is headquartered in Phoenix, Arizona.

Company Details

  • SectorConsumer Cyclical
  • IndustryResidential Construction
  • CEOMr. William C. Boor C.F.A.
  • Employees7.70K
  • Headquarters3636 North Central Avenue, Phoenix, AZ, United States, 85012, USA
  • Websitehttps://www.cavcohomes.com

Leadership

  • Mr. William C. Boor C.F.A.President, CEO & Director · b. 1966
  • Ms. Allison K. Aden CPAExecutive VP, CFO & Treasurer · b. 1961
  • Mr. Seth G. SchuknechtEVP, General Counsel, Chief Compliance Officer & Corporate Secretary · b. 1977
  • Mr. Matthew Allen NinoPresident of Retail · b. 1968
  • Mr. Brian R. CiraPresident of Manufactured Housing · b. 1962
  • Mr. Paul W. BigbeeChief Accounting Officer · b. 1969
  • Mr. Anthony R. CrutcherChief Information Officer
  • Mr. Mark FuslerDirector of Financial Reporting, Investor Relations & Corporate Controller
  • Ms. Colleen J. RogersSenior Vice President of Marketing & Communications
  • Todd CantrillVice President of Human Resources

Financials

Income Statement

Currency: USD1999-03-312000-03-312001-03-312002-03-312003-03-312004-03-312005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue138.10M118.50M95.48M95.73M110.04M128.86M157.44M189.50M169.11M141.91M105.36M115.61M171.83M443.07M452.30M533.34M566.66M712.35M773.80M871.24M962.75M1.06B1.11B1.63B2.14B1.79B2.02B2.24B
Growth (%)--14.19%-19.43%+0.26%+14.95%+17.10%+22.18%+20.37%-10.76%-16.08%-25.76%+9.73%+48.62%+157.86%+2.08%+17.92%+6.25%+25.71%+8.63%+12.59%+10.50%+10.29%+4.36%+46.85%+31.68%-16.24%+12.29%+11.36%
Cost of Revenue106.10M90.10M77.79M80.43M90.68M106.23M127.92M151.14M138.81M121.54M94.59M104.92M147.55M347.12M351.94M413.86M440.52M567.91M615.76M690.55M757.04M831.26M869.07M1.22B1.59B1.37B1.55B1.72B
Gross Profit32.00M28.40M17.69M15.30M19.35M22.63M29.52M38.36M30.30M20.38M10.77M10.70M24.28M95.94M100.36M119.48M126.14M144.44M158.04M180.68M205.71M230.52M238.98M408.75M554.93M426.90M465.59M526.89M
Gross Margin23.17%23.97%18.53%15.98%17.59%17.56%18.75%20.24%17.92%14.36%10.22%9.25%14.13%21.65%22.19%22.40%22.26%20.28%20.42%20.74%21.37%21.71%21.57%25.12%25.90%23.79%23.10%23.47%
Operating Expense20.60M18.20M27.28M11.54M12.20M13.58M14.24M16.37M15.31M13.82M11.21M16.72M21.34M79.80M79.31M87.94M87.66M98.10M101.23M106.91M121.57M145.61M150.15M206.25M258.32M247.92M275.31M298.32M
Operating Income11.40M10.20M-9.59M3.76M7.15M9.04M15.27M21.99M14.99M6.55M-442.00K-6.02M2.93M16.14M21.04M31.55M38.48M46.34M56.81M73.77M84.14M84.91M88.83M202.50M296.61M178.98M190.28M228.57M
Operating Margin8.25%8.61%-10.05%3.93%6.50%7.02%9.70%11.61%8.86%4.62%-0.42%-5.21%1.71%3.64%4.65%5.91%6.79%6.51%7.34%8.47%8.74%8.00%8.02%12.44%13.84%9.97%9.44%10.18%
EBITDA12.30M7.20M-3.99M4.97M8.32M10.64M16.33M22.92M15.68M7.34M375.00K-4.82M4.29M21.70M26.63M36.65M45.67M52.31M63.41M86.95M94.82M100.26M103.97M223.71M324.58M219.35M230.85M268.28M
EBITDA Margin8.91%6.08%-4.18%5.19%7.56%8.26%10.37%12.09%9.27%5.17%0.36%-4.17%2.50%4.90%5.89%6.87%8.06%7.34%8.19%9.98%9.85%9.44%9.38%13.75%15.15%12.22%11.45%11.95%
Net Income11.10M6.90M-27.27M-1.44M-4.54M6.15M10.13M15.05M11.55M6.31M458.00K-3.37M2.83M15.24M4.96M16.24M23.82M28.54M37.95M61.50M68.62M75.07M76.65M197.70M240.55M157.82M171.04M190.55M
Net Income Margin8.04%5.82%-28.56%-1.50%-4.13%4.77%6.43%7.94%6.83%4.45%0.43%-2.92%1.65%3.44%1.10%3.04%4.20%4.01%4.91%7.06%7.13%7.07%6.92%12.15%11.23%8.79%8.49%8.49%
R&D-------------0000000--------
R&D as % of Total Revenue-------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%--------
Interest Expense1.20M300.00K000233.00K532.00K1.48M2.39M00007.26M5.97M4.84M4.59M4.36M4.44M4.40M3.44M1.50M738.00K702.00K910.00K1.65M517.00K541.00K
Interest Expense % of Total Revenue0.87%0.25%0.00%0.00%0.00%0.18%0.34%0.78%1.41%0.00%0.00%0.00%0.00%1.64%1.32%0.91%0.81%0.61%0.57%0.50%0.36%0.14%0.07%0.04%0.04%0.09%0.03%0.02%

Balance Sheet

Currency: USD1999-03-312000-03-312001-03-312002-03-312003-03-312004-03-312005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets152.20M142.20M119.52M116.06M110.91M129.85M145.48M168.72M172.14M181.25M178.63M232.34M269.44M437.33M444.50M469.24M502.58M553.84M607.32M674.78M725.22M810.43M1.15B1.15B1.31B1.35B1.41B1.49B
Total Liabilities47.80M56.50M61.11M59.09M18.56M31.92M37.17M43.69M34.05M34.90M30.59M51.99M82.95M182.45M175.62M178.81M182.43M200.61M212.91M217.67M195.63M202.84M323.69M323.69M330.47M320.75M342.06M387.96M
Total Equity104.40M85.70M58.41M56.97M92.35M97.93M108.31M125.03M138.09M146.35M148.04M145.78M150.67M168.34M176.89M290.43M320.15M353.23M394.41M457.11M529.59M607.59M830.46M830.46M976.29M1.03B1.06B1.10B
Cash-----30.77M46.46M15.12M12.98M73.61M70.56M74.99M76.51M41.09M47.82M72.95M96.60M97.77M132.54M186.77M187.37M241.83M244.15M244.15M271.43M352.69M356.23M257.03M
Total Debt4.20M13.30M34.50M36.10M--------36.00M4.55M82.29M70.05M66.96M61.17M57.99M59.81M34.14M29.87M24.78M24.78M36.56M35.15M45.14M30.75M
Net Debt4.20M13.30M34.50M36.10M--30.77M-46.46M-15.12M-12.98M-73.61M-70.56M-74.99M-40.51M-36.54M34.46M-2.90M-29.64M-36.59M-74.55M-126.95M-153.23M-211.96M-219.37M-219.37M-234.87M-317.54M-311.08M-226.28M

Cash Flow

Currency: USD2001-03-312002-03-312003-03-312004-03-312005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow890.00K4.11M2.96M18.77M16.26M16.59M6.38M9.00M1.33M-9.55M3.14M16.43M20.72M46.76M25.70M43.54M44.79M58.77M32.84M101.74M144.22M144.22M255.69M224.68M178.50M267.49M
Investing Cash Flow-2.45M---222.00K-575.00K-48.70M-9.15M50.21M-5.42M-21.71M-39.01M-23.07M-2.14M-9.66M-2.10M-38.23M-7.06M-4.67M-5.82M-25.24M-159.10M-159.10M-129.34M-31.71M-23.95M-222.44M
Financing Cash Flow1.56M1.27M-12.22M-774.00K628.00K1.43M1.04M35.70M37.39M-28.77M-11.85M-11.97M49.00K-4.15M-2.96M124.00K-26.41M-20.76M-65.09M-65.09M-102.20M-107.71M-147.95M-162.79M
Capital Expenditure2.63M7.46M373.00K222.00K575.00K5.79M1.15M689.00K986.00K391.00K959.00K2.43M755.00K2.27M2.21M3.52M5.29M8.39M7.64M14.34M18.65M18.65M44.11M17.42M21.43M35.41M
Free Cash Flow-1.74M--18.55M15.68M10.79M5.23M8.31M340.00K-9.94M2.18M14.00M19.96M44.49M23.49M40.02M39.50M50.38M25.20M87.40M125.57M125.57M211.59M207.26M157.07M232.09M
Dividends Paid-----------0000000--2.82M4.16M3.71M---
FCF to OCF-195.51%--98.82%96.46%65.06%81.96%92.34%25.64%104.09%69.47%85.23%96.36%95.16%91.40%91.92%88.18%85.73%76.75%85.90%87.07%87.07%82.75%92.25%88.00%86.76%
Dividend Paid to FCF-----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%--2.24%3.31%1.75%---

Earnings

Report DateMay 2, 1994Aug 8, 1994Jul 21, 2003Oct 23, 2003Jan 22, 2004Apr 28, 2004Jul 22, 2004Oct 25, 2004Jan 20, 2005Apr 28, 2005Jul 20, 2005Oct 27, 2005Jan 19, 2006May 1, 2006Jul 20, 2006Oct 19, 2006Jan 25, 2007May 2, 2007Jul 26, 2007Oct 25, 2007Jan 24, 2008May 1, 2008Jul 25, 2008Oct 23, 2008Jan 29, 2009May 14, 2009Jul 29, 2009Nov 5, 2009Jan 28, 2010Apr 29, 2010Aug 5, 2010Oct 28, 2010Jan 27, 2011May 6, 2011Aug 9, 2011Nov 4, 2011Feb 3, 2012May 30, 2012Aug 3, 2012Nov 2, 2012Jan 31, 2013May 23, 2013Aug 1, 2013Oct 31, 2013Jan 30, 2014May 22, 2014Jul 31, 2014Oct 30, 2014Jan 29, 2015May 21, 2015Aug 5, 2015Oct 29, 2015Jan 28, 2016May 26, 2016Aug 9, 2016Nov 8, 2016Feb 6, 2017Jun 12, 2017Aug 7, 2017Nov 7, 2017Feb 6, 2018May 29, 2018Aug 6, 2018Nov 8, 2018Feb 4, 2019May 23, 2019Jul 29, 2019Oct 28, 2019Jan 30, 2020May 26, 2020Jul 30, 2020Oct 29, 2020Jan 28, 2021May 26, 2021Aug 5, 2021Nov 4, 2021Feb 3, 2022May 26, 2022Aug 4, 2022Nov 3, 2022Feb 2, 2023May 18, 2023Aug 3, 2023Nov 2, 2023Feb 1, 2024May 23, 2024Aug 1, 2024Oct 31, 2024Jan 30, 2025May 21, 2025Jul 31, 2025Oct 30, 2025Jan 29, 2026May 21, 2026Jul 30, 2026Oct 29, 2026
EPS Estimate0.120.10--0.150.160.130.25-0.350.420.400.450.550.620.570.380.280.340.300.210.200.210.130.060.01-0.02-0.210.03-0.050.200.12-0.01-------0.210.210.400.460.490.440.590.630.600.520.500.750.800.760.600.920.971.021.080.801.241.521.551.491.901.462.082.162.021.551.381.881.821.922.002.753.324.815.355.625.684.995.835.314.374.764.704.854.614.805.316.056.005.305.555.42
EPS Actual0.140.130.250.180.300.240.260.310.340.550.530.520.520.620.650.490.320.270.260.290.200.200.130.080.02-0.16-0.22-0.03-0.16-0.110.080.100.000.231.250.240.240.240.120.180.210.200.260.500.660.470.640.610.650.660.600.890.890.770.601.031.351.191.280.671.722.401.991.671.442.172.492.432.241.291.971.792.002.712.924.065.345.806.638.256.665.395.294.764.274.034.115.286.905.406.426.555.585.425.437.17
Surprise16.67%30.00%--100.00%50.00%100.00%24.00%-57.14%26.19%30.00%15.56%12.73%4.84%-14.04%-15.79%-3.57%-23.53%-3.33%-4.76%0.00%-38.10%-38.46%-66.67%-1700.00%-1000.00%85.71%-633.33%-120.00%-60.00%-16.67%135.00%-------0.00%-4.76%-35.00%8.70%34.69%6.82%8.47%-3.17%8.33%26.92%20.00%18.67%11.25%1.32%0.00%11.96%39.18%16.67%18.52%-16.25%38.71%57.89%28.39%12.08%-24.21%48.63%19.71%12.50%10.89%-16.77%42.75%-4.79%9.89%41.15%46.00%47.64%60.84%20.58%23.93%46.80%17.25%8.02%-9.26%-10.36%-2.29%-15.34%-12.55%8.87%49.67%12.50%20.90%8.26%-7.00%2.26%-2.16%32.29%
Timing----After-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-------After-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap4.90B
Enterprise Value4.64B
Trailing P/E27.20
Forward P/E26.32
PEG Ratio45.77
Price / Sales2.04
Price / Book4.37
EPS23.60
Book Value148.40
Revenue (TTM)2.40B
Gross Profit (TTM)514.46M
EBITDA247.81M
Profit Margin7.69%
Operating Margin9.25%
Return on Equity16.58%
Return on Assets9.05%
Shares Outstanding7.63M
Shares Float7.52M
Beta1.33
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 5 analystsTarget 725.60
  • Strong Buy
    4
  • Buy
    1

Ownership Breakdown

Institutions
103.89%
Insiders
1.63%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    1.25M16.36%
  • Capital World Investors
    528.19K6.92%
  • State Street Corp
    419.20K5.49%
  • Vanguard Capital Management, LLC
    347.62K4.56%
  • Vanguard Portfolio Management, LLC
    331.16K4.34%
  • Boston Partners Global Investors, Inc
    325.60K4.27%
  • Geode Capital Management, LLC
    259.18K3.40%
  • Fiduciary Management, Inc. of Milwaukee
    250.13K3.28%
  • Dimensional Fund Advisors, Inc.
    206.47K2.71%
  • Ameriprise Financial Inc
    180.51K2.37%
  • GW&K Investment Management, LLC
    153.44K2.01%
  • Amvescap Plc.
    149.66K1.96%
  • BTIM Corp
    149.06K1.95%
  • Schroder Investment Management Group
    130.35K1.71%

Top Fund Holders

  • American Funds SMALLCAP World A
    470.67K6.17%
  • iShares Core S&P Small-Cap ETF
    462.90K6.07%
  • Vanguard MStar Total Stk Mkt Idx Invest
    245.65K3.22%
  • iShares Russell 2000 ETF
    199.25K2.61%
  • JHancock Disciplined Value Mid Cap I
    167.72K2.20%
  • FMI Common Stock Investor
    130.00K1.70%

Stock Splits

  • Feb 1, 20052:1