XNASCVCO
Market cap3.65bUSD
Dec 24, Last price
450.62USD
1D
1.20%
1Q
6.78%
Jan 2017
351.30%
Name
Cavco Industries Inc
Chart & Performance
Profile
Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, and MidCountry brands. It also builds 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. In addition, the company 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. Further, it 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. Additionally, the company offers property and casualty insurance to owners of manufactured homes. As of April 3, 2022, it operated 45 company-owned retail stores in Oregon, Arizona, Nevada, New Mexico, Texas, Indiana, Oklahoma, Florida, and New York. The company also distributes its homes through a network of independent distribution points in 48 states and Canada; and through planned community operators and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑03 | 2023‑03 | 2022‑03 | 2021‑03 | 2020‑03 | 2019‑03 | 2018‑03 | 2017‑03 | 2016‑03 | 2015‑03 | |
Income | ||||||||||
Revenues | 1,794,792 -16.24% | 2,142,713 31.68% | 1,627,158 46.85% | |||||||
Cost of revenue | 1,367,890 | 1,587,781 | 1,218,409 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 426,902 | 554,932 | 408,749 | |||||||
NOPBT Margin | 23.79% | 25.90% | 25.12% | |||||||
Operating Taxes | 41,275 | 65,922 | 14,247 | |||||||
Tax Rate | 9.67% | 11.88% | 3.49% | |||||||
NOPAT | 385,627 | 489,010 | 394,502 | |||||||
Net income | 157,817 -34.39% | 240,554 21.68% | 197,699 157.94% | |||||||
Dividends | ||||||||||
Dividend yield | ||||||||||
Proceeds from repurchase of equity | (109,309) | (103,412) | (55,443) | |||||||
BB yield | 3.19% | 3.65% | 2.45% | |||||||
Debt | ||||||||||
Debt current | 784 | |||||||||
Long-term debt | 70,296 | 43,356 | 37,152 | |||||||
Deferred revenue | (17,189) | |||||||||
Other long-term liabilities | 7,759 | 7,820 | 17,189 | |||||||
Net debt | (317,977) | (261,688) | (261,233) | |||||||
Cash flow | ||||||||||
Cash from operating activities | 224,682 | 255,693 | 144,224 | |||||||
CAPEX | (17,421) | (44,106) | (18,653) | |||||||
Cash from investing activities | (31,709) | (129,341) | (159,102) | |||||||
Cash from financing activities | (107,710) | (102,196) | (65,095) | |||||||
FCF | 377,350 | 393,949 | 198,163 | |||||||
Balance | ||||||||||
Cash | 370,957 | 286,405 | 264,236 | |||||||
Long term investments | 17,316 | 18,639 | 34,933 | |||||||
Excess cash | 298,533 | 197,908 | 217,811 | |||||||
Stockholders' equity | 1,026,888 | 870,007 | 629,271 | |||||||
Invested Capital | 777,785 | 791,803 | 638,247 | |||||||
ROIC | 49.14% | 68.39% | 76.90% | |||||||
ROCE | 39.50% | 55.64% | 47.44% | |||||||
EV | ||||||||||
Common stock shares outstanding | 8,592 | 8,924 | 9,264 | |||||||
Price | 399.06 25.59% | 317.74 30.31% | 243.84 4.92% | |||||||
Market cap | 3,428,688 20.91% | 2,835,655 25.53% | 2,258,971 4.59% | |||||||
EV | 3,110,711 | 2,575,186 | 1,998,563 | |||||||
EBITDA | 445,427 | 571,835 | 419,766 | |||||||
EV/EBITDA | 6.98 | 4.50 | 4.76 | |||||||
Interest | 1,649 | 910 | 702 | |||||||
Interest/NOPBT | 0.39% | 0.16% | 0.17% |