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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.484
CVCO's Cash to Debt is ranked lower than
52% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 2.14 vs. CVCO: 0.484 )
CVCO' s 10-Year Cash to Debt Range
Min: 0.48   Max: No Debt
Current: 0.48

Equity to Asset 0.2
CVCO's Equity to Asset is ranked lower than
88% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 0.49 vs. CVCO: 0.2 )
CVCO' s 10-Year Equity to Asset Range
Min: -0.09   Max: 0.83
Current: 0.2

-0.09
0.83
Interest Coverage 2.2
CVCO's Interest Coverage is ranked lower than
59% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 338.80 vs. CVCO: 2.2 )
CVCO' s 10-Year Interest Coverage Range
Min: 2   Max: No Debt
Current: 2.2

F-Score: 7
Z-Score: 2.27
M-Score: -2.61
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 3.60
CVCO's Operating margin (%) is ranked higher than
68% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 3.60 vs. CVCO: 3.60 )
CVCO' s 10-Year Operating margin (%) Range
Min: -10   Max: 11.6
Current: 3.6

-10
11.6
Net-margin (%) 3.4
CVCO's Net-margin (%) is ranked higher than
53% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 2.10 vs. CVCO: 3.4 )
CVCO' s 10-Year Net-margin (%) Range
Min: -28.6   Max: 7.9
Current: 3.4

-28.6
7.9
ROE (%) 9.1
CVCO's ROE (%) is ranked higher than
54% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 4.00 vs. CVCO: 9.1 )
CVCO' s 10-Year ROE (%) Range
Min: -46.7   Max: 12
Current: 9.1

-46.7
12
ROA (%) 3.5
CVCO's ROA (%) is ranked higher than
54% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.60 vs. CVCO: 3.5 )
CVCO' s 10-Year ROA (%) Range
Min: -22.8   Max: 8.9
Current: 3.5

-22.8
8.9
ROC (Joel Greenblatt) (%) 15.80
CVCO's ROC (Joel Greenblatt) (%) is ranked higher than
86% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 5.60 vs. CVCO: 15.80 )
CVCO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -37.5   Max: 424.6
Current: 15.8

-37.5
424.6
Revenue Growth (%) 41.9
CVCO's Revenue Growth (%) is ranked higher than
99% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: -2.10 vs. CVCO: 41.9 )
CVCO' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 41.9
Current: 41.9

0
41.9
EBITDA Growth (%) 168.5
CVCO's EBITDA Growth (%) is ranked higher than
100% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 3.00 vs. CVCO: 168.5 )
CVCO' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 168.5
Current: 168.5

0
168.5
EPS Growth (%) 136.5
CVCO's EPS Growth (%) is ranked higher than
99% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 6.10 vs. CVCO: 136.5 )
CVCO' s 10-Year EPS Growth (%) Range
Min: 0   Max: 136.5
Current: 136.5

0
136.5
ยป CVCO's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2012

CVCO Guru Trades in Q2 2012

Mario Gabelli 460,900 sh (+0.48%)
Columbia Wanger 779,000 sh (-0.06%)
Third Avenue Management 833,188 sh (-1.85%)
Chuck Royce 390,383 sh (-9.19%)
» More
Q3 2012

CVCO Guru Trades in Q3 2012

Jim Simons 8,800 sh (New)
Mario Gabelli 462,900 sh (+0.43%)
Columbia Wanger 778,000 sh (-0.13%)
Chuck Royce 320,420 sh (-17.92%)
Third Avenue Management 486,860 sh (-41.57%)
» More
Q4 2012

CVCO Guru Trades in Q4 2012

Columbia Wanger 778,000 sh (unchged)
Jim Simons Sold Out
Mario Gabelli 449,561 sh (-2.88%)
Chuck Royce 289,483 sh (-9.66%)
Third Avenue Management 386,578 sh (-20.6%)
» More
Q1 2013

CVCO Guru Trades in Q1 2013

Mario Gabelli 475,861 sh (+5.85%)
Columbia Wanger 759,000 sh (-2.44%)
Chuck Royce 253,720 sh (-12.35%)
Third Avenue Management 164,540 sh (-57.44%)
» More
» Details

Insider Trades

Latest Guru Trades with CVCO

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Third Avenue Management 2013-03-31 Reduce -57.44%0.24%$44.49 - $51.86 $ 50.55%164540
Third Avenue Management 2012-12-31 Reduce -20.6%0.11%$44.03 - $51.5 $ 50.55%386578
Third Avenue Management 2012-09-30 Reduce -41.57%0.42%$44.86 - $50.43 $ 50.57%486860
Mario Gabelli 2011-03-31 Reduce -21.09%0.04%$38.25 - $48.88 $ 50.518%467048
George Soros 2011-03-31 Sold Out $38.25 - $48.88 $ 50.518%0
George Soros 2010-12-31 New Buy$31.69 - $48.31 $ 50.537%4300
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Cavco Industries, Inc.

Third Avenue Management Sheds Shares as Fourth Quarter Commences Martin Whitman - Third Avenue Management Sheds Shares As Fourth Quarter Commences
Third Avenue Management has reported shareholding reductions since the start of the fourth quarter, shedding shares of three companies: Cavco Industries Inc., Haverty Furtniture Companies Inc. and Alamo Group Inc. The combined reduction average for all three is 21.9 percent. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 67.60
CVCO's P/E(ttm) is ranked higher than
66% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 24.72 vs. CVCO: 67.60 )
CVCO' s 10-Year P/E(ttm) Range
Min: 12.91   Max: 689.43
Current: 67.6

12.91
689.43
P/B 2.09
CVCO's P/B is ranked lower than
66% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.22 vs. CVCO: 2.09 )
CVCO' s 10-Year P/B Range
Min: 0.87   Max: 2.65
Current: 2.09

0.87
2.65
P/S 0.80
CVCO's P/S is ranked lower than
56% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 0.65 vs. CVCO: 0.80 )
CVCO' s 10-Year P/S Range
Min: 0.65   Max: 2.9
Current: 0.8

0.65
2.9
PFCF 18.50
CVCO's PFCF is ranked lower than
54% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 10.98 vs. CVCO: 18.50 )
CVCO' s 10-Year PFCF Range
Min: 6.22   Max: 534.4
Current: 18.5

6.22
534.4
EV-to-EBIT 19.35
CVCO's EV-to-EBIT is ranked higher than
86% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 17.56 vs. CVCO: 19.35 )
CVCO' s 10-Year EV-to-EBIT Range
Min: 6.3   Max: 316.2
Current: 19.35

6.3
316.2
Shiller P/E 76.71
CVCO's Shiller P/E is ranked higher than
91% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 24.05 vs. CVCO: 76.71 )
CVCO' s 10-Year Shiller P/E Range
Min: 17.74   Max: 77.86
Current: 76.71

17.74
77.86

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 13.7
CVCO's Price/Net Current Asset Value is ranked higher than
93% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 3.45 vs. CVCO: 13.7 )
CVCO' s 10-Year Price/Net Current Asset Value Range
Min: 8.4   Max: 19.1
Current: 13.7

8.4
19.1
Price/Tangible Book 4
CVCO's Price/Tangible Book is ranked higher than
91% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.30 vs. CVCO: 4 )
CVCO' s 10-Year Price/Tangible Book Range
Min: 2   Max: 5.7
Current: 4

2
5.7
Price/DCF (Projected) 2
CVCO's Price/DCF (Projected) is ranked higher than
90% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. CVCO: 2 )
CVCO' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 2.1
Current: 2

0.7
2.1
Price/Median PS Value 0.5
CVCO's Price/Median PS Value is ranked higher than
69% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 0.80 vs. CVCO: 0.5 )
CVCO' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.4
Current: 0.5

0.5
1.4
Price/Peter Lynch Fair Value 1.3
CVCO's Price/Peter Lynch Fair Value is ranked higher than
96% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 2.00 vs. CVCO: 1.3 )
CVCO' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.2   Max: 1.2
Current: 1.3

Price/Graham Number 2.1
CVCO's Price/Graham Number is ranked higher than
94% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. CVCO: 2.1 )
CVCO' s 10-Year Price/Graham Number Range
Min: 1.7   Max: 5.5
Current: 2.1

1.7
5.5
Earnings Yield (Greenblatt) 5.20
CVCO's Earnings Yield (Greenblatt) is ranked higher than
91% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 4.00 vs. CVCO: 5.20 )
CVCO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 15.8
Current: 5.2

0.3
15.8
Forward Rate of Return (Yacktman) 0.7
CVCO's Forward Rate of Return (Yacktman) is ranked higher than
96% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 4.68 vs. CVCO: 0.7 )
CVCO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15.1   Max: 1.1
Current: 0.7

-15.1
1.1

Business Description

Cavco Industries, Inc. a Delaware corporation was formed on June 30, 2003 as a successor corporation to previous Cavco entities operating since 1965. The Company is the producer of manufactured homes in the United States, based on reported wholesale shipments, marketed under a variety of brand names including Cavco Homes, Fleetwood Homes, and Palm Harbor Homes. The Company is also a producer of modular homes built mainly under the Nationwide Homes brand as well as park model homes, vacation cabins, and systems-built commercial structures. Its homes are constructed in accordance with the National Manufactured Home Construction and Safety Standards promulgated by HUD. It also build park model homes, constructed to standards approved by the American National Standards Institute, a private, non-profit organization that administers and coordinates a voluntary standardization and conformity program. Park model homes are less than 400 square feet in size and are mainly second homes, used as vacation homes and for retirement living, and are placed in planned communities, recreational home parks and resorts. It produces a variety of modular homes, which include single and multi-section/modular ranch-style dwellings, split-level homes, Cape Cod style homes, two and three story homes and multi-family units, such as apartments and duplexes. It also build commercial modular structures including apartment buildings, condominiums, hotels, schools and housing for U.S. military troops. Commercial buildings are constructed in the same facilities in which it builds its residential homes using similar assembly line processes and techniques. These commercial projects are generally engineered to the purchaser's specifications. The buildings are transported to the customer's site in the same manner as homes and are often set by crane and finished at the site. The Company produces its residential homes in a variety of floor plans. Its homes are single-story and generally range in size from approximately 500 to 3,300 square feet, but may be larger in the case of multi-level modular homes. In fiscal year 2012, it sold 7,860 homes. Each home contains a living room, dining area, kitchen, one to five bedrooms and one or more bathrooms, and is equipped with central heating and hot water systems, kitchen appliances, carpeting and window treatments. Feature upgrades include fireplaces, central air conditioning, tile roofs, high ceilings, skylights, hardwood floors and cabinetry, granite countertops, and energy conservation items. It also offers a variety of structural and decorative customizations to meet the home buyer's specifications. Its manufactured homes are constructed and equipped at its manufacturing facilities. The finished home is then transported by independent trucking companies either to a retail sales center, planned community, housing development or the customer's site. The Company competes with approximately 45 other producers of manufactured h
Company Website
SEC Reports
Industry: Residential Construction
Compare:MDC, TOL, DWAHY, DITFY, MTH

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