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GuruFocus Financial Strength Rank measures how strong a company’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 : 7/10

vs
industry
vs
history
Cash to Debt 0.92
CVCO's Cash to Debt is ranked higher than
57% of the 447 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. CVCO: 0.92 )
CVCO' s 10-Year Cash to Debt Range
Min: 0.41   Max: No Debt
Current: 0.92

Equity to Asset 0.63
CVCO's Equity to Asset is ranked higher than
70% of the 444 Companies
in the Global Residential Construction industry.

( Industry Median: 0.54 vs. CVCO: 0.63 )
CVCO' s 10-Year Equity to Asset Range
Min: 0.38   Max: 0.84
Current: 0.63

0.38
0.84
Interest Coverage 3.52
CVCO's Interest Coverage is ranked lower than
62% of the 289 Companies
in the Global Residential Construction industry.

( Industry Median: 24.26 vs. CVCO: 3.52 )
CVCO' s 10-Year Interest Coverage Range
Min: 2.22   Max: 9999.99
Current: 3.52

2.22
9999.99
F-Score: 7
Z-Score: 4.13
M-Score: -2.54
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’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.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

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 : 8/10

vs
industry
vs
history
Operating margin (%) 4.65
CVCO's Operating margin (%) is ranked higher than
65% of the 438 Companies
in the Global Residential Construction industry.

( Industry Median: 4.61 vs. CVCO: 4.65 )
CVCO' s 10-Year Operating margin (%) Range
Min: -10.05   Max: 11.61
Current: 4.65

-10.05
11.61
Net-margin (%) 1.10
CVCO's Net-margin (%) is ranked lower than
53% of the 438 Companies
in the Global Residential Construction industry.

( Industry Median: 3.12 vs. CVCO: 1.10 )
CVCO' s 10-Year Net-margin (%) Range
Min: -28.56   Max: 7.94
Current: 1.1

-28.56
7.94
ROE (%) 2.81
CVCO's ROE (%) is ranked higher than
54% of the 434 Companies
in the Global Residential Construction industry.

( Industry Median: 4.53 vs. CVCO: 2.81 )
CVCO' s 10-Year ROE (%) Range
Min: -46.69   Max: 12.04
Current: 2.81

-46.69
12.04
ROA (%) 1.12
CVCO's ROA (%) is ranked lower than
51% of the 439 Companies
in the Global Residential Construction industry.

( Industry Median: 2.52 vs. CVCO: 1.12 )
CVCO' s 10-Year ROA (%) Range
Min: -22.82   Max: 8.92
Current: 1.12

-22.82
8.92
ROC (Joel Greenblatt) (%) 19.30
CVCO's ROC (Joel Greenblatt) (%) is ranked higher than
83% of the 439 Companies
in the Global Residential Construction industry.

( Industry Median: 8.20 vs. CVCO: 19.30 )
CVCO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -37.51   Max: 204.42
Current: 19.3

-37.51
204.42
Revenue Growth (%) 53.70
CVCO's Revenue Growth (%) is ranked higher than
99% of the 286 Companies
in the Global Residential Construction industry.

( Industry Median: 4.90 vs. CVCO: 53.70 )
CVCO' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 59.4
Current: 53.7

0
59.4
» CVCO's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2013

CVCO Guru Trades in Q2 2013

Mario Gabelli 477,161 sh (+0.27%)
Columbia Wanger 759,000 sh (unchged)
Chuck Royce 232,720 sh (-8.28%)
Third Avenue Management 145,650 sh (-11.48%)
» More
Q3 2013

CVCO Guru Trades in Q3 2013

Jim Simons 10,700 sh (New)
Martin Whitman 1,809,108 sh (New)
Third Avenue Management 2,013,020 sh (+1282.09%)
Columbia Wanger 759,000 sh (unchged)
Mario Gabelli 469,355 sh (-1.64%)
Chuck Royce 219,220 sh (-5.8%)
» More
Q4 2013

CVCO Guru Trades in Q4 2013

Jim Simons 12,882 sh (+20.39%)
Columbia Wanger 759,000 sh (unchged)
Martin Whitman 1,809,108 sh (unchged)
Third Avenue Management 2,004,502 sh (-0.42%)
Mario Gabelli 466,295 sh (-0.65%)
Chuck Royce 190,110 sh (-13.28%)
» More
2014

CVCO Guru Trades in 2014

Martin Whitman 1,809,108 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with CVCO

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Martin Whitman 2013-07-31 New Buy4.2%$44.28 - $55.4 $ 79.2559%1809108
Mario Gabelli 2011-03-31 Reduce -21.09%0.04%$38.25 - $48.88 $ 79.2585%467048
George Soros 2011-03-31 Sold Out $38.25 - $48.88 $ 79.2585%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 48.30
CVCO's P/E(ttm) is ranked lower than
66% of the 347 Companies
in the Global Residential Construction industry.

( Industry Median: 15.70 vs. CVCO: 48.30 )
CVCO' s 10-Year P/E(ttm) Range
Min: 12.92   Max: 366.03
Current: 48.3

12.92
366.03
P/B 2.40
CVCO's P/B is ranked lower than
70% of the 430 Companies
in the Global Residential Construction industry.

( Industry Median: 1.15 vs. CVCO: 2.40 )
CVCO' s 10-Year P/B Range
Min: 0.63   Max: 2.53
Current: 2.4

0.63
2.53
P/S 1.20
CVCO's P/S is ranked lower than
61% of the 461 Companies
in the Global Residential Construction industry.

( Industry Median: 0.73 vs. CVCO: 1.20 )
CVCO' s 10-Year P/S Range
Min: 0.65   Max: 2.9
Current: 1.2

0.65
2.9
PFCF 17.50
CVCO's PFCF is ranked higher than
60% of the 193 Companies
in the Global Residential Construction industry.

( Industry Median: 17.96 vs. CVCO: 17.50 )
CVCO' s 10-Year PFCF Range
Min: 5.12   Max: 534.4
Current: 17.5

5.12
534.4
EV-to-EBIT 23.80
CVCO's EV-to-EBIT is ranked lower than
58% of the 354 Companies
in the Global Residential Construction industry.

( Industry Median: 13.63 vs. CVCO: 23.80 )
CVCO' s 10-Year EV-to-EBIT Range
Min: 6.3   Max: 316.2
Current: 23.8

6.3
316.2
Shiller P/E 98.30
CVCO's Shiller P/E is ranked lower than
68% of the 127 Companies
in the Global Residential Construction industry.

( Industry Median: 24.56 vs. CVCO: 98.30 )
CVCO' s 10-Year Shiller P/E Range
Min: 14.1   Max: 101.95
Current: 98.3

14.1
101.95

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.40
CVCO's Price/Tangible Book is ranked lower than
77% of the 420 Companies
in the Global Residential Construction industry.

( Industry Median: 1.20 vs. CVCO: 3.40 )
CVCO' s 10-Year Price/Tangible Book Range
Min: 1.9   Max: 5.34
Current: 3.4

1.9
5.34
Price/DCF (Projected) 1.90
CVCO's Price/DCF (Projected) is ranked lower than
54% of the 168 Companies
in the Global Residential Construction industry.

( Industry Median: 1.40 vs. CVCO: 1.90 )
CVCO' s 10-Year Price/DCF (Projected) Range
Min: 0.74   Max: 2.14
Current: 1.9

0.74
2.14
Price/Median PS Value 1.00
CVCO's Price/Median PS Value is ranked higher than
75% of the 418 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. CVCO: 1.00 )
CVCO' s 10-Year Price/Median PS Value Range
Min: 0.58   Max: 2.25
Current: 1

0.58
2.25
Price/Graham Number 2.50
CVCO's Price/Graham Number is ranked lower than
75% of the 327 Companies
in the Global Residential Construction industry.

( Industry Median: 1.00 vs. CVCO: 2.50 )
CVCO' s 10-Year Price/Graham Number Range
Min: 1.09   Max: 10.38
Current: 2.5

1.09
10.38
Earnings Yield (Greenblatt) 4.20
CVCO's Earnings Yield (Greenblatt) is ranked lower than
56% of the 375 Companies
in the Global Residential Construction industry.

( Industry Median: 7.30 vs. CVCO: 4.20 )
CVCO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 15.8
Current: 4.2

0.3
15.8
Forward Rate of Return (Yacktman) 0.67
CVCO's Forward Rate of Return (Yacktman) is ranked higher than
57% of the 234 Companies
in the Global Residential Construction industry.

( Industry Median: 2.58 vs. CVCO: 0.67 )
CVCO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -7.3   Max: 4.6
Current: 0.67

-7.3
4.6

Business Description

Industry: Homebuilding & Construction » Residential Construction
Compare:MDC, TOL, DWAHY, DITFY, MTH » details
Cavco Industries, Inc. was formed on June 30, 2003 as a successor corporation to previous Cavco entities operating since 1965. The Company designs and produces factory-built homes, primarily distributed through a network of independent and company-owned retailers, planned community operators and residential developers. It also produces modular homes, including 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. In addition, the Company manufactures park model homes and vacation cabins, as well as commercial structures, including apartment buildings, condominiums, hotels, schools, and housing for U.S. military troops. Further, the Company, through CountryPlace, provides conforming mortgages to purchasers of factory-built and site-built homes; and property and casualty insurance to owners of manufactured homes. It constructs homes using an assembly-line process in which each module or floor section is assembled in stages. The Company sells its products under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. The Company currently operates in two segments - factory-built housing and Financial services. The Factory-built housing segment engages in the wholesale and retail of systems-built housing operations. The Financial services segment provides insurance and financial services to manufactured housing consumers. As of March 30, 2013, the Company operated fifteen homebuilding facilities located in the Pacific, Mountain, South Central and South Atlantic regions. As of March 30, 2013, it distributed homes through 50 Company-owned retail outlets and a network of approximately 980 independent distribution points in 44 states, Canada, Mexico and Japan. The Company competes with approximately 44 other producers of manufactured homes, as well as companies offering for sale homes repossessed from wholesalers or consumers. In addition, manufactured homes compete with new and existing site-built homes, as well as apartments, townhouses and condominiums.

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