GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cavco Industries Inc (NAS:CVCO) » Definitions » Cyclically Adjusted Price-to-FCF

Cavco Industries (Cavco Industries) Cyclically Adjusted Price-to-FCF : 33.49 (As of Apr. 30, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Cavco Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Cavco Industries's current share price is $374.47. Cavco Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $11.18. Cavco Industries's Cyclically Adjusted Price-to-FCF for today is 33.49.

The historical rank and industry rank for Cavco Industries's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CVCO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.36   Med: 45.03   Max: 95.17
Current: 33.5

During the past years, Cavco Industries's highest Cyclically Adjusted Price-to-FCF was 95.17. The lowest was 23.36. And the median was 45.03.

CVCO's Cyclically Adjusted Price-to-FCF is ranked worse than
81.25% of 48 companies
in the Homebuilding & Construction industry
Industry Median: 16.33 vs CVCO: 33.50

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Cavco Industries's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $4.879. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $11.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cavco Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cavco Industries's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cavco Industries Cyclically Adjusted Price-to-FCF Chart

Cavco Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.74 34.44 42.92 35.10 34.41

Cavco Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.19 34.41 29.67 24.65 31.01

Competitive Comparison of Cavco Industries's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, Cavco Industries's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cavco Industries's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cavco Industries's Cyclically Adjusted Price-to-FCF falls into.



Cavco Industries Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cavco Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=374.47/11.18
=33.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cavco Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Cavco Industries's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.879/129.4194*129.4194
=4.879

Current CPI (Dec. 2023) = 129.4194.

Cavco Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 2.175 99.695 2.823
201406 0.196 100.560 0.252
201409 0.670 100.428 0.863
201412 0.903 99.070 1.180
201503 0.835 99.621 1.085
201506 0.379 100.684 0.487
201509 2.800 100.392 3.610
201512 0.432 99.792 0.560
201603 0.816 100.470 1.051
201606 0.695 101.688 0.885
201609 1.424 101.861 1.809
201612 0.569 101.863 0.723
201703 1.756 102.862 2.209
201706 0.121 103.349 0.152
201709 0.631 104.136 0.784
201712 0.421 104.011 0.524
201803 4.303 105.290 5.289
201806 -0.409 106.317 -0.498
201809 1.905 106.507 2.315
201812 -0.420 105.998 -0.513
201903 1.643 107.251 1.983
201906 1.599 108.070 1.915
201909 2.689 108.329 3.213
201912 2.387 108.420 2.849
202003 2.749 108.902 3.267
202006 3.652 108.767 4.345
202009 3.981 109.815 4.692
202012 1.604 109.897 1.889
202103 0.295 111.754 0.342
202106 2.337 114.631 2.638
202109 5.795 115.734 6.480
202112 4.489 117.630 4.939
202203 0.924 121.301 0.986
202206 3.697 125.017 3.827
202209 10.750 125.227 11.110
202212 6.660 125.222 6.883
202303 2.539 127.348 2.580
202306 8.919 128.729 8.967
202309 8.432 129.860 8.403
202312 4.879 129.419 4.879

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Cavco Industries  (NAS:CVCO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cavco Industries Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Cavco Industries's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Cavco Industries (Cavco Industries) Business Description

Traded in Other Exchanges
N/A
Address
3636 North Central Avenue, Suite 1200, Phoenix, AZ, USA, 85012
Cavco Industries Inc designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes, and vacation cabins, as well as commercial structures, among others. The company operates principally in two segments: Factory-built housing, which includes wholesale and retail systems-built housing operations and financial services, which includes manufactured housing consumer finance and insurance. Cavco received most of its revenues from the Factory-built housing segment.
Executives
Steven K. Like officer: Senior Vice President 1001 N. CENTRAL AVENUE, SUITE 800, PHOENIX AZ 85004
Steven G Bunger director
Jack S Brandom officer: President, Financial Services C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Gavin Ryan officer: See remarks 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
David A. Greenblatt director 4218 BEECHWOOD LANE, DALLAS TX 75220-1908
Rogers Colleen J officer: SVP, Marketing and Comm. C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Allison Aden officer: EVP and CFO C/O PROFIT RECOVERY GROUP INTERNATIONAL, 2300 WINDY RIDGE PARKWAY SUITE 100, ATLANTA GA 30339
Matthew A Nino officer: President, Retail C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Brian R Cira officer: President,Manufactured Housing C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Anthony Crutcher officer: Chief Information Officer C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Paul Bigbee officer: Chief Accounting Officer C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Steven W Moster director 7000 E. 1ST AVE., SCOTTSDALE AZ 85251
Simone Reynolds officer: Sr. VP & CHRO C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Julia Sze director C/O 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Lyle D Zeller officer: See Remarks 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012